Aeon starts building Cambodia mall
Japanese mall operator Aeon Co. broke ground Monday on Cambodia’s first foreign-financed mall.
“We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs and we want to stay deeply rooted in Cambodia and we want to
Villagers Still in the Dark About Lower Sesan Hydropower Dam
Thousands of villagers who will lose their land to the construction of the Lower Sesan 2 dam in Stung Treng province later this year have not been told of the government’s plans for their resettlement and compensation, a new study released yesterday shows.
Through interviews with
Plans for 7-Eleven chain in Cambodia
Thailand’s biggest convenience store operator, CP All, plans to apply for licences to open 7-Eleven stores in countries including Cambodia by 2015, according to a Reuters news report yesterday.
The other two countries are Myanmar and Laos, and the plan is part of CP All’s expansion
http://www.phnompenhpost.com/2013013161087/Business/plans-for-7-eleven-chain-in-cambodia.html
Preah Vihear Families' Land Issues Go Unheard
About 50 families living on the site of the long-discussed Preah Vihear airport went to the provincial hall yesterday to request that local officials reconsider their earlier decision to refuse them land titles on the grounds that the airstrip would soon be rebuilt.
Villagers attended
Acleda Eyes Expansion Into Burma
Cambodia’s largest bank, Acleda, is looking to get in early on Burma’s economic reawakening with plans to open three microfinance branches in the country as soon as January, the bank’s CEO said yesterday.
In Channy said he discussed the plan on Monday with a visiting Burmese
Slow outlook for 2012 rice exports
Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments.
The cost of shipping rice to Europe climbed by more than 50 per cent between
Hor Namhong Travels to US on Official Visit
Foreign Affairs Minister Hor Namhong will travel to the U.S. on Saturday to hold separate discussions with Secretary of State Hillary Clinton and Senator Jim Webb, chairman of the subcommittee on East Asia and Pacific Affairs, the government said in a statement.
Mr. Namhong’s visit comes
Workers Strike at Factory Supplying US Brands
Roughly 4,000 garment workers at a factory supplying clothes for U.S. brands Gap, Levi Strauss and Old Navy went on strike yesterday and threatened to march in Phnom Penh on Thursday to demonstrate against poor pay.
The demonstration took place at Tai Yang Enterprises in Kandal
Police Detain Recruitment Agency Chief for Suspected Fraud
The director of a recruitment agency in Siem Reap will face fraud charges today at the provincial court for allegedly taking money from victims in exchange for promised jobs in the U.S., police said yesterday.
Hong Bunhav, chief of research and investigations section of the Siem
Hun Sen Says Land Management Ministry in Need of More Staff
Prime Minister Hun Sen said yesterday that there was a lack of staff at the Ministry of Land Management, and suggested that the students in his land measuring program be utilized to rectify the shortage.
Mr. Hun Sen made the comments while visiting Pursat province’s Phnom
Rights Workers in Court Over Intimidation
The Ratanakkiri Provincial Court has summoned for questioning two human rights workers who have lodged court complaints against local officials for disrupting their land-rights workshop in July.
Pen Bonnar, provincial coordinator for Adhoc, and Chhim Savuth, a project coordinator for the Cambodian Center for Human Rights (CCHR), filed
Phnom Penh villas declining
For many years, Phnom Penh’s villas have represented the most attractive and obvious options for both commercial and residential use in the city, but experts say the number of villas available is on the decline.
The stock of villas is decreasing, due to the demolition and
http://www.phnompenhpost.com/index.php/Real-Estate/phnom-penh-villas-declining.html
Leaders of Japan, China to Attend Asean, East Asia Summits
The leaders of two of Cambodia’s biggest donors, China and Japan, will attend the up coming Asean and East Asia summits in Phnom Penh next week, Prime Minister Hun Sen confirmed during a speech in Siem Reap province yesterday.
“China Prime Minister [Wen Jiabao] will arrive
NGOs ask ASEAN to address Xayaburi
Several groups are calling for the ASEAN summit to address the regional discord caused by the Xayaburi dam, which Laos began constructing earlier this month despite opposition downriver from neighbours Cambodia and Vietnam, as well as from conservation groups.
On Friday, the Rivers Coalition in Cambodia
Four feared dead in Cambodia dam accident
According to Veal Veng district police chief Theang Leng, the incident occurred on Saturday afternoon, apparently after heavy water pressure caused part of the Stung Atay dam’s reservoir to collapse.
“Four people are missing. We fear they have drowned but this is not sure yet,” he
http://www.abc.net.au/news/2012-12-03/an-cambodia-dam/4403764
Cambodia-China ties in trade, investment, tourism look better: commerce minister
The ties between Cambodia and China in trade, investment and tourism have steadily grown from year to year thanks to good relations between the two countries, Cambodian Minister of Commerce Cham Prasidh said Tuesday.
“China is one of our key trading partners. The two-way trade volume
Cambodian milled rice exports rise slightly
Cambodian milled rice exports to international markets grew only 2 per cent year-on-year, leading rice trading experts to express concern that the goal of exporting a million tonnes in 2015 cannot be accomplished.
Hean Vanhorn, deputy director general of the Ministry of Agriculture and director of
http://www.phnompenhpost.com/2013010360602/Business/cambodian-milled-rice-exports-rise-slightly.html
Cambodia greets 3.2 mln foreigners in Jan.-Nov. 2012
Cambodia has greeted some 3.2 million foreigners in the first eleven months of 2012, up 24 percent compared with 2.58 million visitors in the same period a year earlier, showed the latest statistics of Tourism Ministry on Thursday.
From January to November last year, Vietnam topped
http://news.xinhuanet.com/english/world/2013-01/03/c_132077998.htm
Australia Courted for Further Railway Funding
The government has asked Australia to provide more funding to help complete the rehabilitation of the dilapidated railway line between Phnom Penh and the Thai border, a spokesman said yesterday.
Foreign Affairs Minister Hor Namhong met with Lieutenant General John Sanderson, former chief of the Australian
http://www.cambodiadaily.com/business/australia-courted-for-further-railway-funding-9422/
Naga Corp Reports 23 Percent Profit Growth
NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement.
In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that
http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/
