The Phnom Penh Post
Companies lag on listing rules
Adding its name to a rapidly growing list of private companies, Tonlesap Airlines is gearing up for an initial public offering on the Cambodia Securities Exchange. And like many of these companies, the listing is still years off as Tonlesap prepares the tax and financial information ...
http://www.phnompenhpost.com/index.php/2012083058376/Business/companies-lag-on-listing-rules.html
Ministry plans Xayaburi trip
Cambodia has been asked to send a delegation to the site of the proposed Xayaburi hydro-electric dam in northern Laos, Minister of Water Resources and Meteorology Lim Kean Hor said yesterday. Kean Hor, who is also chairman of Cambodia’s National Mekong Committee, said the equivalent body ...
Malaysia called out on MoU
Malaysia needs to start “paying attention” to a worker protection agreement with Cambodia that has languished for almost two years, a Ministry of Interior official said at a meeting yesterday. The meeting, which included officials from the ministries of Interior, Women’s Affairs, Tourism, Foreign Affairs and ...
http://www.phnompenhpost.com/index.php/2012082958343/National-news/malaysia-called-out-on-mou.html
High Stakes Security Game
Cambodia’s casino owners need to up the ante on security, the owners of each of the Kingdom’s 61 operating gaming venues were told yesterday at a Phnom Penh meeting called by national police authorities. Lieutenant General Sok Phal, deputy national police commissioner, said that in recent ...
Angkor Golf Resort signs MoU with Tourism Malaysia
Malaysia tourism and travel agency officials have signed a memorandum of understanding at the Angkor Golf Resort in Siem Reap to boost golf tourism in Malaysia and Cambodia. Signatories to the MoU were Sao Ratha, marketing manager of Tourism Malaysia; Ng Eu Shen, general manager of ...
Beer Promoters 'banished' for striking
Angkor Beer promoters involved in last August’s strike over unpaid overtime have been banished to less popular restaurants and beer gardens in the past year, a report on the profession says. According to Promoting Decency? Report on the Situation of Beer Promotion Workers in Cambodia, released this ...
IP rights discussed for Angkor
The ancient works of Cambodia’s King Suryavarman II could become a protected intellectual trademark if the World Intellectual Property Organization (WIPO) finalizes a treaty recognizing cultural heritage, the organisation’s head said yesterday. Angkor Wat, a 12th century temple complex and the Kingdom’s No 1 tourist destination, became an area of contention ...
Integration a priority
When deciding what aspects of their economies to prioritise to grow their economies, ASEAN’s less developed countries, Cambodia, Laos, Myanmar and Vietnam (CLMV), should look to the organisation’s oldest members (the ASEAN-6) for guidance, according to a joint statement following the fourth CLMV Economics Ministers’ ...
http://www.phnompenhpost.com/index.php/2012082958333/Business/integration-a-priority-for-asean.html
Korean earned income to rise
Cambodians working in South Korea this year are expected to remit up to US$80 million to the Kingdom as up to 40 per cent more Cambodian labour heads to the East Asian nation compared to last year. The Ministry of Labour and Vocational Training expects at ...
http://www.phnompenhpost.com/index.php/2012082958336/Business/korean-earned-income-to-increase.html
Cambodia seeing a solar surge as prices drop
Cambodia is lighting up with solar power as international politics gluts the world market with inexpensive equipment options, according to industry insiders. The lowering or complete end of subsidies for US, European and Australian firms, along with China’s backing of the renewable energy sector, has seen ...
Sex claims a conspiracy: boss
The Ocean Garment manager facing a slew of sexual harassment charges has lashed out at the union representing the 2,500 workers on strike over the past two weeks, claiming its delegates provoked the strike after management cracked down on absent workers and overtime requests. In a ...
Rice export MoU signed
Cambodia has signed a memorandum of understanding (MoU) yesterday to export 100,000 tonnes of rice per year to Indonesia. Senior Cambodian officials hope the MoU will be the impetus for attracting more investments from other ASEAN member states. The MoU was signed between Cambodia’s Minister of ...
http://www.phnompenhpost.com/index.php/2012082958338/Business/rice-export-mou-signed.html
Bonsues 'won't' end strikes
A pay rise for the nation’s garment workers is imminent, but if recent strikes are anything to go by, the US$10 monthly increase from September 1 won’t be enough to stop them from walking off the job. Central to the demands of strikers at four garment ...
http://www.phnompenhpost.com/index.php/2012082858320/National-news/bonuses-wont-end-strikes.html
Camko City restarts after one-year hiatus
Construction at Camko City, an unfinished, US$2 billion satellite city in northwestern Phnom Penh, has resumed after at least one sentence connecting the mega-project’s chief executive with a Korean banking scandal was dropped. , the company behind Camko City, has resumed the construction of retail space ...
Pailin land dispute brought to capital
About 100 villagers from Pailin province travelled to Phnom Penh yesterday to ask Prime Minister Hun Sen to intervene in their 70-hectare land dispute with the provincial governor, a village representative said. Dem Deam, 40, a resident of Pailin’s Stung Trang commune in Sala Krao district, ...
B Kak women hit streets again
Two months after their release from Prey Sar prison, members of the so-called Boeung Kak 13 were yesterday at the forefront of more calls for authorities to mark out land promised to their community. About 50 Boeung Kak women and children gathered outside to urge authorities to ...
Land Rights Worry UN
A mission to examine political rights in Cambodia has been increasingly overshadowed by the Kingdom’s dire land rights situation, the 2012 report from Cambodia’s UN special rapporteur on the situation of human rights, published yesterday, shows. Cambodia’s rapporteur, Surya Subedi, conducted two fact-finding missions to Cambodia ...
ASEAN needs more funding
ASEAN needs to seek more funds from development partners to develop infrastructure and connectivity in order to narrow the gap among member states, said Prime Minister Hun Sen yesterday at the opening ceremony of the 44th ASEAN Economic Ministers meeting. The Premier said strengthening the connectivity ...
http://www.phnompenhpost.com/index.php/2012082858311/Business/asean-needs-more-funding.html
Tougher disclosure rules for resources giants
US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...
ASEAN's newest look for cash
Younger Southeast Asian countries will look for a means of filling the financial gap between poorer mainland ASEAN members and more developed states this week during the 44th ASEAN Economic Ministers Meeting, which kicked off today. At the five-day meeting which Prime Minister Hun Sen was ...
Supplier of Gap in Spotlight
Workers striking at Ocean Garment factory say they still fear for their safety after being ordered back to work on Friday, where a manager accused of sexual harassment continues to work. More than 2,500 workers at the Phnom Penh factory – which supplies retail giant Gap ...
PM gives pro-dolphin decree
Prime Minister Hun Sen on Friday approved a new sub-decree geared toward increased protection of the endangered Mekong river dolphin through a series of fishing and motorised transport restrictions in the Mekong river in Kratie and Stung Treng provinces. The Council of Minister’s sub-decree, obtained on ...
Carlsberg promises support
Danish brewer Carlsberg has vowed to improve the working conditions of Angkor and Carlsberg beer promoters in Cambodia as it tries to stamp out coerced workplace drinking. The company announced late last week it had joined forces with the Danish Confederation of Trade Unions (LO) to ...
Sinking feeling on river's edge
About 50 villagers in Kandal province protested yesterday in an attempt to halt the activities of a Vietnamese sand-dredging company, which they said has caused a huge swath of their land to slide into the Mekong River. Residents of Kien Svay district’s Koh Prak village said ...