Raid of illegal gaming sites snares seven
Police in Phnom Penh’s Daun Penh district took part in a sting target took part in a sting targeting illegal computer gaming locations yesterday, arresting seven people and seizing 71 illicit machines across three locations in Phsar Thmey III village. ...
Kim Sarom
http://phnompenhpost.com
BUSINESS IN BRIEF 27/2: Cambodia, Laos Rubber
The area under Viet Nam Rubber Group’s cultivation in Laos and Cambodia totals 100,000 ha, including 27,000 ha under the group’s seven rubber projects in Laos. By the end of 2012, VRG had 21 rubber projects in Cambodia, including 19 rubber tree plantations and ...
http://english.vietnamnet.vn/fms/business/67334/business-in-brief-27-2.html
Abandoned documents at raided cockfighting ring suggest a network of local payoffs
A trove of documents left behind by law enforcement officials at a recently shuttered cockfighting ring allegedly owned by the nephew-in-law of Hun Sen appears to show organised payments to police and government officials across Kandal province. ...
Mech Dara and Daphne Chen
http://www.phnompenhpost.com/national-post-depth/abandoned-documents-raided-cockfighting-ring-allegedly-owned-hun-sens-law
Largest hydropower station on Mekong River starts operation
The largest hydropower station on Lancang River in southwest China’s Yunnan Province — known as the Mekong River in southeast Asia — went into operation Thursday with its first power generating unit up and running. The Nuozhadu hydroelectric station, located in the city of Pu’er, is ...
Office space growing as more firms set up shop in Phnom Penh
The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...
Buying property by installment on the increase
The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...
SISHA internal audit identifies no wrongdoing
Anti-human trafficking NGO SISHA announced the results of its internal audit yesterday, attempting to clear financial misconduct allegations made earlier this year. Retired police detective and founder of the NGO Steve Morrish came under fire in August after two of the charity’s former employees leaked information ...
Laignee Barron
http://www.phnompenhpost.com/national/sisha-internal-audit-identifies-no-wrongdoing
Brands ‘failing their workers’
European mega-brands are not doing enough to ensure that the Cambodian workers who make their products receive a basic living wage, according to a report released today. Tailored Wages, an analysis of 50 of Europe’s biggest clothing brands, found that many major high-street chains are doing ...
Alice Cuddy
http://www.phnompenhpost.com/national/brands-%E2%80%98failing-their-workers%E2%80%99
Rethinking investment laws
Cambodia’s 11-year-old investment law may be the most liberal in the region, according to the World Bank, but in practice, day-to-day business operations are far from simple, economists and business operators say. Mey Kalyan, senior adviser to the Supreme National Economic Council, said that despite a ...
Eddie Morton
http://www.phnompenhpost.com/business/rethinking-investment-laws
DefTech targets Cambodia, Myanmar jobs
Malaysia’s leading armoured vehicle maker DRB-Hicom Defence Technologies Sdn Bhd (DefTech) is setting its sights on Cambodia and Myanmar, said chief executive officer Amril Samsudin. ...
The Star News Staff
http://www.thestar.com.my/Business/Business-News/2014/04/21/DefTech-targets-Cambodia-Myanmar-jobs/
New MFI in town, ‘more still needed’
ORO Financecorp Plc held its official launch on Friday, joining the growing ranks of microfinance institutions in the Kingdom. ORO Financecorp started providing business, agricultural and tractor loans in January with a $4 million capital investment from Seng Enterprise Co Ltd of Cambodia and Creed Asia ...
Chan Muyhong
http://www.phnompenhpost.com/business/new-mfi-town-%E2%80%98more-still-needed%E2%80%99
Acleda sets aside $39M for branch expansion
Acleda Bank has reinvested $39 million of profits back into its operations instead of paying out dividends to shareholders, an announcement on its website states. It is the 11th time Alceda has opted to increase registered capital, with the latest top-up taking the bank’s total capital ...
May Kunmakara
http://www.phnompenhpost.com/business/acleda-sets-aside-39m-branch-expansion
Protest leads to second chance on nat’l exams
Amid strict reforms to guard against rampant cheating on the high-stakes national exam, education officials yesterday showed surprising leniency towards underperforming grade 12 students. In a notice released yesterday, the Ministry of Education instructed upper secondary schools to hold re-examinations for grade 12 students who failed ...
Chhay Channyda and Laignee Barron
http://www.phnompenhpost.com/national/protest-leads-second-chance-nat%E2%80%99l-exams
Cambodia's economy achieves 7 pct growth last year despite political row: central bank
Cambodia’s economy grew by 7 percent in 2013 even though political row over the July election has still persisted, the National Bank of Cambodia (NBC) said Tuesday. The growth was lower than that of 2012, which was up to 7.3 percent. “In 2013, Cambodia’s economy achieved ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/21/c_133062259.htm
Government audit five years late, lacking
More than five years after the close of the 2008 fiscal year, the National Audit Authority (NAA) on Thursday released its audit into the government’s financial management in 2008. The 38-page report is only the third such audit carried out since the department opened in 2000 ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-audit-five-years-late-lacking-57355/
Grand Twins’ share price continues to drop
The share price of Grand Twins International, a manufacturer for U.S. athletic apparel brands, on Tuesday sank for the fourth straight day since it was listed on the bourse last week, signaling that its initial listing price was too high, industry analysts said. “The pricing of ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/grand-twins-share-price-continues-to-drop-62374/
Data provides illustration of a constantly changing Cambodia
Cambodia is changing fast. Over the past decade, the capital city, Phnom Penh has expanded exponentially: its bodies of water have been filled in and green spaces diminished. Rural to urban migration has changed the shape of the countryside. Great shifts are under way and ...
Post Staff
http://www.phnompenhpost.com/7days/data-provides-illustration-constantly-changing-cambodia
World Bank raises growth forecast for Cambodia in 2014
The World Bank upwardly revised Monday its GDP growth forecast for Cambodia this year to 7.2 percent, up from its October projection of 7.0 percent. In explaining the higher forecast, the bank’s East Asia and Pacific Economic Update pointed to “the expectation of renewed confidence and ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=YjY5Zjc3MTUwZDg
Cambodia's treatment of Montagnard refugees focuses critics on Australia's asylum seeker deal
Cambodian authorities are hunting more than a dozen ethnic minority hill people from Vietnam, drawing international criticism and raising further doubts about Australia’s controversial agreement to send refugees to Phnom Penh. Babar Baloch, a spokesman for the United Nation High Commissioner for Refugees (UNHCR), warned ...
Lindsay Murdoch
http://www.smh.com.au/world/cambodias-treatment-of-montagnard-refugees-focuses-critics-on-australias-asylum-seeker-deal-20141203-11z808.html
Minister says national exam costs are fair
With the Grade 12 national high school exam about two weeks away, a group of five NGOs sent a letter to the Ministry of Education on Monday asking the government to prevent guesthouses from hiking their prices for students who have to stay overnight in ...
Huot Chanpav and Janelle Retka
https://www.cambodiadaily.com/news/minister-says-national-exam-costs-are-fair-91374/