News

CAMBODIA Post (CP), which plans to list on the local bourse, earned 8.1 per cent more revenue year-on-year in 2012, driven in part by its recent transformation from a wholly state-owned delivery company into a semi-autonomous entity. Revenues last year hit more than $4 million, compared ...

CAMBODIA needs greater diversification of its exports – especially in the agricultural sector – in order to achieve sustainable economic growth, a senior official said yesterday. Economy and Finance Minister Keat Chhon raised the issue during the annual meeting of the Ministry of Commerce. Commerce Minister ...

Yet another resident of Phnom Penh’s Sen Sok district came forward yesterday to join “Crocodile Grandmother” Chhin Sokoutheary in accusing city and district officials of issuing a false sub-decree to acquire land in the vicinity of Pong Peay Lake in Phnom Penh Thmey commune. Chea Savean, ...

Former employees of the failed telecommunications company MFone have been told they can expect a decision next month on their claims for more than $4 million in compensation. Former Mfone section manager Bou Kunthea said after a meeting yesterday with offic-ials from the Ministry of Social ...

Six of the 10 labor unions negotiating with the country’s garment manufacturers over a new minimum wage for factory workers dropped their demands yesterday to $73 per month, breaking previous commitments by unions to stand at $91. Ken Loo, secretary-general of the Garment Manufacturers Association ...

Four NGOs asked the government yesterday to explain the decision to promote Lao Saroeun to an undersecretary of state position in the Ministry of Posts and Telecommunications, even though he has not been cleared of alleged corruption. “In proper practice, people under investigation for alleged corruption ...

Twenty-seven families in Oddar Meanchey’s Trapaing Prasat district filed a complaint with Hun Sen’s cabinet and the rights group Adhoc on Monday, maintaining that soldiers have been preventing them from farming since October 2012. A representative of the villagers, Soeung Sophea, 59, said yesterday that troops ...

Hun Sen asked authorities to maintain the pristine beaches along coastal provinces by not allowing any industrial factories to be constructed on or near them. The comment was aimed towards an agreement signed by Cambodian and Chinese companies late last month to build a $2.3 ...

Cambodia on Tuesday officially inaugurated the National Council on Green Growth, aiming at developing a sustainable economic society with natural resource and environment sustainability. Cambodia has adopted several legal instruments for the green growth implementation. Those included the roadmap for green growth, the memorandum of ...

The Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation (BIC) has announced it will pour nearly 5 million USD into its subsidiary companies in Laos and Cambodia. BIC will also buy back the 65 percent stake of the Cambodian Investment and Development ...

Union leaders asked garment workers to go on strike and demand the $100/month wage because the factory owners were not budging from their $75 stance. Rong Chhun, President of the Cambodian Confederation of Unions, said “This was the last meeting and we couldn’t ...

Hun Sen announced that 1.5 mln hectares of Economic Land Concessions were granted to private companies. 1.2 mln hectares, 80 percent, of the concessions are used for rubber plantation sector. He said, that Cambodia still maintain[s] 9.2 mln hectares of forest land even though 1.5 mln ...

The Ministry of Tourism and the French TV channel TF1 have signed a deal on a “2013 action plan” that will promote Cambodia’s beach tourism. The agreement was inked yesterday by Tourism Minister Thong Khon and Franck Firmin Guion, the president of Adventure Line Product-ions (ALP). The plan ...

The Asian Development Bank has refused to release a critical study on the impacts its $141.6 million railway project is having on thousands of Cambodian families because disclosure of the report could hurt its relationship with the government, an ADB spokeswoman said. Raising concerns about the ...

More than 1,000 workers from the Maru Chuen garment factory in Phnom Penh’s Dangkor district blocked the Veng Sreng road on the outskirts of Phnom Penh for half an hour yesterday, burning about 20 tyres and demanding a monthly minimum wage increase from $61 to ...

Nearly 50 families in Koh Kong province’s Kiri Sakor district will finally receive official titles after repeatedly requesting – and being denied – student volunteers to measure their land, the villagers’ commune chief said yesterday. Koh Pol commune chief Ev Kosal, who participated in the meeting ...

CAMBODIA’S first financial leasing company plans to rev up its market share for motorcycle financing from 15 to 45 percent starting this year. GL Finance plans to do so by increasing its number of branches here from 11 to 36, said Mitsuji Konoshita, chairman of Group ...

Fifty Tampuon ethnic minority families protested yesterday in front of the Soeung Commune Hall in Bakeo district against their commune chief, who they allege sold land that belonged to the Ratanakkiri community. In a complaint filed to rights group Adhoc yesterday, the families claim that commune ...

Activists in Kratie province’s Snuol district seized seven chainsaws over the weekend and collected evidence that four police checkpoints were used to solicit bribes from illegal loggers, representatives of the network said yesterday. After scouring thousands of hectares of protected forest from Friday through yesterday, the ...

About 300 former employees of bankrupt mobile phone operator Mfone continued to protest yesterday outside the company’s closed Phnom Penh offices, demanding severance payments totaling $4.4 million for 1,092 workers. But Vong Savan, deputy secretary-general of the Labor Dissolution Commission at the Ministry of Social ...

Newly-Appointed Director General of the state-owned Telecom Cambodia (TC) Kim Vikra vowed Monday to enhance the enterprise’s governance in order to improve business operations and revenues. “I am committed to working with all colleagues in order to lead the enterprise to progress,”he said at his official ...

The Prime Minister ordered 49 family’s houses to be rebuild [sic] at Keo Pus Village, in the Steung Hav District of Sihanoukville, after they had been demolished by authorities earlier this month. He also ordered Bin Chhin, Chairman of the National Authority for Land Dispute ...

Cambodia will sign to receive 33.9 million U.S. dollars in grant aid from Japan for three projects in small hydropower dams, healthcare and education, according to a news release from Cambodia’s foreign ministry on Monday. ...

Unions and labour rights groups have spent recent months unashamedly drilling home a stark reminder: Cambodia’s minimum garment wage, at $61 per month, compares poorly with those in Thailand – where workers earn more than $200 a month – and Vietnam, which has a base ...