ភ្នំពេញប៉ុស្តិ៍
Cambodia's energy costs deter investors
Cambodia’s infrastructure is deterring highly anticipated investment into the production of raw materials to support its rapidly growing garment sector, experts say. While garment exports rose 10.2 per cent to $5.48 billion last year, the increase of raw materials imported to support this growth increased about ...
http://www.phnompenhpost.com/2013020761221/Business/cambodia-s-energy-costs-deter-investors.html
Cambodia's government takes back land
The government has slashed about 250,000 hectares of land from 79 economic land concessions (ELCs), forest concessions and wildlife protection concessions and will return it, replete with land titles, to “poor people”, January’s Royal Book says. The publication, issued on January 17 and obtained yesterday, says ...
http://www.phnompenhpost.com/2013020761237/National/cambodia-s-government-takes-back-land.html
Investors from Korea relocate to Cambodia
Korean investors are relocating labour-intensive businesses to countries such as Cambodia after Indonesia raised its minimum wage. A number of Korean investors had closed their Indonesian factories and relocated to other countries in the region because their requests for minimum-wage exemption had been refused, The Jakarta ...
http://www.phnompenhpost.com/2013020761220/Business/investors-from-korea-relocate-to-cambodia.html
Tractor imports decrease, but experts not concerned
Tractor imports fell by 24 per cent last year, a significant decrease from 44,993 units in 2011 to 36,301 units, according to recent statistics from the Ministry of Economy and Finance. Although the cultivation of some crops in the Kingdom has increased, analysts said yesterday ...
Guilty verdict for timber cop
Pursat Provincial Court yesterday sentenced a military official, Poung Puthearith, to two years in jail – suspended to six months – on charges of threatening and obstructing the works of a forestry official, a court official said. Puthearith was arrested by the Anti-Corruption Unit ...
http://www.phnompenhpost.com/2013020761235/National/guilty-verdict-for-timber-cop.html
Court sets date for new hearing in Bandith case
The Appeal Court has set a hearing date in a case against former Bavet town Governor Chhouk Bandith, who stands accused of shooting three protesting garment workers last year. In December, the Svay Rieng Provincial Court dropped charges against the official, only to see the case ...
Local cashew nut exports increasing
Cambodia’s cashew-nut exports increased sharply from 443 tonnes in 2011 to 4,453 tonnes last year, according to the Ministry of Commerce. But observers say these figures do not reflect reality, as a large percentage of exports had not been recorded. An expert in cashew nut production, ...
http://www.phnompenhpost.com/2013020661205/Business/local-cashew-nut-exports-increasing.html
Aeon considering more malls in Phnom Penh
More than 4,000 people attended a ceremony in December last year that saw Japan’s largest shopping mall developer and operator, Aeon, breaking ground on its three-storey mall in Phnom Penh, and the company says it is already considering building more in the capital. Aeon Mall ...
Ta Prohm restoration workers go on strike
The entire work force of the Ta Prohm temple restoration project in Siem Reap – more than 100 people – gathered at the temple yesterday to demand the reinstatement of 30 of their number [sic] who were dismissed at the start of the month. The 145 ...
http://www.phnompenhpost.com/2013020661208/National/ta-prohm-restoration-workers-go-on-strike.html
'Separatist' farms replaced by RCAF base
A track of land once farmed by 1,000 families in Kratie province — families violently evicted amid claims they were part of a separatist movement — is now home to a military base. Unit 9 Royal Cambodian Armed Forces base, which will be finished later this ...
http://www.phnompenhpost.com/2013020661212/National/separatist-farms-replaced-by-rcaf-base.html
Cambodia peddling bikes in EU
Import duties and limits, as well as rising wages in neighbouring countries, made Cambodia the second largest exporter of bicycles to the European Union after Taiwan, an industry newsletter reports. According to Bike-EU.com, which quoted data from Eurostat, Cambodia exported 519,389 units to EU countries between ...
http://www.phpnompenhpost.com/2013020661203/Business/cambodia-peddling-bikes-in-eu.html
Relocation site has villagers worried
Villagers facing relocation from the site of the planned Lower Sesan 2 dam in Stung Treng province were told last week that they would be moved 15 kilometres from the river they rely on for fishing, a commune chief said yesterday. Seak Mekong, commune chief in ...
http://www.phnompenhpost.com/2013020661210/National/relocation-site-has-villagers-worried.html
Cambodian rice millers to boost exports
Rice millers and exporters are optimistic that they will see an increase in exports this year after they received higher orders toward the end of 2012, producers said yesterday. Toch Tepech, president of the Svay Rieng Rice Millers Association, told the Post he had exported over ...
