The Phnom Penh Post

Food costs expose gap in country's production

Despite a 67 per cent drop in food imports to Cambodia in 2011, inflation in exporting countries drove an 18 per cent rise in the total value of the imports. Food imports fell from 769,993 tonnes in 2010 to 254,080 in 2011, while the total value ...

http://www.phnompenhpost.com/index.php/2012012654150/Business/food-costs-expose-gap-in-countrys-production.html

Agriculture to see lending growth

Some commercial banks could increase loans to the agricultural sector this year, according to industry insiders who cited improvements in the sector and a rise in crop prices. Cambodian farmers lack the capital needed for inputs such as seeds and fertiliser, while domestic rice millers often ...

http://www.phnompenhpost.com/index.php/2012012654151/Business/agriculture-to-see-lending-growth.html

Worker 'threatened' for speaking to press

A Cambodian migrant worker in Thailand has said that a recruitment firm in Phnom Penh that sent him and about 1,000 others to work at an “exploitative” factory is threatening him because he spoke to the press. Keo Ratha, 37, said yesterday he received a threatening ...

http://www.phnompenhpost.com

Vulnerable evictees speak out

An 11-year-old HIV-positive girl evicted from Borei Keila moved back to Phnom Penh to live with her aunt because she had no access to medication at her relocation site in Kandal province, she said yesterday. During another day of protests outside the National Assembly, schoolgirl Theng ...

http://www.phnompenhpost.com/index.php/2012012654158/National-news/vulnerable-evictees-speak-out.html

Fumes lead to factory fainting

About 60 female workers at a garment factory in Phnom Penh’s Russei Keo district were rushed to a nearby hospital yesterday after fainting from inhaling paint fumes. Tuol Sangke commune police chief said that workers at King First Industrial Co Ltd began vomiting and complaining of ...

http://www.phnompenhpost.com/index.php/2012012554129/National-news/fumes-lead-to-factory-fainting.html

Milled rice exports fall in January

Some of Cambodia’s biggest exporters have experienced a sizeable decline in milled-rice shipments this month, with one insider putting the number as high as 40 per cent year-on-year. The waning figure stands in stark contrast to last year’s milled-rice export numbers, which increased about 22 per ...

http://www.phnompenhpost.com/index.php/2012012554123/Business/milled-rice-exports-drop-in-january.html

Kingdom relieved after US internet law fails to pass

The postponement of two US internet piracy bills last week was met with relief by human rights and media experts in Cambodia, who say the overreaching grasp of the proposed legislation would hinder the internet’s progress and growth in the Kingdom. The US House of Representative’s ...

http://www.phnompenhpost.com/index.php/2012012454103/Business/kingdom-relieved-after-us-internet-law-fails-to-pass.html

2011 rubber prices surge 132 per cent on demand

Cambodia’s 2011 rubber exports and export prices grew by 5.5 per cent and 131 per cent respectively, according to data from the Ministry of Commerce obtained by the Post. The data shows rubber exports last year totalled 46,727 tonnes, compared to 30,040 tonnes in 2010. Export ...

http://www.phnompenhpost.com

MIME backs Kingdom SMEs

The Ministry of Industry, Mines and Energy is set to provide a total of US$800,000 to small and medium enterprises as part of an initiative to strengthen the sector’s technical and competitive strategy. As many as 30 companies would receive the financing, Meng Satheara, the ministry’s ...

http://www.phnompenhpost.com

Borei Keila villagers set to sue

Women from Borei Keila who escaped Prey Speu social affairs centre last Wednesday made another impassioned plea for housing and compensation at rights group Licadho’s Phnom Penh headquarters on Friday. Armed with copies of a Borei Keila construction agreement from 2004 and in tears, they spoke ...

http://www.phnompenhpost.com

Villagers set to regain land

Villagers from Kratie province, who blocked National Road 76a last week after four of their own were shot by guards working for agro-development firm TTY, appear to be on their way to receiving farmland they lost to the company in an economic land concession. A statement ...

http://www.phnompenhpost.com

Export figures up 42% in 2011

Strong growth in garment, textile, and agricultural exports drove a 42.7 per cent increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows. The Kingdom exported $4.98 billion in goods last year, compared with $3.49 billion the year before. Market diversification and a relaxing ...

