ភ្នំពេញប៉ុស្តិ៍
New carriers to service Kingdom
Two new Asian airlines will begin regular flights to Cambodia this winter in an airlines sector increasingly dominated by regional passengers, a Cambodia Airports official said on Friday. Tiger Airways, a Singapore-based airline, will operate daily A320 flights between Singapore and Phnom Penh and Singapore and ...
Villagers block national road
Nearly 100 residents from about 50 families in Sihanoukville town’s commune 1 blocked National Road 4 yesterday to protest against a Supreme Court verdict ordering their eviction on Friday in favour of a local official ...
Kingdom licenses newest advisory firm
The Securities and Exchange Commission of Cambodia approved yesterday a license to IRIS Securities to be the 13th securities investment advisory firm in the Kingdom’s budding capital market ...
Crocodile prices down, breeders blame floods
Cambodian crocodile farmers have blamed the falling price of the reptile on flooding, which they say has turned away Thai and Vietnamese buyers – the market’s cornerstone. Prices for young crocodiles have dropped 25 per cent since August, Kandal breeder Kaing Sarin said. His reptiles fetched ...
Vietnam trade passes $2bn
Trade between Cambodia and Vietnam surpassed a US$2 billion trade target for 2011 in just the first nine months of the year, according to the Vietnam Trade Office in Phnom Penh. Trade between the two countries hit the higher-than-projected $2.07 billion in September, up from about ...
http://www.phnompenhpost.com/index.php/2011102852398/Business/vietnam-trade-passes-2bn.html
Wildlife sanctuary shrinks again
The Royal Cambodian Government has given another slice of the Boeung Per Wildlife Sanctuary to the agro-industry. A report in the Royal book released on October 12 states that 1,410 hectares had been granted to two unidentified private businesses for development, particularly the planting of rubber ...
Another timeout for Anful
About 170 garment workers fainted at a factory in Kampong Speu yesterday, the first day Anful Garments Manufacturing reopened after being hit by a mass fainting incident on Monday, workers and government officials said yesterday. The second mass fainting at the Hong Kong-owned factory, which supplies ...
http://www.phnompenhpost.com/index.php/2011102852413/National-news/another-timeout-for-anful.html
Union lands court KO
In a landmark ruling, the Siem Reap Municipal Court yesterday ordered a luxury hotel to reinstate 67 sacked workers – a legally binding decision that unionists have hailed as a great moment for the judicial system. The decision comes after more than two months of protests, ...
http://www.phnompenhpost.com/index.php/2011102752392/National-news/union-lands-court-ko.html
High food prices shrink imports in third quarter
Food and beverage imports in the Kingdom fell more than 70 per cent in the third quarter, as high international prices and the growth of domestic production dragged on demand. About 192,580 tonnes of food and beverage products entered Cambodia between July and September, down 72 ...
ACLEDA, Tong Yang sign MoU
Tong Yang Securities (Cambodia) and ACLEDA Securities yesterday signed a memorandum of understanding to partner the services they offer to the Kingdom’s budding financial markets. To expand their footprint in the market, the companies aimed to provide a combination of advisory and underwriting services for companies ...
http://www.phnompenhpost.com/index.php/2011102752376/Business/acleda-tong-yang-sign-mou.html
Camintel to join mobile scramble
A ninth telecoms operator would enter the Cambodian market next year, officials said yesterday, surprising insiders who claimed the sector was already overcrowded. Camintel, a joint Cambodian state- and Korean-owned company, would offer mobile services in 2012, CEO Kang Namkook said yesterday at a telecommunications conference ...
http://www.phnompenhpost.com/index.php/2011102752377/Business/camintel-to-join-mobile-scramble.html
Fainting report finds heat, hysteria
The results of an investigation into two mass fainting incidents at a factory in Kampong Chhnang confirmed that M&V International Manufacturing had violated Cambodian labour law by forcing some staff to work overtime and failing to give them a full day off each week, according ...
