News
Baby milk recalled in Cambodia
Potentially contaminated infant milk powder that had been banned in China, Russia and Vietnam is now being recalled in Cambodia. The Cambodian distributor of a milk powder product that uses a suspect ingredient from New Zealand dairy giant Fonterra is recalling thousands of units as a ...
http://www.phnompenhpost.com/business/baby-milk-recalled-cambodia
In Cambodia, Cyber Casinos Fall Into a Legal Gray Area
In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...
Cambodia attracts over 2 mln foreign tourists in first half
Cambodia received 2.09 million international visitors in the first six months of the year, up 19 percent compared with the 1.75 million tourists over the same period last year, figures from the ministry of tourism showed Saturday. Tourism is one of the sectors supporting the ...
http://news.xinhuanet.com/english/world/2013-08/03/c_132598966.htm
Cambodia’s Hun Sen Slams U.S. Threats Over Aid
Cambodian Prime Minister Hun Sen on Friday criticized U.S. threats to cut aid to the impoverished Southeast Asian nation if its election wasn’t free and fair, and dared American lawmakers to follow through on their warning. His comments came after U.S. lawmakers started processes in the ...
http://stream.wsj.com/story/latest-headlines/SS-2-63399/SS-2-293500/
Mfone's towers are a hard sell
Nearly a decade ago, Meng Chor inherited a rooftop rental agreement with a telecommunications firm after buying a property on Mao Tse Toung Boulevard. For $300 a month over a 10-year lease, the contract allowed the company that later became Mfone to keep the cell tower ...
http://www.phnompenhpost.com/business/mfones-towers-are-hard-sell
Land prices in Phnom Penh increase by 15 per cent in first quarter
The more Cambodia’s economy grows and the more investors come into Cambodia has had some positive and negative effects, and one of those effects is to push up land prices in Phnom Penh for the first quarter in 2013, an increase of 15 per cent. Sorn ...
http://www.phnompenhpost.com/real-estate/land-prices-phnom-penh-increase-15-cent-first-quarter
Fear keeps workers at home
When the garment factory that employs her opened its doors yesterday for the first time since Sunday’s election, Chan Neoun was about 130 kilometres away, at home in Svay Rieng province. Intense rioting and a military crackdown were just some of the rumours flying around ...
http://www.phnompenhpost.com/business/fear-keeps-workers-home
Garlic leaves are a boon for farmer
Profitable income generation has many sources. Whether it requires work in an office, trading on the market or farming land – the outcome always depends on the innovation and effort of the individual. For Pring Leang, the sources are three small fields in Kampong Por village ...
http://www.phnompenhpost.com/business/garlic-leaves-are-boon-farmer
Prices fluctuate due to poll
As election data trickled in on Sunday evening and a fear set in borne of uncertainty and a beefed-up police presence, demand for basic commodities surged, food prices briefly rose, and some banks saw an expected rise in withdrawals. Sales of rice jumped from their normal ...
http://www.phnompenhpost.com/business/prices-fluctuate-due-poll
Election worries for tourists
Chris Leyland had forgotten about Cambodia’s national elections when he made plans to travel into Phnom Penh from Vietnam with Jess Jackson, 34, and her two children. Had Leyland, a 41-year-old from Oxford, UK, remembered that it wasn’t going to be a normal weekend in Cambodia, ...
http://www.phnompenhpost.com/business/election-worries-tourists
Shops to close, limit hours
Many restaurants, shops, supermarkets and tourist sites in Phnom Penh and Siem Reap will operate at a limited capacity or close entirely this Sunday as Cambodians line up at voting stations to elect a new government. Despite the closures, Ang Kim Eang, president of the ...
http://www.phnompenhpost.com/business/shops-close-limit-hours
Union wins benefits for garment workers
Most demands made by workers at a Takeo province garment factory were met following a large protest and five hours of negotiation. Asia Dragon (Garment) Co Ltd mediated with the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU), making concessions on most of the workers’ 16 ...
