ព័ត៌មាន
United Kingdom's Prudential Company invests life insurance in Cambodia
Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...
PM's land titling scheme full of ambiguity
Adorned in new military uniforms, about 400 more young volunteers who have been enlisted into Prime Minister Hun Sen’s ambitious national land-titling scheme departed from Diamond Island yesterday armed with measuring tapes, computers and GPS units. The budding surveyors are the latest group of some 2,000 ...
Electricity Prices to Rise For Thousands of Homes
The state-owned energy supplier Electricite du Cambodge (EdC) will increase the price of electricity in September for tens of thousands of homes in Phnom Penh and three other provinces due to a hike in the cost of energy being supplied by Vietnam, officials said yesterday. Ty ...
Cambodian goods to be certified
The Ministry of Industry, Mines and Energy (MIME) will begin promoting the Institute of Standards of Cambodia (ISC) certifications by the end of 2012 in an effort to educate people about certified goods, according to ministry officials. The program is in order to boost consumer confidence ...
http://www.phnompenhpost.com/index.php/2012070657245/Business/cambodian-goods-to-be-certified.html
Clash thwarts union’s march
Police clashed with strikers as thousands of garment workers from factories that sell to Levi’s and Gap were blocked as they marched from Kandal province towards the capital yesterday, union representatives said. The 4,000-strong group’s march, as threatened by Cambodian Confederation of Trade Unions president Rong ...
http://www.phnompenhpost.com/index.php/2012070657253/National-news/clash-thwarts-unions-march.html
Real estate firm ready for CSX listing
Bonna Realty Group will prepare to list on the Cambodia Securities Exchange, the company’s president said this week. The real estate firm joins a small but growing group of private companies that say they are gearing up for initial public offerings on the new exchange. ...
http://www.phnompenhpost.com/index.php/2012070657246/Business/real-estate-ready-for-csx.html
Rice husk power plant deal signed
Cambodia’s Soma Group yesterday signed a US$3-million deal with Indian company Ankur Scientific, the largest biomass-to-energy company in India, to construct a 1.5-megawatt rice husk power plant in Kampong Cham province. ...
Remittance Contributes Social And Economic Development
Cambodia, as one of the least developed countries and one of the poorest in the Greater Mekong Subregion, is an active participant in migration within the country, within the region and between the subregion and other regions. According to National Institute of Statistics in 2008, 26.52 percent of the Cambodian population ...
Migrant abuse claims skyrocket five fold
Complaints of rights violations of migrant workers had increased more than 500 per cent in the first four months of 2012 compared with the same period last year, rights group Adhoc said yesterday. The number of individual victims of rights violations, mainly migrant workers in Malaysia ...
http://www.phnompenhpost.com/index.php/2012070657258/National-news/migrant-abuse-claims-mount.html
Long-Running Protest Still Without Resolution
About 2,000 workers at a factory supplying clothes to U.S. brands Levi Strauss, Gap and Old Navy were stopped by security forces yesterday as they attempted to march from Kandal province to the Ministry of Labor to protest for severance payments and additional benefits. Protests at ...
Government to cut power subsidies
The government will drop subsidies for high electricity use, after the Electricity Authority of Cambodia (EAC) reported losses of US$3 million between January and May this year. Households consuming more than 200 KW/h per month will no longer receive a 100 to 200 riel per KW/h ...
http://www.phnompenhpost.com/index.php/2012070657247/Business/govt-to-cut-power-subsidies.html
Factory Owners Agree to Provide More Benefits
Garment factory owners have agreed to provide workers with an additional $9 in monthly benefits for transportation, housing and attendance in order to reduce growing protests in the sector, Garment Manufacturers Association of Cambodia (GMAC) officials said yesterday. “We will provide $3 in attendance bonuses and ...
