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Cambodia enjoys travel growth

Cambodia’s tourist arrivals registered a 19.9% growth in February according to the country’s statistics and tourist Information Department. The country welcomed 385,760 visits compared to 321,870 during the same month in 2012. Released by the Ministry of Tourism, Monday, data showed neighbouring Vietnam was the top supplier ...

http://www.ttrweekly.com/site/2013/05/cambodia-enjoys-travel-growth/

Police Investigating Third Suspect in Mondolkiri Mining Fraud

Police said Thursday they are investigating the possibility of a third suspect who has been implicated in a fraud and forgery case over a mining deal, for which a Cambodian businessman and a Chinese associate are already awaiting trial. The Phnom Penh Municipal Court on Tuesday ...

Simon Lewis and Eang Mengleng
http://www.cambodiadaily.com/news/police-investigating-third-suspect-in-mondolkiri-mining-fraud-41441/

Villagers ‘paid to log’ lost land

Local communities that lost their land via economic land concessions to private companies are now being paid by those same firms to illegally fell the trees that once sustained their livelihoods, a group of five advocacy groups contended yesterday. At a press conference, the NGOs singled ...

May Titthara
http://www.phnompenhpost.com/national/villagers-%E2%80%98paid-log%E2%80%99-lost-land

Sewage canal bursts its banks

Raw sewage spewed onto Street 105 from the antiquated discharge canal running parallel to it yesterday as heavy rains continued to create headaches in the capital. The putrid water lipped homes and local business on the street in Chamkarmon’s Boeung Trabek commune, alarming residents. Togo Uchida, ...

Phak Seangly and Amelia Woodside
http://www.phnompenhpost.com/national/sewage-canal-bursts-its-banks

IMF Managing Director Christine Lagarde to Visit Cambodia

nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...

Colin Meyn
http://www.cambodiadaily.com/business/imf-managing-director-christine-lagarde-to-visit-cambodia-47940/

Premier’s Vietnam Visit Draws Opposition Ire

Prime Minister Hun Sen is scheduled to pay a three-day visit to Vietnam later this week, a move criticized by opposition officials who say the premier should stay in Cambodia to deal with the country’s ongoing political deadlock. “What is necessary at this time is to ...

Sok Khemara
http://www.voacambodia.com/content/premier-vietnam-visit-draws-opposition-ire/1816809.html

Cops nab 2 in foreigner shootings

A man suspected of robbing and shooting two foreign nationals late last month was shot four times on Monday night during a shootout with police before being taken into custody. Police also apprehended a second, uninjured suspect after the shootout. Chea Sovann, 32, and Sa Ravan, ...

Kim Sarom
http://www.phnompenhpost.com/national/cops-nab-2-foreigner-shootings

The Sihanoukville option

As property prices in Phnom Penh and Siem Reap continue to push upwards, many investors are quickly being priced out of these first-tier markets. Looking at second-tier cities around the Kingdom, Sihanoukville in particular stands out as an investment destination worth serious consideration. Named after the ...

Chris Horton
http://www.phnompenhpost.com/real-estate/sihanoukville-option

Illegal Vietnamese fishermen caught in nighttime operation

A group of 13 Vietnamese nationals were apprehended by Cambodian fishermen on Sunday night while illegally fishing off the coast of Kampot province and are being held for repatriation, according to a village representative and the provincial governor. Neak Sen, a representative of a fishing community ...

Hay Pisey
http://www.cambodiadaily.com/news/illegal-vietnamese-fishermen-caught-in-nighttime-operation-58171/

General ordered by court to dig out soil in Koh Kong land grab

The Koh Kong Provincial Court has temporarily suspended the business of two-star major general Tun Dieth and ordered him to dig out the soil with which he had filled in a canal in Khemarak Phoumin city’s Smach Meanchey commune after he was accused of land ...

Long Kimmarita
https://www.phnompenhpost.com/national/general-ordered-court-dig-out-soil-koh-kong-land-grab

NBC plans $50M Forex bids in effort to stabilise currency

The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...

Van Socheata
https://phnompenhpost.com/national/nbc-plans-50m-forex-bids-effort-stabilise-currency

Lao And Cambodian Stock Exchanges Stagnant After Two Years With A Combined Three Companies Listed

If you were given all the money in the world to invest in a stock from the stock exchanges of Laos and Cambodia, which stock would you choose? You might not actually get a lot of choices – both exchanges are stagnant two years after ...

Sophie Song
http://www.ibtimes.com/lao-cambodian-stock-exchanges-stagnant-after-two-years-combined-three-companies-listed-1320809

Security for Demonstration Brings Parts of City to Standstill

Parts of Phnom Penh came to a standstill Sunday as security forces closed off major and minor roads with razor wire and metal barriers and at one point even denied an ambulance access to a local children’s hospital. The measures were put in place for the ...

Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/elections/security-for-demonstration-brings-parts-of-city-to-standstill-42383/

Anco report flawed: auditor

The auditor who submitted a report used to convict a husband and wife of embezzling tens of millions of dollars from a company owned by the wife of a tycoon senator admitted yesterday that the quality of his audit was “poor”. The report was used ...

http://www.phnompenhpost.com/index.php/2012030954952/National-news/anco-report-flawed-auditor.html

Job security low as unemployment drops

The International Labour Organisation (ILO) released the latest data from its EU-funded project Monitoring and Assessing Progress of Decent Work this week, showing that despite an improving environment, including low rates of official unemployment , 75 per cent of workers are in vulnerable jobs. This includes the self-employed or ‘own ...

http://www.phnompenhpost.com/index.php/2012080357786/Business/job-security-low-as-unemployment-drops.html

Move to lift energy efficiency in Cambodia

A national energy efficiency policy is currently in development, officials told the Post last week. Experts at the Ministry of Industry, Mines, and Energy (MIME) and the multi-donor fund EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) are in discussions about details of the policy, ...

http://www.phnompenhpost.com/2013022061465/Business/move-to-lift-energy-efficiency-in-cambodia.html

Graduates fear career jobs woe

A year from now, 23-year-old Sum Tiara will graduate from the Royal University of Law and Economics with a degree in law. At the moment, however, she needs to earn a living and pay for her studies by working in bars and restaurants in Phnom Penh. ...

http://www.phnompenhpost.com/2013021261305/Business/graduates-fear-career-jobs-woe.html

Eating locally

The Cambodian governemnt is lobbying the tourism sector to focus more on using local foods, which it says could generate millions of dollars in revenue a year. But hotels and restaurants say quality standards and supplies of local products are often not adequate and businesses ...

Signs point to more diverse investment projects in Cambodia

The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom’s economy is dependent on a few “pillars”-garments, construction, tourism and agriculture-downturns in any of those sectors can ...

http://etmcambodia.com

Trucking Companies Plagued by High Costs, Informal Payments

Despite growing exports, freight companies say profits are being hit because most firms still use old, inefficient trucks and are often forced to pay custom officials informal fees at border checkpoints and ports. Transportation costs in Cambodia are already some of the highest in the region, ...

http://www.cambodiadaily.com/business/trucking-companies-plagued-by-high-costs-informal-payments-3716/

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