News

After Threats to Cut Pay, Garment Workers Strike

Nearly 2,000 workers at the Gawon Apparel Co. garment factory in Kandal province’s Takhmao City protested in front of the factory yesterday after they were informed that they would lose pay for any days missed during the commune election, which takes place Sunday, union representatives ...

Long hair a luxury for evictees

Kheng Chen had her hair cut in January and sold it to a broker for just under US$8. She isn’t happy with the close-cropped style because it makes her look older than her 48 years. But when Kheng Chen grows her hair back in a few ...

http://www.phnompenhpost.com/index.php/2012060156528/National-news/long-hair-a-luxury-for-evictees.html

Credit guarantee unit to serve Asean

The Credit Guarantee and Investment Facility (CGIF), an agency set up by Asean+3 and the Asian Development Bank to help develop local-currency bond and cross-border bond markets in the region, has started to operate, says chief executive Kiyoshi Nishimura. He said the CGIF will fill in ...

http://www.bangkokpost.com/business/economics/296033/credit-guarantee-unit-to-serve-asean

Agriculture Sector

A better outlook for the price of Cambodian major crops, especially cassava and soybeans, drives the upward revision of growth of the other crops subsector. This in turn leads to a marginal upward revision of growth of the agriculture sector to an annualized rate of 4.6 percent, from 4.5 percent in our January ...

http://www.etmcambodia.com/blog.php?article=213

Southeast Asia's solid economic growth rides over global woes

Southeast Asia is showing stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports, while low debt levels give governments more room than their cash-strapped counterparts in the West to deliver stimulus. On Thursday, the Philippines became ...

http://uk.reuters.com/article/2012/06/01/uk-seasia-economy-idUKBRE85009U20120601

Research shows Cambodian entrepreneurship tendency

Ninety–nine per cent of Cambodians have a television set in their home, according to data compiled by Indochina Research. “We know everybody watches television,” said General Manager Laurent Notin. “Television is the most trusted media channel for Cambodians.” The saturation of television is only one of the ...

http://www.phnompenhpost.com/index.php/2012060156524/Business/research-shows-cambodian-entrepreneurship-tendency.html

Bicycle tours take people off the beaten path around Cambodia

Cycling is becoming increasingly popular in Cambodia, and bicycle tours are being seen as an active and exciting way for tourists to see the less noticed parts of the kingdom, said Adam Platt-Hepworth, the regional manager of Grasshopper Adventures, a bike tour company. Grasshopper Adventures, at ...

http://www.phnompenhpost.com/index.php/2012060156522/Business/bicycle-tours-take-people-off-the-beaten-path-around-cambodia.html

Int’l Groups Urge Gov’t To Free Boeng Kak 15

Freedom House and several other international human rights groups condemned the conviction of 13 Phnom Penh women last week who are locked in a land dispute with CPP Senator Lao Meng Khin and called for their release in a joint statement issued Tuesday. The women were arrested ...

Electronics factory to open

A US$37.9 million base plate factory will launch in June in the northwestern province of Banteay Meanchey, Japanese electronics manufacturer SC WADO Component Co said yesterday in a statement. The entry of SC WADO, a subsidiary of Nidec Electronics, was another step in Cambodia’s march away ...

http://www.phnompenhpost.com/index.php/2012053156501/Business/electronics-factory-to-open.html

Garment Exports Grow 15% in First Quarter

Garment and footwear exports from Cambodia increased 15.29 percent to $1.29 billion in the first three months of the year compared to the same period in 2011, according to figures released yesterday by the Ministry of Commerce. While exports to the European Union rose 46.76 percent to $376.14 million in ...

