The Phnom Penh Post
Angkor sees gold in Liberty
Angkor Gold Corp has acquired a new economic land concession as it gains full control of its other concessions with the purchase of another mining company, according to officials. According to a statement released last week, Angkor Gold has purchased Liberty Mining International Pty Ltd (Liberty), ...
http://www.phnompenhpost.com/index.php/2012091058590/Business/angkor-sees-gold-in-liberty.html
Hundreds of illegal migrants return
Nearly 450 Cambodians who were illegally working in Thailand were repatriated across the Battambang province border on Saturday in one of the largest one-day operations along that border, officials said yesterday. Thai authorities had rounded up the 447 workers, who were busted without the required paperwork, ...
Innovation and inspiration are the basis of BarCamp
BarCamp Phnom Penh, a technology conference at the University of Puthisastra, promises to attract industry professionals from ASEAN countries, the US, Germany and other countries around the world later this month, Be Chantra, lead organiser of the conference, says. Be Chantra says BarCamp Phnom Penh is ...
Fellow villagers pray for land rights activists
Borei Keila protesters, including many who live in squalor under staircases at the site, have already been compensated for losing their homes and have no right to demand more, Suy Sophan, the owner of developer Phan Imex, told the Post yesterday. About 200 supporters from the ...
Consumer price index climbs on food and fuel
Cambodia’s consumer price index (CPI) increased slightly year-on-year in July by 1.3 per cent, which was driven by increased food and fuel prices, according official data from the National Institute of Statistics (NIS). “The increase for all index groups was 1.3 per cent of inflation in July 2012 ...
Pharmaceutical plant announces expansion
PharmaProduct Manufacturing, Cambodia’s self-described first pharmaceutical plant, announced last week plans to expand into other ASEAN markets once the ASEAN Community frame-work is adopted in 2015. According to its online materials, the producer of the painkiller KINAL – among other medicines – opened its doors in 1996, and has ...
PM Adviser given extra title at financial ministry
Prime Minister Hun Sen has appointed his personal adviser Kong Vibol as director general of the General Department of Taxation at the Ministry of Economics and Finance, according to the Royal Book entry of August 22. In addition to his expertise in taxation, Vibol is also ...
Tide changes at Ocean as factory pays strikers
Ocean Garment, the Phnom Penh-based clothing manufacturer at the centre of sexual harassment claims and an illegal strike that lasted more than two weeks, has agreed to compensate more than 2,500 workers for wages lost during the protests, a move union advocates have highlighted as ...
Dams, climate plague Mekong
Villagers in Kratie province have long feared the proposed Sambor hydroelectric dam and the impact it could have on their subsistence fishing and riverbank agriculture. According to Resilience on the Mekong: A Vulnerability and Adaptation Assessment in North-East Cambodia, a report released by the World Wildlife Foundation on Friday, ...
http://www.phnompenhpost.com/index.php/2012091058600/National-news/dams-climate-plague-mekong.html
Ministry orders Kok An audit
Heng Chheang, the jailed ex-deputy general director of senator Kok An’s Anco Brothers Co, may have been improperly convicted of embezzling more than US$58 million from the tycoon, according to a letter sent to the Supreme Court from the Ministry of Economy and Finance last ...
http://www.phnompenhpost.com/index.php/2012091058613/National-news/ministry-orders-kok-an-audit.html
Acleda takes out $10 Million
Acleda Bank has signed a $US10 million loan agreement with Proparco, a development finance institution held in part by the Agence Francaise de Développement (AFD), according to a statement released on Wednesday. With the Kingdom’s financial sector expanding rapidly and a growing demand for banking and ...
http://www.phnompenhpost.com/index.php/2012090758553/Business/acleda-takes-out-10m-loan.html
UAE, Cambodia look to lift tourism
Cambodia’s tourism ministry and United Arab Emirates officials have signed a memorandum of understanding to strengthen tourism to the Kingdom, officials said during a press conference at Phnom Penh’s international airport. Tourism Minister Thong Khon said the memorandum of understanding (MoU) would provide more opportunities for ...
http://www.phnompenhpost.com/index.php/2012090758551/Business/uae-cambodia-look-to-lift-tourism.html
Cellcard's COO Kay Lot resigns
One of Cambodia’s primary telecommunications companies, Cellcard, announced yesterday that longtime Chief Operating Officer Kay Lot has resigned. The departure of Kay Lot follows the departure of CEO David Spriggs who resigned his position about two months ago. Telecommunications industry insiders say the otherwise healthy and profitable ...
http://www.phnompenhpost.com/index.php/2012090758552/Business/cellcards-coo-kay-lot-resigns.html
Bra factory workers look to ministry for support
About 300 workers entered their sixth day of strikes yesterday at a bra factory in the capital, which manufactures lingerie supplied to Victoria’s Secret and Valentino, but their hopes of a quick resolution were dashed when a Ministry of Social Affairs official admitted he was ...
Officials deny arrest has links to new loans
The rumour mill has been in overdrive regarding the arrest of The Pirate Bay co-founder Gottfrid Svartholm Warg; however, various government officials yesterday shunned the conspiracy theories. Tom Abrahamsson, head of administrative and consular matters at the Swedish Embassy in Phnom Penh, refuted speculation that Svartholm ...
Kingdom and Qatar to form labour watchdog
Cambodia’s next step in allowing workers such as maids and builders to travel to Qatar will be to create a committee with the Arab state to ensure their safety is protected, a senior labour official said yesterday. The Senate on Wednesday supported an agreement between the ...
Conscription not for everyone
In less than a week, 18-year-old Heng Tina, who has just finished his high-school exam, will take another test that determines whether he’ll get a scholarship to go to technical school, a development that would put him one step closer to his dream of becoming ...
Locals bypass road projects
As much as local people are benefiting from the Asian Development Bank’s (ADB) recovery project following last year’s record floods, they aren’t receiving all the benefits they could, according to some accounts. Operating in five provinces of Cambodia to restore road access to those affected by the floods, ...
http://www.phnompenhpost.com/index.php/2012090658527/Business/locals-bypass-adb-road-projects.html
India shows interest in cashew nut processing
India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian embassy. Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for ...
Soft loan from Sweden
Sweden loaned Cambodia US$57 million yesterday for economic country development and cooperation for the duration of 2012-2013. The agreement was made between Cambodia’s Economic Minister Keat Chhon and Swedish ambassador to Cambodia Anne Hoglund at the Council for the Development of Cambodia (CDC) yesterday morning. Keat Chhon ...
May Kunmakara
http://www.phnompenhpost.com/index.php/2012090658528/Business/soft-loan-from-sweden.html
Maid ban to remain until safety improves
The ban on sending Cambodian women for employment as maids in Malaysia will be lifted once certain safety and training precautions for workers are established, a senior government official said yesterday. Seng Sakada, the director general of the Ministry of Labour, said that his office is ...
Pay delay frustrates disabled community
More than one year after the government passed legislation to bring in a pension for people with disabilities living in poverty, a preliminary committee to workshop how to locate such disabled people has still not been formed, officials said yesterday. In June last year, the ...
Insurance urged for CSX listings
The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence. Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only ...
http://www.phnompenhpost.com/index.php/2012090658524/Business/insurance-urged-for-csx-listings.html
Railway compliance complaint sent to ADB
Families have fallen into poverty and children have dropped out of school due to deficiencies in the Asian Development Bank’s rehabilitation of Cambodia’s railway system, according to a complaint filed to the bank’s compliance review department. According to David Pred, managing associate for NGO Inclusive Development International, ...