News
ASICS Wants Monitoring Of Cambodian Sub-Contractors After Accident
The Japanese athletics brand ASICS said Friday that it would push its four Cambodian sub-contractors to join a programme that monitors conditions in garment and shoe factories. “We will strongly request to our sub-contractors in Cambodia to sign up to this programme,” Katsumi Funakoshi, ASICS ...
Instalment payments for goods gaining purchase
AEON Microfinance (Cambodia) Co, part of Japan-based AEON Group, said sales by instalment for electrical appliances and motorbikes increased by 715 per cent in the first quarter of 2013 year on year, a trend industry experts say will grow further with increasing demand for electronics. Started ...
Japan signs a $90m loan deal to improve highway
After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5. The construction is scheduled to start in June 2015 and will be ...
Cambodian factory deaths shine spotlight on conditions
The deaths of at least two Cambodian workers and injuries sustained by 10 colleagues at a shoe factory southwest of Phnom Penh once more shine a light on conditions in the global garment manufacturing industry. Thursday’s accident at the Wing Star Shoe factory in the Cambodian ...
http://www.dw.de/cambodian-factory-deaths-shine-spotlight-on-conditions/a-16819017
Cambodia’s Beauty Industry Blossoming
The beauty business in the Kingdom is growing rapidly as incomes are rising and the middle-class is growing, industry insiders told the Post yesterday. In the first three months of this year, the Kingdom imported cosmetic products worth $9.9 million, an increase of 130 per cent ...
http://www.phnompenhpost.com/2013051665644/Business/cambodia-s-beauty-industry-blossoming.html
Cambodian PM inaugurates rubber processing plant in far northern province
Cambodian Prime Minister Hun Sen on Wednesday inaugurated a rubber processing plant here, saying the factory would contribute to developing the country’s fast-growing rubber sector. The 7 million U.S. dollar plant, invested by Cambodia’s Sopheak Nika Investment Agro-Industry Company, was built on the area of 9 ...
http://news.xinhuanet.com/english/world/2013-05/15/c_132384351.htm
Koh Kong cashes in on conservation
Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...
http://www.phnompenhpost.com/2013051465588/Business/koh-kong-cashes-in-on-conservation.html
Cambodia Plantations Not IFC’s First Controversy
In the wake of a new report from environmental rights group Global Witness rebuking the World Bank’s International Finance Corporation (IFC) and Deutsche Bank for investing in rubber plantations accused of illegal logging and forced evictions, both institutions have denied responsibility and deflected the blame ...
http://www.cambodiadaily.com/news/cambodia-plantations-not-ifcs-first-controversy-23793/
Agricultural brokerage firm begins operations
Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...
Residents Rally At Palace For Release Of Land Activist
Around 30 residents from Boeung Kok, Borei Kei and Thmor kol communities gathered and knelt down Monday in front of the Royal Palace to seek intervention from the King to release jailed land activist Yorm Bopha. In the petition, they asked him to intervene the ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=OWNiYWVhYmQ4ZmM
Hun Sen Orders Toxic Ice Factory Shut Down
Prime Minister Hun Sen said Saturday that he had ordered a Phnom Penh ice-making factory to shut down, after pungent chemical emissions from the plant in Russei Keo district caused more than 100 nearby residents to be hospitalized with breathing problems on Friday. At least 20 ...
http://www.cambodiadaily.com/news/hun-sen-orders-toxic-ice-factory-shut-down-23617/
CPP Senator Wins Power Transmission Contract
The government on Friday awarded CPP Senator Ly Yong Phat a $92.21 million contract to install power lines in Cambodia’s eastern provinces, the Council of Ministers said in a statement. During the weekly Cabinet meeting, senior officials including Prime Minister Hun Sen signed off on the ...
