ព័ត៌មាន
Rising oil prices fueling inflation
Rising oil prices fuelled a month-to-month inflationary increase of 5.4 per cent through February and March, according to data from the National Institute of Statistics. Factors such as sanctions on Iranian oil, as well as floods that depleted Cambodian crops last year accounted for the rise ...
Cedac to Export Rice to Germany Next Month
The Cambodian Center for Study and Development in Agriculture (Cedac) said yesterday it would begin exporting organic rice to Europe in June for the first time as part of a one-year agreement with a German-based equitable trade organization. “We’re looking to break more into the international ...
Charity Calls on UK Gov’t to Act for Cambodian Workers
A report by a U.K.-based charity has highlighted the low pay of Cambodian garment workers and called on the British government to intervene in disputes involving Southeast Asian factories supplying British retailers. Restricting Rights, a report published Tuesday by anti-poverty charity War on Want, looks at ...
Investors eye Meoun Chey border
Chinese, Korean and local investors have shown interest in Meoun Chey border crossing in Prey Veng province’s Komchay Mear district between Cambodia and Vietnam, provincial officials said yesterday. Komchay Mear district governor Prak Savann said the potential investors are looking for land in the area to ...
http://www.phnompenhpost.com/index.php/2012051756211/Business/investors-eye-meoun-chey-border.html
Men rescued from fishing boat slavery
Two Cambodians were repatriated yesterday after being rescued from a fishing vessel at a port in Senegal on Friday, thanks to collaborative intervention by the International Organization for Migration and Senegalese authorities. Toy Koeun, 29, from Pursat province, and Som Pich, 20, from Kampot province, said ...
Agreement reached at Thai seafood factory
A conclusive settlement has been reached in the long-running dispute between a Thai seafood factory and its Cambodian employees, Cambodian ambassador to Thailand You Ay said yesterday. Rights groups and workers at the Phatthana Seafood factory in Thailand’s Songkhla province, which employs 1,050 Cambodians, have accused ...
Thai Seafood Factory Receives Glowing Review
Thai police investigating allegations of myriad labor violations at a seafood factory employing hundreds of Cambodian migrant workers have given the facility a clean bill of health. A report last week by a Cambodian NGO, the Community Legal Education Center (CLEC), based on interviews with workers ...
Union leader brings backup
More than 20 union members and workers at a factory in Kandal province rallied around a union leader yesterday, fearing that he would be arrested after police called him in for questioning. Lor Sopheak, national secretary-general of the Khmer Workers Power Co-operation Union [KWPCU] and an ...
http://www.phnompenhpost.com/index.php/2012051756215/National-news/union-leader-brings-backup.html
US Packager to Open Plant in Sihanoukville
American packaging firm Crown Holdings Inc. announced Tuesday it would build a new can manufacturing plant in Sihanoukville that will become operational in the second half of 2013. Although it did not say how much the project was worth, the factory will produce 725 million 33 ...
Nan Sy told to sell his real estate
Fugitive former ambassador to Brunei Nan Sy had been ordered to sell his two properties to pay back funds embezzled from the Ministry of Foreign Affairs and International Co-operation, officials said yesterday. ...
Casino to open in Ratanakkiri this August
A new US$3.5 million casino will open in Ratanakkiri province, according to a representative of Try Pheap Import Export Company. “We’ll have a similar kind of casino to what they have in Bavet,” Bee Chivoan Dara said. Try Pheap Mittapheap Casino Entertainment Resort is built on more ...
Farmers Blame Gold Mines for Cattle Deaths
Villagers in Battambang province’s Phnom Proek district have called on the government to shut down several unlicensed gold mines being blamed for the deaths of cattle that drank from a pond contaminated by chemical runoff. “Three of the village’s cows died and two became sick after ...
Q1 exports to Thailand soar
Cambodia’s exports to Thailand jumped 55 per cent year on year in the first quarter of 2012 on what experts and officials said was a smoother political relationship between the countries, as well as an easing of Thai border regulations. The Kingdom shipped US$85.4 million in ...
http://www.phnompenhpost.com/index.php/2012051656176/Business/q1-exports-to-thailand-soar.html
World Bank Ups Cambodia’s Ranking Over Better Logistics
Cambodia has moved up 27 places on a biennial World Bank list that ranks the ease of importing, exporting and transporting goods in different countries. Cambodia was ranked 101 out of the 155 countries included in the World Bank’s report titled Trade Logistics in the Global ...
Future of Gold Tower 42 in Arbitration Court
The owner of the $240 million Gold Tower 42 project in Phnom Penh has entered into arbitration with the project’s builder, in a bid to get work started again after construction halted on the project in September 2010 due to poor unit sales and cost ...
Construction Permits Down, but Revenues Up
The number of construction permits issued by the Ministry of Land Management in the first quarter of this year came close to par for the same period last year, declining just 10 issuances to 489, according to ministry data released yesterday. Despite the slight drop, capital generated from those ...
Blackout protest nixed by authorities
Kampong Thom provincial authorities blocked Sam Rainsy Party officials’ plans to hold a non-violent demonstration today to call attention to frequent power outages, according to an official letter from deputy governor Sorm Sophath obtained by the Post. ...
Beeline Weighs Future Options in Cambodia
VimpelCom Ltd., the Russian mobile telephone operator that runs the Beeline brand in Cambodia, is reviewing its assets in Cambodia to decide whether it should stop doing business here or merge with another firm in the country, an official at the company said yesterday. “We will ...
Shooting Victims’ Lawyers Denied Site Visit
Lawyers for the three women injured in a Feb. 20 shooting at a Special Economic Zone (SEZ) in Svay Rieng province were prevented from visiting the site of the shooting, allegedly on orders from the Council for the Development of Cambodia (CDC), a lawyer and ...
TTY to open $6m rice milling plant in 2013
Cambodian-owned TTY corporation will invest US$6 million in a rice milling plant in Kampong Speu province, company officials said yesterday. Heng Sarath, TTY deputy director, said the factory would be built on national road 6, and would mill 20 tonnes of rice per year. Construction is ...
Hotel owner looks to help
Mates are more important than anything else for Paul Ouk, an Australian-born and raised ethnic Khmer. “It’s not about the money, it’s about the people,” says Ouk, who owns Me Mates Place, a guesthouse on Street 90 and a restaurant and bar on Street 88 called, ...
http://www.phnompenhpost.com/index.php/2012051656174/Business/hotel-owner-looks-to-help.html
Teenage girl shot dead in Cambodia land protest
Security forces in Cambodia have shot dead a 15-year-old girl who was taking part in a land protest. She was demonstrating against the development of a rubber plantation on farmland in eastern Kratie province. Authorities say local residents, armed with axes and crossbows, would not vacate the ...
Supernatural Forces Enlisted in Land Dispute
Villagers in Kompong Chnang province have resorted to black magic as a means to even the odds with a long-running land dispute with a powerful company, KDC Development, holding a spell-casing ceremony on Saturday to curse the firm and the provincial court for allegedly colluding ...
Thailand moves on double tax treaty with Cambodia
Thailand is moving forward to strike a double tax treaty with Cambodia, to cope with increasing cross-border trade. Sathit Rungkasiri, director general of the Revenue Department, said it is a priority to expand the double tax treaty with all countries in Asean to prepare for the ...
http://www.nationmultimedia.com/business/Double-tax-treaty-with-Cambodia-eyed-30182041.html