Broker opens ahead of CSX launch date
Sonatra Securities a designated broker has launched its operations in Cambodia ahead of the launch of the Cambodian Securities Exchange (CSX). As one of the four companies licensed by the Securities and Exchange Commission of Cambodia, Sonatra will be able to buy and sell shares ...
Kratie land dispute meet
Local authorities told residents of Kratie province’s Snuol district that they would not allow a private company to plant crops on their land during a meeting yesterday. Poeng Vin, chief of Pi Thnou commune, said that local authorities would measure land belonging to hundreds of ...
http://www.phnompenhpost.com/index.php/2011072850687/National-news/kratie-land-dispute-meet.html
Wildlife sanctuary shrinks again
The Royal Cambodian Government has given another slice of the Boeung Per Wildlife Sanctuary to the agro-industry. A report in the Royal book released on October 12 states that 1,410 hectares had been granted to two unidentified private businesses for development, particularly the planting of rubber ...
Prime Minister wants better relations with neighbours
Prime Minister Hun Sen called for improved relations between Cambodia, Laos and Vietnam during sideline discussions with high-ranking officials from the three countries at a meeting in Phnom Penh yesterday. Hun Sen’s personal spokesman, Eng Sophalleth, said the premier had spoken with Huynh Dam, president of ...
Borei Keila villagers set to sue
Women from Borei Keila who escaped Prey Speu social affairs centre last Wednesday made another impassioned plea for housing and compensation at rights group Licadho’s Phnom Penh headquarters on Friday. Armed with copies of a Borei Keila construction agreement from 2004 and in tears, they spoke ...
Cambodiaβs ISP market gets mega player
Internet service protocol company Mega will join the Cambodia’s gaggle of active providers today after launching an unconventional marketing campaign that sought to stir curiosity. Four billboards without a clear company name appeared around Phnom Penh in early January. “Something Mega is coming soon” the ad, ...
Sell-Off of Wildlife Areas Faster than Believed
500 sq km of land from three conservation areas have been granted by the Cambodian government to agribusiness companies. Prime Minister Hun Sen has approved 50,750 hectares, through nine concessions, to be granted areas of land that were previously conservation areas. Reththy Kiri Sakor Co. ...
Concessions Affect 3,000 Families, Adhoc Says
According to human rights group Adhoc, five agro-farming concessions granted to Chinese firms are adversely affecting 3,000 families in Preah Vihear province. The concessions have come with warnings of possible land disputes and potential protests. Prime Minister Hun Sen granted the economic land concessions to ...
Block A oil partner inks finance deal
Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration ...
Taxes set to reduce transactions
The pending property tax could lead to declining residential property transactions in the Kingdom as residents fear rising house prices. Although the property sector is currently stable after the country’s recovery from the financial crisis, it is expected to stall once the prakas is implemented, VMC ...
Real estate developers warned
Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...
http://www.phnompenhpost.com/index.php/2011091651705/Business/real-estate-developers-warned.html
With broad mandate, group to represent migrant workers
As reports continue to flood in detailing rampant abuse of Cambodian migrant workers abroad, the Cambodian Migrant Workers’ Association (CMWA) said it would be registering with the Ministry of Interior today as the country’s first migrant workers representative organisation, according to its director. “The idea is ...
Subpar sanitation, high food prices curbing growth, UN says
Economic growth in Cambodia is being hampered by poor sanitation and hygiene, and rising food prices are leaving people struggling to afford basic produce for a balanced diet, according to a report released yesterday by the UN Development Program (UNDP). The UNDP’s 2011 Human Development Report ...
France wants closer economic ties to Cambodia
On a night when some of France’s finest wines were consumed by some of Cambodia’s most senior officials, the message was clear: France wants to strengthen its economic ties with Cambodia. On Wednesday night, the French-Cambodian Chamber of Commerce (CCFC) put on a lavish display of ...
Fainting factory dispute
The Kampong Chhnang provincial labour department has agreed to mediate an ongoing dispute between workers at a garment factory in the province and their employer over alleged violations of the Labour Law. Pov Sitha, director of the provincial labour department, said workers at the M&V International ...
http://www.phnompenhpost.com/index.php/2011120553140/National-news/fainting-factory-dispute.html
Calls for re-evaluation of short-term workers
Almost 120,000 Cambodians who illegally crossed into neighbouring countries in search of work were repatriated during 2011, new figures from the Ministry of Interior have revealed, prompting a senior ministry official to call for a re-evaluation of how Cambodian workers are treated abroad. Chou Bun Eng, ...
Mixed results for protesters
Two protests by garment factory workers in Phnom Penh yesterday achieved very different outcomes. One strike will continue today, but the other ended when company management agreed to workers’ demands. Din Sam Ath, president of the Cambodian Federation of Labour Unions, said the company would comply ...
http://www.phnompenhpost.com/index.php/2012031555047/National-news/mixed-results-for-protesters.html
Police deny baton beatdown
The Phnom Penh municipal police chief yesterday denied claims his officers had beaten three female garment factory workers with batons and shields during a protest in which a 21-year-old’s nose was allegedly broken on Tuesday. Police chief Touch Naruth called the Post yesterday claiming no weapons ...
http://www.phnompenhpost.com/index.php/2012032955319/National-news/police-deny-baton-beatdown.html
Firm cautious after faintings
Workers deemed at risk of fainting were sent home yesterday morning after arriving at the gates of Sabrina (Cambodia) Manufacturing in Kampong Speu province, following two mass fainting incidents at the facility last week, union officials said. Ouk Lina, an administrative officer at the Free Trade ...
http://www.phnompenhpost.com/index.php/2012041055526/National-news/phnom-penh-cambodia-news.html
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