Economy and commerce
Gov’t seeks a greener tourism industry
The Tourism Ministry will announce a new “Green Hotel” standard later this month in an effort to make the industry more environmentally friendly, senior officials say. Tourism Minister Thong Khon said on Friday that while it will not be immediately compulsory for all hotel venues to ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-seeks-greener-tourism-industry
Unions, factories set positions on minimum wage raise
Unions and factories remained at odds over where to peg next year’s minimum wage for the garment sector after a meeting between representatives for both sides on Friday, though they agreed to resume the talks later in the month. Earlier this year, the Labor Advisory Committee, ...
Mech Dara and Zsombor Peter
http://www.cambodiadaily.com/news/unions-factories-set-positions-on-minimum-wage-raise-66112/
Naga aircraft set to take flight
Nagacorp, owner of Cambodia’s largest casino, NagaWorld, is on track to begin flying in high-rollers from China on a fleet of its own commercial aircraft, according to the company’s latest earnings statement and government officials. In a filing to the Hong Kong Stock Exchange on Friday, ...
Eddie Morton
http://www.phnompenhpost.com/business/naga-aircraft-set-take-flight
Mekong hydropower could conflict with other benefits: Kerry
US Secretary of State John Kerry said Saturday that hydropower development along the Mekong River could conflict with other benefits. “You have this tension between the purposes, unless they’re approached thoughtfully and correctly,” he told foreign ministers from the Lower Mekong Initiative gathered in Nay Pyi ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=ZDBkZDVhOTQxOTA
Infrastructure in place for GMS economic corridors: ADB
Most of the infrastructure required for enhanced connectivity in the Greater Mekong Subregion has been put in place, particularly the transport links that form the base of the envisaged economic corridors, Bindu Lohani, vice president of the Asian Development Bank, said yesterday. He made the remark ...
The Nation News Staff
http://www.nationmultimedia.com/business/Infrastructure-in-place-for-GMS-economic-corridors-30240591.html
Cambodia has shortage of capable human resource
The number of people seeking for jobs has been on the rise each day. However, companies, organizations and institutions are relentlessly complaining that human resource is both scarce and of low quality. Many students who have just graduated for about a year or two say they ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=OTNiZWMzYWFjMzU
ASEAN FMs reiterate continued commitment to realizing ASEAN Community
Foreign ministers of the Association of Southeast Asian Nations (ASEAN) on Sunday reiterated their continued commitment to the realization of ASEAN Community by 2015 and beyond. They pledged their commitment in the joint communique issued on the final day of their 47th annual meeting in Nay ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-08/10/c_133546154.htm
Cambodia economy bucks regional trend
Driven by garment and improved agricultural export markets, Cambodia has bucked the wider trend of slowing Southeast Asian economies, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). ESCAP’s semi-annual Economic and Social Survey of Asia and the Pacific, published ...
Eddie Morton
http://www.phnompenhpost.com/business/cambodia-economy-bucks-regional-trend
Worker insurance near
The government’s long-pledged health insurance scheme for private sector employees, including factory workers, is just around the corner, officials promised yesterday while refusing to name a more specific date. On Wednesday, the Ministry of Labour held a public forum on the insurance plan, which is expected ...
Laignee Barron
http://www.phnompenhpost.com/national/worker-insurance-near
Cambodian insurance industry has 'Substantial potential for growth'
Nascent insurance markets in Cambodia, Cuba and Myanmar offer “significant opportunities” to foreign insurers, according to a US market research company. In a statement released Wednesday, Dallas-based Market Reports Store praised Cambodia’s “bold economic reforms and economic liberalisation” since 2000. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjgyYjQ3MWI0YWN
ANZ hit by controversy in Cambodia
ANZ is facing calls for compensation over its funding of a Cambodian sugar mill linked to child labour, forced evictions and land grabs. Media reports on Monday said hundreds of Cambodian farmers had called on the bank to provide compensation for the land they lost due ...
Georgia Wilkins
http://www.stuff.co.nz/business/world/10358069/ANZ-hit-by-controversy-in-Cambodia
Justice and Soul Opens 1st Cosmetology School in Cambodia
The Justice and Soul Foundation has opened its first cosmetology school in Phnom Penh, Cambodia. The Kate Korpi Salon has been built to teach sustainable cosmetology skills to survivors of the sex trafficking industry. What started as an idea discussed over a cup of coffee five ...
