The Phnom Penh Post

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

Chinese telco gears up for an August 4G launch

Xinwei Cambodia, China’s first step into the Kingdom’s telecoms market, planned to launch fourth-generation mobile services in August, according to officials and a company statement. The Beijing-based firm will deploy its homegrown network technology, McWiLL, and was expected to launch top-to-bottom operations that, according to the ...

http://www.phnompenhpost.com/index.php/2012051556159/Business/chinese-telco-gears-up-for-an-august-4g-launch.html

Mu Sochua decries intimidation tactics

Opposition Sam Rainsy Party lawmaker Mu Sochua yesterday condemned the “system” that has left civil-servant husbands of Boeung Kak lake protesters believing they must decide between their marriages and their jobs. Activists Tep Vanny and Tol Srey Pov told the Post last week that their husbands, ...

http://www.phnompenhpost.com/index.php/2012051556167/National-news/mu-sochua-decries-citys-arm-twisting.html

General concern over settlement

A nearly year-long land dispute in Oddar Meanchey has been resolved for most parties involved by the intervention of two RCAF generals, but critics contend the more than 2,400 hectare-giveaway is a ploy to influence upcoming elections. Generals Kun Kim and Chea Tara yesterday granted 1.5 ...

http://www.phnompenhpost.com/index.php/2012051556169/National-news/general-concern-over-settlement.html

Transparency key to ASEAN Human Rights Declaration

Transparency and consultation with civil society will give the ASEAN Human Rights Declaration the status and respect it needs to make a difference in the region, UN High Commissioner for Human Rights Navi Pillay said on Friday. The AHRD will be presented to foreign ministers in ...

http://www.phnompenhpost.com/index.php/2012051556165/National-news/transparency-key-to-change.html

Bavet town shooting victims summonsed again

For the second time, court officials want to question three female workers who say they were shot and wounded by former Bavet town governor Chhouk Bandith at a labour protest earlier this year. The second summons, which has outraged the women, stems from a complaint that ...

http://www.phnompenhpost.com/index.php/2012051556162/National-news/victims-summonsed-again-suspect-still-free.html

PM pushes edible exports

Prime Minister Hun Sen yesterday urged Cambodian food and beverage companies to look to export markets. The call, made at the opening ceremony of the Khmer Brewery, came in the wake of similar exhortations from international organisations for Cambodia to diversify its exports. “Now, we are not ...

http://www.phnompenhpost.com/index.php/2012051556160/Business/pm-pushes-edible-exports.html

Stung Treng looks to revamp jungle airport

Officials in the northeastern province of Stung Treng hope future travellers will trade their bus seats for plane tickets. No fuctional airport exists in the province, but local officials are demarcating, and looking to revamp, a landing strip that was installed when Cambodia was a protectorate ...

http://www.phnompenhpost.com/index.php/2012051556158/Business/stung-treng-looks-to-revamp-jungle-airport.html

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