http://www.cambodiadaily.com/business/cpp-senator-wins-power-transmission-contract-23634/
‘Power cuts just a transitional problem’
Recurring power cuts and power shortages draw sharp complaints from Cambodia’s public, the political opposition and business owners. Keo Ratanak, director-general of Electricite du Cambodge (EDC), talked to the Post’s Sarah Thust. What is EDC doing to reduce electricity cuts here? The issue of power shortage is ...
http://www.phnompenhpost.com/2013051065532/Business/power-cuts-just-a-transitional-problem.html
As Phnom Penh Grows, So Does Its Sewage Problem
Since 1998, Phnom Penh’s population has doubled to more than 2 million. High-rise buildings have popped up in the city’s center and housing developments have been hastily erected. Yet the city’s antiquated, decades-old drainage system has undergone little improvement in that time and experts say the ...
Residents Call for Foul-Smelling Factory to Move
About 100 people protested Wednesday evening outside a Phnom Penh ice-making factory owned by the daughter of deputy Kompong Spue governor Tong Seng, complaining that the factory causes a bad smell and that the health of residents in Russei Keo district’s Kilometer 6 commune was ...
CIMB says Local Investors Bring More Franchises to Cambodia
The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...
Wage Hike Leads To Rent Fears
Cambodian Confederation of Unions president Rong Chhun yesterday appealed to landlords with properties close to garment factories not to take advantage of the industry’s minimum wage increase by raising rent prices. The minimum monthly salary in the garment sector – Cambodia’s biggest export industry – officially ...
http://www.phnompenhpost.com/2013051065555/National/wage-hike-leads-to-rent-fears.html
Delta Electronics eyes Cambodia expansion
Delta Electronics (Thailand), one of the world’s leading producers of power supplies and electronic components, plans to expand to Cambodia and Myanmar, the Bangkok Post reported on Wednesday. “There is no indication of a specific timeframe for the expansion, but the company sees these countries . ...
http://www.phnompenhpost.com/2013051065533/Business/delta-electronics-eyes-cambodia-expansion.html
Private property, public greed in Cambodia
Mark Moorstein knew little about Cambodia before he got involved in a lawsuit on behalf of land owners there. But as it’s turning out, the suit could end up affecting most every country in Asia. Moorstein is a land-use lawyer in Northern Virginia who, like many ...
Cambodian PM to visit Macau in September
Cambodian Prime Minister Hun Sen will visit Macau in September to participate in the Second Global Tourism Economy Forum. Prime Minister Hun Sen called for more investment in the country by Chinese and Macau entrepreneurs, and direct flights between Cambodia and Macau. According to Xinhua, the ...
http://www.macaudailytimes.com.mo/macau/43622-cambodian-pm-to-visit-macau-in-september.html
Trade with Vietnam increases
Bilateral trade between Cambodia and neighbouring Vietnam rose more than 10 per cent year-on-year in the first quarter of this year, data from the Vietnam Embassy in Phnom Penh showed. Officials said cross-border trade facilitation by both countries significantly contributed to the growth. But they said ...
http://www.phnompenhpost.com/2013050965501/Business/trade-with-vietnam-increases-2013.html
Thousands go on strike at factories
About 5,000 workers went on strike at the M&V garment factory in Kampong Chhnang province yesterday, adding to the list of incidents at the factory in the past two years that has also included mass faintings. Elsewhere, about 700 workers from the Pine Great (Cambodia) ...
http://www.phnompenhpost.com/2013050965503/National/thousands-go-on-strike-at-factories.html
Investor Decries Export Tax on Cambodian Seafood
A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish processing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...
Cambodia enjoys travel growth
Cambodia’s tourist arrivals registered a 19.9% growth in February according to the country’s statistics and tourist Information Department. The country welcomed 385,760 visits compared to 321,870 during the same month in 2012. Released by the Ministry of Tourism, Monday, data showed neighbouring Vietnam was the top supplier ...
http://www.ttrweekly.com/site/2013/05/cambodia-enjoys-travel-growth/