Credit Suisse’s HAGL holdings drawing fire
Credit Suisse, a financial services firm based in Switzerland, has been accused of aiding land grabbing in Cambodia by becoming a major shareholder in Vietnamese rubber giant Hoang Anh Gia Lai (HAGL) Group. In a statement released today, Global Witness (GW), an NGO based in England, ...
Shane Worrell
http://www.phnompenhpost.com/national/credit-suisse%E2%80%99s-hagl-holdings-drawing-fire
Parkson's Cambodia expansion seen boosting earnings in the long term
Parkson Holdings Bhd (PHB)’s expansion into Phnom Penh, Cambodia, via its proposed Parkson Mallwould provide it with a steady income stream in the long term, mainly from rental yield, according to Affin Investment Bank. The proposed location of the mall – directly opposite the Phnom Penh International ...
Construction Set to Resume at CamKo City
Construction on Phnom Penh’s CamKo City project will resume after a year’s suspension following a fraud scandal that left its original financial backer bankrupt, an official at the Ministry of Land Management said Wednesday. CamKo City, located in Phnom Penh’s Russei Keo district, was halted ...
Hul Reaksmey
http://www.cambodiadaily.com/business/construction-set-to-resume-at-camko-city-45747/
High hopes for fishing season
The largest fish harvest of the year is approaching, and Phnom Penh’s fish markets are about to get busy. In short, it’s December and so prahok season is upon us. A traditional Cambodian fish paste, prahok is made from fermented Siamese mud carp called trey riel in ...
Chan Muy Hong
http://www.phnompenhpost.com/business/high-hopes-fishing-season
ACU Charges Hotel Tax Collector in Siem Reap Province
The Anti-Corruption Unit (ACU) on Wednesday arrested a senior official from the Siem Reap provincial taxation branch and sent him to Phnom Penh to be placed in pretrial detention, officials said Thursday. Siem Reap Provincial Court president Duch Sok Sarin said that Liv Bunthan, the chief ...
Kuch Naren
http://www.cambodiadaily.com/news/acu-charges-hotel-tax-collector-in-siem-reap-province-49502/
Hun Sen, Tan Dung Sign 9 Agreements During Vietnam State Visit
Prime Minister Hun Sen on Thursday signed off on nine wide-ranging deals with his Vietnamese counterpart Nguyen Tan Dung during a state visit that ends Saturday, including arrangements to tighten media, public security and trade cooperation, according to Cambodian and Vietnamese state media. Cambodian state news ...
Zsombor Peter
http://www.cambodiadaily.com/news/hun-sen-tan-dung-sign-9-agreements-during-vietnam-state-visit-49735/
World Bank To Review Environmental Complaints Against Company
The World Bank says it will investigate reports from indigenous groups in Cambodia that a company funded by the bank’s International Finance Corporation is involved in deforestation and land grabs. The bank’s Office of the Compliance Adviser Ombudsman, or CAO, will first examine the credibility of ...
Sok Khemara
http://www.voacambodia.com/content/world-bank-to-review-environmental-complaints-against-company/1853122.html
As verdicts loom in 25 protest related cases, acquittals sought
Verdicts will be handed down Friday in two garment protest-related cases that rights groups say were built on a weak body of evidence. The two cases occurred months apart but followed a similar narrative: Garment workers fed up with their calls for a higher monthly minimum ...
Lauren Crothers
http://www.cambodiadaily.com/news/as-verdicts-loom-in-25-protest-related-cases-acquittals-sought-60056/
Two’s company at CSX
It may not have all the glitter, adrenaline or the iconic tolling bell of Wall Street, but today, the usually deserted Cambodian Stock Exchange (CSX) will be a hive of activity. After first hinting at an initial public offering more than two years ago, garment manufacturer ...
Eddie Morton
http://www.phnompenhpost.com/business/two%E2%80%99s-company-csx
Housing loans up in 2013, growth expected to continue in ’14
Last year across Cambodia’s cities, more and more people decided to take the plunge and invest in housing. This should be obvious to anyone who lived in Cambodia last year. The sounds of construction or renovation were more noticeable than before in cities across the Kingdom. Data ...
