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CSX takes another step toward listing companies
The Securities and Exchange Commission of Cambodia has approved in principle the listing of Phnom Penh Water Supply on the Cambodian Securities Exchange, according to the SECC’s website. The announcement fell a step short from listing approval for PPWS, with the SECC requiring additional paperwork, including ...
Hard investment: Chinese firm eyes Kingdom investment
A Chinese company is aiming to invest in cement production in Cambodia, according to officials at the Ministry of Industry, Mines, and Energy (MIME). The China Triumph International Engineering Company (CTIEC) would become one of Cambodia’s biggest cement producers and would invest in the Kingdom, said ...
Chea Mony Resigns from Union Confederation Role
Free Trade Union (FTU) President Chea Mony said yesterday that he has split from longtime colleague Rong Chhun by stepping down from his position in the Cambodian Confederation of Unions (CCU). Mr. Mony said he had resigned on Friday from his position as Secretary-General of the ...
Rubber investments in Kingdom jump 255%
Investment in Cambodian rubber plantations increased by 255 per cent in 2011 on rising global demand for the commodity. There were 20 new projects worth US$675 million in the Kingdom last year, according to data from the Council for the Development of Cambodia. There were nine ...
Shootings May Impact Security Council Bid, Minister Says
Monday’s shooting of protesting factory workers by security guards at a Svay Rieng special economic zone could damage Cambodia’s international reputation and potentially impact the country’s bid for a non-permanent seat on the UN Security Council, Interior Minister Sar Kheng said yesterday Speaking at the opening ...
Cambodia, China willing to further enhance cooperation in all fields: officials
Cambodia and China are willing to further promote bilateral cooperation in all fields in the framework of ASEAN-China relations, officials said Monday. The commitment was made during the official visit of Ma Mingqiang, secretary general of ASEAN-China Center, to Cambodia. In a meeting with Cambodia’s Minister ...
Oz Minerals Sells M'Kiri Gold Assets
After more than three years of disappointment in its search for large gold deposits in Mondolkiri province, Australian mining firm OZ Minerals has decided to sell its Cambodian assets to another Australian company In a statement to the Australian Stock Exchange, OZ Minerals said that it ...
Angkor Village strikers sued
The foreign owner of a luxury Siem Reap hotel has sued four workers he sacked last year, alleging they damaged his property during protests in which they accused him of firing them for unionising. In total, 67 workers were sacked last year by Ankor Village Hotel ...
http://www.phnompenhpost.com/index.php/2012022054601/National-news/angkor-village-strikers-sued.html
Good ties boost investment, trade, tourism between Cambodia, China
The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries’ good relations, said officials Friday. Cambodia attracted China’s investments of 1.19 billion U.S. dollars in 2011, up 71 percent from ...
http://news.xinhuanet.com/english/china/2012-02/17/c_131416641.htm
Two Months In, Demand for Coastal Flights Low
SIHANOUKVILLE – Two months after Cambodia Angkor Air (CAA) began operating flights between Siem Reap and Sihanoukville, demand for the route is not covering the national carrier’s costs, with planes running at little over half their capacity, an official at the airline said. CAA decided to ...
Workers Call For Factory Official to Go
More than 1000 factory workers protested in Phnom Penh yesterday outside the Sun Well Shoes Company factory in Pur Senchey district, demanding higher wages and the dismissal of the factory’s administration chief, union representatives said. Tep Saroeun, a union representative at Sun Well Shoes Company in ...
Backing sought for coal-fired power plant
A Thai energy firm has completed a study for a 1,800-megawatt coal power plant in Koh Kong province, and had asked for Prime Minister Hun Sen’s support in furthering the project, government officials confirmed yesterday. The plant would be the largest power generator in the energy-starved ...
Budget fears as TB figures fall
Health officials and workers are concerned about budget shortages for the treatment of tuberculosis in the Kingdom as new data reveals that prevalence of the disease has declined 37 percent from 2002, officials said yesterday. Mao Tan Eang, director of the National Centre for Tuberculosis and ...
Chinese company invests Media system in Cambodia
Chinese businessman Cha intor and president of coal mining group from China decided to invest the opening of Khmer economic magazine in Phnom Penh to boost the close ties for China and Cambodia and also it will enhance traditional media in the country. The announcement ...
Gas prices at all-time high
Gasoline prices in Cambodia hit an all-time high on Friday, stoking fears of limited fuel reserves and increasing production costs at some of the Kingdom’s businesses. Premium gasoline sold for $1.40 per litre last week, surpassing the $1.38-per-litre price during the global economic slump at the ...
Oil production delayed
The Kingdom’s much-hyped deadline of tapping its first oil reserves by December 12 2012, or 12-12-12, will not be met, a government spokesman said yesterday. Chevron Overseas Petroleum (Cambodia) Ltd, which is now exploring the Kingdom’s offshore Block A in the Gulf of Thailand, has notified ...
Last of Boeng Kak land titles still weeks away
The last of the nearly 800 families from Phnom Penh’s Boeng Kak community who are in line for land titles will not receive their long-awaited ownership records for another “two or three weeks”, a city official said yesterday. The families were spared eviction at the hands ...
Shrimp firm in dispute with equity fund
Nautisco Seafood Manufacturing Inc, a Canadian-Cambodian shrimp producer in Preah Sihanouk province, has accused the private equity fund Leopard Capital, one of its shareholders, of draining the company of its finances. In a statement released Friday, Nautisco said that Phnom Penh Municipal Court had ordered the ...
US supports $2.7m in loans for agriculture
The US government is working with a Cambodian microfinance institution to finance $2.7million in loans to farmers and small- and medium-sized agro-businesses in Battambang, Kompong Thom, Pursat and Siem Reap provinces in order to improve their access to credit, the US Embassy said. USAid will work ...
Cambodia eyes Iranian oil imports
Deputy Prime Minister Sok An has told Iran’s ambassador to Cambodia that once an oil refinery in the country is operational, Cambodia would be able to import crude oil from Iran and export refined oil products to China, the Council of Ministers said on its ...
Dwindling water supplies put dry-season rice haul in danger
Dry-season rice farmers in some areas west of the Tonle Sap River and in eastern provinces are appealing to the government for help as the reservoirs they rely on for irrigation are drying up faster than usual, farmers and officials said yesterday. Officials at the ministries ...
Free mother, protesters urge
More than 300 villagers from two districts in Kampong Speu province joined forces yesterday to protest in front of the provincial court over two land disputes, vowing to continue until authorities resolved them and released a mother of seven jailed last month after she had ...
http://www.phnompenhpost.com/index.php/2012012754191/National-news/free-mother-protesters-urge.html
Factory for named brands slammed for faintings
Low wages and a lack of occupational health and safety measures led to a mass fainting on Tuesday at a Phnom Penh garment factory that produces clothes for well-known brands Wal-Mart, Target and Reebok, according to a statement released by the Community Legal Education Center ...
Deforestation for Sesan River dam project ceases, for now
Workers who were seen last week clearing forestland in Stung Treng province in preparation for the construction of the 400-megawatt Lower Sesan 2 dam have stopped their work after receiving an order to do so by the district governor, officials said yesterday. Sesan district governor Bou ...