News

Chinese company given license to go for gold in Kratie

The government has given a Chinese mining company the right to extract gold from 28 square km of land in Kratie province’s Sambor district, a provincial official said yesterday. On July 5, the Ministry of Industry, Mines and Energy granted Hing Yuan Hanng Yeak Co Ltd ...

CamGSM deal said to be close

Telekomunikasi Indonesia’s majority stake purchase of Cambodian mobile operator CamGSM is nearing the end of negotiations that have lasted almost a year Telkom’s planned purchase of CamGSM was part of a 1 trillion rupiah (US$116 million) acquisition strategy for 2012, the Indonesian newspaper Kontan reported yesterday ...

http://www.phnompenhpost.com/index.php/2011091451619/Business/camgsm-deal-said-to-be-close.html

BBAC event set to lure British firms

The number of British companies operating in the country is expected to increase in the coming years, as the British Business Association of Cambodia (BBAC) gears up to chair the Kingdom’s first Britain in Southeast Asia conference next month. The conference, which is set to draw ...

http://www.phnompenhpost.com/index.php/2011091451618/Business/bbac-event-set-to-lure-british-firms.html

Cambodia and UK trade surges in 2011

Bilateral trade between Cambodia and the United Kingdom increased more than 55% year-on-year during the first six months of 2011, according to the British Embassy in Phnom Penh. Total trade between January and June equalled US$247.2 million, up from $159.3 million during the same period in ...

http://www.phnompenhpost.com/index.php/2011091451620/Business/cambodia-and-uk-trade-surges-in-2011.html

Xayaburi dam may cause earthquakes: Vietnamese report

The Xayaburi dam project in Northern Laos might increase the probability of earthquakes in a region already prone to seismic activity, according to a recently translated report from Vietnam. The 1260-megawatt project sits about 100 kilometres south of the Lai Chau-Dien fault line. Construction activity on the ...

http://www.phnompenhpost.com/index.php/2011091451635/National-news/xayaburi-dam-may-cause-earthquakes-vietnamese-report.html

Bankrupt garment factory promises to pay workers

A representative of Mirea Apparel Factory in the capital’s Meanchey district had promised that more than 500 “agitated” workers would receive a month’s worth of back pay tomorrow, a union official said yesterday. Free Trade Union executive officer Um Lina said that factory representatives had also ...

http://www.phnompenhpost.com/index.php/2011091451634/National-news/bankrupt-garment-factory-promises-to-pay-workers.html

Agriculture sees influx of new firms

The number of new businesses that registered in the first eight months of the year increased 33% to 2,105 compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Officials said that many of the registrations between January and ...

Satellite city deal worth $1.6bn inked in capital

Construction of a US$1.6 billion satellite city on Phnom Penh’s Chroy Changvar peninsula will begin this year after officials inked a contract yesterday with local firm Overseas Cambodia Investment Corporation (OCIC). Dubbed “City of the Future”, the project would include a national stadium, a 60-hectare park, ...

http://www.phnompenhpost.com/index.php/2011091351607/Business/satellite-city-deal-worth-16bn-inked-in-capital.html

Premier predicts high growth

Cambodia’s economic growth could surpass previous estimates and hit 8.7% this year, Prime Minister Hun Sen said in a speech yesterday. Earlier government forecasts estimated growth of 6% for 2011, though increasing garment exports and a strong recovery in the tourism sector have stimulated the economy ...

http://www.phnompenhpost.com/index.php/2011091351608/Business/premier-predicts-high-growth.html

Cambodia to export rice to United Arab Emirates

Cambodian rice is due to be exported to the United Arab Emirates (UAE) at the end of this year after Cambodia’s rice exporters participate in the Rice International Conference and Exhibition (RICE) 2011, which will be held on November 3-5 in Madinat Jumeirah, Dubai, UAE In ...

http://www.phnompenhpost.com

Multimodal transport operation will be implemented in ASEAN countries in 2012

In 2012, Cambodia, Thailand, Vietnam, Laos and Myanmar will begin to implement a multimodal transport operations project in order to strengthen the ASEAN regional cross-border transport corridors and promote regional and transport development toward the ASEAN-community integration in 2015, senior officials said this week ...

Business sector feels pinch of govt's minimum wage hike

BANGKOK – The Pheu Thai-led coalition government’s planned 300 baht daily minimum wage hike has forced some businesses to shift their production bases to areas bordering Cambodia and Myanmar, the Employers’ Confederation of Thailand (ECOT) told a seminar on Monday. At a seminar on implementing the ...

http://www.mcot.net/cfcustom/cache_page/266308.html

ABF Freight Adds Offices in Asia

ABF Freight System Inc. on Monday announced it had opened offices in Indonesia, Japan, Singapore, South Korea, Malaysia, Vietnam, Thailand, Cambodia, Myanmar, the Philippines, India and Sri Lanka. The locations are in addition to ABF offices in China, Hong Kong and Taiwan, ABF said in a ...

http://www.arkansasbusiness.com/article.aspx?aID=128384.54928.140526

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Kuwait-India JV to explore for gold, iron in Cambodia

Kuwait’s Pima International Co and D&D Pattnaik Group of India have jointly established Pima D&D International Co to explore for gold and iron in Cambodia The firm plans to invest between US$10 million and $15 million in gold and iron exploration in Kampong Chhnang, Kratie and ...

http://www.nationmultimedia.com/home/Kuwait-India-JV-to-explore-for-gold-iron-in-Cambod-30165023.html

Radiation detection equipment installed at Sihanoukville Port

In the fulfillment of a 2009 pact made between the US and Cambodia to reduce the risk of terrorist activity, the US National Nuclear Security Administration announced on Thursday that it had installed radiation detection equipment at Sihanoukville Autonomous Port. With the new equipment, the port ...

Bio-fuelled power plant to go online

A rice-husk powered power plant will officially open in Kampong Speu at the end of the year, set to provide electricity to the district’s rice millers, according to officials from operator Golden Rice Cambodia. The US$2 million generator is set to supply power to all of ...

http://www.phnompenhpost.com/index.php/2011091251590/Business/bio-fuelled-power-plant-to-go-online.html

Yingluck adds fuel to gas talks

Deputy Prime Minister and head of the Cambodian National Petroleum Association Sok An has called for the resumption of talks with Thailand over the disputed overlapping claims area in the Gulf of Thailand, believed to be rich in oil and natural-gas reserves. The oil industry had ...

http://www.phnompenhpost.com/index.php/2011091251581/National-news/yingluck-adds-fuel-to-gas-talks.html

Arbitration council orders an end to strike

The Arbitration Council has ordered more than 700 workers at the Wei Xin garment factory to end a week-long strike they have staged in protest against a spate of issues they have with the company over contracts and payment. A decision handed down on Saturday by ...

http://www.phnompenhpost.com

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