Workers at Honda Plant Given Back Their Jobs
A factory in Phnom Penh that assembles motorcycles for Honda decided on Friday to reinstate four workers who had been fired in December for creating a new trade union. About 300 workers at the Honda NCX Company in Pur Senchey district had been on strike since ...
'Hong Kong Land' Project Pushed Back to 2013
Property development firm Hongkong Land (HKL) will not break ground on a 10,700-square-meter mixed-use office and retail project in Phnom Penh’s Daun Penh district until at least 2013, officials at the firm said Thursday. HKL acquired the property behind the U.S. Embassy in April 2011 as ...
Service sector eyes AEC's pot of gold
Thai small and medium-sized enterprises (SMEs) in the auto services, logistics, software and medical tourism sectors are tipped to see massive growth opportunities once the Asean Economic Community (AEC) is set up. Industry Minister M.R. Pongsvas Svasti said Thailand’s service sector, which accounts for 30% of ...
http://www.bangkokpost.com/business/economics/309110/service-sector-eyes-aec-pot-of-gold
Cambodia ripe for more exports
Cambodia offers plenty of opportunities for Vietnamese exporters although there is intense competition from countries such as Thailand and China, delegates said at a conference in HCM City last Thursday. Le Quoc Phong, general director of the Binh Dien Fertiliser Group, said the Cambodian market had ...
http://vietnamnews.vnagency.com.vn/Economy/226853/cambodia-ripe-for-more-exports.html
Reported Cases of Land Grabbing Decrease
The number of new land disputes reported in the first six months of this year decreased by 38 percent compared to the same period in 2011, according to data released by rights group Licadho last week. According to the figures, which represent 15 of the country’s ...
Men Sarun to export canned noodles to the US and ASEAN
The producer of Mee Yeung instant noodles is set to expand its business by investing US$1 million in equipment to produce noodles for export, said a company official. The new machines will be delivered from China and will be able to produce 6,000 cases or ...
Phase Two of Sen Sok Town to begin soon
The second phase of Sen Sok Town, located in Sangkat Phnom Penh Thmai Khan Sen Sok, is slated to start shortly, after it has finished about 70 per cent of its first project. The two projects are worth about US$35 million. The company plans to start the ...
http://www.phnompenhpost.com/index.php/Real-Estate/phase-two-of-sen-sok-town-to-begin-soon.html
Cambodia: Prime Minister Hun Sen Mocks Land Dispute
Cambodian Prime Minister Hun Sen mocked a group of ethnic minority villagers who tried to petition him on Friday about their land dispute in northern Cambodia’s Rattanakiri province, after they were stopped from presenting their complaint during his visit on a land-titling campaign. Hun Sen was ...
http://www.eurasiareview.com/08122012-cambodia-prime-minister-hun-sen-mocks-land-dispute/
Businesses Told to Close for 8 Days for King Father's Funeral
Business owners in Phnom Penh’s Daun Penh district yesterday said they will not follow a government directive to close their businesses for eight days in observance of the second mourning period for the late King Father Norodom Sihanouk. The order, which was distributed on Sunday to ...
Local brokers still manipulate prices: farmers
Farmers have expressed concern over local brokers’ manipulation of the market during harvest season, reducing buying prices for farmers who have no access to actual market rates. While some farmers have already completed their harvests, others have left their fields barren, fearing brokers will reduce ...
http://www.phnompenhpost.com/Business/local-brokers-still-manipulate-prices-farmers.html
Villagers getting ready for DM Group hearing
The Ratanakkiri Provincial Court has issued letters to 11 ethnic Tampuon villagers from the province’s Lumphat district, instructing them to prepare for a hearing over accusations of using violence on the property of rubber company DM Group. DM Group first began setting up rubber plantations in ...
Laos, Cambodia aim to address illegal border issues
Illegal border movements, illegal logging, drug trafficking, illegal fishing and unofficial cross border trade are among the issues being confronted by Laos and Cambodia along their shared border at the moment. The report was made during a meeting held between Champassak provincial authorities from Laos and ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YzA1YzU0ODk0ZDM
Web hacks a risk for banks
Growing cyber attacks on government institutions and infrastructure could pose a threat to Cambodia’s vulnerable banking sector, officials with the National Cambodia Computer Emergency Response Team (CamCert) said yesterday. Speaking at the fifth annual Banking and Microfinance Conference at the Intercontinental Hotel in Phnom Penh yesterday, ...
http://www.phnompenhpost.com/2013060766124/Business/web-hacks-a-risk-for-banks.html
Renewable energy course powers up
Instructors at the Royal University of Phnom Penh have just finished the first academic year of a landmark physics course. Launched in the fall of 2012, “Renewable Energy and Applications” aims to train students so they can seek internships and jobs in one of Cambodia’s fastest-growing ...
http://www.phnompenhpost.com/2013061366236/Business/renewable-energy-course-powers-up.html
Diversify crop exports: official
CAMBODIA needs greater diversification of its exports – especially in the agricultural sector – in order to achieve sustainable economic growth, a senior official said yesterday. Economy and Finance Minister Keat Chhon raised the issue during the annual meeting of the Ministry of Commerce. Commerce Minister ...
http://www.phnompenhpost.com/2013032062041/Business/diversify-crop-exports-official.html
Tourism not competitive
Cambodia ranks last in travel and tourism competitiveness among eight Southeast Asian countries, according to a recently published study by the World Economic Forum. The Travel and Tourism Competitiveness Report 2013, which excluded Laos and Myanmar, said Cambodia comes 106th out of 140 countries this year, ...
http://www.phnompenhpost.com/2013040964952/Business/tourism-not-competitive.html
Nike calls for probe on Cambodian police clash with garment workers
Nike expressed “deep concerns” over the May 27 incident at the Sabrina Cambodia Garment Manufacturing plant outside Phnom Penh, in a letters to Cambodia’s commerce and labour ministers released late Friday in the United States. Following the violence, eight workers and trade union members were ...
Pailin gets $4m feed processing warehouse
Chea Kea, owner of the Daimond Crown casino on the border with Thailand in Pailin province, is investing in a $4 million feed processing warehouse that will also be used to store commodities and house farm animals. Construction on the warehouse, which is expected to ...
http://www.phnompenhpost.com/2013070366629/Business/pailin-gets-4m-feed-processing-warehouse.html
Residents Rally At Palace For Release Of Land Activist
Around 30 residents from Boeung Kok, Borei Kei and Thmor kol communities gathered and knelt down Monday in front of the Royal Palace to seek intervention from the King to release jailed land activist Yorm Bopha. In the petition, they asked him to intervene the ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=OWNiYWVhYmQ4ZmM
Bank to join growing group from Taiwan
Taiwan-based Shanghai Commercial & Savings Bank Ltd plans to open a representative office in Cambodia, joining an increasing number of Taiwanese banks and garment industry investors in the Kingdom. Shanghai Commercial & Savings would enter a crowded sector, behind other Taiwanese-based financial intuitions [sic]. Hua ...
http://www.phnompenhpost.com/2013061366235/Business/bank-to-join-growing-group-from-taiwan.html