News

Cambodia rubber drops 6 per cent

Cambodia’s rubber prices declined almost six per cent in the past two weeks, caused by concern over the European crisis with Greece, industry players and Cambodian officials said yesterday. Men Sopheak, deputy director general of Chop Rubber Plantation, a big rubber exporter in Cambodia, said the ...

http://www.phnompenhpost.com/index.php/2012051856229/Business/cambodia-rubber-drops-6-per-cent.html

Second can factory will cater to locals’ thirst

Crown Holdings, a metal packaging company, said this week it would build a second factory in Cambodia to keep up with the Kingdom’s growing beer industry. The Sihanoukville factory, which is expected to produce 725 million aluminium cans a year, will be begin operating in the ...

http://www.phnompenhpost.com/index.php/2012051856231/Business/second-can-factory-will-cater-to-locals-thirst.html

Appeal Begins in Cambodia-Related Fraud Case

An appeal hearing in South Korea involving the CEOs behind two major property projects in Cambodia involved in a massive fraud scandal is scheduled to begin today, an official at the court in Seoul said. In February, a Seoul court sentenced a raft of executives of ...

Strikers told they have it good

About 4,000 workers from two garment factories protested in Phnom Penh  yesterday for better working conditions – but bosses told them their 7.5 hour working days and free meals meant they had it pretty good. The workers from SL Garment Processing (Cambodia)’s SL1 and SL2 factories ...

http://www.phnompenhpost.com/index.php/2012051856237/National-news/strikers-told-they-have-it-good.html

Cambodian Rice Exports Fall Short of Government Hopes

Cambodia’s rice exports in 2012 may fall significantly compared to last year, due to high fuel prices, soaring logistics costs and high prices. According to local sources, Cambodian rice shipments to Europe this month are at a $200 markup per container over those from Thailand and ...

http://oryza.com/Rice-News/15163.html

Strategy for ventures: convince yourself

One of the two partners who have created Cambodia’s leading food and beverage company, with 22 outlets, says business is not merely about money, but more about finding a need and serving the need. Kouch Sokly says entrepreneurs need to find out what the market needs ...

http://www.phnompenhpost.com/index.php/2012051856228/Business/strategy-for-ventures-convince-yourself.html

Cambodia Home to Frenchman in Bo Xilai Drama

PHNOM PENH, Cambodia — Throughout the drama this spring revolving around the dismissal of the ambitious Chinese official Bo Xilai and the investigation of his wife as a murder suspect, the most mysterious figure has been a French architect named Patrick Henri Devillers. When Mr. Bo ...

http://www.nytimes.com/2012/05/17/world/asia/figure-in-chinas-political-drama-found-in-cambodia.html?_r=1

Kratie Demonstration Area Sealed as Police Arrest Leaders

Authorities in Kratie province have denied entry to journalists and rights workers to the site of violent land clashes that led to the death of a teenage girl on Wednesday. Rights workers say they fear for the safety of villagers in Broma village, but police say ...

http://www.voanews.com/khmer-english/news/Kratie-Demonstration-Area-Sealed-as-Police-Arrest-Leaders-151912105.html

Cambodian troops seal off village after land clashes

Security forces have sealed off a village in eastern Cambodia and denied entry to human rights workers after the fatal shooting of a teenager in the latest violent eviction aimed at clearing land for development. Soldiers said they needed to secure the area around Proma village, ...

http://www.guardian.co.uk/world/2012/may/17/cambodian-troops-land-clashes

Death points up urgency of ELC review

The government needs to act – and act now – to review all economic land concessions, which un­derscore the Kingdom’s dark disease of violent land disputes, rights groups said yesterday. Ten days after Prime Minister Hun Sen signed a regulation for an immediate and indefinite moratorium ...

http://www.phnompenhpost.com/index.php/2012051756223/National-news/death-points-up-urgency-of-elc-review.html

Slow outlook for 2012 rice exports

Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments. The cost of shipping rice to Europe climbed by more than 50 per cent between ...

http://www.phnompenhpost.com/index.php/2012051756213/Business/slow-outlook-for-2012-rice-exports.html

Rampant Smuggling Hurts Cigarette Industry

An increase in the amount of cigarettes smuggled into Cambodia has forced the country’s largest cigarette manufacturer to scale down production by nearly half, leaving local tobacco farmers with little choice than to sell their crop at a reduced price to Vietnam. According to Tola Ponlu, ...

