News
CNRP Rallies Garment Workers With Promises of Change
Speaking to hundreds of garment workers yesterday in Phnom Penh, Kem Sokha, deputy president of the Cambodia National Rescue Party (CNRP), appealed to those in attendance to vote for the newly formed opposition party, promising higher wages, social security and free access to schools and ...
Sides dig in over minimum wage
Unions and the Garment Manufacturers Association in Cambodia (GMAC) are unlikely to walk out of their final minimum wage meeting today with an agreed-upon increase for workers, industry insiders said yesterday. Both parties have reaffirmed their respective positions: GMAC secretary-general Ken Loo said yesterday that “nothing’s ...
http://www.phnompenhpost.com/2013031161866/National/sides-dig-in-over-minimum-wage.html
Chinese Firms Foresee Industrial Hub in Preah Vihear
Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...
Millers need greater access to credit: Govt
The Ministry of Commerce and bank officials announced yesterday that they will hold a meeting next month aimed at better facilitating rice millers’ access to credit. The move is part of the Asian Development Bank’s Climate Resilient Rice Commercialization Sector Development program to address food security ...
http://www.phnompenhpost.com/2013031161863/Business/millers-need-greater-access-to-credit-govt.html
Koh Kong Families Ask Hun Sen for Help in Dispute
More than 40 families from Koh Kong province gathered on Friday outside Prime Minister Hun Sen’s Phnom Penh home to ask him to intervene in their land dispute with provincial forestry administration, village representatives said yesterday. According to one villager, 37-year-old Sam Sary, 47 families delivered ...
World Bank’s Boeng Kak Failure Cited in UN Report
The U.N.’s expert on housing rights has cited the World Bank’s failure to help thousands of families evicted from Phnom Penh’s Boeng Kak neighborhood as a prime example of why the bank needs to make human rights a focus of its land sector programs worldwide. At ...
http://www.cambodiadaily.com/news/world-banks-boeng-kak-failure-cited-in-un-report-14120/
Policy to expand sector
The government plans to implement an industrial policy designed to promote development of the manufacturing sector. Speaking at a business networking dinner prepared by the Cambodian Federation of Employers and Business Associations on Wednesday, Sok Chenda Sophea, secretary general of the Council for the Development of ...
http://www.phnompenhpost.com/2013031161862/Business/policy-to-expand-sector.html
Men Questioned After refusing To Hand Over Student Donation
Authorities in Battambang province on Saturday summoned two villagers from Salmot district’s Ta Sanh commune after they refused to hand over money to officials asking for donations to feed students working in the area as part of the government’s nationwide land titling project. Heng ...
Cambodia’s Economic Growth Will Help Poverty Reduction
Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...
Britain to support Cambodia in fight against money laundering, terrorism financing
Britain embassy to Cambodia is partnering with Cambodian government ministries and departments to provide a training course on international best practices in the field of anti-money laundering and combating the financing of terrorism, according to the embassy’s press release on Friday. The training will be ...
Renaissance upgrades Okvau
Shares in Renaissance Minerals jumped after the company announced a 1.2 million ounce gold resource at its Okvau deposit in Cambodia. Emerging from the trading halt this morning, the company revealed an indicated and inferred resource of 15.6 million tonnes at 2.4 grams per tonne gold ...
http://au.news.yahoo.com/thewest/business/a/-/national/16325176/renaissance-upgrades-okvau/
Hana plugs into Cambodian market
Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from ...
http://www.bangkokpost.com/business/economics/339371/hana-plugs-into-cambodian-market
A smooth ride?
It’s not a claim every country can make, but Cambodia builds its own cars. A country known for its low-skilled workforce, the Kingdom exceeded expectations with its January release of the Angkor Car, a mini-electric vehicle able to get up to 300 kilometres per charge. ...
Viet Nam, Cambodia make plans for development
President Truong Tan Sang has urged the planning ministries of Vietnam and Cambodia to effectively implement the agreements reached during recent talks. He made the comments at a meeting with Cambodian Minister of Planning Chhay Than in Ha Noi yesterday. Vietnam had contributed to ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=YTQzMTU4OTI3NjI
Investment law to be revised
The government is planning to revise the Kingdom’s investment laws this year to draw more foreign direct investment as the country adjusts to the fast-changing regional and global landscapes, according to Secretary General of the Council for the Development of Cambodia (CDC) Sok Chenda Sophea. Speaking ...
http://www.phnompenhpost.com/2013030861826/Business/investment-law-to-be-revised.html
Bonna Reality inks deal with Malaysian real estate developer
Bonna Realty Group yesterday signed an agreement with the National 6A Investment, a Malaysian real estate developer, to be an authorised sales agent for a 10-storey condominium that is currently being constructed and is expected to be finished by the end of 2014. The National 6A ...
Survey Says Cambodia Lacks Fiscal Transparency
The government has failed to improve transparency of its finances, according to a global report released yesterday, which ranks Cambodia among the worst countries in the world for openness over budgets. The Washington-based International Budget Partnership’s Open Budget Survey 2012- conducted in Cambodia by NGO Forum- ...
Evictees to reject offer
Twenty-one families whose houses were demolished during an eviction on Tuesday said yesterday that they planned to refuse an offer of houses, land and cash from the tycoon who now possesses their land. Villagers, however, will continue to discuss the offer in another meeting scheduled ...
http://www.phnompenhpost.com/2013030861830/National/evictees-to-reject-offer.html
Extraction ahead of schedule
Mesco Gold has established drilling and exploration resources at the Phum Syrang prospect in Ratanakkiri province, targeting extraction by late 2014, three to six months ahead of schedule, according to a statement released by Angkor Gold, which holds the land concession. The statement said Mesco had ...
http://www.phnompenhpost.com/2013030861824/Business/extraction-ahead-of-schedule.html
Clean water for city outskirts
The inclusion of 20 communes to the central Phnom Penh water supply in the past year has resulted in a dramatic increase in demand and subsequent shortages, Phnom Penh Water Supply Authority officials said yesterday. “Water demand in Phnom Penh is growing fast day to-day, ...
http://www.phnompenhpost.com/2013030861829/National/clean-water-for-city-outskirts.html
Two Men Arrested After 1 Ton Of Rosewood Seized
Two men were arrested yesterday and more than 1 ton of rosewood was confiscated after the car they were using to transport the illegally logged luxury wood smashed through a police barricade in Kandal province, officials said. Deputy Kandal provincial police chief Sao Sothun said that ...
Cambodia collects 122 mln USD in tax in last two months
Cambodia’s General Department of Taxation said in a press release on Thursday that the country collected 122 million U.S. dollars of tax in the first two months in 2013, up 27 percent compared to the same period last year. In the whole year of 2012, ...
http://www.asean-china-center.org/english/2013-03/08/c_132218418.htm
Forte set to insure travellers on the net
Forte Insurance, a leading general insurance company in Cambodia, officially launched the region’s first online travel insurance product. Officials and insiders said the product is to serve the growing number of Cambodian outbound tourists. Youk Chamroeunrith, Forte Insurance general manager, told the Post yesterday that ...
http://www.phnompenhpost.com/2013030761798/Business/forte-set-to-insure-travellers-on-the-net.html
Farmers of crocodile say no to skin exports
Cambodian crocodile farmers prefer selling young live crocodiles directly rather than raising crocodiles and selling their skins for export as they believe there is no market, despite officials encouraging crocodile farming for skin exports. Heng Chheng, a crocodile farmer from Battambang, has raised crocodiles since 1984. ...
http://www.phnompenhpost.com/2013030761796/Business/farmers-of-crocodile-say-no-to-skin-exports.html