News

Deported home in disgrace

A Chinese woman found guilty of intentionally causing damage after tearing up photos of the late King Father was deported yesterday morning – a mere two days after the crime occurred. Wang Zia Chao, 43, who on Tuesday was given a suspended one-year prison sentence, left ...

http://www.phnompenhpost.com/index.php/2012102559412/National-news/deported-home-in-disgrace.html

More Lao land deals inked

Laos has contracted firms to build and operate another significant hydro-power plant on the Mekong River system, adding to the existing furor over potential effects on downstream countries such as Cambodia from the controversial Xayaburi dam. The contracts, reportedly worth $1 billion, are for a series of three dams making ...

http://www.phnompenhpost.com/index.php/2012102559403/National-news/more-lao-dam-deals-inked.html

Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

http://www.globaltimes.cn/content/740110.shtml

The Siam Cement PCL : Siam Cement 3Q Net Profit Falls 13% but Meets Forecasts

Siam Cement PCL’s (SCC.TH) third-quarter net profit fell 13% as higher expenses and cost of sales weighed, but the fall in earnings at Thailand’s largest industrial conglomerate by revenue was in line with analysts’ expectations. Despite the profit decline, the conglomerate said before Wednesday’s earnings statement ...

http://www.4-traders.com/THE-SIAM-CEMENT-PCL-6491597/news/The-Siam-Cement-PCL-Siam-Cement-3Q-Net-Profit-Falls-13-but-Meets-Forecasts-15418113/

H&M under fire for low Cambodia wages

H&M workers in Cambodia are only paid 3 kronor ($0.45) an hour, forcing many into debt to feed their families, according to a report on the TV4 documentary Kalla Fakta (The Cold Facts) Many textile workers therefore borrow money for food, leading to considerable debts with ...

http://www.thelocal.se/44010/20121024/

New Businesses Increase In First Nine Months

A total of 2,606 new businesses were registered in Cambodia during the first nine months of the year, an increase of 11.6 percent compared to the same period last year, data released yesterday by the Ministry of Commerce shows. According to the figures, the ministry approved 306 new ...

Fish output likely to drop

Fishery resources could fall this year because of a lack of flooding along rivers and waterways impeding fish from travelling freely or finding food to encourage their growth, a fishery official says. Sam Nov, deputy general director of Fishery Administration at the Ministry of Agriculture, Fishery and ...

http://www.phnompenhpost.com/index.php/2012102459389/Business/fish-output-likely-to-drop.html

Kompong Thom Prepares to Halt 100 Illegal Miners

Kompong Thom provincial officials will stop illegal gold mining in seven locations in Sandan district’s Meanrith commune come November, provincial and district officials said. About 100 residents of Meanrith have been illegally digging for gold in the district for several years, provincial deputy governor King Vimean ...

Global Witness Adds to Criticism of Chut Wutty Murder Case

Environment rights group Global Witness yesterday joined the call for an independent investigation into the April 26 murder of conservation activist Chut Wutty following the conviction of a security guard in the case. On Monday the Koh Rong Provincial Court sentenced Rann Boroth, a security guard ...

Families Evicted From Canal as Part of Clean-Up

Three families were evicted and their houses torn down by authorities in Phnom Penh’s Meanchey district yesterday after officials claimed that residents there were polluting a canal with rubbish. The authorities last week warned that families living inside 38 houses in Niroth commune were illegally occupying ...

Sentencing swift in pic ripping case

Less than 36 hours after Wang Zia Chao provoked a strike by destroying two photos of the late King Father in front of hundreds of Cambodian garment workers, the Chinese factory manager was booked, charged and convicted by the Phnom Penh Municipal Court, which last ...

http://www.phnompenhpost.com/index.php/2012102459392/National-news/sentencing-swift-in-sihanouk-pictures-ripping-case.html

Export diversity induces growth

In order for Cambodia to maintain the same rate of growth it has enjoyed in the past few years, exports need to diversify from textiles and tourism to modern services, said the World Bank’s country manager yesterday in Phnom Penh. “Cambodian firms are already tentatively exporting ...

http://www.phnompenhpost.com/index.php/2012102459390/Business/export-diversity-induces-growth.html

Cambodia Moves Up in World Bank Report

Cambodia rose five places to rank 133rd out of 185 countries in the World Bank’s annual Doing Business report released yesterday, with the bank attributing the rise for the most part to the successful launch of the country’s credit bureau. Compared to other countries in the ...

