First mine licensed to draw gold
In a milestone for Cambodia’s nascent mining industry, the government has issued the first commercial mining licence to Mesco Gold, giving the Indian mining firm a green light to extract and process ore at its gold project in Ratanakkiri province, industry sources said yesterday. The landmark ...
Cam McGrath
http://www.phnompenhpost.com/business/first-mine-licensed-draw-gold
Authorities threaten protesting unionists with crackdown
A police official in Kompong Speu province said Thursday that the military might confront garment workers protesting the arrests of two colleagues if they did not stop demonstrating outside provincial government buildings.Around 600 workers from the Hong Kong-owned Agile Sweater factory protested outside the provincial ...
Ben Sokhean
https://www.cambodiadaily.com/news/authorities-threaten-protesting-unionists-with-crackdown-98060/
Smartphone ownership exploded since ’13: study
The number of Cambodians who own at least one smartphone has almost doubled since 2013, helping put the Kingdom on track to having more than half of its population accessing the web in about a year, according to a new study.Almost 95 per cent of ...
Charles Rollet
http://www.phnompenhpost.com/national/smartphone-ownership-exploded-13-study
PPSEZ plans bookbuild for scaled-back IPO
Phnom Penh Special Economic Zone (PPSEZ), the private firm that operates Cambodia’s most developed industrial park, will hold a bookbuild for investors later this month for an initial public offering it hopes will raise up to $11.6 million for expansion and debt repayment, according to ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-plans-bookbuild-scaled-back-ipo
Dams may worsen arsenic problem: study
A Stanford University study conducted in Cambodia has shed new light on the natural introduction of the poison arsenic into groundwater – an established problem in Cambodia that could be exacerbated by hydrological development, particularly dams, researchers say.According to a report on their findings, published ...
Jamie Elliott
http://www.phnompenhpost.com/national/dams-may-worsen-arsenic-problem-study
A roadmap for financial growth
The government yesterday unveiled its financial sector development strategy for 2016 to 2025, which provides stakeholders with a document to evaluate the last decade of growth while outlining an action plan for the next decade. Chea Serey, director-general of the NBC, said the content of ...
Hor Kimsay
http://www.phnompenhpost.com/business/roadmap-financial-growth
World Heritage status, tourists threaten Angkor preservation
The global recognition given to the Angkor temple complex in Siem Reap—and other sites around the world that receive U.N. world heritage status—does as much to damage as it does to preserve the historical gem, according to a new research paper that was published in the ...
Matt Surrusco
https://www.cambodiadaily.com/news/world-heritage-status-tourists-threaten-angkor-preservation-127067/
No evidence of child labor at brick factories, gov’t says
The Labor Ministry says that it is investigating fresh allegations of widespread child labor at the country’s brick-making factories, but claims to have found no evidence as of yet. The ministry made the announcement on Friday, hours after the release of a new report by local ...
Ben Sokhean
https://www.cambodiadaily.com/news/no-evidence-child-labor-brick-factories-government-says-121475/
CNRP’s chiefs will keep campaign promises or quit, says Sovann
Opposition spokesman Yim Sovann said yesterday that if any of the CNRP’s more than 400 new commune chiefs who won office on Sunday cannot follow through on the party’s campaign pledges, they will “give up” their positions.Sovann said the Cambodia National Rescue Party had made ...
Meas Sokchea
http://www.phnompenhpost.com/national/cnrps-chiefs-will-keep-campaign-promises-or-quit-says-sovann
FTA with EAEU bloc may diversify export market
As the government moves to a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU), garment and rice industry insiders expect the new trade corridor to diversify the Kingdom’s export market. ...
Thou Vireak
https://www.phnompenhpost.com/national/fta-eaeu-bloc-may-diversify-export-market
Angkor sees gold in Liberty
Angkor Gold Corp has acquired a new economic land concession as it gains full control of its other concessions with the purchase of another mining company, according to officials. According to a statement released last week, Angkor Gold has purchased Liberty Mining International Pty Ltd (Liberty), ...
http://www.phnompenhpost.com/index.php/2012091058590/Business/angkor-sees-gold-in-liberty.html
Cambodian Land Mass More Than Originally Thought, Hun Sen Says
Prime Minister Hun Sen has announced that Cambodia’s total land mass is some 300 square kilometers more than historically stated and wants to put the number in the constitution. His announcement is thought to be a response to political opponents and critics who accuse ...
Trade barriers hinder growth of Cambodia's export industry
Cambodia could reap even greater benefits from trade facilitation measures in the Greater Mekong Subregion (GMS) by removing high logistics costs, delays and other barriers that hamper the country’s connectivity and competitiveness, according to a new Asian Development Bank (ADB) book released here on Thursday. “Cambodia’s ...
Villagers Still in the Dark About Lower Sesan Hydropower Dam
Thousands of villagers who will lose their land to the construction of the Lower Sesan 2 dam in Stung Treng province later this year have not been told of the government’s plans for their resettlement and compensation, a new study released yesterday shows. Through interviews with ...
Honda Factory Workers Strike To Reinstate Union Officials
About 300 workers from a Phnom Penh factory that assembles Honda motorcycles went on strike yesterday to rally for the reinstatement of their union representatives, in accordance with an order by the Arbitration Council, union representatives said yesterday. Yoeurng Sopheara, a legal officer at Cambodia Labor ...
Cambodia approves land concessions, despite ban
Cambodia’s government has ignored a suspension on new land concessions to private companies, announcements in an official publication showed, despite ordering a freeze after growing discontent over forced evictions and illegal logging. Prime Minister Hun Sen signed off on 12 sub-decrees on June 7 and 12 ...
http://www.reuters.com/article/2012/06/26/us-cambodia-land-idUSBRE85P0G520120626
Hun Sen Says Land Management Ministry in Need of More Staff
Prime Minister Hun Sen said yesterday that there was a lack of staff at the Ministry of Land Management, and suggested that the students in his land measuring program be utilized to rectify the shortage. Mr. Hun Sen made the comments while visiting Pursat province’s Phnom ...
Cambodia city port sees 16% surge in shipments in 9 months
Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...
http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm
1 in 20 Firms Carry Out Environment Assessments
Only about 5 percent of the roughly 2,000 major development projects, such as dams, roads and bridges, approved by the government between 2004 and 2011 carried out environmental impact assessments, an official at the ministry of Environment said yesterday. Speaking at a workshop in Phnom Penh ...
Simon Lewis and Khuon Narim, P.1
http://www.cambodiadaily.com
Phnom Penh Port Shifts Focus to Cruise Boats
With a new Chinese-built container port on the Mekong River in Kandal province now operational, the existing port in Phnom Penh is undergoing renovations to shift its focus to the growing number of cruise ships docking in the capital, an official said yesterday. Eang Veng ...