IT Firm Sues Thaicom Over Mfone Ownership
Thai information technology firm Infobahn Co. Ltd. has filed a lawsuit against telecommunications conglomerate Thaicom Public Company Ltd. for breaching an agreement made last year to sell 41.14 percent of its shares, a deal that also includes a 51 percent stake in the Cambodian mobile ...
Strikers know when to fold 'em
More than 300 workers from the Tropicana Casino and resort in Banteay Meanchey provinces’s Poipet town obeyed a court order to end striking and return to work yesterday and official said. Hong Prakorb, a provincial official for the Labour Ministry said more than 200 workers ...
Japanese Mizuho Bank to Open Representative Office
One of Japan’s largest banks will open a representative office in July due to burgeoning interest in Cambodia most likely by Japanese investors, a bank official said yesterday. Mizuho Financial Group will open a small office in Phnom Penh Tower on Monivong Boulevard on July 8, ...
Covering Cambodia
With the number of cars on Cambodia’s roads growing at a consistent pace, high-end automotive distributors are jockeying for a foothold in the market, but they are not the only ones who stand to benefit from Cambodia’s splurge on cars. Working on the sidelines, the ...
Thai power to Siem Reap cut
Siem Reap town – one of Cambodia’s biggest tourist destinations – faced yet another power outage yesterday after the provincial energy supplier cut power for 12 hours during the day. Energy supplier Electricite du Cambodge (EdC) informed residents that power would be cut from 6am to ...
http://www.phnompenhpost.com/2013040464887/National/thai-power-to-siem-reap-cut.html
SEZ adds to tycoon’s growing portfolio
Okhna Try Pheap’s ballooning empire of exclusive natural resource licences and concessions has been expanded even further with the granting of a special economic zone (SEZ) in Ratanakkiri province. The May 27 issue of the Royal Gazette reveals Pheap was granted a 136-hectare SEZ in O’Yadav ...
http://www.phnompenhpost.com/2013061266216/National/sez-adds-to-tycoon-s-growing-portfolio.html
Sihanoukville to be the site of first marina
Russian sailor Andrey Mantula plans to build what he is calling Cambodia’s first marina off the beaches of Preah Sihanouk province. Mantula, who has lived in Cambodia for one year, is heading up the project. He expects construction to start on October 1 of this year. ...
Cambodian insurance industry sees 25 pct growth in first half
Cambodia’s insurance sector earned a total premium of 22 million U.S. dollars in the first six months of the year, up 25 percent from the 17.6 million U.S. dollars it made over the same period last year, the industry’s figures showed Tuesday. The premiums were from ...
http://news.xinhuanet.com/english/business/2013-08/06/c_132607310.htm
Delta Electronics eyes Cambodia expansion
Delta Electronics (Thailand), one of the world’s leading producers of power supplies and electronic components, plans to expand to Cambodia and Myanmar, the Bangkok Post reported on Wednesday. “There is no indication of a specific timeframe for the expansion, but the company sees these countries . ...
http://www.phnompenhpost.com/2013051065533/Business/delta-electronics-eyes-cambodia-expansion.html
Sam Rainsy’s request for immunity rejected
Opposition leader Sam Rainsy’s request to have his parliamentary immunity restored before Sunday’s national election was refused yesterday by the National Assembly permanent committee — which consists wholly of ruling Cambodian People’s Party lawmakers. “The permanent committee has unanimously decided that because [Rainsy] has become a ...
http://www.phnompenhpost.com/national/sam-rainsy%E2%80%99s-request-immunity-rejected
Kiln owner accused of abusing employee
An employer who stands accused of beating her maid using a stick and the back of a meat cleaver will be summonsed by police in Kandal today for questioning, local officials have said. Son Leanghou, 57, a brick kiln owner, is accused of beating 28-year-old Sok ...
http://www.phnompenhpost.com/national/kiln-owner-accused-abusing-employee
Japanese, Cambodia trade is up 19 per cent
Trade volume between Cambodia and Japan had grown 19 per cent in the first six months of 2013 compared with the same period last year, figures from the Japan External Trade Organisation show. Cambodian exports to Japan were up 31 per cent in the first six ...
http://www.phnompenhpost.com/business/japanese-cambodia-trade-19-cent
US embassy surveillance site: report
The United States embassy in Phnom Penh contains an intelligence-gathering operation that amasses information about Cambodia, the Sydney Morning Herald reported yesterday, citing a map first published in Germany’s Der Spiegel. The Herald article referenced some 90 international surveillance sites, including ones housed in embassies in neighbouring Jakarta, Yangon, Bangkok and ...
Sean Teehan
http://www.phnompenhpost.com/national/us-embassy-surveillance-site-report
Economic zone may go public
The Phnom Penh Special Economic Zone (PPSEZ) plans to raise money to fund an expansion through an initial public offering, a senior official from the Securities and Exchange Commission of Cambodia (SECC) said yesterday. If successful, PPSEZ could become one of the few companies to list on ...
May Kunmakara
http://www.phnompenhpost.com/business/economic-zone-may-go-public
Angkor Wat ticket sales revenue up
Revenue from ticket sales to foreign tourists visiting Angkor Wat reached $41.4 million in the first nine months of 2013, a 14 per cent year-on-year increase, according to data from the Apsara Authority, which manages the site. Official data show that almost 1.5 million foreign ...
May Kunmakara
http://www.phnompenhpost.com/business/angkor-wat-ticket-sales-revenue
Capital to launch trial bus route
Phnom Penh commuters fed up with navigating the city’s increasingly busy streets will have a chance to test a new public bus service beginning in February. Phnom Penh Municipality spokesman Long Dimanche yesterday confirmed a one-month trial of a bus service along a 7.5-kilometre route running ...
Hor Kimsay
http://www.phnompenhpost.com/national/capital-launch-trial-bus-route
Political issues not affecting property sector, for now
Despite recent political turbulence, local investors in the Phnom Penh property sector are not deterred and are still bullish on the market’s future prospects. One good example of this local optimism is Ly Hour Group, which recently announced it would invest more than $100 million to ...
Siv Meng
http://www.phnompenhpost.com/real-estate/political-issues-not-affecting-property-sector-now
More houses razed in dispute
Authorities burned one house and demolished three others in the past two days in Koh Kong’s Botum Sakor and Kiri Sakor districts in the latest development in the long-running land dispute between villagers and Tianjin Union Development Group, community representatives and the rights group Adhoc ...
May Titthara
http://www.phnompenhpost.com/national/more-houses-razed-dispute
Rip-offs strike wrong chord
Slapping Khmer song lyrics over international hits or ripping off the creative content of foreign-produced music videos is a practice in the Kingdom that must end within one year, Ministry of Culture and Fine Arts officials said at a conference in the capital yesterday. A crackdown ...
Mom Kunthear
http://www.phnompenhpost.com/national/rip-offs-strike-wrong-chord
Village stoning breeds fears
Ever since some 500 people laid siege to the home of traditional healer pov Sovann, dragged him out and brutally stoned him to death over the course of eight hours on Sunday, two opposing sets of fears have gripped members of his community in Takeo ...
Vong Sokheng and Stuart White
http://www.phnompenhpost.com/national/village-stoning-breeds-fears