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Kingdom must diversify its economy, ADB says [Interview]
“I think when you have an economy that depends on the agricultural sector, there is a need to ensure that we strengthen the linkages between rural and urban areas. Our work also focuses on promoting education so that we can provide better employment opportunities for ...
Airline ups stake in fuel fight
The dispute that grounded a Tonlesap Airlines plane on Tuesday and stranded more than 200 passengers in Siem Reap and Taipei, Taiwain, continued yesterday, as plane owner Far Eastern Transport upped the sum it claimed Tonlesap owed for fuel. Far Eastern grounded a plane it had ...
http://www.phnompenhpost.com/index.php/2012022354679/Business/airline-ups-stake-in-fuel-fight.html
Worming a Way Into the Agriculture Sector
For 53-year-old farmer Ros Mao, it’s not just the early bird that catches the worm. The Takeo province farmer has raised millions of earthworms for eight years in Tram Trak district, selling the slimy red creatures and using the manure they create to grow his ...
Child labor drains Kingdom
Child labour was draining the Kingdom’s brainpower and adversely affecting 750,000 of its children, officials at the Ministry of Agriculture, Forestry and Fisheries said yesterday. Speaking at a three-day conference on child agricultural labour, Kaing Khim, deputy director-general of fisheries administration at the MAFF, said ...
http://www.phnompenhpost.com/index.php/2012022354686/National-news/child-labour-drains-kingdom.html
Duty calls: Strikers told they must go back to work
The Arbitration Council yesterday ordered protesting workers in Kampong Cham province to return to their factory today, as a union official reported that their numbers had swelled to nearly 3,000 outside the provincial hall in their third demonstration this week over an ongoing labour dispute. Free ...
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 ...
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 ...