The Phnom Penh Post

Cambodia's unions cry foul on fainting figures

Union reps and government officials are offering significantly different – if both substantial – numbers in their year-end tallies of garment workers who fainted on the job in 2012. The Free Trade Union yesterday announced that the number of workers to faint in factories rose to ...

http://www.phnompenhpost.com/2013010360603/National/cambodia-s-unions-cry-foul-on-fainting-figures.html

Vietnam raises minimum pay

A new decree that increases the minimum wage of workers in Vietnam will not necessarily lead to companies relocating to Cambodia, according to officials. “The Vietnam government has issued [a] decree, which takes effect from January 1, to adjust the minimum wages paid to workers by ...

http://www.phnompenhpost.com

New Siem Reap airport’s progress slow but on track

A senior government official said a new Siem Reap International Airport (NSRIA) being developed with $1 billion of investment by two Korean companies is still on track. NSRIA is wholly owned by two Korean companies, Camco Airport Co and Lees A&A, which held 50 per cent each ...

http://www.phnompenhpost.com/2013010360604/Business/airport-s-progress-slow-but-on-track.html

Coffee production in Mondulkiri province increases

Coffee production in Mondulkiri province in 2012 will be higher than in 2011, according to farmers and producers. Coffee farmer Bou Sopheap told the Post that he just finished the harvest in December. In 2012, his two-hectare plantation provided about four tonnes of coffee beans, compared to ...

http://www.phnompenhpost.com/2013010260581/Business/coffee-production-in-mondulkiri-province-increases.html

Factory worker wages to be re-examined

Amid threats of another mass strike in the thriving garment sector, the Ministry of Social Affairs has called a meeting with the industry’s leading players to discuss union demands for a $150-per-month minimum wage, a letter obtained yesterday reveals. At the behest of Prime Minister Hun ...

http://www.phnompenhpost.com/2013010260589/National/factory-worker-wages-to-be-re-examined.html

Garment worker protest builds over severance

More than 1,000 workers protested in front of the soon-to-be-closed Svay Rieng Cambodia Garment factory yesterday to demand better severance benefits, and nearly half of them then marched to the provincial hall to seek help from government officials, workers said yesterday. Worker representative Pang Tra said ...

http://www.phnompenhpost.com/2013010160550/National/garment-workers-protest-builds-over-severance.html

Tourist arrivals top estimates

The number of tourists to arrive in Cambodia in 2012 was at least 200,000 higher than expectations, possibly reaching 3.5 million, officials said yesterday. Thong Khon, Minister of Tourism, told the Post yesterday that  in the first 11 months of 2012, Cambodia received 3.2 million tourists, ...

http://www.phnompenhpost.com/2013010160559/Business/tourist-arrivals-top-estimates.html

Tough times for telecom bosses in 2012

The year 2012 has seen a number of changes of personnel within different companies in Cambodia, particularly in the telecommunications sector, but also in the insurance and banking industry. According to In Channy, ACLEDA Bank’s CEO and vice chairman of the International Business Chamber Cambodia, the ...

http://www.phnompenhpost.com/2013010160558/Business/tough-times-for-telecom-bosses-in-12.html

Malaysian Maybank expands to outskirts

Malaysian-owned Maybank, one of the largest banks in Cambodia, opened its 12th national branch in Phnom Penh on Friday. The bank aims to reach emerging businesses in the city’s Special Economic Zone (PPSEZ) with the new office. ...

http://www.phnompenhpost.com

OSK Investment Bank and RHB Capital merge

OSK Investment Bank Berhad (OSKIB), the parent company of OSK Indochina Bank Limited (OSKIBL), has become a wholly owned subsidiary of the Malaysia-based financial services group RHB Capital Berhad (RHB Capital), effective from November 9. ...

http://www.phnompenhpost.com

Garment strikers march on despite ban

About 300 workers continued protesting at the Master and Frank garment factory yesterday, rejecting a Kandal Provincial Court injunction ordering them back to work within 48 hours. After the company promised to consider workers’ demands that it reinstate fired union members, workers cancelled their plans to ...

http://www.phnompenhpost.com/2012122860510/National/garment-strikers-march-on-despite-ban.html

Cambodia defies global crisis

Cambodia’s economic performance this year has been heartening despite the global economic slowdown, especially the chaos caused in Europe by the sovereign-debt crisis and the sluggish recovery of the US economy. In October, the International Monetary Fund revised its world growth projections to 3.3 per cent ...

http://www.phnompenhpost.com

In Koh Kong land fight, volunteers requested

More than 30 representatives of families who claim a dispute piece of land in Koh Kong province went to provincial hall for the second time yesterday and submitted an official request to allow Prime Minister Hun Sen’s youth volunteer corps to measure the area. ...

http://www.phnompenhpost.com/2012122760493/National/in-koh-kong-land-fight-volunteers-requested.html

MFI launches 15 ATMs in Cambodia

Hattha Kasekar Limited (HKL), one of Cambodia’s largest microfinance institutions (MFI), plans to install 15 ATM machines to service its increasing number of depositors. It becomes the second MFI after Prasac in Cambodia to provide this service to its clients. ...

http://www.phnompenhpost.com/2012122760495/Business/mfi-launches-15-atms-in-cambodia.html

Residents ask PM to intervene in dispute

Villagers travelled from Poipet to Phnom Penh yesterday to seek the prime minister’s help in ending a land dispute with military police officials. About 30 villagers travelling on behalf of families from Banteay Meanchey province’s Poipet town gathered in front of Prime Minister Hun Sen’s home ...

http://www.phnompenhpost.com/2012122760494/National/residents-ask-pm-to-intervene-in-dispute.html

Workers 'beaten unconscious'

Four garment workers, three of them female, were injured yesterday morning when company and police officials clashed with protesters, union representatives said yesterday. During the demonstrations for the reinstatement of fired workers and back pay, authorities beat two workers unconscious at a protest in front of ...

http://www.phnompenhpost.com/2012122760502/National/garment-workers-beaten-unconscious.html

Land activists targeted, rights groups say

Prominent female land activists Tim Sakmony and Yorm Bopha, who have been locked in Prey Sar prison since their arrest in early September, will face court today on charges rights groups say have been fabricated to stop them and others from protesting. Hundreds of the women’s ...

http://www.phnompenhpost.com/2012122660488/National/land-activists-targeted-rights-groups-say.html

Phnom Penh’s new commune prices steady

Land prices in Meanchey district’s four communes that had been transferred into Phnom Penh municipality’s control from Kandal province have held steady, despite the construction of Prek Samroung Bridge and the extension of roads to the area. Meanchey Governor Kuch Chamroeun said that he is ...

http://www.phnompenhpost.com/2012122760489/Real-Estate/phnom-penh-s-new-commune-prices-steady.html

MFIs as one commercial bank

PhillipCapital, a Singapore-based integrated financial services provider and a majority stakeholder in three of Cambodia’s micro-finance institutions (MFIs), plans to consolidate the three into a commercial bank. ...

http://www.phnompenhpost.com/2012122560462/Business/mfis-as-one-commercial-bank.html

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