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Illegal Logging a Challenge for Carbon Trading

A Ministry of Agriculture official said yesterday he was aware of allegations of illegal logging by Royal Cambodian Armed Forces soldiers within protected community forests in Oddar Meanchey province and was looking into it. “I am following this case, but I haven’t received their petition yet,” ...

New Online Service Launched to Smooth Tax Payment

In a bid to ease the collection of the recently introduced tax on properties worth more than $25,000, The Ministry of Finance has launched an online service to help people get the forms they need to pay the tax. In a statement released last week, the ministry said ...

Landless Cambodians see nothing sweet in EU sugar deal

An EU scheme to boost trade with developing nations is fuelling land grabs in Cambodia, activists say, with thousands evicted from their property to make way for a booming sugar industry. Campaigners are taking their fight to European supermarkets, encouraging a boycott of Cambodian sugar, which ...

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1211528/1/.html

PM's land titling scheme full of ambiguity

Adorned in new military uniforms, about 400 more young volunteers who have been enlisted into Prime Minister Hun Sen’s ambitious national land-titling scheme departed from Diamond Island yesterday armed with measuring tapes, computers and GPS units. The budding surveyors are the latest group of some 2,000 ...

http://www.phnompenhpost.com/index.php/2012070657262/National-news/titling-scheme-full-of-ambiguity.html

Malaysia Firm Buys Majority In Yellow Pages

The owner of Cambodia Yellow Pages has agreed in principle to sell a 51 percent stake to the subsidiary of Malaysian technology firm CBSA Bhd. in a deal worth $2.04 million, an official at the company said Monday. According to a disclosure last week from CBSA ...

Philippines and Cambodia in South China Sea row

The Philippines has summoned Cambodia’s ambassador over comments linked to Manila’s territorial row with Beijing. Hos Sereythonh was asked to explain remarks accusing the Philippines and Vietnam of playing “dirty politics” over the issue of Asean and the South China Sea. [H]e did not turn up on ...

http://www.bbc.co.uk/news/world-asia-19073987

Arrested Land Officials Now Free on Bail

Four Land Management Ministry officials charged with corruption last week were released on bail yesterday, less than five days after arriving at Prey Sar prison for detention ahead of trial, officials said. Srung Leang, director of the prison’s center no. 1, said he received the written release order ...

Cambodia's Economic Growth Expects To Be 7% In 2012

“Cambodia’s economic growth will stand about 7 per cent this year,” director general of National Bank of Cambodia His Excellency Chea Chanto said. He adds: “Cambodia is trying to diversify its economies to boost the growth.” At the same time, the report from World Bank said: ...

Kep first province to wrap land-titling scheme

Seven months after Prime Minister Hun Sen unveiled an ambitious plan to demarcate 1.8 million hectares of state land and formally acknowledge those who live on it, the completion of the first – albeit the smallest – of eight affected provinces has wrapped up. Marking the ...

http://www.phnompenhpost.com/National/kep-first-province-to-wrap-land-titling-scheme.html

Poorest nations win intellectual property waiver

The world’s poorest nations have won an eight-year extension of a waiver on intellectual property rules at a session of the World Trade Organisation’s TRIPS Council. A session of the 159-nation WTO’s TRIPS (trade-related aspects of intellectual property rights) Council has ruled the waiver for 34 ...

http://www.radioaustralia.net.au/international/2013-06-12/poorest-nations-win-intellectual-property-waiver/1144616

Evictees back on land

Dozens of families at Borei Keila have moved back on to land they were evicted from last year, despite intimidation and threats of arrest by security forces employed by developer Phan Imex. Earlier this month, security guards tore down the shelters of 12 families who had ...

http://www.phnompenhpost.com/2013032664678/National/evictees-back-on-land.html

Workers not allowed to march on Labor Day

Around 20,000 workers from the garment, construction, tourism, banking, service and agriculture sectors want to march to present a petition to the National Assembly on International Labor Day, May 1, but Phnom Penh City Hall did not approve the rally. City hall asked them to wait ...

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

Former Mfone Employees Protest for Severance Pay

More than 100 former employees of bankrupt mobile phone operator Mfone traveled from three provinces yesterday to protest outside the firm’s shuttered office on Phnom Penh’s Monivong Boulevard demanding their severance pay. Sok Samphorn, an engineer who was employed by Mfone, said employees from Phnom Penh, ...

http://www.cambodiadaily.com

Ethnic Banong Thwart Group of Illegal Loggers in Mondolkiri

More than 100 Banong ethic minority villagers in Mondolkiri province on Wednesday stopped and briefly apprehended a group of 11 outsiders who they say were caught illegally logging timber in the area, villagers said yesterday. The villagers say that they took it upon themselves to stop ...

http://www.cambodiadaily.com

Cambodia tweaks trip estimate

Cambodia’s Ministry of Tourism has revised tourist travel arrivals from 3.8 million to 4.2 million by year-end. Tourism Minister Thong Khon told local media, earlier this week, that the adjustment was based on a January to April’s performance with 1.5 million trips. “Earlier, we forecast 3.8 million, ...

http://www.ttrweekly.com/site/2013/06/cambodia-tweaks-trip-estimate/

Committee Formed to Sell Off Mfone’s Assets

The administrator dealing with the debts of defunct mobile operator Mfone yesterday established a committee to sell off the company’s remaining assets. Since it filed for bankruptcy in January, more than 1,000 creditors, including former staff, have claimed Mfone owes them a combined $160 million. Mfone’s remaining ...

http://www.cambodiadaily.com/business/committee-formed-to-sell-off-mfones-assets-22715/

Milled Rice Exports Rise in the First Four Months

Milled rice exports have seen dramatic growth this year as the sector begins to take advantage of duty-free exports to European countries, an official and the U.N. Food and Agriculture Organization (FAO) said. Thon Virak, director of state-owned rice exporter Green Trade, said Tuesday that in ...

http://www.cambodiadaily.com/business/milled-rice-exports-rise-in-first-four-months-22826/

Anti-laundering law gets tougher penalties

The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...

http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html

BUSINESS IN BRIEF 26/8: Cross-border trade with Cambodia on the rise

Cross–border commodity exchange between Vietnam and Cambodia is thriving thanks to 1,270km of shared border, 10 international gates, 37 main and auxiliary border gates, and nine border economic zones. The southern province of An Giang, which lies on the Cambodian frontier, has two international and two ...

Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/82610/business-in-brief-26-8.html

S&P reaffirms rating despite political worry

Cambodia has retained its B credit rating despite ratings company Standard & Poor’s citing the country’s ongoing political standoff as a “major” constraint. S&P affirmed Cambodia’s B/B credit rating last week, labeling the country as having a strong and stable long-term and short-term outlook. Engagement of international ...

Eddie Morton
http://www.phnompenhpost.com/business/sp-reaffirms-rating-despite-political-worry

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