Teenage Girl Shot Dead by Security Forces

Government security forces shot dead a teenage girl in Kratie province yesterday morning in a coordinated operation to arrest protesters locked in a long-running land dispute with a rubber company accused of stealing their land. The provincial governor said the joint forces opened fire to defend ...

Rising oil prices fueling inflation

Rising oil prices fuelled a month-to-month inflationary increase of 5.4 per cent through February and March, according to data from the National Institute of Statistics. Factors such as sanctions on Iranian oil, as well as floods that depleted Cambodian crops last year accounted for the rise ...

http://www.phnompenhpost.com/index.php/2012051756212/Business/rising-oil-prices-fuelling-inflation.html

Cedac to Export Rice to Germany Next Month

The Cambodian Center for Study and Development in Agriculture (Cedac) said yesterday it would begin exporting organic rice to Europe in June for the first time as part of a one-year agreement with a German-based equitable trade organization. “We’re looking to break more into the international ...

Charity Calls on UK Gov’t to Act for Cambodian Workers

A report by a U.K.-based charity has highlighted the low pay of Cambodian garment workers and called on the British government to intervene in disputes involving Southeast Asian factories supplying British retailers. Restricting Rights, a report published Tuesday by anti-poverty charity War on Want, looks at ...

Investors eye Meoun Chey border

Chinese, Korean and local investors have shown interest in Meoun Chey border crossing in Prey Veng province’s Komchay Mear district between Cambodia and Vietnam, provincial officials said yesterday. Komchay Mear district governor Prak Savann said the potential investors are looking for land in the area to ...

http://www.phnompenhpost.com/index.php/2012051756211/Business/investors-eye-meoun-chey-border.html

Men rescued from fishing boat slavery

Two Cambodians were repatriated yesterday after being rescued from a fishing vessel at a port in Senegal on Friday, thanks to collaborative intervention by the International Organization for Migration and Senegalese authorities. Toy Koeun, 29, from Pursat province, and Som Pich, 20, from Kampot province, said ...

http://www.phnompenhpost.com/index.php/2012051756219/National-news/men-rescued-from-fishing-boat-slavery.html

Agreement reached at Thai seafood factory

A conclusive settlement has been reached in the long-running dispute between a Thai seafood factory and its Cambodian employees, Cambodian ambassador to Thailand You Ay said yesterday. Rights groups and workers at the Phatthana Seafood factory in Thailand’s Songkhla province, which employs 1,050 Cambodians, have accused ...

http://www.phnompenhpost.com/index.php/2012051756221/National-news/agreement-reached-at-thai-seafood-factory.html

Thai Seafood Factory Receives Glowing Review

Thai police investigating allegations of myriad labor violations at a seafood factory employing hundreds of Cambodian migrant workers have given the facility a clean bill of health. A report last week by a Cambodian NGO, the Community Legal Education Center (CLEC), based on interviews with workers ...

Union leader brings backup

More than 20 union members and workers at a factory in Kandal province rallied around a union leader yesterday, fearing that he would be arrested after police called him in for questioning. Lor Sopheak, national secretary-general of the Khmer Workers Power Co-operation Union [KWPCU] and an ...

http://www.phnompenhpost.com/index.php/2012051756215/National-news/union-leader-brings-backup.html

US Packager to Open Plant in Sihanoukville

American packaging firm Crown Holdings Inc. announced Tuesday it would build a new can manufacturing plant in Sihanoukville that will become operational in the second half of 2013. Although it did not say how much the project was worth, the factory will produce 725 million 33 ...

Nan Sy told to sell his real estate

Fugitive former ambassador to Brunei Nan Sy had been ordered to sell his two properties to pay back funds embezzled from the Ministry of Foreign Affairs and International Co-operation, officials said yesterday. ...

http://www.phnompenhpost.com/index.php/2012051756216/National-news/nan-sy-told-to-sell-his-real-estate.html

Casino to open in Ratanakkiri this August

A new US$3.5 million casino will open in Ratanakkiri province, according to a representative of Try Pheap Import Export Company. “We’ll have a similar kind of casino to what they have in Bavet,” Bee Chivoan Dara said. Try Pheap Mittapheap Casino Entertainment Resort is built on more ...

http://www.phnompenhpost.com/index.php/2012051756210/Business/casino-to-open-in-ratanakkiri-this-august.html

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