The Phnom Penh Post

Supertex workers in new strike

Textile workers at the Supertex factory are considering holding another strike because their compensation demands have not been met during an Arbitration Council hearing. Previously Supertex announced it was closing its factory without having given prior notice, prompting the 1,600 works to seek arbitration. With ...

http://www.phnompenhpost.com/index.php/2011072250569/National-news/supertex-workers-in-new-strike.html

Fire trucks blamed in fainting

The mass fainting spell that affected the Hung Wah Cambodia Garment Manufacturing factory in Phnom Penh yesterday  has been blamed on the lack of sleep due to fire trucks having been nearby during the night putting out a blaze. There has been some debate over ...

http://www.phnompenhpost.com/index.php/2011072250573/National-news/fire-trucks-blamed-in-fainting.html

Army aided loggers: US Cable

A US diplomatic cable released by WikiLeaks from the Embassy in Bangkok has provided evidence that Cambodian soldiers were providing assistance and protection to loggers along the Thai-Cambodian border. Some of the loggers were killed in clashes with Thai troops. The allegations have been denied ...

http://www.phnompenhpost.com/index.php/2011072250578/National-news/army-aided-loggers-us-cable.html

Beer girl exploitation revealed

The exploitation of women who work as beer promoters is soon to be exposed in a report that is going to be released by Care Cambodia and the Solidarity Association of Beer Promoters in Cambodia. The report will include first had accounts and interviews of ...

http://www.phnompenhpost.com/index.php/2011072250581/National-news/beer-girl-exploitation-revealed.html

Koh Kong king halted

Ly Yong Phat and his company LYP Group have been ordered to cease all dredging operations on the Tatai river pending a review of the effects by the Ministry of Water Resources and Meteorology. LYP Group currently has a permit to dredge seven areas of ...

http://www.phnompenhpost.com/index.php/2011072250582/National-news/koh-kong-king-halted.html

Mortgage lending improving as real estate sector slowly returns to strength

Mortgages are increasingly being used by home buyers in Cambodia according to experts. Commercial banks had slowed direct loans to property development in the wake of the 2008 global financial crisis, though mortgage lending has increasingly filled the space, said National Valuers Association of Cambodia ...

http://www.phnompenhpost.com/index.php/2011072150544/Special-Supplement/mortgage-lending-improving-as-real-estate-sector-slowly-returns-to-strength.html

Price tag set for railway link to Vietnam border

The rail link to Vietnam from Cambodia has been estimated at $686 million dollars. The link would finally connect Singapore to Kunming, China. The $686 million does not include compensation for those who link along the proposed railway locations and no funding has been confirmed ...

http://www.phnompenhpost.com/index.php/2011072150549/Business/price-tag-set-for-railway-link-to-vietnam-border.html

Dam worker beats odds to survive

Through a concerted effort on part of the surgical staff at Calmette hospital, Touch Daro, a worker at the Kamchay hydropower dam will survive his injuries. An industrial drill bit went through his back and out his bottom whilst he was working on the dam. ...

http://www.phnompenhpost.com/index.php/2011072150537/National-news/dam-worker-beats-odds-to-survive.html

Battambang districts facing drought

Four districts and over a thousand families are facing a drought in Battambang province. More rain is needed as approximately 70 percent of the province’s 250,000 hectares of rice paddies have been planted. Ministry of Agriculture, Forestry and Fisheries chief of the rice department Ngin ...

http://www.phnompenhpost.com/index.php/2011072150555/National-news/battambang-districts-facing-drought.html

Oil dispute optimism

A solution to the Overlapping Claims Area (OCA) in the Gulf of Thailand may be at hand due to the election of Puea Thai. Petroleum companies are said to to be ready to explore the region, an area of more than 27,000 square kilometers. A ...

http://www.phnompenhpost.com/index.php/2011072150552/Business/oil-dispute-optimism.html

Cambodia’s airports see growth in 2011

There has been a 13 percent increase to Cambodia’s two international airports since the beginning of the year. The USA, China, South Korea and Vietnam along with Japan were the key factors in this growth. The government’s attempts to attract visitors and investors is cited ...

http://www.phnompenhpost.com/index.php/2011072150548/Business/cambodias-airports-see-growth-in-2011.html

Valuers to meet in Siem Reap

Real-estate evaluators from the ASEAN Valuers Association (AVA) have met in Siem Reap in order to improve the industry. The AVA wants to develop the Cambodian real-estate market by assisting developers and investors. Those attending the conference share experience and ideals will offering training to ...

