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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

Mangrove ‘bulldozed for rubber plantation’

Some 1,200 hectares of flooded mangrove forest in two communes of Kampong Cham province have been bulldozed and filled in, robbing more than 700 families of the long-standing source of their livelihood, villagers there said yesterday. Villagers in Tuol Snuol commune in Kroch Chhmar district and ...

Phak Seangly
http://www.phnompenhpost.com/national/mangrove-%E2%80%98bulldozed-rubber-plantation%E2%80%99

Strike at SL eats into profits

Because of ongoing strikes and an inability to fill orders, SL Garment Processing (Cambodia) says it is shedding cash flow as buyers shift away from one of Asia’s largest producers, factory management confirmed yesterday. International brands H&M and Gap reduced their orders, while Levi’s ceased buying ...

Daniel de Carteret
http://www.phnompenhpost.com/business/strike-sl-eats-profits

Thousands flee reservoir

Surging floodwaters led officials to declare a state of emergency at a commune in Banteay Meanchey province on Saturday night after the Trapaing Thma reservoir expanded an estimated 200 metres. Many of some 2,000 families living close to the Khmer Rouge-era reservoir in Phnom Srok district ...

Chhay Channyda
http://www.phnompenhpost.com/national/thousands-flee-reservoir

Rehab Options Needed for Female Inmates

As International Women’s Day is marked around the world on Saturday, calls are being made for more rehabilitative opportunities to be made available to female prisoners in Cambodia and, separately, for cultural norms that rank women below men to be challenged and overcome. Local rights group ...

Lauren Crothers
http://www.cambodiadaily.com/news/rehab-options-needed-for-female-inmates-53733/

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