The Phnom Penh Post

Thai firm says Xayaburi project has begun

The controversial Xayaburi hydro-electric dam project in northern Laos may have already begun, despite countries, including Cambodia, requesting further studies to assess possible negative effects on Lower Mekong communities.Thai development firm Ch.Karnchang said it was due to begin building the dam on March 15 after finalising a ...

http://www.phnompenhpost.com/index.php/2012041955661/National-news/worrying-dam-claims.html

Exit of ANZ Royal CEO unexplained

ANZ Royal Bank chief executive Damian Bell has resigned from the post he held for not much more than a month, a company spokeswoman confirmed yesterday. He resigned “several weeks ago”, Libby Armstrong, a Hong Kong-based ANZ spokeswoman, said by phone. No explanation was offered for ...

http://www.phnompenhpost.com/index.php/2012041855621/Business/exit-of-anz-royal-ceo-unexplained.html

PPWSA stock to list today

Investors, along with the next two companies expected to list on the Cambodia Securities Exchange, will watch carefully this morning the action on the country’s first initial public offering, nine months after the CSX officially opened. After a book-building process that was 17 times over-subscribed, Phnom Penh ...

http://www.phnompenhpost.com/index.php/2012041855632/Business/ppwsa-stock-floats-today.html

Leopard Capital allegedly sank seafood firm

In Sihanoukville, just north of Cambodia’s only deep-water port, stands the headquarters of Chenla Seafood. A uniformed guard stands watch at the gate, which opens on to manicured grounds and a two-building facility that houses what will likely become the country’s premier seafood processor. A few ...

http://www.phnompenhpost.com/index.php/2012041755612/Business/leopards-fishy-business.html

Thai ban weighs on Cambodia's corn crop

A Thai ban on Cambodian corn and other agricultural products led to a 65 per cent year-on-year drop in the Kingdom’s corn exports during the first two months of the year, officials claimed yesterday. January and February exports fell to 2,333 tonnes from 6,694 a year ...

http://www.phnompenhpost.com/index.php/2012041755602/Business/thai-ban-weighs-on-kingdoms-corn-crop.html

Mu Sochua calls out Aussie mining firms

Opposition parliamentarian Mu Sochua has taken aim at Australian mining companies eyeing the Kingdom’s resources, travelling to their home soil to lobby the halls of power. Mu Sochua cited fears that Australian companies awarded exploration concessions in Ratanakkiri and Mondulkiri provinces will treat ethnic minorities there ...

http://www.phnompenhpost.com/index.php/2012041755607/National-news/mu-sochua-calls-out-aussie-mining-firms.html

New Year’s price hikes kick in

As many flock to their hometowns today to celebrate Khmer New Year, complaints of price hikes and border bribes have started pouring in like clockwork. Passengers arranging transport to the provinces told the Post yesterday that bus companies and taxies had raised their prices despite a ...

http://www.phnompenhpost.com/index.php/2012041255576/National-news/new-years-price-hikes-kick-in.html

Flights from Manila ready for take-off

The Philippines’ Cebu-Pacific Airlines will launch direct flights to Siem Reap from Manila on April 19, according to a Cambodian civil aviation official. The Philippine airline sought to take advantage of Siem Reap’s status as a big tourist destination, Soy Sokhan said. ...

http://www.phnompenhpost.com/index.php/2012041255588/Business/touching-down-flights-from-manila-ready-for-take-off.html

Nike seeks investigation of mass fainting incidents

Global sportswear giant Nike has asked the International Labour Organisation’s industry monitoring body to investigate the two mass fainting incidents at its supplier Sabrina (Cambodia) Manufacturing last week and report its finding to it, Nike said yesterday. “Nike has requested ILO Better [Factories] Cambodia, the industry ...

http://www.phnompenhpost.com/index.php/2012041255580/National-news/nike-seeks-investigation-of-mass-fainting-incidents.html

Strings attached to Thai firm’s offer

Cambodia migrant workers seeking to leave allegedly exploitative conditions at the Phatthana Seafood factory in southern Thailand said yesterday that they were still being forced to pay to get their passports back. The factory, which exports fish to buyers across the world including Walmart, has come ...

http://www.phnompenhpost.com/index.php/2012041255583/National-news/strings-attached-to-thai-firms-offer.html

A migrant state of mind

A lone Cambodian woman was found sitting outside Phnom Penh International Airport late on Tuesday night by patrolling police. Smiling to herself, with a vacant expression, she was unable to explain where she came from or what she was doing, but a Malaysian stamp was found ...

http://www.phnompenhpost.com/index.php/2012041255582/National-news/a-migrant-state-of-mind.html

