Malaysian company selling its local bank
Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...
Daniel de Carteret
http://www.phnompenhpost.com/business/malaysian-company-selling-its-local-bank
Opposition challenged to fight in the Parliament
A Cambodian People’s Party (CPP) senior official has appealed to opposition leaders to let their lawmakers to fight with the CPP lawmakers who are waiting in the National Assembly. The opposition leaders recently reaffirmed the CNRP’s position that they would not join the National Assembly ...
The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=ODgwMWU5YTcyY2Y
Beer poised to earn big during New Year season
Grocery and beer sales are expected to spike during April as Khmer New Year preparations ramp up, retail industry officials said yesterday. Hy Ramy, managing director of HRM (Cambodia) Group, a food and beverage distribution company specialising in canned foods, condiments and beverages, said he expects ...
Hor Kimsay
http://www.phnompenhpost.com/business/beer-poised-earn-big-during-new-year-season
Stop and go: More traffic lights going up in capital
Phnom Penh is looking to improve its traffic light system and will fit more than 30 unregulated intersections with traffic lights by February next year, City Hall has announced. The Japan International Cooperation Agency (JICA), which is assisting the city, has prioritised the system as a ...
Annie Lee
http://www.phnompenhpost.com/national/stop-and-go-more-traffic-lights-going-capital
King’s role in talks up for debate
King Norodom Sihamoni would welcome a role as mediator in talks between the Cambodia National Rescue Party and Cambodian People’s Party, an adviser to the Royal family has said. Om Daravuth, an adviser to the office of Queen Mother Norodom Monineath Sihanouk, said that the ...
Meas Sokchea
http://www.phnompenhpost.com/national/king%E2%80%99s-role-talks-debate
Britain urges CPP, CNRP to turn to negotiation table to end political crisis
British Foreign Minister for Asian Affairs said that Britain wanted to see Cambodia’s two winning parties returning to negotiation to end political deadlock in the country. Hugo Swire, who is on his two-day visit to Cambodia, made such comments during a meeting Friday with Kem Sokha, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=MmQ2ZDViMGJjMWE
Four nabbed in provincial logging bust
Mondulkiri provincial police charged four men with illegal logging and immigration crimes after they allegedly caught the suspects collecting wood in O’Raing district. Vietnamese nationals Orng Minh Chhung, 30; Le Vantieng, 38; Tvan Taktech, 33; and Thvang Vanthai, 36, were arrested while gathering freshly cut pieces ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/four-nabbed-provincial-logging-bust
Koh Kong families claim homes torn down
Representatives of Chinese company Tianjin Union Development Group, backed by soldiers, began tearing down villagers’ houses in Koh Kong province yesterday, community representatives and a district governor said. Botum Sakor district governor On Phearak said yesterday that company representatives had come to clear the residents’ ...
Sen David
http://www.phnompenhpost.com/national/koh-kong-families-claim-homes-torn-down
BreadTalk chain set to open up in the capital
Singaporean bakery chain BreadTalk will open up in two locations in Phnom Penh this July, the bakery’s franchisee confirmed yesterday. Ly Daline, CEO of Cham & Ly Corporation, whose company will run BreadTalk in Phnom Penh, said a rising middle class means changes in consumer ...
Hor Kimsay
http://www.phnompenhpost.com/business/breadtalk-chain-set-open-capital
Forest felled illegally, trio tells court
Three villagers in Mondulkiri’s Sen Monorom district appeared in court yesterday after filing a complaint against a land concessionaire for illegally bulldozing community forest. The three represented more than 160 Phnong villagers in allegations that the provincial deputy governor’s company cleared 30 hectares of community forest ...
Phak Seangly
http://webcache.googleusercontent.com/search?q=cache:www.phnompenhpost.com/national/forest-felled-illegally-trio-tells-court
LOLC Group acquires 60 pct stake in Cambodian Microfinance Company for USD 20.3 Mn
Sri Lanka’s Lanka Orix Leasing Company acquired a 60 percent stake in Thaneakea Phum Cambodia (TPC) a microfinance company in Cambodia, for 20.3 million US dollars, identifying the immense potential in emerging economies of the South East Asian region the company said in a media ...
