Russian debt emerges as billion-dollar question
An unsettled, decades-old $1.5 billion loan from the then-Soviet Union to Cambodia’s Vietnam-backed 1980s government emerged as the key talking point during a meeting between Foreign Minister Hor Namhong and Russia’s new ambassador to Cambodia yesterday, a ministry spokesman said. The meeting between Namhong and Russian ...
May Kunmakara
http://www.phnompenhpost.com/national/russian-debt-emerges-billion-dollar-question
Construction raking in cash
Foreign and domestic investment in construction projects skyrocketed in the first four months of the year, government data suggests. Ministry of Land Management and Urban Planning data revealed last week shows total investment in new construction projects reached more than $1.4 billion at the end of ...
May Kunmakara and Sum Manet
http://www.phnompenhpost.com/business/construction-raking-cash
Future of Displaced Kratie Farmers Still Unclear
Representatives of the 301 families granted a social land concession in Kratie province to resolve a long-running land dispute said Sunday that they filed a report with authorities on Saturday detailing the new families that have since gathered with them in the hope of also ...
Aun Pheap
http://www.cambodiadaily.com/news/future-of-displaced-kratie-farmers-still-unclear-61455/
Water plan for schools on tap
At nearly half of the Kingdom’s primary schools, students have to make a daily choice between drinking contaminated water or going thirsty, a dilemma the government hopes to soon banish with new minimum sanitation and safe water standards. The guidelines, which have yet to be finalised ...
Laignee Barron
http://www.phnompenhpost.com/national/water-plan-schools-tap
NGO says legal action over land disputes on the rise
The number of people charged in land disputes across the country so far this year has already surpassed the number of charges in all of 2013 in what rights group Adhoc on Tuesday called an “alarming” increase in legal action against those wrapped up in ...
Aun Pheap
http://www.cambodiadaily.com/news/ngo-says-legal-action-over-land-disputes-on-the-rise-66873/
Cambodian labor unions lower minimum wage demands
Cambodian labor unions this week lowered their demands for a 60 percent increase to the country’s $100 minimum wage, as talks loom next month on setting a new wage.Unions agreed to call for $150 a month during a meeting with officials from the Garment Manufacturers’ ...
Lauren Crothers
http://www.turkishweekly.net/news/171407/cambodian-labor-unions-lower-minimum-wage-demands.html
First half sees values spike for prime residential areas
Property prices in Phnom Penh’s prime residential locations increased by 13.7 per cent in the first half of 2014, while prime office development land prices increased by 7.6 per cent, according to Knight Frank Prime Asia Development Land Indices. Ross Wheble, the independent global property consultancy’s ...
Sum Manet
http://phnompenhpost.com/real-estate/first-half-sees-values-spike-prime-residential-areas
World Bank in spotlight
As the World Bank considers supplying fresh loans to Cambodia, a new study uses the country as exhibit A for how the financier effectively sponsors corporate land grabs at the expense of the rural poor it purportedly helps. Three years ago, the bank’s own inspectors found ...
Laignee Barron
http://www.phnompenhpost.com/national/world-bank-spotlight
Kuwaitis encouraged to invest in Cambodia
Cambodia’s Minister of Commerce Sun Chanthol has urged Kuwaiti investors to take advantage of the new economic laws aimed at targeting and encouraging foreign investors notably in the sectors of industry and agriculture. In his statements while visiting the Kuwaiti Chamber of Commerce and Industry ...
Kuwait News Agency (KUNA) News Staff
http://www.kuna.net.kw/ArticleDetails.aspx?id=2411719&language=en
Hun Sen returns from South Korea trip
Prime Minister Hun Sen returned from South Korea on Monday having struck a series of deals with Seoul, including an agreement to explore the creation of a South Korean-funded agricultural university in Cambodia, according to one of Mr. Hun Sen’s advisers. Speaking to reporters at Phnom ...
