ភ្នំពេញប៉ុស្តិ៍
Fashion retail enters the online era
SOURSDEY Fashion occupies a small shopfront near the Russian Market. It looks similar to many of the small boutiques sprouting up across Phnom Penh, packed with the latest in fashion aimed at young, trendy consumers. But the shop’s business plan differs from that of many ...
Korea trade keeps on climbing
CAMBODIA’S trade with South Korea grew 38 percent in the first half of 2011 on the same period last year, according to Korea Trade-Investment Promotion Agency (KORTA) statistics. The growth is partly due to increasing numbers of South Korean importers seeking business in Cambodia, KOTRA’s ...
http://www.phnompenhpost.com/index.php/2011080850915/Business/korea-trade-keeps-on-climbing.html
More workers faint at factory
About 50 factory workers fainted on Friday at the Zhen Tai Garment (Cambodia) Co Ltd factory on the outskirts of Phnom Penh, the day after a group of workers fainted at the facility. On Thursday, roughly 30 workers fainted and about 2,000 fled the factory ...
Girl freed from T&P training centre
The Association of Cambodian Recruitment Agencies will consider kicking its most notorious member, T&P Co Ltd, out of the association if the company is found to have falsified documents to conceal the age of a 15-year-old girl rescued from its training centre last week. ACRA ...
Inflation fuels protest over petrol prices
More than 200 factory workers gathered at Freedom Park near Wat Phnom yesterday to urge the government to cut taxes on petrol, saying fuel prices were driving food prices beyond what they could afford. But the government is doing all it can to curb inflation ...
Region’s links crucial
Improved transportation links will assist further economic growth in the region, as Cambodia’s economy continues to improve, officials said yesterday. Ministers from Cambodia as well as China, Laos, Vietnam, Thailand and Myanmar met yesterday at the 17th Greater Mekong Subregion Ministerial Conference held in Phnom ...
http://www.phnompenhpost.com/index.php/2011080550888/Business/regions-links-crucial.html
Proposed changes to reserve requirement meets controversy
A proposed increase in the reserve requirement would decrease lending and slow Cambodia’s economic growth, according to some bankers and experts. The National Bank of Cambodia is set to hold a meeting later this month discussing a possible raise of the reserve requirement from 12 ...
Union makes poisoning claim
More than 70 employees continued to protest in front of a luxury resort in Siem Reap town yesterday, demanding that 18 workers be reinstated after they were allegedly dismissed for attempting to unionise. Chhey Phi, head of the Angkor Village Resort Workers Union, claimed yesterday ...
http://www.phnompenhpost.com/index.php/2011080550873/National-news/union-makes-poisoning-claim.html
Firing pregnant staff triggers strike
More than 500 workers at a garment factory in suburban Phnom Penh went on strike yesterday over what they described as their employer’s history of disregarding labour laws, including firing pregnant employees. Taiwanese-owned Nan Kuang Garment (Cambodia) allegedly forces staff to work overtime, employs under-age ...
One week deadline for beer strike resolution
Following “tough discussions” with Phnom Penh’s deputy governor yesterday, Angkor Beer promoters agreed to suspend their protest for one week starting today. Ou Tep Phally, vice-president of the Cambodian Foods and Service Workers’ Federation, said five beer promoters and one union representative negotiated with officials. ...
More than 1,800 families seek help
About 60 people representing 1,850 families from seven villages in Battambang province’s Sampov Loun district yesterday petitioned Interior Minister Sar Kheng and Prime Minister Hun Sen for intervention in a land dispute. Villagers claim that district authorities leased 4,095 hectares of their land in Chrey ...
