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Cash for Siem Reap Market Repair to Come From National Budget

A $300,000 sum to repair Siem Reap City’s fire-ravaged Doeum Kralanh market, originally billed on Monday as a donation from Prime Minister Hun Sen, will actually be taken from the national budget, according to a senior ruling-party official. Less than three weeks before the July 28 ...

http://www.cambodiadaily.com/news/cash-for-siem-reap-market-repair-to-come-from-national-budget-34209/

Drop-off in beverage imports questioned

Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...

Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned

Vietnam Plans to Add Border Gates Along Border With Cambodia

Vietnam plans to build 13 new border gates along the boundary line with Cambodia to help boost trade that has already been growing between the two Southeast Asian nations. Vietnam and Cambodia will work out plans to add 13 new border gates over the next seven ...

Nguyen Pham Muoi
http://blogs.wsj.com/searealtime/2013/08/29/vietnam-plans-to-add-border-gates-along-border-with-cambodia/

Water Authority Share Price Hits New Low

The usually static share price of the Phnom Penh Water Supply Authority (PPWSA), still the only company listed on the Cambodia Securities Exchange (CSX), fell Monday to its lowest price since it began trading more than two years ago. At the close of business Monday, the ...

Hul Reaksmey
http://www.cambodiadaily.com/business/water-authority-share-price-hits%E2%80%88new-low-42002/

Cambodia’s tourism soars

Cambodia’s tourist arrivals registered a 16.9% growth in September according to the country’s statistics and tourist Information department. The country attracted 283,787 visits compared to 242,747 during the same month in 2012. Released by the Ministry of Tourism, late last week, data showed the percentage ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2013/11/cambodias-tourism-soars/

Keep striking for $160, Rainsy urges

Ahead of today’s Ministry of Labour announcement of a minimum wage increase for Cambodia’s apparel sector, opposition leader Sam Rainsy yesterday urged striking workers in Svay Rieng province to hold out until their monthly salary is raised to $160. “[Garment] workers should not return to work ...

Mom Kunthear, Sean Teehan and James Hall
http://www.phnompenhpost.com/national/keep-striking-160-rainsy-urges

Mfone’s Assets Sold For Hugely Reduced Price

The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...

Aun Pheap
http://www.cambodiadaily.com/business/mfones-assets-sold-for-hugely-reduced-price-46861/

Study charts AIDS progress

Cambodia’s decline in HIV/AIDS mortalities has made it a regional anomaly, according to a new study published today by a global health research centre at the University of Washington. While HIV/AIDS remains a leading cause of disease burden in Malaysia, Myanmar, Thailand and Vietnam, and mortality ...

http://www.phnompenhpost.com/national/study-charts-aids-progress

Singapore Invests in New Cambodian Bank

An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...

Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/singapore-invests-in-new-cambodian-bank-42137/

Cambodia floods hit northwestern prison, 842 prisoners evacuated

Floods have submerged a prison in northwestern Banteay Meanchey province on Thursday, forcing the authorities to evacuate all 842 prisoners to detention centers in other provinces. “The prison is badly inundated and we are moving the prisoners to prisons in neighboring provinces,” Phin Sophal, chief of ...

Global Times News Staff
http://www.globaltimes.cn/content/816874.shtml#.UldsRNKBlxI

Gaming outfit reports loss

Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...

http://www.phnompenhpost.com/business/gaming-outfit-reports-loss

Microsoft decries pirated software

Microsoft Cambodia has found that an overwhelming majority of computer retailers surveyed earlier this year failed to offer customers the option to purchase licensed, as opposed to pirated, software. Out of the 54 Cambodian computer retailers included in the May survey, the results of which were ...

http://www.phnompenhpost.com/business/microsoft-decries-pirated-software

Thousands Join Opposition Rally in Phnom Penh

Thousands of opposition supporters made their way to Freedom Park in Phnom Penh on Wednesday morning to begin the first of a three-day demonstration designed to urge signatories of the Paris Peace Agreement to intervene in the country’s current political deadlock. Unlike at the previous protests ...

Colin Meyn and Simon Marks
http://www.cambodiadaily.com/news/thousands-join-opposition-rally-in-phnom-penh-45722/

Cambodia's Siem Reap, China's Jiangxi ink cooperation deal

Cambodia’s cultural Siem Reap province and China’s eastern Jiangxi province have signed a memorandum of understanding (MoU) to strengthen cooperation in a number of fields, according to a copy of the MoU on Saturday. The deal was inked on Friday afternoon between Khim Bunsong, governor of ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2013-11/30/c_132930687.htm

U.S. gov't launches HIV research project in Cambodia

The United States government on Wednesday launched a HIV research project in Cambodia, aiming to collect and disseminate critical data that will help the country in the fight against HIV. Men Chean Rithy, coordinator for the newly-launched HIV Innovate and Evaluate Project, said the U.S. provided ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131211/us-govt-launches-hiv-research-project-cambodia

Made here, owned there

At the end of a well-paved road just past the city’s airport sits a cluster of factories. Each one is barely discernible from the next – grey concrete walls and blue aluminium roofs. But one factory in the lot, MAG (Cambodia), is different. In a country ...

Daniel de Carteret
http://www.phnompenhpost.com/business/made-here-owned-there

Garment IPO to pay for factory

Taiwanese garment factory Grand Twins International (GTI) has carefully laid out a schedule so it can go public on Cambodia’s stock exchange after the dust settles from unrest tied to minimum wage disputes, according to the company’s chief financial controller, Henry Chen. GTI received approval from ...

Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/garment-ipo-pay-factory

Media-Savvy Monks to Launch Weekly Radio Show

As Buddhist monks across the country don saffron robes and leave pagodas in search of donations to fill alms bowls each morning, seven monks based in Dangkao district on the dusty outskirts of Phnom Penh are thinking only of feeding the country’s growing appetite for ...

Matt Blomberg
http://www.cambodiadaily.com/news/media-savvy-monks-to-launch-weekly-radio-show-51192/

UN Concerned Over Suppression of Rights

The U.N.’s General Assembly released its latest round of recommendations to improve the human rights situation in Cambodia on Thursday following a review held last week in Geneva. The statements made by delegations from 76 countries during the review urged Cambodia to fulfill its promise to ...

Colin Meyn
http://www.cambodiadaily.com/news/un-concerned-over-suppression-of-rights-51220/

Villagers want compensation for Lower Sesan 2 Dam construction

A group of eight villagers from Stung Treng and Ratanakkiri provinces facing displacement by the construction of the Lower Sesan 2 dam lodged a petition Thursday with the Chinese Embassy and three ministries demanding that the developer negotiate with them. “The affected families have never been ...

Kuch Naren
http://www.cambodiadaily.com/news/villagers-want-compensation-for-lower-sesan-2-dam-construction-52244/

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