TOLL suspends train ops in Cambodia
MANILA, 22 March 2012: Toll Group of Australia and Royal Group of Cambodia (Toll Royal Railways) have decided to suspend all train operations in Cambodia for one year beginning this April according to an Asian Development Bank statement released Tuesday.
Last year’s heavy flooding caused construction delays and there are delays in land acquisition, resettlement and equipment mobilisation processes due to local community protests and objections to rail project.
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Cambodia Stock Exchange Ready to Get Rolling
Here in Cambodia, if not the rest of the world, the opening of the Cambodia stock exchange has been a long anticipated event, marking Cambodia's emergence as a modern country. When it opened in July 2011, the only hitch was that there was not a single company listed on the exchange. That's all about to change, though, as three state controlled entities plan on listing soon.
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UK barrister to drive growth at Sciaroni & Associates
PHNOM PENH, Cambodia, Mar 12, 2012 (BUSINESS WIRE) -- John A. Pike has joined Phnom Penh-based Sciaroni & Associates as Managing Partner, Senior Partner Bretton G. Sciaroni announced today.
Pike has extensive experience in commercial and investment banking and in the shipping industry in London, Tokyo, and Frankfurt, and for the last 10 years has been a practicing barrister-at-law in London. He has lived and worked in Cambodian since 2009 as an adviser to on agricultural development with VSO UK, a UK non-governmental organization.
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Morakot Island Update
A while ago, I wrote a post about the Grand Opening of the New Sihanoukville Bridge. Except for a brief re-opening, the bridge has been closed since then while developers focus on infrastructure and development.
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Sophy's goes global
PHNOM PENH, Cambodia - The painting is all but done and the kitchen is coming along. But there are hundreds of details to be sorted out.
Such is the life of a restaurateur trying to get an eatery up and going.
It doesn't get any easier when you are opening in Cambodia and things pop up - like the three-day Pchum Ben, or Festival of the Dead, holiday you never saw coming.
The hiccups have forced a delay in opening a new restaurant in Phnom Penh, which will offer traditional foods with a twist.
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Confusing Pieces of Information about Money
The Cambodia Daily of 4-5 June 2011 reported that during a session of the Council of Ministers on 3 June 2011, the Prime Minister raised US$259,000 in investment pledges from the members of the Council to rebuild the market in Kratie which had been destroyed by fire the day before. US$259,000 raised on the spot – not in response to longer term planning how to allocate scarce resources for the many needs in the country.
The Evaluation Committee reported that the fire destroyed $700,000 worth of goods and we calculate that the old market cost $130,000, so in total the price will be $840,000.
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A Tale of Two Openings: Hotel Nine and The Willow
What are the odds of two Australians, both from Brisbane, who vaguely know each other (well, they’re Aussies, after all), suddenly discovering that each is opening a boutique hotel on the same day, less than a decent six-hit from each other? This being Phnom Penh, pretty high I’d say; but that’s what happened to Mark at Hotel Nine, and Eliza at The Willow. I met them to find out their stories, and learn how to open a hotel in Cambodia.
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Best Western signs first hotel in Cambodia
BANGKOK – Best Western has signed its first hotel in Cambodia – the all-suite Suites And Sweet Resort Angkor.
The agreement heralds the arrival of the Best Western name to Siem Reap – the location of UNESCO’s World Heritage Site of Angkor temple complexes, including the Angkor Wat and Angkor Thom.
Suites And Sweet Resort Angkor enjoys an ideal location, less than a 10-minute drive from both Siem Reap town and the main entrance to the famous Angkor Wat temple complex.
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Xao Ban opened it's own shop near VIS
Their products are selling quite good, but not always available - mainly because the supermarkets don't take care of the stock. So founder Nongnut decided to open her own shop. It is conveniently located next to the Vientiane International School and offers the whole range of fresh products from Xao Ban - and even more. I have't seen the Pumpkin Spread in the supermarket shelves yet, neither the passion fruit syrup. Fresh fruits and vegetables are also available, and around noon the delivery man bring fresh bread.
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Arbitration Council Reports Fewer Labor Disputes
Labor disputes saw a significant drop from 2009 to 2010, officials reported Thursday, due in part to an economic crisis that lowered the number of factories here.
The Arbitration Council, an independent body established to settle labor disputes, has received nearly 1,000 complaints over the last eight years. Cases mostly rose from 31 in 2003 to 180 in 2009. But 2010 saw only 145 cases, the council reported.
Arbitration Council President Kong Phallack said the lower number was due to the closure of factories in the wake of the 2008 crisis.
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