Bloomberg

UN says Australia refugee pact with Cambodia worrying precedent

Australia’s pact to allow some refugees to be transferred to Cambodia sets a troubling precedent for international practices on handling asylum seekers, according to the UN High Commissioner for Refugees. The deal, signed yesterday in Phnom Penh, applies to an initial 200 refugees detained by Australia ...

David Stringer
http://www.bloomberg.com/news/2014-09-27/un-says-australia-refugee-pact-with-cambodia-worrying-precedent.html

Inditex, H&M agree to pay more for clothes from Cambodia

Fashion brands, including Europe’s biggest clothing retailer Inditex SA (ITX) and Hennes & Mauritz AB (HMB), said they are willing to pay more for clothes made in Cambodia, backing a trade union campaign for higher wages. The chains are among eight clothing retailers that include Next Plc (NXT) and Primark that have ...

Gabi Thesing
http://www.bloomberg.com/news/2014-09-19/inditex-h-m-agree-to-pay-more-for-clothes-from-cambodia.html

Cambodian garment workers, bloodied in crackdown, continue wage struggle

Just over a month after a brutal police crackdown on striking Cambodian garment workers left at least five people dead, the country’s unions are calling for another strike in March, increasing the likelihood of further violence. At issue is the still-unresolved question of the workers’ minimum monthly wage. Roughly 700,000 ...

Christina Larson
http://www.businessweek.com/articles/2014-02-20/cambodian-garment-workers-bloodied-in-crackdown-continue-wage-struggle

Vinamilk Sees Revenue Doubling in Overseas Expansion Push

Vietnam Dairy Products Joint-Stock Co., the nation’s largest dairy producer, is building a milk factory in Cambodia as it plans a global expansion to more than double annual revenue to $3 billion by 2017. The company known as Vinamilk is opening a plant in the capital ...

Bloomberg News Staff
http://www.bloomberg.com/news/2013-09-30/vinamilk-sees-revenue-doubling-in-overseas-expansion-push.html

H&M Says Garments Made in Cambodian Factory Without Approval

Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, said some H&M garments were produced without its knowledge or approval at a factory in Cambodia where workers were injured in a partial building collapse this week. A supplier of the Stockholm-based company placed two minor orders with ...

http://www.bloomberg.com/news/2013-05-22/h-m-says-garments-made-in-cambodian-factory-without-approval.html

IMF Says Cambodia to Reach 7.5% Growth in Medium Term

The International Monetary Fund said it expects economic growth in Cambodia to reach its potential of 7.5 percent in the medium term. The Washington-based IMF forecast growth of 6.7 percent this year, up from an estimated 6.5 percent in 2012, in its annual assessment of the ...

http://www.bloomberg.com/news/2013-01-08/imf-says-cambodia-to-reach-7-5-growth-in-medium-term.html

Manulife Enters Cambodia Market With Phnom Penh Office

Manulife Financial Corp. (MFC), Canada’s largest insurer, has opened an office in Phnom Penh, Cambodia, its first in the Southeast Asian nation. Manulife has about 40 people in its Cambodian unit, the Toronto-based insurer said today in a statement. ...

http://www.bloomberg.com/news/2012-06-28/manulife-enters-cambodia-market-with-phnom-penh-office.html

Levi's, Gap garment workers on strike in Cambodia

Workers at a large Cambodian garment factory that makes clothes for Levi’s, Gap and other well-known international brands are striking for more pay and better working conditions. More than 5,000 workers from the Singaporean-owned SL Garment Processing (Cambodia) Ltd. failed to reach an agreement with their ...

http://www.businessweek.com/ap/2012-05/D9UTQ5M80.htm

Cambodia's stock market begins trading

Trading on Cambodia’s stock exchange has begun for the first time after a state-run company completed its initial public offering. Some 13 million shares of the state-run Phnom Penh Water Supply Authority were offered at 6,300 riel ($1.57) per share. The stock exchange was officially launched in ...

http://www.businessweek.com/ap/2012-04/D9U75EVO0.htm

Cambodia May Lure Up to 10 IPOs a Year, Korea Bourse Says

Cambodia’s stock market, which is set to open next week after several delays, may be able to lure five-to-10 initial public offerings a year, according to Korea Exchange Inc., the Cambodian government’s partner in the bourse. State-owned Phnom Penh Water Supply Authority (PPWSA) will start trading ...

http://www.bloomberg.com/news/2012-04-12/cambodia-may-lure-up-to-10-ipos-a-year-korea-bourse-says.html

Templeton Cautions Investors Riding Myanmar, Cambodia Growth

Investors should be cautious when pursuing the opportunities for growth present in Myanmar and Cambodia, Southeast Asia’s frontier markets, Templeton Asset Management Ltd. said. In Cambodia, state-owned Phnom Penh Water Supply Authority will have its initial public offering this month, making it the first to ...

http://www.businessweek.com/news/2012-03-31/templeton-cautions-investors-riding-myanmar-cambodia-growth

Cambodia rejoins the world of stocks

Enthusiasm about the start of trading at the exchange, which opened last July without a single listed company, extends beyond the borders of the Southeast Asian country. Investors including Templeton Emerging Markets Group Chairman Mark Mobius said they plan to participate in Cambodia’s stock market ...

http://www.brisbanetimes.com.au/business/world-business/cambodia-rejoins-the-world-of-stocks-20120319-1ver3.html

Asia’s Newest Stock Market Is Risk to Investors, Sam Rainsy Says

Investors in Cambodia, tied with Yemen as the world’s 164th-cleanest country for doing business, face risks in a planned stock market because of ineffective financial and legal systems, the country’s exiled opposition leader said. “Among the little dragons of Southeast Asia, Cambodia is the least encouraging,” ...

http://www.businessweek.com/news/2012-02-09/asia-s-newest-stock-market-is-risk-to-investors-sam-rainsy-says.html

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