Economy and commerce
Planning delays oil refinery’s progress
Construction on Cambodia’s $2.3 billion oil refinery has been set back again, this time due to planning delays, the project’s local partner, Cambodia Petrochemical Company (CPC), confirmed yesterday. The landmark oil refinery was slated to begin construction in December 2013 following a $1.67 billion loan from ...
Chan Muyhong
http://www.phnompenhpost.com/business/planning-delays-oil-refinery%E2%80%99s-progress
PM to open IBC International Investment Conference 2014
Cambodia’s Prime Minister Akka Moha Sena Padei Techo Hun Sen will officially open the country’s premier international investment conference in Phnom Penh later this year, according to the event’s organisers the International Business Chamber of Cambodia (IBC). The event, which will take place on October 6th ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDgzMmM3NDFhYWF
ANZ needs to step up its risk assessment: Oxfam
ANZ’s financing of ruling party senator Ly Yong Phat’s controversial sugar plantation has come under fire once again, this time in an investigation by NGO Oxfam into Australia’s big four banks and their links to rights abuses in developing countries. In a report titled “Banking on ...
Daniel de Carteret
http://www.phnompenhpost.com/business/anz-needs-step-its-risk-assessment-oxfam
Strike closes most Bavet factories
All but four garment factories in Svay Rieng province were closed yesterday, as a strike of thousands of workers there continued into its second week, a labour union official said. The strike, estimated to involve about 20,000 people across the province’s Tai Seng and Manhattan special ...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/strike-closes-most-bavet-factories
Phnom Penh to Ho Chi Minh expressway plans announced
The Japanese International Cooperation Agency (JICA) revealed its plans Monday for a Phnom Penh to Ho Chi Minh City expressway that will halve travel time between the two cities. At an estimated cost of $2.2 billion, the initial target date for completion of the expressway is ...
Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-to-ho-chi-minh-expressway-plans-announced-57626/
Villagers questioned over land dispute
Five men in Koh Kong province could be prosecuted for stealing from a construction crew after the group allegedly seized tools in January, preventing the construction team from building fences in their village. Police summonsed the villagers from Kiri Sakor district’s Prek Khsach commune for questioning ...
Chhay Channyda
http://www.phnompenhpost.com/national/villagers-questioned-over-land-dispute
AFD loan ‘will bring power to rural areas’
The French Agency for Development (AFD) announced yesterday that it will provide $24 million to finance privately owned water and power providers to supply rural areas that state-run utilities cannot reach. During a ceremony held at the Ministry of Economy and Finance, the AFD and the ...
Chan Muyhong
http://www.phnompenhpost.com/business/afd-loan-%E2%80%98will-bring-power-rural-areas%E2%80%99
Former Boeng Kak activists protest at City Hall
About 50 residents evicted from Phnom Penh’s Boeng Kak neighborhood in 2008 and 2009 to make way for a senator’s real estate project once again protested in front of City Hall Monday to demand better compensation. They are among some 3,000 families who were forced ...
Mech Dara
http://www.cambodiadaily.com/news/former-boeng-kak-activists-protest-at-city-hall-57647/
Casino owner’s woes persist
The share price of Cambodian casino owner Entertainment Gaming Asia has fallen below the minimum requirement of the Nasdaq Stock Market, threatening the gaming company’s US listing, according to a statement posted on EGA’s website last week. EGA has been given 180 days – until October ...
Eddie Morton
http://www.phnompenhpost.com/business/casino-owner%E2%80%99s-woes-persist
PM to open investment conference
Prime Minister Hun Sen will open Cambodia’s International Investment Conference in Phnom Penh later this year, the International Business Chamber of Cambodia (IBC) said in a statement yesterday. To be held over two days, the event will take place at the Intercontinental Hotel in Phnom Penh, ...
Daniel de Carteret
http://www.phnompenhpost.com/business/pm-open-investment-conference
Cambodia to end customs fees for milled rice exports starting May 1, 2014
Cambodia will end customs fees for milled rice exports with effect from May 1, 2014, in order to reduce production costs and boost Cambodia’s competitiveness in the international market, according to local sources. ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-end-customs-fees-milled-rice-exports-starting-may-1-2014
Sharp seals Cambodia PV deal
Sharp has scored its first international order for its transparent PV panels with a 27.5kW deal in Cambodia. The Osaka-based electronics group will provide 290 of its NA-B095AA see-through panels, as well as inverters and balance of plant (BOP) services, for a cafe in a shopping ...
