News
Singaporean law firm expands to Cambodia
Rajah & Tann, Southeast Asia’s largest law firm, has expanded to Cambodia through a tie-up with local law firm Sok & Heng, which has taken on a new name, RT Sok & Heng Law Office. Rajah & Tann’s deputy managing partner, Patrick Ang, estimates that there ...
http://www.phnompenhpost.com/2013020561178/Business/singaporean-law-firm-expands-to-cambodia.html
Companies to face court for illegal logging, land clearing
In what’s believed to be an unprecedented move, the Ratanakkiri Provincial Court has ordered two companies holding economic land concessions to face court questioning on accusations of illegal logging and land clearing. Deputy prosecutor Ros Saram said he summonsed Vietnamese-owned Company 72 last week and will ...
Cassava production dropped in 2012
The area of cassava under cultivation fell by 11.5 per cent across the country this season, while the price of cassava chips remained the same as last season’s price. Officials blamed an unstable price during the previous season (from April to April) for the drop. According ...
http://www.phnompenhpost.com/2013020561173/Business/cassava-production-dropped-in-2012.html
$4m restaurant reflects growing Chinese presence in Cambodia
Old Place Seafood, a Chinese restaurant that cost $4 million, has opened in Phnom Penh. A representative of the restaurant, which is opposite the Chinese embassy, said the growing number of Chinese people in the Kingdom had justified such an investment. Luu Meng, president of the ...
Villagers Claim Injustice in Land-titling Project
More than 200 villagers living on an economic land concession on Pursat province say they were unfairly left out of Prime Minister Hun Sen’s nationwide land-measuring program after local authorities on Saturday printed the names of families eligible for land titles. Chhuon Khurn, chief of Phteah ...
Company Building Lower Sesan 2 Dam Gets OK to Clear Land
Representatives of a massive hydropower dam project in Stung Treng province’s Sesan district approached local authorities late last month informing them that the government had granted the company permission to clear 36,000 hectares of land for a reservoir, officials said on Sunday. The 400-megawatt Lower Sesan ...
http://www.cambodiadaily.com/news/company-building-lower-sesan-2-dam-gets-ok-to-clear-land-9252/
India to supply HR development assistance
Cambodia has asked India to provide more assistance in the development of human resources to promote economic growth and enhance bilateral co-operation. Deputy Prime Minister Sok An made the request during a meeting with Indian human resource development minister Mangapati Pallam Raju in Phnom Penh on ...
http://www.phnompenhpost.com/2013020561182/Business/india-to-supply-hr-development-assistance.html
Australia Courted for Further Railway Funding
The government has asked Australia to provide more funding to help complete the rehabilitation of the dilapidated railway line between Phnom Penh and the Thai border, a spokesman said yesterday. Foreign Affairs Minister Hor Namhong met with Lieutenant General John Sanderson, former chief of the Australian ...
http://www.cambodiadaily.com/business/australia-courted-for-further-railway-funding-9422/
Japan's businessmen visit Myanmar, Cambodia for investment opportunities
A delegation comprised of Japan’s top business leaders, known as Keidanren, began a six-day trip to Myanmar and Cambodia Monday, seeking new business and investment opportunities there. Hiromasa Yonekura, chairman of the Japan Business Federation, is leading the delegation and said he hopes that meetings with ...
http://news.xinhuanet.com/english/business/2013-02/04/c_132150013.htm
Garment factory welcomes back striking workers
Revoking its decision to sack the vast majority of its work force for a prolonged strike, the Winson International garment factory agreed to allow the 868 workers back to work following negotiations late last month, worker representatives said yesterday. After mediation by officials from the Ministry ...
Loans and deposits climb
Loans and deposits at Cambodia’s 32 micro-finance institutions and four NGOs, as well as small loans from Acleda Bank, rose sharply last year compared with a year earlier. Industry players say this is a result of the Kingdom’s rapid economic improvement and political stability. Official data from ...
http://www.phnompenhpost.com/2013020461166/Business/loans-and-deposits-climb.html
Hong Kong bans eggs from Cambodia
Hong Kong has banned egg imports from Cambodia due to the country’s recent avian influenza outbreak, which claimed four lives last month. “Hong Kong does not import live poultry or poultry meat from Cambodia, but 170,000 poultry eggs were imported from there last year,” the ...
http://www.phnompenhpost.com/2013020561181/National/hong-kong-bans-eggs-from-cambodia.html
Siem Reap International Airport records 340,000 passengers in January, South Korea stands first row
PHNOM PENH: the Siem reap international airport announced today that it gained 340,000 passengers for January and the South Korean passengers stand first class. “This is first time in its history, [sic] the statement said. It adds: barely a month after crossing the 2-millionth passenger milestone, ...
