Cambodia Post, a state-owned enterprise with plans to list on Cambodia’s bourse, will sign a memorandum of understanding (MoU) today with the Thai Post intended to provide electronic money transfer services between the two ASEAN neighbours. The initiative hopes to tap the growing remittance via brokers from Thailand to Cambodia.
Ork Bora, general director of Camobida Post, said remittance from Thailand sharply increased in recent years with the growing number of Cambodian migrant workers seeking work in the neighbouring country. …
CANADIA Bank and Japan-based Tokyo-Mitsubishi UFJ signed a memorandum of understanding (MoU) on Wednesday agreeing to work together to tap the flow of Japanese investors into the Kingdom.
The MoU was signed by Canadia Bank chief executive officer Michael Lor and Masato Miyachi, the general manager of Tokyo-Mitsubishi’s Asia and China division in Phnom Penh.
Pung Kheav Se, chairman of the board of directors of Canadia Bank, said the MoU would enhance bank co-operation for mutual benefit and give Japanese investors in Cambodia greater access to investment information. …
Japanese investment in Cambodia more than doubled to $75 million in 2011 from about $35 million in 2010, according to figures supplied by the Japanese embassy.
Tourism officials have launched a new initiative called the Eco-Club designed to promote environmental awareness and improve the image of Cambodian cities through better management and disposal of plastic bags.
The program aims to recruit Cambodian youth to spread the word and educate the broader community on the benefits of clean cities. …
Thong Khon, minister of tourism, said the Eco-Club will be established at schools, universities, factories and radio and television stations. …
PHNOM PENH: Chinese Union Group and the government of Cambodia plan to ink MoU of construction of mega-development projects in Koh Kong province, southern part of Cambodia.
Environment minister Mok Mareth made the announcement upon arrival from China, where he attended APEC meeting in Tainjin on sustainable and green development and met with his Chinese minister. …
A migrant worker Memorandum of Understanding (MoU) is back in the spotlight after Malaysia yesterday agreed to send a delegation of senior government officials to meet with their Cambodian counterparts tomorrow and Thursday.
MoU talks are of mounting importance in the face of escalating evidence of abuse and violence perpetrated against Cambodian domestic workers in the fellow ASEAN member state.
“This is the first time for discussions in seats together in the same room,” said Chou Bun Eng, secretary of state at the Ministry of Interior. …
The number of strikes in Cambodia’s garment industry could be set to dip and workers could be on their way to free lunches after both sides of the industry signed a two-year memorandum of understanding (MoU) yesterday.
The MoU – inked by the Garment Manufacturers Association (GMAC) in Cambodia, nine trade-union confederations and one federation – spells out terms on how to resolve industrial disputes, with an emphasis on avoiding strikes.
Key points of the document and its annexes are that factories and workers accept Arbitration Council rulings, all parties lobby big brands to fund a food program and that the use of contentious fixed-duration contracts be addressed. …
Legal experts and officials agree that negotiations with Cambodia about overlapping maritime claims should resume under the 2001 memorandum of understanding (MoU) with Thailand.
The MoU was revoked by the previous Abhisit Vejjajiva government.
Vasin Teeravechyan, head of the Thai-Cambodian joint boundary sub-committee, said many related officials and foreign consultants as well as security agencies have supported the idea of negotiating maritime boundaries based on the 2001 MoU…
Cambodia and the United Arab Emirates signed a memorandum of understanding to establish direct flights between the two countries, said Tith Chantha, director general of Tourism Ministry.
Tourism Minister Thong Khon inked the deal to establish flights from Dubai to an unspecified destination in Cambodia during his trip to UAE last week, Mr. Chantha said. …
A time frame to establish the route has not been set.
Cambodia’s tourism ministry and United Arab Emirates officials have signed a memorandum of understanding to strengthen tourism to the Kingdom, officials said during a press conference at Phnom Penh’s international airport.
Tourism Minister Thong Khon said the memorandum of understanding (MoU) would provide more opportunities for both countries to work together on improving tourism between Cambodia and the Middle East. …
Thong Khon, who signed the MoU with his counterpart, Khalid Ahmed bin Sulayem, director-general of the Dubai Department of Tourism & Commerce Marketing of the United Arab Emirates, said the MoU would focus on issues in the field of tourism management, such as training, human resources and having direct flights between the countries in the future. …
According to statistics compiled by the Ministry of Tourism, in the seven months until August of this year, the number of tourists from the Middle East to Cambodia rose by 23 per cent, from 5,163 in 2011 to 6,391.
Cambodia’s next step in allowing workers such as maids and builders to travel to Qatar will be to create a committee with the Arab state to ensure their safety is protected, a senior labour official said yesterday.
The Senate on Wednesday supported an agreement between the two countries that should clear the way for Cambodians to travel to Qatar to work in a variety of industries.
Oum Mean, secretary of state at the Ministry of Labour, said the two countries would form a committee to examine the conditions Cambodian migrant workers will face in Qatar. …
Apsara Authority on Wednesday signed a memorandum of understanding (MoU) with three Japanese companies to conduct a feasibility study to solve various environmental problems in the Angkor area.
The MoU was signed between Bun Narith, director general of Apsara Authority, Shoichi Kobayashi, chairman of the Japan Development Institute, Yasumasa Isetani, director of the JGC Corporation, and Makoto Nagao, director of the MAEDA Corporation. It was witnessed by Cham Prasidh, Cambodia’s minister of commerce, and Japan’s Minister of Economy, Trade and Industry, Yukio Edano.
