Economy and commerce
Italy steps up fight against Cambodian rice
Rice farmers in Italy plan to block four major grain exchanges in the country this week over what they say is the European Union’s failure to keep Italian rice competitive against that of cheaper Asian rivals including Cambodia, which is given duty-free access to European ...
George Styllis
http://www.cambodiadaily.com/business/italy-steps-up-fight-against-cambodian-rice-63945/
Arbitrator ready to hear cases
More than a year after it was established, the National Commercial Arbitration Centre (NCAC), Cambodia’s first third-party dispute resolution body, is finally ready to take on its first case. During its first annual assembly in Phnom Penh on Friday, the NCAC confirmed that it had finalised ...
Chan Muyhong
http://www.phnompenhpost.com/business/arbitrator-ready-hear-cases
Global brands linked to latest shamed garment factory
Italian sportswear brand Kappa and U.S.-based retail giant Walmart apparently source clothing from the latest addition to the International Labor Organization’s (ILO) list of low-compliance factories, according to a union leader at the factory who provided the branded tags from the clothing her members cut ...
Sun Heng and Holly Robertson
http://www.cambodiadaily.com/news/global-brands-linked-to-latest-shamed-garment-factory-63900/
Cambodia must to strengthen its agriculture
Cambodia has accelerated its agricultural growth dramatically over the last several years, but agricultural sector in this developing country still depends on its neighboring countries. What are the reasons behind this dependence? During these past years, many businessmen, both foreign and local, are investing a large ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NjBhMmRmZDM0Yjg
Four years on, arbitration center a step closer to taking cases
Nearly four years after it was established by the Commerce Ministry and one year on from its official launch, the National Commercial Arbitration Center (NCAC) held its first annual assembly Friday. The NCAC was set up in 2010 to provide businesses with an alternative to the ...
Ang Sothear and Holly Robertson
http://www.cambodiadaily.com/business/four-years-on-arbitration-center-a-step-closer-to-taking-cases-63898/
Smartphone sales slowing
After years of ever-brisker sales, the smartphone market may be plateauing. Cambodians spent more than $300 million on smartphones last year, a 38 per cent increase from 2012’s figure of about $220 million, according to data from Singapore-based research firm GfK. Some 907,000 smartphones were sold in ...
May Kunmakara and Daniel de Carteret
http://www.phnompenhpost.com/business/smartphone-sales-slowing
Factory wage rallies heat up
More than 1,000 workers held a demonstration in front of Ocean Garment factory in the capital yesterday, burning tyres and blocking the road in protest against the management’s refusal to abide by a ruling that workers be paid in full for a one-month closure. On May ...
Mom Kunthear
http://www.phnompenhpost.com/national/factory-wage-rallies-heat
Berjaya Food share rises after Cambodia unit formed
Berjaya Food Bhd’s share on Bursa Malaysia rose in early trade today following the announcement yesterday that it had incorporated a new subsidiary in Cambodia. As at 9.57am, the counter rose four sen or 2.45% to RM1.67, after opening at RM1.64, with 47,000 shares changing hands. ...
Free Malaysia Today News
http://www.freemalaysiatoday.com/category/business/2014/07/10/berjaya-food-share-rises-after-cambodia-unit-formed/
Ocean loses case: Bosses told to pay out lost wages
The Arbitration Council Foundation yesterday ruled that a Phnom Penh garment factory that announced it was closing for a month must pay employees 100 per cent of the wages they would have earned during that period. ...
Mom Kunthear
http://www.phnompenhpost.com/national/ocean-loses-case-bosses-told-pay-out-lost-wages
Passenger arrival at airports up by 10 pct
The number of passenger arrivals at the Kingdom’s airports rose to 1.37 million in the first six months of the year, up 10 per cent from 1.24 million visitors in the same period in 2013, according to figures from Cambodia Airports. The figures include both international ...
Hor Kimsay
http://phnompenhpost.com
Easy currency: Poverty and abuse in Cambodia's 'virginity trade'
Danet* is fourteen, and lives in a house built on wooden stilts, with no walls, and only tarpaulin for shelter. The ‘virginity trade’ is rampant in Cambodia, particularly in the capital, and is “a big problem”, says Tim Huon from Action Pour Les Enfants (APLE), ...
Agreement provides better access to Cambodia and the Philippines
Transport Minister Gerry Brownlee says Cabinet approval of two new air services agreements will make it easier for New Zealanders to travel and do business in Cambodia and the Philippines. The new agreement with Cambodia places no limits on flights and routes operated by airlines ...
