ព័ត៌មាន
Cables From Bangkok, Phnom Penh Show Varying Analyses
According to diplomatic cables released by WikiLeaks US officials in Bangkok believed that Prime Minister Hun Sen’s decision to name former Thai premier Thaksin Shinawatra as an economic adviser in 2009 backfired after it increased support of the opposition. The Premier at the time of ...
Puma’s new dizzy spell
Puma, the sportswear company, has said that it is taking the outbreak of fainting spells at its suppliers “very seriously.” The company is taking measures after a report by the Fair Labour Association found that breaches in labour laws had contributed to some 300 workers ...
http://www.phnompenhpost.com/index.php/2011072650626/National-news/pumas-new-dizzy-spell.html
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. ...
June Textiles Agrees to Compensate Workers
June Textiles Factory has agreed to compensate more than 4,000 workers who have lost their jobs when the factory burned down after months of protests and arbitration hearings. The announcement came from the Garment Manufacturers Association in Cambodia that the workers would be receiving the ...
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
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
Mass Faintings Continue at Two Factories
Workers at two different factories in Phnom Penh suffered mass fainting spells yesterday according to the Ministry of Labor and the factory officials. A Puma owned shoe factory 49 workers fainted and at the Hung Way garment factory another 64 workers fainted. The Puma factory ...
Angkor Beer Promoters Protest for More Overtime Pay
Angkor Beer promoters held a protest outside of Cambrew Ltd in Phnom Penh in order to receive more overtime pay on the weekends, following an Arbitration Council order that the company pay each employee $2 more and Angkor Beer’s failure to do so. The 30 ...
Impact Analysis Urged for Massive Trade in Macaques
32,000 macaques primates have been exported from Cambodia over a 4 year period according to the Convention on International Trade in Endangered Species. The Species Survival Network has said that there is a significant trade in the animal and that it is most commonly used ...
Economist Say GDP to Reach 8.7%
Cambodia’s economic growth is expected to reach 8.7 percent this year as a result of the growth within the garment sector and the increased prices for agricultural products. The Economic Institute of Cambodia (EIC) has said that the garment industry, including the manufacturing of shoes, ...
Ministry Releases Data on Trade for 2011
The trade deficit of Cambodia has reached $1.02 billion for the first six months of the year or 48.63 percent according to the Ministry of Commerce. This is as a result of exports increasing 50 percent based on year-on-year data. According to Chan Sophal, president ...
Fashionistas Plan Extravanganza in Cambodia
2,000 some fashionistas from around Asia will descend on Phnom Penh in October for 10 days during the country’s first fashion event, costing an estimated $1 million. According to Sophy Ke, president of the Cambodia Fashion Council, Cambodia Fashion Week is intended to increase domestic ...
Villagers Block Rubber Company From Forest
60 villagers in Svay Rieng province demonstrated to prevent the Mittapheap Rubber Company from moving its machinery into the area. The company has plans to clear 500 hectares of land in what the villagers claim is their protected community forest. Adhoc is investigating the claims ...
Thais Feared VN Support, Cable Shows
A US diplomatic cable released by WikiLeaks shows that Thailand feared Cambodia gaining military support from Vietnam over clashes between the two neighboring kingdoms about the disputed Preah Vihear temple. Thailand was also prepared to invoke a treaty with the USA that requires the US ...
US Debt Woes Could Affect Cambodia, Conference Told
Cambodia is concerned that US debt could lead to rising import costs. US lawmakers are currently trying to pass a deficit-cut deal before Aug. 2 when the US reaches its own debt ceiling of $14.3 trillion. Without a deal the US would default on its ...
Concessions Affect 3,000 Families, Adhoc Says
According to human rights group Adhoc, five agro-farming concessions granted to Chinese firms are adversely affecting 3,000 families in Preah Vihear province. The concessions have come with warnings of possible land disputes and potential protests. Prime Minister Hun Sen granted the economic land concessions to ...
Basic Concerns Remain Priority in Rural Areas
Roads, bridges, schools, sanitation and other forms of basic infrastructure are still top priorities for many rural citizens of Cambodia. Comfrel has done a study of issues that voters are concerned with and found that infrastructure is a key area. Traditionally the rural areas have ...