Gov’t halts building of Koh Rong island port
A Sihanoukville provincial coastal working group has ordered tycoon Kith Meng’s Royal Group to stop building a port on Koh Rong, saying the development was illegal. ...
Mech Dara
http://www.phnompenhpost.com/national/govt-halts-building-koh-rong-island-port
Palm oil yields up as crop matures
Export of crude palm oil from Mong Reththy Group, the Kingdom’s only active producer, doubled during the first half of the year despite prices showing no indication of improving, a company executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/palm-oil-yields-crop-matures
Approved foreign investment drops 43%
The value of foreign investments approved by the government in the first half of this year has dropped more than 43 percent, according to the Council for the Development of Cambodia (CDC), with experts laying the blame on global and regional economic slowdowns. ...
May Kunmakara
http://www.khmertimeskh.com/news/30443/approved-foreign-investment-drops-43-/
Manufacturers seek help to upgrade products for export to ASEAN
Local manufacturers are calling for government support to help them make their products meet quality standards set by other members of ASEAN – standards they say will be the major barrier to access the regional market as the ASEAN Economic Community (AEC) kicks off at ...
Timber burned at Mondulkiri ELC
Hundreds of logs of timber, including luxury wood, as well as sawmill camps were torched at a controversial Vietnamese-owned economic land concession in Mondulkiri province’s Keo Seima district in an apparent bid to destroy evidence of illegal logging ahead of a raid by a new ...
Phak Seangly
http://www.phnompenhpost.com/national/timber-burned-mondulkiri-elc
Krabey island resort 70% complete
A $20 million resort being developed on Krabey Island off the coast from Sihanoukville is about 70 percent complete and will open on schedule in mid-2017, according the Ministry of Tourism. Tourism Minister Thong Khon told Khmer Times that the island development was progressing as planned, ...
Sok Chan
http://www.khmertimeskh.com/news/29359/krabey-island-resort-70--complete/
Rubber producers want export taxes scrapped
A group of private sector rubber producers have petitioned the government to drop export taxes on rubber products, arguing that by scrapping the tax the sector would attract foreign investment into processing factories. ក្រុមអ្នកផលិតកៅស៊ូចង់នាំឱ្យពន្ធនាំចេញត្រូវលុបចោលក្រុមអ្នកផលិតកៅស៊ូឯកជនមួយបានដាក់ញ្ញត្តិទៅរដ្ឋាភិបាលដើម្បីទម្លាក់ចោលពន្ធនាំចេញផលិតផលកៅស៊ូ ដែលលើកឡើងថា ការមិនយកពន្ធនាំចេញនៃវិស័យនេះអាចនឹងទាក់ទាញវិនិយោគិនបរទេសមកដំឡើងរោងចក្រកែច្នៃ។ ...
Post Staff
http://www.phnompenhpost.com/business/rubber-producers-want-export-taxes-scrapped
Ven Vorn loses appeal
Environmental campaigner and Areng Valley community leader Ven Vorn lost his appeal against his one-year suspended sentence for “collecting forest products without permission” yesterday at the Appeals Court. Judge Kim Danny did not give reasons why the court decided to uphold the March ruling of the ...
Pech Sotheary
http://www.khmertimeskh.com/news/30048/ven-vorn-loses-appeal/
Ministry supports informal saving groups
The Ministry of Rural Development (MRD) announced yesterday that it plans to support the growth of NGO-backed community saving groups in a move to help members of these currently unregulated groups establish funding pools that can be accessed without the need for collateral. ...
Hor Kimsay
http://www.phnompenhpost.com/business/ministry-supports-informal-saving-groups
Japan firm eyes stake in local MFI Chamroeun
Cambodian microfinance institution (MFI) Chamroeun Microfinance Plc is negotiating with Japanese firm Renet Japan Group to sell a 90 percent stake in the MFI to the Japanese used goods dealer, according to Nikkei Asian Review. ...
Post Staff
http://www.phnompenhpost.com/business/japan-firm-eyes-stake-local-mfi-chamroeun
Hitachi forms joint venture with CMED
Japan’s Hitachi Ltd has officially entered into a joint venture partnership with the local construction company CMED Group Co Ltd, aimed at expanding its sales, installation and maintenance services for elevators and escalators throughout the Kingdom, the company announced on Friday. ...
Post Staff
http://www.phnompenhpost.com/business/hitachi-forms-joint-venture-cmed
Legal firm to help elite gain dual citizenship
A NEW international law firm is preparing to set up shop to provide foreign citizenship or residency services to Cambodia’s wealthy elite by helping to facilitate large overseas investments as well as business expansion plans. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/legal-firm-help-elite-gain-dual-citizenship
Rubber exports jump as smugglers siphon off profits
The total amount of rubber exported by Cambodia surged 30 percent last year, but widespread rubber smuggling on the Vietnamese border crippled potential profits from the booming industry. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-jump-smugglers-siphon-profits
Koh Rong land hard titles released to fasttrack Island Development Plan
After the government confirmed legal land titles to residents of Koh Rong and ends conflict and uncertainty between land of residents and land of companies on 14 July 2017, it is highly likely that land prices will skyrocket and Koh Rong will change its new ...
Brighton to buy Indonesia manganese, Cambodia gold projects
ASX-listed junior Brighton Mining Group on Wednesday announced that it would buy two unlisted companies to gain control of high-grade manganese project in Indonesia, and gold projects in Cambodia. Brighton Mining holds a 70% shareholding in Summer Gold Investments, which holds two mineral concession areas ...
Creamer Media's Mining Weekly News Staff
http://www.miningweekly.com/article/brighton-to-buy-indonesia-manganese-cambodia-gold-projects-2013-12-04
Villagers agree to remeasuring of disputed land
Villagers caught in a land dispute with an agribusiness firm in Kompong Speu province Wednesday attempted to reclaim farmland they say is theirs, but were thwarted by provincial authorities, who appeased them by promising to measure the land again. About 250 families in Phnom Sruoch district ...
Ben Sokhean
http://www.cambodiadaily.com/news/villagers-agree-to-remeasuring-of-disputed-land-63077/
Koh Kong families claim homes torn down
Representatives of Chinese company Tianjin Union Development Group, backed by soldiers, began tearing down villagers’ houses in Koh Kong province yesterday, community representatives and a district governor said. Botum Sakor district governor On Phearak said yesterday that company representatives had come to clear the resiDents’ ...
Sen David
http://www.phnompenhpost.com/national/koh-kong-families-claim-homes-torn-down
OCK sees surge in telco jobs, aiming for RM20mil Cambodian job
OCK Group Bhd expects to double its order book size in the telecommunication segment from the current RM70mil, as the company targets to win more contracts from local telecommunication companies (telcos) and expand its business overseas. Managing director Sam Ooi Chin Khoon said the company was ...
Boeng Kak evictees protest at Singapore Embassy
A small group of evictees from Phnom Penh’s Boeng Kak neighborhood protested in front of the Singapore Embassy Monday morning against a Singaporean company’s plan to buy a plot of land inside the neighborhood, from which they say they were pushed out illegally. ...
Mech Dara
http://www.cambodiadaily.com/news/boeng-kak-evictees-protest-at-singapore-embassy-65708/
Villagers blocked from stopping construction
Security guards hired by the Chinese-owned Union Development Group (UDG) thwarted an attempt Friday by 10 villagers to bring a halt to the company’s clearing of land in Koh Kong province, locals said. ...
Khuon Narim
http://www.cambodiadaily.com/news/villagers-blocked-from-stopping-construction-71588/