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Ha Tien Vegas Casino closes due to bankruptcy

Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...

http://thesoutheastasiaweekly.com/?p=5267

Cambodia attracts $2.28 bln investment projects last year: gov't report

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

http://news.xinhuanet.com/english/business/2013-01/29/c_132136638.htm

Incitement, Disinformation Suit Filed Against Rights Worker

A commune official in Pursat province’s Veal Veng district has filed a lawsuit accusing a human rights worker of incitement and disinformation after villagers the NGO staffer spoke to traveled to Phnom Penh to protest over a land dispute involving a well-known businessman Try Pheap. Pursat ...

http://The Cambodia Daily

Huawei withdraws injunction

Huawei Technologies (Cambodia) Co agreed yesterday to withdraw its injunction against Mfone in order to pave the way for a court-appointed administrator to sell the bankrupt company’s assets and compensate its many creditors. Along with other creditors, Huawei representatives expressed concerns that the assets would ...

http://www.phnompenhpost.com/2013040964953/Business/huawei-withdraws-injunction.html

Water investors criticise return

Holders of shares in the Phnom Penh Water Supply Authority (PPWSA) have criticised the level of dividend payment that they will receive from the company. PPWSA, which is the only company listed on the Cambodia Securities Exchange (CSX), was to pay its first dividend to 1,500 ...

Hor Kimsay
http://www.phnompenhpost.com/2013041165029/Business/water-investors-criticise-return.html

Boeung Kak Resolution Speeds on

Responding to a new plan put forward by members of the Bo­eung Kak community and NGOs last month, Phnom Penh Municipal Hall announced on Friday that it had drawn up a list of all families who remain excluded from the 12.44 hectares Prime Minister Hun ...

http://www.phnompenhpost.com/2013061066166/National/boeung-kak-resolution-speeds-on.html

Flash floods hit parts of Cambodia, killing seven people

Flash floods have been hitting some parts of three provinces in Cambodia and have claimed seven lives so far, officials said Monday. Keo Vy, chief of the Cabinet of National Committee for Disaster Management (NCDM), said northwestern Banteay Meanchey and Preah Vihear provinces as well as ...

http://news.xinhuanet.com/english/world/2013-08/12/c_132624526.htm

First hedging deal transacted

ANZ Royal Bank has transacted a landmark commodities hedging deal with a local oil importer, officials at the bank said yesterday. The deal allows the company, whose name ANZ Royal would not disclose, citing confidentiality agreements, to lock in an agreed price for the future sale ...

Daniel de Carteret
http://www.phnompenhpost.com/business/first-hedging-deal-transacted

Cambodia's national airline launches daily flights to China's Guangzhou City

SIEM REAP, Cambodia, Sept. 26 (Xinhua) — National flag carrier, Cambodia Angkor Air (CAA) began regular flights to Guangzhou City in China’s Guangdong province on Thursday, aiming at attracting more Chinese travelers to Cambodia, a company’s senior official said. China is the third largest source ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/26/c_132752788.htm

Air China launches Beijing-Cambodia's Siem Reap direct flight

Air China has started to operate direct flights between China’s Beijing and Cambodia’s Siem Reap province, aiming at further promoting tourism and economic ties. Its first flight landed at the Siem Reap International Airport at Sunday night with 115 passengers onboard. Cambodia greeted 339,890 Chinese ...

Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-12/02/c_132934784.htm

Capital governor declares moratorium on dredging

Phnom Penh municipal governor Pa Socheatvong has ordered a complete suspension of all sand-dredging activities while the municipality investigates whether the companies are operating illegally, a spokesman said. The order came during a meeting yesterday between the governor and his subordinates, City Hall spokesman Long Dimanche ...

http://www.phnompenhpost.com/national/capital-governor-declares-moratorium-dredging

Fund report lacking, BBC show claims

An investigation by BBC news program Panorama into the misuse of Global Fund aid to Cambodia has claimed that the Fund “watered down” a report released last month, which exposed a network of corruption in Cambodia’s health sector. But Panorama, which obtained a leaked copy of the original ...

Daniel Pye
http://www.phnompenhpost.com/national/fund-report-lacking-bbc-show-claims

Official blames villagers for deforestation

Government officials yesterday laid the blame for Cambodia’s deforestation on villagers gathering firewood. “Every day, they need fuel for cooking – that’s a lot of logging,” Chheng Kimsun, director general of the Forestry Administration, said at a workshop aimed at addressing sustainable forest management. Gathered at the ...

Phak Seangly and Laignee Barron
http://www.phnompenhpost.com/national/official-blames-villagers-deforestation

NGOs push for more international pressure

Civil society groups yesterday urged the international community to put more pressure on the government to ensure the safety of prisoners arrested in recent crackdowns and to prevent further police and military violence against civilians. At a press conference yesterday morning, images of soldiers beating and ...

Sean Teehan and May Titthara
http://www.phnompenhpost.com/national/ngos-push-more-international-pressure

Cambodian opposition said to be seeking compromise with PM

Cambodia’s opposition has been in talks with Prime Minister Hun Sen to find a deal to end the political crisis caused by last year’s disputed general election and a compromise may be near, two analysts briefed on the matter said. Opposition leader Sam Rainsy and his ...

Prak Chan Thul
http://uk.reuters.com/article/2014/01/15/uk-cambodia-election-idUKBREA0E0H420140115

A New Royalist Party Would Have Little Hope, Analysts Say

Cambodian political analysts say a new royalist party would have little hope of success. Prince Norodom Ranariddh, who once led Cambodia’s dominant post-war political party, Funcinpec, told VOA Khmer on Monday he plans to launch a new royalist party for commune elections later this year and ...

Heng Reaksmey
http://www.voacambodia.com/content/a-new-royalist-party-would-have-little-hope-analysts-say/1859956.html

Firm plans more bus lines

Chinese firm Global (Cambodia) Trade Development will launch several more city bus lines in Phnom Penh over the next 10 months, dramatically expanding what has so far been a successful experiment to introduce mass transit to the capital, the company and state media said yesterday. Lin ...

Vong Sokheng
http://www.phnompenhpost.com/national/firm-plans-more-bus-lines

Assembly back, CNRP not

The Kingdom’s fifth National Assembly is to open its second session today, more than six months after the opposition party boycotted the inauguration of parliament on September 23 and left 68 Cambodian People’s Party lawmakers to swear-in at the Royal Palace on their own. According to ...

Meas Sokchea
http://www.phnompenhpost.com/national/assembly-back-cnrp-not

Laos draws ire of neighbors with Mekong River dam plans

Laos will push ahead with its ambition to become the “battery of Southeast Asia,” planning a Mekong River dam that has drawn opposition from neighbors and threatens to involve China and the U.S. Four Mekong River nations are scheduled to meet June 26-27 in Thailand to ...

Bloomberg News Staff
http://www.businessweek.com/news/2014-06-03/laos-draws-ire-of-neighbors-with-mekong-river-dam-plans

Trade unions approve minimum wage, draft law proposals

Representatives from 25 trade unions Monday sent a request to the Ministry of Labor seeking several changes to a controversial draft union law and asking that a new $160 monthly minimum wage for the country’s volatile garment sector take effect in October. Garment factory owners say ...

Hul Reaksmey
http://www.cambodiadaily.com/news/trade-unions-approve-minimum-wage-draft-law-proposals-64044/

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