ផែនការអាកាសធាតុរបស់ព្រះរាជាណាចក្រកម្ពុជាក្នុងគម្រោង REDD
រដ្ឋបាលព្រៃឈើបានសហការជាមួយអង្គការសមាគមន៍អភិរក្សសត្វព្រៃ និងព្រៃឈើកាបូនដើម្បីអភិវឌ្ឍគម្រោង REDD ដ៏ធំមួយនៅភាគខាងកើតនៃប្រទេសកម្ពុជា។ កម្មវិធី REDD ឬការកាត់បន្ថយការបញ្ចេញឧស្ម័នពីការបាត់បង់និងរិចរិលព្រៃឈើដែលជាគំនិតផ្តួចផ្តើមរបស់អង្គការសហប្រជាជាតិ គឺជាកម្មវិធីសំខាន់មួយដែលរាជរដ្ឋាភិបាលមានគម្រោងអនុវត្តជាផ្នែកមួយនៃរបៀបវារៈប្រយុទ្ធប្រឆាំងនឹងការប្រែប្រួលអាកាសធាតុ។ ...
Bridget Di Certo
http://www.phnompenhpost.com/national/climate-plan-has-kingdom-seeing-redd
Displaced families face wreckage on return
More than 60 percent of nearly 50,000 evacuated families have returned home as floods recede in areas along the Mekong River and other parts of the country, said the National Committee for Disaster Management (NCDM). Nearly all displaced families have gone back to flood-wrecked villages in ...
Floods to push up non-performing loans in 4th quarter
The worst floods in a decade may boost the number of nonperforming loans in the Kingdom’s microfinance industry in the fourth quarter, insiders said yesterday. However, those insiders said the damage done to Cambodia’s agriculture sector would not have a significant impact given the MFIs’ diversified ...
Cambodia’s beer market growing more crowded
The Kingdom’s latest brewery is set to launch on November 1, introducing a new player into the growing Cambodian beer market, insiders said yesterday. The Khmer Brewery plant, a US$60 million joint venture between locally based Chip Mong Group and major international brewery manufacturer Ziemann Group, ...
Stories vary on latest mass fainting incident
Workers at a garment factory in Kampong Speu province that supplies global retailer H&M will return to work tomorrow, after more than 100 staff were hopitalised on Monday, following what they and union representatives described as a mass fainting incident. A spokesperson for H&M’s headquarters in ...
Lakeside residents set misery to music
They’ve wept, they’ve yelled and they’ve prayed as they watched excavators tear down their homes, so perhaps it’s understandable that the residents of Boeung Kak lake are now turning to song. “Mom goes to protest, the children cry and sleep on the ground,” go the lyrics ...
Villagers waiting for payment
Residents of two villages in Kandal province say police are threatening to arrest them for filing a complaint about a company they accuse of failing to fully pay them for land allegedly bought from them almost 15 years ago. Kuy Chanthorn, a resident of Kakab village ...
Broken promise spurs protest
Another chapter in the long-running land dispute between development firm Phanimex Company and the Borei Keila community unfolded yesterday as 70 residents once again called on the district governor and Prime Minister Hun Sen to intervene on their behalf. At the heart of the dispute is ...
http://www.phnompenhpost.com/index.php/2011102552324/National-news/broken-promise-spurs-protest.html
Mass fainting follows use of insecticide
More than 100 workers collapsed at the Anful Garments Factory in Kampong Speu yesterday after the cloth they were working with was sprayed with insecticide on Sunday, a senior provincial health official said. Or Vanthen, director of the Kampong Speu provincial health department, said 144 workers ...
Insurance revenues to rise 20% for the year
Premium revenues across Cambodia’s insurance industry are expected to increase 20 per cent year-on-year in 2011, Mey Vann, director of the Department of Industry and Finance at the Ministry of Economy and Finance, predicted yesterday. The Kingdom’s six insurance firms are set to accrue a total ...
Food, fuel prices jump again
Heightened global food and fuel prices continued to inflate Cambodia’s market in September, and experts said flood damages would elevate costs further toward the end of the year. Year-on-year inflation hit 6.7 per cent in last month, up 1 per cent from August, according to data ...
http://www.phnompenhpost.com/index.php/2011102552319/Business/food-fuel-prices-jump-again.html
Kingdom's fish exports in decline
The Kingdom’s fish exports declined 48 per cent in the first nine months of 2011, as a result of growing local demand, according to Ministry of Commerce figures. The statistics showed that Cambodia’s export of fish totalled 1,099 tonnes from January to September, compared to 2,123 ...