News

Brokers nabbed at airport

Four brokers accused of duping 19 victims out of thousands of dollars for non-existent jobs in South Korea were arrested at Phnom Penh International Airport on Saturday. Keo Thea, chief of Phnom Penh’s anti-human trafficking and juvenile protection department, said Por Sen Chey district police arrested ...

http://www.phnompenhpost.com/index.php/2012080657832/National-news/brokers-nabbed-at-airport.html

Strike may end if deal holds: union

Workers who have been told they have been sacked for striking at the co-owned Tai Yang and Camwell factories will forget about their seniority bonuses – for now – if they are reinstated, unions and an advocacy group said yesterday. In an attempt to end one ...

http://www.phnompenhpost.com/index.php/2012080657835/National-news/strike-may-end-if-deal-holds-union.html

National Bank of Cambodia looks at local yuan role

Bank of China is in negotiations with Cambodia’s central bank on the promotion of business transactions in Chinese yuan. The official talks reflect rapid trade growth between the two countries at a time when several commercial banks in Cambodia have launched yuan remittance and trade-settlement products. The ...

http://www.phnompenhpost.com/index.php/2012080657819/Business/national-bank-of-cambodia-looks-at-local-yuan-role.html

Cambodia, ILO Promotes Decent Work for All

PHNOM PENH: The International Labor Organization (ILO) and Ministry of Labor and Vocational Training launched a Decent Work for All Profile for Cambodia which assesses progress in the development of labor market conditions and protection for workers over the past decade on Monday 30th July. “Launching ...

Villagers in Sihanoukville Ordered off Disputed Land

The Preah Sihanouk Provincial Court has ordered villagers living on disputed land in Sihanoukville to leave the area by Thursday, according to a statement released by th the court yesterday. “We wish to inform people living in Muoy commune’s Phuom Bei village that on August 9, ...

CEDAC pools capital to produce organic rice

Cambodian Center for Study and Development in Agriculture (CEDAC), a Cambodian agricultural organisation, will collect US$20 million from the Kingdom’s farmers through 2022 in an attempt to accumulate capital for organic rice production. Oun Sophal, president of CEDAC’s Farmer Network from Kampot province’s Dang Tong ...

http://www.phnompenhpost.com/index.php/2012080657818/Business/cedac-pools-capital-to-produce-organic-rice.html

Cambodia Needs $100 Million Annual Investment to Develop Energy Projects

Phnom Penh: “Cambodia is needing $ 1 billion over the years or at least 100 million annual investment to develop renewable energy projects for rural electrification in order to reduce its dependence on diesel consumption,” said Mr. Toch Sovanna, Director of Departmemnt of Energy Technique, ...

New home not where the heart is for Xayaburi locals

For the past several days, Boonma and seven other Houay Souy villagers have travelled back to their homes near the Xayaburi Dam building site on the Lao side of the Mekong River. Since the beginning of the year they have been relocated to a new ...

http://www.bangkokpost.com/news/investigation/306038/new-home-not-where-the-heart-is-for-xayaburi-locals

Unions Set to Discuss Agreement on Strikes

After months of standstill, unions and the Garment Manufacturers Association in Cambodia (GMAC) are expected to convene at the end of the month to discuss an expired memorandum of understanding (MOU) aimed at reducing the amount of strike actions in the country, union leaders said ...

Cambodian soldiers accused of land rights abuse in Prey Trolach forest

Cambodian soldiers and police have been clearing undergrowth with pesticides and using bulldozers to bring down trees in an area of community forest, according to local groups. The alleged land seizure at the 1,335 hectare (3,300 acre) Prey Trolach commune forest, a four-hour drive from the ...

http://www.guardian.co.uk/global-development/2012/aug/03/cambodian-soldiers-land-rights-prey-trolach

Rep wrongfully fired from airport: union

The Cambodian Tourism and Service Worker’s Federation (CTSWF) is asking Minister of Labour Vong Sauth to intervene in the case of one union worker fired from a Phnom Penh International Airport company with no reason offered. Nin Kosal, who worked as union secretary for the Cambodia ...

http://www.phnompenhpost.com/index.php/2012080357796/National-news/rep-wrongfully-fired-from-airport-union.html

Insurance Premiums Up 40% in First 6 Months

Revenues generated by insurance firms increased 40 percent ro $18.9 million between january and June compared to the same period last year, according to data released yesterday by the General Insurance Association of Cambodia (GIAC). Fire insurance continued to reign as the sector’s top earner, accounting ...

