Arbitrator Rules On Future of Gold Tower 42
Arbitrators in Seoul have ruled that the company contracted to build the $240 million Gold Tower 42 project in Phnom Penh was in breach of contract after failing to raise funds to finish the project, which resulted in work stopping almost two years ago, a ...
Gourmet Peanut Producer Brings Local Foods Into the Spotlight
Working out of the back of her home in Russei Keo district, Sothearith Neou and a half dozen of her friends and family roast, caramelize and add herbs to gourmet peanuts from 7 a.m. until late at night—trying to fill a seemingly endless number of ...
Garment Worker Demonstrations Pay Dividends
At the M&V International Manufacturing Factory in Kompong Chhnang province last week, 5,000 workers filed through the gates, sat behind their neat rows of sewing machines and refused to work. A year earlier, hundreds of female workers had fainted at the factory after complaining of ...
Sonando Jailed for 20 Years; Sentence Denounced
The Phnom Penh Municipal Court handed down a 20-year jail sentence to independent radio station owner Mam Sonando yesterday for his role in fomenting an alleged secessionist movement in a decision drawing condemnation from human rights groups and some of Cambodia’s main foreign donors. The court ...
New outsourcing players challenge export giants
Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms of the ...
High Costs Cripple Trading Firms, Report Says
Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...
Disputed land to be returned to villagers
More than 8,000 hectares of land was cut from economic and forest land concessions owned by some of the country’s biggest tycoons and awarded to villagers last month, according to documents from the Council of Ministers. Four sub-decrees signed by Prime Minister Hun Sen order that ...
http://www.phnompenhpost.com/2013012160890/National/disputed-land-to-be-returned.html
Stocks still an unknown for many Cambodians
Despite interest in participating in the stock market, confusion as to how and where to invest in the Cambodia Securities Exchange still persists among many Cambodians without close ties to or backgrounds in trading. After the much-anticipated and long-delayed launch of CSX trading last week, Soun Sokret, an ...
Cambodia's gems and jewelry sector set to shine
Inside a nondescript villa in central Phnom Penh, men and women in white lab coats peer through lenses, carefully studying the magnified objects in front of them. But these aren’t biologists researching cell division or bacteria; these are gem testers concerned with inclusions and refractive indices on rubies, sapphires and other precious stones. They are working ...
Senator Tries to Settle Court Case With Cash
CPP Senator Ly Yong Phat visited families embroiled in a long-standing land dispute with a Thai-owned sugar company on Monday in an attempt to convince them to drop their complaints against the firm at the court, villagers and officials said yesterday. The visit comes as pressure ...
Cambodia explores carbon
Prices in the global carbon market are too low to provide an incentive for Cambodian businesses to engage in carbon offset schemes, but there are other options for businesses to gain funds for emission reduction, industry experts say. Speaking on the sidelines of a two-day educational ...
http://www.phnompenhpost.com/2013061166181/Business/cambodia-explores-carbon.html
Google Launches Khmer Translation Service
Internet search giant Google on Friday launched a new service that for the first time allows users to instantly translate Khmer script into other languages. Khmer is the most recent addition to the 66-strong collection of languages between which words, sentences or whole websites can be ...
http://www.cambodiadaily.com/news/google-launches-khmer-translation-service-19417/
Moving towards e-commerce
Motorbikes, vegetables, iPhones, artwork, or even land on which to build a house – a quick browse through website 7Makara.com gives the impression of a Cambodian eBay or Amazon. The difference, however, is that you can’t complete the transaction from the convenience of your bedroom. In ...
http://www.phnompenhpost.com/2013061266208/Business/moving-towards-e-commerce.html
ASICS Compensates Killed Workers’ Families
Japanese sports brand ASICS has agreed to pay compensation to the families of victims who died in a factory collapse in May, a brand representative said. ASICS Corporation managing executive officer Ron Pietersen, who arrived in Phnom Penh on Friday, said the company profoundly regretted the ...
http://www.cambodiadaily.com/news/asics-compensates-killed-workers-families-33793/
AKP Corrects Report on Call for International Vote Probe
Information Minister Khieu Kanharith on Thursday clarified that Prime Minister Hun Sen did not express willingness to see international involvement in an independent investigation into election irregularities, after state media incorrectly reported to the contrary. State news service Agence Kampuchea Presse (AKP), which operates out of ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/akp%E2%80%88corrects-report-on-call-for-international-vote-probe-38139/
Kids beaten over ELC
Five men working for Ratanakkiri rubber concessionaire DM Group, including a soldier, have been arrested for allegedly beating a villager and his children – one of whom, doctors say, may not survive – in a scuffle over their family’s land, the father said yesterday. Police confirmed ...
http://www.phnompenhpost.com/2013050665430/National/kids-beaten-over-elc.html
Father Suing Rubber Firm for Beating His Three Children
The father of three children attacked with wooden sticks and steel poles by employees of well-connected DM Group in Ratanakkiri province has filed a lawsuit against the firm, and is asking for tens of thousands of dollars in compensation. .. The provincial court has charged the ...
http://www.cambodiadaily.com/news/father-suing-rubber-firm-for-beating-his-three-children-22805/
Cambodian police clash with thousands of garment workers, 23 hurt
At least 23 workers were hurt in Cambodia on Monday when police using stun batons moved in to end a protest over pay at a factory that makes clothing for U.S. sportswear company Nike , a worker and a trade union representative said. Police with riot ...
http://www.reuters.com/article/2013/05/27/cambodia-garments-workers-idUSL3N0E829T20130527
Satellite cities a solution for overcrowded Phnom Penh
The coming sprawls of Phnom Penh’s new satellite cities will bring about not only opportunities but also challenges for the population. “Any urban area has to sprawl outside the main city areas so that it can keep up with the increasing demand of commercial land,” said ...
Cambodia low on energy ranking
Low electrification rates and over-dependence on fossil fuel imports have contributed to Cambodia’s abysmally low ranking in the new World Economic Forum’s Global Energy Architecture Performance Index Report for 2014. Cambodia ranked 120 out of 124 nations, with a so-called Energy Architecture Performance Index (EAPI) score ...
Eddie Morton
http://www.phnompenhpost.com/business/cambodia-low-energy-ranking