ព័ត៌មាន
Seoul Court Releases CEOs Tied to Local Projects
The chief executives of two companies behind major developments in Cambodia-who were jailed in Seoul in February for their part in a major South Korean financial scandal-have been partially cleared and released, according to a court official. Lee Sang-ho – the CEO of World City Co. ...
Businesses know little of the letter of the law
Cambodia entrepreneurs faced considerable problems when it came to obeying tax laws and other regulations, officials at a seminar about that very subject said yesterday. The VDB Loi company organised the seminar on “New Practices and Preferential Trade Rules” with the co-operation of the General Department of Customs and ...
Multiple injuries as building collapses
Questions are being asked after an unfinished factory collapsed in Kandal province yesterday, injuring 16 construction workers, some seriously. Commune chief Nou Len told the Post shoddy workmanship was to blame for the collapse of the half-finished 120 by 70 metre factory on land owned ...
Quote 'Out of Context' Says Women's Minister
Women’s Affairs Minister Ing Kantha Phavi said yesterday that comments she made in a radio broadcast last week, in which she appeared to blame female Boeng Kak protesters for bringing police violence on themselves, were taken out of context from a radio interview given some ...
Customs to Give Preference to Trusted Firms
The department of customs and excise will begin certifying companies it deems trustworthy so that their goods have easier passage across Cambodia’s borders, an official said yesterday. Traders will receive ranks based on compliance with customs rules, he [Nuom Chanrith, the director of planning at the Finance Ministry’s general ...
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, ...
Workforce Must Improve to Compete in Asean Bloc
Cambodia’s workforce must quickly improve its skills base if it is to compete with other countries in the region when the Asean bloc becomes a single market in 2015, officials said yesterday at a seminar held in Phnom Penh. When the Asean Economic Community goes ahead in ...
Farmers finger canal for paddy woes
Time is running out for 300 hectares of rice fields in the Baray district of Kampong Thom facing water shortages from a poorly repaired canal, according to affected villagers. The Ministry of Water Resources took two years to restore the more than 30 kilometre-long canal with ...
Garment Workers Rally for Third Day to Sack Factory Manager
More than 2,00 female workers from a factory in Phnom Penh that makes clothes for the U.S. brand Gap protested yesterday for a third straight day demanding that the firm sack a manager at the factory for allegedly abusing workers. Lining Russian Boulevard near the Ocean ...
Another mass fainting, but H&M 'not to blame'
The second mass fainting in a month at Kampong Chhnang’s M&V garment factory, a supplier for global retailer H&M, saw 23 women taken to hospital yesterday, bringing the total number of affected workers in August to 67. Noun Sam Ol, president of the Free Trade Union ...
Sumitomo Mitsui bank returns to Kingdom after 45 years
Sumitomo Mitsui Banking Corporation (SMBC) of Japan will sign a memorandum of understanding with Acleda Bank Plc this weekend for mutual business co-operation. Senior Acleda officials said the agreement would help to improve investment and trade from Japan to Cambodia. Acleda will also give Japanese investors and businesses advice ...
Opportunities, challenges for ASEAN
Cambodia will face both challenges and opportunities when the ASEAN Economic Community (AEC) combines its 10 countries into a single market for economic development, a move intended for 2015, officials said during a round-table discussion yesterday. Sok Siphanna, an adviser to the Ministry of Foreign Affairs and ...
Rail freight services begin
Railway freight services between Phnom Penh and Touk Meas commune, in Kampot province’s Banteay Meas district, the location of a Siam Cement factory about 40 kilometres north of Kampot town, began yesterday, finally putting the Toll Royal Railways concession on an earning basis. According to Toll Royal Railways ...
Rail Operator Restarts Train Services to Kampot
Toll Royal Railways (TRR), the current operator of Cambodia’s dilapidated rail network, restarted freight services to Kampot province yesterday, four months after it suspended its work. TRR’s resumption comes on the heals of a rival proposal to manage the train network by a consortium that includes one ...
Thai Press Gives Conflicting Reports on Chams
Thai media reports yesterday offered conflicting information on whether members of Cambodia’s Cham community were joining a long-running Muslim insurgency in Thailand’s southern provinces. According to the [Bangkok] Post, General Prayuth said most of the Cambodian Muslims were traveling on to other countries in search ...
UN: invest in women
Cambodia needed to invest in women to aid its development and integration into the ASEAN economic community, United Nations Under Secretary-General Noeleen Heyzer said yesterday. Heyzer, executive secretary of the Economic and Social Commission for Asia and the Pacific(ESCAP), met with Minister of Women’s Affairs Ing Kantha ...
http://www.phnompenhpost.com/index.php/2012082358228/Business/un-invest-in-cambodian-women.html
Japanese Bank to Sign Agreement With Acleda
One of the largest banks in Japan, Sumimoto Mitsui Banking Co., will sign an agreement with Acleda Bank Friday to share market data and banking services, Acleda announced yesterday. The deal would allow Sumimoto Mitsui, which currently only has a representative branch in Cambodia, to access ...
Cambodia’s trade with Malaysia grows sharply
Cambodia’s trade with Malaysia grows sharply in 1st 4 months of Y 2011 The bi-lateral trade between Cambodia and Malaysia increased by 75% in the 1st 4 months of this year, compared to the same period last year, said a senior commerce official Wednesday. From January to ...
http://www.livetradingnews.com/cambodias-trade-with-malaysia-grows-sharply-47229.htm
Cambodia’s trade with US reaches US$1.39-B in 1-H, + 4.5%
Cambodia’s trade with US reaches US$1.39-B in 1-H, + 4.5% Bi-lateral trade volume between Cambodia and the United States had jumped to US$1.39-B in 1-H of this year, a 4.5% rise compared with US$1.33-B at the same period last year, according to the statistics of the ...
http://www.livetradingnews.com/cambodias-trade-with-us-reaches-us1-39-b-in-1-h-4-5-83222.htm
Five ink deal to form rice cartel
Five Asean rice-producing countries are joining forces to form a regional alliance with the ambitious goal to boost rice prices by 10% annually. Trade ministers from Thailand, Vietnam, Cambodia, Myanmar and Laos are scheduled to sign the agreement later this year to establish the Asean Rice ...
http://www.bangkokpost.com/business/economics/308931/five-ink-deal-to-form-rice-cartel
Cambodian farmers plant rice in a paddy field in Kampong Speu province
Cambodian farmers plant rice in a paddy field in Kampong Speu province August 21, 2012. A drought has hit Cambodia during its rainy season destroying more than 100,000 hectares of crops across the country, a government spokesman told Reuters on Tuesday. According to National Committee ...
UTCC: Rubber prices won't bounce back
Domestic rubber prices are likely to stay below 120 baht a kilogramme over the next five years due to the sluggish world economic outlook that has sapped demand. The lingering euro-zone debt crisis, weak growth in rubber-using countries and rising production in Asean will continue to ...
http://www.bangkokpost.com/business/economics/308754/utcc-rubber-prices-won-t-bounce-back
Firms Go to Arbitration Over Failed Gold Mining License Deal
Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed deal to obtain an exploration license. Astra Resources Plc. has also gone ...
Railway Family Payouts Could Be Increased
The government and the Asian Development Bank (ADB) will start drafting a new resettlement plan this month that could improve the compensation on offer for some of the roughly 200 Phnom Penh families losing their homes because of rehabilitation of the country’s railway network in ...