ព័ត៌មាន
Cash crop deal to aid Kingdom
A Malaysian firm on Saturday signed a joint agricultural agreement with property development company Paragon Corporation Cambodia worth a potential US$2 billion in exports of corn, rubber, coffee and other cash crops. Penned by Paragon Corporation Cambodia and Markmore Group Malaysia, the joint development project will ...
http://www.phnompenhpost.com/index.php/2011101752151/Business/cash-crop-deal-to-aid-kingdom.html
Kingdom’s trade with Thailand up
Bilateral trade between Cambodia and Thailand increased slightly by 8 per cent during the first eight months of 2011 compared to the same period last year, according to the Thai Embassy’s Foreign Trade Promotion Office (FTPO) statistics obtained by the Post yesterday. The increase in trade ...
http://www.phnompenhpost.com/index.php/2011101752153/Business/kingdoms-trade-with-thailand-up.html
IMF’s Cambodia outlook upbeat
Tokyo: The International Monetary Fund has upgraded its outlook on Cambodian GDP growth in 2011 from 6.5 per cent to 6.7 per cent just days after government officials announced a full percentage-point reduction in economic expectations. Stabilisation in the real estate sector, as well as strong increases ...
http://www.phnompenhpost.com/index.php/2011101752154/Business/imfs-cambodia-outlook-upbeat.html
Maid freeze wins support
Rights groups said yesterday a ban on sending Cambodian domestic workers to Malaysia – signed by the Prime Minister on Saturday – should not be lifted until both countries implemented measures to stop deaths, rapes, forced detainment and under-age recruitment in the labour sector. Groups including ...
http://www.phnompenhpost.com/index.php/2011101752160/National-news/maid-freeze-wins-support.html
Protest planned despite warning
Kulan district villagers embroiled in a land dispute in Preah Vihear’s Srayong commune say they will follow through with a planned 200-person protest against rubber firm Siladamich Company today despite being threatened with arrest. Village representative Lem Lom, 32, said yesterday that Srayong commune police and ...
Revenues for first seven months double to $1.6bn
The government has collected 6,557 billion riel, or about $1.6 billion, in revenues in the first seven months of 2011, a figure that is twice that of the $801 million in revenues that were collected during the same period last year, data released by the ...
Borei Keila residents appeal for governor's help
About 100 residents of Phnom Penh’s Borei Keila community embroiled in a long-running land dispute with the powerful construction firm Phanimex filed a complaint at the Prampi Makara district offices on Friday, seeking the intervention of Phnom Penh governor Kep Chuktema and demanding that the ...
Government suspends sending maids to Malaysia
Following repeated reports of abuse and illegal activity, Prime Minister Hun Sen on Friday ordered recruitment agencies to indefinitely stop sending Cambodian domestic workers to Malaysia, officials said Friday. Secretary of State for the Labor Ministry Oum Mean said that he had received unofficial information about ...
Another power deal for senator
The opposition has raised conflict-of-interest concerns over another agreement headed to the National Assembly today guaranteeing the government will buy electricity from a power plant to be constructed by a company owned by ruling party Senator Lao Meng Khin. However, it was unclear yesterday whether the ...
Plan for EU-ASEAN summit
Minister of Commerce Cham Prasidh on Wednesday, in a meeting with the European Chamber of Commerce in Cambodia, called on delegates to host an EU-ASEAN business summit next year, according to Eurocham members who were present. The summit is expected to focus on enhancing business strategies ...
http://www.phnompenhpost.com/index.php/2011101452125/Business/plan-for-eu-asean-summit.html
A threat to Kingdom’s FDI
Tokyo: Cambodia needs more than an estimated US$13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, a joint survey by some of the world’s top financial institutions indicated on Wednesday. During a conference held by the Japan International Cooperation Agency ...
http://www.phnompenhpost.com/index.php/2011101452126/Business/a-threat-to-kingdoms-fdi.html
Factory bows but strike continues
Workers striking for a second day at a garment factory in suburban Phnom Penh succeeded yesterday in having one of their eight demands met, as Taiwanese-owned Meroson Cambodia Co Ltd agreed to reinstate three employees allegedly fired for joining a union, a union official said ...