Voxy News Staff
http://www.voxy.co.nz/politics/agreement-provides-better-access-cambodia-and-philippines/5/195776
New Zealand opens door to more flights to Philippines, Cambodia
The number of flights between New Zealand and Southeast Asia is set to grow with the approval of new air services agreements with the Philippines and Cambodia, Transport Minister Gerry Brownlee said Wednesday. “These agreements help provide New Zealanders with better access to Southeast Asia, providing ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=228794
Maybank Cambodia opens 17th branch
Maybank Cambodia Plc has launched its 17th branch at Ta Khmao, Kandal Province to expand its footprint across the nation and to provide the community with convenient access of banking services. ...
The Star Online News Staff
http://www.thestar.com.my/Business/Business-News/2014/07/09/MAYBANK-CAMBODIA-OPENS-17TH-BRANCH-IN-CAMBODIA/
Raid on house finds 84 workers
Before dawn yesterday, Thai military officials raided a house not far from the border, finding dozens of undocumented Cambodian workers crammed into a room awaiting transportation deeper into the country. The 84 workers were woken, taken into military custody and deported, but the brokers who had ...
Cheang Sokha and Laignee Barron
http://www.phnompenhpost.com/national/raid-house-finds-84-workers
Activist takes KDC buyout
A community representative who has played an active role in the long-running land dispute between residents of Kampong Chhnang province’s Lorpeang village and a politically connected company has agreed to back down after accepting compensation. In a deal reached with KDC Company on Monday, Reach Seyma ...
May Titthara
http://www.phnompenhpost.com/national/activist-takes-kdc-buyout
PPWSA profit for Q1 down 60 pct over previous year
Phnom Penh Water Supply Authority (PPWSA) – the first listed company on the Cambodian stock exchange – has recorded a profit of $1.33 million for the first quarter, a decrease of 60 per cent from the same period last year, according to audited financial statements ...
Hor Kimsay
http://www.phnompenhpost.com/business/ppwsa-profit-q1-down-60-pct-over-previous-year
Italy millers slam ‘unfair’ EBA
Cambodia duty-free rice exports to the European Union have this week come under fresh attack from producers in Italy, who say the beneficial treatment is restricting the potential of Italian rice exports. An Italian agriculture collective of farmers, which includes representatives from the Italian Association of ...
Daniel de Carteret
http://www.phnompenhpost.com/business/italy-millers-slam-%E2%80%98unfair%E2%80%99-eba
Strike divides Cintri workers
While Phnom Penh’s garbage truck drivers returned to work yesterday following a brief strike, piles of refuse continued to mount in parts of the city, as trash collectors who had joined the drivers’ cause were continuing the strike alone as of 7pm. On Monday, drivers of ...
Pech Sotheary and Alice Cuddy
http://www.phnompenhpost.com/national/strike-divides-cintri-workers
Cambodia exports 177,928 tons of rice in January-June, 2014; up 1% from last year
Cambodia exported about 177,928 tons of rice in first half of calendar year 2014, up about 1% from about 175,959 tons rice exported in the same period last year, according to data from the Secretariat of One Window Service of Rice Export Formality (SOWS-REF). ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-exports-177928-tons-rice-january-june-2014-1-last-year
Lotteria opens first store in Cambodia
South Korean fast food restaurant Lotteria opened its first outlet in Phnom Penh on June 30. Situated inside the Aeon Mall, the restaurant is focusing on chicken and beef dishes, reflecting Cambodian tastes, including a general avoidance of pork. ...
The Korea Herald News Staff
http://www.koreaherald.com/view.php?ud=20140708001136
EU ban on Cambodian fish remains in place
More than one year after its fish products were banned from Europe, the industry and government has done little to ensure it will be lifted. The ban, instituted in early 2013, has hurt potential fish exports to a potentially lucrative trade partner. But EU officials say Cambodia ...
Suy Heimkhemra
http://www.voacambodia.com/content/eu-ban-on-cambodian-fish-remains-in-place/1952962.html
Wealthy residents protest lake reclamation
About 30 residents of a planned community on the eastern outskirts of Phnom Penh gathered around the picturesque lake that forms the center of their neighborhood Monday to prevent its developer, a former opposition lawmaker, from reclaiming the land to construct condos. The residents, many of ...
Khuon Narim and Alex Willemyns
http://www.cambodiadaily.com/news/wealthy-residents-protest-lake-reclamation-63474/
Cintri drivers strike for second time this year
Phnom Penh’s trash collectors have again gone on strike over salaries and conditions in a move that could see them stop clearing the city’s streets of garbage for an extended period for the second time this year. About 100 employees of the waste disposal firm Cintri ...
Ben Sokhean and Holly Robertson
http://www.cambodiadaily.com/news/cintri-drivers-strike-for-second-time-this-year-63462/