Residents not budging

About 40 families in Phnom Penh’s Meanchey district are disputing local authorities’ demand that they abandon their homes without compensation so the government can increase a nearby canal’s capacity. The residents, who were asked on September 28 to vacate their homes within a week by Meanchey ...

http://www.phnompenhpost.com/index.php/2012102459388/National-news/residents-grow-desperate-as-forced-eviction-starts.html

Second Factory Manager Arrested for Lese Majeste

A second Chinese garment factory manager was arrested yesterday for destroying a photograph of the late King Norodom Sihanouk, while the woman who destroyed pictures of the late monarch at the factory in Phnom Penh on Monday was convinced and given a one-year suspended sentence, officials said. Employed ...

Record dogs new ACRA chief

The owner of a labor firm repeatedly accused of human trafficking, who is also the sister of one of the country’s top police officials, has been appointed head of the Association of Cambodian Recruitment Agencies (ACRA). Grave concerns have been expressed by rights groups over the appointment of Ung Seang ...

http://www.phnompenhpost.com/index.php/2012102459382/National-news/record-dogs-new-acra-chief.html

Study Finds Land Concessions of No Benefit

Government-issued economic land concessions are making the country’s indigenous communities in the northeast provinces worse off, according to a study by the Mekong Institute of Cambodia. Presented yesterday at the 2012 Development Research Forum in Phnom Penh, the study comes on top of mounting criticism of ...

Record number of participants for the 9th ASEAN Business & Investment Summit

The South East Asian business elite and 16 Heads of States and Governments will meet in Phnom Penh when the 9. ASEAN Business & Investment Summit will be held as an official side event to the ASEN Leaders Summit and the ASEN Leaders Summit (EAS) “Interest ...

http://www.scandasia.com/viewNews.php?coun_code=fi&news_id=11360

Onyx looks to Asean presence

Onyx Hospitality Group is looking to expand its portfolio to the “CLMV” countries of Cambodia, Myanmar, Laos and Vietnam, as well as to Malaysia, as it positions itself to reap the benefits of upcoming Asean economic integration The Thailand-based hotel group, whose goal is to become ...

http://www.nationmultimedia.com/business/Onyx-looks-to-Asean-presence-30192840.html

Cambodian migrant workers send US$360 million home a year

Cambodian migrant workers in Thailand, Japan, Malaysia and Korea have sent home an average of US$360 million a year in remittances, according to Seng Sakada, general director of Ministry of Labor and Vocational Training. Overseas Cambodian migrants mainly work in the fields of housework, construction, factories ...

http://www.etmcambodia.com/viewlatestnews.php?newsid=97

Garment maker eyes economic zone in Cambodia

The private company HOdo Group Co Ltd, a textile and garment company in Wuxi, Jiangsu province, is looking to expand its presence in Sihanoukville, a province in southern Cambodia, in an attempt to diversify its business. Zhou Haijiang, president of the company, said it has made ...

http://www.chinadaily.com.cn/cndy/2012-10/23/content_15837895.htm

China's ICBC offers RMB transfers

A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...

http://www.phnompenhpost.com/index.php/2012102359361/Business/industrial-and-commercial-bank-of-china-offers-rmb-transfers.html

Majority of Packages Sent Abroad Contain Local Delicacies

Seventy percent of all outbound parcels leaving Cambodia via the state-owned postal service contain local food products that are delivered to Cambodians living abroad, an official at Cambodia Post said yesterday. Ork Bora, general director of Cambodia Post, said that of the total 26,678 packages, not ...

http://www.cambodiadaily.com/news/majority-of-packages-sent-from-cambodia-contain-local-delicacies-4728/

Royal Palace Road Closures Are Crippling Local Businesses

Owners of local businesses along six streets near the Royal Palace that have been closed to prevent excessive noise during the three-month mourning period for late King father Norodom Sihanouk said yesterday that the road blocks are having a negative impact on their trade. Gated roadblocks ...

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