News

MFI launches 15 ATMs in Cambodia

Hattha Kasekar Limited (HKL), one of Cambodia’s largest microfinance institutions (MFI), plans to install 15 ATM machines to service its increasing number of depositors. It becomes the second MFI after Prasac in Cambodia to provide this service to its clients. ...

http://www.phnompenhpost.com/2012122760495/Business/mfi-launches-15-atms-in-cambodia.html

Court Releases Anti-Eviction Activist, but Charge Stands

The Phnom Penh Municipal Court yesterday convicted 64-year-old Borei Keila resident Tim Sakmony for making a false declaration, but released the anti-eviction activist owing to time already served in prison. Ms. Sakmony’s day in court came, without explanation, at precisely the same time as the trial ...

http://www.cambodiadaily.com

Residents ask PM to intervene in dispute

Villagers travelled from Poipet to Phnom Penh yesterday to seek the prime minister’s help in ending a land dispute with military police officials. About 30 villagers travelling on behalf of families from Banteay Meanchey province’s Poipet town gathered in front of Prime Minister Hun Sen’s home ...

http://www.phnompenhpost.com/2012122760494/National/residents-ask-pm-to-intervene-in-dispute.html

Workers 'beaten unconscious'

Four garment workers, three of them female, were injured yesterday morning when company and police officials clashed with protesters, union representatives said yesterday. During the demonstrations for the reinstatement of fired workers and back pay, authorities beat two workers unconscious at a protest in front of ...

http://www.phnompenhpost.com/2012122760502/National/garment-workers-beaten-unconscious.html

Thai-Cambodian single visa to commence Thursday

Starting Thursday, tourists from 35 countries could enter Thailand and Cambodia with single visa as foreign ministers of the two countries agreed on Wednesday. Under the Acmecs single visa, tourists from Australia up to United States could apply entry visa at Thai or Cambodian embassies or ...

http://www.nationmultimedia.com/breakingnews/Thai-Cambodian-single-visa-to-commence-Thursday-30196840.html

Thai, Cambodian FMs meet in Bangkok on economic cooperation

Thailand and Cambodia will step up road construction, and open more checkpoints along their common borders, Thai News Agency reported on Wednesday. The resolution was made during the 8th Thai-Cambodian Joint Commission, held in Bangkok on Tuesday and Wednesday. ...

http://news.xinhuanet.com/english/world/2012-12/26/c_132064949.htm

Union Delivers Leaflets Urging Garment Worker Strike

The Cambodian Confederation of Unions (CCU) is distributing 10,000 leaflets to garment workers across Phnom Penh, urging them to join a strike on Sunday, CCU officials said yesterday. “We would like to invite them to join us to demand for an increase if the base ...

http://www.cambodiadaily.com

Haul of Logs Discovered Inside Ratanakkiri Land Concession

The Forestry Administration and military police are investigating reports of a stockpile of nearly 300 logs that ethnic Jarai villagers in Ratanakkiri’s O’Yadaw district claim have been illegally cut by the Vietnamese owners of a land concession, local officials said yesterday. Indigenous villagers living in Paknhai ...

http://www.cambodiadaily.com

Land activists targeted, rights groups say

Prominent female land activists Tim Sakmony and Yorm Bopha, who have been locked in Prey Sar prison since their arrest in early September, will face court today on charges rights groups say have been fabricated to stop them and others from protesting. Hundreds of the women’s ...

http://www.phnompenhpost.com/2012122660488/National/land-activists-targeted-rights-groups-say.html

Cambodia's banking industry sees robust growth in 2012

Cambodia’s banking sector has maintained strong and steady growth in terms of loans and deposits in 2012 thanks to better economic performance, a central bank’s senior official said Tuesday. “Our banking system remains robust this year despite economic crisis in Europe and economic slowdown in the ...

http://news.xinhuanet.com/english/business/2012-12/25/c_132062871.htm

Social Media Changing Cambodia’s Information Landscape

Changes in demography and technology have altered the behavior of Cambodian media consumers, with youth increasingly using social media platforms to share news and information. Pen Sophal, a graduate student in media management at Sweden’s Royal Institute of Technology, says print and electronic media outlets in ...

http://www.voacambodia.com/content/cambodia-social-media-changing-cambodian-information-landscape/1571656.html

Garments, handicrafts employ 700,000 people

The garments and handicrafts sector currently employs about 700,000 workers, a government official said. The official said Cambodia now had about 890 factories and 40,000 small businesses producing handicrafts with annual output of about $6 billion. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YWM3ZTk1Yzg4MTE3NjhlMWE2YWNmNzdjMjBkMmI1

Illegal Cambodian Workers in Thailand Could Be Deported

Thailand is warning it will expel 1.5 million illegal workers from the country, a move that could affect around 160,000 Cambodians. Rights workers in Cambodia say the migrant laborers deserve assistance from both Thai and Cambodian authorities to help them work and travel legally. ...

http://www.voacambodia.com/content/cambodia-illegal-khmer-workers-in-thailand-could-be-deported/1571654.html

6.7% growth forecast for Cambodia

Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update last week. Gross domestic product is forecast to expand 6.7 per cent next year and 7 percent in 2014. That ...

http://www.nationmultimedia.com/aec/6-7%C2%A0rowth-forecast-for-Cambodia-30196729.html

MFIs as one commercial bank

PhillipCapital, a Singapore-based integrated financial services provider and a majority stakeholder in three of Cambodia’s micro-finance institutions (MFIs), plans to consolidate the three into a commercial bank. ...

http://www.phnompenhpost.com/2012122560462/Business/mfis-as-one-commercial-bank.html

Union leader attacked with brass knuckles and cleaver

A union representative led a 1,000-strong protest at a garment factory in the capital’s Russey Keo district yesterday, alleging the company hired a gangster to beat him up on Sunday – a claim the manager has denied. Chhim Sam On, a union leader with the Coalition ...

http://www.phnompenhpost.com/2012122560452/National/union-leader-attacked.html

Car sales sharply rise in Cambodia in 2012 due to strong economic growth

Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...

http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm

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