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Tourism Revenues Rise; Firms Urged to Buy Locally

Revenues from the tourism sector increased 7 percent to $1.91 billion in 2011, though more could be made if hotels sourced more goods from local producers instead of importing from abroad, Tourism Minister Thong Khon said yesterday. Speaking at a conference in Phnom Penh, Mr. Khon ...

Corruption Continues To Stymie Development, Transparency Advocate Says

Corruption remains a major impediment to Cambodia’s development, but the systemic practices associated with it can be curbed if the government takes serious action, a transparency advocate says. Preap Kol, executive director of Transparency International Cambodia, told VOA Khmer in a studio interview recently that Cambodia ...

http://www.voacambodia.com/content/corruption-continues-to-stymie-development-transparency-advocate-says/1545041.html

Two Soldiers Shot Dead by Thai Military After Crossing Border

The Thai military shot dead two Cambodian soldiers from Preah Vihear province on Friday after they crossed illegally into Thai territory to log for luxury rosewood, officials said yesterday. Three soldier based in Choam Ksan district’s Sra Em commune crossed into Thailand’s Sisaketh province to search ...

http://www.cambodiadaily.com

Okvau explorer raises $10m

Renaissance Minerals has raised $10 million for its gold-mining program at the Okvau deposit, in Mondulkiri province. The Australian company had estimated the area contained 729,000 ounces of gold. Renaissance’s biggest challenge would be to finance the project by equity investments world-wide, Tremain said. Renaissance is ...

http://www.phnompenhpost.com/2013010960685/Business/okvau-explorer-raises-10m.html

Clean water for city outskirts

The inclusion of 20 communes to the central Phnom Penh water supply in the past year has resulted in a dramatic increase in demand and subsequent shortages, Phnom Penh Water Supply Authority officials said yesterday. “Water demand in Phnom Penh is growing fast day to-day, ...

http://www.phnompenhpost.com/2013030861829/National/clean-water-for-city-outskirts.html

Cambodia's stock market begins trading

Trading on Cambodia’s stock exchange has begun for the first time after a state-run company completed its initial public offering. Some 13 million shares of the state-run Phnom Penh Water Supply Authority were offered at 6,300 riel ($1.57) per share. The stock exchange was officially launched in ...

http://www.businessweek.com/ap/2012-04/D9U75EVO0.htm

Road blocked as strike escalates

Thousands of workers from factories owned by Tai Yang Enterprise in Kandal province’s Ang Snuol district blocked National Road 4 for more than seven hours yesterday to push the company to meet their demands. May Sopheaktra said workers decided to block the road after the companytried ...

http://www.phnompenhpost.com/index.php/2012070557231/National-news/road-blocked-as-strike-escalates.html

Daun Penh Vagrants Rounded Up Prior to Asean

Authorities in Daun Penh district rounded up more than 80 homeless people, drug users and prostitutes ahead of this week’s high-level meetings for Asean and regional delegates in Phnom Penh, a district official said yesterday. District governor Sok Sambath said that the 82 people rounded up ...

Chinese officials to dam site

China has reportedly dispatched embassy officials to investigate a major breach at the Chinese-built Stung Atai dam in Pusat province on Saturday, which swept away four men, three of whom are still missing. Yang Tian Yue, spokesman for the Chinese Embassy in Phnom Penh, told local ...

http://www.phnompenhpost.com

Koh Kong Families Ask Hun Sen for Help in Dispute

More than 40 families from Koh Kong province gathered on Friday outside Prime Minister Hun Sen’s Phnom Penh home to ask him to intervene in their land dispute with provincial forestry administration, village representatives said yesterday. According to one villager, 37-year-old Sam Sary, 47 families delivered ...

http://www.cambodiadaily.com/

Cambodia Finally Starts Stock Trading

Nine months after Cambodia’s stock exchange was officially launched, the country’s first share started trading Wednesday, with the initial public offering of state-owned Phnom Penh Water Supply Authority. PPWSA’s stock, priced at 6,300 riel (US$1.57), jumped 48% to 9,300 riel, according to the data from the ...