Stacey Soble
http://www.salontoday.com/news/salon-business/Justice-and-Soul-Opens-1st-Cosmetology-School-in-Cambodia-270327121.html
Cambodia to bid on Philippine rice tender
Cambodia is vying for a share of the Philippines’ latest rice import tender of 500,000 tons, according to Thon Virak, general-director of state-owned Green Trade Company. ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/cambodia-to-bid-on-philippine-rice-tender-65922/
Travel expo to draw big dollars and big buyers
The government has squirrelled away about $500,000 for the upcoming Pacific Asian Tourism Association Travel Mart (PTM), which is to run September 17-19. Tourism Minister Thong Khon told the Post yesterday that the government had approved the $500,000 budget for the event, which it is hoped ...
Chan Muyhong
http://www.phnompenhpost.com/business/travel-expo-draw-big-dollars-and-big-buyers
Cease and desist: Firm ordered to stop filling Kandal lake
The Ministry of Water Resources and Meteorology has ordered provincial authorities to stop Vattanac Properties, a land developer, from filling in a lake in Kandal’s Kien Svay district because it would affect water supplies to farms of nearby residents. ...
Sen David
http://www.phnompenhpost.com/national/cease-and-desist-firm-ordered-stop-filling-kandal-lake
Strike ends as sacked workers take cash
Seven union leaders protesting against being sacked from the Vantage River Textile factory in Preah Sihanouk province each agreed yesterday to accept $300 compensation. Worker representative and sacked employee Keo Srey Pich, 22, said three hours of negotiations between the union, workers and the company, in ...
Pech Sotheary
http://www.phnompenhpost.com/national/strike-ends-sacked-workers-take-cash
Family, firm still at odds over land
While one of the two Phnom Penh families embroiled in a long-running land dispute with the Khun Sear Import Export Company this week accepted a compensation offer, the other says it has no plans to back down. ...
Chhay Channyda
http://www.phnompenhpost.com/national/family-firm-still-odds-over-land
Cambodian PM says economy to grow by 7.5 pct this year
Cambodian Prime Minister Hun Sen said Wednesday that the country’s economy is forecast to grow by 7. 5 percent in 2014, driven by steady growth in agriculture, garment export, tourism, and construction. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-08/06/c_133536721.htm
Cassava farmers plead for gov’t help
Cassava farmers are calling on the government to standardise prices and help stabilise demand as the market for the root crop continues to prove risky for growers. Cassava exports totalled 226,000 tonnes in the first six months of the year, down 21 per cent from a ...
Chan Muyhong
http://www.phnompenhpost.com/business/cassava-farmers-plead-gov%E2%80%99t-help
Benefits there for the taking
Thailand will lose its beneficial tax treatment on exports to the European Union next year, and Cambodia’s manufacturing sector could be set to capitalise. Following three consecutive years of upper-middle income status as defined by the World Bank, Thailand will on January 1 lose its Generalised ...
Daniel de Carteret
http://www.phnompenhpost.com/business/benefits-there-taking
Youth seek tobacco curbs: org
A survey has found that while only 12 per cent of young Cambodians smoke cigarettes, more than four times that number are exposed to passive smoke every day, and a broad majority back tougher regulation of tobacco products. Mom Kong, executive director at the Cambodian Movement ...
Sen David
http://www.phnompenhpost.com/national/youth-seek-tobacco-curbs-org
Brunei imports more than 3,000 tonnes of Cambodian rice
Brunei has imported 3,003 metric tonnes of Jasmine rice from Baitang, Cambodia, said the Supply and State Stores Department, Ministry of Finance. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZDNiNTVkYjU4ODA
Cambodia rice exporters hope to clinch philippines rice import deal
Cambodian rice exporters are keen on winning the Philippines government’s latest rice import tender for 500,000 tons of 25% broken white rice slated for August 27, 2014, according to local sources. ...
Oryza News Staff
http://www.oryza.com/news/rice-news/cambodia-rice-exporters-hope-clinch-philippines-rice-import-deal
PM says BRICS bank to ease dependency
Prime Minister Hun Sen yesterday applauded the recent creation of the BRICS New Development Bank (NDB), saying it could ease Cambodia’s dependence on institutions such as the World Bank and the International Monetary Fund (IMF). BRICS member nations Brazil, Russia, India, China and South Africa announced ...
May Kunmakara
http://www.phnompenhpost.com/business/pm-says-brics-bank-ease-dependency