Digital content key to growth for Kingdom's telecom firms
CAMBODIAN telecoms must produce digital content to remain competitive in the country’s crowded sector, experts said yesterday. However, others claimed the consumer market for that content was still too small. A lack of domestically produced TV programs, websites and other digital offerings has Cambodia’s estimated 755,000 internet ...
Company backtracks, says villagers will now get land
The director of TTY rubber company, whose guards shot four land protestors in Kratie province last week, said he will give land back to the protesting villagers, backtracking on his vow Friday not to give up any of the land granted to him by the ...
Ease Flood Victims' Debts, Hun Sen Tells MFIs
Prime Minister Hun Sen has called on microfinance institutions to reduce interest rates and expand repayment periods for the tens of thousands of families affected by last year’s devastating floods. Addressing microfinance institutions (MFIs) on Tuesday during a conference at the Ministry of Rural Development, ...
Koh Kong king halted
Ly Yong Phat and his company LYP Group have been ordered to cease all dredging operations on the Tatai river pending a review of the effects by the Ministry of Water Resources and Meteorology. LYP Group currently has a permit to dredge seven areas of ...
http://www.phnompenhpost.com/index.php/2011072250582/National-news/koh-kong-king-halted.html
Beer girls brew Angkor strike
60 some Angkor beer promoters are going to hold a strike outside of the company’s Phnom Penh offices in order to draw attention to the labor violations and discrimination they’ve suffered. The strike is planned to be loud and colorful according to Cham Rong, the ...
Evictees Miss Second Season of Rice Farming
Villagers who were evicted by security personnel in order to make way for Tan Bien-Kompong Thom Rubber Company have missed another growing season as they have not been given land original promised by the government. They were original promised one hectare of land each before ...
Kith Meng re-elected
PROMINENT businessman Kith Meng was re-elected unopposed yesterday as president of the Cambodian Chamber of Commerce. Kith Meng, the only contender who declared his candidacy for the three-year mandate, received support from all 11 candidates eligible to stand. Kith Meng, who is also chairman and chief ...
http://www.phnompenhpost.com/index.php/2011080950932/Business/kith-meng-re-elected.html
Cambrew to pay overtime to beer girls on Monday
Cambrew yesterday paid the beer promoters who went on strike in late July to demand that the company abide by an Arbitration Council ruling earlier that month that said it owed the women three years of overtime for working on Sundays. The company, which is ...
Two more banks setting up shop
The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and Spokeswoman Ngoun Sokha said yesterday. The central bank had licensed Taiwan’s Mega International ...
http://www.phnompenhpost.com/index.php/2011083051333/Business/two-more-banks-setting-up-shop.html
Vietnam top destination for Cambodians
Cambodian outbound tourist departures rose 29 per cent year-on-year through July, with the bulk of the travellers going to Vietnam and Thailand, according to Ministry of Tourism statistics. Nearly 358,000 Cambodian tourists left the Kingdom in the first seven months of 2011, up from about ...
Arbitration council orders an end to strike
The Arbitration Council has ordered more than 700 workers at the Wei Xin garment factory to end a week-long strike they have staged in protest against a spate of issues they have with the company over contracts and payment. A decision handed down on Saturday by ...
ADB can't confirm authenticity of letter
The Asian Development Bank yesterday said it had never authenticated a June 17 letter from Finance Minister Keat Chhon that claimed an ADB consultant urged the government to target advocacy groups critical of an ADB-funded railway project. In a copy of the letter obtained earlier this ...
Coordination of flood aid questioned
As floodwaters across the country remain high after almost two weeks of flooding, tens of thousands of families are still waiting in unsanitary comnditions for emergency supplies such as food and water. But while help trickles down to affected communities, aid groups have begun to question ...
UAE considering Kingdom's rice
Cambodia plans to expand its exports of milled rice and other agricultural products to the United Arab Emirates, Minister of Commerce Cham Prasidh said yesterday. The UAE seeks a replacement for the milled rice it would otherwise import from Thailand, where the worst flooding in decades ...
Ban on Filipino migrant workers suspended
The Philippine government on October 28 issued a ban on its country’s citizens working in Cambodia only to suspend the ban a week later after Filipinos employed here complained, Philippine Ambassador Noe Wong said yesterday. Cambodia was listed by the Philippines Overseas Employment Administration (POEA) as ...
SMEs not yet ready for CSX
Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...
http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html
Cambodia among most deforested countries
Cambodia has one of the world’s highest rates of deforestation, ranking ninth among 180 countries in terms of forest loss during the past decade, according to a new study, which said that economic land concessions and illegal logging were the primary cause for the demise ...
Kingdom's 2011 GDP hits 6.9%
Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ...
http://www.phnompenhpost.com/index.php/2012012754182/Business/kingdoms-2011-gdp-hits-69.html
Child labor drains Kingdom
Child labour was draining the Kingdom’s brainpower and adversely affecting 750,000 of its children, officials at the Ministry of Agriculture, Forestry and Fisheries said yesterday. Speaking at a three-day conference on child agricultural labour, Kaing Khim, deputy director-general of fisheries administration at the MAFF, said ...
http://www.phnompenhpost.com/index.php/2012022354686/National-news/child-labour-drains-kingdom.html
Bank Backs Displaced Families’ Compensation
The Asian Development Bank (ADB), one of the two major financiers of the rehabilitation of Cambodia’s railways, yesterday rejected criticism that they were providing insufficient resettlement packages to residents displaced by the project. On Friday, the ADB released a cost study that showed that the compensation ...