News
Cambodia Falls Short as Garment-Industry Model
This small Southeast Asian country was supposed to become a model for the world apparel industry, with tough factory monitoring and strong worker protections. But a dozen years after the United Nations’ International Labour Organization launched a program to manage Cambodia’s booming garment trade—the first of ...
http://online.wsj.com/article/SB10001424127887324423904578521240151597504.html
Cambodia's Angkor Wat earns 30 mln USD per annum from ticket sales
Cambodia’s Angkor Wat temples, one of the world heritage sites, generated an annual revenue of 30 million U.S. dollars from ticket sales, Deputy Prime Minister and Cabinet Minister Sok An said Sunday. Last year, the temples attracted 2.06 million foreigners, up 28 percent year-on-year, he ...
http://www.asean-china-center.org/english/2013-07/08/c_132522594.htm
Kirilo Hydro station goes online
The Kirilo No.3 Hydro-power Station, located in the KOH Kong Province of Cambodia, was recently put into operation. The ribbon cutting ceremony of the Project was held on February 23, 2013 in the power station area. The Project was investigated and designed by HYDROCHINA Mid-South ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YmJiM2Y0ZTAwZWQ
China currency deals surge
As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...
http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html
ASICS Compensates Killed Workers’ Families
Japanese sports brand ASICS has agreed to pay compensation to the families of victims who died in a factory collapse in May, a brand representative said. ASICS Corporation managing executive officer Ron Pietersen, who arrived in Phnom Penh on Friday, said the company profoundly regretted the ...
http://www.cambodiadaily.com/news/asics-compensates-killed-workers-families-33793/
$1M Damage as Blaze Guts Siem Reap Market
A fire sparked by an electrical fault ripped through the Doeum Kralanh market in Siem Reap City early Friday morning destroying 200 stalls and causing more than $1 million in damage, according to market traders and police officials. The 8,000-square-meter market in Kokchak commune housed a ...
http://www.cambodiadaily.com/news/1m-damage-as-blaze-guts-siem-reap-market-33787/
Malaysian bank eyes the affluent
A new Malaysian player in Cambodia’s expanding banking sector aims to capture the “emerging affluent” with its mobile and online services. Malaysian-based Hong Leong Bank will begin operating in Phnom Penh today, with a branch on Street 214. Joe Farrugia, CEO of Hong Leong Bank Cambodia, ...
http://www.phnompenhpost.com/2013070866710/Business/malaysian-bank-eyes-the-affluent.html
New Boeng Kak Group Petitions World Bank
About 30 former residents of the Boeng Kak community submitted a petition on Friday morning to the World Bank office and several embassies in Phnom Penh, calling for a halt to all funding for longtime anti-eviction protesters from the Boeng Kak area. The Boeng Kak counter-protesters ...
http://www.cambodiadaily.com/news/new-boeng-kak-group-petitions-world-bank-33746/
Call for More Investment in Infrastructure
As much as $16 billion of investment is needed in Cambodia over the next decade if the country’s infrastructure is to keep up with the pace of economic growth, according to a regional think tank. At a seminar in Phnom Penh on Thuesday, Jakarta-based Economic Research ...
http://www.cambodiadaily.com/business/call-for-more-investment-in-infrastructure-33737/
Toyota to Open Second Phnom Penh Outlet
Japanese automobile giant Toyota is set to increase its presence in Cambodia with a second sales showroom, according to a company manager. The move follows fellow Japanese automaker Mazda, which opened a new showroom in May. According to a report from newswire Bloomberg, Toyota executive vice president ...
http://www.cambodiadaily.com/business/toyota-to-open-second-phnom-penh-outlet-33328/
Villagers Say Homes Being Purposely Flooded
More than 120 families in Phnom Penh’s Dangkao district sent a letter on Monday to the district governor asking for his help in addressing the flooding problem that has seen some of their homes collapse and has forced many to seek temporary accommodation elsewhere, villagers ...
http://www.cambodiadaily.com/news/villagers-say-homes-being-purposely-flooded-33317/
Preah Vihear visits on the up
As tensions subside between Thailand and Cambodia over the 11th-century Preah Vihear temple, site officials are welcoming a steady increase of international tourists. At 5,240, foreign visits are up 56 per cent in the first six months of the year, compared to the same period ...
