News

Speculators pounce on rice market as prices rise

Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000/kg. At the meeting of Vietnam Food Association (VFA) on September 7 in HCM City, Director of An Giang Export Company Nguyen Van Tien said the amount of rice ...

http://english.vietnamnet.vn/fms/business/43907/business-in-brief-12-9.html

SCG vows Asean coverage

Siam Cement Group (SCG), the country’s top industrial conglomerate, says its logistics unit will cover Asean and southern China within five years, partly through mergers and acquisitions. Kan Trakulhoon, the president and chief executive, said the expansion will accommodate growing regional trade under the Asean Economic ...

http://www.bangkokpost.com/business/economics/308580/scg-vows-asean-coverage

Hundreds of illegal migrants return

Nearly 450 Cambodians who were illegally working in Thailand were repatriated across the Battambang province border on Saturday in one of the largest one-day operations along that border, officials said yesterday. Thai authorities had rounded up the 447 workers, who were busted without the required paperwork, ...

http://www.phnompenhpost.com/index.php/2012091058599/National-news/hundreds-of-illegal-migrants-repatriated-to-cambodia.html

ANRPC sees higher rubber output

Natural rubber (NR) production in Association of Natural Rubber Producing Countries (ANRPC) this year is set to rise by 4.9% to 10.83 million tonnes from 10.33 million tonnes in 2011 The members of ANRPC are Thailand, Indonesia, Malaysia, Vietnam, Cambodia, India, China, Papua New Guinea, the ...

http://biz.thestar.com.my/news/story.asp?file=/2012/9/6/business/11977003&sec=business

Laos, Cambodia set for more listings

Private companies and state enterprises are expected to raise large amounts of funds via the stock exchanges in Thailand, Laos and Cambodia over the next several years. More private firms will list on the Cambodian and Laotian bourses next year, their executives told media yesterday at ...

http://www.nationmultimedia.com/business/Laos-Cambodia-set-for-more-listings-30189439.html

Police: farmers intended to log

Royal Cambodian Armed Forces soldiers arrested 18 Cambodian farmers trying to cross the border in Oddar Meanchey province to illegally log in Thailand on Saturday. The farmers, between 20 and 40 years old, were travelling in a rented van equipped with axes, saws and other tools, ...

http://www.phnompenhpost.com/index.php/2012090458475/National-news/farmers-intended-to-log-police.html

Lao Dam Breaks Ground

A waterfall has been blasted less than two kilometres from the Cambodian-Lao border, beginning work on another unapproved hydroelectric dam on the Mekong river, environmental group International Rivers claimed yesterday. Pianporn Deetes, the Thailand campaign coordinator for International Rivers, said she had learned of the excavation work, near ...

http://www.phnompenhpost.com/index.php/2012090458484/National-news/lao-dam-breaks-ground.html

Trafficking convictions upheld

Five brokers saw their convictions upheld yesterday at Phnom Penh’s Court of Appeal for trafficking 20 Cambodian nationals into Thailand, but legal experts say such convictions for trafficking in Cambodia are still far too rare. While Judge Chan Madyna upheld the men’s 2010 convictions, he shaved ...

http://www.phnompenhpost.com/index.php/2012083158402/National-news/trafficking-convictions-upheld.html

Relief, tales of abuse as fishermen return

In a scene that has become all too familiar over the past year, a group of five fishermen who had endured more than a year in forced labour on a Thai fishing vessel returned to an emotional reunion with their families in Phnom Penh last ...

http://www.phnompenhpost.com/index.php/2012083058384/National-news/relief-tales-of-abuse-as-fishermen-return.html

Xayaburi dam project proceeds as protest grows

In Laos, the construction of controversial hydroelectric dam in Xayaburi province is under way, despite disagreement from its neighbors, Cambodia and Vietnam. The Xayaburi dam project started when the Laotian government and Thailand’s giant construction company, Ch Karnchang Pcl, signed a Memorandum of Understanding in ...

http://www.dw.de/dw/article/0,,16203873,00.html

PTT offers $960 mln to buy out Sakari to increase coal assets

Thailand’s top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel On Aug. 13, Sakari announced a joint venture with the Royal Group of ...

http://www.reuters.com/article/2012/08/27/sakari-ptt-idUSL3E8JR02420120827

Indonesia Bonding With Cambodia in Trade

Indonesia was involved in advanced talks in Cambodia during the late 1980s. Known as the Jakarta Informal Meeting, Indonesia was trying to help put an end to Vietnam’s invasion of Cambodia, in what some observers called the Third Indochina War (1978-91). Despite these close ties, ...

http://www.thejakartaglobe.com/business/indonesia-bonding-with-cambodia-in-trade/540441

Thai Insurgency Claims Outrage Cham Muslims

Cambodia’s Muslim community hit back on Friday at claims made in the media this week by Thailand’s army chief Prayuth Chanocha that members of the Cham minority group were joining the insurgency that has raged in Thailand’s southern provinces since 2004. Speaking at a press conference ...