Cambodia to boast its first tractor factory
Cambodia will soon boast its first tractor assembly plant, with operations expected to begin by the third quarter of this year. The one-hectare plant, in Phnom Penh’s Por Sen Chey district, is a joint venture by Belarus-based Minsk Tractor Works, one of the world’s biggest tractor producers, ...
http://www.phnompenhpost.com/2013020461165/Business/cambodia-to-boast-its-first-tractor-factory.html
Few benefits for Cambodia from Thai rice policy
Against the backdrop of the ongoing Thai government’s rice-pledging policy, Thai rice exports are expected to further decline this year. While it may provide opportunities for Cambodia, the country has not yet benefitted much from the policy, industry experts said. “I think the Thai rice scheme ...
King Father Mementos a Big Business for City's Vendors
Portraits of the late King Father Norodm Sihanouk covered the floor and dozens of coin-sized badges emblazoned with his image were scattered on the sidewalk in front of the Singha Mean printing house yesterday. Kuo Ransiky, the 41-year-old owner of the printshop on Phnom Penh’s street ...
Pilot scheme plans to send maids to Singapore
Four hundred Cambodian women could be sent to Singapore as soon as the middle of this year to work as maids under a pilot scheme by the governments of Cambodia and Singapore. The Post has obtained an internal circular the Singapore Ministry of Manpower sent to ...
http://www.phnompenhpost.com/2013020461152/National/maids-heading-to-singapore.html
New Year to boost plant sales in Phnom Penh
Sales of plants and flowers will reach a high during the Lunar New Year celebrations in Phnom Penh, which start on Sunday, as more customers than ever before buy floral decorations for their houses, flower shop owners in Phnom Penh predicted. “During the weekend many people ...
http://www.phnompenhpost.com/2013020461162/Business/new-year-to-boost-plant-sales-in-phnom-penh.html
Finance Ministry To Tackle Graft With ‘Rewards’
Finance Minister Keat Chhon announced a new plan on Thursday to cut down on rampant state corruption by dispersing three-quarters of non-tax revenue to ministries and their employees as financial “rewards.” With Anti-Corruption Unit chief Om Yentieng by his side, Mr. Chhon laid out the bare ...
http://www.cambodiadaily.com/news/finance-ministry-to-tackle-graft-with-rewards-8993/
Pirated computer software cost Cambodia $50m
Pirated computer software accounted for about $50 million in losses to the Cambodian economy every year, an industry expert said yesterday. According to Pily Wong, president of the ICT Business Association, about 95 per cent of the computer software used in Cambodia is counterfeit, crippling the ...
Policy aims to boost science and technology
A national policy on science, technology and innovation is being drafted to boost Cambodia’s development in the competitive field, as the Kingdom endeavours to catch up with its regional neighbours and internationally. Officials met for the first-ever consultation workshop yesterday to draft a national policy document ...
http://www.phnompenhpost.com/2013020161115/Business/policy-aims-to-boost-science-and-technology.html
Faintings in Cambodian ‘model’ factories raise concern
A lobby group says three separate mass fainting incidents this week that took place at two Cambodian garment factories “speaks volumes” about the issue, because both workplaces have relatively good reputations for worker’s rights. More than 140 workers fainted on Wednesday and Thursday at Kandal’s QMI ...
Unionists cry foul over rejection
K-Cement workers who were told they could not form a company-wide union because their workplaces were “separate” entities have now had their application to register individual unions rejected by the Ministry of Labour, union leaders said yesterday. Sok Kin, vice president of the Building and Woodworkers ...
http://www.phnompenhpost.com/2013020161139/National/unionists-cry-foul-over-rejection.html
Two Banong Groups to Get Communal Titles
Two ethnic Banong communities in Mondolkiri province’s Keo Seima district have completed the final stage in the process to receive rare collective property titles, and are set to receive ownership documents early next month, an official at the Canadian International Development Agency (CIDA) said. Kan Vibol, ...