Pol Pot on the tourist map

The Documentation Centre of Cambodia has joined a coalition of government ministries on an study tour to establish a tourism plan in the former Khmer Rouge stronghold of Anlong Veng district in Oddar Meanchey, officials said yesterday. Anlong Veng was the last stronghold for the Khmer ...

http://www.phnompenhpost.com

Foreign banks eye Kingdom's prospects

Two more Vietnamese banks have announced they will apply for licences to operate in Cambodia, according to media reports. If accepted, Maritime Bank and Saigon-Hanoi Commercial Bank (SHB) would bring the number of Vietnamese banks in Cambodia to six, National Bank of Cambodia officials said yesterday. Experts ...

http://www.phnompenhpost.com

Firm refuses housing pleas

The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ...

http://www.phnompenhpost.com/index.php/2012011854001/National-news/firm-refuses-housing-pleas.html

Largest-ever Cambodian solar project launched

Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...

http://www.phnompenhpost.com/index.php/2012011853987/Business/largest-ever-cambodian-solar-project-launched.html

More predictions for CSX start date

The Cambodia Securities Exchange may launch as soon as March or April, according to an official at the Korea Exchange, the Kingdom’s partner in launching its stock market. Final preparations for the CSX’s  initial public offerings should be complete at that time, Pat Gil-soo, senior vice-president ...

http://www.phnompenhpost.com/index.php/2012011853988/Business/more-predictions-for-csx-start-date.html

Beer makers binge on ads

Whether it is dancing pop stars or plays on national pride, dramatically increasing budgets for beer advertising took Cambodia’s TV sets and public spaces by storm in 2011. Beer advertising surged 164 per cent year-on-year in 2011, according to data from Indochina Research Ltd, making it ...

http://www.phnompenhpost.com/index.php/2012011753964/Business/beer-makers-binge-on-ad-spend.html

Obama, Clinton visits set

In a sign of “improving” relations between Cambodia and the United States, the Kingdom will host US President Barack Obama and Secretary of State Hillary Clinton this year, officials confirmed yesterday. The visit would be the first by a sitting US president. Joseph Yun, the US ...

http://www.phnompenhpost.com/index.php/2012011753979/National-news/obama-clinton-visits-set.html

Workers 'win' after Kandal factory strike

Nearly 2,000 workers at a Kandal province garment factory had returned to work on Saturday and 6,000 more planned to return today after nearly three weeks of strikes, company and union representatives said yesterday. Yung Wah Factory administrative director Ing Minchuan confirmed yesterday that the roughly ...

MFI survey claims debtor success

A survey by Cambodian microfinancers showed debtors were better off in several respects than those who didn’t borrow from the institutions, MFI officials claimed. Responding to recent concerns over the role of microfinance institutions in creating poverty and loss of property in the Kingdom, the Cambodia ...

http://www.phnompenhpost.com

Amnesty calls for release of detained protesters

Amnesty International yesterday called on authorities to immediately release the 30 women and children from the Borei Keila community being detained against their will at Phnom Penh’s Prey Speu Social Affairs Center. “Those people never should have been arrested in the first place,” said Amnesty’s Deputy ...

Tax revenues from casinos climb 25 per cent in 2011

The Kingdom’s 27 casinos are set to generate about US$20 million in tax revenue for the government in 2011, a 25 per cent year-on-year increase, according to the Ministry of Economy and Finance. At least one government official, however, said the lack of a regulatory regime ...

http://www.phnompenhpost.com/index.php/2011122853644/Business/tax-revenues-from-casinos-climb-25-per-cent-in-2011.html

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