The Phnom Penh Post
Luxury rosewood bust
Nearly three tonnes of illegally logged rosewood was seized during a raid on the home of a former military police officer in Stung Treng province yesterday. Provincial deputy prosecutor Sun Yeut, who took part in a multi-departmental raid that included police and Forestry Administration officials, said ...
http://www.phnompenhpost.com/2013052165743/National/luxury-rosewood-bust.html
Scepticism over government statistics
Getting reliable statistical data remains a challenge for Cambodia’s government, as a lack of cooporation among the ministries and corruption still distort what is reality. Industry insiders say this is a problem, especially as reliable data are the base of reference when the Association of Southeast ...
http://www.phnompenhpost.com/2013052165728/Business/scepticism-over-government-statistics.html
Packaged MSG imports plummet
Cambodian imports of packaged monosodium glutamate (MSG) totalled just 2,086 tonnes last year, the lowest amount since 2002, according to import figures from the customs department of the Ministry of Economy and Finance. The import figures showed that from 2002 to 2010, Cambodia had imported a ...
http://www.phnompenhpost.com/2013052165729/Business/packaged-msg-imports-plummet.html
Accident rocks garment industry again
For the second time in five days, Cambodia’s garment industry has been rocked by another partial collapse of a structure at a factory. Garment workers are reporting that at least 10 people, including a pregnant woman, have been injured after a concrete platform collapsed into a ...
http://www.phnompenhpost.com/2013052065721/National/accident-rocks-garment-industry-again.html
Thai generator looking at Kingdom
Thailand-based Ratchaburi Electricity Generating Holding Pcl (RATCH) has “seriously assessed” investment possibility in neighbouring countries including Cambodia, a company statement said last Thursday. It said it had geared up for business expansion in domestic and international markets in the potential existing investment bases Laos and Australia, ...
http://www.phnompenhpost.com/2013052065705/Business/thai-generator-looking-at-kingdom.html
‘Take it or leave it’
The uncle of a man who died in Thursday’s ceiling collapse at the Wing Star Shoes factory in Kampong Speu province claimed yesterday that the company had threatened to give the family nothing if they did not agree to an on-the-spot payout. It came as a ...
http://www.phnompenhpost.com/2013052065719/National/take-it-or-leave-it.html
Kampot pepper yield down
This year’s weather has proven too hot for the Kingdom’s famous Kampot pepper, as yields of the spice dropped for the first time since 2008. Some 22 tonnes of pepper were harvested this year between January and May, short of the 27 tonnes predicted for this ...
http://www.phnompenhpost.com/2013052065706/Business/kampot-pepper-yield-down.html
Agriculture needs more loans, irrigation systems, experts say
Accessing low-interest loans for rice cultivation is a challenge because the industry in Cambodia is dependant upon rainfall and not irrigation and is thus more risky, experts said last week. In a meeting on the private sector development in the rice sector, Lim Heng, vice president ...
Cambodia exports to Thailand rise as nations improve economic ties
Cambodia’s total exports to Thailand sharply increased in the first quarter of the year, according to official data from Ministry of Commerce received by the Post last week. Officials said the rise is the result of efforts by both countries to improve trade facilitation and economic ...
Trade Deal Threat Still On Table
The European union’s executive arm has responded to its parliamentarians’ concerns over rights abuses stemming from Cambodia’s economic land concessions, maintaining that, should the need arise, it “will be ready” to withdraw from its preferential trade agreements with the Kingdom. In a joint letter to concerned ...
http://www.phnompenhpost.com/2013052065716/National/trade-deal-threat-still-on-table.html
Pheapimex Opponent Arrested
A well-known community representative who has long battled alleged land-grabbing by economic land concessionaire Pheapimex Group was arrested on fraud accusations and jailed in Pursat province’s Krakor district yesterday.Fellow community representative Lun Sivy, 42, said Kuch Veng, a member of the Cambodian Peace Network, was ...
Mom Kunthear
http://www.phnompenhpost.com/2013052065715/National/pheapimex-opponent-arrested.html
Ethnic villagers, firm battle over Ratanakkiri plot
A local official and four ethnic minority Tompuon villagers appeared in a Ratanakkiri court on Friday to face accusations of land-grabbing and protesting against a private company that purchased their land in 2007, authorities said yesterday. Rocham Pheun, an assistant to the chief of Keh Chung ...