The MoU is aimed at solving various environmental problems in the Angkor area through the introduction of state-of-the-art technology and building on its eco-friendly heritage model to include a possible emissions-free zone, according to a statement released on the signing. …
Malaysia needs to start “paying attention” to a worker protection agreement with Cambodia that has languished for almost two years, a Ministry of Interior official said at a meeting yesterday.
The meeting, which included officials from the ministries of Interior, Women’s Affairs, Tourism, Foreign Affairs and other related ministries, along with NGO partner Winrock, aimed to find ways Cambodia can combat human trafficking and facilitate the signing of memoranda of understanding (MoU) with countries like Malaysia to protect workers. …
According to Moeun Tola, head of the Community Legal Education Center’s labour program, Cambodia began drafting the MoU with Malaysia nearly two years ago, suggesting a poor outlook for its speedy signing. …
Weak enforcement and a lack of NGO input hobbles MoUs, Tola said, adding that migrant conditions in Thailand have barely improved since a 2003 MoU was signed.
Malaysia tourism and travel agency officials have signed a memorandum of understanding at the Angkor Golf Resort in Siem Reap to boost golf tourism in Malaysia and Cambodia.
Signatories to the MoU were Sao Ratha, marketing manager of Tourism Malaysia; Ng Eu Shen, general manager of Liberty Golf Services; Candra Tanpatti, general manager of PSD Travel; and Adam Robertson, general manager of the Angkor Golf Resort.
The main understanding of the agreement is to lay the foundations for a closely coordinated and phased process on cross-marketing and promotion of Cambodian and Malaysian golf destinations.
According to Adam Robertson, this essentially means that more “brand awareness” of Cambodian golfing will be developed in Malaysia. …
Initially, Cambodia has more to gain than Malaysia from the deal in terms of visiting golfers, but this will level out as golfing catches on in the Kingdom. …
The Bank of Thailand (BOT) on August 25 signed a memorandum of understanding (MoU) on Exchange of Banking Supervision Information with the National Bank of Cambodia (NBC), the regulator of financial institutions in Cambodia.
The MoU provides a formal basis for banking supervisory cooperation between the two authorities. It allows for supervisory cooperation between BOT and NBC in areas of information sharing and communication during the licensing process and ongoing supervision of banks operating under their respective supervisory responsibility…
Amid a spate of garment factory strikes – including one at Tai Yang Enterprises that has lasted more than a month – Cambodia’s Arbitration Council yesterday said it wanted the industry to renew a memorandum of understanding on industrial action that has been in limbo since November.
“[The MoU] is something we would like the industry to come to the table on,” Arbitration Council Foundation executive director Sok Lor told the Post.
Strikes have increased significantly at garment factories since the MoU expired…
Cambodia will sign a rice trade Memorandum of Understanding (MoU) with Indonesia in August under which Indonesia will purchase 100,000 tons of rice from Cambodia annually. …
The deal is expected to boost Cambodia’s rice exports and help the country achieve its target of exporting one million tons of rice by 2015. …
The garment industry could be close to renewing an industrial relations memorandum of understanding, but an independent union believes it is being edged out of negotiations because it opposes the use of short-term and fixed-duration contracts.
“Recently, when we suggested signing a new MoU, employers suggested [articles] that talk about ‘short-term contracts’,” he said. “Because C.CAWDU has expressed it is against these contracts, GMAC is upset with us.”
The MoU, which GMAC and unions groups including the CLC signed in September 2010, included agreements that parties would support collective bargaining and examine the use of short-term and fixed-term contracts…
The Australian government yesterday said it has been aware of poor working conditions and inappropriate surveying methods used on Cambodia’s railway rehabilitation project since February and had ordered that the project’s partners investigate the matters.
“The Australian Government was alerted to possible concerns about workplace health and safety in February,” an Australian Embassy spokesperson said in an email. “As soon as we became aware, we raised our concerns and requested our project partners to investigate issues fully.”
According to a draft memorandum of understanding (MOU) between the Cambodian government and the Asian Development Bank (ADB) dated May 9, further resettlements may take place along the final 6 km of the northern line in Poipet City due to inadequate surveying. …
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 the government earlier this month.
A draft memorandum of understanding (MOU) between the Ministry of Public Works and Transport and the ADB obtained yesterday states that poor construction work on between 6 and 12 km of the southern railway line had contributed to delays on the line of up to 335 days.
It also states that initial surveying on where to lay down track on the 385-km northern line did not match where construction work would actually take place, meaning that further resettlements of families living in Poipet City could occur in the future.
The information in the MOU appears to shed light on why Australian firm Toll Holdings, which has a 30-year concession to operate the railway network with the Cambodian conglomerate Royal Group, decided in March to suspend operations until the southern line has been completed. …
A Memorandum of Understanding aimed at protecting maids sent to Malaysia may make headway in the next two months, a government official has said.
Secretary of State for the Ministry of Women’s Affairs San Arun said a meeting with Malaysian officials on an MoU is expected to take place in late June or in July.
“We are putting in efforts for the draft of the MoU because it will protect our workers, especially maids. After we have the MoU with each other, the government will allow workers to be sent to Malaysia,” she said …
