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Hotels told to use own power

State-owned energy supplier Electricite du Cambodge (EDC) has sent letters to some of Phnom Penh’s four- and five-star hotels, asking that they switch to generators between 8am and 9pm this month — a move hotel-industry experts say would have a significant economic impact. In a letter ...

http://www.phnompenhpost.com/2013040264826/Business/hotels-told-to-use-own-power.html

Firms accused of illegal logging in Ratanakkiri

Families in Ratanakiri province yesterday logged a complaint with rights group Adhoc accusing a trio of economic land concession (ELC) owners of illegally logging outside of their concession areas and felling their vital resin and palm oil trees. Chan Naroun said she was among 29 families ...

http://www.cambodiadaily.com

IMF Says Cambodia’s Economic ‘Takeoff’ Not Yet Sustainable

Government action will be needed to ensure that nearly two decades of impressive economic growth continues in Cambodia, the International Monetary Fund (IMF) said in a report published Wednesday. In its 2013 World Economic Outlook, the IMF put Cambodia’s gross do­mestic product (GDP) growth for 2012 ...

http://www.cambodiadaily.com/business/imf-says-cambodias-economic-takeoff-not-yet-sustainable-18880/

Japanese Funder Blames City Hall

Japan’s aid arm, the Japanese International Cooperation Agency (JICA), which is funding a drainage project along Phnom Penh’s Street 63, said yesterday that while it was true sections of the busy road remained in a deplorable condition, responsibility lay with City Hall. “This is [a] ...

http://www.cambodiadaily.com/news/japanese-funder-blames-streets-ruin-on-city-hall-29321/

Cambodia marks Forest Day

Cambodia observed the Forest Day on Tuesday, urging people to plant trees in order to ensure the sustainability of forest and environment. The celebration was presided over by King Norodom Sihamoni and attended by Prime Minister Hun Sen and senior officials of the government, the parliament, ...

http://www.asean-china-center.org/english/2013-07/09/c_132525872.htm

Deposits and loans increase

Deposit and loans at major commercial banks have continued to climb over the first half of this year, industry officials say. Grant Knuckey, chief executive officer of ANZ Royal Bank, said yesterday that ANZ continues to see strong growth in trade finance led by the agricultural ...

http://www.phnompenhpost.com/business/deposits-and-loans-increase

Vietnamese firm is still logging illegally: Adhoc

Employees reportedly working for the controversial Company 72 have allegedly been illegally felling timber in a community forest in Ratanakkiri province’s O’Yadav district and shipping it across the Vietnamese border, community members and Adhoc said yesterday. Romas Svat, a community representative in Paknhai commune’s Lom village, ...

http://www.phnompenhpost.com/national/vietnamese-firm-still-logging-illegally-adhoc

Chevrolet autos aim to tap into demand for new cars in Cambodia

Chevrolet, one of America’s iconic brand autos, officially launched its first dealership here on Monday, aiming at tapping into the country’s growing market for new vehicles. Martin Apfel, president of the US’ General Motors to Southeast Asia Operations, said at the launching ceremony at the cars’ ...

http://www.globaltimes.cn/content/779626.shtml#.UYheUaKj2xA

Gold resource in northeastern Cambodia estimated at 1.2 mln ounces

Australia’s Renaissance Minerals (Cambodia) Ltd. unveiled Thursday that it estimated that gold resource[s] at O’kvau area in Cambodia’s Mondolkiri province could be as much as 1.2 million ounces, the firm’s Managing Director Justin Tremain said. Speaking during a meeting with Cambodian Minister of Industry, Mines and ...

http://www.globaltimes.cn/content/780533.shtml#.UYxVHaKj2xA

Compulsory insurance for car owners planned

Private car owners could soon be required to buy motor insurance if a planned law amendment gets the green light, stoking optimism that such a bill could put the brakes on Cambodia’s high rate of hit-and-run accidents. Currently, only commercial vehicles, such as buses, legally require ...

http://www.phnompenhpost.com/2013051465590/Business/compulsory-insurance-for-car-owners-planned.html

Hong Kong delegation seeks business opportunities in Cambodia

A delegation from China’s Hong Kong Special Administrative Region are currently seeking possibilities to broaden bilateral trade and investment ties in Cambodia. The delegation comprising of business executives from 24 different firms in the financial and professional services, infrastructure and real estate, garments and textiles, telecommunications, ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=Y2Y2MTQ4Zjk2YmR

Rubber firm has plans in Cambodia

Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubber inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubber,” ...

http://www.phnompenhpost.com/2013062866536/Business/rubber-firm-has-plans-in-cambodia.html

Villagers protest hike in electricity expense

More than 60 villagers from Kampong Cham province’s Stung Trang district staged a protest on Monday at Arak Tnort commune hall, demanding answers for a massive price hike that has accompanied the installation of electricity meters ahead of a planned switchover to state-provided power. Private company ...

http://www.phnompenhpost.com/national/villagers-protest-hike-electricity-expense

PTT petrol stations filling up

Thailand’s PTT Cambodia, a subsidiary of the kingdom’s state-owned oil and gas conglomerate PTT Public Company Limited, expects to more than double the amount of petrol stations it manages in Cambodia by the end of 2017, a senior executive in the company said this week. ...

Laura Ma
http://www.phnompenhpost.com/business/ptt-petrol-stations-filling

ADB lends 70 mln USD to Cambodia for rice commercialization, finance reforms

The Government of Cambodia and the Asian Development Bank (ADB) on Monday signed loan agreements worth $70 million to expand the country’s rice sector and promote reforms in the finance sector, an ADB’s statement said. Signed by Cambodian Deputy Prime Minister and Finance Minister Keat Chhon ...

Xinhua News Staff
http://www.globaltimes.cn/content/806367.shtml#.UhsAYtKBmN8

New hope for SL strike resolution

With union and company officials at one of Asia’s largest garment factories making no progress in resolving a strike that has lasted nearly three months, a pair of labour relation groups are working on an agreement that all sides hope will end the deadlock. officials from ...

Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/new-hope-sl-strike-resolution

SL reps, unionists to sign deal to end strike

A nearly four-month strike, punctuated by a violent clash between unionists and police that left one bystander dead, could come to an end this afternoon. Officials from SL Garment Processing (Cambodia) Ltd and the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU) – which represents a ...

Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/sl-reps-unionists-sign-deal-end-strike

Sok An: conspiracy apparent between opposition, Comfrel, NDI over election figures

Cabinet Minister, Sok An on Tuesday has accused the opposition Cambodia National Rescue Party of conspiring with Comfrel and the National Democratic Institute (NDI) over the forgery of the election figures. Speaking at the fifth general election book launching ceremony, he said the opposition party ...

Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NDFiOWU1NDFiZjI

Opposition party wants equal committee posts in parliament: Sar Kheng

Acting Prime Minister Sar Kheng on Wednesday said that opposition leader Sam Rainsy, now doesn’t want the parliament chairmanship chair post, but equal committee posts within the parliament. Speaking to reporters after delivering certificates to 3,000 police officers, he said Sam Rainsy phoned him and told ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NGUwNzE2ZmZkYjA#sthash.zE5aIsK1.dpuf

Law Aimed at Protecting Local Products Approved

The Council of Ministers has approved a draft law aimed at protecting the patent rights of traditional Cambodian products, which if violated could be met with a fine of up to $5,000 and a five-year jail term. The law on geographical indication (G.I.), a status given ...

Hul Reaksmey and George Styllis
http://www.cambodiadaily.com/news/law-aimed-at-protecting-local-products-approved-46855/

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