High interest rates on loans remain a big hurdle for Cambodian farmers
Sitting in front of her small house in the Chey Thorn commune of Kandal province, 35-year-old Sokhun’s face is etched with worry. She would like to plant crops on her four hectares of land, but she only has enough money to cultivate two of them. She could go to a microfinance finance institution ...
Sentencing swift in pic ripping case
Less than 36 hours after Wang Zia Chao provoked a strike by destroying two photos of the late King Father in front of hundreds of Cambodian garment workers, the Chinese factory manager was booked, charged and convicted by the Phnom Penh Municipal Court, which last ...
Mfone transfer questioned
Although Mfone subscribers are due to transfer their accounts to Mobitel today, the Post has learned that telco provider Huawei Technologies (Cambodia) is still waiting for a court to rule on the legality of the transaction. Huawei’s lawyer, Kuoy Thunna, filed a letter late last month ...
http://www.phnompenhpost.com/2013020661207/Business/mfone-transfer-questioned.html
Men Questioned After refusing To Hand Over Student Donation
Authorities in Battambang province on Saturday summoned two villagers from Salmot district’s Ta Sanh commune after they refused to hand over money to officials asking for donations to feed students working in the area as part of the government’s nationwide land titling project. Heng ...
No Information on World Bank Bribery Allegations in Cambodia
More than a week after the World Bank blacklisted a Canadian construction firm over bribes allegedly paid in Cambodia and Bangladesh, it was still unclear Thursday whether the government, or the national anticorruption body, are investigating the allegations. SNC-Lavalin Inc. was banned from World Bank contracts ...
Arbitration Court Backs Government in Power Deal with US Firm
The government has won an arbitration case in a World Bank court, successfully countering a $300 million claim made by a U.S based company over a failed power plant project dating back to 1996. According to a statement from the Council of Ministers’ Press and Quick ...
Banong Families Receive Communal Land Titles
More than 70 ethnic minority Banong families from two separate villages in Moldolkirri province’s Keo Seima district received communal titles to a combined 1,031 hectares of ancestral land from the Land Management Minister Im Chhun Lim on Saturday. Communal land titles were established under the 2001 ...
Families in Land Dispute With City Detained for Questioning
Three men locked in a land dispute with Phnom Penh authorities were questioned both by the police and the municipal court Wednesday after they were accused of destroying property on land the government has swapped with a private firm. Ly Bun Heang, said that he, his ...
http://www.cambodiadaily.com/news/families-in-land-dispute-with-city-detained-for-questioning-32193/
Blackouts tell tale of two cities
It is barely dawn in the quiet suburb of Phnom Penh Thmey, but already the silence has been pierced by the cacophony of generators. On some streets, nearly every household has one of the machines burning through diesel in a bid to fill their basic electricity ...
http://www.phnompenhpost.com/2013032764725/National/blackouts-tell-tale-of-two-cities.html
Credit growth in Cambodia's banking sector slightly up in 1st two months
Cambodia’s banking industry recorded a slight increase in lending in the first two months of this year after a sharp rise last year, according to a consolidated data provided by the National Bank of Cambodia (NBC) on Saturday. The data showed that the kingdom’s 33 commercial ...
http://www.asean-china-center.org/english/2013-04/28/c_132347546.htm
Robust Recovery Continues
Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...
http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html
Demand for Gold Rises as World Price Falls
Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...
http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/
Cash for Siem Reap Market Repair to Come From National Budget
A $300,000 sum to repair Siem Reap City’s fire-ravaged Doeum Kralanh market, originally billed on Monday as a donation from Prime Minister Hun Sen, will actually be taken from the national budget, according to a senior ruling-party official. Less than three weeks before the July 28 ...
Water Authority Share Price Hits New Low
The usually static share price of the Phnom Penh Water Supply Authority (PPWSA), still the only company listed on the Cambodia Securities Exchange (CSX), fell Monday to its lowest price since it began trading more than two years ago. At the close of business Monday, the ...
Hul Reaksmey
http://www.cambodiadaily.com/business/water-authority-share-price-hits%E2%80%88new-low-42002/
CNRP Assured of No Roadblocks During Demonstration
Opposition CNRP lawmaker-elect Mu Sochua last night emerged from a meeting with Phnom Penh City Hall representatives proclaiming that she had the assurance of the Municipal police chief that there would be no roadblocks in or around Phnom Penh during the opposition’s three-day demonstration starting ...
Khuon Narim and Matt Blomberg
http://www.cambodiadaily.com/elections/cnrp-assured-of-no-roadblocks-during-demonstration-45698/
Rabies still a public health hazard in Cambodia: WHO
PHNOM PENH, Sept. 27 (Xinhua) — The World Health Organization ( WHO) said Friday that rabies was still a public health hazard in Cambodia and called for broad vaccinations for dogs to prevent the disease. “Rabies is highly endemic and a noticeable disease in Cambodia, ” ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/health/2013-09/27/c_132756196.htm
Mfone’s Assets Sold For Hugely Reduced Price
The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...
Aun Pheap
http://www.cambodiadaily.com/business/mfones-assets-sold-for-hugely-reduced-price-46861/
Regulator to Review Minimum Prices for Calls
An official at the Telecommunication Regulator of Cambodia (TRC) said Wednesday that the body plans to review and possibly lower the current minimum price per call after it recently ordered the country’s seven mobile phone operators to abide by a law that sets minimum call ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/regulator-to-review-minimum-prices-for-calls-48616/
Study charts AIDS progress
Cambodia’s decline in HIV/AIDS mortalities has made it a regional anomaly, according to a new study published today by a global health research centre at the University of Washington. While HIV/AIDS remains a leading cause of disease burden in Malaysia, Myanmar, Thailand and Vietnam, and mortality ...
http://www.phnompenhpost.com/national/study-charts-aids-progress
Gaming outfit reports loss
Entertainment Gaming Asia Inc (EGA), a NASDAQ-listed company that supplies NagaWorld Casino with slot machines and operates casinos in Poipet town and Pailin province, reported a net loss of $385,000 from continuing operations in the second quarter of 2013, according to a statement from the ...
http://www.phnompenhpost.com/business/gaming-outfit-reports-loss