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New investment law to attract more investments

The New investment law is expected to make Cambodia an attractive destination for New investment and to improve the investment environment to keep the existing investments in the country. The law is currently in drafting stage and is expected to go online within this year, ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50743474/new-investment-law-to-attract-more-investments/

Telecom Cambodia workers protest over missing money

Dozens of employees of Telecom Cambodia protested outside the state-owned company’s head office in Phnom Penh on Monday over allegations that a manager pocketed $230,000 in payments from a private firm. ...

Sek Odom
https://www.cambodiadaily.com/news/telecom-cambodia-workers-protest-over-missing-money-93606/

Tourism cooperation with Thailand ‘speeding up’

Tourism officials in Cambodia and Thailand are accelerating efforts to link the two countries to create the most attractive single destination in the region, according to the Ministry of Tourism. ...

Chea Vannak
http://www.khmertimeskh.com/news/22476/tourism-cooperation-with-thailand----speeding-up---/

PPSP: No dividends but share buyback

The Cambodia Securities Exchange (CSX)-listed Phnom Penh SEZ Plc (PPSP) has announced that it will have no dividend distribution this year and will also be buying back company shares (at an undisclosed volume and value), according to documents filed to the exchange. ...

Harrison White
https://www.khmertimeskh.com/50773546/ppsp-no-dividends-but-share-buyback/

Vehicles seized as authorities intervene in land clearing operation

Stung Hav district administration intervened in a land clearing operation on disputed land in otres Commune on Saturday, seizing two vehicles as a warning to all parties to cease their activities until a final court verdict is reached. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/vehicles-seized-authorities-intervene-land-clearing-op

Thailand gives train engine to Cambodia

Thailand will provide a train engine to Cambodia for the transport of goods and tourists between the two countries, according to a government official. Thai Prime Minister Prayut Chan-o-cha made the promise to provide the train engine in response to efforts to increase trade and tourists ...

Chea Vannak
http://www.khmertimeskh.com/news/33101/thailand-gives-train-engine-to-cambodia/

Prayut makes his pitch for border investment

Thailand wants more Japanese businesses to expand their investment in Thailand, especially in government-promoted special economic zones (SEZs) that could be used as production bases once the Asean Economic. ​ The prime minister said Thai border trade of 900 billion baht a year could potentially grow ...

Lamonphet Apisitniran
http://www.bangkokpost.com/business/news/615412/

Nine face charges in Kandal land dispute

Kandal provincial police arrested at least 30 people after a clash with protesters on September 12 over a land dispute at the new Phnom Penh International Airport construction site in Kandal Stung district’s Boeung Khyang commune. ...

Voun Dara
https://www.phnompenhpost.com/national/nine-face-charges-kandal-land-dispute

Moody’s Downgrades Acleda, Cites Risk

Ratings agency Moody’s changed its outlook on Acleda Bank’s financial strength yesterday to “negative” from “stable” and downgraded its rating of the bank’s local currency deposits to Ba2 from Ba1. The rating downgrade was applied due to changes in shareholders at the bank over the ...

Angkor Sankranti brings flood of tourists to Siem Reap

Siem Reap is gearing up for this year’s Angkor Sankranti from April 14 to 16 and hopes to attract more than the almost one million people who visited last year, with hotels and guesthouses already being booked out. Ang Seila, manager of Reserve and Duty at ...

Chea Vannak
http://www.khmertimeskh.com/news/23627/angkor-sankranti-brings-flood-of-tourists-to-siem-reap/

Probe under way on military logging case

The Anti-Corruption Unit (ACU) has launched an investigation into an october 2010 incident in which three RCAF soldiers allegedly opened fire on Forestry Administration officials who had just confiscated a haul of illegal wood, one of the officials involved said yesterday. An RCAF official, meanwhile, said ...

Phnom Penh City Hall hoping to turn garbage into electricity

The Phnom Penh Municipal Government on Thursday signed a memorandum of understanding (MoU) with Inter Far East Engineering Public Company Limited of Thailand to study the feasibility of turning the city’s waste into energy, according to a notice posted on the municipality’s website. ...

Ben Sokhean and Simon Henderson
http://www.cambodiadaily.com/news/phnom-penh-city-hall-hoping-to-turn-garbage-into-electricity-60724/

NagaCorp To Build Underground Retail Center In Phnom Penh

Nagacorp will build an underground road and retail space linking its casino complex in Phnom Penh to nearby Koh Pich, according to the announcement released by City Hall yesterday. The underground road, which will be 23 meters wide and 447 meters long, will connect to National ...

http://www.cambodiadaily.com

Thai farmers again encroach on Cambodian land

Border police in Banteay Meanchey province were unable to stop 30 Thai farmers from plowing land inside Cambodia territory on Monday and had to wait for Thai officials to arrive and order the farmers back across the border, according to local officials. Prak Sarath, deputy commander ...

Khuon Narim
http://www.cambodiadaily.com/news/thai-farmers-again-encroach-on-cambodian-land-65267/

Police arrest another Russian over casino brawl in Sihanoukville

A Russian man wanted for his involvement in a violent brawl at Sihanoukville’s queenco casino in February was arrested and jailed Tuesday evening after leading more than 20 police on an hour-long motorbike chase through the coastal town, officials said. ...

Ben Sokhean
https://www.cambodiadaily.com/news/police-arrest-another-russian-over-casino-brawl-in-sihanoukville-81138/

Cluster model to entice SEZ investors

Kerry WorldBridge Logistics SEZ, which is developing a 63-hectare industrial park and free trade zone 17 kilometres south of the capital in Kandal province, has taken on a new partner to design and create an “industry and technology cluster” aimed at attracting non-garment manufacturing investment ...

Kali Kotoski
http://www.phnompenhpost.com/business/cluster-model-entice-sez-investors

Gaming Company Posts Record Quarter of $5.2M

Entertainment Gaming Asia Inc. (EGA), which owns a number of casinos in Cambodia, as well as provides gaming machines to other local gambling venues, announced on Tuesday that quarterly revenues from April through June reached a record $5.2 million, up 14 percent compared to the ...

10 nests of 'near threatened' grey-headed fish eagle recorded in Cambodia in October

Rangers at the Boeung Tonle Chhmar Ramsar site bordering the Tonle sap Lake in Kampong Thom province found 10 nests of the grey-headed fish eagle in october during its nesting season, bringing fresh hope for conservationists. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/10-nests-near-threatened-grey-headed-fish-eagle-recorded-cambodia-october

Chinatown location still unknown

Historic o’Russey Market will not be the location of a planned Chinatown development, according to Cambodia’s Tourism Minister. Tourism Minister Thong Khon said the government was looking for another site for the tourism-focused development and that o’Russey Market was not under consideration, as had recently been ...

Post Staff
http://www.phnompenhpost.com/real-estate/chinatown-location-still-unknown

Striking Casino Workers Court Ordered Back to Work

The Banteay Meanchey provincial court has ordered casino workers in a border town to resume work, following a five day strike over poor working conditions. The provincial court judge, Pich Vicheathor, told workers they must resume their work or be fired, workers said. The workers say ...

http://www.voacambodia.com/content/striking-casino-workers-court-ordered-back-to-work/1563653.html

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