ភ្នំពេញប៉ុស្តិ៍
Prey Lang ELCs rejected
In a rare victory for those battling to preserve Prey Lang forest, the government has cancelled four economic land concessions in the area totalling more than 40,000 hectares that threatened pristine ecosystems. Another 3,200 hectare ELC in Koh Kong province has also been cancelled, while two ...
Koh Kong king bowed out of 'blood sugar' firm
A sugar company originally part-owned by ruling party Senator Ly Yong Phat that has long fought villagers over a land dispute in Koh Kong province is now under the complete control of two foreign-owned companies, statements released by the firms last week reveal. The Mitr Pohl ...
Rep wrongfully fired from airport: union
The Cambodian Tourism and Service Worker’s Federation (CTSWF) is asking Minister of Labour Vong Sauth to intervene in the case of one union worker fired from a Phnom Penh International Airport company with no reason offered. Nin Kosal, who worked as union secretary for the Cambodia ...
Job security low as unemployment drops
The International Labour Organisation (ILO) released the latest data from its EU-funded project Monitoring and Assessing Progress of Decent Work this week, showing that despite an improving environment, including low rates of official unemployment , 75 per cent of workers are in vulnerable jobs. This includes the self-employed or ‘own ...
Bounced cheques causing concern
Military police in Siem Reap province arrested a 33-year-old woman this week on accusations of fraudulent activity involving writing a cheque at a local bank. Cheque account usage, an infrequently used service only a few years ago, is gaining traction in the Kingdom. Bank officials said fraudulent cheques ...
http://www.phnompenhpost.com/index.php/2012080357788/Business/bounced-cheques-causing-concern.html
Insurance, banks join forces
Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...
http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html
Unions skirmish using factory as 'battleground'
The setting is familiar – a garment factory in Kandal province that supplies Levi’s and Gap – and so is the number of people involved, but a strike that has raged at Yung Wah Industrial II factory since Monday has a twist: it’s worker versus worker and union versus ...
Despair in Pursat as students begin to exit
Nineteen families from Pursat province’s Prangil commune, plagued by a long-running land dispute with developer Pheapimex, are in despair now that student volunteer surveyors cannot help them reclaim land they say is rightfully theirs. Prime Minister Hun Sen on Wednesday revealed he had revised his ...
Small and medium enterprises prepare for ASEAN
Cambodia’s small and medium enterprises (SMEs) are busily preparing for the ASEAN Economic Community’s free flow of goods in 2015 and are probably not that different from the other 10 ASEAN member states’ own SMEs. Te Taing Por, president of the Federation of Associations for ...
Fish and rice, together at last
A new long-term project aims to boost fish stocks in rice fields. That was not a typo. For years, rice farmers in Cambodia have swept up fish – as well as frogs, snails and other aquatic fauna – that make their way from streams, canals and ...
Officials pitch invesment from Thais
Cambodia’s top economy builders are looking to bring back Thai investment that has departed the country since the onset of political clashes involving Preah Vihear temple in northern Cambodia. Officials at the Council for the Development of Cambodia (CDC) yesterday hosted 30 delegates from the Thai ...
Airport dwellers displaced from ‘anarchic’ houses
Nearly 100 families who live in three villages in Por Sen Chey district’s Choam Chao commune near the Phnom Penh International Airport have been told by district authorities they have seven days to relocate and will be given no compensation. However, the residents are refusing ...
As Phnom Penh's buildings rise, safety scales back
Vatha, a 42-year-old construction worker, has been toiling for four years at numerous building sites across Phnom Penh. He knocks down dilapidated dwellings and in their place builds houses and apartments that are bigger, better – and increasingly higher – as demand for residential property, especially ...
Slain activist Chut Wutty's death still a mystery
On Saturday, the family of slain environmental activist Chut Wutty will commemorate the 100 days, or thereabouts, that have passed since his death in a case that remains unresolved even though six eyewitnesses have already been questioned. The official story is that he was killed by ...
http://www.phnompenhpost.com/index.php/2012072757667/National-news/the-chut-wutty-mystery.html
Telco regulator to launch
A regulator for Cambodia’s telecommunications industry is expected to launch next month with the hopes of putting in order a sector that has seen little regulation during its short history. Industry insiders have called the move positive but many questioned the body’s ability to rein in ...
http://www.phnompenhpost.com/index.php/2012072757654/Business/telco-regulator-to-launch.html
MoU the key to compliance
Amid a spate of garment factory strikes – including one at Tai Yang Enterprises that has lasted more than a month – Cambodia’s Arbitration Council yesterday said it wanted the industry to renew a memorandum of understanding on industrial action that has been in limbo ...
http://www.phnompenhpost.com/index.php/2012072657645/National-news/mou-the-key-to-compliance.html
Rubber price drops as exports increase
Rubber exports increased by more than 5 per cent in the first half of the year compared to the same period in 2011 as the price decreased more than 28 per cent, according to data received from Cambodia’s Ministry of Commerce. The data shows that ...
Cambodia continues to see slow price increase
Food prices drove moderate inflation in June, with experts calling the 1.8 per cent year-on-year increase acceptable. Month on month, inflation rose at about 0.1 per cent, data from the National Institute of Statistics showed. Khin Song, deputy director general at NIS, said the slow rise in ...
Villagers’ homes levelled in Pursat
A coalition of about 30 soldiers, police, forestry officials and military police armed with chainsaws razed some 40 houses belonging to villagers in Pursat province’s Santre commune yesterday, claiming the villagers were illegally living in a state forest, villagers and officials said. According to resident Chin ...
Men charged in bulldozing protected forest
The Phnom Penh Municipal Court yesterday charged two government officials and four farmers from Kampong Thom province’s Stoung district with encroachment onto protected land after they allegedly bulldozed a flooded forest that was designated as a protected fish hatchery, police and NGO officials said. ...
Russian-Cambodian satellite venture launched
A new Russian-Cambodian digital satellite television service plans to have 400,000 subscribers in the next two years with 60 channels in Khmer, English, Russian, Chinese, Vietnamese and other languages. The venture between Russia’s General Satellite and Cambodia’s Royal Group was soft-launched last night at Sofitel, with ...
http://www.phnompenhpost.com/index.php/2012072557590/Business/onetv-satellite-venture-launched.html
Phnom Penh Autonomous Port pushes for IPO
Following a government push for Cambodia’s largest state-owned firms to list on the Cambodia Securities Exchange, Phnom Penh Autonomous Port (PPAP) said yesterday that it plans to float on the newly launched bourse. The port would join Telecom Cambodia and Sihanoukville Autonomous Port, both of which ...
Coral reef areas to gain protection in Cambodia
Cambodia’s first Marine Protection Area will be established around two emerging tourist destinations, Koh Rong and Koh Rong Samloem islands, a British conservation group has announced. NGO Coral Cay Conservation said last week that it has been invited to map out a 300-square-kilometre MPA by the ...
Push for trade in yuan increasing
Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds. As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import ...
http://www.phnompenhpost.com/index.php/2012072557593/Business/push-for-trade-in-yuan-increasing.html