Firm Given Rights to All ELC Timber in Ratanakkiri
The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...
http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/
Herbalife to operate in capital
Herbalife Ltd, a global nutrition company whose business practices are being challenged in a US court and whose marketing strategies have been the subject of public criticism, will officially open a six-storey distribution centre in Phnom Penh today, according to the New York Stock Exchange-listed ...
Daniel de Carteret
http://www.phnompenhpost.com/business/herbalife-operate-capital
Vattanac Capital preparing for eventful 2014
Phnom Penh’s growing importance as a business destination has brought with it many opportunities and infused the market with a growing sense of ambition. Few developments embody this new ambition better than Vattanac Capital Tower, which will throw open its doors this spring. “Cambodia’s seen nothing ...
Nalin Viboonchart
http://www.phnompenhpost.com/real-estate/vattanac-capital-preparing-eventful-2014
Thai company shelves Kampot cement project
Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive. Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said ...
Rann Reuy and May Kunmakara
http://www.phnompenhpost.com/business/thai-company-shelves-kampot-cement-project
Delays continue to constrain launch of Cambodia Airlines
For Cambodians aspiring to a career in aviation, this weekend looks promising. Almost seven months after its formal establishment, Cambodia Airlines is hosting a career fair in Phnom Penh. The airline is moving forward by looking for staff – from captains, first officers and cabin crew ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/delays-continue-constrain-launch-cambodia-airlines
Death Threat Made Against CNRP’s Social Media Activist
Thy Sovantha is accustomed to being threatened on Facebook. But the 19-year-old CNRP youth activist, who became something of an online celebrity through the popular opposition Facebook page “I Love Cambodia Hot News,” says the latest threat against her, in which a copy of her passport ...
Kuch Naren
http://www.cambodiadaily.com/news/death-threat-made-against-cnrps-social-media-activist-51124/
Aeon microfinance booms with mall on horizon
When Sor Songheng, a manager for an accountancy firm, wanted to replace his cheap Nokia phone a few months ago, he set his heart on a top-of-the-line iPhone 5S worth $780—nearly his entire monthly salary of $800. But instead of scrimping and saving for months to ...
George Styllis
http://www.cambodiadaily.com/news/aeon-microfinance-booms-with-mall-on-horizon-58122/
Rubber prices tumble as industry panics
Cambodia’s steadily declining rubber prices have hit critically low levels that are destined to only get worse as Thailand prepares to offload huge rubber stocks, the secretary-general of the Association for Rubber Development of Cambodia said Thursday. As the price of natural rubber has paralleled a ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/rubber-prices-tumble-as-industry-panics-58889/
Handbook on investing in Cambodia launched
FacebookTwitterEmailShare“Handbook on Investing in Cambodia” has been launched as a practical guide for foreign investors looking for opportunities in the Cambodian market, with a particular focus on the 2021 Law on Investment. ...
Khmer Times Staff
https://www.khmertimeskh.com/501322858/handbook-on-investing-in-cambodia-launched/
New Project Aims to Help Small Businesses in Cambodia
A new project by the government and Japan’s aid agency seeks to assist small companies in Cambodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries. The aim of the two-year program, called “Strategic Strengthening ...
Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/business/new-project-aims-to-help-small-businesses-in-cambodia-41534/?utm_source=rss&utm_medium=rss&utm_campaign=new-project-aims-to-help-small-businesses-in-cambodia
EU clarifies rice comments
While the European Union Trade Commissioner Karel De Gucht never told the Ministry of Commerce that Cambodian rice was “30 per cent” mixed with the same product from Vietnam, he did say Cambodia had to better ensure that its harvest was homegrown and not from ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/eu-clarifies-rice-comments
Mekong villagers wary of Xayaburi dam
Fishermen bring their boats to shore, pack away their traps and hand over the day’s catch to their awaiting families on the banks of the Mekong River in Kratie province’s Chitra Borei district. “When my husband arrives home each day, we eat some of what he ...
Land Is Life, and It’s Slipping Away
Nean Narin, a humble man and father of three children, says his family is going hungry. Narin lives in the village of Boeung Kak, situated on the edge of Cambodia’s capital, Phnom Penh. For years, he and other villagers relied on the Boeung Kak Lake ...
New Mortgage Program Helps Cambodia's Poor Find Better Homes
If you’ve applied for a mortgage recently, you know how hard it can be. The bank demands all kinds of obscure documents and wants proof of almost every asset you own. But an innovative mortgage program halfway around the world will evaluate your application without ...
http://www.wbur.org/npr/176121367/new-mortgage-program-helps-cambodias-poor-find-better-homes
Maids set to work abroad, but safety fears linger
After a three-year moratorium on sending maids overseas—sparked by a spate of serious abuses by recruiters and employers—momentum is building to once again send hundreds of thousands of Cambodian women to work overseas as domestic servants. Since Prime Minister Hun Sen shut down the industry in ...
Matt Blomberg
http://www.cambodiadaily.com/news/maids-set-to-work-abroad-but-safety-fears-linger-58853/
Mystery Surrounds Ratanakkiri’s First Special Economic Zone
Construction of a special economic zone (SEZ) near the Vietnamese border in Ratanakkiri province’s eastern O’Yadaw district is on track, but who exactly will avail of the facility and its services remains a mystery—even for senior provincial officials. The latest announced venture of agro-industry land concession ...
CNRP to Forge Ahead With ‘Camp-In’ Despite Prohibition
The opposition CNRP said Thursday it is forging ahead with plans to hold a three-day demonstration, which the party has dubbed a “camp-in,” despite a letter from the Ministry of Interior that says the protests can only go on for one day. The Interior Ministry letter, ...
Colin Meyn
http://www.cambodiadaily.com/elections/cnrp-to-forge-ahead-with-camp-in-despite-prohibition-42242/
Rainsy Says King Has Not Set Date for Assembly
Opposition leader Sam Rainsy said Tuesday he refused to believe King Norodom Sihamoni had officially announced the date he will open the National Assembly later this month, despite the King having signed a letter announcing he would convene the inaugural session on September 23. Speaking to ...
Alex Willemyns and Khuon Narim
http://www.cambodiadaily.com/elections/rainsy-says-king-has-not-set-date-for-assembly-42120/
Wife of Pailin Governor Reaps Benefits From Casino Deal
Venturing into Cambodia’s casino market in May 2011, Macau-backed gambling firm Entertainment Gaming Asia (EGA) promised tens of thousands of dollars to the wife of Pailin’s provincial governor in order to lease land for the construction of a new casino, documents filed with the U.S. ...
Simon Lewis and Hul Reaksmey
http://www.cambodiadaily.com/news/wife-of-pailin-governor-reaps-benefits-from-casino-deal-40660/
EU Under Fire for Policy Linked to Land Grabbing in Cambodia
KAMPONG SPEU PROVINCE— Three years ago, Pao had a farm and a charcoal stove near a stream in a community called Omlaing in western Cambodia. The farm gave her rice, charcoal sales gave her extra income and the nearby forest provided edible and medicinal plants. Pao ...
The Irrawaddy News Magazine Staff
http://www.irrawaddy.org/archives/44202