សេដ្ឋកិច្ច និងពាណិជ្ជកម្ម
‘Take it or leave it’
The uncle of a man who died in Thursday’s ceiling collapse at the Wing Star Shoes factory in Kampong Speu province claimed yesterday that the company had threatened to give the family nothing if they did not agree to an on-the-spot payout. It came as a ...
http://www.phnompenhpost.com/2013052065719/National/take-it-or-leave-it.html
Kampot pepper yield down
This year’s weather has proven too hot for the Kingdom’s famous Kampot pepper, as yields of the spice dropped for the first time since 2008. Some 22 tonnes of pepper were harvested this year between January and May, short of the 27 tonnes predicted for this ...
http://www.phnompenhpost.com/2013052065706/Business/kampot-pepper-yield-down.html
Agriculture needs more loans, irrigation systems, experts say
Accessing low-interest loans for rice cultivation is a challenge because the industry in Cambodia is dependant upon rainfall and not irrigation and is thus more risky, experts said last week. In a meeting on the private sector development in the rice sector, Lim Heng, vice president ...
Troubled Village Embroiled In New Land Disputes
A year after a massive military raid here that left a 14-year old girl dead and hundreds of families evicted, there remains little sign of the original land dispute that turned this rural village into a hotbed of agitation. But a new firm and a government-issued ...
http://www.cambodiadaily.com/news/troubled-village-embroiled-in-new-land-disputes-25184/
Protestors Block National Road Over Energy Prices
About 300 people on Saturday blocked off a stretch of National Road 5 in Banteay Meanchey province protesting what they call is an unfair increase in electricity prices. Protesters believe that the private electricity supplier, Sok Vitith, altered the Commune’s electricity converter without telling the ...
Cambodia exports to Thailand rise as nations improve economic ties
Cambodia’s total exports to Thailand sharply increased in the first quarter of the year, according to official data from Ministry of Commerce received by the Post last week. Officials said the rise is the result of efforts by both countries to improve trade facilitation and economic ...
Trade Deal Threat Still On Table
The European union’s executive arm has responded to its parliamentarians’ concerns over rights abuses stemming from Cambodia’s economic land concessions, maintaining that, should the need arise, it “will be ready” to withdraw from its preferential trade agreements with the Kingdom. In a joint letter to concerned ...
http://www.phnompenhpost.com/2013052065716/National/trade-deal-threat-still-on-table.html
Ethnic villagers, firm battle over Ratanakkiri plot
A local official and four ethnic minority Tompuon villagers appeared in a Ratanakkiri court on Friday to face accusations of land-grabbing and protesting against a private company that purchased their land in 2007, authorities said yesterday. Rocham Pheun, an assistant to the chief of Keh Chung ...
Factory Orders Staff Back to Work Amid Safety Concerns
Employees at a Taiwanese-owned shoe factory in Kompong Speu province where two workers were killed when one of the building’s floors collapsed on Thursday have been ordered back to work today, despite ongoing concerns from labor activists about the building’s safety. While conceding that some parts ...
http://www.cambodiadaily.com/news/factory-orders-staff-back-to-work-amid-safety-concerns-25192/
EU Won’t Investigate Land Concessions—for Now
The trade commissioner and foreign affairs representative of the European Union (E.U.) have turned down a request from 13 members of the European Parliament that they immediately investigate Cambodia’s much criticized economic land concessions, but said they were monitoring the issue closely. In a March letter ...
http://www.cambodiadaily.com/news/eu-wont-investigate-land-concessions-for-now-25194/
Court takes another crack at Bandith case
Unions representing more than 15,000 members have called for justice for three women ahead of round two of legal action against their alleged shooter, deposed Bavet town governor Chhouk Bandith. Bandith, who is accused of shooting the three workers during a protest at a factory in ...
http://www.phnompenhpost.com/2013052065718/National/court-takes-another-crack-at-bandith-case.html
ASICS Wants Monitoring Of Cambodian Sub-Contractors After Accident
The Japanese athletics brand ASICS said Friday that it would push its four Cambodian sub-contractors to join a programme that monitors conditions in garment and shoe factories. “We will strongly request to our sub-contractors in Cambodia to sign up to this programme,” Katsumi Funakoshi, ASICS ...
