The Phnom Penh Post

Improvements for banks after budget

Improvements to Cambodia’s banking and finance sector are expected to come about as a result of the 2013 national budget, a Council of Ministers spokesman said. “We will dedicate resources to ensuring macro-economic stability,” spokesman for the Council of Ministers, Phay Siphan said. These measures, in conjunction ...

http://www.phnompenhpost.com/index.php/2012103059460/Business/improvements-for-banks-after-budget.html

Beef price almost doubles

High demand for beef, particularly during the Islamic Qurban festival which ended yesterday, caused beef prices to almost double compared with the same period last year, according to Islamic leaders and officials. Him Khortieth, IKatan  Mahabbah Muslimin’s (IMAN) representative in Cambodia, said the association planned to ...

http://www.phnompenhpost.com/index.php/2012103059462/Business/beef-price-almost-doubles.html

Norwegian firm sues Mfone over $3.7m debt

A lawyer for Norwegian-owned power and electronics equipment firm Eltek Valere yesterday called on investors not to buy stakes in the Thai-owned mobile phone operator Mfone, and to await court’s ruling. The lawyer’s appeal came after the Phnom Penh Municipal Court issued a warrant for keeping ...

http://www.phnompenhpost.com/index.php/2012103059457/Business/norwegian-firm-sues-mfone-over-37m-debt.html

Civil servants' union dilemma

The American Center for International Labor Solidarity has set its sights on the Herculean task of unionizing Cambodia’s civil service, a move that, were it successful, could have profound implications for the country’s political landscape. The term civil service in Cambodia has unusually broad application, referring to bureaucrats, ...

http://www.phnompenhpost.com/index.php/2012103059469/National-news/civil-servants-union-dilemma.html

Hun Sen announces new airport

Prime Minister Hun Sen requisitioned 768 hectares of land on Saturday that will be used to build an international airport in Kampong Chhnang after 2025. During presiding over a land title distribution ceremony in Kampong Chhnang province, the prime minister announced the expansion of the airport. ...

http://www.phnompenhpost.com/index.php/2012102959448/Business/hun-sen-announces-new-airport.html

Maid may be stuck in Malaysia

The mother of a domestic maid allegedly stranded in Malaysia has become the latest Cambodian claimant to file an official complaint to the Ministry of Interior over labor abuse in the country. Em Sokhum said her 24-year-old daughter Chher Sophorn left to pursue work in Malaysia more than ...

http://www.phnompenhpost.com/index.php/2012102959449/National-news/domestic-helper-may-be-stuck-in-malaysia.html

Land deals? Leave the Red Cross out of it: PM

Prime Minister Hun Sen publicly castigated the Kampong Thom provincial governor in a speech on Saturday for allegedly claiming a large portion of land and saying it was needed for the local office of the Cambodian Red Cross, an agency lead by Hun Sen’s wife, Bun ...

http://www.phnompenhpost.com/index.php/2012102959451/National-news/land-deals-leave-the-red-cross-out-of-it.html

Disasters present big risks for small GDPs

Cambodia’s small economy leaves it especially vulnerable to devastation in the face of large-scale natural disasters, United Nations agencies and Cambodian officials warned last week. “The relative size of an economy adds to the vulnerability as seen particularly in the case of the Lao Peoples’ Democratic ...

By Khouth Sophak Chakrya, P. 4
http://www.phnompenhpost.com/index.php/2012102959444/National-news/disasters-present-big-risks-for-small-gdps.html

H&M slammed over wages

Criticism has mounted against Swedish multinational clothing company H&M in its home country following a documentary released last week that sheds light on wages in its source factories in Cambodia. The episode of Swedish network TV4’s Kalla Fakta, or Cold Facts, focuses mainly on Cambodian garment ...

http://www.phnompenhpost.com/index.php/2012102959442/National-news/ham-slammed-over-wages.html

PM pledges pay boost

The government on Friday pledged a 20 per cent increase to the base salary of civil servants year-on-year in a move one government official insisted was based on economics, not politics. The announcement was made in a statement released over the weekend outlining government spending for ...

http://www.phnompenhpost.com/index.php/2012102959455/National-news/government-pledges-pay-boost.html

