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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

Property prices remain flat in Phnom Penh

Despite signs that demand is starting to come back to the real estate sector, an oversupply in the market has kept prices for commercial and residential properties in Phnom Penh flat over the past 12 months, according to data from Bonna Realty Group. Prices for commercial ...

PM weighs in on China debt debate

Prime Minister Hun Sen yesterday added his two cents to the ongoing debate on what Cambodia’s debt to China actually is, declaring it stands at only US$2 billion. At a ground-breaking ceremony marking the beginning of construction on Phnom Penh’s Cambodia-China Friendship Bridge, the premier rejected ...

http://www.phnompenhpost.com/index.php/2011110352522/National-news/pm-weighs-in-on-china-debt-debate.html

Maid deaths hit nerve in Kuala Lumpur

A Malaysian parliamentarian has lashed out at his own government and police for their “callous approach” in failing to take proper action in response to the deaths of nine Cambodian domestic workers in their country this year, Charles Santiago, a member of the opposition Democratic Action ...

http://www.phnompenhpost.com/index.php/2011111152707/National-news/maid-deaths-hit-nerve-in-kl.html

Chinese bank launches branch in Phnom Penh

The Industrial and Commercial Bank of China (ICBC) launched its first branch in Cambodia yesterday, bringing the total number of commercial banks in the country to 30. Speaking at the inauguration of the branch in Phnom Penh, Finance Minister Keat Chhon made an appeal to ICBC ...

Courts step up charges in land disputes

The number of criminal charges meted out to villagers embroiled in land disputes rose by more than 50 percent in 2011 compared to the previous year, according to figures released by the rights group Adhoc yesterday. The rights group found that the courts charged 475 villagers ...

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