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Manulife Enters Cambodia Market With Phnom Penh Office
Manulife Financial Corp. (MFC), Canada’s largest insurer, has opened an office in Phnom Penh, Cambodia, its first in the Southeast Asian nation. Manulife has about 40 people in its Cambodian unit, the Toronto-based insurer said today in a statement. ...
http://www.bloomberg.com/news/2012-06-28/manulife-enters-cambodia-market-with-phnom-penh-office.html
City Defends Boeng Kak Project, Attacks Critics
The filling of Boeng Kak lake and the eviction of thousands of residents was necessary to root out the “prostitutes and terrorists” that were drawn to the area’s once-popular tourist zone, the Phnom Penh Municipality said in a statement yesterday. In a statement posted to its ...
Trade, Tourism To Get Boost Along Phnom Penh-Bangkok Route
Cambodia and Thailand are poised for a boost in trade and tourism following a new agreement taking effect today that simplifies procedures at a key border crossing between the two nations. “The ability to move people, goods, and vehicles across borders efficiently and responsibly is at the heart of regional economic integration,” said Craig Steffensen, ...
Bo Xilai associate arrested in Phnom Penh
Cambodian authorities yesterday arrested French architect Patrick Devillers – friend and business associate of disgraced Chinese politician Bo Xilai – and may be moving to extradite him to China to face unspecified charges there, police said. Phnom Penh Police Commissioner Touch Naroth confirmed the arrest to ...
In Phnom Penh, the Vespa Comes Back 'Officially'
“Vespa was in Cambodia before the war [and] Piaggio wanted to come back to the market in Cambodia, because the market is growing,” explained Frederic Bachelet, head of business development at Narita Vespa Co. Ltd. The company plans to break ground next week on ...
Thailand, Cambodia launch direct bus services linking Bangkok, Phnom Penh
Poipet – Thailand and Cambodia on Thursday launched direct bus services linking Bangkok and Phnom Penh via the Aranyaprathet-Poipet border crossing, aiming to cut transportation costs, MOCT reported on June 15. Transport Minister Jarupong Ruangsuwan and Cambodian Public Works and Transport Minister Tram Iv Tek and representatives of the Asian Development Bank (ADB) co-presided at the ...
Direct Bangkok-Phnom Penh Bus Route Officially Opens Commences
Starting today, 22 Cambodian buses and a truck will be allowed to transport passengers and goods directly between Phnom Penh and Bangkok, an official said yesterday. “We will officially open the Poipet International Checkpoint [to buses and trucks] on the Thai border,” said Suon Vanhong, deputy ...
Bangkok- Phnom Penh Operate Direct Bus
The Phnom Penh and Bangkok bus companies will start operating their business this week in a move to integrate the ASEAN region and boost the facilitation of traveling between the two kingdoms, with a hope of attracting more tourists. “The bus link between Phnom Penh and Bangkok will begin this week, Transport Minister, Tram ...
Phnom Penh Autonomous Port to push rice exports
Phnom Penh Autonomous Port plans to buy a rice-polishing machine from China, and will also look to build a rice storage facility in Kandal province. These moves, officials said, were intended to push along Cambodia’s rice trade during a period of uncertainty for the industry. Facilities ...
http://www.phnompenhpost.com/index.php/2012060856663/Business/ppap-to-push-rice-exports.html
Workers' protest in Phnom Penh pays off
Garment workers who claim their employer was docking their pay for wearing shoes on the job will return to work today after their two-day strike ended with some demands being met. More than 300 workers from Horus Industrial Corp sportswear factory in Phnom Penh’s Meanchey district ...
http://www.phnompenhpost.com/index.php/2012060856672/National-news/strike-action-pays-off.html
Phnom Penh Garment Factory Protest Resolved
More than 4,000 workers from two Phnom Penh garment factories belonging to a company that supplies international brands Gap, H&M and Levi Strauss returned to work yesterday after reaching an agreement with owners, union and factory representatives said yesterday. Eah Chip Eang, personnel manager for SL ...
