Koh Rong airport plans foggy
Plans are in place for a new $10 million international airport on Koh Rong island, but questions remain as to when construction would commence and when funding would be available. Designs for the roughly 7,200-square-metre airport terminal, which will consist of Khmer- and resort-style architecture, were ...
http://www.phnompenhpost.com/2013040564911/Business/koh-rong-airport-plans-foggy.html
Cambodian PM vows to bring greater prosperity to his people
Cambodian Prime Minister Hun Sen said he had set a vision that his country will be among countries with upper middle income by the year of 2030. He said Cambodia has laid out strategies and action plans to achieve an annual economic growth of 6-7 ...
http://www.chinadaily.com.cn/business/boao2013/2013-04/04/content_16376913.htm
Group Lease boosts Singapore unit to fund Cambodia operation
Group Lease has decided to raise the capital of its wholly owned Singaporean subsidiary Group Lease Holdings to serve as the main funding source for its Cambodian motorcycle leasing operations after six months of satisfactory trial operations there. Cambodia, which is managed by Group Lease’s ...
Sub-Decree Regulating Public Service Is Passed
The Council of Ministers on Friday approved a sub-decree designed to regulate the performance of the government’s administration by chastising institutions that fail to properly carry out their work in delivering public services. Though the legislation does not carry any punishment for officials that fail in ...
Activist sent fleeing after report on graft
An opposition activist in Siem Reap province’s Varin district said he has fled his home upon receiving word that men in military dress were asking about his whereabouts after he spoke to the press about allegations of military corruption stuffed into a ballot box on ...
http://www.phnompenhpost.com/national/activist-sent-fleeing-after-report-graft
Majority of Unions Reduce Wage Demands
Six of the 10 labor unions negotiating with the country’s garment manufacturers over a new minimum wage for factory workers dropped their demands yesterday to $73 per month, breaking previous commitments by unions to stand at $91. Ken Loo, secretary-general of the Garment Manufacturers Association ...
IMF Says Cambodia’s Economic ‘Takeoff’ Not Yet Sustainable
Government action will be needed to ensure that nearly two decades of impressive economic growth continues in Cambodia, the International Monetary Fund (IMF) said in a report published Wednesday. In its 2013 World Economic Outlook, the IMF put Cambodia’s gross domestic product (GDP) growth for 2012 ...
http://www.cambodiadaily.com/business/imf-says-cambodias-economic-takeoff-not-yet-sustainable-18880/
Preah Vihear Authorities Destroy Airfield Homes
Authorities have demolished the homes of 25 families living on the site of an obsolete airfield in Preah Vihear province’s Choam Ksan district, a rights group and the families said Sunday. The families were ordered to move off the land on Wednesday, with the district governor ...
http://www.cambodiadaily.com/news/preah-vihear-authorities-destroy-airfield-homes-20688/
Cambodia sells more, buys less
Trade between Thailand and Cambodia went off in a wild divergence in the first quarter of this year. Exports from Cambodia rose 19% to US$102 million (2.9 billion baht) year-on-year, while Thailand’s imports recorded a 4% decline to $1 billion, the Phnom Penh Post reported on ...
http://www.bangkokpost.com/breakingnews/351002/strong-baht-sends-thai-exports-to-cambodia-down
Mobile Bonuses Axed After Firm Complaint
Minister of Posts and Telecommunications So Khun said Wednesday that the government’s decision last week to order all mobile phone firms to stop offering generous top-up bonuses came after one of the market’s competitors complained to the ministry. Ian Watson, CEO of Mobitel, denied complaining ...
http://www.cambodiadaily.com/business/mobile-bonuses-axed-after-firm-complaint-21436/
Chevrolet autos aim to tap into demand for new cars in Cambodia
Chevrolet, one of America’s iconic brand autos, officially launched its first dealership here on Monday, aiming at tapping into the country’s growing market for new vehicles. Martin Apfel, president of the US’ General Motors to Southeast Asia Operations, said at the launching ceremony at the cars’ ...
Gold resource in northeastern Cambodia estimated at 1.2 mln ounces
Australia’s Renaissance Minerals (Cambodia) Ltd. unveiled Thursday that it estimated that gold resource[s] at O’kvau area in Cambodia’s Mondolkiri province could be as much as 1.2 million ounces, the firm’s Managing Director Justin Tremain said. Speaking during a meeting with Cambodian Minister of Industry, Mines and ...
Hun Sen Orders Toxic Ice Factory Shut Down
Prime Minister Hun Sen said Saturday that he had ordered a Phnom Penh ice-making factory to shut down, after pungent chemical emissions from the plant in Russei Keo district caused more than 100 nearby residents to be hospitalized with breathing problems on Friday. At least 20 ...
http://www.cambodiadaily.com/news/hun-sen-orders-toxic-ice-factory-shut-down-23617/
Seven Feared Trapped in Gold Mine Collapse
A gold mine shaft has collapsed in Preah Vihear province, trapping at least seven miners, officials said Monday. The collapse took place in a shaft that is typically mined by up to 60 people at a time, he [Rovieng Police Chief Sin Thorn]. Sin Thorn said ...
http://www.voacambodia.com/content/seven-feared-trapped-in-gold-mine-collapse/1664837.html
Sugar Firm Staff Protest Over Unpaid Wages
About 250 laborers working at a newly opened $90-million sugar factory complex in Kratie province-hailed by the government as a boon to Cambodia’s economy-staged a protest last Saturday morning demanding to be reimbursed for two weeks worth of unpaid wages. District governor Heng Soha acted ...
Rubber firm has plans in Cambodia
Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubBer inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubBer,” ...
http://www.phnompenhpost.com/2013062866536/Business/rubber-firm-has-plans-in-cambodia.html
Cambodian opposition chief arrives home after 4 years in exile
Cambodia’s charismatic opposition leader Sam Rainsy arrived in his home country on Friday morning after spending nearly four years abroad in self-imposed exile to avoid an 11-year prison sentence on charges of disinformation and destruction of public property. Hun Sen said his request to the ...
http://news.xinhuanet.com/english/world/2013-07/19/c_132555198.htm
Sathapana borrows $15m for micro loans
Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...
http://www.phnompenhpost.com/business/sathapana-borrows-15m-micro-loans
Flood forces Cambodia to cancel Water Festival
Cambodia announced Sunday to cancel the annual Water Festival next month since the country has been hit hard by Mekong flash floods, the government said in a statement on Sunday. “This year, Mekong floods have been severely hitting Cambodia, claiming human lives and inundating houses, schools, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/06/c_132775489.htm
Cambodian deputy PM leads delegation to China for bilateral meeting
Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong will lead a group of senior officials representing relevant ministries to attend the first meeting of Cambodia-China Intergovernmental Coordination Committee to be held from Jan. 1 to 3 in beijing. The Cambodian Ministry of Foreign Affairs said ...
People's Daily Online News Staff
http://english.peopledaily.com.cn/90883/8499809.html