The Phnom Penh Post

Crocodile farmers feel bite as demand continues to fall

The price of crocodile hatchlings in Siem Reap province has dropped drastically, and many local farmers are worrying about the future viability of crocodile farming. Tim Bunseng, a crocodile farmer in Siem Reap with around 200 female hatchlings, said the price he can get has dropped ...

http://www.phnompenhpost.com/index.php/2012052156272/Business/crocodile-farmers-feel-bite-as-demand-continues-to-fall.html

Phnom Penh's restaurant landscape changing

With the arrival of many new restaurants and coffee shops in Phnom Penh, the complexion of the food and beverage market is swiftly changing, according to restaurant owners. Tea Club owner SP Loh said existing restaurants had to work harder to retain their customers in light ...

http://www.phnompenhpost.com/index.php/2012052156270/Business/restaurant-landscape-changing.html

Mourning villagers flee

Hundreds of people fled in fear yesterday from the village in Kratie province where a bloody security forces crackdown the previous morning left a 14-year-old girl dead. Joint police and military police forces locked down the area where a land dispute has raged this year, and ...

http://www.phnompenhpost.com/index.php/2012051856248/National-news/mourning-villagers-flee.html

UK to open investment office

The United Kingdom Trade and Investment Office would establish a permanent branch in Phnom Penh in the expectation that economic ties between the two countries would continue to grow, Cambodian and UK officials said yesterday. Bilateral trade has risen by 300 per cent during the past ...

http://www.phnompenhpost.com/index.php/2012051856232/Business/uk-to-open-investment-office.html

Koh Kong judge queries reporter in Wutty case

One of the journalists on the scene when environmentalist Chut Wutty was gunned down last month appeared in a Koh Kong provincial court yesterday to answer questions about the shooting incident, which also led to the death of military police officer In Rattana. According to human ...

http://www.phnompenhpost.com/index.php/2012051856240/National-news/koh-kong-judge-queries-reporter-in-wutty-case.html

Brands proving free lunches might exist

Major international garment and shoe brands have expressed interest in funding a food program that would feed Cambodian factory workers lunches in an effort to improve health and productivity, a labour advocate said on Wednesday. Dave Welsh, country director of the American Center for International Labor ...

http://www.phnompenhpost.com/index.php/2012051856238/National-news/brands-proving-free-lunches-might-exist.html

Trio face forest-clearing charge

A married couple and another man were called before a judge yesterday after being charged with clearing protected forest in Koh Kong province’s Kandorl commune. Kry Deuy, his wife, Moeung Yan, and a man named Soun Sareth cleared about 16 hectares of state-protected forest to cultivate ...

http://www.phnompenhpost.com/index.php/2012051856239/National-news/trio-face-forest-clearing-charge.html

Cambodia rubber drops 6 per cent

Cambodia’s rubber prices declined almost six per cent in the past two weeks, caused by concern over the European crisis with Greece, industry players and Cambodian officials said yesterday. Men Sopheak, deputy director general of Chop Rubber Plantation, a big rubber exporter in Cambodia, said the ...

http://www.phnompenhpost.com/index.php/2012051856229/Business/cambodia-rubber-drops-6-per-cent.html

Second can factory will cater to locals’ thirst

Crown Holdings, a metal packaging company, said this week it would build a second factory in Cambodia to keep up with the Kingdom’s growing beer industry. The Sihanoukville factory, which is expected to produce 725 million aluminium cans a year, will be begin operating in the ...

http://www.phnompenhpost.com/index.php/2012051856231/Business/second-can-factory-will-cater-to-locals-thirst.html

Strikers told they have it good

About 4,000 workers from two garment factories protested in Phnom Penh  yesterday for better working conditions – but bosses told them their 7.5 hour working days and free meals meant they had it pretty good. The workers from SL Garment Processing (Cambodia)’s SL1 and SL2 factories ...

http://www.phnompenhpost.com/index.php/2012051856237/National-news/strikers-told-they-have-it-good.html

Strategy for ventures: convince yourself

One of the two partners who have created Cambodia’s leading food and beverage company, with 22 outlets, says business is not merely about money, but more about finding a need and serving the need. Kouch Sokly says entrepreneurs need to find out what the market needs ...

http://www.phnompenhpost.com/index.php/2012051856228/Business/strategy-for-ventures-convince-yourself.html

Death points up urgency of ELC review

The government needs to act – and act now – to review all economic land concessions, which un­derscore the Kingdom’s dark disease of violent land disputes, rights groups said yesterday. Ten days after Prime Minister Hun Sen signed a regulation for an immediate and indefinite moratorium ...

http://www.phnompenhpost.com/index.php/2012051756223/National-news/death-points-up-urgency-of-elc-review.html

