ព័ត៌មាន
Maybank steers for untapped markets
Maybank will bet on what it said was Cambodia’s low bank-penetration rate for future growth as it transitions from a branch of its Malaysian parent into a locally incorporated subsidiary. With 34 licenced banks operating in a market with US$4.07 billion in loans in 2011, analysts ...
1,600 Tons of Cassava Stuck at Thai Border
More than 1,600 tons of cassava have been stuck at the Thai-Cambodian border in Banteay Meanchey for several days because Thai officials have banned imports of the crop in an effort to support domestic prices at home, officials and exporters said yesterday. The cassava, 800 tons ...
Cambodia’s SMEs told to ready for AEC 2015
Cambodian officials are pushing the country’s small- and medium-sized enterprises to prepare for a potential increase in demand expected with the establishment of the ASEAN Economic Community by 2015. ...
Hun Sen: we won’t be bought
After a week of global media reports dissecting Cambodia’s relationship with China, Prime Minister Hun Sen had apparently had enough yesterday – lashing out at the media and analysts he termed “crazy” in what proved an unexpected conclusion to the 20th ASEAN Summit. The premier spent ...
http://www.phnompenhpost.com/index.php/2012040555451/National-news/hun-sen-we-wont-be-bought.html
Kingdom inks $60.3m loan for flood relief
The Ministry of Economy and Finance yesterday signed a US$60.3 million loan package with Asian Development Bank to aid in reconstruction efforts after the Kingdom last year suffered its worst floods in a decade. ...
Sea dispute still in limbo
A code of Conduct governing the South China Sea remains only an “eventual” prospect, Prime Minister Hun Sen said yesterday, despite it dominating discussions during this week’s ASEAN Summit. From the beginning of Monday’s Foreign Ministers’ Meeting, the question of China’s potential involvement in the drafting ...
http://www.phnompenhpost.com/index.php/2012040555452/National-news/sea-dispute-still-in-limbo.html
More Than 100 Workers Faint At Nike Factory
More than 100 female workers fainted yesterday in Kompong Speu province at a Taiwanese-owned garment factory manufacturing clothes for the US sports brand Nike, an official from the Ministry of Labor said. Pok Vanthath, deputy director of vocational safety inside the ministry’s health department, said he ...
Maid starved to death in Malaysia, police say
Another Cambodian maid died in Malaysia last week, and starvation by her employers is the likely cause, Malaysian police said yesterday. Speaking to the Post by phone, Penang state police chief deputy commissioner Datuk Wira Ayub Yaakob said 24-year-old domestic worker Mey Sichan’s employer had called ...
Maybank Cambodia aims to be in top 5 by 2015
Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...
Fire in Kandal Warehouse Destroys 200 Tons of Rice
Two hundred tons of unmilled rice slated for export to Vietnam was destroyed in a warehouse fire in Kandal province’s Ang Snuol district early yesterday morning ...
Mass factory fainting
107 workers at the Sabrina Garment factory in Kampong Speu’s Sambo commune were sent to hospital after becoming dizzy and fainting late yesterday morning. Choek Borin, the Labour Department’s Kampong Speu bureau chief, said that 107 factory workers fainted ...
http://www.phnompenhpost.com/index.php/2012040555443/National-news/mass-factory-fainting.html
Clash with sugar firm puts villagers in court
Kampong Speu provincial court issued summonses yesterday to five villagers from Thpong district’s Omlaing commune, who are involved in a long-standing land dispute with Cambodia People’s Party senator Ly Yong Phat’s Phnom Penh Sugar company. ...
Philippines Wants China Out of Talks
The rift between Cambodia and the Philippines over the role of China in addressing the South China Sea issue continued to widen yesterday, with the Philippines’ president telling his counterparts during an Asean Summit meeting that China should be left out of discussions on a ...
បាតុកម្មប្រឆាំងនឹងក្រុមហ៊ុន Pheapimex Group
កាលពីម្សិលមិញ មនុស្សប្រហែល៣០០ នាក់មកពីភូមិចំនួន៦នៅក្នុងឃុំក្បាលត្រាចខេត្តពោធិ៍សាត់បាន ធ្វើការតវ៉ានៅក្រៅការិយាល័យស្រុកក្រគររបស់ក្រុមហ៊ុនPheapimex Groupដែលជាការប្រឈមមុខដាក់គ្នាថ្មីបំផុតនៅក្នុងជម្លោះដីធ្លី មួយអស់រយៈពេល ១៣ ឆ្នាំមកហើយ។ តំណាងអ្នកភូមិមួយរូបឈ្មោះ ឌុក សារីបានឱ្យដឹងថា ពួកគេបានមកដើម្បីទាមទារឱ្យក្រុមហ៊ុននេះពន្យល់ពីមូលហេតុដែលបាន យកដីនិងបំផ្លាញទ្រព្យសម្បត្តិរបស់ពួកគេ។ ...
ម៉ៃ ទិត្យថារា
http://www.phnompenhpost.com/national/pursat-pheapimex-protest
SEA firms to ship $2b of rubber to China
Cambodia’s Prominence Investment Enterprise and Thailand’s Panpee Group have signed an agreement to supply China’s Yunnan Rubber Co Ltd with 500,000 tonnes, or US$2 billion worth, of rubber per year, Sam Kay, general manager of the local partner, said yesterday. ...
Maybank plans Cambodia subsidiary
Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence ...
http://www.phnompenhpost.com/index.php/2012040455412/Business/maybank-plans-cambodia-subsidiary.html
Stocks’ excellent first quarter
Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...
http://www.phnompenhpost.com/index.php/2012040455410/Business/stocks-excellent-first-quarter.html
Hundreds Protest Against Land Clearing by Pheapimex Co
About 300 villagers in Pursat province’s Krakor district yesterday protested to stop the powerful Pheapimex Company from clearing their farmland after armed military police arrived in the area to guard the firm’s government-awarded land concession, villagers said. The company used two excavators and nine bulldozers to ...
Indonesia, Philippines Skip Civil Society Meeting
Some of Southeast Asia’s most acute problems were left unmentioned yesterday when government-sanctioned civil society groups met with Asean leaders at the regional bloc’s summit in Phnom Penh. NGOs from eight of the 10 Asean states attended the meeting, but the Indonesian delegation pulled out, complaining ...
ASEAN hits troubled waters
Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...
http://www.phnompenhpost.com/index.php/2012040455423/National-news/asean-hits-troubled-waters.html
Gaming firm to expand Poipet operations
American Stock Exchange-listed Entertainment Gaming Asia Inc has announced it will build and operate a slot hall as an addition to an existing casino in Poipet city on Cambodia’s border with Thailand, according to a company statement. ...
Kratie villagers seek accord
Kratie provincial authorities met with more than 500 Pi Thnou commune families seeking a social land concession yesterday, making good on a promise made last week in order to get villagers to end their blocking of national road 6A. ...
http://www.phnompenhpost.com/index.php/2012040455417/National-news/kratie-villagers-seek-accord.html
More Than 65% of Registered NGOs Inactive, Report Shows
Approximately 65 percent of the country’s 3,492 registered international and local NGOs are inactive, leaving only about 1,350 active NGOs in the country, according to a report issued yesterday by NGO network Cooperation Committee for Cambodia (CCC). The report, “CSO Contributions to the Development of Cambodia ...
Borei Keila evictees ‘will die’ without aid
Borei Keila evictees sleeping under stairs at the site where their houses were bulldozed in January would die unless more aid organisations provided them with food, an NGO representative said yesterday. Amnesty International paid for the Housing Rights Task Force (HRTF) to deliver more than 1,200 ...