ភ្នំពេញប៉ុស្តិ៍
Confidence at central bank
As volatility strikes Asian markets in anticipation of the US Federal Reserve winding down quantitative easing – the practice of injecting money into the economy – the National Bank of Cambodia says the Kingdom will remain largely insulated thanks to an investment market still in ...
http://www.phnompenhpost.com/2013062566455/Business/confidence-at-central-bank.html
Airline will offer more China trips
Cambodia Angkor Air plans to launch chartered flights between Siem Reap and the southeastern coastal Chinese city of Xiamen next month. The national flag carrier plans to take off for China for the first time on July 11, CAA Chairman Tek Reth Samrach said yesterday, the ...
Anne Renzenbrink
http://www.phnompenhpost.com/2013062566453/Business/airline-will-offer-more-china-trips.html
NagaWorld strikers fired en masse
Nagaworld casino has fired more than 400 workers who have spent about 10 days striking to demand a wage increase, union leaders, workers and a leaked internal memo have revealed. A list of names, obtained by the Post yesterday, was emailed to management and senior staff ...
http://www.phnompenhpost.com/2013062466447/National/nagaworld-strikers-fired-en-masse.html
In carbon, gains for agriculture
Paying Cambodian farmers to capture carbon by not removing mulch during planting and harvesting would help support climate change mitigation, reduce soil deterioration and return higher yields in the long term, say leading agriculture experts. Speaking at a conference in Phnom Penh last Friday, Professor Rattan ...
http://www.phnompenhpost.com/2013062466434/Business/in-carbon-gains-for-agriculture.html
‘Thinnest’ smartphone is set for debut in Cambodia
Two days after Huawei introduced the world’s thinnest smartphone in London and Singapore, the Cambodian representative office of the China-based company announced that the sleek device would be sold in the Kingdom in July. While the Chinese telecom giant hopes to increase its market share of ...
Govt and UN to save coasts
The Fisheries Administration and the United Nations’ Food and Agriculture Organisation (FAO) on Friday officially launched a program to protect Cambodia’s coastline from over-fishing, erosion and other damage to coastal environments and livelihoods. Since the beginning of the year, the program has been training local officials ...
http://www.phnompenhpost.com/2013062466440/National/govt-and-un-to-save-coasts.html
Thai rice cuts pose problems
Thailand’s recent announcement of a 20 per cent price cut within the government rice-pledging scheme will have little impact for Cambodian exports, but farmers may feel the effects, say industry insiders. In an article published in the Bangkok Post on June 19, Thailand’s cabinet had agreed ...
http://www.phnompenhpost.com/2013062166407/Business/thai-rice-cuts-pose-problems.html
Municipal officials given a larger hand in labour disputes
Continuing its efforts to quell an increasing number of strikes in the Kingdom’s lucrative garment sector, the government this week issued a directive aimed at giving provincial and municipal governors powers to resolve issues at factories without calling on ministries in Phnom Penh. “To ensure further ...
ផ្សារហ៊ុនកម្ពុជានៅខ្វះថាមពលនៅឡើយ
ក្រុមហ៊ុនផ្សារមូលបត្រកម្ពុជា(CSX) ដែលមានទីតាំងនៅជាន់ទី ២៥ នៃអគារកាណាឌីយ៉ានៅមានបញ្ហាខ្លះហាក់ដូចជាកំពុងខ្វះខាតនៅឡើយ។ នៅចុងផ្លូវចូលមានសញ្ញាតូចមួយបង្ហាញថា “បន្ទប់ជួញដូរ” ...
Anne Renzenbrink
http://www.phnompenhpost.com/2013062166422/Business/kingdom-s-bourse-missing-some-magic.html
Gov’t revenues rise 11 pct
Government revenues totalled more than $700 million over the first four months of the year, an 11 per cent year-on-year increase, data from the Ministry of Economy and Finance (MEF) show. In total, the revenue made by the General Department of Taxation (GDT) rose by about ...
http://www.phnompenhpost.com/2013062166406/Business/gov-t-revenues-rise-11-pct.html
Villagers call for state electricity
About 200 protesters clamoured yesterday in front of a Kandal province commune chief’s office, demanding the state take control of providing their electricity. Yong Phany, a 32-year-old protester from Ang Snuol district’s Poeuk commune said Peoun Sambat, the private company contracted to provide electricity to the ...
http://www.phnompenhpost.com/2013062166410/National/villagers-call-for-state-electricity.html
Tourists in trouble rise
Crimes and traffic accidents of which tourists were the victims increased by 33 per cent in the first six months of 2013, compared with the same period last year. Tourism Police Department director Nhearn Vibol said that 396 tourists had fallen victim to crime and motor ...
