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Gov’t revenues rise 11 pct

Government revenues totalled more than $700 million over the first four months of the year, an 11 per cent year-on-year increase, data from the Ministry of Economy and Finance (MEF) show. In total, the revenue made by the General Department of Taxation (GDT) rose by about ...

http://www.phnompenhpost.com/2013062166406/Business/gov-t-revenues-rise-11-pct.html

‘Take it or leave it’

The uncle of a man who died in Thursday’s ceiling collapse at the Wing Star Shoes factory in Kampong Speu province claimed yesterday that the company had threatened to give the family nothing if they did not agree to an on-the-spot payout. It came as a ...

http://www.phnompenhpost.com/2013052065719/National/take-it-or-leave-it.html

Cambodia Drops on US Global Human Trafficking Ranking

The U.S. has downgraded Cambodia in its latest global Trafficking in Persons Report for showing no discernable improvements in its efforts to combat human trafficking over the past year, the country’s first demotion in five years. The 2013 report cites an increase in the number ...

http://www.cambodiadaily.com/news/cambodia-drops-on-us-global-human-trafficking-ranking-31423/

Chinese bypass the local fare

Hui Tien Jien has eaten at a Chinese restaurant called Old Place Seafood two times – and he’s been in Phnom Penh for only two days. Chinese restaurants in Phnom Penh are spreading in response to a flood of tourists from China: tourists who insist ...

http://www.phnompenhpost.com/business/chinese-bypass-local-fare

PM Defends Interest Rates

Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...

http://www.phnompenhpost.com/2013051665645/Business/pm-defends-interest-rates.html

Singaporean Startup to Install Streetlamps in Rural Villages

A Singaporean startup is planning to install streetlamps in three villages in Kompong Chhnang province later this year in an effort to enhance safety for people making their way home at night. Fosera Lighting is raising money through an online campaign to construct 75 solar-powered streetlights ...

http://www.cambodiadaily.com/news/singaporean-startup-to-install-streetlamps-in-rural-villages-40218/

Photo tourism turns profits

Nathan Horton’s business model is straightforward. A professional photographer, Horton helps amateur photographers take pictures abroad. Photo tourism is an increasingly lucrative trade in Cambodia. Horton, who runs half-day jaunts in Phnom Penh and longer journeys into the provinces, is one of the practitioners capitalising on ...

Laura Ma
http://www.phnompenhpost.com/business/photo-tourism-turns-profits

Former Manager Admits Stealing $2.3M From Canadia Bank

The former manager of Canadia Bank’s credit section has admitted to stealing $2.3 million from the bank’s accounts, the suspect’s lawyer said Tuesday, in what is one of the largest embezzlement schemes ever undertaken in Cambodia’s nascent banking industry. The testimony from Yeth So­pheaktra, 30, to ...

Eang Mengleng and Colin Meyn
http://www.cambodiadaily.com/news/former-manager-admits-stealing-2-3m-from-canadia-bank-44689/

Cambodian Opposition Leader Declares Political 'Stalemate'

Cambodian opposition leader Sam Rainsy said his country has reached a political “stalemate” and is calling for a halt in international aid to the Phnom Penh government. Rainsy spoke to VOA during a visit to Washington, where he is trying to convince U.S. officials and others ...

VOA Khmer News Staff
http://www.voacambodia.com/content/cambodian-opposition-leader-declares-political-stalemate/1772674.html

Cambodia Not Ready for Inter-Country Adoptions

It has been one year since Cambodia announced that it was lifting its ban on intercountry adoptions beginning January 1, 2013, but despite praising Cambodia’s efforts to implement international regulations, countries that ban adoptions of Cambodians said this week that they were no closer to ...

Simon Henderson
http://www.cambodiadaily.com/news/cambodia-not-ready-for-inter-country-adoptions-46465/

Democracy About More Than Polling Day

The U.N.’s envoy for freedom of as­sembly on Tuesday presented a report to the U.N. General Assem­bly that calls for an approach to election monitoring that looks be­yond polling day to assess wheth­er elections in countries such as Cambodia are “free and fair.” The report, compiled ...

