News

No Probe Yet of Link to Taiwan Heroin Shipment

Cambodian police have yet to receive information about last week’s massive heroin haul by Taiwanese authorities, who indicated that the drugs were sourced from Cambodia, said Lieutenant General Khieu Sopheak, spokesman for the Interior Ministry. According to Taiwan’s Ministry of Justice, 70 kg of heroin were ...

Cambodia Wants More Information on Taiwan's Heroin Haul

Police yesterday said they were seeking more information about a massive haul of heroin-allegedly transited through Cambodia-that was seized from a boat off the coast of Taiwan this week. The Taiwanese Justice Ministry’s Investigation Bureau says it found 70 kg of heroin hidden in a fishing ...

Garment Makers Gear Up for IPOs

Two foreign-owned garment manufacturers will submit disclosure documents to Cambodia’s capital market regulator next month, the companies’ underwriter Phnom Penh Securities Firm Plc. said yesterday. The initial public offerings for the two private companies, expected by the end of the year, should boost action on the ...

http://www.phnompenhpost.com/index.php/2012062957093/Business/garment-makers-gear-up-for-ipos.html

Sea dispute still in limbo

A code of Conduct governing the South China Sea remains only an “eventual” prospect, Prime Minister Hun Sen said yesterday, despite it dominating discussions during this week’s ASEAN Summit. From the beginning of Monday’s Foreign Ministers’ Meeting, the question of China’s potential involvement in the drafting ...

http://www.phnompenhpost.com/index.php/2012040555452/National-news/sea-dispute-still-in-limbo.html

Still No Arrest in Shooting of Special Economic Zone Workers

A day after Interior Minister Sar Kheng revealed that authorities had identified a suspect in the shooting of three female factory workers at a special economic zone (SEZ) in Svay Rieng province, officials yesterday refused to reveal the identity of the gunman, who had still ...

Airline ups stake in fuel fight

The dispute that grounded a Tonlesap Airlines plane on Tuesday and stranded more than 200 passengers in Siem Reap and Taipei, Taiwain, continued yesterday, as plane owner Far Eastern Transport upped the sum it claimed Tonlesap owed for fuel. Far Eastern grounded a plane it had ...

http://www.phnompenhpost.com/index.php/2012022354679/Business/airline-ups-stake-in-fuel-fight.html

Calls for re-evaluation of short-term workers

Almost 120,000 Cambodians who illegally crossed into neighbouring countries in search of work were repatriated during 2011, new figures from the Ministry of Interior have revealed, prompting a senior ministry official to call for a re-evaluation of how Cambodian workers are treated abroad. Chou Bun Eng, ...

http://www.phnompenhpost.com/index.php/2012013054217/National-news/calls-for-re-evaluation-of-short-term-workers.html

Factory for named brands slammed for faintings

Low wages and a lack of occupational health and safety measures led to a mass fainting on Tuesday at a Phnom Penh garment factory that produces clothes for well-known brands Wal-Mart, Target and Reebok, according to a statement released by the Community Legal Education Center ...

Prison move may unravel

Human rights groups are warning that Cambodia’s new Prison Law will create financial incentives for violations of human rights within the Kingdom’s prisons and tarnish the image of the country’s most lucrative export industry: footwear and garments. They point to Article 71 of the new law, ...

http://www.phnompenhpost.com/index.php/2011121253306/National-news/prison-move-may-unravel.html

False alarms trigger fainting

Three false alarms at a garment factory triggered another mass fainting incident yesterday morning, sending 59 female staff, including one security guard, to hospitals and clinics, according to a statement from the Ministry of Labour. The first alarm went off  about 7:40am in a sewing section, ...

http://www.phnompenhpost.com/index.php/2011120953262/National-news/false-alarms-trigger-fainting.html

Strikers used as ‘slave labour’

About 500 of the 600 garment makers at Meroson Cambodia Co Ltd went on strike yesterday, accusing the Taiwanese-owned firm which exports T-shirts to North America of using them as “slave labour” Chey Sovan, vice-president of the Cambodian National Confederation for Labourers’ Protection, said that the main reason ...

http://www.phnompenhpost.com/index.php/2011101352113/National-news/strikers-used-as-slave-labour.html

Taiwan’s leading bank opens in Cambodia to boost trade

The China’s Taiwan leading bank, Mega International (ICBC), on September 30th, opened its first branch in Phnom Penh, aiming to attract more Taiwanese investors to Cambodia and boosting further business. “The Mega ICBC will bring capital investment injection into the economy of Cambodia, employment opportunities, upgrading ...

http://thesoutheastasiaweekly.com/

ABF Freight Adds Offices in Asia

ABF Freight System Inc. on Monday announced it had opened offices in Indonesia, Japan, Singapore, South Korea, Malaysia, Vietnam, Thailand, Cambodia, Myanmar, the Philippines, India and Sri Lanka. The locations are in addition to ABF offices in China, Hong Kong and Taiwan, ABF said in a ...

http://www.arkansasbusiness.com/article.aspx?aID=128384.54928.140526

Competitiveness Improves

The World Economic Forum’s (WEF) Global Competitiveness Index 2011-2012 ranked the Philippines 75th out of 142 economies, up from 85th out of 139 in the 2010-2011 report. Last year’s placing marked a reversal of 2009’s slide to 87th in a list of 133, from 71st ...

http://www.bworldonline.com/content.php?section=TopStory&title=Competitiveness-improves&id=37920

Machinery Manufacturers Tap Garment Sector

More than 150 companies from China, Taiwan, Singapore, Vietnam, Malaysia, as well as Germany and England on Thursday set up shop at the exhibition center on Phnom Penh’s Koh Pich island, displaying everything from $900 labeling machines to sewing machines worth $56,000 that automatically attach ...

Deals With China Inked

Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...

http://www.phnompenhpost.com/index.php/2011082251177/Business/deals-with-china-inked.html

K Speu Court Summons Three in Land Dispute

Three villagers have been summoned as a result of  bloody clash last year stemming from a land dispute and eviction by the Kompong Speu Provincial Court. The 65 hectares of land have been awarded to Kuo Sheng a Taiwanese businessman by the Supreme court. Licadho, ...

Taiwanese bank eyes Kingdom

Mega International Commercial Bank, a Taiwanese bank, has been in talks with the National Bank of Cambodia (NBC) about setting up operations in Cambodia. The kingdom is said to be an emerging financial sector. The initial branch will be in Phnom Penh in order to ...

http://www.phnompenhpost.com/index.php/2011071350354/Business/taiwanese-bank-eyes-kingdom.html

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