Brian Publicover
http://www.rechargenews.com/solar/asia_australia/article1359643.ece
Cambodia targets small and medium enterprises from Japan
Prime Minister Hun Sen said that Cambodia was eager to have Japanese investors to build factories and produce goods for exports to the world market. The premier made comments during his meeting on Sunday with Tishimitsu Gotegi, Minister of Ministry of Economy, Commerce and Industry of ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OGMyOTU2M2QzMGI
IMF forecasts higher growth for Cambodia in 2014
The International Monetary Fund (IMF) on Monday forecast Cambodia’s economy will grow by 7.2 per cent this year, 0.2 percentage point higher than last year. ...
Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1034270
How can ASEAN realize its economic integration by 2015?
The Association of the Southeast Asian Nations, known as ASEAN, has chosen 2015 as the year to realize its economic integration as the ASEAN Economic Community. Yet, there are only several months left, ASEAN doesn’t seem to be ready. How can ASEAN realize this goal? Although ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=MTZhZWQ0N2FhZjI
Cambodia's garment, footwear exports up 16 pct in Q1
Garment and footwear industry, Cambodia’s largest income earner, reported a 16 percent surge in exports in the first three months of 2014, the figures of the Ministry of Commerce showed Monday. The Southeast Asian nation exported apparel and footwear products in equivalent to 1.56 billion U.S. ...
ASEAN - China Centre News Staff
http://www.asean-china-center.org/english/2014-04/28/c_133295843.htm
Government urges land concession firms to respect law
Environment Minister Say Sam Al met with private firms with land concessions last week to gauge their compliance with government rules and regulations, and adherence to their own contracts. Amid mounting local and international pressure, Prime Minister Hun Sen in mid-2012 ordered a freeze on ...
Aun Pheap
http://www.cambodiadaily.com/news/government-urges-land-concession-firms-to-respect-law-57474/
No scheme in place for congestion near AEON
Despite expecting 27,000 visitors per day, little planning has gone into tackling traffic congestion at Cambodia’s long-awaited AEON Mall when it opens June 30, City Hall said yesterday. There are 1,400 vehicle parking spaces allotted at AEON and 1,600 bikes spaces accessed via both Sothearos ...
Chan Muyhong
http://www.phnompenhpost.com/business/no-scheme-place-congestion-near-aeon
Bavet City garment strikes gain momentum
Trade unions may have failed to get a stay-at-home strike for higher wages off the ground after the Khmer New Year earlier this month. But a strike for bonus pay is picking up steam in Svay Rieng Province, where some 20,000 garment workers protested at ...
Mech Dara
http://www.cambodiadaily.com/news/bavet-city-garment-strikes-gain-momentum-57447/
AEON tenants target Cambodia’s middle class
An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...
Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/aeon-tenants-target-cambodia%E2%80%99s-middle-class
General in land dispute with another General
A two-star army general was arrested Friday on charges of defamation because he lost a court case over a dispute with a land broker and a formerly high-ranking police official, his lawyer said. Major General Chea Dara’s lawyer, Put Theavy, said yesterday that the dispute ...
Eang Mengleng
http://www.cambodiadaily.com/news/general-in-land-dispute-with-another-general-57522/
Eighteen fired bus drivers protest in front of firm’s office
Eighteen sacked drivers for the Phnom Penh Sorya Transportation company protested in front of the company’s offices Friday morning calling for their reinstatement and a raise. The drivers say they were fired in mid- and late-April for leading strikes—in which they walked off with the keys ...
Sek Odom
http://www.cambodiadaily.com/news/eighteen-fired-bus-drivers-protest-in-front-of-firms-office-57423/
GMAC boycotts workshop on minimum wages
A would-be tripartite workshop intended to improve the garment sector’s minimum wage setting process closed Friday, with the industry’s most influential player, the Garment Manufacturers Association in Cambodia (GMAC), boycotting the talks at Phnom Penh Hotel. The two-day workshop would have been the first meeting between ...
Matt Blomberg
http://www.cambodiadaily.com/news/gmac-boycotts-workshop-on-minimum-wages-57430/
Cambodia's only listed company predicts 12 pct rise in profit this year
Phnom Penh Water Supply Authority (PPWSA), the single listed company on the Cambodia Security Exchange (CSX), expected a 12 percent surge in profit in 2014, a senior official said Thursday. ...
ASEAN - China Centre News Staff
http://www.asean-china-center.org/english/2014-04/25/c_133290108.htm