Officials say Cambodia's price rises manageable
Cambodia’s inflation rose by 5.49 per cent year-on-year in the first quarter of the year, due to increases in food and fuel prices, according to the monthly data from the National Institute of statistics compiled by the Post. However, economists and government officials said they were ss='cambodia-color'>...
Local Police Try to Shut Down Land Meeting
Local police in Ratanakkiri province’s Veun sai district yesterday tried to shut down a community meeting in which villagers were being educated about land rights, because it was being held without permission, rights workers said. According to Pen Bonnar, provincial coordinator for rights group Adhoc, two ss='cambodia-color'>...
Forest activists name names
Villagers who claim their patrols last week uncovered criminal activity in Prey Lang forest presented the government yesterday with a list of 15 people they say are illegally logging in the area. Reoun sopheap, a representative of about 100 villagers from Kampong Thom province’s sandan district, ss='cambodia-color'>...
China's ICBC offers RMB transfers
A new banking settlements system called CHANCEs, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the AsEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCEs system stands for ss='cambodia-color'>...
Families complain to volunteers
Twelve families from Koh Kong province on Nov. 6 filed a complaint with Prime Minister Hun sen’s youth volunteers and the Department of Land Management, requesting assistance in a land dispute with businessman, Heng Huy. Pok Yon, the families’ representative, said that earlier this year, Heng ss='cambodia-color'>...
Tractor imports decrease, but experts not concerned
Tractor imports fell by 24 per cent last year, a significant decrease from 44,993 units in 2011 to 36,301 units, according to recent statistics from the Ministry of Economy and Finance. Although the cultivation of some crops in the Kingdom has increased, analysts said yesterday ss='cambodia-color'>...
Manulife To Use Tuk-Tuks to Promote Services
Canada-based life insurance company Manulife Cambodia will launch a big advertising campaign on tuk-tuks this year to raise awareness of its services. Manulife Cambodia chief executive Robert J Elliott said the campaign would begin with 75 tuk-tuks. He believes between one and two million people ss='cambodia-color'>...
Less palm sugar due to production delay
Kampong speu palm sugar production is projected to decrease slightly this year due to a late start, though prices are expected to rise thanks to the sugar’s growing popularity following its geographical indication certification. Despite the drop in production, Hong Hoeung, director of Kampong speu Palm ss='cambodia-color'>...
http://www.phnompenhpost.com/Business/less-palm-sugar-due-to-production-delay.html
Retail space to triple: report
The supply of shopping centre space in Phnom Penh is set to triple in the next five years, according to a CBRE Cambodia report, and one insider said the jump in higher-end retail venues would come even sooner. A Parkson Corporation sdn Bhd shopping centre, one ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012060456561/Business/retail-space-to-triple-report.html
Vietnamese bank to extend operation
Vietnamese Bank sacombak (Cambodia) Plc, a wholly-owned subsidiary of sacombank in Vietnam, will extend its operation in the Cambodian financial market, according to a bank official. Nguyen Nhi Thanh, CEO and President of sacombank in Cambodia, said during the first anniversary celebration after the bank’s transformation ss='cambodia-color'>...
Local markets still favorite
Markets like Olympic and O’Russey in Phnom Penh and the traditional fresh food markets in cities and towns across Cambodia are where the overwhelming majority of Cambodians get not only the food they eat, but also the basic household products they use. The shopping behavior data, provided by ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012100559118/Business/local-markets-still-favourite.html
ADB cites weaknesses of microfinance sector
THE PHILIPPINES iS one of the leading countrieS in microfinance policy and regulation in ASia but it Still lagS in termS of Scale and reach to the poor, the ASian Development Bank (ADB) Said. “Of the 21 countrieS with ADB Support during 2000-2010, ADB&rSquo;S effortS were SS='cambodia-color'>...
Cambodia's Trade Deficit Grows to Almost $2 Billion
Cambodia’s trade deficit reached $1.99 billion through the first nine months of the year, an increase of 33 percent compared to the same period in 2011, according to data released by the Ministry of Commerce on saturday. Chinese state news agency Xinhua reported that the total value ss='cambodia-color'>...
Decorative plants are more popular than ever, but most are imported
Sar Botra haS alwayS liked gardening. The front yard of hiS houSe, an exploSion of flowerS and plantS, makeS it clear that he&rSquo;S got a very green thumb. He uSed to Spend a lot of time with hiS plantS after work or on the weekendS, SS='cambodia-color'>...
Regus Opens in Cambodia, Expands Footprint to 99 Countries
Regus, the world’s largest provider of flexible workplaces is offering a helping hand to local and international businesses in Cambodia, with the launch of its first business centre there. The flexible workspace at the center enables companies of all sizes to expand their presence in ss='cambodia-color'>...
Farmers biggest source of investment in agriculture
Despite attention from Foreign Direct Investment (FDI) and official development assistance, farmers are by far the largest source of investment in agriculture, the state of Food and Agriculture 2012 report by the Food and Agriculture Organization published last week said. Farmers in low and middle income ss='cambodia-color'>...
Unionists cry foul over rejection
K-Cement workers who were told they could not form a company-wide union because their workplaces were “separate” entities have now had their application to register individual unions rejected by the Ministry of Labour, union leaders said yesterday. sok Kin, vice president of the Building and Woodworkers ss='cambodia-color'>...
http://www.phnompenhpost.com/2013020161139/National/unionists-cry-foul-over-rejection.html
Trade with Vietnam grows
Bilateral trade between Cambodia and neighbouring Vietnam increased by more than 10 per cent last year on the previous year, according to data from the Vietnam Trade Office in Cambodia. The data showed that total trade volume was $3.3 billion between January and the end of ss='cambodia-color'>...
http://www.phnompenhpost.com/2013022761641/Business/trade-with-vietnam-grows.html
Mfone Workers Demand $4.4M Compensation
About 200 former employees of bankrupt mobile phone operator Mfone yesterday protested outside the company’s shuttered offices, asking for the help of Prime Minister Hun sen in the fight to get more than $4 million in compensation from the company. Mfone declared itself insolvent in ss='cambodia-color'>...
Million-dollar machine sweetens outlook
Local food producer Ly Ly Food Industry had invested about $1 million for a Chinese-made machine to improve production and food quality as it prepared for the coming regional economic community, the company’s owner said yesterday. Keo Mom said a tremendous amount of goods from neighbouring ss='cambodia-color'>...
http://www.phnompenhpost.com/2013032164553/Business/million-dollar-machine-sweetens-outlook.html