Job security low as unemployment drops

The International Labour Organisation (ILO) released the latest data from its EU-funded project Monitoring and Assessing Progress of Decent Work this week, showing that despite an improving environment, including low rates of official unemployment , 75 per cent of workers are in vulnerable jobs. This includes the self-employed or ‘own ...

http://www.phnompenhpost.com/index.php/2012080357786/Business/job-security-low-as-unemployment-drops.html

Bounced cheques causing concern

Military police in Siem Reap province arrested a 33-year-old woman this week on accusations of fraudulent activity involving writing a cheque at a local bank. Cheque account usage, an infrequently used service only a few years ago, is gaining traction in the Kingdom. Bank officials said fraudulent cheques ...

http://www.phnompenhpost.com/index.php/2012080357788/Business/bounced-cheques-causing-concern.html

Insurance, banks join forces

Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...

http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html

Unions skirmish using factory as 'battleground'

The setting is familiar – a garment factory in Kandal province that supplies Levi’s and Gap – and so is the number of people involved, but a strike that has raged at Yung Wah Industrial II factory since Monday has a twist: it’s worker versus worker and union versus ...

http://www.phnompenhpost.com/index.php/2012080357800/National-news/unions-skirmish-using-factory-as-battleground.html

Despair in Pursat as students begin to exit

Nineteen families from Pursat province’s Prangil commune, plagued by a long-running land dispute with developer Pheapimex, are in despair now that student volunteer surveyors cannot help them reclaim land they say is rightfully theirs. Prime Minister Hun Sen on Wednesday revealed he had revised his ...

http://www.phnompenhpost.com/index.php/2012080357794/National-news/despair-in-pursat-as-students-begin-to-exit.html

The week at the CSX August 2-8

The price of Phnom Penh Water Supply Authority stock from the period of August 2 to 8 remained very stable at KHR6,500 for most of the week after a slight increase from KHR6,400 (US$1.57) to KHR6,500 (US$1.6) on August 3. Trading volumes overall were lower ...

Rights Groups Call on Thai, Lao Leaders to Halt Dam

A group of Cambodian NGOs sent a letter to the prime ministers of Thailand and Laos on Friday calling on them to stop the construction of a controversial dam on the Mekong River and respect the 1995 Mekong Agreement. “We would like to urgently call ...

Philippines and Cambodia in South China Sea row

The Philippines has summoned Cambodia’s ambassador over comments linked to Manila’s territorial row with Beijing. Hos Sereythonh was asked to explain remarks accusing the Philippines and Vietnam of playing “dirty politics” over the issue of Asean and the South China Sea. [H]e did not turn up on ...

http://www.bbc.co.uk/news/world-asia-19073987

Vendors Protest Market Rebuilding at Appeal Court

About 200 vendors from Phnom Penh’s Tomnup Market gathered in front of the Appeal Court yesterday morning to protest an earlier ruling by the Phnom Penh Municipal Court that paved the way for the market’s reconstruction. In 2011, the market’s owner, New Rich Cambodia ...

Cambodia Falls Short of Region's Energy Goals

Speaking to an audience of more than 150 private- and public-sector energy officials at the Second East Asia Summit Energy Efficiency Conference, officials agreed that not enough was being done to convince manufacturers and other large consumers of energy to switch to new energy efficient ...

Philip Heijmans, P. 21
http://www.cambodiadaily.com/

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