Missing girl feared trafficked

Meas Bopha, 47, sits in an outdoor pagoda over a lotus-filled pond on her property in Kampong Speu, home to 10 of her 12 children, and wipes back tears as she talks about her missing teenage daughter, Bophea, who vanished one morning last week. Bophea ...

http://www.phnompenhpost.com/index.php/2012102659425/National-news/missing-girl-feared-trafficked.html

Too few businesses registered

A majority of small and medium enterprises in Cambodia were not registered, despite the advantages it offered to businesses, participants at a workshop on business registration procedure, intellectual property and business etiquette for women heard yesterday. Referring to 2011 statistics, Chan Sorey, vice-minister of the Ministry ...

http://www.phnompenhpost.com/index.php/2012102659433/Business/too-few-businesses-registered.html

Factory boss tried for crumpling moon pic

The Kandal Provincial Court yesterday tried and convicted a Chinese factory supervisor for damaging a photograph of the moon in which the likeness of the late King Father Norodom Sihanouk is believed to have been seen. Judge Lim Sokuntha said the court had sentenced Leav Kuyseang, ...

http://www.phnompenhpost.com/index.php/2012102659426/National-news/factory-boss-tried-for-crumpling-moon-pic.html

Politics 'behind journo deaths'

Twelve journalists have been killed in Cambodia since 1993, according to a report from the rights group Adhoc, which believes much of the bloodshed was politically motivated. The body count was included in a round-up of abuses against the media in a report the group released ...

http://www.phnompenhpost.com/index.php/2012102659427/National-news/politics-behind-journo-deaths.html

PM urges migrant protection

Some 285 million workers will migrate for employment when ASEAN countries open their borders to each other in 2015, Prime Minister Hun Sen predicted yesterday, as he urged speedier regional legislative action to ensure they could travel safely. At an ASEAN Socio-Cultural Community Council meeting, the premier warned ...

http://www.phnompenhpost.com/index.php/2012102659423/National-news/pm-urges-migrant-protection.html

Trade with Vietnam slows

Bilateral trade between Cambodia and neighboring Vietnam grew by 17 per cent in the first nine months of the year compared to the same period last year, a decrease from previous years, the Vietnam Trade Office in Cambodia said yesterday. The data showed a total trade volume ...

http://www.phnompenhpost.com/index.php/2012102659432/Business/trade-with-vietnam-slows.html

Ratanakiri deaths 'avoidable'

Better communication from authorities in Cambodia and Vietnam might have prevented the deaths of villagers and the destruction of homes in Ratanakkiri at times when water has been released from Vietnam’s Yali Falls dam, researchers said yesterday. Speaking at a national workshop about the Yali Falls ...

http://www.phnompenhpost.com/index.php/2012102559406/National-news/ratanakkiri-deaths-avoidable.html

Major boulevards increasing in price

The sale and purchase of land along the four major boulevards in Phnom Penh climbed up to 40 per cent in the third quarter of 2012, while the construction of offices is gradually on the rise, according to real estate experts. The growth of land prices ...

http://www.phnompenhpost.com/index.php/Real-Estate/land-price-along-boulevards-on-the-rise.html

Foreigners entering the condo market in Phnom Penh

The number of foreign owners of houses in Cambodia has soared in recent years after the government permitted foreigners to have rights over owning real estate in the Kingdom, according to officials of the Ministry of Land Management, Urban Planning and Construction. Speaking at the opening of ...

http://www.phnompenhpost.com/index.php/Real-Estate/foreigners-entering-the-condo-market-in-phnom-penh.html

Dangerous chemicals still found in foodstuffs

Some Cambodian foodstuffs contained potentially harmful preservatives used to extend the shelf life of the products and ensure profits, an official said yesterday. Pork Sovannarith, secretary of state for the Ministry of Industry, Mines and Energy, said some food producers continued to use preservatives that could ...

http://www.phnompenhpost.com/index.php/2012102559408/Business/dangerous-chemicals-still-found-in-foodstuffs.html

More visitors to hail Kingdom

Cambodia Airports estimates the number of passengers entering via Cambodia’s two international airports will increase by an average 8.8 per cent in 2013. That prediction is 1.2 per cent lower than the 2012 projection of a 10 per cent increase. The lower forecast is due to the ...

http://www.phnompenhpost.com/index.php/2012102559410/Business/more-visitors-to-hail-kingdom.html

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