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Cambodia’s Conglomerate in talks to buy communications satellite from China

Cambodia’s Royal Group of Companies is in negotiations to purchase a satellite from China Aerospace Science and Technology Corporation for its telecoms operations in Cambodia, Cambodian Minister of Commerce Cham Prasidh said Wednesday. Tycoon Kith Meng currently owns the kingdom’s largest mobile phone operator, Mobitel. ...

http://www.livetradingnews.com/cambodias-conglomerate-in-talks-to-buy-communications-satellite-from-china-110184.htm#.UWYXaKKj2xA

Huge Increase in MFI Loans, Deposits

More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and ...

http://www.phnompenhpost.com/2013050265366/Business/huge-increase-in-mfi-loans-deposits.html

Sri Lankan company to plant 20,000 hectares of rubber in Cambodia

Sri Lankan agricultural group Lankem Ceylon PLC says it plans to plant 20,000 hectares of rubber in Cambodia as part of a diversification strategy. Lankem chairman A Rajaratnam disclosed the strategy in the company’s annual report for the year to March, 2012, released by the company ...

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

Buffalo holders seek owner’s restitution

Jarai ethnic minority villagers in Ratanakkiri’s O’Yadav district are demanding compensation from a villager they claim illegally cleared a sizeable portion of their community forest this year. The villagers seized two carts transporting rosewood – and the four buffaloes pulling them – out of the forest ...

Phak Seangly
http://www.phnompenhpost.com/national/buffalo-holders-seek-owner%E2%80%99s-restitution

NGO alleges bribery over titles

An environmental protection NGO is preparing to file a lawsuit with the Kampong Speu provincial court and a complaint with the Anti-Corruption Unit against an Agriculture Department official who was allegedly paid by a development firm to issue land titles to villagers squatting on state ...

Phak Seangly
http://www.phnompenhpost.com/national/ngo-alleges-bribery-over-titles

Parliament issues list of components in fifth legislature

The National Assembly on Tuesday has issued the list names of chairman, vice-chairman and commission chairman in the National Assembly. Here are the list of the National Assembly’s components in fifth mandate: — Heng Samrin, National Assembly chairman. — Nguon Nhil, National Assembly’s first vice-chairman. — Khuon Sodary, National ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MjlhMWIxNTk0ZDd#sthash.xWPF3ywi.dpuf

Long march to capital begins

The long journey on foot from the provinces to Phnom Penh began yesterday for hundreds of villagers and monks who intend to mark December 10’s International Human Rights Day by protesting outside the National Assembly. Parades of people, expected to grow in size the closer they ...

Meas Sokchea
http://www.phnompenhpost.com/national/long-march-capital-begins

Poll Shows Cambodia Ranks High in ‘Global Suffering’

Cambodia ranked third worst in “global suffering” last year—behind Bulgaria and Armenia—a significant increase from 2011, when it ranked 14th worst, ac-cording to the worldwide polling group Gallup. A poll released last week on Gallup’s website says 34 percent of Cambodian respondents rated their lives as ...

Joshua Wilwohl
http://www.cambodiadaily.com/news/poll-shows-cambodia-ranks-high-in-global-suffering-49070/

Grand Twins may price Cambodia IPO below mid-point of indicative range

Tepid interest in a Taiwanese-owned garment manufacturer’s planned initial public offering in Cambodia means that the deal could be priced below the midpoint of an indicative range, a person with direct knowledge of the offering said Thursday. Grand Twins International (Cambodia) PLC had planned to sell ...

Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304688104579464942778171168?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304688104579464942778171168.html

CNRP holds a citywide rolling rally

Days after authorities repeatedly cracked down on demonstrations, opposition party supporters staged a rolling rally across Phnom Penh yesterday, filling up roads for hours and blocking major intersections. About 500 people with tuk-tuks and motorbikes gathered at the Cambodia National Rescue Party headquarters in the ...

