News
Transport costs remain high
Cambodia’s transport costs remain high compared with those in neighbouring countries, according to a 10-container shipment comparison conducted between Cambodia, Thailand and Vietnam by a Korean-owned company, Pan Continental Freight (PCF). The comparison found Cambodia’s free on board (FOB) costs were US$35 a tonne, whereas Thailand ...
http://www.phnompenhpost.com/index.php/2012092758948/Business/transport-costs-remain-high.html
Land title deals for former Khmer Rouge in question
Former Khmer Rouge cadres who in return for laying down their weapons and swearing allegiance to the Cambodian government were granted plots of land in what is now Kampot province say local authorities aren’t respecting the deal. Representatives of 80 families in the province’s Chhouk district told the ...
Looking for a flood of investment
Cambodia’s Commerce Minister Cham Prasidh said foreign investors with production bases in Thailand ought to consider Cambodia for future expansion because of the Kingdom’s greater resistance to floods. Speaking at Phnom Penh Honda’s 20th anniversary yesterday, the Commerce minister said that while Cambodia faces floods each ...
UN Says Cambodia 'Food Secure' Thanks to Gov't Policies
While the global economic crisis weakened the ability of Cambodian households to purchase food, the government’s focus on agricultural production and other policies have since helped alleviate food insecurity in the country, the U.N. Conference on Trade and Development said in a new report. Between June ...
Cambodia receives $3m grant
Cambodia will receive a grant of US$3.3 million from the World Trade Organisation to support rice milling, silk production and development of the Department of International Cooperation, according to Heng Sovannarith, communication officer for Trade Wide Sector Approach. Sovannarith said the Ministry of Commerce would receive the grant from ...
UN Delegates Call on Cambodia to Heed Envoy's Remarks
U.N. representatives from Japan, the European Union and Australia called on Cambodia to heed recommendations made in a report on human rights and economic land concessions by the U.N.’s envoy Surya Subedi at the Human Rights Council in Geneva Tuesday. While the E.U. commended Cambodia ...
Policing, Free Expression Raised at Donor Meeting
Amid a recent spike in police violence against land protesters, Cambodia’s foreign donors yesterday together called on the government for “responsible policing” and expressed “concern” over the trend. The relative candor from aid donors toward the end of the high-level but long-delayed meeting with top government ...
Families Face Re-Eviction, Submit City Hall Petition
Representatives of 19 families facing the eviction from their homes in Phnom Penh’s Pur Senchey district submitted a petition to City Hall yesterday, demanding land as compensation. The families claim that the eviction is doubly bitter because they had been relocated to Andong 3 Village, Kouk ...
Gov't to Award Three Communal Land Titles to Ethnic Bunong
Three ethnic Bunong communities in Mondolkiri province may soon receive long-awaited collective property titles, which would bring to six the total number of communal land titles granted to the country’s indigenous people since the Land Law was created in 2011. And while the possible issuing of the three ...
Locked-out toy makers left in lurch over wages
Employees at the First & Main cuddly-toy company arrived at work yesterday expecting to be paid outstanding wages – instead, a notice on the gates told them all equipment inside the Phnom Penh factory would be auctioned off, because the company was closing for good. The ...
China is promoting the yuan for settling trade deals with the Kingdom
Due to the expansion of economic and business activities between Cambodia and China, since early August the Bank of China has been negotiation with National Bank of Cambodia (NBC) on the promotion of business transactions in Chinese yuan. It is part of a larger but quiet ...
More R'kiri Journalists Threatened Amid Illegal Timber Trade
Just two weeks after a journalist’s bludgeoned corpse was discovered in Ratanakkiri province, a human rights group yesterday identified two more recent cases of violence or intimidation against reporters in the northeastern province. The report from Adhoc said the pressure from local journalists has occurred alongside an increase ...
Eviction Protest Held Outside Donor Meeting
Anti-eviction activists from Phnom Penh’s Boeng Kak and Borei Keila neighborhoods, dressed as white doves, protested yesterday in front of the Council for the Development of Cambodia, where the country’s donors were meeting with top government officials to discuss the country’s reform targets. Donning paper helmets ...
The Week at the CSX - Sept 12-19, 2012
The price of Phnom Penh Water Supply Authority stock over the Sept 12-19 period remained very stable, falling early on from KHR 6,350 (US $1.57) to KHR 6,300 (US $1.56) where it stayed. Trading volumes over the five days varied from around 4200 to 13,600 ...
ELCs on mind at donor meet
While protesters demonstrated outside, urging land and human-rights reform, members of the donor community met with the government yesterday at the Council for the Development of Cambodia in Phnom Penh to sign off on a series of development targets that bore only a faint resemblance to those ...
LG looks to introduce Optimus G soon
One of the top three manufacturers of mobile phones for the Cambodian market, LG, is likely to roll out its new flagship product, the Optimus G, by the end of the year. Success in the smartphone market would signal a successful turnaround for LG. Prior ...
http://www.phnompenhpost.com/index.php/2012092758949/Business/lg-optimus-g-coming-soon.html
World Bank urges government to accelerate reforms
The World Bank urged the Cambodian government Wednesday to accelerate reforms while taking a participatory approach to its National Strategic Development Plan. Speaking at a meeting of the Development Partner Coordination Committee, World Bank Country Director Annette Dixon congratulated the government on its current development plan ...
Cambodia's Angkor Wat Temple attracts 1.36 mln foreign visitors in 8 months, up 31%
About 1.36 million international tourists visited Cambodia’s Angkor Wat Temple, one of the World Heritage Sites, in the first eight months of this year, a 31 percent rise compared with 1.04 million during the same period last year, a report of Siem Reap provincial tourism ...
http://news.xinhuanet.com/english/culture/2012-09/26/c_131874967.htm
AOS to extend reach with Cambodia, Singapore offices
MALAYSIA’S leading inbound tour operator Asian Overland Services (AOS) Tours & Travel has unveiled plans to expand regionally to provide customer support for its online B2B portal, aosclick.com, which has been recording double-digit growth since its 2009 launch. Two overseas offices will be established in Cambodia ...
Cambodia Aims for Offshore Production Next Year
The Cambodian government expects U.S. oil major Chevron Corp. CVX -0.53%to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday Chevron discovered commercial resources ...
http://online.wsj.com/article/SB10000872396390443507204578020023711640726.html
GO Communications snaps up Cambodia's Active Event Management
Malaysia-based GO Communications Group has acquired Active Event Management, one of the leading public relations and events agencies in Cambodia. The 100-per-cent buy-out follows the group’s signing of a partnership agreement with leading Thai PR agency DC Consultants in May. Danai Chanchaochai, CEO of DC Consultants, said ...
Social Work to shape Kingdom
Social work, long-established in developed countries but unheard-of in Cambodia, could be set to change the face of child protection in the country as interest in the field grows. Last week, a hundred potential social workers from around the country came to Phnom Penh for an ...
http://www.phnompenhpost.com/index.php/2012092558885/Lifestyle/social-work-to-change-cambodia.html
Bokor development harms biodiversity
Two studies have found that development on Bokor Mountain in Kampot province is threatening some of the area’s plant and animal species. The Sokimex Group has been granted development rights for the entire mountain and in May, the first of three hotels to be built ...
First certified organic rice heads for Europe
Five metric tonnes of certified organic rice — the first such shipment from Cambodia — will depart for the European Union this Friday. The shipment, exported from Cambodia by an entity called Green Trade, comprises three tonnes of brown rice and two tonnes of white jasmine ...