ព័ត៌មាន
Third Taiwanese Bank Slated To Open in Cambodia
The Taiwan Cooperative Bank will become the third bank from Taiwan, which has no diplomatic relations with Cambodia under the “one-China” policy. National Bank of Cambodia officials say the bank has been provisionally approved, but that the central bank needs time to look over the fine ...
http://www.voacambodia.com/content/third-taiwanese-bank-slated-to-open-in-cambodia/1522678.html
Insurance becomes next emerging market
Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential ...
Verdict in Wutty case delayed
An expected verdict in the unintentional murder case of the man accused of shooting slain environmentalist Chut Wutty’s killer was delayed at Koh Kong Provincial Court yesterday because the presiding judge was ill. Neang Boratino, Koh Kong provincial coordinator for the rights group Adhoc, said a ...
Habitat Day Marked by capital's evictees
Evictees wearing small model houses on their heads to symbolize their struggles marched to the National Assembly yesterday to ask authorities to intervene to stop more forced evictions. About 400 representatives of 40 communities across the capital joined human rights activists at the former Dey Krahorm eviction site ...
Growth in Cambodian service sector, says ADB
Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...
Signs point to more diverse investment projects in Cambodia
The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom’s economy is dependent on a few “pillars”-garments, construction, tourism and agriculture-downturns in any of those sectors can ...
Ministry of Labor Launches Anti-Fainting Campaign
The Ministry of Labor on Sunday launched an educational campaign aimed at preventing further mass faintings in garment factories, a ministry official said yesterday. Meng Hong, director of the ministry’s inspection and legal affairs department, said that the campaign would target more than 30,000 garment workers ...
Court Questions Officials Over Slain Journalist
The Ratanakkiri Provincial Court yesterday questioned four people- including a military police official and a police officer- in relation to the killing of journalist Hang Serei Odom, whose body was discovered hacked to death last month in the trunk of his car,a court official and ...
Backers ask King to set Sonando free
Members of the Association of Democrats, the group led by jailed activist and Beehive Radio owner Mam Sonando, rallied in front of the Royal Palace yesterday to deliver petitions appealing for his release. Huon Phannary, the deputy secretary-general of the association, said yesterday that nearly 100 ...
Verdict Delayed in Case Linked to Chut Wutty
The Koh Kong Provincial Court had postponed until October 22 the verdict of Rann Boroth, the man charged with the accidental killing of a military police officer who allegedly killed environmental activist Chut Wutty in the Cardamom Mountains in April. Though rights groups have criticized the ...
First Rights Worker Questioned in Land Dispute Incitement Case
The Ratanakkiri Provincial Court yesterday questioned one of three human rights workers charged-alongside a journalist-with inciting ethnic minority villagers to protest violently against a powerful agro-industry firm during a 2009 land dispute. A representative of the villagers said yesterday that about 500 of them are planning to gather ...
Workers given lesson in how not to faint
Education garment workers and their bosses on how to avoiding fainting is the latest strategy the Ministry of Labor is using to address a problem that has plagued the industry in the past two years, a ministry official said yesterday. Labor Ministry Secretary of State Oum Mean said he ...
Relocated families appeal to Oz
Thirty families uprooted by Cambodia’s railway rehabilitation project have filed a complaint with Australia’s highest human rights body, alleging rights abuses as a result of the partially AusAid-funded rail project. The complaint to the Australian Human Rights Commission was made on behalf of the families by NGOs Equitable Cambodia and Inclusive ...
Hundreds Rally to Stop Forced Land Evictions in Phnom Penh
Hundreds of families from more than a dozen communities joined local human rights groups yesterday as they rallied outside the National Assembly for World Habitat Day, calling for an end to forced land evictions in Phnom Penh. Among those protesting were residents from the Boeng ...
http://www.cambodiadaily.com/hundreds-rally-to-stop-forced-land-evictions-in-phnom-penh/
Cambodia's Luxury Wood Trade to China Revealed
Thousands of cubic meters of luxury wood is being shipped from Cambodia to China each year, according to official Chinese import documents shown to The Cambodia Daily. According to the data, some 36,000 cubic meters of logs under the “rosewood” category have been recorded entering China ...
Kiwi Umbrella Company Conquers Global Market
New Zealand’s most wind-resistant outdoor umbrella range has taken the global market by storm with exports to 35 countries Shade7 is a Kiwi export success story and is run by businessmen and philanthropists David Jesze and Michael Pearce. Jesze and his wife currently live in Cambodia, where ...
http://www.scoop.co.nz/stories/BU1210/S00309/kiwi-umbrella-company-conquers-global-market.htm
Concerns over Cambodia's use of students in land titling scheme
Hun Sen’s titling plan was announced in June and is intended to resolve land conflict stemming from the Khmer Rouge regime’s ban on private property in the 1970s. Around 1,600 students have been sent around the country to demarcate 4.4 million acres of uncontested territory, which ...
Trade show starts on Wednesday
After a two-year hiatus, the CamBuild, CamFood and CamHotel exhibitions are back at Diamond Island this week, starting on Wednesday and going through to Friday. Andrew Siow, director of the Kuala Lumpur-headquartered AMB Exhibitions, says the three industry shows at the same time should attract more ...
http://www.phnompenhpost.com/index.php/2012100859159/Business/trade-show-starts-on-wednesday.html
Education ushers women into workforce
Gender inequality in education is still palpable in Cambodia, causing women to be undervalued in the workplace and their potential to be untapped, the Under Secretary of State at the Ministry of Women’s Affairs said during the celebration of the United Nations International Day of the ...
High Costs Cripple Trading Firms, Report Says
Import and export companies in Cambodia believe that high costs stemming from burdensome bureaucracy and poor infrastructure are putting them at a disadvantage compared to other firms transporting goods in the region, according to a recently released report by the Asian Development Bank. Surveying 39 export companies from the ...
Tycoon Takes to Hospital as Wife Returns to Prison
Lying in a hospital bed at Phnom Penh’s Naga Clinic yesterday well-known tycoon Khaou Chuly said that he may appeal to the prime minister to intervene in an attempted murder conviction against his wife that was upheld by the Supreme Court on Friday. Mr. Chuly, 83, ...
Inflation low in 2012: IMF
The International Monetary Fund (IMF) projected that Cambodia will have a very low inflationary rate to 3.5 per cent this year, which is 0.1 per cent below the goverment’s new revision but 0.5 per cent higher than the Asian Development Bank (ADB). Cambodia’s government in August also revised inflation ...
http://www.phnompenhpost.com/index.php/2012100859161/Business/inflation-low-in-2012-imf.html
High Court upholds verdict
The Supreme Court on Friday upheld the decisions of the lower courts in the case of Seng Chenda, wife of well-known tycoon Khaou Chuly, upholding a 20-year prison sentence for attempted murder, a court official said. According to judge Khim Pon, presiding, the court agreed with ...
http://www.phnompenhpost.com/index.php/2012100859147/National-news/seng-chenda-verdict-upheld.html