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Islands up for grabs

More than 180,000 hectares on 28 of Cambodia’s 64 islands were reclassified as state private property for 31 companies seeking land concessions between 2008 and 2010, government sub-decrees reveal. The reclassification sub-decrees, compiled by investigators at the rights group Adhoc, pave the way for firms to ...

http://www.phnompenhpost.com/index.php/2012081758150/National-news/cambodias-islands-up-for-grabs.html

Rosewood Seized From Hotel Truck

Forestry Administration officials have confiscated 15 cubic meters of luxury-grade wood from a truck belonging to hotel and casino magnate Try Pheap in Kompong Thom province. Soth Mary, a division director for the Forestry Administration in the province, said yesterday that his staff stopped a truck ...

Sihanoukville struggles to shake its seedy image

This tourist town counts itself among the Most Beautiful Bays in the World Club and more than 1 million tourists each year are drawn to its tropical water and sandy shore. Yet when the U.S. Embassy last month warned its citizens to avoid some beaches ...

Ouch Sony and Simon Henderson
http://www.cambodiadaily.com/news/sihanoukville-struggles-to-shake-its-seedy-image-66108/

Sihanoukville gets a wake up call

Sihanoukville has long been a part of the government’s plan to develop the Southern coast as Cambodia’s next tourism hotspot after Siem Reap, and if recent arrival numbers are anything to go by it seems to be growing in appeal. However, as new property developers ...

George Styllis
http://www.phnompenhpost.com/real-estate/sihanoukville-gets-wake-call

Construction Projects Surge This Year

Total investment in new construction projects reached $1.53 billion through the first  eight months of the year, a 73.96 percent improvement compared to the same period last year, according to data released yesterday by the Ministry of Land Management, Urban Planning and Construction. Though the number of permits ...

Monks protest over institute

A group of about 100 people, including 50 or so monks, attempted to march yesterday to protest outside Phnom Penh’s Buddhist Institute, but were thwarted by droves of military police and district security guards on Sisowath Quay. No violence occurred as Independent Monk Network leader But ...

Chhay Channyda
http://www.phnompenhpost.com/national/monks-protest-over-institute

Naga 3 pushed back till Sept 2029

Hong Kong-listed casino operator and developer NagaCorp Ltd, known for its flagship NagaWorld integrated resort in Phnom Penh, on June 4 announced that it has moved the $3.5 billion Naga 3 project’s planned completion date from September 30, 2025 to exactly four years later, in ...

May Kunmakara
https://www.phnompenhpost.com/business/naga-3-pushed-back-till-sept-2029

Construction sector investment soars

Investment in the Cambodian construction sector reached US$1.38 billion in the first seven months of 2012, an 8s-percent rise over the same period last year, according to figures from the Ministry of Land Management, Urban Planning and Construction. During the January to July period this ...

Chinese leave Sihanoukville en masse following bust

Hotel and casino owners in Sihanoukville claim they have suffered immense losses and risk bankruptcy after Chinese investors, workers and tourists left the coastal city en masse following last month’s police arrest and extradition of 168 Chinese nationals accused of operating a transnational telecom extortion ...

Sor Chandara and Ayanna Runcie
http://www.phnompenhpost.com/business/chinese-leave-sihanoukville-en-masse-following-bust

Anco report flawed: auditor

The auditor who submitted a report used to convict a husband and wife of embezzling tens of millions of dollars from a company owned by the wife of a tycoon senator admitted yesterday that the quality of his audit was “poor”. The report was used ...

http://www.phnompenhpost.com/index.php/2012030954952/National-news/anco-report-flawed-auditor.html

Factory Owners Slam Government Over Handling of Strikes

Members of the Garment Manufacturers Association of Cambodia (GMAC) said during a conference Sunday that they are “fed up” with the government for not controlling strikes by labor unions. “All of us have the same issue: illegal strikes,” Van Porphin, a member of GMAC’s executive committee, ...

Colin Meyn and Aun Pheap
http://www.cambodiadaily.com/news/factory-owners-slam-government-over-handling-of-strikes-49352/

Economic Census Sheds Light on Businesses

The Ministry of Planning yesterday released the preliminary results of the 2011 economic census, which found that Cambodia has a total of 503,008 businesses nationwide, of which nearly 20 percent are based in Phnom Penh. The census, which began on March 1 and was financed ...

Sea Clashes Loom Over Southeast Asia Summit

Tiny Cambodia is emerging as a key pawn in the diplomatic struggle over one of the world’s busiest stretches of water: the potentially energy-rich South China Sea. The country of 15 million people is this year hosting a series of regional summits in which China’s claims ...

http://online.wsj.com/article/SB10001424052702304177104577308972320988892.html?mod=googlenews_wsj

New Association to Take on Illegal DVD Sales

The Motion Picture As­sociation of Cambodia (MPAC), an independent body that aims to protect intellectual property, officially opened its doors Wednesday, vowing to put an end to the sale of pirated DVDs in Phnom Penh as its first order of business. “We are goingto serve everybody ...

Ben Woods
http://www.cambodiadaily.com/news/new-association-to-take-on-illegal-dvd-sales-48122/

Caught up in the middle

Sheltering under a blue tarpaulin amid dense woodland in Cambodia’s Cardamom Mountains, Nhean* sits and waits for night to fall after a long day scouring the protected forest for luxury timber. He says he works for a broker who is a supplier to one of Cambodia’s ...

May Titthara
http://phnompenhpost.com/national/caught-middle

Ministry of Environment decides to move office again

The Ministry of Environment will relocate its offices to a plot of land near NagaWorld Hotel and Casino in Phnom Penh’s Chamkar Mon district after its planned new headquarters in Meanchey district were declared too far from the city’s center by the new environment minister, ...

Khy Sovuthy
http://www.cambodiadaily.com/news/ministry-of-environment-decides-to-move-office-again-53144/

Ambition Trumps Reality in Investment Figures

Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up lux­ury hotels, a new airport and even Cam­­bo­dia’s first horse racing venue. But a closer look at the list of in­vestments approved by the Cam­bodian ...

http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/

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