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Court Silent On Charges Against Monk

A Phnom Penh Municipal Court official yesterday refused to disclose the nature of “incitement” charges issued in February against well-known monk Loun Sovath, while the Ministry of Justice claimed it was unaware of the case against the social campaigner. According to documents dated Feb. 14 and ...

Cambodian Pawnshop Revenues Drop as Industry Expands

The number of licensed pawnshops in the country has surged since the government began registering them in 2010, leaving some pawnbrokers claiming revenue losses of 30 to 50 percent due to oversaturation in the market. Ly Seng Cheng, a pawnbroker at the Khlaing Rum Sev pawnshop ...

Top Hotels Fully Booked Ahead of East Asia, Asean Summits

Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday. “We are completely full during the ...

http://www.cambodiadaily.com

As Liquidation of Mfone Begins, Victims and Lawsuits Abound

As insolvency proceedings against bankrupt telecommunications firm Mfone begin, yet another company, Smart Mobile, has filed a court complaint to collect unpaid costs from the mobile operator, and the list of parties to have suffered from the firm’s collapse continue to grow. The Phnom Penh Municipal ...

http://www.cambodiadaily.com

Phnom Penh's restaurant landscape changing

With the arrival of many new restaurants and coffee shops in Phnom Penh, the complexion of the food and beverage market is swiftly changing, according to restaurant owners. Tea Club owner SP Loh said existing restaurants had to work harder to retain their customers in light ...

http://www.phnompenhpost.com/index.php/2012052156270/Business/restaurant-landscape-changing.html

Rice registration for different strains

In an effort to promote rice exports among Cambodian farmers, government officials said on Tuesday they will register the type of rice seed set for export and the rice seed produced for the national market. Cham Prasidh, Minister of Commerce, said on the closing of the ...

http://www.phnompenhpost.com/index.php/2012100459100/Business/rice-registration-for-different-strains.html

Government Allocates More Than $3 Billion in 2013 Budget

The government has allocated more than $3 billion for total government spending in 2013, an increase of 19.2 percent on the $2.6 billion the government planned to spend in 2012, according to a statement issued by the Council of Ministers on Friday. The statement did not ...

Cedac buys rice miller to boost imports

The Cambodian Center for Study and Development in Agriculture, or Cedac, has built a $500,000 rice mill in Phnom Penh’s Pur Senchey district in the hope of exporting more milled rice overseas, an official said yesterday. “We expect that in 2013, we would export between 200 tons and ...

http://www.cambodiadaily.com

Mfone value is revised

Althought the initial book value – purchase cost minus depreciation – of the assets of bankrupt Cambodian telecommunications firm Mfone was estimated at $105 million, employee representatives claim the estimated market value is closer to $30 million to $40 million. Bou Kunthea, an Mfone employee representative, ...

http://www.phnompenhpost.com/2013040264827/Business/mfone-value-is-revised.html

Cambodia's leading bank inks deal with UnionPay International for payment services

Acleda Bank, a leading commercial bank in Cambodia, on Monday signed a Memorandum of Understanding with UnionPay International on payment services for mutual benefits, according to the bank’s statement. Xu Luode, president of China UnionPay and vice-chairman of UnionPay International, said currently, UnionPay cards reached ...

http://www.asean-china-center.org/english/2013-04/23/c_132333810.htm

Oxley to acquire Cambodian asset for US$11.2m

In a release, Oxley Holdings Limited announced that the Group’s 49%-owned associated company, Oxley-Worldbridge (Cambodia) Co., Ltd., had entered into an amendment agreement dated 1 July 2013 in respect of a share sale and purchase agreement dated 22 May 2013 to acquire all the shares ...

http://sbr.com.sg/commercial-property/more-news/oxley-acquire-cambodian-asset-us112m#sthash.MwztrlYA.dpuf

Big opposition gains

The ruling Cambodian People’s Party saw its ironclad grip on the National Assembly weaken dramatically, dropping 22 seats in winning 68 of 123, with the opposition the beneficiary and the CPP’s royalist coalition partners winning none at all in an election rife with alleged irregularities. Though ...

http://www.phnompenhpost.com/national/big-opposition-gains

EU aids Cambodia in combating illicit trafficking, use of nuclear, radiological materials

The European Union (EU) signs Wednesday to provide Cambodia with equipment to detect illicit trafficking and criminal use of nuclear and radiological materials. The agreement was inked between EU Ambassador to Cambodia Jean Francois Cautain and Om Yentieng, vice-chairman of the Secretariat of National Counter-Terrorism Committee. Under the deal, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-11/06/c_132863880.htm

Illegal logging ‘rampant’ in sanctuary

Provincial military police confiscated three tractors transporting three metres of luxury wood and two circular saws travelling out of Kampong Speu’s protected Phnom Oral Wildlife Sanctuary yesterday. Chea Hean, director of Natural Resource and Wildlife Preservation Organisation (NRWPO), arrived to investigate illegal logging in the sanctuary ...

Phak Seangly and Amelia Woodside
http://www.phnompenhpost.com/national/illegal-logging-%E2%80%98rampant%E2%80%99-sanctuary

Despite Ban, $1.5M of Cambodian Sand Turns Up in India

A huge haul of river sand dredged in Cambodia has been quarantined at the southern Indian port city of Cochin since its arrival in April despite a ban on sand exports instituted by Prime Minister Hun Sen in 2009. India’s Deccan Chronicle news­paper reported on Tuesday ...

Alex Willemyns and Kuch Naren
http://www.cambodiadaily.com/news/despite-ban-1-5m-of-cambodian-sand-turns-up-in-india-46753/

Railway leaves area in limbo

In 2009, a railway project official arrived at 45-year-old Ry Preng’s home in Por Sen Chey district and spray-painted “1.042” in red on the side of his house. He wasn’t sure what it meant, but was told that at some point he would need to ...

Daniel de Carteret
http://www.phnompenhpost.com/business/railway-leaves-area-limbo

As lake disappears, a development dilemma

Looking out from his house, held up by three-meter stilts on a peninsula that juts into Boeng Tompun lake, Chan Sokhom can see the sand inching closer to him every day. Within a few years, the sand will likely reach his doorstep. By then, Mr. Sokhom ...

Cameron Rhoads and Sek Odom
http://www.cambodiadaily.com/news/as-lake-disappears-a-development-dilemma-62718/

Anti-Vietnam protesters bring a petition to foreign embassies

As scheduled, Khmer  Krom citizens gathered Monday in front of French embassy in order to present their petition which asks the VN embassy’s spokesman to apologize for his comment over Khmer Kampuchea Krom territory. Some 500 students, monks, and citizens were led by leaders of Federation ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MWJmZWVhMzZkNzc

Coral reef areas to gain protection in Cambodia

Cambodia’s first Marine Protection Area will be established around two emerging tourist destinations, Koh Rong and Koh Rong Samloem islands, a British conservation group has announced. NGO Coral Cay Conservation said last week that it has been invited to map out a 300-square-kilometre MPA by the ...

http://www.phnompenhpost.com/index.php/2012072557610/National-news/coral-reef-areas-to-gain-protection-in-cambodia.html

Chasing China’s rice import potential

China National Cereal, Oil and Foodstuffs Corporation (COFCO) is the latest mainland Chinese company to sign a deal to export Cambodian rice. COFCO is one of a number of Chinese companies that have signed similar deals with their Cambodian counterparts, but  direct rice exports to China ...

http://www.phnompenhpost.com/index.php/2011082551252/Business/chasing-chinas-rice-import-potential.html

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