‘Fashion Mobs’ to press for living wage in Cambodia
Christmas shoppers stand to be taken by surprise this month as campaigners take action in shopping centers around Europe to raise awareness of poverty wages of Cambodian garment workers. With these ‘fashion mobs’, they pressure H&M, Inditex (Zara), Levi’s and Gap to introduce a living ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=118895
Cambodia lacks skilled workforce
Against the backdrop of the slight recovery by world economies, especially the US and Europe, two traditional markets for Cambodia, Asian Development Bank (ADB) deputy country director Peter Brimble sat down with the Post’s group business editor, May Kunmakara, to talk about Cambodia’s economic performance, ...
http://www.phnompenhpost.com/2013011160733/CEO-Talk/cambodia-lacks-skilled-workforce.html
Britain’s Fraud Office Probes Biofuel Scheme
A biofuel company is currently under investigation for fraud in the U.K. after millions of dollars of investors’ money was spent on a jatropha plantation in Banteay Meanchey province that never produced even a single drop of biodiesel. The company, London-based Sustainable Agro Energy PLC, had ...
Satellite Shots to Help Settle Deforestation Claims
New satellite images of Oddar Meanchey province promise to help settle wildly conflicting deforestation estimates inside a 64,000-hectare area, which is set to anchor the country’s first forest-based carbon trading scheme. With the project potentially ready to sell carbon credits to foreign firms in a matter ...
The week at the CSX August 2-8
The price of Phnom Penh Water Supply Authority stock from the period of August 2 to 8 remained very stable at KHR6,500 for most of the week after a slight increase from KHR6,400 (US$1.57) to KHR6,500 (US$1.6) on August 3. Trading volumes overall were lower ...
Not all app stores online
Smartphones and the accompanying online stores that sell applications for them may be gaining ground across emerging markets, according to a study conducted by a London-based telecommunications research and analysis firm, but Cambodia’s market is limited by a lack of places to legitimately purchase apps, ...
http://www.phnompenhpost.com/index.php/2012081357948/Business/slow-demand-for-paid-phones-apps.html
'Ransomed' workers returned to Cambodia
All but three of a group of 20 Cambodians who were held against their will on a fishing boat in Thailand had returned after agreeing to pay a fee for “transportation”, a police official said yesterday. The men, believing they were heading to jobs in Koh ...
Cambodian farmers squeezed out
Cambodians like pork. The average Cambodian consumes 9.29 kilogrammes of the meat a year and local farmers have long supplemented their incomes by selling an average of two pigs a year. In 2008, Cambodian farmers supplied around 2 million pigs, more than 90% of domestic demand. ...
http://www.bangkokpost.com/business/economics/314912/cambodian-farmers-squeezed-out
Concerns mount over dam
Sketchy details that fail to specify when construction of the Lower Sesan 2 hydro dam will begin, or name the Chinese company involved, have villagers fearing for their future, representatives and environmental groups say. Since the Council of Ministers announced on Friday it had signed off ...
http://www.phnompenhpost.com/index.php/2012110559575/National-news/concerns-mount-over-dam.html
Risk Of Money Laundering Grows With Economy
With Cambodia currently seen as a country where the laundering of illicit cash may be going undetected, an international expert yesterday warned that economic growth and more international trade could leave the country open to financial crime. Gert Demmink, a former head of supervision at ...
http://www.cambodiadaily.com/news/risk-of-money-laundering-grows-with-economy-14444/
Cambodia enters global marketplace, stock trading begins
After a string of false starts, Cambodia’s stock market finally started trading on Wednesday, marking a significant step forward for an impoverished country blighted by corruption and scarred by decades of civil war. But on Wednesday, traders were reaping fast gains as the price of ...
http://www.reuters.com/article/2012/04/18/cambodia-bourse-idUSL3E8FH30X20120418
Court rules Nautisco solvent
Nautisco Seafood Manufacturing, once Cambodia’s premier seafood-processing company, will not undergo government-brokered restructuring after a Cambodian appeals court yesterday declared the company solvent. The ruling was a first test for the law on corporate restructuring and insolvency. The decision sounds positive for the company. But now the ...
http://www.phnompenhpost.com/index.php/2012061556808/Business/court-rules-nautisco-solvent.html
‘Beaten, unfed’ teen maid dies
A 16-year-old died at Calmette hospital in Phnom Penh yesterday morning after succumbing to an illness she contracted while working in virtual slavery as a maid in Malaysia, her family said. Toch Srey Neth signed up to go to Malaysia as a maid through the now-defunct ...
http://www.phnompenhpost.com/index.php/2012062557002/National-news/teen-maid-dies.html
Focusing on a good user experience
Companies and individuals need to do more than just create technology. They need to optimise the services and goods they provide, especially when introducing new concepts to developing markets such as Cambodia. That was the message from one presenter at last weekend’s T3CON12-ASIA conference in Phnom ...
Cardamom solution remains an option
Dr. Tim Killeen, author of The Cardamom Conundrum, Reconciling Development and Conservation in the Kingdom of Cambodia, discusses his recently released book, which argues that Cambodia is well positioned to reap the benefits of ‘green development’. Why did you select the Cardamom Mountains as the area ...
No Cause for Concern - Experts not worried about decrease in fixed-asset investment
At first glance, the numbers indicate Cambodia’s investment climate has grown a little colder. Conditions appear to be worse than they were a year ago due to a big drop in total fixed assets for approved investment projects. However, economists say the Cambodia outlook is actually ...
Thailand Dam Deal Spurs Court Complaint from Thai Villagers
Villagers belonging to a Thai activist group filed a complaint to Thailand’s Administrative Court yesterday for the cancellation of an agreement form the country’s Electricity Generating Authority of Thailand to buy power from a controversial mainstream Mekong dam in Laos, an NGO representative said yesterday. “According ...
Small Signs Show Investors Slowly Diversifying in Cambodia
The lastest investment data from the government shows that Cambodia’s economy is moving away from the long-trusted staple of the garment sector and into more compplex industries. For more than a decade, garments have accounted for the lion’s share of the country’s export market as investors shied away ...
Cham Families On Riverbank Told to Leave
More than 100 Cham fishing families who moor their boat homes on the banks of Phnom Penh’s Chroy Changva peninsula have been ordered to relocate, with one official saying the fishing boats were spoiling the beauty of the riverbank and the area around the new hotel. “We already ...
The Credit Bureau Cambodia at the five-month mark
Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...