Recruiting firm told to close
The Ministry of Labour has been ordered to permanently close the labour recruitment firm T&P following the discovery of more under-age trainees in its Kampong Chhnang centre. The move marks the first time the ministry has shut a labour reruitment firm, and follows intense criticism of ...
Cambodia post delivers 40% revenue gain
Revenue at Cambodia’s postal service rose 40 percent in the first nine months of this year compared to the same period last year, an official at Cambodia Post said yesterday, attributing the rise to the postal service gaining complete independence from the Ministry of Posts ...
Trade with China to hit $2 billion this year
Bilateral trade between China and Cambodia is on track to reach $2 billion by the end of this year, its highest level ever, an official at the Chinese Embassy in Phnom Penh said. Jin Yuan, economic and commercial counselor at the Chinese Embassy, said during a ...
K Chhnang court suspends 15 from M&V Factory
Kompong Chhnang Provincial Court on Tuesday gave permission to M&V International Manufacturing garment factory to suspend two Free Trade Union representatives and 13 other workers after they allegedly instigated an illegal protest earlier this month, a court official said Wednesday. Penh Vibol, provincial chief prosecutor, said ...
Chinese 'no-strings' loans come at a cost
As government borrowing from China continues to increase, a new study released yesterday showed that Chinese concessional loans carry higher interest than any others. According to the study, released by the NGO Forum on Cambodia at a workshop in Phnom Penh, China’s average interest rate on ...
EU organizes a seminar on food security
The Delegation of the European Union to Cambodia in collaboration with the Council for Agricultural and rural Development, Ministry of Agriculture, Forestry and Fisheries and three of the EU-funded projects (CEDAC, HKI, WHH) on October 6 organized a Food Security Project Workshop “Improving Food Security—Lessons ...
IBM eyes on Cambodia market again
IBM reaffirmed its commitment to the Cambodian market through a two-day event from 5 to 6 October in Phnom Penh which it demonstrated technology solutions for companies and governments of all sizes. With the potential market in Cambodia, IBM targets to set up its full ...
Cargo growth for Phnom Penh Port reaches 30% in September of 2011
“Cargo transferred to and from the Phnom Penh Autonomous Port (PPAP) is at 121,654.116 tones in September of 2011, increasing 30 percent if comparing to September 2010 with 92,648.796 tones,” according to the report from the PPAP obtained by SEAW on October 3rd. This September report ...
Cambodia urges Singapore to invest Rice Mills and Agro-Industry
“Singapore will boost Singaporean companies to seek opportunities to invest in Cambodia, especially in the agro-industry,” H.E. Hor Namhong, Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation, announced on Wednesday morning after bilateral talks with his Singaporean counterpart Excellency Mr. K. Shanmugam, ...
Cambodia establishes Constructors Association
The Constructors Association (C.A.) was officially formed on October 7th with an aim to develop the country’s construction and real estate sector. The C.A. launching ceremony was presided over by Senior Minister and Minister of Land Management, Urban Planning and Construction H.E. Im Chhun Lim. ...
Serbian Foreign Minister strengthen bilateral ties
“Minister of Foreign Affairs of the Republic of Serbia, H.E. Vuk Jeremic will pay an official visit to Cambodia early next week to strengthen bilateral cooperation between the two countries,” the media release from the foreign ministry said on October 7. “Serbian Foreign Minister H.E. Vuk ...
Cambodia hosts 3rd World Eco-Tourism Forum
Cambodia hosted the 3rd World Ecotourism Conference on October 3rd at the famous costal province—Preah Sihanouk—in an aim at developing the Asia Pacific region as a leading ecotourism destination. To celebrate the acceptance of the Cambodia costal zone (Preah Sihanouk Ville, Koh Kong, Kep and Kampot) ...