Court takes another crack at Bandith case
Unions representing more than 15,000 members have called for justice for three women ahead of round two of legal action against their alleged shooter, deposed Bavet town governor Chhouk Bandith. Bandith, who is accused of shooting the three workers during a protest at a factory in ...
http://www.phnompenhpost.com/2013052065718/National/court-takes-another-crack-at-bandith-case.html
Instalment payments for goods gaining purchase
AEON Microfinance (Cambodia) Co, part of Japan-based AEON Group, said sales by instalment for electrical appliances and motorbikes increased by 715 per cent in the first quarter of 2013 year on year, a trend industry experts say will grow further with increasing demand for electronics. Started ...
MIME launches business award
The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...
http://phnompenhpost.com/2013051765677/Business/mime-launches-business-award.html
Japan signs a $90m loan deal to improve highway
After reaching agreement late last month, the contract for a $90 million concession loan from Japan to Cambodia was officially signed in Phnom Penh yesterday to improve 83.5 kilometres of National Road 5. The construction is scheduled to start in June 2015 and will be ...
Australia Ups Aid Funding
Australia announced yesterday that it will increase the amount of aid it provides Cambodia by about US$13 million (A$13.2 million) in the coming year, putting the country’s official development assistance at $96.1 million. ...
http://www.phnompenhpost.com/2013051765681/National/australia-ups-aid-funding.html
Jarai Man Exiled After He Opposes Land Deal
Commune authorities in Ratanakkiri province’s O’Yadav district have allegedly banished a local resident for persisting with a lawsuit that accuses them of selling 500 hectares of community forest to two Cambodian developers for $300,000. Romas Svang, who is a member of the ethnic Jarai minority, filed ...
http://www.phnompenhpost.com/2013051765682/National/jarai-man-exiled-after-he-opposes-land-deal.html
Bangladesh woes spare Kingdom
A recent string of disasters rocking Bangladesh’s garment industry has highlighted its factories’ shocking safety record, and stoked optimism that giant fashion brands will flock to move their orders to countries like Cambodia. But Cambodia’s garment industry has not experienced any major deluge of business so ...
http://www.phnompenhpost.com/2013051665643/Business/bangladesh-woes-spare-kingdom.html
Charges in Ratanakkiri arson
The Ratanakkiri Provincial Court yesterday charged two staffers of Vietnamese rubber concessionaire Hoang Anh Ratanakkiri (CRD) with causing intentional damage for allegedly setting fire to several homes belonging to a landowner with whom they were embroiled in a land dispute, deputy prosecutor Mom Vanda said. ...
http://www.phnompenhpost.com/2013051665652/National/charges-in-ratanakkiri-arson.html
Cambodia’s Beauty Industry Blossoming
The beauty business in the Kingdom is growing rapidly as incomes are rising and the middle-class is growing, industry insiders told the Post yesterday. In the first three months of this year, the Kingdom imported cosmetic products worth $9.9 million, an increase of 130 per cent ...
http://www.phnompenhpost.com/2013051665644/Business/cambodia-s-beauty-industry-blossoming.html
PM Defends Interest Rates
Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...
http://www.phnompenhpost.com/2013051665645/Business/pm-defends-interest-rates.html
Fear still lingers in Pro Ma
A year to the day since armed soldiers stormed into the remote village of Pro Mar in Kratie province, killing a 14-year-old girl, arresting her husband and evicting hundreds of families, Sreng Pho still has nightmares. “I’m really scared when I think back to that day ...
http://www.phnompenhpost.com/2013051665654/National/fear-still-lingers-in-pro-ma.html
Two Held For Razing Huts In Land Dispute
Ratanakkiri provincial police on Monday arrested the chief of staff of a Vietnamese rubber concessionaire and his Cambodian translator who are believed to have burned down more than $5,000 worth of property related to a land dispute in O’Chum district, police said. Meas Pov Bora, chief ...
http://www.phnompenhpost.com/2013051565632/National/two-held-for-razing-huts-in-land-dispute.html