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CSX trade volume plummets 92 per cent in third quarter

Trade volume at the nascent Cambodia Securities Exchange (CSX) in the third quarter of this year was down 92.1 per cent on the second, the Securities Exchange Commission of Cambodia (SECC) Securities Trading Statistical Bulletin said on Tuesday. ...

May Kunmakara
https://www.phnompenhpost.com/business/csx-trade-volume-plummets-92-cent-third-quarter

Official Arrested After Blocking Land Program

The former deputy administration director from Kratie province was arrested yesterday, accused of incitement for interfering with the work of student volunteers in Prime Minister Hun Sen’s land-titling project, an official said. Chin Hongsry, 60, is accused of undermining the volunteers by telling the villagers to ...

Luxury Hotel Resort Threatens Bokor Mountain's Biodiversity

An ongoing project to build hotels, luxury villas and a casino on Kampot province’s Bokor Mountain is a threat to the area’s unique animal and plant species, according to two new studies. Local conglomerate Sokimex Group has been granted property development rights on the entire mountain, ...

Huge Crowd at the Royal Palace Proves Logistical Challenge

With an estimated 1 million people- 10 times more than Phnom Penh authorities had expected- lining the streets yesterday for the arrival of Norodom Sihanouk’s remains, legions of police, medics, and street sweepers were working behind the scenes to make sure everything went smoothly. National Police ...

UN Security Council vote up

Cambodia will know by the early hours of tomorrow whether its bid for a seat on the UN Security Council has been a success. The Kingdom is up against South Korea – the home country of UN Secretary-General Ban Ki-moon – and Bhutan for the Asia-Pacific ...

http://www.phnompenhpost.com/index.php/2012101859285/National-news/un-security-council-vote-up.html

One Million Line the Streets in Final Farewell to King Father

The late King Father Norodom Sihanouk made his final journey back to Cambodia yesterday to be greeted by an estimated 1 million people who lined the streets in reverential silence to witness the return of the country’s much-loved monarch. Cambodians of all ages stood silently on ...

Cambodia could tap up to 10,000 MW from hydroelectric dams

Cambodia has great potential in hydropower development and the country could build and tap up to 10,000 megawatts from hydropower dams, said an energy official on Thursday. “At the present, about 10 percent of the hydropower potential is under construction,” Heng Kunleang, chief of the energy ...

http://www.globaltimes.cn/content/750009.shtml

Drought hampers rice cultivation in Cambodia

Cambodia has cultivated 1.93 million hectares of land, only 82 percent of its 2.36 million hectare target, due to a delay in monsoon rains which hampered rice sowing in the country, according to a media release from the Ministry of Agriculture on Sunday. The report said ...

http://www.globaltimes.cn/content/727767.shtml

Hun Sen Announces Tax on Land Concessions

Prime Minister Hun Sen on Friday amended a directive on economic land concession (ELC) taxes, which will mean that owners of agricultural ELCs must pay tax of $5 on every hectare of land after the fifth year of ownership, according to the Council of Ministers. Mr. ...

Banong Families Receive Communal Land Tiles

Seventy-two ethnic minorities Banong families received communal titles to a combined 1,008 hectares of ancestral land in Mondolkiri province yesterday morning in a ceremony attended by Land Management Minister Chhun Lim. Communal titles were designed to protect the ancestral lands of the country’s minorities from outside ...

http://www.cambodiadaily.com

Milled rice exports gaining traction

The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...

http://www.phnompenhpost.com/index.php/2012042455728/Business/milled-rice-exports-gaining-traction.html

Number of Condominiums Grows in Phnom Penh

The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia. The firm said that the majority of the new units came from the completion of 10 ...

Rice Production Down Due to Limited Rainfall, Report Says

After rising significantly in recent years, Cambodia’s rice production will fall this year because of a shortage of rain, the U.N. Food and Agriculture Organization (FAO) said in a new report. In its second quarter Rice Market Monitor report for 2012 published on Monday, the FAO ...

Factory workers complain over low wages

Factory workers complain that their low salaries are not keeping track with the price of goods and services. Phoeun Sreyleak, 20, said she gets $70 a month including bonuses for health care and rent. “My basic wage is only $58,” she said. “My friend gets 2,000 riel ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=NTgwYjBiZDU0MGY2NDQ2NWM3NDg1MjI3OGE4Yjg1

Cambodia Sees Massive Foreign Investment Growth in 2012

Investment in Cambodia from overseas surged by at least 44 percent last year, according to an estimate from the central bank, despite figures suggesting a reduction in the overall flow of foreign currency into Southeast Asian economies. Nguon Sokha, director-general of the National Bank of Cambodia, ...

http://www.cambodiadaily.com

Families ask PM to help end dispute

About 500 families from three communes in Siem Reap province’s Chi Kraeng district are seeking the prime minister’s intervention in a dispute with a rubber company over 1,000 hectares of land. Siem Reap provincial governor Chan Sophal said on Wednesday that Cambodian People’s Party lawmaker Seang ...

http://www.phnompenhpost.com/index.php/2012050455969/National-news/letter-to-premier-families-ask-pm-to-help-end-dispute.html

PPWSA slide continues, as price sees correction

Sellers have dominated the Cambodia Securities Exchange for the last seven days of trading, and the downward trend for the single stock, Phnom Penh Water Supply Authority, was expected to continue into next week, experts said. PPWSA closed down 4.6 per cent yesterday at 7,250 riel ...

http://www.phnompenhpost.com/index.php/2012050455963/Business/ppwsa-slide-continues-as-price-sees-correction.html

Land Project Sees Second Bribery Suspension

A second police official in Ratanakkiri province has been suspended on suspicion that he demanded money from villagers so that their names could be included on a list of people eligible for land titles as part of Prime Minister Hun Sen’s new titling program, police ...

ASEAN Post Ministerial Conference Focuses On Mutual Benefits

The ASEAN Post Ministerial Conference (PMC) 10 + 1 Session with 10 ASEAN’s Dialogue Partners, namely, Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, the Republic of Korea, the Russian Federation, and the United States of America were held in Phnom Penh, Cambodia, on 11 July 2012. They focused on cooperation ...

http://thesoutheastasiaweekly.com/

WWF Says Work on Dam in Laos Mocks Mekong Accord

The Lao government’s refusal to halt the construction of a controversial mainstream Mekong dam is “making a mockery” of an agreement between the four Mekong countries, international conservation group World Wildlife Fund (WWF) said yesterday. Though Laos had agreed in December to suspend construction of the ...

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