Air France ceases direct Cambodia services
It was a major event for Cambodia. Some 35 years after flying for the last time with a Boeing 707 from Phnom Penh to Paris, French national carrier Air France-KLM was back to the Cambodian capital. The flight was first operated with an Airbus A340-300, ...
http://www.traveldailynews.asia/news/article/50995/air-france-ceases-direct-cambodia
CSX to increase trade times
THE Cambodia Securities Exchange (CSX), the recently established bourse with a single player, will increase the number of trade executions from twice to six times a day, a move that will take effect on March 11. A CSX officer and the managing director of a securities ...
http://www.phnompenhpost.com/2013022861659/Business/csx-to-increase-trade-times.html
Thai jobs serve as siren song
Every day they come in the thousands and crowd under a blazing sun for hours, awaiting a moment that costs them more than two full months’ salary – a passport. And where are they going? “Thailand,” 21-year-old Sem Pheaktra said, squinting under a harsh mid-morning sun. He, and ...
Ninth Master Suki Soup opens in Phnom Penh
The family hotpot-style restaurant Master Suki Soup has opened its ninth restaurant in Cambodia, on Sothearos Boulevard adjacent to Hun Sen Park, with the newly relocated German Fresh Beer brew pub and German menu upstairs. The soft opening took place on Thursday night as Master Suki ...
http://www.phnompenhpost.com/index.php/2012070957286/Business/ninth-master-suki-soup-in-pp.html
Second international machinery fair opens this weekend
The second Cambodia International Machinery Industry Fair 2012 (CIMIF 2012) will kick off this weekend from at the Diamond Island Convention Center in an effort to promote the industry development and foreign investment in Cambodia. It will run for four days from tomorrow to August ...
RPT-World Bank cuts East Asia GDP outlook, flags China risks
The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected “Economic projections for EAP (East Asia and Pacific) are surrounded by ...
http://www.reuters.com/article/2012/10/08/worldbank-asia-outlook-idUSL3E8L81IN20121008
Longan farmers in Pailin plan factory
A co-operative of longan farmers in Pailin plans to build a processing factory to increase export capacity as output and demand rise. Meas Loeurn, the co-operative’s leader, told the Post on Wednesday rising demand from China was prompting growing numbers of farmers to cultivate the fruit. “During ...
http://www.phnompenhpost.com/2013020861252/Business/longan-farmers-in-pailin-plan-factory.html
Local MFIs’ high-tech investment
The first time Leang Horng, a resident of Kandal province’s Saang district, made use of a micro-finance institution, a loan was the only service he needed. At that time, Horng had no idea about deposits or money transfers. But things have changed in the past few ...
http://www.phnompenhpost.com/2013022661599/Business/local-mfis-high-tech-investment.html
UN Security Council bid falls short
After more than a year of bitter campaigning, Cambodia saw its efforts to win one of five non-permanent seats on the UN Security Council fall flat early this morning after the vote went to South Korea. In an election held at the UN General Assembly in ...
Activists’ Jail Sentences Under Review
A Cambodian court is asked to re-examine the jailing of Boeung Kak land activists. Cambodian authorities have asked a court to review the jailing of 13 women involved in a land dispute as protests over their sentences escalated with over 100 demonstrators threatening Thursday to march ...
http://www.rfa.org/english/news/cambodia/boeung-kak-06142012183002.html
Kratie vendors protest pricey relocation site
In an effort to improve Kratie town’s aesthetics, authorities have ordered about 300 shop owners on central roads and along the river bank to relocate their operations or face physical removal. Vendors were given until today to move to a location about a kilometre away, but ...
Koh Rong airport plans foggy
Plans are in place for a new $10 million international airport on Koh Rong island, but questions remain as to when construction would commence and when funding would be available. Designs for the roughly 7,200-square-metre airport terminal, which will consist of Khmer- and resort-style architecture, were ...
http://www.phnompenhpost.com/2013040564911/Business/koh-rong-airport-plans-foggy.html
Sub-Decree Regulating Public Service Is Passed
The Council of Ministers on Friday approved a sub-decree designed to regulate the performance of the government’s administration by chastising institutions that fail to properly carry out their work in delivering public services. Though the legislation does not carry any punishment for officials that fail in ...
Illegal cosmetics chemicals trashed
Government officials yesterday disposed of some 30 tonnes of chemical substances they said Chinese nationals had intended to sell illegally as cosmetics. Long Sreng, deputy chief of the Interior Ministry’s anti-economic crime department, said authorities seized the chemicals – some of which already were falsely packaged ...
http://www.phnompenhpost.com/2013062566459/National/illegal-cosmetics-chemicals-trashed.html
Majority of Unions Reduce Wage Demands
Six of the 10 labor unions negotiating with the country’s garment manufacturers over a new minimum wage for factory workers dropped their demands yesterday to $73 per month, breaking previous commitments by unions to stand at $91. Ken Loo, secretary-general of the Garment Manufacturers Association ...
Too many players vie in Kingdom’s ISP industry
Like the telecommunications industry in Cambodia, the market for internet service providers (ISP), too, is overcrowded, leading industry experts to say that the situation is preventing new investment. Data from the Ministry of Post and Telecommunications showed that at the end of 2012, Cambodia had ...
IMF Says Cambodia’s Economic ‘Takeoff’ Not Yet Sustainable
Government action will be needed to ensure that nearly two decades of impressive economic growth continues in Cambodia, the International Monetary Fund (IMF) said in a report published Wednesday. In its 2013 World Economic Outlook, the IMF put Cambodia’s gross domestic product (GDP) growth for 2012 ...
http://www.cambodiadaily.com/business/imf-says-cambodias-economic-takeoff-not-yet-sustainable-18880/
PTT petrol stations filling up
Thailand’s PTT Cambodia, a subsidiary of the kingdom’s state-owned oil and gas conglomerate PTT Public Company Limited, expects to more than double the amount of petrol stations it manages in Cambodia by the end of 2017, a senior executive in the company said this week. ...
Laura Ma
http://www.phnompenhpost.com/business/ptt-petrol-stations-filling
King To Invite Both Parties to Open Assembly
Following a weekend of opposition demonstrations and rejection of official election results, King Norodom Sihamoni on Monday called for the two political parties embroiled in Cambodia’s post-election deadlock to open a legislative meeting on the Sept. 28 deadline. The opposition Cambodia National Rescue Party has said ...
Sok Khemara
http://www.voacambodia.com/content/cambodian-king-to-invite-both-parties-to-open-assembly/1746288.html
Cambodia sees fewer female lawmakers in upcoming parliament
Twenty-five out of the 123 lawmakers elected during the July 28 national election are female, the official election results have shown. Sunday. The figures indicated that the number of women-lawmakers in the upcoming fifth legislature of the National Assembly is lower than that of the previous ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-09/10/c_132708901.htm