Slow outlook for 2012 rice exports

Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments. The cost of shipping rice to Europe climbed by more than 50 per cent between ...

http://www.phnompenhpost.com/index.php/2012051756213/Business/slow-outlook-for-2012-rice-exports.html

Rising oil prices fueling inflation

Rising oil prices fuelled a month-to-month inflationary increase of 5.4 per cent through February and March, according to data from the National Institute of Statistics. Factors such as sanctions on Iranian oil, as well as floods that depleted Cambodian crops last year accounted for the rise ...

http://www.phnompenhpost.com/index.php/2012051756212/Business/rising-oil-prices-fuelling-inflation.html

Investors eye Meoun Chey border

Chinese, Korean and local investors have shown interest in Meoun Chey border crossing in Prey Veng province’s Komchay Mear district between Cambodia and Vietnam, provincial officials said yesterday. Komchay Mear district governor Prak Savann said the potential investors are looking for land in the area to ...

http://www.phnompenhpost.com/index.php/2012051756211/Business/investors-eye-meoun-chey-border.html

Men rescued from fishing boat slavery

Two Cambodians were repatriated yesterday after being rescued from a fishing vessel at a port in Senegal on Friday, thanks to collaborative intervention by the International Organization for Migration and Senegalese authorities. Toy Koeun, 29, from Pursat province, and Som Pich, 20, from Kampot province, said ...

http://www.phnompenhpost.com/index.php/2012051756219/National-news/men-rescued-from-fishing-boat-slavery.html

Agreement reached at Thai seafood factory

A conclusive settlement has been reached in the long-running dispute between a Thai seafood factory and its Cambodian employees, Cambodian ambassador to Thailand You Ay said yesterday. Rights groups and workers at the Phatthana Seafood factory in Thailand’s Songkhla province, which employs 1,050 Cambodians, have accused ...

http://www.phnompenhpost.com/index.php/2012051756221/National-news/agreement-reached-at-thai-seafood-factory.html

Union leader brings backup

More than 20 union members and workers at a factory in Kandal province rallied around a union leader yesterday, fearing that he would be arrested after police called him in for questioning. Lor Sopheak, national secretary-general of the Khmer Workers Power Co-operation Union [KWPCU] and an ...

http://www.phnompenhpost.com/index.php/2012051756215/National-news/union-leader-brings-backup.html

Nan Sy told to sell his real estate

Fugitive former ambassador to Brunei Nan Sy had been ordered to sell his two properties to pay back funds embezzled from the Ministry of Foreign Affairs and International Co-operation, officials said yesterday. ...

http://www.phnompenhpost.com/index.php/2012051756216/National-news/nan-sy-told-to-sell-his-real-estate.html

Casino to open in Ratanakkiri this August

A new US$3.5 million casino will open in Ratanakkiri province, according to a representative of Try Pheap Import Export Company. “We’ll have a similar kind of casino to what they have in Bavet,” Bee Chivoan Dara said. Try Pheap Mittapheap Casino Entertainment Resort is built on more ...

http://www.phnompenhpost.com/index.php/2012051756210/Business/casino-to-open-in-ratanakkiri-this-august.html

Q1 exports to Thailand soar

Cambodia’s exports to Thailand jumped 55 per cent year on year in the first quarter of 2012 on what experts and officials said was a smoother political relationship between the countries, as well as an easing of Thai border regulations. The Kingdom shipped US$85.4 million in ...

http://www.phnompenhpost.com/index.php/2012051656176/Business/q1-exports-to-thailand-soar.html

Blackout protest nixed by authorities

Kampong Thom provincial authorities blocked Sam Rainsy Party officials’ plans to hold a non-violent demonstration today to call attention to frequent power outages, according to an official letter from deputy governor Sorm Sophath obtained by the Post. ...

http://www.phnompenhpost.com/index.php/2012051656182/National-news/blackout-protest-nixed-by-authorities.html

TTY to open $6m rice milling plant in 2013

Cambodian-owned TTY corporation will invest US$6 million in a rice milling plant in Kampong Speu province, company officials said yesterday. Heng Sarath, TTY deputy director, said the factory would be built on national road 6, and would mill 20 tonnes of rice per year. Construction is ...

http://www.phnompenhpost.com/index.php/2012051656175/Business/tty-to-open-6m-rice-milling-plant-in-2013.html

Hotel owner looks to help

Mates are more important than anything else for Paul Ouk, an Australian-born and raised ethnic Khmer. “It’s not about the money, it’s about the people,” says Ouk, who owns Me Mates Place, a guesthouse on Street 90 and a restaurant and bar on Street 88 called, ...

http://www.phnompenhpost.com/index.php/2012051656174/Business/hotel-owner-looks-to-help.html

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