Japan to build $200 m shopping mall in Cambodia
AEON Mall, a Japan’s single-largest shopping mall developer and the largest retailing operator, will invest $200 million to build a four-storey shopping mall here in December, Cambodian Prime Minister Hun Sen said Tuesday. The construction will be begun on December 10, 2012 on the land area ...
Cambodia's food service industry gains new player
Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...
Royal Group to Take Stake in Mining Project
A mining company listed on the Australian Securities Exchange has announced a plan to pay $14 million for a license to explore for copper in Preah Vihear province, in a deal involving local conglomerate Royal Group. In an announcement to the bourse last Thurday, Geopacific Resource ...
Boeung Kak 13 Vow To Continue Demonstrations
Thirteen Boeung Kak protesters released from jail Wednesday say they will continue their demonstrations until they obtain more land on a real estate development in the capital. Representatives wasted no time in meeting after their release from prison following a decision by the Appeals Court Wednesday. “The ...
Kampot Residents Confront Eviction by Local Company
An agriculture and transportation company has allegedly threatened to demolish the homes of about 100 families on Wednesday if they refuse to move off an agricultural land concession in Kampot province’s Chhuk district, villagers said yesterday. “So Nguon company and [Decho Aphivat commune chief] Chum Soeun ...
Better Factories Cambodia Slammed by Stanford Researchers
The International Labor Organization’s (ILO) Better Factories Cambodia program (BFC) must employ more transparency in their monitoring of Cambodia’s factories in order to effectively bring change to the country’s working and wage conditions, a report launched yesterday says. According to “Monitoring in the Dark” a ...
http://www.cambodiadaily.com/news/better-factories-cambodia-slammed-by-stanford-researchers-11011/
Cambodia's listed water supplier records revenue up 25 pct last year
The listed Phnom Penh Water Supply Authority (PPWSA) earned total revenues of 36.9 million U.S. dollars in 2012, up 25 percent year-on-year, according to the firm’s unaudited financial statement on Wednesday. The report said that the firm’s net income after tax was 8.56 million U.S. dollars ...
http://news.xinhuanet.com/english/business/2013-02/20/c_132181099.htm
UK to open investment office
The United Kingdom Trade and Investment Office would establish a permanent branch in Phnom Penh in the expectation that economic ties between the two countries would continue to grow, Cambodian and UK Officials said yesterday. Bilateral trade has risen by 300 per cent during the past ...
http://www.phnompenhpost.com/index.php/2012051856232/Business/uk-to-open-investment-office.html
Boeung Kak 13 held without charge
Thirteen women hauled into police vehicles during a demonstration at Boeung Kak lake on Tuesday were being held without charge at Phnom Penh police headquarters last night. About 70 Boeung Kak villagers rallied outside Phnom Penh municipal court yesterday in support of the arrested women, who ...
http://www.phnompenhpost.com/index.php/2012052456371/National-news/b-kak-13-held-without-charge.html
GE Engines to power Cambodian rice husk power project
GE Energy has signed a contract with Cambodian industrial conglomerate Soma Group to supply two of its engines to power a biomass gasification facility. Soma Group’s Hak Se mill biomass gasification project is located in Cambodia’s rural rice milling region Kamphong Cham, and reinforces a 2011 ...
http://biomassmagazine.com/articles/7870/ge-engines-to-power-cambodian-rice-husk-power-project
Cedac Encourages Using Frogs As an Alternative to Pesticides
Cambodian farmers often turn to pesticides when trying to stop insects from destroying crops, but the Cambodian Center for Study and Development in Agriculture (Cedac) has come up with a better idea: frogs. “Frogs are important to protect rice plants from damage by insects, especially during ...
Work restarts at Xayaburi dam in Laos -project leader
Work has resumed on a controversial $3.5 billion dam across the Mekong River in Laos, its Thai developer said on Thursday, contradicting Laotian assurances it had been suspended following protests over its environmental impact. Laos agreed in December to suspend the Xayaburi dam project and said ...
http://uk.reuters.com/article/2012/08/16/thailand-laos-xayaburi-idUKL4E8JG0Y420120816
Toll Royal Railways expands
Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...
http://www.phnompenhpost.com/index.php/2012101259265/Business/toll-royal-railways-expands.html
PPWSA closes higher after a week down
For the first time in weeks, Phnom Penh Water Supply Authority yesterday closed up 4.35 per cent, a sign the stock was stablising after a rough opening, insiders said. After an eight-day price decline, PPWSA – the sole listed company on the Cambodia Securities Exchange – ...
http://www.phnompenhpost.com/index.php/2012050956046/Business/follow-up-ipos-still-on-track.html
Villagers in Land Dispute Questioned by Court
The Phnom Penh Municipal Court yesterday questioned four Russei Keo district villagers from two families who have been embroiled in a land dispute for two years with a local businessman, lawyers said yesterday. The families are accused of physically attacking landowner Lao Tong Ngy, a man ...
SRP Asks King Sihamoni to Pardon Boeng Kak 15
Members of the opposition SRP on Saturday sent a petition to King Norodom Sihamoni asking him to pardon the 13 Boeng Kak residents who were sentenced to two-and-a-half years in jail on May 24 after holding a peaceful protest against CPP senator Lao Meng Khin’s ...
Lawsuit Filed Against Banteay Meanchey Land Protesters
Banteay Meanchey’s provincial environment department, a local company and two bulldozer drivers, have sued four villagers in Banteay Meanchey province over their alleged role in a violent land protest in February. The villagers, who have been summoned for questioning this week, stand accused of intentional property ...
Garment Workers Strike, Demand Higher Wages
About 4,000 workers at the M&V Textile factory in Kompong Chhnang province, which supplies well-known brands such as H&M and Gap, went on strike yesterday morning to demand a pay raise, a union representative said. Meas Sokhen, a representative of the Free Trade Union, said ...
Cambodia to spend 21 mln USD for July general election
Cambodia will spend about 21 million U.S. dollars to cover for the [sic] proceedings of the general elections on July 28, a senior official at the National Election Committee (NEC) said Friday. “The budget for the forthcoming elections is about 21 million U.S. dollars, up from ...
http://news.xinhuanet.com/english/world/2013-01/04/c_132080391.htm
Insuring for higher education
Canada-based life insurance company Manulife has launched a product intended to provide parents with security for their children’s education, and officials at the firm say they are optimistic about its prospects. Manulife’s research found that even families who were financially struggling would take advantage of ...
http://www.phnompenhpost.com/2013042365160/Business/insuring-for-higher-education.html