News

Activists Blame Short Contracts for Strikes

Labor activists at the bi-annual Buyers Forum in Phnom Penh on Thursday said that short-term contracts in Cambodia’s garment industry were fueling the high number of strikes affecting the industry. “Most of [the disputes] are over dismissals or dismissals of union leaders and the reason why ...

Dene-Hern Chen
http://www.cambodiadaily.com/business/activists-blame-short-contracts-for-strikes-41832/

New Battambang Passport Office Caters to Migrant Workers

The government announced Monday that it will open a new passport office in the northwest province of Battambang, the first such office outside Phnom Penh. In a statement, posted to the Ministry of Interior website, the ministry said that the new passport office will serve people ...

http://www.cambodiadaily.com/news/new-battambang-passport-office-caters-to-migrant-workers-28788/

VimpelCom may sell units in Africa and Asia

Russian giant pulling back to core markets to achieve more rational structure and raise funds for investment Russia’s VimpelCom is considering selling many of its subsidiaries in Africa and Asia to focus on more “mature” markets, according to reports. The Financial Times newspaper says that the operator ...

http://www.rethink-wireless.com/2012/10/30/vimpelcom-sell-units-africa-asia.htm

KBank sees potential for bancassurance in Laos, Cambodia

Kasikornbank aims to expand its bancassurance business into neighbouring countries after finding that customers in Laos and Cambodia incur higher medical expenses. Pakorn Partanapat, executive vice president, said that the bank has prepared business plans to cope with the Asean Economic Community (AEC), and bancassurance is ...

http://www.nationmultimedia.com/business/KBank-sees-potential-for-bancassurance-in-Laos-Cam-30191178.html

Neglecting to conduct good market research is hurting SMEs in Cambodia

A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...

http://www.etmcambodia.com/blog.php?article=486

Iran invites Cambodian PM to attend Non-Aligned Movement Conference in Tehran

The Islamic Republic of Iran on Wednesday invited Cambodian Prime Minister Hun Sen to attend the Non-Aligned Movement (NAM) Conference to be held in Tehran in late September, according to officials. Meanwhile, [Hun Sen], on the bilateral ties, asked Iran to expand relations and cooperation with ...

http://www.globaltimes.cn/content/717496.shtml

Illegal Fishing, Molotov Cocktails, A Daring Escape

The State Department on Tuesday cited abuses in Thailand’s huge fishing industry as part of an annual worldwide report on Trafficking in Persons. The report noted that men from Cambodia and Myanmar, also known as Burma, are trafficked aboard Thai ships and forced to work ...

http://www.npr.org/2012/06/20/155048186/illegal-fishing-molotov-cocktails-a-daring-escape

Cambodian beer production and consumption on the rise

Inside a mini-mart near Phnom Penh’s Olympic stadium, the shelves holding the beer for sale have a more Cambodian feel to them these days. While imported brand like Thailand’s Singha and Japan’s Asahi, used to take up valuable retail real estate, now homegrown brands like Angkor ...

http://www.etmcambodia.com/blog.php?article=463

International interest in Cambodian sugar

Sweet news for Cambodian palm-sugar farmers: 10 international companies are keen to import their produce, one of the Kingdom’s signature products. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said that after an exhibition in South Korea earlier this month, several international importers ...

http://www.phnompenhpost.com/index.php/2012052356317/Business/international-interest-in-cambodian-sugar.html

Levi's, Gap garment workers on strike in Cambodia

Workers at a large Cambodian garment factory that makes clothes for Levi’s, Gap and other well-known international brands are striking for more pay and better working conditions. More than 5,000 workers from the Singaporean-owned SL Garment Processing (Cambodia) Ltd. failed to reach an agreement with their ...

http://www.businessweek.com/ap/2012-05/D9UTQ5M80.htm

Construction Woes Plague Railway Project

The rehabilitation of Cambodia’s dilapidated railway network has encountered delays due to poor construction work and inappropriate surveying methods when making plans to lay down tracks, according to a draft review of the ongoing $140 million project conducted by the Asian Development Bank (ADB) and ...

Cambodia prepares for G20

If it were a Group of 180 nations meeting, Cambodia would be invited. But the Kingdom’s chances of attending the so-called G20 summit, which brings together the world’s largest economies, are unlikely, says Mey Kalyan, a government adviser who last week became the first Cambodian to ...

http://www.phnompenhpost.com/index.php/2012051456136/Business/cambodia-prepares-for-g20.html

Koh Kong Court Summons Journalists in Shooting Case

Two journalists from the Cambodia Daily newspaper have been called to appear in the shooting case of activist Chut Wutty last month. Chut Wutty had been escorting the two journalists, Cambodian Phorn Bopha and Canadian Olesia Plokhii, to investigate illegal logging ...

http://www.voanews.com/khmer-english/news/Koh-Kong-Court-Summons-Journalists-in-Shooting-Case-150628035.html

Cambodian Stock Exchange Set to Launch

The Cambodian Stock Exchange(CSX) has prepared its initial public offerings in a symbolic launch, though no public trading was offered. Finance Minister Keat Chhon and his South Korean partners hold a 49 percent stake in exchange. Two state-owned companies will go public including: the Phnom ...

BDO expands Cambodia operations

The former country partner and staff of Grant Thornton Law and associates in Cambodia have joined the accountancy and advisory firm BDO Malaysia effective July 1, according to a statement. BDO is one of three accounting firms licensed by the Securities and Exchange Commission ...

http://www.phnompenhpost.com/index.php/2011070550176/Business/bdo-expands-cambodia-operations.html

Overloaded vehicles at issue

Overloaded vehicles are contributing to a more rapid than anticipated deterioriation of Cambodia’s road network, experts said yesterday The ADB has funded an axle-load control programme as part of a US$1 million technical package to support government rehabilitation of about 150 kilometers of the Kingdom’s roads. ...

http://www.phnompenhpost.com/index.php/2011070550177/Business/overloaded-vehicles-at-issue.html

June Textile Reps Solicit Aid from UN Labor Org

Representatives of the former employees of the June Textile Factory in Phnom Penh on Friday wrote to the International Labor Organization asking for help after they claimed the factory failed to make severance payments won by an Arbitration Council decision two weeks ago. Mr ...

GMAC head sets clothing export goal

Cambodia is set for a 30 per cent increase in garment exports this year, according to Garment Manufacturers Association in Cambodia [GMAC] President Van Sou Ieng. The sector was heavily dependent on foreign buyers, which were increasing their orders as the global economy recovered, he said. ...

http://www.phnompenhpost.com/index.php/2011070550174/Business/garment-gains-gmac-head-sets-clothing-export-goal.html

Boeng Kak Residents Ask US Embassy For Help

About 200 Boeung Kak residents gathered in front of the US Embassy in Phnom Penh yesterday, seeking help from US Ambassador Carol Rodley in lobbying to have their housing requirements fulfilled. Arrriving at the embassy yesterday at 7:30 am, villager were told by a guard that ...

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