Residents say 7NG is buying up White Building
After the development company 7NG completed the violent eviction of more than 1,400 families from Phnom Penh’s Dey Krahorm community in 2009, it set its sights on the adjacent White Building. The historic apartment block, which was built as a low-cost housing project under then Prince ...
Chan Cheuk Yin, Sun Heng and Matt Blomberg
http://www.cambodiadaily.com/news/residents-say-7ng-is-buying-up-white-building-67136/
Prime Minister appeals to rice millers not to lower paddy prices
Prime Minister Hun Sen on Wednesday appealed to rice millers and paddy buyers not to lower prices and to secure better rates for farmers facing difficulties in the early harvest season. The Cambodian Rice Federation (CRF) said the low prices were due to an influx ...
Thou Vireak
https://www.phnompenhpost.com/business/prime-minister-appeals-rice-millers-not-lower-paddy-prices
PM: ‘Peace and stability the bedrock of growth’
Prime Minister Hun Sen, speaking to thousands of Cambodian People’s Party faithful who had congregated on Koh Pich to commemorate the 41st Victory Day on Tuesday, said peace and political stability was the bedrock of Cambodia’s 7.1 per cent economic growth. Low inflation, a stable ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-peace-and-stability-bedrock-growth
Cambodia's debt a concern
An International Monetary Fund and World Bank report has questioned Cambodia’s ability to deal with future financial crises if government borrowing increases. While the report indicated that Cambodia was at low risk for severe debt problems, it highlighted the need for effective management of new debt ...
http://www.phnompenhpost.com/index.php/2012022954764/Business/cambodias-debt-a-concern.html
Sihanoukville to reopen five schools on September 13
Kouch Chamroeun, Governor of Preah Sihanouk Province, chaired a meeting to discuss the implementation of the Ministry of Education, Youth and Sports’ guidelines on teaching and learning in bulk for public educational institutions and Private in Preah Sihanouk Province, low risk, with the participation of ...
Khmer Times Staff
https://www.khmertimeskh.com/50930508/sihanoukville-to-reopen-five-schools-on-september-13/
Photo Said to Show SEZ Shooter With Police
A week and a half after a uniformed man opened fire on three female protesters at a special economic zone in Svay Rieng province, a photograph surfaced in a local newspaper on Friday showing the alleged gunman brandishing a pistol and surrounded by police and ...
Conference looks at status of the Kingdom's small but growing insurance sector
While Cambodia’s insurance sector has made significant progress over the past few years, it is still relatively small compared to other countries in the region and faces several hurdles. That was the judgment of Bou Chanphirou, deputy director of the financial industry department in the ...
Sharp fall in insurance claims
Claims in the Kingdom’s six insurance companies declined dramatically last year, while the total premium revenue sharply increased by more than 20 per cent year-on-year, official data from the General Insurance Association of Cambodia (GIAC) show. GIAC data shows total claims reached $4.8 million, down from ...
http://www.phnompenhpost.com/2013022061468/Business/sharp-fall-in-insurance-claims.html
A winning wager
Near the river in Phnom Penh and next to Diamond Island, there’s a huge, bunker-like building that is almost always a beehive of activity. Inside, there are people enjoying an evening concert or strolling around studying the decor, including large stone faces of the Buddha. Others, however, are occupied with more mundane matters-placing ...
Indirect trade with India unhealthy
CAMBODIA’S indirect trade and investments with India are possibly worth almost five times more than its direct economic activities, a situation deemed “unfavourable” to the country, an industry expert said yesterday. Direct trade and investments between the two countries hit a record $112 million last ...
http://www.phnompenhpost.com/2013031461933/Business/indirect-trade-with-india-unhealthy.html
Hun Sen Reaches for Ambitious Income Target
Going by the World Bank’s method of grouping nation states by their wealth, Cambodia this year could become a lower-middle income country. Not satisfied, however, with this graduation—a feat in itself from Cambodia’s position of extreme poverty just two decades ago when gross domestic product (GDP) ...
http://www.cambodiadaily.com/business/hun-sen-reaches-for-ambitious-income-target-18766/
Rubber Firm Accused of Illegal Deforestation
A rubber company that has been repeatedly accused of encroaching on communal land belonging to an ethnic minority in Ratanakkiri province has cleared 150 hectares of forest outside of its economic land concession (ELC) in the past month, according to the senior investigator for local ...
http://www.cambodiadaily.com/news/rubber-firm-accused-of-illegal-deforestation-20367/
Telecom Cambodia Suffers Amid Competition
State-owned Telecom Cambodia lost more than $40 million during the five-year tenure of director general Lao Saroeun, who is now set to move into a new government job despite an investigation into alleged corruption at the company, officials said yesterday. Speaking at the annual meeting ...
Tax revenue sees a 27 per cent jump
The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...
http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html
Report Says Quarter of Forests Have Been Cleared in 40 Years
Cambodia has lost almost a quarter of its forests in the past 40 years due to rapid development and China’s demand for timber, according to a new report released yesterday by the World Wildlife Fund (WWF) on the Greater Mekong Region. Looking at five countries in ...
Russian Boulevard land prices rising
The west end of Street 110, also known as Russian Boulevard, is attracting increasing interest from investors and retailers because of its vital role connecting Phnom Penh International Airport with the city centre. Local real estate experts estimate that land prices along the thoroughfare have risen ...
Post Staff
http://www.phnompenhpost.com/real-estate/russian-boulevard-land-prices-rising
Government Raises Salaries for Commune, Village Officials
The government has decided to double the salaries of local government officials at the commune and village level from the beginning of next year, according to a government sub-decree signed by Prime Minister Hun Sen shortly before the national election. The sub-decree, released in the Royal ...
Khy Sovuthy and Simon Henderson
http://www.cambodiadaily.com/news/government-raises-salaries-for-commune-village-officials-41574/
Season’s Bountiful Fish Catch Means Prahok Will Be Plentiful
Last week marked the end of the annual fishing season and many who had gathered on the riverbanks to buy and sell fish in the Russei Keo district of Phnom Penh called it the best season in years. An abundance of fish, there were bargain prices ...
Ben Sokhean and Malia Guyer-Stevens
http://www.cambodiadaily.com/news/seasons-bountiful-fish-catch-means-prahok-will-be-plentiful-50893/
Bag snatchings jump: EU
After being presented with statistics showing a more than 100 per cent rise in petty crime against foreigners, Minister of Interior Sar Kheng yesterday called on police officials to look into what’s causing the problem. Nicolas Baudouin, a spokesman for the French Embassy, confirmed that a ...
Vong Sokheng and Joe Freeman
http://www.phnompenhpost.com/national/bag-snatchings-jump-eu
More than 100 garment workers in two factories faint en masse
More than 100 garment and shoe factory workers fainted in two separate incidents Thursday, the first reported factory faintings of the year, according to local officials. Eighty-two garment workers fainted at the Crystal Martin factory in Kandal province after inhaling fumes from leaking battery acid, a ...
Aun Pheap
http://www.cambodiadaily.com/news/more-than-100-garment-workers-in-two-factories-faint-en-masse-53332/