http://www.phnompenhpost.com/2013062066385/National/tourists-in-trouble-rise.html
Discount shops attracting crowds
Two thousand five hundred – for Mom Dalin, this is more than just a random number or the price of a coffee, it is her way of making a living. The 55-year-old sits at a small desk in her son’s shop on Sihanouk Boulevard, within sight ...
http://www.phnompenhpost.com/2013062066378/Business/discount-shops-attracting-crowds.html
Demand for cheap rentals outnumbers supply
The boom in high-rise buildings in Phnom Penh indicates the robust economic growth of the Kingdom, but this trend does not include the lower-end accommodation where most economic migrants to Phnom Penh rent. “Cheap rental accommodation plays a crucial role in providing appropriate settlements to those ...
Sam Sopanharith
http://www.phnompenhpost.com/real-estate/demand-cheap-rentals-outnumbers-supply
Housing development on Cambodian islands not the right time yet
Although currently there are a lot of development projects for resorts and guesthouses on various islands off Cambodia’s coast, experts say it is not the right time for such developments. Po Eavkong, managing director of Asia Real Estate Cambodia, said the development activities on islands in ...
Business chambers merge with Eurocham
The French and German chambers of commerce have both merged into the larger European Chamber of Commerce in Cambodia in order to gain combined strength and be more effective as an interface between European business and the Cambodian government. The agreement is set to be formalised ...
http://www.phnompenhpost.com/2013062066376/Business/business-chambers-merge-with-eurocham.html
Thai and Cambodian trade fair on the road
In a joint effort to promote trade ties, government officials in Cambodia and Thailand have organised the first “Caravan Fair” in which producers within the neighbouring countries will showcase their products to one another. The Cambodia-Thailand Caravan Fair 2013, a travelling event starting on June 25 ...
http://www.phnompenhpost.com/2013061966350/Business/thai-and-cambodian-trade-fair-on-the-road.html
Judge forces sparse settlement on family of beaten children
The Ratanakkiri Provincial Court yesterday forced a family whose three children were allegedly beaten by DM Group firm employees last month to accept only $1,000 in compensation in place of the $40,000 the family initially had demanded, the children’s father claimed. Ry Sarun, 52, said that ...
New name, same airline
Grounded Tonlesap Airlines has changed its name to Wat Phnom Airlines, an official with Cambodia’s State Secretariat of Civil Aviation said yesterday, about two months after the local chartered carrier suspended all of its flights. Wat Phnom Airlines is now in the process of applying for ...
http://www.phnompenhpost.com/2013061966352/Business/new-name-same-airline.html
Cambodia shrugs at Gambia’s import ban
Gambia’s recent announcement that it would ban rice imports in about three years to spur local demand will only have a small impact on Cambodia, which sends a portion of its annual output to the west African country and other nations on the continent, data ...
http://www.phnompenhpost.com/2013061866317/Business/cambodia-shrugs-at-gambia-s-import-ban.html
Skyscraper’s woes continue
The saga of the stalled $240 million Gold Tower 42 was revived last week when it emerged that a supplier for the project had accused the owner and builder of failing to pay out nearly $500,000 in fees, according to an injunction request obtained by ...
http://www.phnompenhpost.com/2013061866319/Business/skyscraper-s-woes-continue.html
Police block Beoung Kak protesters
More than 100 police and security guards, including riot squad members, were deployed to the capital’s Boeung Kak lake community yesterday to block a protest that, at times, involved only three shouting women. About 50 members of the Boeung Kak community tried to march from Village ...
http://www.phnompenhpost.com/2013061866329/National/police-block-beoung-kak-protesters.html
Kingdom, Hong Kong boost ties
Economic cooperation between Cambodia and Hong Kong is on the rise, while the introduction of a new visa extension is also evidence of strengthening relations, officials say. On June 1, Cambodian officials will be able to travel to Hong Kong without a visa and stay ...
http://www.phnompenhpost.com/2013061866316/Business/kingdom-hong-kong-boost-ties.html
Troubles for Tonlesap Air
About two months after Phnom Penh-based Tonlesap Airlines suspended its chartered flights, the local carrier’s future seems as cloudy as ever. Vann Chanty, the director of air transport with Cambodia’s State Secretariat of Civil Aviation, said yesterday that the airline had not resumed operations and that ...
http://www.phnompenhpost.com/2013061766300/Business/troubles-for-tonlesap-air.html