The Phnom Penh Post

European FDI declines, China’s up

European companies contributed less to total foreign direct investment (FDI) in Cambodia in 2011 than in 2012 as Chinese investment rose, Eurocham chairman Dominique Catry said yesterday. According to data from the Council for Development of Cambodia (CDC), 1.9 per cent of the total registered FDIs ...

http://www.phnompenhpost.com/2013012360933/Business/european-fdi-declines-china-s-up.html

Prosecutors tell court to drop charge in land dispute case

Prosecutors yesterday recommended that the Ratanakkiri Provincial Court drop charges against two human rights activists and a radio reporter accused in 2009 of inciting villagers involved in a land dispute against agro-business firm DM Group. Deputy prosecutor Ros Saram told the Post that because he ...

http://www.phnompenhpost.com/2013012360922/National/prosecutors-tell-court-to-drop-charge-in-land-dispute-case.html

Two million tourists from China by 2020: official

Cambodia would host about two million Chinese tourists in 2020, a Cambodian official predicted yesterday. The forecast accompanied figures released by Chinese officials saying the number of Chinese tourists globally would reach 200 million by 2020. ASEAN countries had attracted nine million Chinese tourists last ...

http://www.phnompenhpost.com/2013012360934/Business/two-million-tourists-from-china-by-2020-official.html

New flights between Sihanoukville and Phnom Penh to be launched soon

New scheduled flights between Sihanoukville and Phnom Penh will probably be launched soon, and Sihanoukville-Siem Reap flights will operate daily instead of three times a week, an industry leader says. These changes by Cambodia Angkor Air had a “high chance” of taking off in April to ...

http://www.phnompenhpost.com/2013012360932/Business/new-flights-between-sihanoukville-and-phnom-penh-to-be-launched-soon.html

Thai factory accused of abuses

Cambodian migrant workers at a tuna processing company in Thailand have had their passports confiscated by their employers and are effectively trapped in substandard work conditions, research released yesterday revealed. Non-profit research organisation Finnwatch said it had found a number of “problems” with working conditions at ...

http://www.phnompenhpost.com/2013012260908/National/thai-factory-accused-of-abuses.html

No foreign carriers for domestic air travel in Cambodia

The government will not allow international airlines to establish domestic services in Cambodia, and the country’s domestic air travel industry is not being monopolised, says an industry leader. These two points were made by Tek Reth Samrach, state secretary of the Council of Ministers, in response ...

http://www.phnompenhpost.com/2013012260897/Business/no-foreign-carriers-for-domestic-air-travel-in-cambodia.html

Workers petition Korean government

More than 300 striking workers from the International Fashion Royal garment factory in Phnom Penh appealed for assistance from the South Korean Embassy yesterday afternoon after police blocked their march to Por Sen Chey District Hall, a union official said. Ten days of striking for a ...

http://www.phnompenhpost.com/2013012260899/National/workers-petition-korean-government.html

Kampot pepper yields to increase

Kampot pepper yields are expected to increase significantly in the first harvest since gaining Geographic Indicator status in April 2010, as increased demand from exporters drives up prices. Output this season is expected to surge by 17 per cent, from 23 tonnes in the last harvest ...

http://www.phnompenhpost.com/2013012260898/Business/kampot-pepper-yields-to-increase.html

FDI to grow small businesses in Cambodia

The recent growth of foreign direct investment (FDI) into the Kingdom will be a good opportunity to develop small- and medium- sized businesses, an official said yesterday. According to Hang Chuon Naron, deputy director of the National Economic Supreme Council and secretary of state at the ...

http://www.phnompenhpost.com/2013012260903/Business/fdi-to-grow-small-businesses-in-cambodia.html

Anti-competitive behaviour limits Cambodia’s domestic airline industry

Anti-competitive behaviour in Cambodia’s domestic airline industry is limiting its growth, with the relevant authorities “reluctant” to open the domestic market up to competition, an aviation report found. Monopolising this market currently is the country’s flagship carrier, Cambodia Angkor Air, according to a Centre for Aviation ...

http://www.phnompenhpost.com/2013012160883/Business/anti-competitive-behaviour-limits-cambodia-s-domestic-airline-industry.html

Tiffs over stalls dog border checkpoints

Cambodian and Thai officials are having trouble resolving tensions over border checkpoints in Oddar Meanchey, Cambodian authorities said yesterday. Following a verbal request from Thai border police that their Cambodian counterparts rejected last week, Thai officers submitted a letter last Friday asking Cambodian authorities to move ...

http://www.phnompenhpost.com/2013012160885/National/tiffs-over-stalls-dog-border-checkpoints.html

Mesco, Angkor to mine gold

Mesco Gold, an associated company of India-based Mesco Steel, will sign an agreement with Angkor Gold to mine the Phum Syrang prospect on one of its economic land concessions in Ratanakkiri province. “We’ve been exploring the area since 2006. We’ve been drilling holes and there’s ...

http://www.phnompenhpost.com/2013011860848/Business/mesco-angkor-to-mine-gold.html

Factory clash has familiar feel

Two protesters and three factory officials were injured in a clash at a garment factory in Kampong Speu province yesterday as a report revealed that more than 60 unionists and workers were injured in such incidents in 2012. Vann Bun, a Free Trade Union activist, said ...

http://www.phnompenhpost.com/2013011860862/National/factory-clash-has-familiar-feel.html

Acleda readies to open Myanmar’s first micro-finance firm

Cambodia’s largest bank is ready to launch its first micro-finance institution (MFI) in Myanmar, but one final barrier remains: an operating licence from Myanmar’s government. Acleda Bank’s chief executive, In Channy, expects the licence to be granted by the end of this month. Once that is done, ...

http://www.phnompenhpost.com/2013011760823/Business/acleda-readies-to-open-myanmar-s-first-micro-finance-firm.html

Protesters blocked on the way to Phnom Penh

About 80 families travelling to Phnom Penh from Kampong Chhnang province for a land dispute-related protest yesterday were blocked on their way to the capital and told to resolve the matter locally. The villagers are locked in an unusual land feud with an agricultural firm, ...

http://www.phnompenhpost.com/2013011760831/National/protesters-blocked-on-the-way-to-phnom-penh.html

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