http://blogs.wsj.com/deals/2012/04/18/cambodia-finally-starts-stock-trading/

Factory Workers Continue to Strike for Higher Wages

About 4,000 garment workers from factories that produce clothing for international brands H&M, Gap and Levi Strauss continued protesting yesterday in Phnom Penh for higher wages, union representatives said. Singaporean-owned SL Garment Processing (Cambodia) Ltd. parked three large trucks in front of their Meanchey district factories ...

Farmers fear deal has strings

Forty Kampong Chhnang villagers embroiled in a long-running land dispute with KDC International, a company owned by the wife of a senior CPP official, farmed contested land without interference on Monday, prompting some to wonder if they were being coaxed to vote for the ruling ...

http://www.phnompenhpost.com/index.php/2012053056475/National-news/farmers-fear-deal-has-strings.html

Thai government reconsiders deportation

Thailand is rethinking a controversial plan to deport pregnant migrant workers from countries such as Cambodia and instead support them following widespread outrage, a Thai labour ministry official said yesterday. Last month, Thai Labor Minister Padermchai Sasomsap announced plans to send home migrant workers who were ...

http://www.phnompenhpost.com/index.php/2012072557604/National-news/thai-government-reconsiders-deportation.html

Vendors Protest Market Rebuilding at Appeal Court

About 200 vendors from Phnom Penh’s Tomnup Market gathered in front of the Appeal Court yesterday morning to protest an earlier ruling by the Phnom Penh Municipal Court that paved the way for the market’s reconstruction. In 2011, the market’s owner, New Rich Cambodia ...

Hun Sen Encourages Cambodians to Emulate Chinese-Style Wealth

Prime Minister Hun Sen yesterday encouraged Cambodians to strive for Chinese-style millionaire status as he inaugurated a sugar refinery located inside two controversial plantations belonging to CPP Senator Ly Yong Phat and his wife in Kompong Speu province. “I have one clear policy in strengthening the ...

http://www.cambodiadaily.com/news/hun-sen-encourages-cambodians-to-emulate-chinese-style-wealth-7028/

Hun Sen wants more Australian investors

The Prime Minister appealed Wednesday to Australian investors to increase their investments in Cambodia, especially in the agriculture and the tourism sectors. The comments were made during a meeting with the outgoing Australian Ambassador to Cambodia, Penny Richards, at the Peace Palace. He said, because of ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YzFhMzAxN2QzNDZ

Hundreds demonstrate on activist’s behalf

Two days before a land activist’s scheduled sentencing, about 400 people affected by land grabs demonstrated at Pursat Provincial Court in support of the man who frequently protests against the Pheap Imex Company. About 12,000 families are now involved in land disputes around a Pheap ...

http://www.phnompenhpost.com/2013070966735/National/hundreds-demonstrate-on-activist-s-behalf.html

Polling stations set for soldiers at Preah Vihear

Soldiers stationed around the Preah Vihear temple on the Thai-Cambodian border on Election Day won’t have to forgo the opportunity to vote, military officials in Preah Vihear province said. Men Sophea, a military official posted at Phnom Trop, several kilometres away from the temple complex, said ...

http://www.phnompenhpost.com/national/polling-stations-set-soldiers-preah-vihear

Muhibbah JV bags RM276m projects for Cambodia’s airports

Muhibbah Engineering (M) Bhd and its joint venture partner has secured two contracts valued at US$87mil (RM276mil) to build and expand two airports in Cambodia. Muhibbah has a 30% stake in SCA [Societe Concessionnaire de L’Aeroport]. The duration for the Phnom Penh Airport and Siem ...

The Star Online News Staff
http://www.thestar.com.my/Business/Business-News/2013/11/06/Muhibbah-JV-bags-RM276m-projects-for-Cambodia-airports.aspx

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