Approved Invvestments in May Reach $110 Million
15 new projects worth a total of $110 million have been approved by Cambodia’s investment board in May. The Council for Development of Cambodia has approved two rubber plantations worth $60 million. Cin Qian Investment Co, a Chinese firm, has been approved for developing a ...
Crops in Peril Amid Provinces’ Ongoing Drought
Rice growing provinces such as Battambang, Kandal and Takeo are suffering a drought as monsoon rains have not affected the areas. Harvests are expected to fail or fall short of expectations if rain does not fall on the farmland within the next few weeks. 2,000 ...
OZ Minerals Future in Cambodia Still Unclear
OZ Minerals, the Australian mining company is reviewing its assets in Cambodia and is so far not planning any further work in the country. Their assessment of gold reserves in the country will be updated by the end of the year at which time the ...
Cambodia’s airports see growth in 2011
There has been a 13 percent increase to Cambodia’s two international airports since the beginning of the year. The USA, China, South Korea and Vietnam along with Japan were the key factors in this growth. The government’s attempts to attract visitors and investors is cited ...
‘Price Dumping’ in Telecoms Market Still Persists
The Ministry of Post and Telecommunications implemented a law preventing mobile phone service providers from selling at less than cost over a year and a half ago, though the companies are still lowering their tariffs in an effort to remain competitive in the highly saturated ...
B Kak Firm Seeks Bauxite in Mondolkiri
Bauxite reserves in Mondolkiri province abandoned by Australian mining form BHP Billiton in 2009 are now being explored by China’s Mongolia Erdos Hongjun Holding Group, the same firm that is behind the controversial development of Boeng Kak lake in Phnom Penh. Kong Pisith, director of ...
Economists See Growth Potential in Stock Exchange
Cambodia has officially opened a stock exchange, which economists say will provide a chance for the development of the country and job creation. However, they warn that mismanagement of the bourse could also lead to economic woes. “When this stock market goes well, it will ...
Chinese Company Voices Interest in Cambodian Oil
Hong Kong-listed China Oilfield Services Ltd, an offshore services provider for the oil and gas sectors, is looking to start operations in Cambodia, according to an earnings report released by the company last week. “For the overseas market, apart from expanding and strengthening the overseas ...
Hands-on contest a hit in Cambodia
Long a popular fixture of US TV and radio competitions, “Hands on a Hardbody,” a marathon endurance contest where participants vie to hold their palms against a car the longest in order to win it, has expanded to Cambodia. More than 80 participants took part ...
Cambodia and UK trade surges in 2011
Bilateral trade between Cambodia and the United Kingdom increased more than 55% year-on-year during the first six months of 2011, according to the British Embassy in Phnom Penh. Total trade between January and June equalled US$247.2 million, up from $159.3 million during the same period in ...
No room for strike in Siem Reap
Provincial authorities in Siem Reap will demand that the Angkor Village Hotel and Resort respect an Arbitration Council decision, which it has so far baulked at, ordering to reinstate more than 60 workers fired since July. Following protests outside the hotel and at a court hearing ...
Chinese animal feed mill opens in Cambodia
A Chinese animal feed mill officially opened at the Phnom Penh Special Economic Zone (PPSEZ) on Aug 28. It is the first animal feed mill from China and the fifth animal feed factory to operate in Cambodia Cambodia has strongly depended on the imports for animal ...
Foreign investment needed in Special Economic Zones
According to a Sept 4 press release from the Council for Development of Cambodia (CDC), there are currently a total of 19 SEZs and most of them are situated along Cambodia’s borders with Vietnam and Thailand. Eight are fully operational with both local and foreign ...
Japan introduces fresh water fish in Cambodia
A group from the Japanese Fish Rearing Association led by Kazuki Nishimura met with Chan Sarun, Minister of Agriculture, Forestry and Fisheries. During the meeting Kazuki Nishimura told the minister that the Japanese Fish Rearing Association wished to introduce Japanese fresh water fish (Nishiki Koi) ...
Labor minister defends loophole in maids ban
The Minister of Labor yesterday defended his ministry’s much-criticized interpretation of Prime Minister Hun Sen’s ban on sending maids to Malaysia, after it allowed about 3,000 young women to still be sent abroad despite the serious risk of abuse and exploitation. Minister of Labor Vong Sauth ...
Two maids allegedly suffered abuse in Malaysia
Two new claims of abuse of Cambodian maids employed in Malaysia have emerged since Friday, including one case of a woman who returned home with severe mental trauma following alleged mistreatment by her Malaysian employer, the victims’ families said. Iy Thar, a villager from Kompong Thom ...
Food security in focus as floods recede
The government had set aside 3,000 tonnes of rice seeds to distribute to farmers whose crops were destroyed by flooding and had so far distributed 1,900 tonnes of rice to those affected by the floods in 18 provinces, the National Committee for Disaster Management said ...
No transparency provisions in draft oil law
After years in the drafting process, a copy of Cambodia’s much-anticipated draft petroleum law obtained this week shows that there are still no provisions governing the public disclosure of payments made to the government by gas and oil companies. Dated February 2010, the draft could still ...
Eight killed on Thai border in October
Eight Cambodian suspected of illegally logging along the Thai-Cambodian border have been shot dead by Thai soldiers, and three others have been wounded in the month of October alone, human rights workers and officials said Friday. The latest figure brings the death toll so far this ...
Fugitive directors face seven years in prison
A director and a former director of recruitment company Champa Manpower Group were sentenced in absentia to seven years’ jail yesterday for detaining three female workers in Phnom Penh last year. Chaing Sinath, presiding judge at the Phnom Penh Municipal Court, ordered that company director Sos ...