‘Tourism, Dynamic Area In Economic Sector’
Rita O’ Sullivan, ADB Country Director Tourism is a dynamic component in the economic sector. in the Greater Mekong Sub Region – Thailand, Myanmar, Laos and Cambodia – bound together by the Mekong River, the tourism industry is a driving force, says Rita O’ Sullivan, ...
http://www.thesundayleader.lk/2012/09/23/tourism-dynamic-area-in-economic-sector/
Thais Appeal Sentence in Prisoners Case
Three Thai convicted of imprisoning three other Thai and two Chinese nationals over debts owed to a Poipet City casino asked the Appeal Court yesterday to reduce their 25-year prison sentences. The defendants-Chelao Keutthang,42; Chanadet Chareunsuk, 28; and Narungvit Cheuman, 28-were arrested in November 2009 when Banteay ...
Cambodia lures foreign investors in Thailand
Cambodia is trying to attract foreign investors with manufacturing bases in neighbouring countries, with promises their factories would be safer from flooding. The Phnom Penh Post reported that Commerce Minister Cham Prasidh is appealing to foreign investors with production bases in neighbouring countries, particularly Thailand, to ...
http://www.bangkokpost.com/news/asia/314346/cambodia-tempts-investors-from-neigbours
Slowdown in garment exports from Cambodia
The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497
Maid may be stuck in Malaysia
The mother of a domestic maid allegedly stranded in Malaysia has become the latest Cambodian claimant to file an official complaint to the Ministry of interior over labor abuse in the country. Em Sokhum said her 24-year-old daughter Chher Sophorn left to pursue work in Malaysia more than ...
Cambodia's fuel needs increased in 2012
Cambodia spent more than $1.6 billion importing fuel oil and petrol last year, a figure 14.3 per cent higher than for 2011, the Ministry of Commerce said yesterday. The money spent on importing 1.6 million tonnes of petrol and fuel oil – 100,000 tonnes more than ...
http://www.phnompenhpost.com/2013013161091/Business/cambodia-s-fuel-needs-increased-in-2012.html
Ambition Trumps Reality in Investment Figures
Since 2008, a whopping $28 billion worth of investments has been pledged by local and international firms looking to set up luxury hotels, a new airport and even Cambodia’s first horse racing venue. But a closer look at the list of investments approved by the Cambodian ...
http://www.cambodiadaily.com/business/ambition-trumps-reality-in-investment-figures-9387/
Gold rush in Prey Lang forest
For four years now, this mineral-flecked land deep inside the Prey Lang forest has drawn thousands of small-scale seasonal miners. There are perks to working the dry season: space is one, avoiding the unofficial “taxation” system is another. For years, development agencies have urged a sweeping ...
http://www.phnompenhpost.com/2013021361348/National/gold-rush-in-prey-lang-forest.html
Qatar Airways touches down in Cambodia
With the launch of daily scheduled services, Qatar Airways becomes the only Middle Eastern airline flying to the South East Asian nation – and destination number 125 served worldwide. Guests gathered at Phonm Penh international Airport in celebration of the new air link, connecting Cambodia ...
Villagers summonsed in illegal logging case
Some 300 villagers from the Andong Trabaek community in Svay Rieng province’s Romeas Hek district will accompany two representatives who have been summonsed to the provincial court Tuesday to clarify allegations of illegal logging that villagers say were fabricated by Forestry Administration officials in order ...
http://www.phnompenhpost.com/2013022561580/National/community-reps-summonsed.html
Volkswagen to be sold in Kingdom
Cambodia’s authorised distributor for Mercedes-Benz will also be selling Volkswagen vehicles in May, as it hopes to cash in on higher growth in the mass-market car sector. Though the sole distributorship deal was signed in 2009, Hung Hiep Group received approval last week from VW to ...
http://www.phnompenhpost.com/2013030761799/Business/volkswagen-to-be-sold-in-kingdom.html
Vietnamese tourists top list in Cambodia
Vietnamese tourists ranked top among foreign visitors to Cambodia in the first three months this year. According to data released by the Cambodian Tourism Ministry, 179,000 Vietnamese tourists visited Cambodia from January to March, accounting for 18 per cent of total foreign arrivals. ...
http://vietnamnews.vnagency.com.vn/Life-Style/224191/vietnamese-tourists-top-list-in-cambodia.html
Insurance claims drop in Q1
Claims on Cambodia’s six biggest insurance companies declined year on year by more than 90 per cent in the first quarter of 2012, data from the General insurance Association of Cambodia (GIAC) shows. The value of claims in 2011 was raised by fires that gutted two ...
http://www.phnompenhpost.com/index.php/2012051156100/Business/insurance-claims-drop-in-q1.html
Supernatural Forces Enlisted in Land Dispute
Villagers in Kompong Chnang province have resorted to black magic as a means to even the odds with a long-running land dispute with a powerful company, KDC Development, holding a spell-casing ceremony on Saturday to curse the firm and the provincial court for allegedly colluding ...
Wenzhou business grows in Phnom Penh
The number of incoming business people from Wenzhou, a Chinese coastal city of three million known for manufacturing, has grown markedly in recent years. So much, in fact, that Wezhou opened an official chamber of commerce in Phnom Penh last week. Labour and land costs on China’s ...
http://www.phnompenhpost.com/index.php/2012070457175/Business/wenzhou-business-grows.html
Kok An case back in court
Heng Chheang, former deputy general director of the Anco Brothers Company, was brought by prison security guards yesterday for questioning to the Phnom Penh Municipal Court over fresh allegations of defamation and fraud filed by Senator Kok An last year, officials said. “Although I have already ...
Homing in on the IPO price
From June 22 to 28, the price of Phnom Penh Water Supply Authority (PPWSA) stock slowly approached its Initial Public OfferIng (IPO) price while tradIng volumes stayed withIn the range of 10,000 to 22,000 shares. The price dropped from KHR 6,6so (US$1.63) to KHR 6,3so (US$LS6) from June 22 to 28. ...
http://www.etmcambodia.com/search.php?s=The+Week+at+the+CSX&submit=Search
Controversial figure in land dispute arrested
Touch Seouly, the head of an NGO involved in a years-long land dispute that has sparked violent and sometimes fatal clashes across several provinces in the south, was arrested on Friday after villagers in Kampot province lodged a new round of complaints with authorities. Kampot provincial ...
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 ...
Vietnamese fishermen snared in local waters
Provincial authorities arrested eight Vietnamese fishermen who illegally crossed into un-demarcated Cambodian waters in Kampot province on Tuesday. The two boats were intercepted by river police in the early morning while they were trawling, Touch Poleak, deputy director of the water border protection department, said. Sar ...