Sum Manet
http://www.phnompenhpost.com/real-estate/housing-loans-2013-growth-expected-continue-%E2%80%9914
UN concerned about detainees’ presence at trials
The U.N.’s human rights office in Cambodia expressed concern Monday that 22 detained protesters may not be allowed to attend their trials on Friday, while the government insisted that the prisoners will be transported to the court. Two minors were arrested for intentional violence for their ...
Lauren Crothers
http://www.cambodiadaily.com/news/un-concerned-about-detainees-presence-at-trials-56914/
Lawyers Submit Bail Requests for Imprisoned Protesters
Ten lawyers representing 22 of the 23 striking workers, union officials and political activists imprisoned at a maximum-security prison in Kompong Cham province since their arrests at two protests in Phnom Penh earlier this month submitted bail requests for their clients Thursday, one of the ...
Mech Dara
http://www.cambodiadaily.com/news/lawyers-submit-bail-requests-for-imprisoned-protesters-50785/
First sentence given for facebook comments
The Phnom Penh Municipal Court on Thursday fined a 29-year-old hairstylist and make-up artist 2 million riel, or about $500, and ordered her to pay 5 million riel, or about $1,250, in compensation to a rival beauty parlor owner she defamed on Facebook. The sentence is ...
Eang Mengleng And Denise Hruby
http://www.cambodiadaily.com/news/first-sentence-given-for-facebook-comments-51649/
Cancer clinic still operating without license
A clinic claiming to cure cancer, diabetes and other serious illnesses through “detoxification” is operating without a license, five months after it opened illegally in Phnom Penh. The Immanuel Bicom True Healing Center in Chamkar Mon district came under scrutiny shortly after opening in early December ...
Sek Odom
http://www.cambodiadaily.com/news/cancer-clinic-still-operating-without-license-57875/
Beaten journo preps lawsuit
A journalist with Voice of Democracy (VOD) who was badly beaten by security forces at the site of a planned demonstration in the capital earlier this month left for Thailand yesterday for an operation, and plans to file suit against his attackers next week, he ...
Meas Sokchea
http://www.phnompenhpost.com/national/beaten-journo-preps-lawsuit
Appeal Court upholds controversial convictions
The Court of Appeal on Monday upheld the protest-related convictions handed down to 11 activists in November, but reduced the prison sentences of all but the most high-profile members of the group. Seven of the defendants were arrested in mid-November for blocking traffic during a ...
Mech Dara
https://www.cambodiadaily.com/news/appeal-court-upholds-controversial-convictions-76728/
IMF revises GDP projection for Cambodia upward to 7%
The International Monetary Fund has revised Cambodia’s economic growth projection to between 6.5 and 7 per cent, up from 6.2 per cent in April, saying the country could manage a sound macro-economy because of the growth in four main sectors: manufacturing, tourism, agriculture and construction. According to Ek ...
Are banteng making a comeback in Cambodia? Researchers find new population
Researchers have discovered a new population of banteng (Bos javanicus), a species of wild cattle, in northwestern Cambodia. The discovery was announced June 4, 2014 by Fauna and Flora International (FFI), and efforts are underway to implement conservation initiatives to protect the area and its newfound banteng, ...
Janaki Lenin
http://news.mongabay.com/2014/0623-gfrn-lenin-banteng.html
Stock market rings in PPAP
Shares in Phnom Penh Autonomous Port (PPAP) debuted on Cambodia’s sleepy stock exchange yesterday morning, ending the day at 5,140 riel ($1.28), down 1.15 per cent from the 5,200 riel opening price, after a lukewarm session of sideways trading that dashed some investors’ hopes for ...
Cam McGrath
http://www.phnompenhpost.com/business/stock-market-rings-ppap
Customs revenue up 18 per cent for 2022
General Department of Customs and Excise (GDCE) said that they have collected more than $2.69 billion in 2022, an increase of 18.3 per cent over 2021 revenue.203; In a February 3 annual meeting in Kep province, GDCE director general Kun Nhem said that the figure ...
Van Socheata
https://www.phnompenhpost.com/business/customs-revenue-18-cent-2022