Riel sees stable gains on dollar this year
A steady rise in the value of Cambodia’s riel since the beginning of the year demonstrated increased confidence in the currency often shadowed by predominant usage of the US dollar, officials said yesterday.
“The consequent rising value of riel proves there is more confidence in
River widening divides opinions
More than 30 families living near the Siem Reap River in Siem Reap’s Aranh Sakor village have sent a letter to Prime Minister Hun Sen and member of parliament Seang Nam, asking not to be evicted from their land because of the planned widening of
Machinery Manufacturers Tap Garment Sector
More than 150 companies from China, Taiwan, Singapore, Vietnam, Malaysia, as well as Germany and England on Thursday set up shop at the exhibition center on Phnom Penh’s Koh Pich island, displaying everything from $900 labeling machines to sewing machines worth $56,000 that automatically attach
Time right for talks on sea boundary
In 2009, the Democrat-led government and the People’s Alliance for Democracy accused ousted former prime minister Thaksin Shinawatra of holding secret talks with Cambodia about exploiting oil and gas reserves in the Gulf of Thailand.
The government threatened to revoke a memorandum of understanding on overlapping
http://www.bangkokpost.com/news/local/255142/time-right-for-talks-on-sea-boundary
Investment by China Doubles In First Half
Cambodia approved $1.2 billion in investments from China in the first six months of the year, a 104 percent increase in the amount of Chinese money set to flood into the economy compared to the same period last year, the Cambodian Investment Board said. The
Mobile market still growing
Cambodian mobile operators added more than 1 million new subscribers between May and July, with Smart Mobile seeing the largest percentage increase for the period, according to Ministry of Posts and Telecommunications figures obtained by the Post. Marc Einstein, a Tokyo-based analyst at research and
http://www.phnompenhpost.com/index.php/2011090751483/Business/mobile-market-still-growing.html
Boeng Kak families reach out to embassies, EU
Members of 34 families facing eviction from Phnom Penh’s Boeng Kak community yesterday called on five foreign embassies and the European Union to pressure the government into granting them land titles.
They are among the 46 poor and untitled families living in Boeng Kak who have
Ministry questions oil assessment
Cambodia’s Ministry of Environment told a Japanese oil company yesterday to better define the location of its initial onshore operations given the potential impact on the local population and environment.
The Ministry of Environment has required Japan Oil, Gas and Metals National Corporation to specify where
http://www.phnompenhpost.com/index.php/2011111552750/Business/ministry-questions-oil-assessment.html
Kingdom's three-year land rush
The government has granted more than 7 million hectares of land to private companies through concessions since 2008, with 222 private companies claiming more than 2 million hectares alone in economic land concessions, rights group Adhoc said yesterday.
Ouch Leng, head of Adhoc’s land program, said
Kingdom's exports jump 44%
Cambodia’s total exports rose more than 40 per cent year-on-year through October, carried by strong growth in agriculture shipments.
Total exports reached US$4.05 billion in the first 10 months of 2011 compared with $2.82 billion during the same period last year, an increase of 44 per
http://www.phnompenhpost.com/index.php/2011112552966/Business/kingdoms-exports-jump-44.html
Workers Call For Factory Official to Go
More than 1000 factory workers protested in Phnom Penh yesterday outside the Sun Well Shoes Company factory in Pur Senchey district, demanding higher wages and the dismissal of the factory’s administration chief, union representatives said.
Tep Saroeun, a union representative at Sun Well Shoes Company in
Pailin Looks to Put Longan Fruit on GI Map
Pailin’s juicy longans, a small beige-colored fruit renowned for its sweet taste, is on the way to becoming Cambodia’s third food product to attain Geographic Indicator (GI) status. The longan will join Cambodia’s only other GI-recognized food products: Kompong Speu palm sugar and Kampot
US Dollar Drops Below 4,000 Riel With Agricultural Harvest
An increase in agricultural trading has caused the value of the US dollar to dip below 4,000 riel in the past three consecutive days, as there is now a higher demand for the Cambodian riel, money exchangers and an official from the National Bank of
Prey Lang villagers on patrol
Kampong Thom province
About 500 frustrated villagers, citing the authorities’ inaction as their motivation, rode some 250 motorbikes into Prey Lang forest over the weekend in yet another effort to combat illegal logging they say is decimating the area.
The villagers from four provinces surrounding Prey Lang
Police Say Hun To News Story Untrue
The Interior Ministry yesterday defended Prime Minister Hun Sen’s nephew, Hun To, following explosive allegations by an Australian newspaper, The Age, which alleged that Australian police had suspected Mr. To of involvement in a drug smuggling and money laundering syndicate.
An official from the Cambodian conglomerate
Templeton Cautions Investors Riding Myanmar, Cambodia Growth
Investors should be cautious when pursuing the opportunities for growth present in Myanmar and Cambodia, Southeast Asia’s frontier markets, Templeton Asset Management Ltd. said.
In Cambodia, state-owned Phnom Penh Water Supply Authority will have its initial public offering this month, making it the first to
Families stuck in Oddar Meanchey land row seek solution from PM, ministry
Fourteen families in Oddar Meanchey province’s O’Smach commune on Friday sent a letter to Chea Sophara, Minister of Land Management, Urban Planning and Construction, asking him to intervene in their land dispute with military officials. The families accused border military commander Pok Sophal and three
Soth Koemsoeun
https://www.phnompenhpost.com/national/families-stuck-oddar-meanchey-land-row-seek-solution-pm-ministry
NGOs call for road safety to be included in nat’l examination
wo NGOs focused on Cambodian road safety have sent a letter to Minister of Education Hang Chuon Naron on Wednesday requesting that road safety be included in students’ learning objectives ahead of the beginning of the new school year on Friday. In their letter, the
Voun Dara
https://www.phnompenhpost.com/national/ngos-call-road-safety-be-included-natl-examination
Cambodia seeking stronger economic, trade ties with US
The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said. The call was made at a meeting between the US Ambassador to Cambodia Patrick Murphy and Minister of Commerce Pan Sorasak during the
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-seeking-stronger-economic-trade-ties-us
Kampong Cham riverbank collapse affects commune administration hall
Around 50 metres of riverbank on Saturday collapsed in Kampong Cham province’s Kampong Cham city and has affected a commune administration hall building. Provincial Governor Un Chanda, who inspected the collapse site in Veal Vong commune, on Saturday said he had ordered officials to tackle
