News

Ha Tien Vegas Casino closes due to bankruptcy

Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...

http://thesoutheastasiaweekly.com/?p=5267

Some 1,686 workers faint in Cambodia in 2012: official report

Approximately 1,686 workers in garment and shoe factories got fainted last year due mainly to overwork, poor health, exposure to chemical substances, and hysteria, a Cambodian labor official said Wednesday. Pok Vanthath, vice-chief of the Labor Ministry’s vocational training department, said the mass fainting incidents had ...

http://news.xinhuanet.com/english/world/2013-01/02/c_132076705.htm

Coffee production in Mondulkiri province increases

Coffee production in Mondulkiri province in 2012 will be higher than in 2011, according to farmers and producers. Coffee farmer Bou Sopheap told the Post that he just finished the harvest in December. In 2012, his two-hectare plantation provided about four tonnes of coffee beans, compared to ...

http://www.phnompenhpost.com/2013010260581/Business/coffee-production-in-mondulkiri-province-increases.html

Factory worker wages to be re-examined

Amid threats of another mass strike in the thriving garment sector, the Ministry of Social Affairs has called a meeting with the industry’s leading players to discuss union demands for a $150-per-month minimum wage, a letter obtained yesterday reveals. At the behest of Prime Minister Hun ...

http://www.phnompenhpost.com/2013010260589/National/factory-worker-wages-to-be-re-examined.html

Thai envoy vows to deepen ties with Cambodia in all fields

Newly-designated Thai ambassador to Cambodia Touchayoot Pakdi pledged on Wednesday to strengthen and deepen bilateral ties and cooperation with Cambodia in all fields for both sides’ mutual benefits. Speaking at a meeting with Cambodian deputy Prime Minister and Foreign Minister Hor Namhong, the ambassador asserted that ...

http://news.xinhuanet.com/english/world/2013-01/02/c_132076641.htm

Ethnic Kreung Accuse Businessman of Threats

A group of ethnic Kreung families living in Ratanakkiri’s Lumphat district have accused a wealthy plantation owner of destroying their crops and threatening to evict them from their homes, local officials and villagers said yesterday. Soeun Sarath, a representative of 13 indigenous families living in Kaleng ...

http://www.cambodiadaily.com

CEOs see auto, ICT, finance sectors as top growth picks

Thai CEOs are confident that the country’s 2013 economic growth will be at least as good as last year’s level and that the automobile, information and communications technology, and financial sectors will be the star performers. The CEOs estimate that their companies’ profits this year ...

http://www.nationmultimedia.com/business/CEOs-see-auto-ICT-finance-sectors-as-top-growth-pi-30197083.html

City Orders Removal of a Dozen Newspaper Stands

Phnom Penh authorities have ordered 12 newspaper kiosks to leave a major road in the capital, saying they need them to relocate for 12 months for construction but giving them no other place to go. Owners of the kiosks, which are popular in the sale of ...

http://www.voacambodia.com/content/city-orders-removal-of-a-dozen-newspaper-stands/1575403.html

Vietnam investment in Cambodia hits US$2.5 bil

Vietnamese enterprises so far have invested in 124 projects in Cambodia with total registered capital of some US$2.5 billion, four times higher than the figure in 2009. As such, Vietnam is now among the top five investors in Cambodia, said the Association of Vietnamese Investors in ...

http://english.vietnamnet.vn/fms/business/55818/vietnam-investment-in-cambodia-hits-us-2-5-bil.html

Tourist arrivals top estimates

The number of tourists to arrive in Cambodia in 2012 was at least 200,000 higher than expectations, possibly reaching 3.5 million, officials said yesterday. Thong Khon, Minister of Tourism, told the Post yesterday that  in the first 11 months of 2012, Cambodia received 3.2 million tourists, ...

http://www.phnompenhpost.com/2013010160559/Business/tourist-arrivals-top-estimates.html

Garment worker protest builds over severance

More than 1,000 workers protested in front of the soon-to-be-closed Svay Rieng Cambodia Garment factory yesterday to demand better severance benefits, and nearly half of them then marched to the provincial hall to seek help from government officials, workers said yesterday. Worker representative Pang Tra said ...

http://www.phnompenhpost.com/2013010160550/National/garment-workers-protest-builds-over-severance.html

Tough times for telecom bosses in 2012

The year 2012 has seen a number of changes of personnel within different companies in Cambodia, particularly in the telecommunications sector, but also in the insurance and banking industry. According to In Channy, ACLEDA Bank’s CEO and vice chairman of the International Business Chamber Cambodia, the ...

http://www.phnompenhpost.com/2013010160558/Business/tough-times-for-telecom-bosses-in-12.html

Thai-Cambodia buses open a new era with new land connections on public transport

BANGKOK- First bus services between the two Kingdoms of Cambodia and Thailand had their debut on December 29, said the Transport Co., a Thai state enterprise under the Transport Ministry. The service includes the Bangkok-Siem Reap route, a 424-kilometre trip that takes about seven hours. ...

http://www.traveldailynews.asia/news/article/51288/thai-cambodia-buses-open-a-new

Cambodia battles to save rare Mekong dolphins

KRATIE (Cambodia): The sight of two dolphins twisting playfully in the murky waters of the Mekong river elicits barely-stifled squeals of delight from a boatload of eco-tourists. But a short distance upstream, river guard Pech Sokhan sighs as he holds up  two large, tangled gill nets ...

http://www.nst.com.my/latest/cambodia-battles-to-save-rare-mekong-dolphins-1.193943

Malaysian Maybank expands to outskirts

Malaysian-owned Maybank, one of the largest banks in Cambodia, opened its 12th national branch in Phnom Penh on Friday. The bank aims to reach emerging businesses in the city’s Special Economic Zone (PPSEZ) with the new office. ...

http://www.phnompenhpost.com

Students Refer Land Dispute to Hun Sen's Son

The chief of 120 students spearheading the government’s land-titling program in Pursat province has filed a report with Prime Minister Hun Sen’s second son, Hun Manith, to find a solution for villagers who say local officials in the area have confiscated their registration documents. ...

http://www.cambodiadaily.com

OSK Investment Bank and RHB Capital merge

OSK Investment Bank Berhad (OSKIB), the parent company of OSK Indochina Bank Limited (OSKIBL), has become a wholly owned subsidiary of the Malaysia-based financial services group RHB Capital Berhad (RHB Capital), effective from November 9. ...

http://www.phnompenhpost.com

Hun Sen says CPP will never tax farmland

Prime Minister Hun Sen has said the ruling Cambodian People’s Party (CPP) will never tax farmland. “It would burden our farmers,” he said in Takeo Sunday. “Although national revenue that comes from land taxes is spent on building roads, water systems, hospitals and  schools, we still ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTMzNzliODJmMGQ0OWIxOWEzZTU0MGJjYmQ3Nzg0

Thai-Cambodian Meeting Addressed Illegal Migrants

Foreign Minister Hor Namhong returned to Phnom Penh on Friday after attending a two-day meeting of the Cambodian-Thai Joint Committee in Bangkok, during which he discussed the issue of illegal migrant workers with his Thai counterpart, Surapong Tovichakchaikul. According to a joint statement issued by the ...

http://www.cambodiadaily.com

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