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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

Another wage body to form

Following a meeting with parliamentarians at the National Assembly yesterday, Minister of Labour Ith Sam Heng announced the ministry would form a 27-member committee to study technical aspects of raising the minimum wage in Cambodia’s garment sector. The new committee will comprise nine representatives each from ...

Pech Sotheary and Sean Teehan
http://phnompenhpost.com/national/another-wage-body-form

Journo killings condemned

A report from the New York-based Committee to Protect Journalists has decried the killing of journalists with no consequences, listing Cambodia as one of several countries where members of the press have been killed since 2004 “with complete impunity”. From 2004 to 2013, 370 journalists ...

Charles Rollet and Chhay Channyda
http://phnompenhpost.com/national/journo-killings-condemned

Cambodian poll reform movement head demands transparency

The head of a key election reform group in Cambodia said Tuesday that he would consider applying for a position on the country’s new election body if membership selection is open to the public and transparent. Koul Panha, director of the Committee on Free and Fair ...

Roseanne Gerin
http://www.rfa.org/english/news/cambodia/koul-panha-11042014181035.html

Maid MoU drawing near

Cambodia and Malaysia expect to sign a memorandum of understanding (MoU) by the end of the year that would reopen the pipeline of local maids being sent to work there, officials said on the sidelines of a final round of discussions yesterday between the countries. ...

Hor Kimsay
http://phnompenhpost.com/national/maid-mou-drawing-near

Cambodia PM, opposition leader finalize election reform

Cambodian prime minister and his political opponent have finalized the details of an electoral reform plan, but some were met with criticism Saturday amid fears the election body will remain stacked with employees loyal to the ruling party. The Cambodia Daily reported that both Premier Hun ...

World Bulletin News Staff
http://www.worldbulletin.net/news/149520/cambodia-pm-opposition-leader-finalize-election-reform

Group to mull rent controls

The ruling and opposition parties announced on Saturday the creation of a new working group to discuss a bipartisan plan to table a rent control law that will regulate rising housing prices and sudden rental hikes for all tenants in the Kingdom. Originally, the plan ...

Sarah Taguiam and Pech Sotheary
http://www.phnompenhpost.com/group-mull-rent-controls

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