Eviction worry delays Phnom Penh mega project
The developer of Phnom Penh’s US$1.6 billion Chroy Chungva City project has said ground would not be broken this year, raising questions about the future of the satellite city. Overseas Cambodia Investment Corporation (OCIC) will delay the Chroy Chungva City project after what a local Chinese ...
New Phnom Penh Overpass Will Affect About 100 Families
More than 60 families will have their homes destroyed to make way for a new overpass in Phnom Penh’s Meanchey district once construction begins in June, according to a statement posted Saturday on the city’s website. The overpass spanning Monireth Boulevard will displace 66 families and ...
President Obama Expected to Attend Summit in Phnom Penh
A senior White House official has again indicated that U.S. President Barack Obama is expected to attend the East Asia Summit in Phnom Penh in November. U.S. Assistant Secretary of State for East Asia and Pacific Affairs Kurt Campbell reiterated Mr. Obama’s plans to attend the ...
To Phnom Penh Relief, Dam Starts Operating
The Kirirom III Hydropower Station in Kompong Speu province started operating last month, providing 18 megawatts of electricity to both Kompong Speu and Phnom Penh, an official at state-owned Electricite du Cambodge said yesterday. The additional power from the $47 million dam will help alleviate Phnom ...
Workers Pledge to Continue Strike Action in Phnom Penh
Garment factory workers on Saturday blocked Street 371 in Phnom Penh’s Meanchey district for the second day and said they will continue their strike today unless factory managers give in to their demands. During Saturday’s strike action, more than 3,000 workers from the S.L. Garment Factory ...
Phnom Penh's restaurant landscape changing
With the arrival of many new restaurants and coffee shops in Phnom Penh, the complexion of the food and beverage market is swiftly changing, according to restaurant owners. Tea Club owner SP Loh said existing restaurants had to work harder to retain their customers in light ...
http://www.phnompenhpost.com/index.php/2012052156270/Business/restaurant-landscape-changing.html
Partners Help Urban Food Security Project In Phnom Penh
PHNOM PENH: Fisheries Administration and FAO launch the Inception Workshop on Micro and Small Enterprise Development to Achieve Food Security, Food Safety and Self Reliance for Urban Poor in Phnom Penh, citing that it will help local community. At the workshop, H.E. Kao Sochivy, deputy director general of fisheries department said: “urban food security project ...
Demand slow for Phnom Penh office space
Slow demand for office space in Phnom Penh is leaving the owners of high-rise buildings constructed in recent years struggling to find clients, according to real estate experts. But construction of the Vattanac Capital Tower, a $150 million, 36-story building slated to open its first ...
Replacement for Toll’s Kerr has arrived in Phnom Penh
Toll Royal Railways chief executive David Kerr is on track to leave Cambodia by the end of the month, according to his expected replacement. Bobby Luow, a 40-year veteran of the rail industry, mainly in South Africa, told the Post he had been brought in to ...
Trucks Banned on Phnom Penh Streets for Duration of Summit
Phnom Penh City Hall has banned all trucks transporting goods and gasoline from traveling on the city’s roads in daytime hours to ease traffic during the Asean Summit, according to a notice placed on the municipality’s website Saturday. The Ministry of Education has also told 12 ...
Phnom Penh Residents Asked To Reduce Electricity Usage
State-run Electricite du Cambodge (EdC), the main provider of electricity in the country, has appealed to residents of Phnom Penh to reduce electricity use due to a power shortage, an EdC official said yesterday. The company is only able to produce 70 percent of the city’s ...
Phnom Penh Cleans Up Prior To Next Week’s Asean Summit
In addition to security and public order initiatives in the lead-up to next week’s Asean Summit, Phnom Penh authorities said yesterday they would be redoubling their “clean city” efforts. “We’re keeping security and order, and we asked Cintri [waste disposal company] to double the numbers of ...
60,000 Evicted in 2011 Alone; Majority From Phnom Penh
Nearly 60,000 people were forcibly evicted from their homes last year alone, often being moved to inadequate relocation sites where they face unemployment and rising debt levels, according to a report by rights group Adhoc released yesterday. A total of 59,904 people from 127 communities were ...