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 ...
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, ...
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 ...
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 ...
Cambodia’s salt output down 15% this season
Climate change was named as the reason for Cambodian salt production this year declining about 15 per cent, experts said yesterday. ...
Rann Reuy
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-salt-output-down-15-season
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 ...
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 ...
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 ...
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. ...
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 ...
Documents revealed in massive fraud case
The documents concern a court case brought by representatives of Hong Kong-based Enviro Group Holdings Limited who are suing John Davies and Lim Lian Tho – both former company directors of Phnom Penh based subsidiary Enviro Corporation (Cambodia) Ltd – and Mark McCluskey, a lawyer ...
Bank Says No Railway Evictee To Be Left Behind
The Asian Development Bank announced yesterday that the organizations behind the rehabilitation of Cambodia’s railways, including the government and the Australian development agency, have jointly pledged to address the complaints of people facing eviction from dwellings across the rail lines. The Australian government provided ...
Online launch voice
Internet Service provider Online is aiming to compete in the voice call market with its latest product, TalkMobile, a Skype-like application for handsets. Customers are not required to connect via Online to use the application and may connect through rival ISPs and mobile companies. ...
http://www.phnompenhpost.com/index.php/2011070450152/Business/online-launch-voice.html
Cambodia to Cooperate with Korean Prosecutors
Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...