Alex Willemyns and Mech Dara
http://www.cambodiadaily.com/news/democracy-about-more-than-polling-day-46461/

Cambodia to Keep a Close Eye on Severe Typhoon Haiyan

Authorities said Thursday they were closely watching the development of the world’s big­gest storm to materialize so far this year as it hits the Philippines today before moving west toward Vietnam and Cambodia in the following days. “Our first step is to keep a close eye ...

Mech Dara
http://www.cambodiadaily.com/news/cambodia-to-keep-a-close-eye-on-severe-typhoon-haiyan-46751/

Farmers Accuse Mining Company of Threatening Land Grab

Some 300 farmers protested for a second day at their local commune office in Preah Vihear province Thursday against a mining company they accuse of threatening to steal their land unless they accepted its compensation offer to relocate. The Ministry of Industry, Mines and Energy granted ...

Aun Pheap
http://www.cambodiadaily.com/news/farmers-accuse-mining-company-of-threatening-land-grab-48209/

Numbers don’t add up

The Ministry of Agriculture, Forestry and Fisheries has released a nine-month status report on 2013’s illegal timber seizures, saying it had confiscated, among other things, more than 2,000 kilograms of rosewood – a figure that represents only a tiny fraction of seizures reported by the Post this ...

May Titthara
http://www.phnompenhpost.com/national/numbers-don%E2%80%99t-add

Committees to ‘Research’ Minimum Wages, ‘Study’ Killings

Prime Minister Hun Sen on Friday assigned former Finance Minister Keat Chhon as the head of a newly formed committee tasked with researching the government’s capacity to introduce wage increases for civil servants and factory workers. The statement said that Mr. Hun Sen also spoke ...

Kuch Naren
http://www.cambodiadaily.com/news/committees-to-research-minimum-wages-study-killings-50431/

Canadia CEO Sheds Light on $2.3M Embezzlement Scheme

The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious bank accounts and using fraudulent credit cards to withdraw money from those accounts, the bank’s CEO said Monday, the first time Canadia has ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/canadia-ceo-sheds-light-on-2-3m-embezzlement-scheme-45660/

Prime Real Estate May Be Set for Development

A 5,000-square-meter plot of land owned by the local Sokimex Group on Phnom Penh’s Street 154, near Wat Ounalom and Kandal market, could be the site of a new, multi-story hotel, the conglomerate’s CEO said Tuesday. Sok Kong, Sokimex CEO, said Tuesday that construction of a ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/business/prime-real-estate-may-be-set-for-development-46269/

Camko City starts third phase

The Now World City company is starting construction of its third phase at Camko City after its satellite city had suspended operations for a while. Kim Duk Kon, the vice president of World City, said that the new project included building luxury villas, with 140 houses ...

Siv Meng
http://www.phnompenhpost.com/real-estate/camko-city-starts-third-phase

UN wants probe into Cambodian violence

The UN human rights agency urged Cambodia to launch an investigation into the “disproportionate” use of force by security forces last week against garment factory workers striking over pay. Military police opened fire on workers protesting outside a factory in Phnom Penh on January 3 and ...

Peninsula On-line News Staff
http://thepeninsulaqatar.com/news/asia/267595/un-wants-probe-into-cambodian-violence

US Asks Parties to ‘Work Together’ for the People

The U.S. State Department on Tuesday called for the ruling CPP and opposition CNRP to “work together” and repeated its call for a transparent review of irregularities in July’s national election. “The United States urges leaders of the ruling Cambodian People’s Party (CPP) and the CNRP ...

Phorn Bopha and Joshua Wilwohl
http://www.cambodiadaily.com/elections/us-asks-parties-to-work-together-for-the-people-43407/

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