More than two dozen men held in Laos after logging
Twenty-eight Cambodians were arrested Thursday by Lao soldiers after crossing the border while logging rosewood, officials said yesterday. The Stung Treng provincial RCAF commander, Brigadier General Svay Ngorn, said yesterday that Stung Treng authorities were negotiating the men’s release with their Lao counterparts ...
Tax revenues from casinos climb 25 per cent in 2011
The Kingdom’s 27 casinos are set to generate about US$20 million in tax revenue for the government in 2011, a 25 per cent year-on-year increase, according to the Ministry of Economy and Finance. At least one government official, however, said the lack of a regulatory regime ...
Thailand's second-largest rice exporter invests $47m in mills
Asia Golden Rice (AGR), Thailand’s second-largest rice exporter, will invest $47 million to build milling plants in Cambodia capable of processing up to 1 million tons of rice per year, according to a company representative and reports from the Thai news media yesterday. “This will be ...
Hun Sen Hails Drop in Crime, but Complete Figures Withheld
Prime Minister Hun Sen heralded an overall 8 percent drop in the national crime rate during the interior Ministry’s annual conference yesterday and an even more dramatic 13 percent drop in felonies. For the second straight year, though, the ministry did not provide complete figures or ...
1.3 Million Visitors Arrive in First Semester for 2011
About 1.3 million International visitors arrived In Cambodia In semester one In 2011 with an Increase of 13.4 percent if comparIng to the same period last year, Tourism MInister announced at a semInar this week. “It is expected that about 2.8 million tourists will pour ...
Rice Grower to Set Up Farms in Cambodia and Myanmar
Hybrid rice producer SL Agritech Corp. plans to set up a plantation in Cambodia via a joint venture instead of shipping out produce from its Philippine farms, a ranking official said last week. “We are looking at starting the shipment of seeds to Cambodia and to ...
England Promises to Invest US$ 2.22 Billion in Cambodia
England promised to invest in Cambodian around US$ 2.22 billion make total investment projects in country during 7 month of the year increased up to US$ 5.5 billion, Council for Development of Cambodia (CDC)’s reported to the media. According to the report, in the first ...
Vietnamese bank upgrades business form to boost investment in Cambodia
The increasing number of Vietnamese investors gives more potential to the Cambodia market. Saigon Though Tin Commercial Bank (Sacombank), on October 5, opened fully its operation as a foreign bank in Cambodia where before it was just a branch in Phnom Penh after the business ...
Missing in Malaysia: Father says concerns fell on deaf ears
The father of an 18-year-old girl who he said had been missing in Malaysia for more than a year, has filed a complaint with the rights group Adhoc against the labour firm that sent her there. Minh Ngi, 46, from Preah Vihear province, said yesterday the ...
Villagers in Prey Long Forest seize load of illegal timber
Faced with continued illegal logging in Prey Long forest, villagers in Kompong Thom province’s Sandan district once again took the initiative to seize a large haul of illegal timber from local loggers. Villagers, however, said that local officials are complicit in the logging ring and ...
Thailand and Cambodia in talks over demand for migrant labor
Thailand has appealed to Cambodia to send more migrant workers to the country due to a high demand for labor following last year’s devastating floods, while Cambodia has in turn asked that Thailand render the migration process safer, speedier and cheaper, Choub Narth, deputy director ...
Dwindling water supplies put dry-season rice haul in danger
Dry-season rice farmers in some areas west of the Tonle Sap River and in eastern provinces are appealing to the government for help as the reservoirs they rely on for irrigation are drying up faster than usual, farmers and officials said yesterday. Officials at the ministries ...
Still No Arrest in Shooting of Special Economic Zone Workers
A day after Interior MInister Sar Kheng revealed that authorities had identified a suspect In the shootIng of three female factory workers at a special economic zone (SEZ) In Svay Rieng provInce, officials yesterday refused to reveal the identity of the gunman, who had still ...
Thai Firm Moves in to Build Koh Kong Power Plant
A Thai Company is conducting a feasibility study to build a coal-fired power plant in Koh Kong province and has already invested in a local firm with permission to develop the plant, according to officials and the company. in an announcement to the Thai Stock ...
Cambodia expects 7 pct GDP growth in 2012: Finance Minister
Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...
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60,000 Evicted in 2011 Alone; Majority From Phnom Penh
Nearly 60,000 people were forcibly evicted from their homes last year alone, often being moved to inadequate relocation sites where they face unemployment and rising debt levels, according to a report by rights group Adhoc released yesterday. A total of 59,904 people from 127 communities were ...
Supreme Court Wants $200K Cash Deposit in Renakse Case
The Supreme Court has requested that the owner of Phnom Penh’s shuttered Renakse Hotel deposit $200,000 with the court as proof that it is able to pay compensation to the hotel’s former manager, a lawyer said yesterday. In 2008, the rulIng CPP sold the French colonial-era ...
Net Profits at Acleda Bank Increased by 86% in 2011
Net profits at Acleda Bank increased by 86% to $49.4 million in 2011 as the company grew both its deposits and loan portfolio. in a statement released on Friday, Acleda said that loans grew by 35.4 percent to $989.4 million, while deposits at the bank ...
Maybank Cambodia aims to be in top 5 by 2015
Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...
Gov’t Launches Body in Effort to Up Rice Exports
The Ministry of Commerce is setting up a National Confederation for Rice Exporters to achieve Prime Minister Hun Sen’s target of exporting 1 million tons of milled rice by 2015. ...