http://www.phnompenhpost.com/national/union-wins-benefits-garment-workers
Workers paid out on doorstop of election
A month-long battle to secure back pay waged by 750 garment workers has ended only days before the national election – with the government footing the bill. The $450,000 payout to the Pine Great (Cambodia) factory workers – whose factory owner skipped town in April – ...
http://www.phnompenhpost.com/national/workers-paid-out-doorstop-election
Satellite system will save fuel and routes
Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...
http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes
Mfone workers paid, a little
After months of protests, more than 1,000 former Mfone employees yesterday received just 10 per cent of the $4.4 million they were demanding in compensation after the telecom company filed for bankruptcy in January. Court-appointed administrator Ouk Ry, entrusted with the sale of Mfone’s assets, ...
http://www.phnompenhpost.com/business/mfone-workers-paid-little
Cambodia’s bourse sees record low volume
In the frenzied run-up to the national election Sunday, Phnom Penh has been the site of concerts, rallies and streets packed with campaigners. But the energy hasn’t spread to the halls of the Cambodia Securities Exchange. At the close of trading Tuesday, five business days had ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-bourse-sees-record-low-volume
Climate Change Will Adversely Affect Economy
Cambodia’s manufacturing and tourism sectors will face adverse effects from climate change due to the country’s focus on hydropower, according to a report produced jointly by British and Cambodian think tanks. ...
http://www.cambodiadaily.com/business/climate-change-will%E2%80%88adversely-affect-economy-36624/
Koh Pich Awash With Development, but Don’t Ask for Details
Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cambodia Investment Corp., is also extending the island by ...
http://www.cambodiadaily.com/news/koh-pich-awash-with-development-but-dont-ask-for-details-36411/
New Cafe to Enter Growing Cambodian Market
Caffe Bene, South Korea’s second-largest coffee chain, on Tuesday announced plans to open in Cambodia, according to a Korean media report. But while its entrance adds one more competitor to the more than half-a-dozen coffee chains already in the country, local franchises said the market is ...
http://www.cambodiadaily.com/business/new-cafe-to-enter-growing-cambodian-market-36434/
Voters split in Boeung Kak
The battle for Phnom Penh at Sunday’s national election will be fought out with the years-long Boeung Kak land dispute still unresolved, after the city’s governor announced yesterday a solution would be found only after the ballot, villagers said. Phnom Penh Governor Pa Socheatvong, who in ...
http://www.phnompenhpost.com/national/voters-split-boeung-kak
Bamboo crafts furnish an income
Prior to 2009, Kong Channa, a rice farmer from Svay Rieng province, would leave his wife and young child for months at a time in neighbouring provinces to supplement his income in the off season. This all changed, though, when he began working with the Cambodian ...
Google to map streets of capital, Angkor Wat
People around the world will soon be able to go online and view close-up pictures of Phnom Penh’s streets and the temples of Angkor Wat, Google representatives announced in Phnom Penh. Google Street View is using cars with special 360-degree panoramic cameras to collect the imagery. ...
http://www.phnompenhpost.com/business/google-map-streets-capital-angkor-wat
Naza bikes hopes to win over 10 pct market share in Cambodia
NAZA World, which is setting up its NAZA Bikes 3S showroom in Phnom Penh, Cambodia, hopes to win an over 10 per cent market share in the country or 30,000 units, within the next three years. NAZA Group of Companies joint group executive chairman Datuk Wira ...
Going home to vote? Expect a hike in travel prices
Voters who travel to cast ballots in the upcoming poll Sunday could face higher transportation fees as drivers and companies try to capitalise on heavier passenger volume. Phan Na, general manager at Phnom Penh Sorya Transportation, which sells bus tickets to several provinces, said fees could ...
http://www.phnompenhpost.com/business/going-home-vote-expect-hike-travel-prices