The Phnom Penh Post
Residents concerned over low land price
At least 22 families living in the capital’s Chamkarmon district say they are being forced to sell their land at below market value to Thailand’s Bun Roong Company in order to make way for a housing development. Village representative Chhim Veasna said on Wednesday that the ...
Revenues from trade inspection climbing
Camcontrol Directorate General revenue from goods inspections during the first half of the year increased by more than 32 percent compared to the same period last year, according to Ministry of Commerce data. Camcontrol, or the Cambodia Import-Export Inspection and Fraud Repression Directorate General, which regulates ...
Sickles brought to protest
Armed villagers from Kratie province’s Snoul district protested yesterday against district officials and a Vietnamese company they believe wants to cheat them out of their farmland. The rights to 300 hectares of land around Sre Cha commune’s Meanchey village have been highly disputed since 2008, when ...
http://www.phnompenhpost.com/index.php/2011092251800/National-news/sickles-brought-to-protest.html
World Bank highlights wage gains
The wages and working conditions of garment factory workers in Cambodia are at or above the national average, a report from the World Bank has found The minimum wage for garment workers in Cambodia rose to US$61 for regular workers in June 2010 and in March ...
SMEs call for better loan rates
The Kingdom’s small and medium enterprises have called on commercial banks and micro-finance institutions to lower interest rates on loans, as insiders have said they hamper SMEs’ potential for growth. Many Cambodian SMEs are concerned that the high interest rates offered by banks reduce productivity, according ...
http://www.phnompenhpost.com/index.php/2011092151765/Business/smes-call-for-better-loan-rates.html
Payout for swept-away workers
The company constructing a dam in Koh Kong province, where seven workers were swept away in floodwaters earlier this month, has paid US$1,000 to the families of each of the men for funeral expenses, but is denying responsibility for the incident, an official said yesterday. Sok ...
PM talks gas and oil with Thai assembly head
Prime Minister Hun Sen held talks with President of the Thai National Assembly Somsak Kiatsuranot in the capital yesterday, paving the way for the extraction of contested oil and gas reserves in the Gulf of Thailand Yesterday’s talks between Hun Sen and Somsak focused on restoring ...
Brighton grows in Mondulkiri
Mining concession buy-outs will make Brighton Mining Limited one of the Kingdom’s largest miners by concession size in Cambodia’s Mondulkiri province, according to a company statement released yesterday. Brighton, an ASX-listed company, has completed negotiations with Summer Gold Investment Pty Limited for mining concessions in Mondulkiri ...
Cambodia, Vietnam talk trade
Cambodia and Vietnam yesterday pledged to strengthen cooperation on a range of issues involving trade and investment, in order to boost increasing trade between the neighbouring countries. Bilateral trade between the nations is currently in its most significant period, with trans-border business continuing to grow, Cambodia ...
http://www.phnompenhpost.com/index.php/2011092051739/Business/cambodia-vietnam-talk-trade.html
Rare tiger prey at risk from land concessions
Surveys conducted by the World Wildlife Foundation have revealed that the world’s largest population of banteng, an endangered species of cattle that once thrived in the Kingdom, remains at risk due to economic land concessions and poaching inside protected areas The number of banteng in Cambodia ...
Trade with Singapore soars
The Kingdom’s total trade with Singapore soared 148 percent in the first half of the year, while exports to Hong Kong increased 80 percent in the same period, according to Ministry of Commerce figures. The data showed that Cambodia’s exports to Hong Kong totalled in excess ...
Poipet border officials say crossings increasing
Inbound foreign tourists at the Poipet International Checkpoint with Thailand increased more than 26 percent year-on-year, according to checkpoint statistics. More than 273,969 foreign tourists and traders entered Cambodia during the first eight months of the year, up from 216,546 during the same time period ...
Bonus agreement in garment worker strike
Zhen Yong Garment Factory Co Ltd has agreed to some of the demands of about 400 workers who went on strike last week, including paying annual bonuses early next month Prum Veasna, deputy of the labor dispute department at the labor ministry, said yesterday that the ...
Road block jams link to Kratie
About 500 villagers from six districts in Kratie’s Snoul district protested on National Road 7 yesterday, in a bid to find a solution to their land dispute with two Vietnamese rubber companies. Cars, trucks and buses were gridlocked from 8:00am to 12:00pm along National Road 7 ...
Real estate developers warned
Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...
http://www.phnompenhpost.com/index.php/2011091651705/Business/real-estate-developers-warned.html
Villagers plan to walk to capital
Tractors carried members of 50 families from Lor Peang village in Kampong Chhnang province’s Kampong Tralach district to the provincial courthouse early yesterday morning, where their hopes faded as they waited for court officials to accept their latest complaint against a company they accuse of ...
Threat claim for Shukaku
A villager living at Boeung Kak lake claimed yesterday that staff from Shukaku Inc, owned by ruling party senator Lao Meng Khin, threatened to demolish her home if she rejected an alleged US$80,000 offer to purchase the property Lao Vann, deputy director-general of Shukaku Inc, yesterday ...
Garment workers 'can't go on like this'
Nearly 400 workers at the Zhen Yun factory in the capital’s Russei Keo district went on strike yesterday after not receiving annual bonuses or appropriate overtime pay. The workers also said they were poorly treated by management While the factory workers were striking, a Free Trade ...
No room for strike in Siem Reap
Provincial authorities in Siem Reap will demand that the Angkor Village Hotel and Resort respect an Arbitration Council decision, which it has so far baulked at, ordering to reinstate more than 60 workers fired since July. Following protests outside the hotel and at a court hearing ...
Eight workers lost in deluge at dam site
Eight workers at the Stung Tatay hydro project, in Koh Kong province, are presumed dead after being swept away by floodwaters on Sunday. Seven of the men drowned while trying to rescue a colleague who had fainted after floodwaters swept over a bridge, stranding him at ...
Inflation weighs on Kingdom's rice exports
Cambodia’s rice export revenues jumped by more than 200% on increasing world food prices during the first eight months of the year, according to Ministry of Commerce data. Price increases, however, drove total exports down. Cambodia exported US$59.8 million in rice, or 105,452 tonnes, between January and ...
Floods show Laos needs early warning
Heavy flooding during the rainy season, affecting 10 out of 17 provinces in Laos, has underlined the need for stronger disaster-management efforts, experts say. Tropical storm Haima struck central and northern parts of the country on June 24, with Nock-10 hitting central and southern areas on ...
ADB sees growth for Kingdom
The Asian Development Bank (ADB) yesterday countered Prime Minister Hun Sen’s prediction that gross domestic product growth will reach 8.7% this year, citing a smaller projection in its annual Asian Development Outlook update. The premier quoted the growth figure in a speech given on Monday, but ...
http://www.phnompenhpost.com/index.php/2011091551672/Business/adb-sees-growth-for-kingdom.html
CamGSM deal said to be close
Telekomunikasi Indonesia’s majority stake purchase of Cambodian mobile operator CamGSM is nearing the end of negotiations that have lasted almost a year Telkom’s planned purchase of CamGSM was part of a 1 trillion rupiah (US$116 million) acquisition strategy for 2012, the Indonesian newspaper Kontan reported yesterday ...
http://www.phnompenhpost.com/index.php/2011091451619/Business/camgsm-deal-said-to-be-close.html