Couple’s arrest ‘no mistake’

No mistake was made when former Anco Brothers executive Heng Chheang and his wife, Tep Kolap, were arrested last year, the Supreme Court ruled yesterday. Pin Vannak, a defence lawyer for the couple, had argued they had been arrested illegally because the Phnom Penh municipal court ...

http://www.phnompenhpost.com/index.php/2012041255585/National-news/couples-arrest-no-mistake.html

Passports in hand, strikers eye return

More than half of the 800 Cambodian workers who accused police of threatening them with guns and firing into the air during a protest at Phatthana Seafood Co in Thailand on Monday were preparing to return home yesterday, a strike representative said. Sok Sorng said employees ...

http://www.phnompenhpost.com/index.php/2012041155562/National-news/passports-in-hand-strikers-eye-return.html

Arrivals at Cambodia’s airports up 20 per cent

Arrivals at Cambodia’s two biggest airports increased by about 20 percent year-on-year in the first quarter of 2012, according to Cambodia Airports. Industry insiders said economic progress in the region coupled with increased flights added to the passenger count at Phnom Penh International Airport and Siem ...

http://www.phnompenhpost.com/index.php/2012041155547/Business/arrivals-at-cambodias-airports-up-20-per-cent.html

Kingdom rubber exports dip

Cambodian rubber exports declined 3 per cent year-on-year during the first two months of 2012, according to figures from the Ministry of Commerce. The value of the exports fell by nearly a third. ...

http://www.phnompenhpost.com/index.php/2012041155546/Business/kingdom-rubber-exports-dip.html

Small victory for villagers

The Kampong Chhnang provincial court yesterday ordered the KDC company to produce proof of ownership for 105 land titles in the Kampong Tralach district, the subject of a land dispute that dates back to 2007. ...

http://www.phnompenhpost.com/index.php/2012041155557/National-news/small-victory-for-villagers.html

Maruhan adds yuan services for customers

MARUHAN Japan Bank will be the next to join a growing list of Cambodian banks that provide cross-border remittance in Chinese yuan. The move by the Japanese-owned bank is part of a greater push to promote trade with China throughout the region, according to a statement ...

http://www.phnompenhpost.com/index.php/2012041055518/Business/maruhan-adds-yuan-services-for-customers.html

Ministry says rice exports to double

Despite a slow start for milled-rice exports in 2012 brought on by falling regional prices, officials yesterday predicted Cambodian shipments would more than double to 400,000 tonnes this year. Tax exemptions from Europe, which boosted milled-rice exports to about 173,000 tonnes last year, would continue to ...

http://www.phnompenhpost.com/index.php/2012041055519/Business/ministry-says-rice-exports-to-double.html

Government eyes fuel taxes

The government plans to review fuel import taxes in the wake of soaring prices at the pump over the past few weeks, an official said yesterday. Cheam Yeap, Cambodian People’s Party lawmaker and chairman of the finance and banking commission, said the government will look into ...

http://www.phnompenhpost.com/index.php/2012041055530/National-news/government-eyes-fuel-taxes.html

Firm cautious after faintings

Workers deemed at risk of fainting were sent home yesterday morning after arriving at the gates of Sabrina (Cambodia) Manufacturing in Kampong Speu province, following two mass fainting incidents at the facility last week, union officials said. Ouk Lina, an administrative officer at the Free Trade ...

http://www.phnompenhpost.com/index.php/2012041055526/National-news/phnom-penh-cambodia-news.html

Bavet governor did it, shooting victim says

One of three women shot during a protest outside the Kaoway Sports factory in Svay Rieng province’s Bavet town on February 20 accused deposed town governor Chhouk Bandith of the crime yesterday, but told a judge she hadn’t been sure until seeing a media report ...

http://www.phnompenhpost.com/index.php/2012041055529/National-news/bavet-governor-did-it-shooting-victim-says.html

Villager freed after road block

Provincial authorities released land protester Bun Ratha, who was detained on Friday and sent to Kratie prison, after his supporters blocked traffic on National Road 73 yesterday. More than 500 villagers from Chhlong district’s Kampong Damrei commune, who are in a dispute with rubber company Kasotim ...

http://www.phnompenhpost.com/index.php/2012041055522/National-news/villager-freed-after-road-block.html

Strikers claim shots fired

Police threatened workers and fired shots into the air as a dispute involving about 800 Cambodian workers at Phatthana Seafood Co Ltd in Thailand’s Songkhla province escalated yesterday, a workers’ representative said. Sok Sorng said “many police” had threatened workers with guns as more than 1,000 ...

http://www.phnompenhpost.com/index.php/2012041055531/National-news/strikers-claim-shots-fired.html

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