Charcoal prices rise in urban areas
Deforestation and Cambodia’s strong economic growth have resulted in an increase in the price of charcoal, an energy source the poor are dependent on, charcoal vendors say. The price of charcoal in Phnom Penh had increased at least 200 riel ($0.05) a kilogram compared to 2012, charcoal ...
http://www.phnompenhpost.com/2013022661597/Business/charcoal-prices-rise-in-urban-areas.html
Sides dig in over minimum wage
Unions and the Garment Manufacturers Association in Cambodia (GMAC) are unlikely to walk out of their final minimum wage meeting today with an agreed-upon increase for workers, industry insiders said yesterday. Both parties have reaffirmed their respective positions: GMAC secretary-general Ken Loo said yesterday that “nothing’s ...
http://www.phnompenhpost.com/2013031161866/National/sides-dig-in-over-minimum-wage.html
Gaming Company Announces Casino in Poipet
Entertainment Gaming Asia Inc. (EGA), announced Monday that it will break ground Thursday on a new $7.5 million Slot Hall casino in Poipet province along the Thai border, EGA said in a statement. The casino will open by the end of the year with 300 gaming ...
Beeline Weighs Future Options in Cambodia
VimpelCom Ltd., the Russian mobile telephone operator that runs the Beeline brand in Cambodia, is reviewing its assets in Cambodia to decide whether it should stop doing business here or merge with another firm in the country, an official at the company said yesterday. “We will ...
Police destroy 50 homes in Mondulkiri
With a looming deadline to move still two days away, police yesterday stormed tiny Rayum commune in Mondulkiri province, dismantling and burning at least 50 homes belonging to villagers embroiled in a land dispute with a Vietnamese rubber company. Seng Channy, a villager representative who escaped ...
http://www.phnompenhpost.com/index.php/2012052456373/National-news/villagers-time-runs-out.html
Meeting puts temple villagers in spotlight
Restoration of the Angkor temples won’t be the only thing talked about at a meeting in Siem Reap today – the living conditions of more than 100,000 villagers residing at the heritage site is also on the agenda. “The villagers should live harmoniously with the temples,” ...
Boeung Kak tale resonates in Washington
In Washington yesterday, Sam Rainsy Party lawmaker Mu Sochua lobbied US government officials to withhold military funding to the Cambodian government if it does not meet two political demands ahead of her meeting with Secretary of State Hillary Clinton on Monday. Mu Sochua said she would ...
Two Years In, Kampot Casino Downsizes
The Ha Tien Vegas Entertainment Resort and casino in Kampot Province along the Vietnamese border announced yesterday that it has sacked 500 employees and shut down its 130-room resort less than two years after it became the first casino to open in the province. The company said ...
Clinton Discusses Investment, Debt in Cambodia
U.S. Secretary of State Hillary Clinton is in Cambodia where she met with Prime Minister Hun Sen to discuss U.S. investment and Cambodia’s outstanding debt. Cambodia wants the United States to forgive more than $400 million in debt accrued by the US-backed military government of Lon ...
Push for trade in yuan increasing
Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds. As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import ...
http://www.phnompenhpost.com/index.php/2012072557593/Business/push-for-trade-in-yuan-increasing.html
Chinese firm plans investment in Cambodia
PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided ...
http://usa.chinadaily.com.cn/business/2012-08/08/content_15652505.htm
Sentencing swift in pic ripping case
Less than 36 hours after Wang Zia Chao provoked a strike by destroying two photos of the late King Father in front of hundreds of Cambodian garment workers, the Chinese factory manager was booked, charged and convicted by the Phnom Penh Municipal Court, which last ...
Eight-year investment in Cambodia's airports
Almost $400 million will be invested in Cambodia’s airports over the next eight years, the trade magazine Airport World has reported. The investment will fund the extension to the international terminal at Phnom Penh’s airport, the upgrading of Siem Reap’s airport and improvements to the Sihanoukville ...
Printing industry growing in the region
The printing industry, especially for packaging, is growing in Cambodia and the region, participants at a trade event in Phnom Penh said on Monday. “It has certainly developed, the demand is slowly rising,” Karen Prager, business unit manager at Rieckermann Cambodia, told the Post. The Drupa ...
US Seeks Infrastructure Deals in Cambodia
Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...
http://www.cambodiadaily.com/business/us-seeks-infrastructure-deals-in-cambodia-7945/
Opposition Questions Shortcoming in Government Revenue
The National Assembly on Friday passed a law approving the government’s revenue and spending in 2011, drawing criticism from the opposition, which claimed the amount taken in by the government during the period was too low. All 77 CPP lawmakers present voted in favor of the ...
http://www.cambodiadaily.com/news/opposition-questions-shortcomings-in-government-revenue-8468/
Bangchak plans petrol stations in Cambodia
Bangchak Petroleum, a majority state-owned oil refiner and retailer in Thailand, said it wants to open five petrol stations in Cambodia, with the first station opening in 2014, the Bangkok Post reported last week. Tui Rutten, president of the Thai Business Council of Cambodia did not ...
http://www.phnompenhpost.com/2013020161112/Business/bangchak-plans-petrol-stations-in-cambodia.html
40 hectares razed in R’kiri
More than 40 hectares of protected forest in Rattanakiri’s O’Yadav district was razed by a Vietnamese company over the course of six days before they were stopped yesterday by villagers and investigators from rights group Adhoc, a local official said. Sav Hlin, a village chief in ...
http://www.phnompenhpost.com/2013042665270/National/40-hectares-razed-in-r-kiri.html
Corruption worse than in Bangladesh: NGO
In a country where corruption is as rife as it is in Cambodia, global brands must work with governments to ensure garment factories are safe and working conditions legal, international NGO Transparency International (TI) said yesterday. In Cambodia, where two workers were killed when a ceiling ...
http://www.phnompenhpost.com/2013061266221/National/corruption-worse-than-in-bangladesh-ngo.html
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/