Hul Reaksmey
https://www.cambodiadaily.com/news/hun-sen-returns-from-south-korea-trip-74257/
Two promotions in shake-up of Phnom Penh police force
In a shake-up of Phnom Penh’s police force, the chief of the city’s anti-drug trafficking office was promoted to deputy municipal police chief in charge of intervention while the deputy police chief of Chbar Ampov district was made the new Meanchey district police chief. “Mr. Born ...
Mech Dara
https://www.cambodiadaily.com/news/two-promotions-in-shake-up-of-phnom-penh-police-force-74274/
Rainsy takes credit for falling energy prices
CNRP President Sam Rainsy on Friday told supporters that the opposition party was responsible for recent government efforts to lower gasoline and electricity costs and said he would work to keep alive the new “culture of dialogue” with the CPP, despite Prime Minister Hun Sen calling ...
Kuch Naren
https://www.cambodiadaily.com/news/opposition-leader-takes-credit-for-falling-energy-prices-76617/
China hugely contributes to world economy, says Cambodian scholars
China has greatly contributed to the development of the world economy, even though it is still a developing country, scholars in Cambodia said Sunday. “China helped other Asian economies to recover from the Asian financial crisis in 1997, assisted the Eurozone to recover from the ...
The Cambodia Herald News Staff
http://bit.ly/1O1mABr
Vietnam to link China & Bavet
Vietnamese Prime Minister Nguyen Tan Dung last Monday approved plans to build a new economic corridor linking China, along Vietnam’s northern border, to the Bavet International checkpoint in Cambodia, in order to facilitate increased flow of goods between the three countries. The corridor, which will take ...
Chan Muyhong
http://www.phnompenhpost.com/vietnam-link-china-bavet
Opposition commission heads leaked
The names of lawmakers selected to head five new opposition-led commissions in the National Assembly have been officially announced to Cambodia National Rescue Party members, a senior party official told the Post yesterday. According to the CNRP official, who asked to remain anonymous, of the five ...
Meas Sokchea and Daniel Pye
http://www.phnompenhpost.com/national/opposition-commission-heads-leaked
Gov’t seeks a greener tourism industry
The Tourism Ministry will announce a new “Green Hotel” standard later this month in an effort to make the industry more environmentally friendly, senior officials say. Tourism Minister Thong Khon said on Friday that while it will not be immediately compulsory for all hotel venues to ...
Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-seeks-greener-tourism-industry
Report calls for foreign teacher trainers, higher salaries
Cambodia must significantly increase teachers’ salaries and import the best teacher trainers from abroad in order to combat a continuously widening gap between the skills employers are looking for and those the country’s graduates are able to provide, a new report says. Facing the worst student-teacher ...
Zsombor Peter
http://www.cambodiadaily.com/news/report-calls-for-foreign-teacher-trainers-higher-salaries-67184/
As banking sector booms, overbanking looms
Last month, Cambodia’s nascent yet rapidly expanding banking sector saw the new arrival of Phillip Bank through the acquisition of Hwang DBS Commercial Bank by Singapore’s Philip Capital in a $40 million deal. The number of banks in the country has more than doubled since 2005, ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/as-banking-sector-booms-overbanking-looms-67824/
Airport fight comes to city
About 80 villagers locked in a land dispute in Preah Vihear province found their planned march to the National Assembly blocked by security forces in the capital’s Meanchey district yesterday. Village representative Meng Chanthorn said that the quashed march, which was ultimately abandoned without the use ...
Pech Sotheary
http://phnompenhpost.com/national/airport-fight-comes-city
Top NEC candidate bows out
As the ruling and opposition parties yesterday edged closer to full agreement on a new National Election Committee law, one of the Cambodia National Rescue Party’s favoured candidates for a seat on the nine-member committee said she had removed herself from consideration. Kem Monovithya, the CNRP’s ...
Kevin Ponniah and Phak Seangly
http://phnompenhpost.com/national/top-nec-candidate-bows-out