Sihanoukville to be the site of first marina
Russian sailor Andrey Mantula plans to build what he is calling Cambodia’s first marina off the beaches of Preah sihanouk province. Mantula, who has lived in Cambodia for one year, is heading up the project. He expects construction to start on October 1 of this year. ss='cambodia-color'>...
Mekong forest facing sharp decline: WWF
BANGKOK: Demand for farmland may strip the Greater Mekong region of a third of its remaining forest cover over the next two decades without swift government action, a leading conservation group warned Thursday. Forests are being cleared for commodities such as rubber and rice while illegal logging is decimating ss='cambodia-color'>...
http://www.channelnewsasia.com/news/asiapacific/mekong-forest-facing-sharp-decline-wwf/661574.html
Insurance premiums on the rise
The Kingdom’s total insurance premiums rose sharply in the first quarter of the year, compared with the same period the previous year, thanks largely to the growth of the economy and an influx of foreign direct investment, industry insiders said. Official data from the General Insurance ss='cambodia-color'>...
http://www.phnompenhpost.com/2013052765846/Business/insurance-premiums-on-the-rise.html
ILO Initiative Could Unravel Cambodia’s Garment Industry: Manufacturers
A move by the International Labour Organization to name and shame garment producers in Cambodia that flout workers’ rights and safety standards could damage the industry’s reputation and result in a drastic reduction in orders from buyers abroad, according to a senior manufacturing official. Last week, ss='cambodia-color'>...
Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/initiative-10042013150820.html
(English) S. Iswaran leading Singapore team to Cambodia to strengthen business ties
Sorry, thiS entry iS only available in អង់គ្លេស (ស.រ.អ). SS='cambodia-color'>...
The Straits Times News Staff
http://www.straitstimes.com/news/singapore/more-singapore-stories/story/mr-iswaran-leading-singapore-team-cambodia-strenghten-bu
UN: invest in women
Cambodia needed to invest in women to aid its development and integration into the AsEAN economic community, United Nations Under secretary-General Noeleen Heyzer said yesterday. Heyzer, executive secretary of the Economic and social Commission for Asia and the Pacific(EsCAP), met with Minister of Women’s Affairs Ing Kantha ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012082358228/Business/un-invest-in-cambodian-women.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 ss='cambodia-color'>...
http://www.cambodiadaily.com/news/risk-of-money-laundering-grows-with-economy-14444/
Siamese Rosewood Elevated to Protected Status
SiameSe RoSewood, which iS illegally logged and exported from Cambodia in large quantitieS, will be protected internally aS a threatened SpecieS following a deciSion taken in Bangkok yeSterday. A meeting of the 177 countrieS party to the Convention on International Trade in Endangered SpecieS of Wild SS='cambodia-color'>...
Dam firm violated law
The parent company behind a firm constructing the Lower sesan 2 dam in stung Treng has repeatedly violated Chinese law by building “massive” power projects without prior approval, China’s national auditor has found. state-owned China Huaneng Group, of which Lower sesan 2 partner Hydrolancang International Energy ss='cambodia-color'>...
http://www.phnompenhpost.com/2013060566083/National/dam-firm-violated-law.html
Cambodian Exports to EU See Rapid Growth in 2012
Cambodia’s exports to the European Union (E.U.) grew to $2.32 billion in 2012, a 23 percent increase compared to the previous year, according to the E.U.’s latest trade figures. The figures, released this week by the European Commission’s trade office, testify to the region’s growing role ss='cambodia-color'>...
http://www.cambodiadaily.com/news/cambodian-exports-to-eu-see-rapid-growth-in-2012-18329/
Skirmish as factory strike continues
MORE than 4,000 workers at M&V Manufacturing International’s garment factory in Kampong Chhnang province continued to strike for a fourth day yesterday, as a union president urged Prime Minister Hun sen to force the company to reinstate 20 fired workers. Free Trade Union president Chea Mony ss='cambodia-color'>...
Six Brokers Arrested for Trying To Send Workers to Thailand
Six people were arreSted in three Separate incidentS for trying to Send 236 CambodianS into Thailand where they were to work illegally, police Said yeSterday. Prak Saony, Kompong Chhnang provincial anti-human trafficking and juvenile protection bureau police chief, Said that police arreSted five people in a SS='cambodia-color'>...
Anti-competitive behaviour limits Cambodia’s domestic airline industry
Anti-competitive behaviour in Cambodia’s domestic airline industry is limiting its growth, with the relevant authorities “reluctant” to open the domestic market up to competition, an aviation report found. Monopolising this market currently is the country’s flagship carrier, Cambodia Angkor Air, according to a Centre for Aviation ss='cambodia-color'>...
Burger King to Open at Phnom Penh Airport
U.S. faSt-food chain Burger King iS Set to open itS firSt reStaurant in Cambodia next month, an official confirmed yeSterday. AdvertiSementS have gone up at the Phnom Penh International Airport bearing the famouS Burger King logo, with a meSSage Saying that the chain iS “Coming Soon.” SS='cambodia-color'>...
http://www.cambodiadaily.com/business/burger-king-to-open-at-phnom-penh-airport-8309/
Phnom Penh Port Shifts Focus to Cruise Boats
With a new Chinese-built container port on the Mekong River in Kandal province now operational, the existing port in Phnom Penh is undergoing renovations to shift its focus to the growing number of cruise ships docking in the capital, an official said yesterday. Eang Veng ss='cambodia-color'>...
Koh Pich hopes gem fair shines
The five-day Cambodia Gems & Jewelry Fair (CGJF) will kick off on June 14 at the Diamond Island (Koh Pich) Exhibition Centre and will be hosted by the Cambodian Ministry of Commerce in association with Hong Kong’s World Trade Fair Ltd. the CGJF has attracted companies ss='cambodia-color'>...
City brushes off ice factory complaint
Phnom Penh municipal officials Nov. 8, 2012 dismissed the complaints of more than 60 families about a Russei Keo district ice factory’s levels of noise and bad fumes. Following their inspection of the Om Rith factory, a manufacturer of super Ice, officials from Phnom Penh’s Department ss='cambodia-color'>...
Cambodia says LDCs need more time for service industries
Cambodia is aiming to persuade all of the World Trade Organization’s (WTO) least developed country members to propose a further suspension of the opening of their service sectors to the WTO’s rich members as the 2013 deadline for the proposal draws nearer. The least developed countries ss='cambodia-color'>...
World Bank Report Predicts 6.6 Percent Growth
Cambodia’s economy will grow by an average of 7 percent in each of the next five years, the World Bank said yesterday in a report on the country’s economic outlook. In its periodic update on economies in the region, the World Bank predicted gross domestic product ss='cambodia-color'>...
Forum breaks ice, yet more time needed
Long-time foreign members of the Cambodian business community said the Us-AsEAN Business Forum, held on Friday in siem Reap, was largely successful in setting the country in the sights of America businesses, but multinational corporations will need more time in the Kingdom before nailing down ss='cambodia-color'>...