Angkor Gold Corp. Acquires the Andong Meas Concession in Cambodia
Angkor Gold Corp. (TSXV:ANK4) acquired Liberty Mining ad Transol Mining, owners of the 209 square kilometre Andong Meas concession in Cambodia. As quoted in the press release: “The Acquisition results in two significant accomplishments. First, it adds 100% ownership of an entirely new 209-square kilometre concession known ...
http://goldinvestingnews.com/27883/angkor-gold-corp-acquires-the-andong-meas-in-cambodia.html
250 Evacuated From Homes In Preah Vihear Due to Flood
More than 250 families in Preah Vihear province’s Preah Vihear City were evacuated from their homes yesterday and moved to higher ground due to flooding caused by persistent heavy rains that started last week, the provincial governor said. Preah Vihear Governor Oum Mara siad that the ...
Bridge to Be Built Over Flooded Road in B Meanchey
Amid flooding caused by heavy rain in Thailand, Banteay Meanchey provincial officials have commissioned the construction of a steel bridge over an inundated section of road on the outskirts of Poipet City, officials said yesterday. Flooding in Preah Vihear province, which started last week following heavy ...
Patrols in Prey Long Forest Find Signs of Illegal Logging
Community patrols of Prey Long forest by local villagers over the last few days have uncovered at least 65 cubic meters of illicitly cut timber and three chainsaws believed to belong to the illegal loggers. Soem Sean, a member of the Prey Long People’s Network, dedicated ...
Flash Floods, Heavy Rains Expected in 14 Provinces This Week
The government warned residents of 14 provinces yesterday to take precautions against possible flash floods caused by heavy rain, while the homes of almost 1,000 families have already been flooded in Banteay Meanchey province. The Ministry of Water Resources and Meteorology issued a statement yesterday calling ...
U.S. to aid Cambodia in agriculture, food security, environment
The United States will sign up to provide 18.5 million U.S. dollars to Cambodia to support the country’s priorities in agriculture, food security, and climate change adaptation and mitigation, according to a media release from the U.S. Embassy here on Thursday. The agreement will be signed ...
http://news.xinhuanet.com/english/world/2012-09/20/c_131863234.htm
Killer in Chut Wutty Case Walks Free Six Months Later
Rann Boroth, the only man convicted in the double killing six months ago of the country’s leading environmental activist, Chut Wutty, and military police officer, walked free from prison on Friday after the Koh Kong Provincial Court issued an order for his release. On October ...
Electricity Vietnam No Longer Involved in Lower Sesan 2 Dam
Electricity Vietnam International (EVNI), a subsidiary of Vietnam’s state-owned electricity giant EVN, is no longer Involved In the Lower Sesan 2 dam, a Vietnamese Embassy official confirmed yesterday. Cambodian conglomerate Royal Group and ChIna’s Hydrolancang International Energy Co. Ltd. on Monday signed an agreement In Phnom ...
http://www.cambodiadaily.com/news/electricity-vietnam-no-longer-involved-in-lower-sesan-2-dam-6363/
Villagers Still in the Dark About Lower Sesan Hydropower Dam
Thousands of villagers who will lose their land to the construction of the Lower Sesan 2 dam in Stung Treng province later this year have not been told of the government’s plans for their resettlement and compensation, a new study released yesterday shows. Through interviews with ...
Gag Order on Lawyers Sparked by Comments in Mfone Case
A controversial order instructing lawyers to consult the Cambodian Bar Association before making public statements was triggered by comments made by an attorney involved in the high-profile legal battle involving mobile operator Mfone, a spokesman confirmed on Monday. Kuoy Thunna—who is representing Chinese telecommunications firm Huawei ...
http://www.cambodiadaily.com/news/gag-order-on-lawyers-sparked-by-comments-in-mfone-case-10015/
Wage demands: Workers hit streets in bid for pay rise
More than a thousand garment workers went on strike yesterday morning to demand a minimum wage increase and better working conditions, following the failure of minimum wage negotiations between unions and employers on Monday. Some 600 workers in Kandal province yesterday protested in front of ...
Efforts to Stop Killings of Loggers in Thailand Crawl Forward
Thai and Cambodian foreign affairs officials have pledged to step up their efforts to stem the fatal shooting of Cambodians who illegally cross the border into Thailand to cut down rosewood trees, which fetch thousands of dollars per cubic meter on the black market. At a ...
China Exim Bank to put $235m in steel, media
The Export-Import Bank of China (Exim Bank) planned to invest US$235 million in two Cambodian mega projects, one of which was the modernisation of a TV station that one analyst said might not be necessary given the country’s level of development. During a meeting with Prime Minister ...
Loran Imex to launch $2m rice mill in 2013
Loran Import-Export Co Ltd, Cambodia’s largest milled-rice exporter, is scheduled to start construction on a new rice mill this month worth more than US$2 million, according to the company’s General Director Lim Bunheng. The mill will help reduce the flow of Cambodia’s paddy rice into neighbouring ...
TTY to open $6m rice milling plant in 2013
Cambodian-owned TTY corporation will invest US$6 million in a rice milling plant in Kampong Speu province, company officials said yesterday. Heng Sarath, TTY deputy director, said the factory would be built on national road 6, and would mill 20 tonnes of rice per year. Construction is ...
Visitors from Vietnam up 18 per cent in Q1
The number of Vietnamese tourists visiting Cambodia and Cambodians visiting Vietnam has increased recently, according to new data released by the Cambodian tourism ministry. Vietnam has the largest number of tourists visiting Cambodia at 600,000, or 21 per cent, of all international visitors. ...
Cambodia's economic growth predicted 6.6% in 2012: World Bank
PHNOM PENH: the World Bank here said May 23 that the economic growth of Cambodia will project 6.6 percent even though it slightly downed from last year growth, which was 6.9 percent. “Cambodian economy has continued its high growth path as real GDP expanded by 6.9 per cent in 2011 and is expected to ...
Cathay United Bank Plans To Buy Stake In Cambodia Counterpart
Cathay United Bank, the banking arm of Cathay Financial Holding Co., has agreed to acquire a 70 percent stake in a Cambodia bank, the financial holding company said Thursday. With the acquisition, Cathay United Bank will become the largest shareholder in Singapore Banking Corp. Ltd. (SBC Bank), while the original Singaporean investors will retain the remaining ...
Years After Eviction, Families Return In Search of Land Titles
More than 100 families in Stung Treng province have returned to land they were evicted from in 2007, hoping to acquire property titles after student volunteers arrived in the area to demarcate land under the titling program announced last month by Prime Minister Hun Sen. Stung ...
Chinese state firm in talks to take over rail project
With renovation work on the country’s dilapidated railway at a standstill, the Ministry of Public Works has entered into talks with a regional consortium backed by one of the largest firms in China to replace the railway’s current operator, officials said yesterday. Faced with a ...