Buying property by installment on the increase
The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...
National Road 1 prices on the rise
Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. The land that surrounds National Road 1 can be divided into three locations according to the ...
http://www.phnompenhpost.com/index.php/Real-Estate/national-road-1-prices-on-the-rise.html
Journalist Lied Villagers Claim
More than 300 families embroiled in a land dispute with notorious, and now defunct, NGO Darpo said yesterday that they had filed complaints to the Preah Vihear Provincial Court on Wednesday accusing a Koh Santepheap reporter of disinformation and calling for his arrest and $4,000 ...
Millers need greater access to credit: Govt
The Ministry of Commerce and bank officials announced yesterday that they will hold a meeting next month aimed at better facilitating rice millers’ access to credit. The move is part of the Asian Development Bank’s Climate Resilient Rice Commercialization Sector Development program to address food security ...
http://www.phnompenhpost.com/2013031161863/Business/millers-need-greater-access-to-credit-govt.html
Workers at Factories Supplying Major Brands Continue Protests
About 3,000 garment workers from two factories that supply clothes to international brands Levi Strauss, H&M and Gap continued protesting for higher wages yesterday in Phnom Penh’s Meanchey district, before marching to the Ministry of Social Affairs. Upon arriving at the ministry, workers employed by the ...
Australia Mine Company drills diamond in Cambodia
Renaissance Minerals Limited listed in ASX (Australian stock exchange under code: RNS) on June 26 announced the results of its first three drill holes from its inaugural diamond drilling program at the highly prospective Okvau Gold Deposit in Cambodia. An existing independent JORC-compliant indicated and inferred resource estimate has already been defined at the Okvau ...
Exports to China Fell 10% in First Six Months
Revenues generated from Cambodian exports to China fell by 10 percent in the first half of the year, according to figures released by the Ministry of Commerce last week. About $60 million worth of goods were exported from Cambodia to China between January and June, the ...
CEDAC plus honey makes for a sweet deal
Honey collectors from four provinces in Cambodia signed an agreement with the Cambodian Center for Study and Development in Agriculture (CEDAC) in order to bring more honey to the capital. CEDAC has encouraged farmers from four provinces – Preah Vihear, Kratie, Koh Kong and Mondulkiri – ...
Cooperatives Key to Help Farmers, Combat Hunger
The key to lifting people out of poverty could be found in the setting up of farming cooperatives, the country director of the World Food Program said on Friday, which was also World Food Day. Jean-Pierre de Margerie, country director of the World Food Program, said ...
PM urges action against unnamed firms
Prime Minister Hun Sen yesterday ordered officials to take action against unnamed companies he said were using the cover of night to illegally dredge sand from the Mekong River. Calling on Water Resources and Meteorology Minister Lim Kean Hor to lead the crackdown, Hun Sen also ...
http://www.phnompenhpost.com/2013012360929/National/pm-urges-action-against-unnamed-firms.html
First crop of stevia is successful: company
Stevia Nutra Corporation, a Canadian agro-company, said in a press release on Friday that the initial growing season of stevia, commonly known as sweetleaf, in Cambodia was successfully completed. The first harvest of high-quality stevia leaves has now commenced and samples have been prepared for testing ...
http://www.phnompenhpost.com/2013031861981/Business/first-crop-of-stevia-is-successful-company.html
National silk board planned
A national silk board (NSB) under the Ministry of Commerce is being planned to weave tighter regulations into the Kingdom’s silk industry, the lack of which has deterred investors and hurt its export potential, according to industry representatives. Minister of Commerce Cham Prasidh said last week ...
http://www.phnompenhpost.com/2013060366008/Business/national-silk-board-planned.html
Thousands expected to visit Kep sea festival
At least 20,000 tourists and travellers will participate in the so-called “sea festival” at the end of this year, officials at the Kep province tourism department said. The two-day event, which started in 2011 as a tourism booster for the country’s coasts and beaches, was cancelled ...
http://www.phnompenhpost.com/business/thousands-expected-visit-kep-sea-festival
Rubber price falls from 2012
Thanks to seasonal demand, the price of rubber has increased from 2012’s year-end prices. But it was still slightly lower than at this time last year, a rubber-plantation owner said yesterday. Mak Kimhong, president of the Cambodia Rubber Association and owner of the Chhop Rubber Plantation ...
http://www.phnompenhpost.com/2013031361907/Business/rubber-price-falls-from-2012.html
Cambodia Ups Minimum Wages for Workers
The Cambodian government on Thursday announced a higher minimum wage of U.S. $80 per month for garment and footwear workers but they were not impressed, vowing to continue a strike until it is raised to U.S. $100. A tripartite meeting between the government, unions and Garment ...
http://www.rfa.org/english/news/cambodia/wages-03212013185628.html
Ratanakkiri Clean Water Facility to Open in May
Ratanakkirri province’s first privately owned water treatment facility will begin to supply clean drinking water to thousands of households in Banlung City on May 1, but residents will have to pay a premium for its use, officials said yesterday. The $1.7 million facility being built ...
Rice Boss in Pre-trial Detention ‘13 Months’
The general director of a local rice wholesaler accused of defrauding business associates in a deal has lashed out at the judiciary – claiming delays in legal processing have left him imprisoned for 13 months without trial. Sovann Veasna is accused of cheating three businessmen ...
http://www.phnompenhpost.com/2013052465829/National/rice-boss-in-pre-trial-detention-13-months.html
$1M Damage as Blaze Guts Siem Reap Market
A fire sparked by an electrical fault ripped through the Doeum Kralanh market in Siem Reap City early Friday morning destroying 200 stalls and causing more than $1 million in damage, according to market traders and police officials. The 8,000-square-meter market in Kokchak commune housed a ...
http://www.cambodiadaily.com/news/1m-damage-as-blaze-guts-siem-reap-market-33787/
Court Upholds Verdict for Minister's Wife's Firm
The Court of Appeal yesterday upheld a verdict by Kompong Chhang Provincial Court over a land dispute in Konmpong Tralach district between a 70-year old woman and a company owned by the wife of the Minister of Industry, Mines and Energy over a 3,000-square-meter parcel ...
Kingdom to reach rice target
Following a considerable increase in Cambodia’s milled rice exports in the first four months of the year, Minister of Commerce Cham Prasidh said he was optimistic the Kingdom’s rice exports would reach the 2015 target of one million tonnes. With this year’s export figures notably higher ...
http://www.phnompenhpost.com/2013051065539/Business/kingdom-to-reach-rice-target.html