http://www.phnompenhpost.com/index.php/2011072050510/Business/land-pricing-valuers-to-meet-in-siem-reap.html

Cambodia targets de-dollarisation, crisis prevention

Cambodia’s financial strategy for the next decade includes de-dollarisation, improved regulations and better crisis prevention and management. The Financial Sector Development Strategy (FSDS) was released by the Ministry of Economy and Finance in partnership with the National Bank of Cambodia (NBC) and financed by the ...

http://www.phnompenhpost.com/index.php/2011072050512/Business/cambodia-targets-de-dollarisation-crisis-prevention.html

Buyers going for gold

Consumer interest in gold has increased in Cambodia even with the price of gold at a record high. Gold is up more than $333 from the same time last year. The increase in gold prices is said to be a result of the 2008 financial ...

http://www.phnompenhpost.com/index.php/2011072050514/Business/buyers-going-for-gold.html

Court again frustrates locals in KDC

KDC International, which is owned by Chea Kheng the wife of Industry Minister Suy Sem has been accused of grabbing 145 hectares of land in the Kampong Chhnang province. The villagers who claim the land have filed objects individually, after having been told to do ...

Mfone’s pricing plan draws controversy

The launch of Mfone’s new unlimited calling plan has drawn criticism from the Ministry of Post and Telecommunications. It is said that the price scheme contravenes Cambodia’s minimum pricing rules introduce in 2009. Hello, another mobile phone provider, has already introduced an unlimited calling plan ...

http://www.phnompenhpost.com/index.php/2011071950472/Business/mfones-pricing-plan-draws-controversy.html

Imports from Thailand show decline

The Thai embassy has released figures that show that exports to Cambodia have decreased slightly from $1.095 billion to $1.091 billion. Total trade between the nations has increased by 3.5 percent for during the first of the year when compared to last year. Cambodia has ...

http://www.phnompenhpost.com/index.php/2011071950473/Business/bilateral-trade-imports-from-thailand-show-decline.html

Chinese firm seeks rice from the Kingdom

Sino Grain, a Chinese agriculture company, has come to Cambodia seeking to import milled rice to China. Minister of Commerce Cham Prasidh has encouraged the company to invest in Cambodia by building a rice processing plant in the country and not merely exporting grain. A ...

http://www.phnompenhpost.com/index.php/2011071450369/Business/chinese-firm-seeks-rice-from-the-kingdom.html

The ‘King of Koh Kong’ speaks out

Senator Ly Yong Phat, owner of the Phnom Penh Palm Sugar and Kampong Speu Sugar companies, has released a statement as a result of US diplomatic cables released by Wikileaks that describe him as “The King of Koh Kong”. He answers such questions as why ...

http://www.phnompenhpost.com/index.php/2011071450378/National-news/the-king-of-koh-kong-speaks-out.html

Third worker killed at hydrodam

Ouch Nob, an electrician, was killed while working at the Russei Chrum Kraom river hydropower construction site. Last week two Chinese nationals also working at the site died. China Huadian Hong Kong Limited has agreed to pay the victim’s family $4,700 in compensation. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/third-worker-killed-hydrodam

‘Encouraging’ gold prospects in Kratie

Initial yields from deposits in Kratie province have prompted Indochine Mining Limited to announce that they were ‘encouraging.’ Results from the drilling will be released in two weeks. The drilling was focused on two target sites within Kratie province. ...

Taiwanese bank eyes Kingdom

Mega International Commercial Bank, a Taiwanese bank, has been in talks with the National Bank of Cambodia (NBC) about setting up operations in Cambodia. The kingdom is said to be an emerging financial sector. The initial branch will be in Phnom Penh in order to ...

http://www.phnompenhpost.com/index.php/2011071350354/Business/taiwanese-bank-eyes-kingdom.html

Thaksin oil deal interrupted

A Cambodian and Thai dispute over oil nearly reached a resolution when then prime minister of Thailand Thaksin Shinawatra was ousted was revealed in diplomatic cables released by Wikileaks. The cable details a meeting between the US-ASEAN Business council in Phnom Penh on May 15, ...

http://www.phnompenhpost.com/index.php/2011071350344/National-news/thaksin-oil-deal-interrupted.html

Nation’s first sea bridge opens

A bridge crossing the sea between Sihanoukville and the island of Koh Puos in Cambodia has officially been opened by Prime Minister Hun Sen. Koh Pous owned by the Russian company Koh Pous (Cambodia) Investment Group is turning the island into a resort known as ...

http://www.phnompenhpost.com/index.php/2011071350355/Business/nations-first-sea-bridge-opens.htm

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