News

No room for strike in Siem Reap

Provincial authorities in Siem Reap will demand that the Angkor Village Hotel and Resort respect an Arbitration Council decision, which it has so far baulked at, ordering to reinstate more than 60 workers fired since July. Following protests outside the hotel and at a court hearing ...

http://www.phnompenhpost.com/index.php/2011091651696/National-news/no-room-for-strike-in-siem-reap.html

Eight workers lost in deluge at dam site

Eight workers at the Stung Tatay hydro project, in Koh Kong province, are presumed dead after being swept away by floodwaters on Sunday. Seven of the men drowned while trying to rescue a colleague who had fainted after floodwaters swept over a bridge, stranding him at ...

http://www.phnompenhpost.com/index.php/2011091551659/National-news/eight-workers-lost-in-deluge-at-dam-site.html

Rural Roads to be Rebuilt in Seven Provinces

Plans are in the works to rebuild 505.4 km of rural roads in seven provinces with support from the Asian Development Bank (ADB) and South Korea. The first phase of the repairing of the roads will begin in December 2011. The project to rebuild roads ...

http://www.etmcambodia.com/

Cambodia, Laos, Myanmar and Vietnam Discuss Ways to Boost Tourism

Tourism ministers from Cambodia, Laos, Myanmar and Vietnam held a meeting in Ho Chi Minh City to discuss ways to boost tourism in all the four countries, creating a four country tourist destination. At the meeting on September 13, attended by over 200 delegates and investors, ...

http://www.saigon-gpdaily.com.vn/Travel/2011/9/96626/

Agenda

Open Cambodia A Mozilla/Aspiration Conference Open Web, Open Source, Open Knowledge 16-17 September 2011 Sunway Hotel, Phnom Penh Friday 16 September 8:00-8:30 Registration – Grand Mekong Hall, First Floor 8:30-10:15 Interactive Plenary 10:15-10:30 Coffee Break 10:30-12:00 Agenda Crowdsourcing: Session Development 12:00-1:00 Lunch – Provided at the Sun Café Restaurant, Ground Floor, Sunway Hotel 1:00-3:00 Break-Out I – Framing Sessions: ...

Inflation weighs on Kingdom's rice exports

Cambodia’s rice export revenues jumped by more than 200% on increasing world food prices during the first eight months of the year, according to Ministry of Commerce data. Price increases, however, drove total exports down. Cambodia exported US$59.8 million in rice, or 105,452 tonnes, between January and ...

http://www.phnompenhpost.com/index.php/2011091551670/Business/inflation-weighs-on-kingdoms-rice-exports.html

Floods show Laos needs early warning

Heavy flooding during the rainy season, affecting 10 out of 17 provinces in Laos, has underlined the need for stronger disaster-management efforts, experts say. Tropical storm Haima struck central and northern parts of the country on June 24, with Nock-10 hitting central and southern areas on ...

http://www.phnompenhpost.com/index.php/2011091551652/National-news/floods-show-laos-needs-early-warning.html

ADB sees growth for Kingdom

The Asian Development Bank (ADB) yesterday countered Prime Minister Hun Sen’s prediction that gross domestic product growth will reach 8.7% this year, citing a smaller projection in its annual Asian Development Outlook update. The premier quoted the growth figure in a speech given on Monday, but ...

http://www.phnompenhpost.com/index.php/2011091551672/Business/adb-sees-growth-for-kingdom.html

Illegally shut factories could face penalties

Twenty-two factories that did not take the appropriate measures to shut down their businesses have 30 days in which to rectify the problem or face legal action from the government, the Council for the Development of Cambodia (CDC) said in a public announcement yesterday The announcement ...

Boeng Kak families reach out to embassies, EU

Members of 34 families facing eviction from Phnom Penh’s Boeng Kak community yesterday called on five foreign embassies and the European Union to pressure the government into granting them land titles. They are among the 46 poor and untitled families living in Boeng Kak who have ...

