ព័ត៌មាន
Defiance Greets World Bank's Funding Freeze
Government officials yesterday dismissed the World Bank’s recently revealed decision to freeze funding for new projects in Cambodia to protest a Phnom Penh real estate project that has forced thousand of families out of their homes. A housing rights group closely following the evictions said ...
Rice exports face challenges from foreigners in Cambodia
Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report. Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas ...
http://vietnambusiness.asia/rice-exports-face-challenges-from-foreigners-in-cambodia
Economic Census Sheds Light on Businesses
The Ministry of Planning yesterday released the preliminary results of the 2011 economic census, which found that Cambodia has a total of 503,008 businesses nationwide, of which nearly 20 percent are based in Phnom Penh. The census, which began on March 1 and was financed ...
President of Chamber of Commerce Is Re-Elected
The Cambodia Chamber of Commerce re-elected Royal Group chairman Kith Meng for his second three-year term as president yesterday. The presidents of 11 provincial chambers of commerce voted for Mr Meng, who is also president of the Phnom Penh Chamber of Commerce. ...
World Bank Halts Funds Over Evictions
The World Bank has frozen funding to Cambodia, making good on its threat in March to reconsider aid levels to Cambodia in response to the ongoing eviction of thousands of Phnom Penh families from Boeng Kak lake, a Bank official confirmed yesterdaySome 3,000 families have ...
World Bank stops funds for Cambodia over evictions
The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country’s capital, Phnom Penh. “The World Bank’s last ...
http://www.reuters.com/article/2011/08/09/cambodia-worldbank-idUSL3E7J920D20110809
Fashion retail enters the online era
SOURSDEY Fashion occupies a small shopfront near the Russian Market. It looks similar to many of the small boutiques sprouting up across Phnom Penh, packed with the latest in fashion aimed at young, trendy consumers. But the shop’s business plan differs from that of many ...
More workers faint at factory
About 50 factory workers fainted on Friday at the Zhen Tai Garment (Cambodia) Co Ltd factory on the outskirts of Phnom Penh, the day after a group of workers fainted at the facility. On Thursday, roughly 30 workers fainted and about 2,000 fled the factory ...
Girl freed from T&P training centre
The Association of Cambodian Recruitment Agencies will consider kicking its most notorious member, T&P Co Ltd, out of the association if the company is found to have falsified documents to conceal the age of a 15-year-old girl rescued from its training centre last week. ACRA ...
Inflation fuels protest over petrol prices
More than 200 factory workers gathered at Freedom Park near Wat Phnom yesterday to urge the government to cut taxes on petrol, saying fuel prices were driving food prices beyond what they could afford. But the government is doing all it can to curb inflation ...
Rising Consumer Prices Draw Hunderds to Protest for Action
Some 200 factory workers and taxi drivers protested in Phnom Penh yesterday morning to demand that the government take action to curb the rising costs of food and fuel, and threatened larger demonstrations if it failed to actAccording to figures released by the National Institute ...
Teenager Rescued From T&P Training Center
Police and a human rights group said they rescued a 15-year-old girl from the training center of an overseas job recruitment agency in Kompong Chhnang province on Saturday. A rights worker said two more underage girls had been saved from being sent abroad to work ...
CAMBODIA HOSTED 7TH ASIA ECONOMIC FORUM
Cambodia, on Saturday, hosted the 7th Asia Economic Forum ( AEF) under theme of “The Asian Century in the Making: Achievements, Challenges and Future Trends” while highlighting the majority of the region’s demonstrated remarkable resilience against the global economic and financial crises, while major superpowers ...
Region’s links crucial
Improved transportation links will assist further economic growth in the region, as Cambodia’s economy continues to improve, officials said yesterday. Ministers from Cambodia as well as China, Laos, Vietnam, Thailand and Myanmar met yesterday at the 17th Greater Mekong Subregion Ministerial Conference held in Phnom ...
http://www.phnompenhpost.com/index.php/2011080550888/Business/regions-links-crucial.html
Firing pregnant staff triggers strike
More than 500 workers at a garment factory in suburban Phnom Penh went on strike yesterday over what they described as their employer’s history of disregarding labour laws, including firing pregnant employees. Taiwanese-owned Nan Kuang Garment (Cambodia) allegedly forces staff to work overtime, employs under-age ...
Boss blames panic on alarm
About 2,000 workers fled a garment factory on the outskirts of Phnom Penh and an estimated 30 workers fainted yesterday after sparks started flying from a generator and a fire alarm went off at 10:00am. Chea Mony, president of the Free Trade Union, said the episode ...
http://www.phnompenhpost.com/index.php/2011080550882/National-news/boss-blames-panic-on-alarm.html
Business Registrations Up 34% This Year
The number of businesses that registered at the Ministry of Commerce during the first seven months of this year increased 34 percent compared to the same period last year, according to ministry figures released yesterday. According to the data, in the first seven months of ...
Economic Plan for Mekong Region Gets Finalized
Ministers from the six Mekong region nations concluded a two-day meeting yesterday in which they solidified plans for an economic strategy that would span a decade and require billions in investment. Speaking at Phnom Penh’s Peace Palace at the annual ministerial meeting, Minister of Commerce ...
Plans Name Developer of Sisowath Quay Site
Architectural plans of a property development that is blamed for causing structural damage to French colonial-era buildings on Phnom Penh’s Sisowath Quay show drawings of a five-story residential building, complete with underground car parking. According to the plans, dated July 11, the mysterious company behind ...
Two dollar strike to continue
Angkor Beer promoters yesterday rejected an offer from the municipality that would have required them to suspend their strike while officials negotiated a solution for them, telling Phnom Penh’s deputy governor that their protest is legal and that their employer is breaking the law. More ...
Residents tell tycoon to back off
Families protesting encroachment onto their land by a tycoon who is expanding a road in Phnom Penh’s Meanchey district filed a complaint to the Prime Minister’s cabinet and the Municipal Court on Tuesday. On Friday, employees working for tycoon Thong Sarath demolished fences on eight ...
Complaint over violence
Twenty-nine community representatives from Kampong Speu’s Phnom Sruoch district travelled in person to the National Assembly building in Phnom Penh yesterday to file a complaint against provincial governor Kang Heang and other officials, accusing them of “robbing a total of 950 hectares of farm land”. ...
http://www.phnompenhpost.com/index.php/2011080450865/National-news/complaint-over-violence.html
City Hall Calls On Angkor Beer Promoters to Protest Peacefully
Phnom Penh City Hall yesterday warned Angkor Beer promoters to protest peacefully until a resolution could be reached on their pay claims, a union representative said. Protests held by the Angkor Beer promoters turned violent on Tuesday evening, with one promoter hospitalized after protestors clashed ...
Two Khmer Papers Told to Halt Publishing
The Ministry of Information on Tuesday ordered two Khmer-language newspapers owned by the same publisher to halt publication for failing to follow ministry rules. In a notice signed by Minister of Information Khieu Kanharith, Phnom Penh-based The Water and Fire News and The World newspapers ...