News

$4m restaurant reflects growing Chinese presence in Cambodia

Old Place Seafood, a Chinese restaurant that cost $4 million, has opened in Phnom Penh. A representative of the restaurant, which is opposite the Chinese embassy, said the growing number of Chinese people in the Kingdom had justified such an investment. Luu Meng, president of the ...

http://www.phnompenhpost.com/2013020561175/Business/4m-restaurant-reflects-growing-chinese-presence-in-cambodia.html

Villagers Claim Injustice in Land-titling Project

More than 200 villagers living on an economic land concession on Pursat province say they were unfairly left out of Prime Minister Hun Sen’s nationwide land-measuring program after local authorities on Saturday printed the names of families eligible for land titles. Chhuon Khurn, chief of Phteah ...

http://www.cambodiadaily.com

India to supply HR development assistance

Cambodia has asked India to provide more assistance in the development of human resources to promote economic growth and enhance bilateral co-operation. Deputy Prime Minister Sok An made the request during a meeting with Indian human resource development minister Mangapati Pallam Raju in Phnom Penh on ...

http://www.phnompenhpost.com/2013020561182/Business/india-to-supply-hr-development-assistance.html

Japan's businessmen visit Myanmar, Cambodia for investment opportunities

A delegation comprised of Japan’s top business leaders, known as Keidanren, began a six-day trip to Myanmar and Cambodia Monday, seeking new business and investment opportunities there. Hiromasa Yonekura, chairman of the Japan Business Federation, is leading the delegation and said he hopes that meetings with ...

http://news.xinhuanet.com/english/business/2013-02/04/c_132150013.htm

Garment factory welcomes back striking workers

Revoking its decision to sack the vast majority of its work force for a prolonged strike, the Winson International garment factory agreed to allow the 868 workers back to work following negotiations late last month, worker representatives said yesterday. After mediation by officials from the Ministry ...

http://www.phnompenhpost.com/2013020561184/National/garment-factory-welcomes-back-striking-workers.html

Loans and deposits climb

Loans and deposits at Cambodia’s 32 micro-finance institutions and four NGOs, as well as small loans from Acleda Bank, rose sharply last year compared with a year earlier. Industry players say this is a result of the Kingdom’s rapid economic improvement and political stability. Official data from ...

http://www.phnompenhpost.com/2013020461166/Business/loans-and-deposits-climb.html

Hong Kong bans eggs from Cambodia

Hong Kong has banned egg imports from Cambodia due to the country’s recent avian influenza outbreak, which claimed four lives last month. “Hong Kong does not import live poultry or poultry meat from Cambodia, but 170,000 poultry eggs were imported from there last year,” the ...

http://www.phnompenhpost.com/2013020561181/National/hong-kong-bans-eggs-from-cambodia.html

Siem Reap International Airport records 340,000 passengers in January, South Korea stands first row

PHNOM PENH: the Siem reap international airport announced today that it gained 340,000 passengers for January and the South Korean passengers stand first class. “This is first time in its history, [sic] the statement said. It adds: barely a month after crossing the 2-millionth passenger milestone, ...

http://thesoutheastasiaweekly.com/?p=5355

Cambodia to boast its first tractor factory

Cambodia will soon boast its first tractor assembly plant, with operations expected to begin by the third quarter of this year. The one-hectare plant, in Phnom Penh’s Por Sen Chey district, is a joint venture by Belarus-based Minsk Tractor Works, one of the world’s biggest tractor producers, ...

http://www.phnompenhpost.com/2013020461165/Business/cambodia-to-boast-its-first-tractor-factory.html

King Father Mementos a Big Business for City's Vendors

Portraits of the late King Father Norodm Sihanouk covered the floor and dozens of coin-sized badges emblazoned with his image were scattered on the sidewalk in front of the Singha Mean printing house yesterday. Kuo Ransiky, the 41-year-old owner of the printshop on Phnom Penh’s street ...

http://www.cambodiadaily.com

Pilot scheme plans to send maids to Singapore

Four hundred Cambodian women could be sent to Singapore  as soon as the middle of this year to work as maids  under a pilot scheme by the governments of Cambodia and Singapore. The Post has obtained an internal circular the Singapore Ministry of Manpower sent to ...

http://www.phnompenhpost.com/2013020461152/National/maids-heading-to-singapore.html

New Year to boost plant sales in Phnom Penh

Sales of plants and flowers will reach a high during the Lunar New Year celebrations in Phnom Penh, which start on Sunday, as more customers than ever before buy floral decorations for their houses, flower shop owners in Phnom Penh predicted. “During the weekend many people ...

http://www.phnompenhpost.com/2013020461162/Business/new-year-to-boost-plant-sales-in-phnom-penh.html

Finance Ministry To Tackle Graft With ‘Rewards’

Finance Minister Keat Chhon an­nounced a new plan on Thursday to cut down on rampant state corruption by dispersing three-quarters of non-tax revenue to ministries and their employees as financial “rewards.” With Anti-Corruption Unit chief Om Yentieng by his side, Mr. Chhon laid out the bare ...

http://www.cambodiadaily.com/news/finance-ministry-to-tackle-graft-with-rewards-8993/

Pirated computer software cost Cambodia $50m

Pirated computer software accounted for about $50 million in losses to the Cambodian economy every year, an industry expert said yesterday. According to Pily Wong, president of the ICT Business Association, about 95 per cent of the computer software used in Cambodia is counterfeit, crippling the ...

http://www.phnompenhpost.com/2013020161114/Business/pirated-computer-software-cost-cambodia-50-million.html

Policy aims to boost science and technology

A national policy on science, technology and innovation is being drafted to boost Cambodia’s development in the competitive field, as the Kingdom endeavours to catch up with its regional neighbours and internationally. Officials met for the first-ever consultation workshop yesterday to draft a national policy document ...

http://www.phnompenhpost.com/2013020161115/Business/policy-aims-to-boost-science-and-technology.html

Faintings in Cambodian ‘model’ factories raise concern

A lobby group says three separate mass fainting incidents this week that took place at two Cambodian garment factories “speaks volumes” about the issue, because both workplaces have relatively good reputations for worker’s rights. More than 140 workers fainted on Wednesday and Thursday at Kandal’s QMI ...

http://www.phnompenhpost.com/2013020161118/National/faintings-in-cambodian-model-factories-raise-concern.html

Unionists cry foul over rejection

K-Cement workers who were told they could not form a company-wide union because their workplaces were “separate” entities have now had their application to register individual unions rejected by the Ministry of Labour, union leaders said yesterday. Sok Kin, vice president of the Building and Woodworkers ...

http://www.phnompenhpost.com/2013020161139/National/unionists-cry-foul-over-rejection.html

Villagers Hit as Pond Dries Up

Hundreds of residents in five villages in southern Cambodia have been deprived of their sole source of water as a massive pond in their area has dried up, villagers said. The affected villagers of Sre Ronnong commune in Takeo Province’s Tram Kork district have been buying ...

http://www.rfa.org/english/news/cambodia/water-02012013195339.html

Unpaid Factory Workers Ask US Embassy for Help

More than 100 workers from Kingsland Garment Cambodia factory, which was a supplier to U.S. retail giant Wal-Mart, demonstrated outside the U.S. Embassy in Phnom Penh yesterday, appealing for help in getting their severance payments. In December, workers found out the company had declared bankruptcy ...

http://www.cambodiadaily.com

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