ភ្នំពេញប៉ុស្តិ៍
Rubber plantation protest in fourth day
In Svay Rieng province villagers are in their fourth day of protests after authorities refused to meet with them to discuss a land concession that Metapheap Company has received in order to open a rubber plantation. The company was granted a 1,230 hectare land concession ...
Property sector recovery highlighted
Cambodia’s property sector is said to be recovering from the global financial crisis according to experts. There has been a 10 percent increase in the number of transactions since 2009 with foreign investment a key aspect of the growth. The formation of anti-corruption laws has ...
Work on Canadia rice mills begins
Canadia Bank Plc has begun construction on a rice processing facility worth $8 million as Prime Minister Hun Sen aims to export 1 million tonnes of milled by rice a year by 2015. The new mill is being built in Takeo province and the rice ...
http://www.phnompenhpost.com/index.php/2011072650635/Business/work-on-canadia-rice-mills-begins.html
Double-digit rise in tourist arrivals
Cambodia has seen an increase in the number of tourist during the first six months of the year of 13 percent according to the Ministry of Tourism. Increased direct flights to Cambodia are cited as the explanation for the increase. Tourists have been coming from ...
THIBIDI keen to bring about a transformation
THIBIDI has begun construction on Cambodia’s first transformer factory. The $2.5 million plant is being built in the Phnom Penh Special Economic Zone. The plant is the first investment by THIBIDI overseas, as the company is from Vietnam. ...
Beer girls brew Angkor strike
60 some Angkor beer promoters are going to hold a strike outside of the company’s Phnom Penh offices in order to draw attention to the labor violations and discrimination they’ve suffered. The strike is planned to be loud and colorful according to Cham Rong, the ...
Clinton calls for pause on dams
Hillary Clinton, US Secretary of State, has called for a “pause” on construction of hydroelectric dams along the Mekong River. She is urging time and consideration for all who would be affected by the dams, with 11 planned for the Lower Mekong, nine of which ...
June Textile to pay workers
June Textile Factory will compensation the more than 4,000 workers in accordance with an Arbitration Council ruling, granting the workers severance pay after the Phnom Penh factory burned down. According to Albert Teoh, administration director of June Textile Factory, all workers would receive the full ...
http://www.phnompenhpost.com/index.php/2011072550603/National-news/june-textile-to-pay-workers.html
Villagers target new rubber plantation
Villagers in Svay Rieng province from 10 villages have taken part in an armed protest against the granting of a land concession in the forest that will turn it into a rubber plantation. The villagers claim to have been on the land since 1979 and ...
Garment growth led by EU and Asia
Garment exports for the first half of 2011 have increased as demand from Europe and Asia grows. The relaxation of duty-free exports to Europe has sped the growth according to the Garment Manufacturers Association in Cambodia. Exports are said to have increased by 32 percent ...
http://www.phnompenhpost.com/index.php/2011072550615/Business/garment-growth-led-by-eu-and-asia.html
Block A oil partner inks finance deal
Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration ...
ICT agreement signed
Cambodia and Malaysia have signed a memorandum of understanding (MOU) in order to cooperate and share Information and Communication Technology (ICT) in order to develop the health, government and logistics sectors. Cambodia’s National ICT Development Authority met with the Malaysian Ministry for Science, Technology and ...
http://www.phnompenhpost.com/index.php/2011072550612/Business/ict-agreement-signed.html
Tourism driving total investment approvals
The high number of approved projects in the tourism sector is a sign of optimism according to Minister of Tourism Thong Khon. Due to emphasis on areas beyond Angkor Wat, Cambodia’s GDP could largely be a result of tourism. The current 57 projects are worth ...
Oil Dispute CNPA ready to discuss claims area
Returning to the negotiating table is once again a possibility for the Cambodian National Petroleum Authority now that they have a stronger legal team. Due to the appointment of ousted Thai prime minister Thaksin Shinawatra as an economic advisor to Cambodia, Thailand put the 2001 ...
Cambodia’s Vietnam trade increasing
Prices for Vietnamese goods are increasing driving up demand for lower cost Cambodian goods. Exports to Cambodia’s neighbor have increased by more than 84 percent for the beginning of 2011, totaling some $247 million according to the Vietnam Trade Office. Inflation is rising in Vietnam ...
ANZ Royal sees yuan role
ANZ Royal Bank is seeking a larger part in handling transitions involving the Chinese yuan as the currency becomes more prevalent. Exports who bill their clients in yuan are being granted tax rebates of between 15 and 18 percent by the Chinese government. A service ...
http://www.phnompenhpost.com/index.php/2011072250563/Business/anz-royal-sees-yuan-role.html
Vendors face eviction to beautify beach
In May Cambodia became a member of the World’s Most Beautiful Beach Club and as a result Koh Kong provincial authorities are not renewing leasing for beachfront stores and evicting those who work there. The leases are said to have expired two months ago, and ...
Supertex workers in new strike
Textile workers at the Supertex factory are considering holding another strike because their compensation demands have not been met during an Arbitration Council hearing. Previously Supertex announced it was closing its factory without having given prior notice, prompting the 1,600 works to seek arbitration. With ...
Fire trucks blamed in fainting
The mass fainting spell that affected the Hung Wah Cambodia Garment Manufacturing factory in Phnom Penh yesterday has been blamed on the lack of sleep due to fire trucks having been nearby during the night putting out a blaze. There has been some debate over ...
Army aided loggers: US Cable
A US diplomatic cable released by WikiLeaks from the Embassy in Bangkok has provided evidence that Cambodian soldiers were providing assistance and protection to loggers along the Thai-Cambodian border. Some of the loggers were killed in clashes with Thai troops. The allegations have been denied ...
http://www.phnompenhpost.com/index.php/2011072250578/National-news/army-aided-loggers-us-cable.html
Beer girl exploitation revealed
The exploitation of women who work as beer promoters is soon to be exposed in a report that is going to be released by Care Cambodia and the Solidarity Association of Beer Promoters in Cambodia. The report will include first had accounts and interviews of ...
Koh Kong king halted
Ly Yong Phat and his company LYP Group have been ordered to cease all dredging operations on the Tatai river pending a review of the effects by the Ministry of Water Resources and Meteorology. LYP Group currently has a permit to dredge seven areas of ...
http://www.phnompenhpost.com/index.php/2011072250582/National-news/koh-kong-king-halted.html
Mortgage lending improving as real estate sector slowly returns to strength
Mortgages are increasingly being used by home buyers in Cambodia according to experts. Commercial banks had slowed direct loans to property development in the wake of the 2008 global financial crisis, though mortgage lending has increasingly filled the space, said National Valuers Association of Cambodia ...
Price tag set for railway link to Vietnam border
The rail link to Vietnam from Cambodia has been estimated at $686 million dollars. The link would finally connect Singapore to Kunming, China. The $686 million does not include compensation for those who link along the proposed railway locations and no funding has been confirmed ...