Air Asia expands services, flights
Malaysia-based Air Asia will begin offering travel services in Cambodia, and may expand its flights to neighbouring countries, company officials said.
The airline launched its first Air Asia Travel and Service Center in Phnom Penh yesterday. Air Asia will partner with tour operator Mekong Discovery.
So Mara,
http://www.phnompenhpost.com/index.php/2011121353316/Business/air-asia-expands-services-flights.html
Eviction clock ticks for families in Preah Vihear
More than 130 families in Preah Vihear province who continue to defy eviction orders will not receive any compensation if they do not leave their homes by Friday, the Choam Ksan district governor has warned.
Choam Ksan district governor Sok Hai yesterday said police and military
Borei Keila villagers set to sue
Women from Borei Keila who escaped Prey Speu social affairs centre last Wednesday made another impassioned plea for housing and compensation at rights group Licadho’s Phnom Penh headquarters on Friday.
Armed with copies of a Borei Keila construction agreement from 2004 and in tears, they spoke
EdC Power Rationing to Continue Until Rainy Season
A senior official at the state-owned Electricite du Cambodge (EdC) said yesterday that blackouts in Phnom Penh could persist until the onset of the rainy season in June.
EdC last week began rationing power citywide, as Phnom Penh is currently short about 100 megawatts of
Court Upholds Anti-Corruption Unit Verdict
The Court of Appeal yesterday upheld a verdict sentencing the former Pursat Provincial Court prosecutor, Tob Chan Sereivuth, and two of his bodyguards to between 15 and 19 years in prison for bribery, illegal detention and extortion.
Mr. Chan Sereivuth and bodyguards Ros Samnang and Chhit
Sell-Off of Wildlife Areas Faster than Believed
500 sq km of land from three conservation areas have been granted by the Cambodian government to agribusiness companies. Prime Minister Hun Sen has approved 50,750 hectares, through nine concessions, to be granted areas of land that were previously conservation areas. Reththy Kiri Sakor Co.
June Textile Workers Continue Protests
Factory workers from the burnt down June Textile Company have returned to the streets in protest after due to an objection by the factory officials. Last month the Arbitration Council ruled in favor of the workers providing them with a favorable severance payment, which the
B Meanchey Land Dispute Families File Objection
Businessmen Tuy Vanny and Seth Rin are embroiled in a land dispute with 50 families have had an objection filed against their allowing others to farm the land. The right to farm the land was only granted on July 7 to Mr. Vanny and Mr.
Beer girl exploitation revealed
The exploitation of women who work as beer promoters is soon to be exposed in a report that is going to be released by Care Cambodia and the Solidarity Association of Beer Promoters in Cambodia. The report will include first had accounts and interviews of
Accounting for the Bourse
Financial experts in the Kingdom yesterday called on the banking sector to implement improved corporate governance and increase transparency in order to ensure confidence in companies ahead of trading on the Cambodian Securities Exchange. Banks in the country have been required to publicly disclose financial
http://www.phnompenhpost.com/index.php/2011081751090/Business/accounting-for-the-bourse.html
Construction Approvals Grow
GOVERNMENT-approved construction projects soared 84 percent year-on-year through July to US$747.7 million, which officials called the biggest jump since the property market bust three years ago.
The number of approved projects for the period reached 1,279, a decline from the 1,344 projects greenlighted in the first
http://www.phnompenhpost.com/index.php/2011082351195/Business/construction-approvals-grow.html
CDC approvals rise by 247pc, January to July
The Council for the Development of Cambodia (CDC) approved 75 investment projects worth US$5.5 billion between January and July, according to council statistics.
This growth represents a 247 per cent, year-on-year increase in the value of approved investment projects, 60 of which were in the industrial
Japan firms see fresh potential in Kingdom
A delegation of more than 30 Japanese businesspeople yesterday met with the Council for the Development of Cambodia to discuss investment opportunities in the Kingdom, after seeing what they said were vast improvements in domestic legal and tax regulations. However, no definite decisions had yet
Cambodian farmers could benefit from new Thai rice prices
The Thai government’s plan to implement a minimum price for Thailand’s rice growers next month is expected to push up paddy prices for Cambodian farmers during the upcoming harvest, agriculture experts said yesterday
Agriculture experts said rice paddy prices in Cambodia would likely increase due to
Poor farmers are hit the hardest by damage from floods
With ongoing floods causing an unprecedented $521 million in estimated damages, economists warn that poor farmers are being the hardest hit. The latest government estimate marks a roughly threefold increase from an earlier prediction of more than $161 million, which was the cost of the
Land dispute victims to protest crackdown
More than 2,700 families embroiled in 11 separate long-running land disputes in Kandal province are planning to hold a mass protest to draw attention to the continuing arrests and detention of villagers by the provincial court, villagers said yesterday
According to Adhoc’s records, Kandal Provincial Court
Japanese firm awaits approval for oil data collection
Mitsui Oil Exploration Co (Moeco), a Japanese petroleum firm that specializes in natural gas, wants to start conducting seismic operations testing for oil and gas north of the Tonle Sap lake by February 2012 and wrap up the tests by May, according to excerpts of
Ex-railway workers fear pay has left station
Representatives of 503 former railway workers protested outside the Ministry of Transportation in Phnom Penh yesterday, demanding the government pay them outstanding salaries ranging from US$2,500 to $5,000 per person.
Railway workers from Battambang, Kampot, Pursat and Takeo who were formerly employed by the government, but
After record high, garment exports slow
As predicted by the International Monetary Fund and World Bank earlier this year, growth in Cambodia’s garment sector has started to slow due to weakening demand from markets in the US and Europe.
According to the latest figures released by the Garment Manufacturers Association in Cambodia
CSX takes another step toward listing companies
The Securities and Exchange Commission of Cambodia has approved in principle the listing of Phnom Penh Water Supply on the Cambodian Securities Exchange, according to the SECC’s website.
The announcement fell a step short from listing approval for PPWS, with the SECC requiring additional paperwork, including
