News

Hard investment: Chinese firm eyes Kingdom investment

A Chinese company is aiming to invest in cement production in Cambodia, according to officials at the Ministry of Industry, Mines, and Energy (MIME). The China Triumph International Engineering Company (CTIEC) would become one of Cambodia’s biggest cement producers and would invest in the Kingdom, said ...

http://www.phnompenhpost.com/index.php/2012022154628/Business/hard-investment-chinese-firm-eyes-kingdom-investment.html

Chea Mony Resigns from Union Confederation Role

Free Trade Union (FTU) President Chea Mony said yesterday that he has split from longtime colleague Rong Chhun by stepping down from his position in the Cambodian Confederation of Unions (CCU). Mr. Mony said he had resigned on Friday from his position as Secretary-General of the ...

http://www.camnet.com.kh/cambodia.daily/

Rubber investments in Kingdom jump 255%

Investment in Cambodian rubber plantations increased by 255 per cent in 2011 on rising global demand for the commodity. There were 20 new projects worth US$675 million in the Kingdom last year, according to data from the Council for the Development of Cambodia. There were nine ...

http://www.phnompenhpost.com/index.php/2012022254647/Business/rubber-investments-in-kingdom-jump-255.html

Fuel feud leaves tourists stranded at Angkor Wat

More than 200 Taiwanese tourists traveling to and from Angkor Wat in Cambodia were delayed yesterday after Far Eastern Air Transport (FAT) unexpectedly suspended its flights to the world heritage site. The Taiwanese airline, which resumed services in April last year, leased one of its aircraft ...

http://www.taipeitimes.com/News/taiwan/archives/2012/02/22/2003526086

Sciaroni in US to Attract American Investment

Brett Sciaroni, the storied founder of Sciaroni and Associates in Phnom Penh, is in Washington for a two-day State Department business conference where he will urge US companies to invest in Cambodia, the firm said in a statement. Mr. Sciaroni will be representing Cambodia as president ...

http://www.camnet.com.kh/cambodia.daily/

Cambodia Faces Tests With 2012 Asean Chairmanship

For the second time in the history of the Association of Southeast Asian Nations, Cambodia has taken over the chairmanship of the 10-nation bloc. The country first chaired Asean in 2002–03, when it had been a member for only three years. Yet the world and the ...

http://www.thejakartaglobe.com/opinion/cambodia-faces-tests-with-2012-asean-chairmanship/499533

Shootings May Impact Security Council Bid, Minister Says

Monday’s shooting of protesting factory workers by security guards at a Svay Rieng special economic zone could damage Cambodia’s international reputation and potentially impact the country’s bid for a non-permanent seat on the UN Security Council, Interior Minister Sar Kheng said yesterday Speaking at the opening ...

http://www.camnet.com.kh/cambodia.daily/

Flood-affected poor ‘drowning in debt’

The curse of Cambodia’s 2011 floods continues for those most affected, as they fall deeper into debt from unsustainable cyclical debt practices, a consortium of international NGOs said yesterday. The consortium of Care, Oxfam, Pact and Catholic Relief Services released the results of their January survey ...

http://www.phnompenhpost.com/index.php/2012022354689/National-news/flood-affected-poor-drowning-in-debt.html

Cambodia, China willing to further enhance cooperation in all fields: officials

Cambodia and China are willing to further promote bilateral cooperation in all fields in the framework of ASEAN-China relations, officials said Monday. The commitment was made during the official visit of Ma Mingqiang, secretary general of ASEAN-China Center, to Cambodia. In a meeting with Cambodia’s Minister ...

http://www.asean-cn.org/Item/4586.aspx

Cambodia's Developers Again Aim at Stars

PHNOM PENH — Cambodia’s low-rise capital city is reaching for the sky—again. Long known as one of the last major Asian cities without a skyline, Phnom Penh embarked on a high-rise building boom in the middle of the last decade, only to see it derailed ...

http://online.wsj.com/article/SB10001424052970203315804577207352952177994.html?mod=googlenews_wsj

Workers Protest at Factory Linked to Manhattan SEZ

More than 3,000 factory workers protested yesterday at the Manhattan Quing Dao Textiles Corp in Kompong Cham Province’s Kompong Siem District to demand that the factory owner abide by an Arbitration Council Ruling issued in late 2010, a union representative said yesterday. The factory web site ...