Canadia Bank backs a rice mill in Takeo

Canadia Bank will launch a rice mill in Cambodia’s Takeo province in October, a move that insiders said could help curb the flow of unmilled rice to neighbouring Vietnam. Bank officials yesterday said they will buy US$3 million in milling equipment, and the total cost of ...

http://www.phnompenhpost.com/index.php/2012053156500/Business/canadia-bank-backs-a-rice-mill-in-takeo.html

Borei Keila evictees will be given a lift back to vote

Borei Keila evictees will have a chance to revisit the area they were forcibly evicted from this Sunday when authorities truck them back from the makeshift tents of their relocation site for a special purpose – to vote. Touch Khorn, a representative of the Borei Keila ...

http://www.phnompenhpost.com/index.php/2012053156512/National-news/borei-keila-evictees-will-be-given-a-lift-back-to-vote.html

Angkor Gold identifies northeast prospects

Angkor Gold Corp, a Toronto Stock Exchange-listed company, has announced the identification of five new prospects in Ratanakiri province, according to a company statement. the mining firm said it planned to consolidate its gold prospects in the northeastern corner of the country. ...

http://www.phnompenhpost.com/index.php/2012053156499/Business/angkor-gold-identifies-northeast-prospects.html

Hello Mobile Posts 27% Growth in Q1 Revenues

Malaysia-based telecommunications firm Axiata Group said yesterday that revenues at its Hello mobile phone operator in Cambodia grew by 27.3 percent to $2.21 million at the end of the first quarter, compared to the same period in 2011. ...

Land’s ‘owner’ alleges violence

Six residents of the Boeung Chhouk community in the capital’s Russei Keo district have been summonsed to court to answer charges they used violence against the supposed owner of their land – a person they claim never to have met. Khiev Chenda, 42, one of six ...

http://www.phnompenhpost.com/index.php/2012053156506/National-news/lands-owner-alleges-violence.html

Japanese Firm set to Open Plant in Poipet

Japanese electronics firm Nidec Corporation has invested about $37.5 million to establish a factory in Poipet City that will produce parts for computer hard drives ...

Stevia Nutra Corp Establishes Major Cambodian Agriculture Companies

(The Company), an Agro-Management company focused on stevia agronomics, announced that it has incorporated Health Power Trading Company Ltd., a wholly owned BVI subsidiary company and Mighty Mekong Agro Industries Co. Ltd., a Cambodian based wholly owned subsidiary. This strategic move by Stevia Nutra will allow the Company to capitalize on significant labour and technical advantages as ...

http://thesoutheastasiaweekly.com/

Guinea To Buy Milled Rice Product From Cambodia

Guinea will buy 40,000 tons milled rice product from Cambodia in the near future, Eang Sophalet, assistant to Prime Minister Hun Sen said on Friday after the meeting between Samdech Prime Minister Hun Sen and visiting president of Guinea His Excellency Professor Alpha Conde at peace palace in Phnom Penh. ...

http://thesoutheastasiaweekly.com/

Malaysia - Cambodia Trade And Investment Performance 2011

Cambodia and Malaysia trade and investment are increasing subsequently as the two members of ASEAN are trying to boost the integration for ASEAN community in 2015. The report from the embassy of Malaysia here said: as for trade performance in 2012, for the first quarter of 2012, Malaysia recorded an increase of 5.32 percent. Total trade ...

http://thesoutheastasiaweekly.com/

Koh Pich to host ASEAN dinner

The new function building at Diamond Island known as Koh Pich City Hall will host the ASEAN Foreign Minister’s dinner on July 12. Completed in March and opened last month, construction of the lavishly furnished venue was timed to coincide with Cambodia’s chairmanship of ASEAN this ...

http://www.phnompenhpost.com/index.php/2012053156497/Business/koh-pich-to-host-asean-dinner.html

Commune Vote Predictable, but Margins Less So

With Sunday’s commune elections quickly approaching, the five main political parties are all predicting substantial gains over how they faired in the last election in 2007, though none deny that the ruling Cambodian People’s Party (CPP) will continue to dominate the polls. And with the entrance ...

‘Restraint’ watchword at ASEAN meet

The planned theme of yesterday’s ASEAN defence ministers roundtable was military cooperation between countries, particularly in times of natural disaster, but it was a theme invariably pushed to the background by other regional developments. Among them was what appeared to be a cooling-off period in the ...

http://www.phnompenhpost.com/index.php/2012053056478/National-news/restraint-watchword-at-meet.html

SRP Campaign Videos Put Focus on Evictions

While the CPP in Phnom Penh has spent much of the campaign period broadcasting speeches by Prime Minister Hun Sen, hosting music concerts and sending well-known comedians into the streets to work the crowds, the SRP has a starker campaign focus. When the sun sets, 10 ...

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