Economy and commerce
Chroy Changva locals threaten ocic pipeline
District security guards were deployed to Chroy Changva peninsula Tuesday to intercept villagers who were ready to smash a pipe that has been pumping sand onto their land for the past year. The roughly 40 families occupy the northeastern corner of a 387-hectare swathe of wetlands ...
Sek Odom and Matt Blomberg
http://www.cambodiadaily.com/news/chroy-changva-locals-threaten-ocic-pipeline-62950/
Delay Sesan dam: villagers
Villagers who will be displaced if the controversial Lower Sesan II dam is built called on the developers yesterday to postpone construction for five years, allowing time for a comprehensive resettlement scheme to be devised. But a government official dismissed their request as “beyond the pale”, ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/delay-sesan-dam-villagers
Plans Underway for Overpass, Extension of Riverside
City Hall met with urban planning experts and officials from relevant ministries Tuedsay to discuss building a new overpass on Russian Boulevard, near the Institute of Technology, and extending the existing paved walkway along Phnom Penh’s riverside to Koh Pich bridge, according to Chrean Sophann, ...
Ouch Sony
http://www.cambodiadaily.com/news/plans-underway-for-overpass-extension-of-riverside-62946/
Acacia chip exports to receive tax break: PM
The tax imposed on the export of acacia chips is to be abolished to help boost exports of the locally grown raw product, Prime Minister Hun Sen announced on Monday. Speaking at the grand opening of Aeon Mall, Hun Sen said that acacia chips exported to ...
Chan Muyhong
http://www.phnompenhpost.com/business/acacia-chip-exports-receive-tax-break-pm
Cyclo drivers struggle as demand dwindles
When Men Chan started out as a cyclo driver in Phnom Penh in 1966, his services were in demand and his salary was modest but adequate. Now—like most of his colleagues across the city—the 71-year-old is struggling to make ends meet as his income stagnates and ...
Kang Sothear and Holly Robertson
http://www.cambodiadaily.com/news/cyclo-drivers-struggle-as-demand-dwindles-62948/
Workers win seniority pay
A six-month standoff that eventually halted a box factory’s production ended on Friday, when managers of the factory in the capital’s Por Sen Chey district paid seniority bonuses to almost 150 former employees. Harta Packaging Industries paid bonuses of between $500 and $4,000 to a total ...
Mom Kunthear
http://www.phnompenhpost.com/national/workers-win-seniority-pay
Angkor Gold confirms $10m partnership deal
Cambodian firm Angkor Gold Corp (ANK) on Thursday finalised a partnership agreement with Hong Kong firm Tohui Beishan Property Group Holding Limited (TG) worth more than $10.4 million. According to a company statement issued on the Toronto Stock Exchange, ANK granted the Hong Kong firm 7.9 ...
Eddie Morton
http://www.phnompenhpost.com/business/angkor-gold-confirms-10m-partnership-deal
Local IT firm eyes off-shore expansion
Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...
Chan Muyhong
http://www.phnompenhpost.com/business/local-it-firm-eyes-shore-expansion
City Hall in talks over underground market
Phnom Penh officials met on Thursday with representatives from a Thai company proposing to build an underground parking lot and market adjacent to Daun Penh district’s Phsar Chas. Deputy municipal governor Chreang Sophann said the proposal by the company, Trade International, was under consideration. ...
Ouch Sony
http://www.cambodiadaily.com/news/city-hall-in-talks-over-underground-market-62746/
Japanese FM arrives in Cambodia, 143 mln USD aid deals to be signed
Japanese Foreign Minister Fumio Kishida arrived in Phnom Penh, the capital of Cambodia, on Sunday evening for a three-day official visit and will sign to provide more than 143 million U.S. dollars to Cambodia. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140629/japanese-fm-arrives-cambodia-143-mln-usd-aid-deals-be-signed
Fishers report rampant corruption, major depletion of fisheries
Representatives of fishing communities say illegal operations are critically threatening the nation’s fisheries. Corruption and collusion between authorities and illegal fishermen are at the root of the problem, they say. More than 100 representatives from these communities met in Phnom Penh Friday, in an effort to find ...
Khoun Theara
http://www.voacambodia.com/content/fishers-report-rampant-corruption-major-depletion-of-fisheries/1946303.html
Japanese chain to open hotel in 2015
Budget business hotel group Toyoko Inn hope to draw East Asian businesspeople and travellers to Phnom Penh The Toyoko Inn, which is a joint venture between the Overseas Cambodia Investment Corporation (OCIC) and a Japanese budget, business hotel chain, is slated to open in May 2015. ...
