News

Mining Firm Hit With Fines for Illegal Exports

A mining company owned by the wife of RCAF Major General Nim Meng has been ordered by the government to pay fines and unpaid taxes after the firm was found to have illegally exported minerals from Cambodia, a report released yesterday by the Cambodian Investment ...

Investment by China Doubles In First Half

Cambodia approved $1.2 billion in investments from China in the first six months of the year, a 104 percent increase in the amount of Chinese money set to flood into the economy compared to the same period last year, the Cambodian Investment Board said. The ...

Tourism minister to Thai border

In an attempt to foster tourism on the Cambodia-Thai border, tourism officials this week visited the Cham Yeam border crossing in Koh Kong province. Warming relations with Thailand’s newly elected Prime Minister Yingluck Shinawatra are expected to improve cross-border tourism, which deteriorated after border clashes ...

http://www.phnompenhpost.com/index.php/2011090751482/Business/mending-fences-tourism-minister-to-thai-border.html

Mobile market still growing

Cambodian mobile operators added more than 1 million new subscribers between May and July, with Smart Mobile seeing the largest percentage increase for the period, according to Ministry of Posts and Telecommunications figures obtained by the Post. Marc Einstein, a Tokyo-based analyst at research and ...

http://www.phnompenhpost.com/index.php/2011090751483/Business/mobile-market-still-growing.html

Japan firms see fresh potential in Kingdom

A delegation of more than 30 Japanese businesspeople yesterday met with the Council for the Development of Cambodia to discuss investment opportunities in the Kingdom, after seeing what they said were vast improvements in domestic legal and tax regulations.  However, no definite decisions had yet ...

http://www.phnompenhpost.com/index.php/2011090751484/Business/japan-firms-see-fresh-potential-in-kingdom.html

Minister asks for export break

Minister of Commerce Cham Prasidh yesterday called on the US to allow duty-free entry for Cambodian exports, a benefit the Kingdom already enjoyed with the European Union. The introduction of preferential tax treatment from the US would result in the Kingdom’s share of that country’s ...

http://www.phnompenhpost.com/index.php/2011090751485/Business/minister-asks-for-export-break.html

Labour draft law revamped

The government has dropped controversial criminal penalties targeting unionists in its latest draft of the union law, Commerce Minister Cham Prasidh said yesterday. Addressing a meeting of representatives of international apparel brands, including Nike, Adidas and PUMA, unions, government officials and the International Labour Organisation, ...

http://www.phnompenhpost.com/index.php/2011090751499/National-news/labour-draft-law-revamped.html

Land-grabbing letter hits nerve

The government yesterday lashed out at a letter sent by opposition lawmakers to the World Bank that urged the bank to increase pressure on the government to end forced evictions, land grabbing and threats against community members involved in land disputes with well-connected companies. Council ...

http://www.phnompenhpost.com/index.php/2011090751500/National-news/land-grabbing-letter-hits-nerve.html

Farmers respond to lobster price hikes

As prices continue to climb for freshwater lobster, farming of the crustacean in Cambodia is increasing. A kilogram of top-quality lobster sells for about US$30, up from $10 in 2005, according to lobster farmers. The government is seeking to foster new growth in Cambodia’s wild ...

http://www.phnompenhpost.com/index.php/2011090651474/Business/farmers-respond-to-lobster-price-hikes.html

Port will transfer bulk of capacity to Kandal

The Phnom Penh Autonomous Port will transfer 75 per cent of its loading capacity to a new location at Kandal  to better handle the increased shipments passing through the capital, according to PPAP officials. The PPAP had received US$68 mill-ion in financing from the Chinese ...

http://www.phnompenhpost.com/index.php/2011090651475/Business/port-will-transfer-bulk-of-capacity-to-kandal.html

Minister wants e-trade by end of year

Cambodian government officials have called on the US-ASEAN Business Council to help finalise implementation of the Kingdom’s first e-commerce law by year’s end. However, US-ASEAN Business Council councillor Frances Zwening said Google did not provide an “in-depth response” to the request for assistance, but added ...

http://www.phnompenhpost.com/index.php/2011090651476/Business/minister-wants-e-trade-by-end-of-year.html

Factory and union stitch up agreement

More than 300 striking workers at Jie Wei garment factory in the capital’s Dangkor district will return to work today after successful negotiations yesterday settled a labour dispute that led to a three-day strike last week. Factory management agreed to nine of the 11 demands ...

http://www.phnompenhpost.com/index.php/2011090651467/National-news/factory-and-union-stitch-up-agreement.html

Big brands talk labour rights

The biggest names in the apparel industry, including Nike, Puma and Gap, would meet today with officials from the Ministry of Labour to discuss issues plaguing the Cambodian garment manufacturing industry, such as mass fainting and contractual disputes, labour activists said yesterday.  Dave Welsh, country ...

http://www.phnompenhpost.com/index.php/2011090651477/National-news/big-brands-talk-labour-rights.html

Road Crash Report Shows Fatalities Up Year-to-Year

Road accidents claimed the lives of 1,816 people in 2010, a slight increase from the 1,717 killed in 2009, according to a report by the Cambodia Road Crash and Victim Information System. The total number of casualties from road accidents reached 18,287 in 2010, according ...

Activists, Journalist Summoned Over Incitement

Ratanakkiri Provincial Court has summoned for questioning two rights group activists and a journalist over charges that they incited ethnic minority villagers in Lumphat district to violence in 2009, a court official said yesterday. The case against the three men – Adhoc provincial coordinator Pen ...

Police Warn NGOs Over Workshops

Kompong Thom provincial authorities have threatened to shut down two NGOs who have been providing free legal education to poor villagers in the province, accusing the groups of fomenting rural unrest against private investors. The NGOs, the Cambodian Center for Human Rights and the Natural ...

Time right for talks on sea boundary

In 2009, the Democrat-led government and the People’s Alliance for Democracy accused ousted former prime minister Thaksin Shinawatra of holding secret talks with Cambodia about exploiting oil and gas reserves in the Gulf of Thailand. The government threatened to revoke a memorandum of understanding on overlapping ...

http://www.bangkokpost.com/news/local/255142/time-right-for-talks-on-sea-boundary

US Fortune 500 Firms Wrap Up Cambodia Visit

A US-Asean Business Council delegation representing 11 fortune 500 companies concluded a two-day visit to Phnom Penh on Saturday, the council said in a statement. With Cambodia scheduled to take the chairmanship of Asean next year, members from US companies such as Chevron, GE, Abbot, ...

Garment Factory Lease Issues Cause Protests Over Severance

Afraid that the Dai Young Cambodia Co garment factory in Phnom Penh would not be renewing its land lease, more than 800 workers protested on Saturday at the factory in Russei Keo district demanding that the owner sign a guarantee of severance pay, labor unions ...

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