The Phnom Penh Post

More rallies against rubber

More than 300 villagers from Kampong Cham province’s Chamkar Leu, Memot, and Stung Trang districts gathered in Phnom Penh on Friday to protest against a plan to relocate them from their land in order to make way for rubber plantations. The villagers contend they have ...

http://www.phnompenhpost.com/index.php/2011082951307/National-news/more-rallies-against-rubber.html

Swift action on mass faints

Prime Minister Hun Sen ordered Ministry of Labour officials to quickly investigate and resolve problems leading to recent mass faintings at factories in Kampong Chhnang and Phnom Penh during meeting with the Council of Ministers on Friday.  Last week around 300 workers fainted at M&V ...

May Tithara, P. 2
http://www.phnompenhpost.com/national/swift-action-mass-faints

Temple visits slow after clash

Tourists are still wary about travelling to Preah Vihear temple following border clashes in the area earlier this year, according to provincial officials. Visitor numbers had declined 15.5 per cent during the first seven months compared year on year, but had slowly begun rising in ...

http://www.phnompenhpost.com/index.php/2011082651273/Business/temple-visits-slow-after-clash.html

H&M in second mass faint

The second mass fainting to hit a factory in Kampong Chnnang that supplies knitwear for H&M this week has prompted intervention from provincial labour officials and an investigation by the Swedish-based company. The International Labour Organisation, which monitors the M&V factory where as many as ...

Tep Nimol and Vincent MacIssac, P. 2
http://www.phnompenhpost.com/national/hm-second-mass-faint

Maid nightmares retold

A Cambodia migrant worker who was at times threatened at knifepoint, tied up or punched in the head by her employer yesterday revealed her chilling experience of the labour recruitment industry.  Following her testimony via video link, broadcast at Sam Rainsy Party headquarters, opposition parliamentarian ...

http://www.phnompenhpost.com/index.php/2011082651282/National-news/labour-nightmares-retold.html

Taxes set to reduce transactions

The pending property tax could lead to declining residential property transactions in the Kingdom as residents fear rising house prices. Although the property sector is currently stable after the country’s recovery from the financial crisis, it is expected to stall once the prakas is implemented, VMC ...

http://www.phnompenhpost.com/index.php/2011082551247/Special-Supplement/taxes-set-to-reduce-transactions.html

Maruhan inks a deal with microfinance firm

Mahuran Japan Bank and the Seilanithih Microfinance Institution have signed an agreement to work together, according to a statement yesterday. Maruhan general manager Onishi Shizuo said  the agreement would benefit both parties. “By joining forces with us, Seilanithih will be able to expand the size of ...

http://www.phnompenhpost.com/index.php/2011082551248/Business/maruhan-inks-a-deal-with-microfinance-firm.html

CDC approvals rise by 247pc, January to July

The Council for the Development of Cambodia (CDC) approved 75 investment projects worth US$5.5 billion between January and July, according to council statistics. This growth represents a 247 per cent, year-on-year increase in the value of approved investment projects, 60 of which were in the industrial ...

http://www.phnompenhpost.com/index.php/2011082551249/Business/cdc-approvals-rise-by-247pc-january-to-july.html

Construction Approvals Grow

GOVERNMENT-approved construction projects soared 84 percent year-on-year through July to US$747.7 million, which officials called the biggest jump since the property market bust three years ago. The number of approved projects for the period reached 1,279, a decline from the 1,344 projects greenlighted in the first ...

http://www.phnompenhpost.com/index.php/2011082351195/Business/construction-approvals-grow.html

Figures Reveal Inflation Increase

CAMBODIA’S prices were 7 percent higher at the end of June compared to the month in 2010, according to National Institute of Statistics official Sim Ly yesterday. Although the organisation was still preparing to release the official figures, Sim Ly said the figures would also ...

http://www.phnompenhpost.com/index.php/2011082351198/Business/figures-reveal-inflation-increase.html

Food Imports See Big Jump

CAMBODIA’S total food and beverage imports jumped 28 percent year-on-year through June to US$74 million, as domestic demand continued to outpace the Kingdom’s production capacity. The demand comes as Cambodia’s economy regains momentum following the global financial crisis, said officials at the Ministry of Commerce, ...

http://www.phnompenhpost.com/index.php/2011082351201/Business/food-imports-see-big-jump.html

Danish Firm Opens Warehouse in Capital

DANISH logistic giant Damco has opened a 6,000-square-metre warehouse facility in Phnom Penh in response to the Kingdom’s growing importance as an emerging market, the company said in a statement. Damco Company (Cambodia), which is part of international conglomerate AP Moller-Maersk Group, said manufacturers have increasingly ...

Angkor Wat Visits Up on Asia Tourist Arrivals

THE number of international tourists visiting Siem Reap’s Angkor Wat temples increased 23 percent year-on-year through July, with statistics showing notable growth in travellers from Vietnam, South Korea, China and Japan. Some 907,463 tourists arrived at Angkor Wat in the first seven months of 2011, up ...

http://www.phnompenhpost.com/index.php/2011082251171/Business/angkor-wat-visits-up-on-asia-tourist-arrivals.html

Deals With China Inked

Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...

http://www.phnompenhpost.com/index.php/2011082251177/Business/deals-with-china-inked.html

Tariffs May Prompt Thaicom Move

Steep price cuts by mobile operator Hello may prompt Thaicom to sell its majority stake in Mfone, according to investment firm Cambodia Capital. Cambodia Capital claims Hello’s drop in the tariffs it charges customers this year has heavily impacted Mfone’s operations, as well as those ...

http://www.phnompenhpost.com/index.php/2011081951137/Business/tariffs-may-prompt-thaicom-move.html

Lakeside Deal Skips Village 1

Hundreds of families at Boeung Kak lake would receive land titles next week, Phnom Penh governor Kep Chuktema announced yesterday, but one village has been excluded from the deal that all but ends Phnom Penh’s highest-profile land dispute. At a meeting with about 500 villagers ...

http://www.phnompenhpost.com/index.php/2011081951143/National-news/lakeside-deal-skips-village-1.html

More NGOs Scrutinised

International NGO Bridges Across Borders and umbrella group NGO Forum met yesterday morning with officials at the Ministry of Foreign Affairs who accused both of making “false” and “unfair” claims to the Asian Development Bank about the death of two children relocated by a railway ...

http://www.phnompenhpost.com/index.php/2011081951151/National-news/more-ngos-scrutinised.html

Accounting for the Bourse

Financial experts in the Kingdom yesterday called on the banking sector to implement improved corporate governance and increase transparency in order to ensure confidence in companies ahead of trading on the Cambodian Securities Exchange. Banks in the country have been required to publicly disclose financial ...

http://www.phnompenhpost.com/index.php/2011081751090/Business/accounting-for-the-bourse.html

Asean to forge ahead through global crises

Southeast Asia needs to push ahead with a regional free trade bloc and policies to cope with global financial crises, Indonesia’s government said yesterday. Indonesia’s Vice President Boediono, addressing trade ministers from the Association of Southeast Asian Nations (ASEAN), said it was evident since the ...

http://www.phnompenhpost.com/

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