Meas Sokchea and Sean Teehan
http://www.phnompenhpost.com/national/cnrp-holds-citywide-rolling-rally

Cambodia’s top court denies bail to 21 jailed protesters

Cambodia’s Supreme Court on Friday upheld a decision refusing bail to 21 people arrested during a deadly worker strike crackdown, a defense lawyer said, as dozens of supporters protested outside, calling the charges against them politically motivated and demanding their release. The top court upheld the ...

Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/bail-05092014170039.html

FTU trio held at factory by rivals in union clash

Workers aligned with the Collective Union of Movement of Workers locked three officials from the Free Trade Union inside the Ocean Garment factory in Phnom Penh for eight hours Tuesday after the two unions argued over who would represent workers in a wage dispute. Ocean’s approximately ...

Sek Odom
http://www.cambodiadaily.com/news/ftu-trio-held-at-factory-by-rivals-in-union-clash-63579/

Cambodia’s export to EU skyrockets

Despite the depressed market conditions throughout Europe in 2013 Cambodia’s export to the EU skyrocketed. The country is well under way to take over Taiwan’s leading position in bike export to Europe. Between January and October 2013 Cambodia’s bike export showed a huge increase of no ...

Jack Oortwijn
http://www.bike-eu.com/Sales-Trends/Market-trends/2014/2/Cambodias-Export-to-EU-Skyrockets-1463329W/

Lawyer who paid for sex with boy avoids jail

The Siem Reap Municipal Court on Tuesday sentenced Cambodian lawyer Mao Tan Eam to two-and-a-half years in prison for purchasing child prostitution, but he will not spend a single day in jail after the court suspended the entire custodial sentence, an official said. Deputy provincial prosecutor ...

Khy Sovuthy
http://www.cambodiadaily.com/news/lawyer-who-paid-for-sex-with-boy-avoids-jail-58293/

ID card grace period nearing end

The Ministry of Interior yesterday reminded Cambodians of their obligation to obtain new or replacement national ID cards, a common piece of documentation required for people over 15 years of age and the validity of which had previously been extended to accommodate last year’s national ...

Meas Sokchea
http://www.phnompenhpost.com/national/id-card-grace-period-nearing-end

Farmers ask Hun Sen for help, told to go home

Prime Minister Hun Sen’s cabinet on Tuesday refused to accept a petition from some 200 farmers who traveled from Kratie province to Phnom Penh to ask for help in settling their land dispute with a plantation owner, urging them to try settling the case with ...

Aun Pheap
http://www.cambodiadaily.com/news/farmers-ask-hun-sen-for-help-told-to-go-home-64716/

Factory ends strike after compromise

Workers at a Taiwanese-owned sandal factory in Kompong Cham province on strike since last week over an eight-point list of demands agreed to go back to work Tuesday after reaching a deal with management that included a monthly lunch stipend. A few hundred of the Carlington ...

Ben Sokhean
http://www.cambodiadaily.com/news/kompong-cham-factory-ends-strike-after-compromise-65261/

Cambodia and EU meet next week in Brussels

Ouch Borith, Secretary of State of Ministry of Foreign Affairs and International Cooperation of Cambodia, and Ugo Astuto, director of South and Southeast Asia of the European Union, will co-chair the 8th meeting of Cambodia-EU Joint Committee to strengthen relations and cooperation between Cambodia and ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZjJlNTNjMzI1MzZ

Cambodia relies on ASEAN

Cambodia Association of Travel Agents says good connections and airline service from other ASEAN member countries will be the main driver to push tourism forward. The association president, Ang Kim Eang, said the increase in ASEAN travellers to Cambodia was driven by an expansion of direct ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-relies-on-asean/

EU gives park protection

A huge area of Ratanakkiri province’s Virachey National Park has been declared a protected area under a European Union-funded plan that government officials say will shift forest communities away from dependence on depleted forest byproducts. Chhay Samith, head of protected natural areas at the Ministry of ...

Phak Seangly
http://www.phnompenhpost.com/national/eu-gives-park-protection

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