Maruhan Japan Bank buys stake in MFI
Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. ...
Acleda to Launch Banking Services in Burma
Acleda Bank announced on Sunday that it will expand its banking services into Burma by opening a microfinance institute there in January. ...
One Safe, Three Missing in Hydrodam Accident
PHNOM PENH – Authorities are searching for three missing construction workers at a Chinese hydroelectric dam in Pursat province, after pipes burst there on Saturday, causing a flash flood. One man, who had been fishing nearby and was thought missing, has been found “safe and alive” ...
http://www.voacambodia.com/content/one-safe-three-missing-in-hydrodam-accident/1557685.html
Angkor Wat site in danger: Deputy PM
In a rare acknowledgement of deforestation concerns, Deputy Prime MInister Sok An, chairman of the National Commission for UNESCO, said the widespread clearIng of forests around Angkor Wat was harmIng views of the historic temple complex. Sok An made the remarks In Siem Reap at a ...
http://www.phnompenhpost.com/index.php/2012120760153/National-news/temple-site-in-danger-dpm.html
Prasac inaugurates new HQ in Phnom Penh
Officials expressed optimism that microfinance institution Prasac would be able to attract more deposit placing clients, after the inauguration of its new headquarters in Phnom Penh’s Boeung Tompun district yesterday. Representatives from the National Bank of Cambodia and Prasac expect the new 10-storey building to enhance ...
http://www.phnompenhpost.com/Business/prassacs-new-hq-inaugurated.html
Yazaki Opens Auto Parts Factory in Cambodia
Japanese auto parts maker Yazaki Corp. opened a wire harness factory in Cambodia on Monday, which President Yasuhiko Yazaki said will create about 600 jobs in the country immediately. The $24 million plant is in Koh Kong Province about 270 kilometers southwest of Phnom Penh. ...
http://www.pddnet.com/news/2012/12/yazaki-opens-auto-parts-factory-cambodia
Residents ask PM to intervene in dispute
Villagers travelled from Poipet to Phnom Penh yesterday to seek the prime minister’s help in ending a land dispute with military police officials. About 30 villagers travelling on behalf of families from Banteay Meanchey province’s Poipet town gathered in front of Prime Minister Hun Sen’s home ...
http://www.phnompenhpost.com/2012122760494/National/residents-ask-pm-to-intervene-in-dispute.html
‘Guards are more than farmers in uniform’
Located in a humble, barrack-like building with small offices that are still under construction, Global Security Solutions enjoys the proximity to its biggest customer: Toll Royal Railways. The company not only provides security for embassies, but for petrochemical companies, hotels and airlines as well. Since the ...
http://www.phnompenhpost.com/2013010860663/Business/guards-are-more-than-farmers-in-uniform.html
FDI to grow small businesses in Cambodia
The recent growth of foreign direct investment (FDI) into the Kingdom will be a good opportunity to develop small- and medium- sized businesses, an official said yesterday. According to Hang Chuon Naron, deputy director of the National Economic Supreme Council and secretary of state at the ...
http://www.phnompenhpost.com/2013012260903/Business/fdi-to-grow-small-businesses-in-cambodia.html
Plans for 7-Eleven chain in Cambodia
Thailand’s biggest convenience store operator, CP All, plans to apply for licences to open 7-Eleven stores in countries including Cambodia by 2015, according to a Reuters news report yesterday. The other two countries are Myanmar and Laos, and the plan is part of CP All’s expansion ...
http://www.phnompenhpost.com/2013013161087/Business/plans-for-7-eleven-chain-in-cambodia.html
Land titles denied, villagers in Pursat claim
Student volunteers working as part of the government’s land titling scheme are again being accused of refusing to measure land – this time in Pursat province – because they say those living there have done so illegally, according to villagers. Villagers in Bakan district said the ...
http://www.phnompenhpost.com/2013022061480/National/titles-denied-villagers-in-pursat-claim.html
About 100 Protest Electricity Prices in Mondolkiri
About 100 residents of Mondolkiri province’s Sen Monorom City protested outside the provincial hall on Monday, demanding that local authorities reduce the price of electricity in the city, officials said yesterday. Choeng Sochantha, director of the provincial administration office, said the protestors demanded that the price ...
Foreign investment in Cambodia’s property rises
Property experts say foreign companies are coming to invest in Cambodia’s property sector, as they see the growth and potential of the Kingdom. Sung Bonna, director of Bonna Realty Group, said that the number of foreign companies in the sector has grown, and most are from ...
New Year’s price hikes kick in
As many flock to their hometowns today to celebrate Khmer New Year, complaints of price hikes and border bribes have started pouring in like clockwork. Passengers arranging transport to the provinces told the Post yesterday that bus companies and taxies had raised their prices despite a ...
Hun Sen praises local investors in Cambodia
Prime Minister Hun Sen lauded the capability of local Cambodian investors who can build factories by their own efforts on May 14 during the inauguration ceremony of the US$-60 million Cambodia Beer Factory, which is totally owned by Cambodians. ...
CPP Claims 72% of Seats In Communes
The CPP yesterday declared victory in Sunday’s commune election, saying it had taken 72 percent of the country’s commune councilor seats and all but 41 of the country’s 1,633 powerful commune chief positions. The SRP in turn said it took 19 percent of the available councilor ...
RCAF general’s case back in court
The Supreme Court yesterday conducted another hearing into the decade-old case of a three-star RCAF general found guilty in 2002 of owing more than US$50,000 for construction work. Presiding judge and vice-president of the Supreme Court Kong Srim said the court would make a final ruling ...
http://www.phnompenhpost.com/index.php/2012060556584/National-news/generals-case-back-in-court.html
Lawyer Asks to Participate in Shooting Probe
A lawyer representing the three victims of the Feb. 20 shooting of workers at a special economic zone (SEZ) in Svay Rieng province has written to investigators asking to be allowed to participate in the case. Chin Lyda, a lawyer for human rights group Licadho who is representing the three ...
Clinton will attend ASEAN meet in Cambodia
WASHINGTON: US Secretary of State Hillary ClINton said Tuesday that she will take part IN next month’s meetINg of Southeast Asian nations and regional powers IN Cambodia. ClINton met IN WashINgton with Cambodia’s foreign mINister, Hor Namhong, as the developINg nation prepares to host this year’s ...
http://www.channelnewsasia.com/stories/afp_asiapacific/view/1207288/1/.html
Rubber Prices Plummet Despite Increase in Exports
Revenues generated from rubber exports dropped 25 percent to $41 million in the first four months of the year compared to the same period in 2011, as rubber prices on the international market plummeted, according to data released yesterday by the Ministry of Commerce. While rubber ...