News

Global financial crisis threatens progress of least developed countries - UN report

The ongoing financial crisis and weak global economic growth have hampered development in the world’s poorest nations, a U.N. report has warned, adding that half of the world’s least developed countries now risked missing their development goals. The Enabling the Graduation of LDCs report, produced ...

http://app.com.pk/en_/index.php?option=com_content&task=view&id=209427&Itemid=2

Tai Yang garment strikers sacked

Garment employees who have refused to return to work after striking for three weeks no longer have jobs at Tai Yang Enterprise, which supplies Levi’s and Gap, management said yesterday. Tired of strikes the company claims are costing it US$10,000 per day, administrative manager Ou Meng ...

http://www.phnompenhpost.com/index.php/2012071657439/National-news/tai-yang-strikers-sacked.html

Officials named after blocking volunteers

Authorities in Stung Treng province have released the names of five government officials whom they arrested on Tuesday in Samki commune for interfering with a corps of youth volunteers sent to measure land as part of the prime minister’s national initiative to grant property to ...

http://www.phnompenhpost.com/index.php/2012071357397/National-news/officials-named-after-blocking-volunteers.html

Recruitment Agency Director Charged With Fraud

The Siem Reap Provincial Court charged the director of a recruitment agency with fraud for allegedly taking money from victims in exchange for promising jobs in the U.S., a court official said yesterday. “Bich Bunara, head of the recruitment agency, was charged with fraud and another ...

Police Detain Recruitment Agency Chief for Suspected Fraud

The director of a recruitment agency in Siem Reap will face fraud charges today at the provincial court for allegedly taking money from victims in exchange for promised jobs in the U.S., police said yesterday. Hong Bunhav, chief of research and investigations section of the Siem ...

As Cambodia Courts US Business, Old Problems Remain

As a delegation of US business owners prepares to travel to Cambodia with US Secretary of State Hillary Clinton, analysts say they will be tough to court, given Cambodia’s lack of law enforcement. “Investors don’t bring guns, they don’t bring bodyguards—they bring money to invest,” said ...

http://www.voanews.com/khmer-english/news/As-Cambodia-Courts-US-Business-Old-Problems-Remain-161487205.html

Tourism for fourth months of 2012

Report from tourism ministry said: in 2011, it gained 2.8 million tourist arrivals and harvested for 1.9 billion US dollars. For fourth months of 2012, we received over 1, 272,514 foreign tourists, an increase of over 27 percent if comparing the same period of last year. Tourism industry offered direct jobs of 350,000. Ministry urged to ...

http://thesoutheastasiaweekly.com/

Returning maids, fishermen share familiar tales of abuse

Eight Cambodian fishermen and four Cambodian maids were repatriated from Malaysia on Friday after finding themselves forced to work in slavery-like conditions, despite being promised high-paying jobs there by brokers and recruitment firms. ...

http://www.phnompenhpost.com/index.php/2012061156720/National-news/returning-maids-fishermen-share-familiar-tales-of-abuse.html

Advanced Bank of Asia loans MFI $2m

The Advanced Bank of Asia (ABA) last week loaned PRASAC Microfinance Institution US$2 million to support the rapid growth of the microfinance loan industry. The domestic loan was chosen to “diversify our funding sources” because of a large reliance on overseas capital which moves many of the jobs created ...

http://www.phnompenhpost.com/index.php/2012052956446/Business/advanced-bank-of-asia-loans-mfi-2m.html

Mu Sochua decries intimidation tactics

Opposition Sam Rainsy Party lawmaker Mu Sochua yesterday condemned the “system” that has left civil-servant husbands of Boeung Kak lake protesters believing they must decide between their marriages and their jobs. Activists Tep Vanny and Tol Srey Pov told the Post last week that their husbands, ...

http://www.phnompenhpost.com/index.php/2012051556167/National-news/mu-sochua-decries-citys-arm-twisting.html

Tourism Industry's Growth Offers Job Creation For Local Labor Force

PHNOM PENH: Cambodia is trying to boost the tourism industry after its contribution to economic growth and offering job creation as ASEAN economic integration 2015 is moving and the free flow of workforce mobilization has been needed to help ensure steady growth. Cambodia’s tourism sector, in 2011, offered 350,000 direct jobs and millions of ...

http://thesoutheastasiaweekly.com/

Railway evictees seek ADB aid

Families forced to move by the rehabilitation of the Phnom Penh stretch of the national railway petitioned the Asian Development Bank yesterday for help with their livelihoods. About 50 people gathered outside the ADB’s office to submit a petition representing more than 160 families relocated to ...

http://www.phnompenhpost.com/index.php/2012040355398/National-news/railway-evictees-seek-adb-aid.html

National Census Identifies Half-Million Businesses

Cambodia has a total of 505,134 businesses supported by a workforce of 1,676,263, just 11.56 percent of the total population, according to a nationwide economic census released yesterday by the Ministry of Planning. Of the total number of people employed in the country, 1,026,084, or 61.2 ...

Hul Reaksmey and Philip Heijmans, P.1

Official says faintings a ‘scar’ on image of nation’s factories

A 10 per cent rise in the number of garment and footwear factories this year showed the government’s commitment to solving labour disputes, and that its mechanisms to do this were working, a senior official at the labour ministry said yesterday, while admitting that a ...

http://www.phnompenhpost.com/index.php/2011111652785/National-news/official-says-faintings-a-scar-on-image-of-nations-factories.html

Not enough high-quality jobs, group warns

Cambodia does not have enough productive or high-quality jobs available and most employment is informal, which will prevent Cambodians from rising out of poverty, the International Labor Organization (ILO) said Monday at a workshop in Phnom Penh. To help solve the issues affecting the labor market, ...

Tourism will drive food service sector growth zzz

Cambodia will require an additional 1,000 restaurants by 2020 to service the Kingdom’s growing tourism sector, Ministry of Tourism officials say. By 2020, seven million international visitors, and as many as 10 million domestic tourists, were expected to visit the country’s tourist destinations each year, Tith ...

http://www.phnompenhpost.com

Koh Kong's first garment factory to launch next April

The first garment factory in Koh Kong province is slated to open in April of next year in what insiders say is a harbinger of manufacturing along the Thai border. Thai-owned KKN Apparel had signed a contract with the Koh Kong Special Economic Zone to launch ...

http://www.phnompenhpost.com

Foreign investment needed in Special Economic Zones

According to a Sept 4 press release from the Council for Development of Cambodia (CDC), there are currently a total of 19 SEZs and most of them are situated along Cambodia’s borders with Vietnam and Thailand. Eight are fully operational with both local and foreign ...

http://www.etmcambodia.com/

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