Japanese Bank and Cambodian MFI Join Forces

Maruhan Japan Bank and Seilanithih microfinance institution announced this month they are forming a business alliance through which they will work together for mutual benefit and to provide banking opportunities for Cambodia “By joining forces with us, Seilanithih will be able to expand the size of ...

http://www.etmcambodia.com/

OCIC Provides Infrastructure Funding

The company that’s behind the Koh Pich bridge development is providing US $70 million to Phnom Penh city hall to improve the city’s infrastructure “All of the money that comes from the Koh Pich development is being used by city hall to develop Phnom Penh city’s ...

http://www.etmcambodia.com/

MAI to fly to Phnom Penh from October

National carrier Myanmar Airways International plans to launch flights to the Cambodian capital Phnom Penh by October, an airline spokesperson said. Flights will operate on Wednesdays and Saturdays, via Siem Reap, using a new Airbus A-321 that can accommodate 220 passengers. “We will add one Airbus A-321 ...

http://www.mmtimes.com/2011/news/592/news59212.html

Cambodia's 2011 Economic Growth Expected To Be 6.8 Per Cent, Says ADB

KUALA LUMPUR — Cambodia’s economic growth for 2011 is expected to be 6.8 per cent, says the Asian Development Bank (ADB). This is based on the positive trends over the six months of this year and is an improvement over the ADB forecast of 6.5 per ...

http://www.bernama.com/bernama/v5/newsbusiness.php?id=613443

Baffling Mass Faintings in Cambodia

It sounds like something from a Victorian novel – hundreds of young women falling, en masse, into a swoon. But this phenomenon has become a bafflingly common occurrence in modern-day Cambodia. The incidents have been limited to women working in a small number of the country’s ...

http://www.bbc.co.uk/news/business-14897130

Insurance revenue up 18.2% in first seven months

Revenue generated from insurance premiums in the first seven months of 2011 has grown 18.2% to $15.89 million compared to the same period last year, according to statistics released yesterday by the General Insurance Association of Cambodia. The figures show that revenue from fire premiums increased ...

Chinese company given license to go for gold in Kratie

The government has given a Chinese mining company the right to extract gold from 28 square km of land in Kratie province’s Sambor district, a provincial official said yesterday. On July 5, the Ministry of Industry, Mines and Energy granted Hing Yuan Hanng Yeak Co Ltd ...

CamGSM deal said to be close

Telekomunikasi Indonesia’s majority stake purchase of Cambodian mobile operator CamGSM is nearing the end of negotiations that have lasted almost a year Telkom’s planned purchase of CamGSM was part of a 1 trillion rupiah (US$116 million) acquisition strategy for 2012, the Indonesian newspaper Kontan reported yesterday ...

http://www.phnompenhpost.com/index.php/2011091451619/Business/camgsm-deal-said-to-be-close.html

BBAC event set to lure British firms

The number of British companies operating in the country is expected to increase in the coming years, as the British Business Association of Cambodia (BBAC) gears up to chair the Kingdom’s first Britain in Southeast Asia conference next month. The conference, which is set to draw ...

http://www.phnompenhpost.com/index.php/2011091451618/Business/bbac-event-set-to-lure-british-firms.html

Cambodia and UK trade surges in 2011

Bilateral trade between Cambodia and the United Kingdom increased more than 55% year-on-year during the first six months of 2011, according to the British Embassy in Phnom Penh. Total trade between January and June equalled US$247.2 million, up from $159.3 million during the same period in ...

http://www.phnompenhpost.com/index.php/2011091451620/Business/cambodia-and-uk-trade-surges-in-2011.html

Xayaburi dam may cause earthquakes: Vietnamese report

The Xayaburi dam project in Northern Laos might increase the probability of earthquakes in a region already prone to seismic activity, according to a recently translated report from Vietnam. The 1260-megawatt project sits about 100 kilometres south of the Lai Chau-Dien fault line. Construction activity on the ...

http://www.phnompenhpost.com/index.php/2011091451635/National-news/xayaburi-dam-may-cause-earthquakes-vietnamese-report.html

Bankrupt garment factory promises to pay workers

A representative of Mirea Apparel Factory in the capital’s Meanchey district had promised that more than 500 “agitated” workers would receive a month’s worth of back pay tomorrow, a union official said yesterday. Free Trade Union executive officer Um Lina said that factory representatives had also ...

http://www.phnompenhpost.com/index.php/2011091451634/National-news/bankrupt-garment-factory-promises-to-pay-workers.html

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