Lanka Business Online News Staff
http://www.lankabusinessonline.com/news/lolc-group-acquires-60-pct-stake-in-cambodian-microfinance-company-for-usd-20.3-mn/1806143502
Land communities take on World Bank
About 100 anti-eviction activists from the Boeng Kak, Borei Keila and Lor Peang communities held their latest joint protest outside the World Bank office on Thursday over a recent announcement that it is considering the resumption of loan to the government after a three-year freeze. ...
Mech Dara
http://www.cambodiadaily.com/news/land-communities-take-on-world-bank-68238/
Call for Thailand and Cambodia to address migration
The Thai and Cambodian governments need to reform migration policies to prevent a repeat of June’s exodus that saw up to 300,000 Cambodians leave Thailand, migrant groups said Tuesday. Workers from neighboring Cambodia fled Thailand following the May 22 military coup amid widespread rumors that the army ...
Lauren Crothers
http://www.turkishpress.com/news/415247/
Montagnards seek Cambodia asylum
Thirteen hill tribespeople known as “Montagnards” have left their jungle hideout in Cambodia and will apply for asylum after crossing from Vietnam to flee persecution, it was announced Sunday. The minority group had for more than seven weeks sought refuge in the jungle in Cambodia’s northeastern ...
Manila Standard Today News Staff
http://manilastandardtoday.com/2014/12/21/montagnards-seek-cambodia-asylum/
KPMG buys Premier Consulting
KPMG Cambodia has bought out one of its local competitors in an effort to position itself as a leader in accounting, taxation and advisory services before ASEAN integration later this year. A statement issued Friday by KPMG states that the firm acquired Premier Consulting (Cambodia) Limited, ...
May Kunmakara
http://www.phnompenhpost.com/business/kpmg-buys-premier-consulting
Drought highlights Int'l Water Day
As officials and development agencies marked International Water Day yesterday, thousands of families in Kampong Cham province went without a drop – some reportedly for the sixth day in a row. The local authorities and rights workers made desperate pleas for aid as reports emerged that ...
Phak Seangly
http://www.phnompenhpost.com/drought-highlights-intl-water-day
Gov’t announces 5,001 new hires authorized for 2015
A month after Prime Minister Hun Sen issued a directive ordering government bodies to put a halt on new hires—except to fill vacated positions—the Ministry of Public Function has authorized state institutions to hire 5,001 civil servants to replace those who had recently retired, quit ...
Hul Reaksmey
https://www.cambodiadaily.com/news/govt-announces-5001-new-hires-authorized-for-2015-81796/
Railroad protesters lobby ADB
About 50 villagers who live near railway lines in Phnom Penh gathered outside the Asian Development Bank yesterday morning to again demand more detailed information about what will happen to them during forthcoming phases of a bank-funded railway rehabilitation project. ...
Khouth Sophak Chakrya and Kevin Ponniah
http://phnompenhpost.com/national/railroad-protesters-lobby-adb
Election groups call for access to reform talks
More than two months after the ruling CPP and opposition CNRP agreed to discuss sweeping reform to the election system, civil society groups working on electoral reform in the country called Tuesday for more transparency in talks between the parties as they hammer out the ...
Kuch Naren
http://www.cambodiadaily.com/news/election-groups-call-for-access-to-reform-talks-69363/
Cambodia says focusing on maintaining growth, poverty alleviation
Cambodian Prime Minister Hun Sen said Thursday that his government has mainly focused on retaining a sustainable economic growth and setting out strategies to ensure the gradual alleviation of poverty, according to a spokesman. Poverty rate in Cambodia has declined to 19.8 percent in 2011, ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/141204/cambodia-says-focusing-maintaining-growth-poverty-alleviatio