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No transparency provisions in draft oil law

After years in the drafting process, a copy of Cambodia’s much-anticipated draft petroleum law obtained this week shows that there are still no provisions governing the public disclosure of payments made to the government by gas and oil companies. Dated February 2010, the draft could still ...

Eight killed on Thai border in October

Eight Cambodian suspected of illegally logging along the Thai-Cambodian border have been shot dead by Thai soldiers, and three others have been wounded in the month of October alone, human rights workers and officials said Friday. The latest figure brings the death toll so far this ...

Fugitive directors face seven years in prison

A director and a former director of recruitment company Champa Manpower Group were sentenced in absentia to seven years’ jail yesterday for detaining three female workers in Phnom Penh last year. Chaing Sinath, presiding judge at the Phnom Penh Municipal Court, ordered that company director Sos ...

http://www.phnompenhpost.com/index.php/2011112252891/National-news/fugitive-directors-face-seven-years-in-prison.html

Villagers locked in land dispute threaten arson

Police and military police stopped about 200 villagers from entering rice fields in Battambang province yesterday, saying they had no right to harvest in the 100-hectare area because it belonged to well-known businessman Song Thon, villagers said. Chhut Mao, a 64-year-old village representative of Lvea commune, ...

http://www.phnompenhpost.com/index.php/2011113053053/National-news/villagers-locked-in-land-dispute-threaten-arson.html

Vietnamese equity fund to open in Cambodia

Dragon Capital, a Vietnam-based private equity firm, has announced that it is planning to launch a fund in Cambodia next year, the second such fund to be announced by a Vietnamese company this year. The firm’s CEO, Dominic Scriven, said that the initial fund would close ...

15 foreign investments were approved in October

Fifteen foreign investments worth $344 million were approved by the government’s investment board in October, most of which were in the garment industry, according to data obtained this week ...

Food costs expose gap in country's production

Despite a 67 per cent drop in food imports to Cambodia in 2011, inflation in exporting countries drove an 18 per cent rise in the total value of the imports. Food imports fell from 769,993 tonnes in 2010 to 254,080 in 2011, while the total value ...

http://www.phnompenhpost.com/index.php/2012012654150/Business/food-costs-expose-gap-in-countrys-production.html

Chinese company invests Media system in Cambodia

Chinese businessman Cha intor and president of coal mining group from China decided to invest the opening of Khmer economic magazine in Phnom Penh to boost the close ties for China and Cambodia and also it will enhance traditional media in the country. The announcement ...

http://thesoutheastasiaweekly.com/?p=3462

Authorities Downplay Hostage-Taking in Land Dispute

Two days after Ratanakiri province villagers took hostage a group of local officials who were clearing land for a rubber plantation, authorities downplayed the incident, saying they had no plans to press charges and that “the problem has been settled.” A representative of the rubber company, ...

11 Cambodian Loggers Killed In Two Months

The deaths of four more Cambodian over the past two weeks brings to 11 the number of people killed by Thai soldiers so far this year while illegally logging across the border. The death toll is fast approaching the 15 Cambodians killed in the entirety ...

Corn sales fall, profits sought in cassava

Revenues from Cambodian corn exports fell by 52 per cent last year as farmers scrapped the crop for the more lucrative, but less stable, cassava plant. The Kingdom exported 35,381 tonnes of corn, worth US$2.2 million, in 2011, down from 86,533 tonnes worth $4.57 million the ...

http://www.phnompenhpost.com/index.php/2012030554846/Business/corn-sales-fall-profits-sought-in-cassava.html

Bavet Governor's Arrest Reported in Svay Rieng

Bavet City Governor Chhuk Bundith was arrested on Friday afternoon for his alleged role in the triple shooting in Svay Rieng province, local rights group Licadho said late Friday night. “[Chhuk Bandith]” was arrested this afternoon at 4:30 p.m., and is now being detained in ...

Villagers to police logging in Prey Lang

More than 600 villagers from four provinces and civil society organisation officials would em­bark on the largest community crackdown yet on the “anarchic logging” of Prey Lang forest in Kampong Thom, representatives said yesterday. ...

http://www.phnompenhpost.com/index.php/2012031955105/National-news/villagers-to-police-logging-in-prey-lang.html

New Mosquito Infection Detected in 98 People

An outbreak of a mosquito-borne virus new to Cambodia with similar symptoms to dengue fever has been detected in Kompong Speu’s Kong Pisei district, a Health Ministry official said yesterday. Director of the Ministry of Health’s communicable disease control department Dr. Sok Touch said that 98 ...

Complaints Submitted in K Chhnang Land Dispute

A development company owned by the wife of the Minister of Industry, Mine and Energy Suy Sem has been the target of 40 civil complaints received by the provincial court of Kompong Chhnang province. Chea Kheng claims she owns the 214-hectare plot of which 69 ...

Basic Concerns Remain Priority in Rural Areas

Roads, bridges, schools, sanitation and other forms of basic infrastructure are still top priorities for many rural citizens of Cambodia. Comfrel has done a study of issues that voters are concerned with and found that infrastructure is a key area. Traditionally the rural areas have ...

Banking Sector Sees Strong Growth in 2011

Earnings from two of Cambodia’s banks have shown growth within the sector for the first six months of 2011. Acleda Bank and Cambodian Public Bank Plc, have had their profits rise to $21.7 million and $13.4 million respectively. The banks have grown as a result ...

Land Rights Still Unclear in Pheapimex Dispute

Following a decision in March to give land back to residents of 13 communes in Pursat province from a vast economic land concession belong to the conglomerate Pheapimex, boundaries have yet to be drawn, and ownership of the land still remains unclear, residents and a ...

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 ...

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 ...

http://www.phnompenhpost.com/index.php/2011090751484/Business/japan-firms-see-fresh-potential-in-kingdom.html

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