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Royal Group and Fusionex Group sign MOA to power up Smart Trade Facilitation in Cambodia

The Royal group, Cambodia’s leading conglomerate and Fusionex Group, one of the largest multi award-winning and the leading data technology group in the region, signed a memorandum of agreement where both groups will cooperate in the area of Smart Trade Facilitation in Cambodia. This cooperation ...

The Phnom Penh Post staff
https://www.phnompenhpost.com/national/royal-group-and-fusionex-group-sign-moa-power-smart-trade-facilitation-cambodia

Court rebuffs Koh Kong families seeking to reclaim land

The Court of Appeal on Tuesday rejected the request of five families from Koh Kong province to nullify the deals they made seven years ago to give up their land to a local sugarcane plantation on the grounds that they were coerced. ...

Ben Sokhean
https://www.cambodiadaily.com/news/court-rebuffs-koh-kong-families-seeking-to-reclaim-land-127541/

Cambodian, Thai companies ink deal to build 50 mln USD rice mill

Cambodia’s Soma Group and Thailand’s C.P. Intertrade on Thursday signed a joint-venture agreement to build a sophisticated rice milling and refining factory in the western Kampong Speu province of Cambodia. The deal was inked between Sok Puthyvuth, chief executive officer of Soma Group, and Prasit Damrongchietanon, ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=225245

Phnom Penh Internet Forum calls attention to digital illiteracy and the fight for internet freedoms

Despite the rapid digitalization of Cambodia’s economy and society, many online citizens continue to struggle with digital illiteracy – particularly vulnerable groups exposed to online discrimination and fraud. As digitalization efforts increase, experts are urging the government to implement laws that protect social media users and ...

Seoung Nimol and Tang Porgech
https://cambojanews.com/phnom-penh-internet-forum-calls-attention-to-digital-illiteracy-and-the-fight-for-internet-freedoms/

Private Firms Approach Cambodia’s Bourse With Caution

When it became the first—and still the only—company to list on Cambodia’s stock market on April 18, the Phnom Penh Water Supply Authority saw its share price shoot up some 50 percent on its first day of trading before beginning two weeks of steady decline. Since ...

Acleda, PPCBank granted listing eligibility

Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...

May Kunmakara
https://www.phnompenhpost.com/business/acleda-ppcbank-granted-listing-eligibility

Chasing China’s rice import potential

China National Cereal, Oil and Foodstuffs Corporation (COFCO) is the latest mainland Chinese company to sign a deal to export Cambodian rice. COFCO is one of a number of Chinese companies that have signed similar deals with their Cambodian counterparts, but  direct rice exports to China ...

http://www.phnompenhpost.com/index.php/2011082551252/Business/chasing-chinas-rice-import-potential.html

Rail cars en route to Kingdom

The Royal Group subsidiary, which in 2010 won a 30-year concession to operate and upgrade the Kingdom’s rail network, began running a new service in mid-April from the capital’s city centre to Phnom Penh International Airport. ...

Hor Kimsay
https://www.phnompenhpost.com/business/rail-cars-en-route-kingdom

Mondulkiri Bunong families seek government intervention

Fourteen indigenous families from Mondulkiri province’s Dak Dam commune have sought urgent intervention from local authorities and a human rights NGO after machinery was used to clear their farmland. ...

Voun Dara
https://www.phnompenhpost.com/national/mondulkiri-bunong-families-seek-government-intervention

Royal Railway takes extra measures for a smooth ride

In 2009 the Royal Government of Cambodia signed a Concession agreement with Toll from Australia the biggest Logistics company in Australia at the time to be the Operator and Maintainer of the North and South Line. Soon after Toll signed it joined with Neat Oknha ...

John Guiry
https://www.khmertimeskh.com/50605169/royal-railway-takes-extra-measures-for-a-smooth-ride/

Forest management group strips Vietnamese rubber company of certification

A global forest management organization has stripped a Vietnamese rubber company of its certification after finding that the state-owned entity committed human rights violations and illegally destroyed thousands of acres of forest for rubber plantations in Cambodia. ...

San Sel
http://www.rfa.org/english/news/cambodia/forest-management-group-strips-vietnamese-rubber-company-of-certification-10272015153144.html

Committee unaffected by Kith Meng’s appeal

Cambodian tycoon Kith Meng’s Royal Group failed to persuade a high-level meeting of government and Preah Sihanouk officials to resume construction of a 40-metre port at Otres Beach, and will instead have to explore the use of other locations along the coastline. ...

Cheng Sokhorng and Sor Chandara
http://www.phnompenhpost.com/business/committee-unaffected-kith-mengs-appeal

Judge hears protesters involved in UDG suits

The Koh Kong Provincial Court yesterday questioned 17 villagers locked in a land dispute with the Chinese-owned Union Development Group (UDG) over a pair of competing lawsuits filed in the wake of a clash between locals and company security guards in January. ...

Phak Seangly
http://www.phnompenhpost.com/national/judge-hears-protesters-involved-udg-suits

SCG vows Cambodian upgrade

SET-listed Siam Cement Group (SCG) will spend US$200 million to expand its investment in Cambodia from 2016-20.The focus will be on the cement and building materials sectors, which have strong potential to grow amid the Cambodian government’s policy of revving up infrastructure projects, said Kan ...

Lamonphet Apisitniran
http://www.bangkokpost.com/business/news/800748/scg-vows-cambodian-upgrade

Change of the guard

With the ASEAN Economic Community (AEC) expected to intensify business competition across the region, Thailand’s biggest industrial conglomerate expects to rise to the challenge under a new leader.Kan Trakulhoon is retiring as president and chief executive of Siam Cement Group (SCG) after a decade at ...

Nareerat Wiriyapong
http://www.bangkokpost.com/business/news/808916/change-of-the-guard

Mong Rethy group given deadline to pay ELC back taxes

The government has warned Mong Reththy Group (MRT), an investor in agro-industrial crops such as palm oil and cassava, that it must pay all outstanding back taxes on its economic land concession in Sihanoukville’s Prey Nop district within three months, according to a document received ...

May Titthara
http://www.khmertimeskh.com/news/20867/mong-reththy-group-given-deadline-to-pay-elc-back-taxes/

UDG plaintiffs called

Koh Kong’s provincial prosecutor has invited four community representatives to provide statements regarding violence allegedly committed in January during an ongoing land dispute with Chinese company Union development Group.The invitation was received this week by residents of Prek Smach village in Kiri Sakor district, who ...

Chhay Channyda
http://www.phnompenhpost.com/national/udg-plaintiffs-called

SR airport lounge to be ready by next month

Plaza Premium Group, the Hong Kong-based company that opened its first lounge in Cambodia at Phnom Penh International Airport last month, will open its second lounge in Siem Reap airport by the end of next month, according to the firm that manages the Kingdom’s three ...

Ayanna Runcie
http://www.phnompenhpost.com/business/sr-airport-lounge-be-ready-next-month

Rubber firms report deep losses

Cambodia’s rubber industry’s woes have begun to crystallise after two major rubber plantations announced deep losses yesterday, attributing their downturn to high production costs and a drop in global rubber prices. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-firms-report-deep-losses

Airport railway 50 percent done

The Minister of Public Works and Transportation announced yesterday that the railway line connecting Phnom Penh to the airport is 50 percent complete. Sun Chanthol said the project from the Phnom Penh train station to the airport is half finished and added that trains are on ...

Sen David
http://www.khmertimeskh.com/50106736/airport-railway-50-percent-done/

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