Oz Minerals Sells M'Kiri Gold Assets

After more than three years of disappointment in its search for large gold deposits in Mondolkiri province, Australian mining firm OZ Minerals has decided to sell its Cambodian assets to another Australian company In a statement to the Australian Stock Exchange, OZ Minerals said that it ...

http://www.camnet.com.kh/cambodia.daily/

Three shot at Cambodian factory protest in Svay Rieng

At least three workers have been shot and hurt in a protest at an industrial zone in Cambodia. Several hundred employees were demonstrating outside sportswear factories in Svay Rieng province, in the east of the country. The workers were calling for higher wages and better working ...

http://www.bbc.co.uk/news/world-asia-17098541

New travel association launches in Kingdom

The Pacific Asia Travel Association (PATA) launched its Cambodian chapter on Friday in the hope of further promoting the country’s second-largest sector by revenues. The sparsity of air routes to Cambodia was one of the main obstacles to the Kingdom’s tourism growth, PATA Cambodia chapter president ...

http://www.phnompenhpost.com/index.php/2012022054612/Business/new-travel-association-launches-in-kingdom.html

Bank of Tokyo opens Phnom Penh office

Japan’s second-largest bank, Bank of Tokyo-Mitsubishi UFJ, officially opened a representative office in Phnom Penh on Friday. The office would serve as an information centre for potential investors and hoped to attract more Japanese companies, Masato Miyachi, general manager of the bank’s Asia and China division, ...

http://www.phnompenhpost.com/index.php/2012022054611/Business/bank-of-tokyo-opens-phnom-penh-office.html

Kingdom nears ASEAN needs

Cambodia has met 70 per cent of the basic requirements needed to join the ASEAN Economic Community (AEC), Prime Minister Hun Sen said yesterday, referring to a recently updated report issued by the economic block. The Kingdom ranked third in preparedness among the 10 ASEAN member ...

http://www.phnompenhpost.com/index.php/2012021754563/Business/kingdom-nears-asean-needs.html

Angkor Village strikers sued

The foreign owner of a luxury Siem Reap hotel has sued four workers he sacked last year, alleging they damaged his property during protests in which they accused him of firing them for unionising. In total, 67 workers were sacked last year by Ankor Village Hotel ...

http://www.phnompenhpost.com/index.php/2012022054601/National-news/angkor-village-strikers-sued.html

Cambodia could fall short on rice seeds

Cambodia may fall short on the domestic demand for purified rice seedlings, which could dampen rice exports, government officials have said. Ouk Makara, director of the Cambodian Agricultural Research & Development Institute (CARDI), said that businesses have been increasingly eager to purchase purified seeds from the ...

http://www.phnompenhpost.com/index.php/2012021654544/Business/cambodia-could-fall-short-on-rice-seeds.html

Cambodian products get quality certified

About 60 Cambodian-made products have received the official Cambodian Standards (CS) stamp, officials said yesterday. Ping Sivlay, director general of the Institute of Standards of Cambodia, which designates the stamps, said most of the products were foodstuffs and that 40 additional products were still awaiting approval. ...

http://www.phnompenhpost.com/index.php/2012021454481/Business/cambodian-products-get-quality-certified.html

Two Months In, Demand for Coastal Flights Low

SIHANOUKVILLE – Two months after Cambodia Angkor Air (CAA) began operating flights between Siem Reap and Sihanoukville, demand for the route is not covering the national carrier’s costs, with planes running at little over half their capacity, an official at the airline said. CAA decided to ...

http://www.camnet.com.kh/cambodia.daily/

Workers Call For Factory Official to Go

More than 1000 factory workers protested in Phnom Penh yesterday outside the Sun Well Shoes Company factory in Pur Senchey district, demanding higher wages and the dismissal of the factory’s administration chief, union representatives said. Tep Saroeun, a union representative at Sun Well Shoes Company in ...

http://www.camnet.com.kh/cambodia.daily/

Backing sought for coal-fired power plant

A Thai energy firm has completed a study for a 1,800-megawatt coal power plant in Koh Kong province, and had asked for Prime Minister Hun Sen’s support in furthering the project, government officials confirmed yesterday. The plant would be the largest power generator in the energy-starved ...

http://www.phnompenhpost.com/index.php/2012020854368/Business/backing-sought-for-coal-fired-power-plant.html

Exports to Korea Climb 100%

Cambodia’s exports to South Korea rose by more than 100 per cent last year, according to officials at the Korea Trade-Investment Promotion Agency (KOTRA). Agricultural and garment exports largely accounted for the surge. KOTRA data shows total exports were worth US$87.3 million in 2011, compared ...

http://www.phnompenhpost.com/index.php/2012020854369/Business/exports-to-korea-climb-100.html

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