Service sector eyes AEC's pot of gold

Thai small and medium-sized enterprises (SMEs) in the auto services, logistics, software and medical tourism sectors are tipped to see massive growth opportunities once the Asean Economic Community (AEC) is set up. Industry Minister M.R. Pongsvas Svasti said Thailand’s service sector, which accounts for 30% of ...

http://www.bangkokpost.com/business/economics/309110/service-sector-eyes-aec-pot-of-gold

Southeast Asian Rice Exporters Eye Cartel to Boost Prices

Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. An alliance of Thailand, Vietnam, Cambodia, Laos and Myanmar will aim to share information and cooperate ...

http://online.wsj.com/article/SB10000872396390444812704577606962232854218.html?reflink=barrons_redirect

Unionists at casino betting on a strike

Almost 500 Tropicana Casino staff from gambling hub Poipet have threatened to strike on Saturday if the casino’s Thai owner does not reinstate their union leader, Sath Ser, sacked by the company for supporting another terminated employee, workers said yesterday. A staff member who did not ...

http://www.phnompenhpost.com/index.php/2012082458262/National-news/casino-staff-want-union-leader-restored.html

Rice Exporters Eye Cartel to Boost Prices

Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. But any bid by the five countries to drive up prices will be a challenge, given previous ...

http://online.wsj.com/article/SB30000872396390444812704577606962232854218.html

Thai Press Gives Conflicting Reports on Chams

Thai media reports yesterday offered conflicting information on whether members of Cambodia’s Cham community were joining a long-running Muslim insurgency in Thailand’s southern provinces. According to the [Bangkok] Post, General Prayuth said most of the Cambodian Muslims were traveling on to other countries in search ...

Five ink deal to form rice cartel

Five Asean rice-producing countries are joining forces to form a regional alliance with the ambitious goal to boost rice prices by 10% annually. Trade ministers from Thailand, Vietnam, Cambodia, Myanmar and Laos are scheduled to sign the agreement later this year to establish the Asean Rice ...

http://www.bangkokpost.com/business/economics/308931/five-ink-deal-to-form-rice-cartel

Thai-Cambodian border trade thriving

The border trade between Thailand and Cambodia from January to April this year is worth over 26 billion baht, which is an increase of 25.5 percent year-on-year. According to Mr. Sittiporn Bangkaew, Director of the Surin Provincial Office of Commercial Affairs, Surin province shares ...

http://www.pattayamail.com/business/thai-cambodian-border-trade-thriving-15833

Monitoring questions mount

Official from Cambodian immigration, law enforcement and diplomatic circles were either unaware of, or unwilling to talk yesterday about, an alleged request from the Thai government to help monitor Cambodian Muslims crossing into the country. News of the alleged monitoring surfaced on Monday when Thai ...

http://www.phnompenhpost.com/index.php/2012082258213/National-news/monitoring-of-cambodian-muslims-called-into-question.html

Laos Dam Construction Going Ahead, Company Says

Thai construction company Ch Karnchang has continued work on the controversial Xayaburi dam in Laos, even as the Lao government has assured other Mekong River nations that the project is postponed pending further environmental studies, the company’s CEO said yesterday. Ch Karnchang’s CEO Plew Trivisvavet told ...

'Ransomed' workers returned to Cambodia

All but three of a group of 20 Cambodians who were held against their will on a fishing boat in Thailand had returned after agreeing to pay a fee for “transportation”, a police official said yesterday. The men, believing they were heading to jobs in Koh ...

http://www.phnompenhpost.com/index.php/2012081658026/National-news/ransomed-workers-return-to-cambodia.html

Trafficked fishermen released-for a price

A group of eight Cambodians held for ransom on a Thai fishing boat were freed over the weekend after their families paid 1,000 baht (US$32) per person to a human trafficker in Thailand who is still holding another nine victims, victims and police said yesterday. The ...

http://www.phnompenhpost.com/index.php/2012081457974/National-news/trafficked-fishermen-released-on-ransom.html

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