http://www.phnompenhpost.com/2013070366630/Business/preah-vihear-visits-on-the-up.html
Demand for Gold Rises as World Price Falls
Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...
http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/
Aeon Insurance eyes Cambodia
Aeon Insurance Service (Thailand), the insurance broker of Aeon Thana Sinsap (Thailand), will study doing business in Cambodia as part of its synergy with Aeon Group, which is constructing its first mall in Phnom Penh. Managing director Sakarabhop Dhivarakara said yesterday that even though there were ...
http://www.nationmultimedia.com/business/Aeon-Insurance-eyes-Cambodia-30209477.html
Factory’s owner in crosshairs
Some 400 garment workers yesterday gathered outside the Ministry of Social Affairs to plead for government intervention against a factory owner who fled without paying them overdue wages three months ago. Khem Chamnan, a Free Trade Union representative from the Pine Great (Cambodia) factory in Phnom ...
http://www.phnompenhpost.com/2013070266604/National/factory-s-owner-in-crosshairs.html
Condom packers seek ‘unpaid’ bonuses
Forty-four Number One and OK condom packers, out of work since their contracts ended on Sunday, protested outside the office of health NGO Population Services Khmer (PSK) in Phnom Penh yesterday, demanding “unpaid” seniority bonuses. Representative So Nita said the workers, four of whom have physical ...
http://www.phnompenhpost.com/2013070266603/National/condom-packers-seek-unpaid-bonuses.html
Hong Kong calls for hike in imports
After a visit to Phnom Penh last week, John C Tsang, finance secretary of the Hong Kong Special Administrative Region, took to his blog to call for more direct imports of Cambodian rice, which he says comes through a third country. In a post on June ...
http://www.phnompenhpost.com/2013070266597/Business/hong-kong-calls-for-hike-in-imports.html
EU Draft Memo Defended Voter List Margin of Error
Audits of the voter list which claimed that up to 1 million people could lose their right to vote in the July 28 national election were attributed to an “unavoidable margin of error” due to many citizens not having national identity cards or a permanent ...
http://www.cambodiadaily.com/elections/eu-draft-memo-defended-voter-list-margin-of-error-32909/
Cambodia wants better ties with Pakistan in economics, trade, tourism: PM
Cambodian Prime Minister Hun Sen on Monday expressed his desire to see better relations with Pakistan, particularly in economics, trade and tourism. He said the two countries signed an agreement on the investment protection and promotion in April 2004 during the visit of former Prime ...
http://news.xinhuanet.com/english/world/2013-07/01/c_132501129.htm
Housing Activists Clash With Police in Street Protest
At least two women were injured Monday as housing rights activists clashed with police in Phnom Penh. The activists had been demonstrating by sitting in a major street in front of City Hall to demand land titles in two ongoing land disputes in the capital, those ...
‘Master Plan’ Drawn for Phnom Penh Public Transport System
The Japan International Cooperation Agency (JICA) met with Phnom Penh municipal authorities last month to present the first stage of a “master plan” for the construction of a much-needed public transport system for the capital. Masato Koto, chief of mission for JICA’s transportation planning group in ...
http://www.cambodiadaily.com/news/master-plan-drawn-for-phnom-penh-public-transport-system-32712/
Playing with a bad hand
It’s been more than a year since union leader Sat Sep was fired from the Tropicana Casino and Resort in Poipet town, a dismissal that sparked strikes and ended in senior members of the Cambodian Tourism and Service Workers Federation being driven from the casino’s ...
http://www.phnompenhpost.com/2013070166584/National/playing-with-a-bad-hand.html
Map connects factories and buyers
In light of ongoing disputes over working conditions in the garment sector, the Cambodian Centre for Human Rights (CCHR) released yesterday details on hundreds of factories it believes will offer greater transparency along the garment supply chain – from producers to buyers – and shine ...
http://www.phnompenhpost.com/2013070166578/Business/map-connects-factories-and-buyers.html
Unlike Past Elections, Property Investors Remain Buoyant
Ahead of elections 10 years ago, people across the country would hoard rice in case the vote sent the country spiraling into a state of turmoil. Businesses across the country would bide their time before making any major investments. And those who could afford to ...