Boss blames panic on alarm
About 2,000 workers fled a garment factory on the outskirts of Phnom Penh and an estimated 30 workers fainted yesterday after sparks started flying from a generator and a fire alarm went off at 10:00am. Chea Mony, president of the Free Trade Union, said the episode ...
http://www.phnompenhpost.com/index.php/2011080550882/National-news/boss-blames-panic-on-alarm.html
Damning revelations
An environmental group has accused the Lao government of “unilaterally” pushing forward with construction on the controversial US$3.8 billion Xayaburi dam on the Mekong River, despite serious concerns about the project and an incomplete regional decision-making process. In a statement released yesterday, conservation group International ...
http://www.phnompenhpost.com/index.php/2011080550883/National-news/damning-revelations.html
Property tax questions asked
Cambodia’s property tax is to come into effect next month, though experts say the levy is not widely understood and may be too early. The property tax will initially focus on the capital’s properties, comprising an annual payment calculated of 0.1 percent of the value ...
Chevron talks oil production
Chevron Overseas Petroleum (Cambodia) has been actively exploring Cambodia’s offshore Block A, and applied for a permit to begin extraction from government authorities. Yesterday, The Post caught up with its President Steve Glick, who has been in his present role in Phnom Penh for about ...
http://www.phnompenhpost.com/index.php/2011080450868/Business/chevron-talks-oil-production.html
Interest up at Angkor Wat
Increased interest by Asian tourists has led to about 33 percent growth for Angkor Wat ticket sales so far this year, according to the Apsara Authority. Revenues during the first six months hit US$20 million, compared with about $15 million in the period last year, ...
http://www.phnompenhpost.com/index.php/2011080450870/Business/interest-up-at-angkor-wat.html
Current accounts in control
Cambodia’s current accounts deficit has increased in recent years, but is not yet a cause for concern, according to experts. The Asian Development Bank’s July update showed Cambodia’s current accounts deficit stood at 11 percent of GDP in 2010, and statistics show the trade gap ...
http://www.phnompenhpost.com/index.php/2011080450869/Business/current-accounts-in-control.html
Two dollar strike to continue
Angkor Beer promoters yesterday rejected an offer from the municipality that would have required them to suspend their strike while officials negotiated a solution for them, telling Phnom Penh’s deputy governor that their protest is legal and that their employer is breaking the law. More ...
Residents tell tycoon to back off
Families protesting encroachment onto their land by a tycoon who is expanding a road in Phnom Penh’s Meanchey district filed a complaint to the Prime Minister’s cabinet and the Municipal Court on Tuesday. On Friday, employees working for tycoon Thong Sarath demolished fences on eight ...
Complaint over violence
Twenty-nine community representatives from Kampong Speu’s Phnom Sruoch district travelled in person to the National Assembly building in Phnom Penh yesterday to file a complaint against provincial governor Kang Heang and other officials, accusing them of “robbing a total of 950 hectares of farm land”. ...
http://www.phnompenhpost.com/index.php/2011080450865/National-news/complaint-over-violence.html
Petrol prices squeeze domestic consumers
Soaring prices for gasoline and goods have hurt some Cambodian consumers, causing what economists have said was a drop in the living standard of the Kingdom’s lower-income population. Gasoline traded at 5,300 riel per litre in Phnom Penh yesterday, an increase of about 12 percent ...
More competition from Thai millers
Thai government proposals to pay above market prices to rice farmers could complicate Cambodia’s goal of becoming a major milled rice exporter, according to industry insiders. Pheu Thai party leader Yingluck Shinawatra has announced plans to buy rough rice for a guaranteed price of 15,000 ...
FPT talks operating telecoms in Cambodia
Vietnamese company FPT Telecom aims to extend operations to the Kingdom, after its attempted acquisition of Vietnam’s EVN Telecom fell through. FPT Telecom “has plans to expand business in Cambodia, but all is in discussion”, a spokesperson said late on Monday, declining to comment further. ...
Vattanac in damage denial
A top executive from Cambodian company Vattanac yesterday denied the firm had damaged colonial-era buildings along the capital’s riverfront, as one local business owner sought a new home. Construction at a Vattanac building site – situated on Phnom Penh’s Sisowath Quay – has been at ...
http://www.phnompenhpost.com/index.php/2011080350834/National-news/vattanac-in-damage-denial.html