After Factory Collapse, Questions Mount Over ILO Monitoring
Labor rights activists and a government official accused the International Labor Organization’s Better Factories Cambodia program of ineffectiveness in its monitoring of factory conditions following a deadly ceiling collapse on Thursday at a shoe factory in Kompong Speu province. Moeun Tola, labor program head of the ...
http://www.cambodiadaily.com/news/after-factory-collapse-questions-mount-over-ilo-monitoring-24860/
Instalment payments for goods gaining purchase
AEON Microfinance (Cambodia) Co, part of Japan-based AEON Group, said sales by instalment for electrical appliances and motorbikes increased by 715 per cent in the first quarter of 2013 year on year, a trend industry experts say will grow further with increasing demand for electronics. Started ...
MIME launches business award
The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...
http://phnompenhpost.com/2013051765677/Business/mime-launches-business-award.html
Japan signs a $90m loan deal to improve highway
After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5. The construction is scheduled to start in June 2015 and will be ...
Australia Ups Aid Funding
Australia announced yesterday that it will increase the amount of aid it provides Cambodia by about US$13 million (A$13.2 million) in the coming year, putting the country’s official development assistance at $96.1 million. ...
http://www.phnompenhpost.com/2013051765681/National/australia-ups-aid-funding.html
Cambodian buses in Saigon to be strictly controlled
In the petition to the National Road Administration, Deputy Director of the HCM City Department of Transportation – Mr. Duong Hong Thanh, reported that at the time the Vietnam-Cambodia agreement on land transportation took effect, only 40 cars of each country were allowed to cross ...
http://english.vietnamnet.vn/fms/society/74337/cambodian-buses-in-saigon-to-be-strictly-control.html
Cambodian factory deaths shine spotlight on conditions
The deaths of at least two Cambodian workers and injuries sustained by 10 colleagues at a shoe factory southwest of Phnom Penh once more shine a light on conditions in the global garment manufacturing industry. Thursday’s accident at the Wing Star Shoe factory in the Cambodian ...
http://www.dw.de/cambodian-factory-deaths-shine-spotlight-on-conditions/a-16819017
Hun Sen Hopes for Increased Rubber Exports
Prime Minister Hun Sen said Wednesday that he hoped land being registered to rural families as part of the government’s nationwide land-titling program would be used to cultivate rubber trees in order to help the country compete with Vietnam as the world’s third-largest rubber exporter. ...
http://www.cambodiadaily.com/news/hun-sen-hopes-for-increased-rubber-exports-24502/
Bangladesh woes spare Kingdom
A recent string of disasters rocking Bangladesh’s garment industry has highlighted its factories’ shocking safety record, and stoked optimism that giant fashion brands will flock to move their orders to countries like Cambodia. But Cambodia’s garment industry has not experienced any major deluge of business so ...
http://www.phnompenhpost.com/2013051665643/Business/bangladesh-woes-spare-kingdom.html
Charges in Ratanakkiri arson
The Ratanakkiri Provincial Court yesterday charged two staffers of Vietnamese rubber concessionaire Hoang Anh Ratanakkiri (CRD) with causing intentional damage for allegedly setting fire to several homes belonging to a landowner with whom they were embroiled in a land dispute, deputy prosecutor Mom Vanda said. ...
http://www.phnompenhpost.com/2013051665652/National/charges-in-ratanakkiri-arson.html
Cambodia’s Beauty Industry Blossoming
The beauty business in the Kingdom is growing rapidly as incomes are rising and the middle-class is growing, industry insiders told the Post yesterday. In the first three months of this year, the Kingdom imported cosmetic products worth $9.9 million, an increase of 130 per cent ...
http://www.phnompenhpost.com/2013051665644/Business/cambodia-s-beauty-industry-blossoming.html
PM Defends Interest Rates
Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...
http://www.phnompenhpost.com/2013051665645/Business/pm-defends-interest-rates.html