Battle Over CamKo City Now in Court
A South Korean government agency and Korean investors in CamKo City are locked in an ownership dispute at the Phnom Penh Municipal Court over the half-built residential development project in Russei Keo district, according to court documents obtained yesterday. Following the collapse of the Busan Savings ...
In Cambodia, Cyber Casinos Fall Into a Legal Gray Area
In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...
State borrowing may spike
Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...
Plan to expand museum short on details
The National Museum will undergo a massive expansion, but this will not include removing the Royal University of Fine Arts which sits behind it, officials at the Ministry of Culture and Fine Arts told a public forum yesterday. ...
Chea Takihiro and Srey Kumneth
http://www.khmertimeskh.com/news/16046/plan-to-expand-museum-short-on-details/
US to help tackle illegal fishing
US Ambassador to Cambodia William Heidt said the US wanted to sign an agreement with Cambodia to better manage state-owned ports in the Kingdom to tackle issues related to illegal, unreported and unregulated (IUU) fishing. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/29567/us-to-help-tackle-illegal-fishing/
Can’t see the forest …
The percentage of Cambodia covered in forest has fallen from about 72 per cent in 1973 to only about 46 per cent in 2013, satellite image data released yesterday shows. A series of animated maps that Open Development Cambodia (ODC) produced from NASA satellite images detail ...
Shane Worrell
http://www.phnompenhpost.com/national/can%E2%80%99t-see-forest-%E2%80%A6
Cambodia's International Reserves Increase to Nearly $3 Billion
According to the statement from the national bank of Cambodia (NBC), the country’s international reserves increased by 2.912 million US dollars so far this year with guaranteeing to import for four months. “For the management of the international reserves, we have implemented the policy with ...
Cambodia expects 7 pct GDP growth in 2012: Finance Minister
Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...
http://news.xinhuanet.com/english/business/2012-03/12/c_131462003.htm
Trade logistics centre west of Phnom Penh is in planning
An assessement of plans to build a groundbreaking trade logistics centre west of Phnom Penh will begin soon, the Ministry of Public Works and Transportation said. An early stage feasibility analysis of the Phnom Penh Logistics Complex is set to begin early next year, supported ...
Hor Kimsay
https://www.phnompenhpost.com/business/trade-logistics-centre-west-phnom-penh-planning
Government Has 13 Payment Guarantees for Energy Projects
A CPP lawmaker said yesterday the government has signed 13 payment guarantees to companies constructing coal-fired power plants and hydropower dams in the country, a move that an Asian Development Bank (ADB) official reiterated was risky for the country’s fiscal future. CPP lawmaker Cheam Yeap said ...
http://www.cambodiadaily.com/news/government-has-13-payment-guarantees-for-energy-projects-11377/
ASEAN Infrastructure Fund could be within Cambodia's reach
Access to the region’s largest collective financial resource, the ASEAN Infrastructure Fund, could be easier than expected for Cambodia, according to an Asian Development Bank economist. Initiated in May, the fund is expected to lend up to US$4 billion and leverage up to $13 billion for ...
http://www.phnompenhpost.com/index.php/2012071057314/Business/regional-fund-cambodia-adb.html
France looks to increase exports to the Kingdom
France said it plans to boost its exports to Cambodia as French foreign direct investment in the country – worth $3.18 million in 2012 – continues to rise, officials said on Wednesday. Among this year’s investments, concessions and construction company group Vinci, the largest building ...
Don’t mention South China Sea, government tells Asean
The National Assembly will petition Asean officials to remove a reference to the South China Sea maritime dispute from an upcoming joint statement, officials confirmed on Tuesday, a move some analysts and diplomats say will again threaten regional cohesion. ...
Khuon Narim and Ben Paviour
https://www.cambodiadaily.com/news/dont-mention-south-china-sea-government-tells-asean-117083/
Cambodia Criticized for Asean Meeting Failure
The “one community, one destiny” motto Cambodia adopted when it took over the rotating chairmanship of Asean this year could not have sounded more hollow as it did Friday when the 10-member bloc failed to produce a joint closing statement for the first time in ...
US broker partners with Korea's Tongyang Securities in Cambodia
US-based broker Decker and Co has announced a partnership with the Cambodian unit of South Korea’s Tongyang Securities Inc, one of only seven underwriters licensed by the Cambodia Securities Exchange. In a statement late Tuesday, Decker said partnerships with Tong Yang in Cambodia and BPI Securities ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YjM5ZDFmOTBkOTM
Mechanics school on the way
A new auto-mechanics training school at the National Polytechnic Institute of Cambodia (NPI) that aims to train select Cambodian youth and support a shortage in the labour market officially commenced construction yesterday. In partnership with the Ministry of Labour, joint sponsors the Korean International Cooperation Agency ...
Hor Kimsay
http://www.phnompenhpost.com/business/mechanics-school-way
Cambodia sets 2020 tourism target
Cambodian Prime Minister Hun Sen expects the country to welcome 8 million foreign visitors by 2020. Talking to local media, the PM said the country was on track to achieve the ambitious target by 2020. The largest sources of tourists to Cambodia are Vietnam, China, South ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/02/cambodia-sets-2020-tourism-target/
KR commerce scrutinized
Democratic Kampuchea’s commerce committee was under the leadership of co-accused Khieu Samphan and Ieng Sary, testimony by former national bank deputy director Sar Kimlomouth revealed yesterday at the Khmer Rouge tribunal. Although the Khmer Rouge regime had eliminated currency and attempted to turn the nation into ...
http://www.phnompenhpost.com/index.php/2012060156534/National-news/kr-commerce-scrutinized.html
New Coal Plant to Tackle Blackouts
National energy supplier Electricite du Cambodge (EdC) on Monday announced that a 50-MW coal-fired power plant in Preah Sihanouk province is ready to come online this week and will solve Phnom Penh’s chronic blackouts. The statement does not mention which power plant had been completed, ...
http://www.cambodiadaily.com/news/new-coal-plant-to-tackle-blackouts-31220/
Australia asks Cambodia to take asylum seekers amid violent crackdown
The Abbott government wants to send some asylum seekers to Cambodia, at a time when the country’s strongman prime minister, Hun Sen, is overseeing a brutal crackdown on dissent in one of south-east Asia’s poorest nations. Facing growing opposition after decades of authoritarian rule, Hun Sen ...
Lindsay Murdoch
http://www.smh.com.au/federal-politics/political-news/australia-asks-cambodia-to-take-asylum-seekers-amid-violent-crackdown-20140223-33amf.html