Singaporean law firm expands to Cambodia
Rajah & Tann, Southeast Asia’s largest law firm, has expanded to Cambodia through a tie-up with local law firm Sok & Heng, which has taken on a new name, RT Sok & Heng Law Office. Rajah & Tann’s deputy managing partner, Patrick Ang, estimates that there ...
http://www.phnompenhpost.com/2013020561178/Business/singaporean-law-firm-expands-to-cambodia.html
Companies to face court for illegal logging, land clearing
In what’s believed to be an unprecedented move, the Ratanakkiri Provincial Court has ordered two companies holding economic land concessions to face court questioning on accusations of illegal logging and land clearing. Deputy prosecutor Ros Saram said he summonsed Vietnamese-owned Company 72 last week and will ...
Cassava production dropped in 2012
The area of cassava under cultivation fell by 11.5 per cent across the country this season, while the price of cassava chips remained the same as last season’s price. Officials blamed an unstable price during the previous season (from April to April) for the drop. According ...
http://www.phnompenhpost.com/2013020561173/Business/cassava-production-dropped-in-2012.html
$4m restaurant reflects growing Chinese presence in Cambodia
Old Place Seafood, a Chinese restaurant that cost $4 million, has opened in Phnom Penh. A representative of the restaurant, which is opposite the Chinese embassy, said the growing number of Chinese people in the Kingdom had justified such an investment. Luu Meng, president of the ...
India to supply HR development assistance
Cambodia has asked India to provide more assistance in the development of human resources to promote economic growth and enhance bilateral co-operation. Deputy Prime Minister Sok An made the request during a meeting with Indian human resource development minister Mangapati Pallam Raju in Phnom Penh on ...
http://www.phnompenhpost.com/2013020561182/Business/india-to-supply-hr-development-assistance.html
Garment factory welcomes back striking workers
Revoking its decision to sack the vast majority of its work force for a prolonged strike, the Winson International garment factory agreed to allow the 868 workers back to work following negotiations late last month, worker representatives said yesterday. After mediation by officials from the Ministry ...
Loans and deposits climb
Loans and deposits at Cambodia’s 32 micro-finance institutions and four NGOs, as well as small loans from Acleda Bank, rose sharply last year compared with a year earlier. Industry players say this is a result of the Kingdom’s rapid economic improvement and political stability. Official data from ...
http://www.phnompenhpost.com/2013020461166/Business/loans-and-deposits-climb.html
Hong Kong bans eggs from Cambodia
Hong Kong has banned egg imports from Cambodia due to the country’s recent avian influenza outbreak, which claimed four lives last month. “Hong Kong does not import live poultry or poultry meat from Cambodia, but 170,000 poultry eggs were imported from there last year,” the ...
http://www.phnompenhpost.com/2013020561181/National/hong-kong-bans-eggs-from-cambodia.html
Cambodia to boast its first tractor factory
Cambodia will soon boast its first tractor assembly plant, with operations expected to begin by the third quarter of this year. The one-hectare plant, in Phnom Penh’s Por Sen Chey district, is a joint venture by Belarus-based Minsk Tractor Works, one of the world’s biggest tractor producers, ...
http://www.phnompenhpost.com/2013020461165/Business/cambodia-to-boast-its-first-tractor-factory.html
Few benefits for Cambodia from Thai rice policy
Against the backdrop of the ongoing Thai government’s rice-pledging policy, Thai rice exports are expected to further decline this year. While it may provide opportunities for Cambodia, the country has not yet benefitted much from the policy, industry experts said. “I think the Thai rice scheme ...
Pilot scheme plans to send maids to Singapore
Four hundred Cambodian women could be sent to Singapore as soon as the middle of this year to work as maids under a pilot scheme by the governments of Cambodia and Singapore. The Post has obtained an internal circular the Singapore Ministry of Manpower sent to ...
http://www.phnompenhpost.com/2013020461152/National/maids-heading-to-singapore.html