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Borei Keila Residents File Criminal Suit Against Phanimex

One hundred and twenty families evicted from the Borei Keila community filed a criminal lawsuit with the Phnom Penh Municipal Court yesterday against Phanimex, the company that ordered the demolition of their homes, seeking a total of $360,000 in damages, residents said. Former resident In ...

Japan Asks for Tax Breaks, Better Regulations

The Japanese Embassy in Phnom Penh appealed to the Cambodian government Tuesday to help encourage Japanese investment here by providing corporate tax holidays and reducing notoriously high customs tariffs by adopting more transparent and efficient practices. According to a set of requests prepared by the ...

MFIs watch rice loans

The country’s financial institutions are closely monitoring loans that have been made to rice farmers, who say that this year’s fall in rice prices will affect their ability to make repayments, industry officials said yesterday. Last year, farmers were paid around 840 riel ($0.21) per kilogram ...

May Kunmakara
http://www.khmertimeskh.com/news/30035/mfis-watch-rice-loans/

Stocks Slow as CSX Sees First Day Without Trades

For the first time since the bourse went alive in April, no trading took place on the Cambodian Securities Exchange on Friday. The share price of the bourse’s sole listing, the Phnom Penh Water Supply Authority (PPWSA), remained flat at 6,450 riel ($1.58) at the end ...

As European leaders try to save the euro, uncertainty about fallout in Cambodia if they don't succeed

It’s after midnight in Sihanoukville and British teenagers are clogging the walkways, pushing past one another to drain free shots at the bars. In Kep, elderly French tourists sun themselves at the upscale Sailing Club while Spaniards and Germans eye the offerings at Phnom Penh’s Central Market. In spite of the growing fears ...

http://www.etmcambodia.com/blog.php?article=502

Bank to study loan possibilities for rice

Delegates from the Import-Export Bank of China will visit Cambodia next week to discuss loans for the rice-processing and exporting sector, according to government officials. Son Kunthor, president of the state-owned Cambodian Rural Development Bank, said yesterday that Chinese delegates will come to study the feasibility of ...

http://www.phnompenhpost.com/index.php/2012081457965/Business/china-bank-to-study-loan-possibilities-for-rice.html

Stirrings from B Kak developer

After months of inactivity that has fueled questions about the company’s future, Boeung Kak lake developer Shukaku Inc has launched a recruitment drive, calling for at least half a dozen architects, engineers and other employees. When contacted yesterday, Sok Heng Ly, an administrative employee listed in the ...

http://www.phnompenhpost.com/index.php/2012092858978/National-news/boeung-kak-lake-developer-makes-moves.html

Cambodia Angkor Air expands its international network

For a long time, Cambodia’s national carrier Cambodia Angkor Air (CAA) served only as a feeder carrier to its shareholder Vietnam Airlines. Three lines were then in service on routes linking Phnom Penh to Siem Reap, Phnom Penh-Ho Chi Minh City and finally Siem Reap-HCMC. ...

http://www.traveldailynews.asia/news/article/51485/cambodia-angkor-air-expands-its

Luxury tourism slowly on the rise

A helicopter flight tour to Preah Vihear is just one part of the 10-day Cambodia Immersion for Millionaires Tour launched this week. The cost per person? $25,000. According to Christopher Gramsch, sales manager for organiser Khiri Travel Cambodia, there is increasing demand among high-spending travellers and ...

http://www.phnompenhpost.com/2013042565220/Business/luxury-tourism-slowly-on-the-rise.html

Californian Winery Enters Cambodian Market

California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/californian-winery-enters-cambodian-market-46863/

Unions Want Government, Factories to Resume Wage Talks

The unions behind several days of strikes that turned deadly this month said they will officially ask the Labor Ministry today to resume negotiations on a new minimum wage for the country’s critical garment sector, and said they would hold more street protests if their ...

Aun Pheap
http://www.cambodiadaily.com/news/unions-want-government-factories-to-resume-wage-talks-50451/

New provider CooTel launches in Kingdom

Telecommunications company Xinwei (Cambodia) Telecom Co Ltd, operating under the CooTel brand, officially launched in Cambodia yesterday, being the first operator to offer 4G technology in the country, a company statement released yesterday said. “CooTel strongly believes it will be successful in entering the Cambodian market ...

Post Staff, P.8
http://www.phnompenhpost.com

Officials ‘take cut’ of dam compensation

Officials involved in negotiating compensation offers between the developers of the Lower Sesan II dam and affected villagers have kept a portion of the money paid out to 12 families for themselves, according to an official. Duong Pov, Stung Treng provincial administration director, claimed that a ...

Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/officials-%E2%80%98take-cut%E2%80%99-dam-compensation

Villagers spurn firm’s ‘gifts’

A plantation company with its sights set on a community forest long used by local ethnic minority Jarai in Ratanakkiri’s O’Yadav district arranged a meeting with more than 200 villagers this week to try to persuade them to sign over the woodland. Representatives of the Heng ...

Phak Seangly
http://www.phnompenhpost.com/villagers-spurn-firms-gifts

One family settles land dispute, 2nd holds out

One of two Phnom Penh families involved in a long-running land dispute with a powerful real estate tycoon accepted the businessman’s latest compensation offer during negotiations Tuesday brokered by the Housing Rights Task Force, though the other family has continued to hold out. The two families, ...

Ben Sokhean
http://www.cambodiadaily.com/news/one-family-settles-land-dispute-2nd-holds-out-65812/

PPCBank bond trades on secondary market

In a first for the Cambodia Securities Exchange (CSX), a listed bond were traded on the secondary market on November 24, data from the bourse show. As a result, South Korea-owned Phnom Penh Commercial Bank Plc’s (PPCBank) first bond offering (PPCB23A) on the CSX saw ...

May Kunmakara
https://www.phnompenhpost.com/business/ppcbank-bond-trades-secondary-market

Capital hosts ‘people’s congress’

More than 1,000 people from civil society organisations and community groups have gathered for a three-day “People’s Assembly” in Phnom Penh to express their views and offer agenda items that it would like the Cambodian government to submit to the ASEAN leaders who would attending ...

Long Kimmarita
https://www.phnompenhpost.com/national/capital-hosts-peoples-congress

NSSF health coverage for more groups

The National Social Security Fund (NSSF) plans to offer free healthcare to new target groups under a new programme. The first and largest group includes vendors and those who work in related informal jobs, like street vendors. He added the other target groups include digital ...

Tith Kongnov
https://www.khmertimeskh.com/501434860/nssf-health-coverage-for-more-groups/

Cambodia’s tourism anchored to Angkor

More than 90% of tourists visiting Cambodia will end up at Siem Reap’s world heritage site Angkor Wat, despite efforts to open other areas of the country to tourism. Officials attending the Asean Tourism Forum admitted that efforts to convince tour operators to include trips to ...

TTR Weekly News Staff
http://www.ttrweekly.com/site/2014/01/cambodias-tourism-anchored-to-angkor/

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 ...

http://www.phnompenhpost.com/index.php/2011070550183/National-news/documents-revealed-in-massive-fraud-case.html

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