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Timber Plantation Awarded Sustainability Certificate

Grandis Timber Ltd.’s teak plantation in Kompong Speu province is the fist company in Cambodia to receive a certification from U.S-based Forest Stewardship Council (FSC) for its best practices in forest management, Grandis announced yesterday. “FSC certification recognizes FSC standard’s commitment to sustainable development of ...

http://www.cambodiadaily.com

RISDA To Open Two Plantations In Cambodia

The Rubber Industry Smallholders Development Authority (RISDA) is opening two plantations in Cambodia, its director-general Datuk Wan Mohamad Zuki Mohamad said Wednesday. He said discussions had been held with the companies that would be tasked with managing the plantations last week. “We are now awaiting approval ...

http://www.bernama.com.my/bernama/v7/ge/newsgeneral.php?id=964158

Trading Floor Silent Two Years After CSX Launch

It is almost two years to the day since Cambodia’s stock market launched in Phnom Penh in front of proud government officials, senior financiers and eager investors from across the region. Initial expectations were that a total of three state-owned firms would be listed within six ...

Hul Reaksmey and Alex Willemyns
http://www.cambodiadaily.com/business/trading-floor-silent-two-years-after-csx-launch-35211/

Political bias alleged

Four families in Oddar Meanchey province’s Samrong town have filed a complaint with their commune hall, alleging that a military official and a village chief are trying to block them from receiving land titles because the families support the Cambodian National Rescue Party. The families and ...

http://www.phnompenhpost.com/national/political-bias-alleged

Teacher raises made public

In the middle of an election campaign in which wages have been a prominent issue, the Ministry of Education did something out of the ordinary Monday: It made public the official pay scale it uses to remunerate its teachers. The list contains figures that are somewhat ...

http://www.phnompenhpost.com/national/teacher-raises-made-public

Mystery Surrounds Ratanakkiri’s First Special Economic Zone

Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yad­aw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...

http://www.cambodiadaily.com/business/mystery-surrounds-ratanakkiris-first-special-economic-zone-35235/

Angkor Wat revenue at $51 million for last year

Revenue from foreign tourists buying passes to see temples in Siem Reap’s Angkor Wat complex amounted to about $51 million last year, according to a Post calculation of data that was released Friday in a letter by the Apsara Authority, which manages the site. [Bun] Narith ...

http://www.phnompenhpost.com/business/angkor-wat-revenue-51-million-last-year

Japanese Companies Host Employment Fair in Phnom Penh

Cambodian students, graduates and jobseekers filled the main hall of the Cambodia-Japan Cooperation Center on Tuesday looking for employment opportunities with some of Japan’s largest corporations. Organizers said the event aimed to bridge the gap between skilled Cambodian job seekers and companies from the world’s third ...

http://www.cambodiadaily.com/business/japanese-companies-host-employment-fair-in-phnom-penh-35242/

Cambodia's Top Trade Union Backs Opposition in Polls

Cambodia’s Free Trade Union (FTU), one of the biggest unions in the country, threw its weight Monday behind the largest opposition party ahead of upcoming elections, citing the party’s commitment to raising the minimum wage for factory workers. Union representatives from 37 factories and enterprises met ...

http://www.rfa.org/english/news/cambodia/workers-07152013192923.html

Ministry to Survey Gap Between University, Jobs

The Ministry of Education is preparing to distribute questionnaires nationwide to assess the gap between the job market and subjects being studied by university students. As Cambodia’s economy develops, employers have complained that there are too many graduates in subjects such as management and business, ...

http://www.cambodiadaily.com/news/ministry-to-survey-gap-between-university-jobs-34764/

Asian garment industry to undergo further segmentation

The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...

http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm

Oxley to acquire Cambodian asset for US$11.2m

In a release, Oxley Holdings Limited announced that the Group’s 49%-owned associated company, Oxley-Worldbridge (Cambodia) Co., Ltd., had entered into an amendment agreement dated 1 July 2013 in respect of a share sale and purchase agreement dated 22 May 2013 to acquire all the shares ...

http://sbr.com.sg/commercial-property/more-news/oxley-acquire-cambodian-asset-us112m#sthash.MwztrlYA.dpuf

Despite Land Loss, Minorities Back Status Quo

Romam Gvin could be described as a counterintuitive voter. Intuition might lead you to believe that Mr. Gvin blames the government for the loss of his land to the Vietnamese rubber company that now owns everything for as far as the eye can see here in ...

http://www.cambodiadaily.com/elections/despite-land-loss-minorities-back-status-quo-34786/

Rice husk to power agriculture

Cambodia-based SOMA Energy will construct two bio-mass power-generating plants that convert rice husks into electricity to supply Cambodian farmers working in the provinces. SOMA energy, a subsidiary of SOMA group, has invested nearly $3 million in the construction of the plants, one of which is located ...

http://www.phnompenhpost.com/business/rice-husk-power-agriculture

FAO sees slight decline in Cambodian rice harvest this year

Cambodia’s rice harvest is forecast to reach 9.1 million tonnes this year, down from an estimated 9.3 million tonnes last year but up from 8.8 million tonnes in 2011, the Food and Agricultural Organization said Thursday. The estimates were contained in the UN agency’s quarterly Crop ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MDBmNGIwNDFiZWY

Sales of palm sugar not so sweet

Sales of Cambodia’s World Trade Organization-certified palm sugar from Kampong Speu province dipped to 12 tonnes at the end of the harvest season this year, about a 30 per cent decline from 2012. Two districts with palm trees in Kampong Speu province were granted geographical indication ...

http://www.phnompenhpost.com/business/sales-palm-sugar-not-so-sweet

No bail for Sabrina unionists

According to defence lawyer Kao Ty, the court decided to uphold the decision of the provincial court in a closed-door hearing last Friday. “They said if those eight members and workers were released on bail, they would cause a problem again,” he said, adding that ...

http://www.phnompenhpost.com/national/no-bail-sabrina-unionists

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