Unions reject bonus bargain
Union leaders yesterday rejected a proposal from Cambodian garment makers to provide US$9 a month for a worker’s housing and transport fees, demanding an additional $1. The benefits were announced last week after unions said they would lead a large-scale protest ...
http://www.phnompenhpost.com/index.php/2012070657244/Business/unions-reject-bonus-bargain.html
Cambodia, Vietnam Seek Stop to Xayabari Dam Construction
Cambodia and Vietnam will send a letter signed by the prime ministers of both countries to demand that Laos and Thailand halt the construction of a dam on the mainstream Mekong River in Laos, an official from the Cambodian National Mekong Committee said yesterday. The decision ...
Not all economic land concessions listed
The Ministry of Agriculture, Forestry and Fisheries’ latest list of economic land concessions reveals some peculiar discrepancies with known records of ELCs. Some that have recently been granted are missing, while others known to have been cancelled remain. The June 8 MAFF list makes no mention ...
http://www.phnompenhpost.com/index.php/2012070557236/National-news/not-all-elc-listed.html
Rice exports facing challenges
Pou Puy, president of the Cambodian Rice Millers Association, said that the export of Cambodia’s white rice faces challenges in terms of both quantity and competitive pricing, as exports of milled rice dropped about 35 per cent for the first half of 2012 compared to ...
Emaxx, Excell deal long dead
The collapse of Digital Star Media’s acquisition of mobile operator Excell emerged yesterday, nearly a year after the firms announced the potential buy-out. Digital Star Media, branded under the name Emaxx, announced in late July last year it was in talks to buy GT-TELL’s Excell. The ...
http://www.phnompenhpost.com/index.php/2012070557224/Business/emaxx-excell-deal-long-dead.html
Hun Sen Asks Businesses to Serve Local Foods
Prime Minister Hun Sen yesterday reiterated comments made by government officials Tuesday that government institutions, hotels and restaurants should begin serving local cuisine and produce to generate more cash flow in the tourism sector. ...
Cambodia, Vietnam united on Xayaburi
Cambodia and Vietnam will write a joint letter to the Lao and Thai governments urging that construction of the Xayaburi dam, in northern Laos, be halted, a spokesman for the government’s Mekong committee said yesterday. Minister of Water Resources Lim Kean Hor met with Vietnam’s Minister ...
Strike wounds slow to heal
More than 70 garment workers who claim they were sacked after a nationwide workers’ strike in September, 2010 are still waiting to be reinstated, Ath Thorn, president of the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU), has told the Post. Thorn claimed on Tuesday about ...
http://www.phnompenhpost.com/index.php/2012070557227/National-news/strike-wounds-slow-to-heal.html
Cambodia Beer to Ship First Export Batch to Japan
Less than two months after opening a $60 million brewery on the outskirts of Phnom Penh, Cambodia Beer will be exported for the first time today when vessels carrying the beer set out for Japan from Sihanoukville Autonomous Port, according to a statement issued yesterday ...
Hun Sen shoots down free-visa plan
Prime Minister Hun Sen yesterday shot down calls for a free visa system for all ASEAN + 3 nations. The proposal would have included the ASEAN nations as well as China, Japan and South Korea. Minister of Tourism Thong Khon made the proposal during a Tourism Ministry ...
http://www.phnompenhpost.com/index.php/2012070557223/Business/pm-shoots-down-free-visa-plan.html
Once thought full of potential, Cambodia's palm oil sector has mostly fizzled
At one time, palm oil production stirred a lot of excitement in Cambodia. Perhaps hoping to follow in the footsteps of palm oil giants Malaysia or Indonesia, more than 10 firms in Cambodia registered for land concessions for palm cultivation around a decade ago. Today, there is one left. The others decided palm ...
As Cambodia Courts US Business, Old Problems Remain
As a delegation of US business owners prepares to travel to Cambodia with US Secretary of State Hillary Clinton, analysts say they will be tough to court, given Cambodia’s lack of law enforcement. “Investors don’t bring guns, they don’t bring bodyguards—they bring money to invest,” said ...