Siv Meng
http://www.phnompenhpost.com/post-weekend/japanese-chain-open-hotel-2015
US firm to build border market in Takeo
Realco Cambodia Ltd., a U.S.-owned company, plans to invest $7 million to build a market at the Phnom Din checkpoint on the border with Vietnam in Takeo province’s Kirivong district, a senior official at the Takeo, Kampot and Kep Provincial Chamber of Commerce said Friday. Realco ...
Kang Sothear
http://www.cambodiadaily.com/business/us-firm-to-build-border-market-in-takeo-62693/
Melco’s unit disposes of Cambodia assets
Nasdaq-listed Entertainment Gaming Asia Inc, a company linked to Macau casino operator Melco Crown Entertainment Ltd, is selling its assets in Cambodia. The sale includes all assets of Dreamworld Leisure with the exception of all electronic gaming machines, and prohibits any use of the Dreamworld ...
GGRAsia News Staff
http://www.ggrasia.com/melcos-unit-disposes-of-cambodia-assets/
Factory reopens amid strike
A packaging factory is back in business, opening its doors after about 200 former employees stopped blocking shipments, which they had been doing since Saturday. Factory management at Harta Packaging Industries acquiesced to a negotiation session with the group, which has been protesting against the company ...
Mom Kunthear
http://www.phnompenhpost.com/national/factory-reopens-amid-strike
Locals still off-limits, PM cautions casinos
As Cambodian migrant workers return in droves from Thailand through the casino-laden border town of Poipet, Prime Minister Hun Sen is warning gambling parlour owners this does not mean a jackpot for them. “Casinos in Phnom Penh and along the border are not for Khmer citizens,” ...
Meas Sokchea
http://www.phnompenhpost.com/national/locals-still-limits-pm-cautions-casinos
7 of Cambodia's best islands
They’re still massively undeveloped compared to their Thai neighbors, but Cambodia’s islands are starting to get the attention they deserve. Whether you’re looking for an all-night party or an underwater adventure among pristine coral reefs, Cambodia’s got an island for all types and all budgets. Not ...
Lina Goldberg
http://edition.cnn.com/2014/06/27/travel/cambodia-best-islands/
Ministry sets official Tuol Sleng ticket price
Although foreigners have long paid a fee to enter Phnom Penh’s Tuol Sleng Genocide Museum, the Ministry of Culture and Fine Arts has announced that the days of apparently free entry to the notorious Khmer Rouge prison are finished and the charge will now be ...
Kuch Naren
http://www.cambodiadaily.com/news/ministry-sets-official-tuol-sleng-ticket-price-62599/
Vendors with a licence to forge
On the side of a well-trafficked street in Phnom Penh’s Daun Penh district, a man with a razor blade bends over a small rectangle of sheet metal overlaid with a vinyl stencil. As letters and numbers are lifted away, the plate begins to take on a ...
Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/vendors-licence-forge
CBRE: Cambodia’s bright future
CBRE Cambodia’s latest MarketView report sees strong growth in tourist arrivals resulting in growth in hotel occupancy rates and durations of stay. Quoting Ministry of Tourism statistics, CBRE said Cambodian tourism sector continued to enjoy steady growth over the course of 2013, with the number of ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cbre-cambodias-bright-future/
Ocean Garment to stay shuttered until July 9
A garment factory will prolong its monthlong closure until at least July 9, when the Arbitration Council Foundation rules on a case brought by its workers. ...
Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/ocean-garment-stay-shuttered-until-july-9
Ten commandments: Gov’t lays out food standards
Makers of food- and beverage-related products are for the first time facing mandatory health regulations, with the unveiling of 10 national standards by the Ministry of Industry and Handicraft. The announcement comes after the National Standard Council, a government-run committee, finally approved the standards in May ...
Chan Muyhong
http://www.phnompenhpost.com/business/ten-commandments-gov%E2%80%99t-lays-out-food-standards
Cambodia reports 1.14 bln USD trade deficit in 1st five months
Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226339
Cambodia fears tough competition for long-grain rice exports from India
Cambodia rice exporters are fearing that the Indian government’s decision to release 5 million tons of rice in the open market to control price hikes may have a spill over effect on global rice exports, according to local sources. ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-fears-tough-competition-long-grain-rice-exports-india