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Charges vague as court calls in ADHOC official

In a mysteriously vague citation, Adhoc monitorIng head Chan Saveth has been called to the Phnom Penh Municipal Court to face charges of “providIng assistance to specific perpetrators”. Although the court’s summons, which asks Saveth to appear on August 24, provides no specifics as to the ...

http://www.phnompenhpost.com/index.php/2012081557997/National-news/vague-charges-for-cambodian-ngo-official.html

Vietnam holds largest-ever trade fair in Cambodia

Vietnam organized the largest- ever trade fair on Thursday, vowing to boost the bilateral trade to $3 billion this year. Speaking at the opening of the 5-day event at Mondial Center, Vu Kim Hanh, chairwoman of the Business Association of High Quality Vietnam Goods, said the ...

http://www.globaltimes.cn/content/728827.shtml

CAMBODIA: Rural poor lose out in land deals

Land governance policies in Asia, especially concessions made to private companies, are leaving the region’s poorest vulnerable to human rights abuses, experts say. “Land-grabbing by the rich and powerful continues,” Suson Bunsak, executive secretary of the Cambodian Human Rights Action Committee, said at the recent Asia ...

http://www.irinnews.org/Report/96452/CAMBODIA-Rural-poor-lose-out-in-land-deals

Foreigners entering the condo market in Phnom Penh

The number of foreign owners of houses in Cambodia has soared in recent years after the government permitted foreigners to have rights over owning real estate in the Kingdom, according to officials of the Ministry of Land Management, Urban Planning and Construction. Speaking at the opening of ...

http://www.phnompenhpost.com/index.php/Real-Estate/foreigners-entering-the-condo-market-in-phnom-penh.html

More Houses Torn Down In Canal Clean-Up

Authorities in Phnom Penh’s Meanchey district continued to demolish houses in Niroth commune yesterday, despite 46 families appealing to the municipality and Prime Minister Hun Sen’s Cabinet to intervene. On Tuesday, three houses were torn down as part of efforts to clean up a stretch of ...

Firm Posts fall In Profits on Slot Machines

Entertainment Gaming Asia inc. (EGA), a U.S.-listed gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ...

http://www.cambodiadaily.com

Lee arrives in Cambodia for regional cooperation summits

South Korean President Lee Myung-bak arrived in Cambodia on Sunday for a series of international summits, including one involving the newly re-elected U.S. president, Barack Obama, about freer trade and other cooperation issues in the region. On Monday and Tuesday, Lee will attend a trio ...

http://english.yonhapnews.co.kr/national/2012/11/16/83/0301000000AEN20121116009151315F.HTML

Work starts on two bridges in An Giang

Nhan Dan Online – The southern province of An Giang has begun construction of two bridges in Tan Chau town, as part of a bigger project linking two provincial roads with the Vinh Xuong border gate between Vietnam and Cambodia. ...

http://www.nhandan.com.vn/cmlink/nhandan-online/homepage/society/current/work-starts-on-two-bridges-in-an-giang-1.377604

Pregnancy terminated in bid to regain old job

A woman fired from the Conpress Holding garment factory last week said she terminated her pregnancy of three months on Sunday in a desperate bid to gain reinstatement for herself and three other workers fired last week for unionising. Huk Pov, Free Trade Union president ...

http://www.phnompenhpost.com/index.php/2012112059825/National-news/pregnancy-terminated-in-bid-to-regain-old-job.html

Rising tourism prompts ABA growth in Siem Reap

The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...

http://www.phnompenhpost.com/index.php/2012121160202/Business/rising-tourism-prompts-aba-growth-in-siem-reap.html

Metfone operator forecasts $280 mln profit in 2012

Viettel (Cambodia) Co Ltd expects earnings to rise almost 10 percent to about $280 million in 2012, deputy chief Tran Le Phong said. The Vietnamese operator of the Metfone network expects to pay $60 million in taxes this year, up from $52 million last year ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZDYxNTg4YjZhM2U2OTJjYzgwOWE3OTE4OWMzMzI5

Bank Accounts Rare in Cambodia, Even for Rich

Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...

http://www.cambodiadaily.com/business/bank-accounts-rare-in-cambodia-even-for-rich-6957/

Locals in the Dark to Chinese Rail Project

With two Chinese firms due to start work on a 400-km railway, steel mill and port in July, an environmental impact assessment (EIA) has yet to be conducted, and affected provinces are still largely in the dark about the massive infrastructure project. in a ceremony in ...

http://www.cambodiadaily.com/business/locals-in-the-dark-to-chinese-rail-project-7128/

Inside the North Korean museum in Siem Reap

For more than a year, mystery has shrouded a museum in Siem Reap. The facts have been few and the details sparse. What’s known is that a North Korean company invested about $10 million for construction, and that artists from the hermit kingdom flew in ...

http://www.phnompenhpost.com/2013010260590/National/inside-the-north-korean-museum-in-siem-reap.html

Jarai File Complaint Over Firm Filling In Lake

Etnhic Jarai families living in Ratanakkiri province’s Kakeo district yesterday filed a complaint with the provincial court, accusing a Vietnamese rubber company of clearing their ancestral land and filling in a lake they use for fishing and irrigation. Local officials say the company intends to ...

http://www.cambodiadaily.com

Private residential property in Cambodia attracting foreign investors

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...

http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html

Cambodia Sees Massive Foreign Investment Growth in 2012

Investment In Cambodia from overseas surged by at least 44 percent last year, accordIng to an estimate from the central bank, despite figures suggestIng a reduction In the overall flow of foreign currency Into Southeast Asian economies. Nguon Sokha, director-general of the National Bank of Cambodia, ...

http://www.cambodiadaily.com

Cambodia forecasts 4 mln foreign tourists in 2013

Cambodia is predicted to greet 4 million foreign visitors this year, an expected 12 percent rise year-on-year, Tourism Minister Thong Khon said Monday. “Last year, we received 3.58 million foreign tourists, up 24 percent year-on-year, and generated total revenue of about 2.2 billion U.S. dollars,” he ...

http://news.xinhuanet.com/english/travel/2013-02/18/c_132176370.htm

General Accused of Smuggling $1M In Goods

Military police in Preah Sihanouk province said yesterday that they impounded four trucks carrying retail goods worth about $1 million that a lieutenant general in the Royal Cambodian Armed Forces had imported from Thailand without paying tax duty. The unpaid import duty amounted to about ...

http://www.cambodiadaily.com

Chinese Firms Foresee Industrial Hub in Preah Vihear

Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...

http://www.cambodiadaily.com/selected-features/chinese-firms-foresee-industrial-hub-in-preah-vihear-14132/

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