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US Donates IT Equipment To Ministry of Defense

The U.S. Embassy donated more than 300 laptops and other assorted equipment valued at over $250,000 to the Ministry of Defense on Saturday, according to an embassy statement. The equipment will go to the Royal Cambodian Armed Forces’ priority units, which already receive training from the ...

Hedging China risks, Japan firms turn to booming SE Asia

Hiroshi Uematsu had a tough start in Cambodia, where he heads an economic zone that aims to attract business from his native Japan. He arrived just before the global financial crisis sent the Asian Economic Minnow’s exports into a tailspin and dried up investment interest. Now, ...

http://www.moneycontrol.com/news/world-news/hedging-china-risks-japan-firms-turn-to-booming-se-asia_778038.html

32 Land Concessions Approved Since Moratorium

Despite a moratorium on the granting of new economic land concessions (ELCs), the government has approved at least 32 ELCs since Prime Minister Hun Sen announced their suspension in May. According to sub-decrees dated from May onward and provided by local human rights group Adhoc, Mr. ...

http://www.cambodiadaily.com/news/32-land-concessions-approved-since-moratorium-5725/

Union representatives summoned

Union leaders representing workers on strike at the Tropicana Casino and Resort were served with a summons by the Banteay Meanchey provincial court yesterday after a complaint by the casino’s management. The court summons came around the time Sum Sam Ith, the Tropicana representative, sent ...

http://www.phnompenhpost.com/index.php/2012121160209/National-news/union-representatives-summonsed.html

Cambodia could tap up to 10,000 MW from hydroelectric dams

Cambodia has great potential in hydropower development and the country could build and tap up to 10,000 megawatts from hydropower dams, said an energy official on Thursday. “At the present, about 10 percent of the hydropower potential is under construction,” Heng Kunleang, chief of the energy ...

http://www.globaltimes.cn/content/750009.shtml

Cambodia battles to save rare Mekong dolphins

KRATIE (Cambodia): The sight of two dolphins twisting playfully in the murky waters of the Mekong river elicits barely-stifled squeals of delight from a boatload of eco-tourists. But a short distance upstream, river guard Pech Sokhan sighs as he holds up  two large, tangled gill nets ...

http://www.nst.com.my/latest/cambodia-battles-to-save-rare-mekong-dolphins-1.193943

Government Distributes Land For Landless And Poor People

Samdech Prime Minister Hun Sen on June 14 ordered line ministries to distribute land to landless and real poor people to contribute to strengthening social equity system in the kingdom. “Landless and real poor people will get a plot of land with land titles according to the obvious situation,” Premier said in the launching ceremony ...

http://thesoutheastasiaweekly.com/

Insurance becomes next emerging market

Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential ...

http://www.phnompenhpost.com/index.php/2012100959185/Business/insurance-to-be-cambodias-next-emerging-market.html

Indonesian Trader Close to $1.5b Cambodia Sales Deal

Trading company Galuh Prabu Trijaya is closing in on a deal with Cambodia that could boost sales of Indonesian fertilizer and agricultural machinery by $1.5 billion over five years. The deal would double Indonesia’s annual exports to the Mekong country, as the largest economy in Southeast ...

http://www.thejakartaglobe.com/business/indonesian-trader-close-to-15b-cambodia-sales-deal/550207

Review of Land Concessions Foiled by Rain, Leeches

Six months after Prime Minister Hun Sen ordered a moratorium on the granting of economic land concessions (ELCs) and a legal review of the concessions that already exist, the Agriculture Ministry has yet to begin the review process due to rain, and the danger of ...

http://www.cambodiadaily.com

Milled rice exports gaining traction

The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...

http://www.phnompenhpost.com/index.php/2012042455728/Business/milled-rice-exports-gaining-traction.html

UN Sees Cambodian Economic Growth Slowing in 2012

Economic growth in Cambodia is estimated to reach 6.7 percent this year, a 0.2 percent drop compared with 2011, the U.N. said in a report released on Friday, citing a modest slowdown in exports from Cambodia to the U.S. and Europe. In its Economic and Social ...

Svay Rieng Court Questions Victims in SEZ Shooting Case

The Svay Rieng Provincial Court on Friday questioned three female factory workers who were shot, allegedly by Bavet City Governor Chhouk Bundith, during a protest inside a special economic zone (SEZ) in February, the plaintiffs said. More than 20 union leaders and labor activists also gathered ...

PM arrives in Cambodia to attend ASEAN, East Asia summits

Prime Minister Manmohan Singh arrived in the Cambodian capital on Sunday to attend the ASEAN and East Asia Summits which will provide an opportunity for India to enhance its economic cooperation with the region amid lingering financial crisis in the western world. Singh is here for ...

http://ibnlive.in.com/news/pm-arrives-in-cambodia-to-attend-asean-east-asia-summits/306128-3.html

Agricultural options eyed in Cambodia

Representatives from over 100 Cambodian and Vietnamese companies gathered in Phnom Penh to seek agricultural investment opportunities between the two countries. Participants listened to reports on trade and co-operation opportunities in agriculture, forestry, aquaculture and seafood, delivered by representatives from both governments. They discussed Viet Nam’s ...

http://vietnamnews.vn/Agriculture/234150/agricultural-options-eyed-in-cambodia.html

Detained Russian's Company Under Investigation for Fraud

The company of Russian businessman Sergei Polonsky, who is currently being detained by Cambodian authorities after a maritime incident off the coast of Preah Sihanouk province last week, is being investigated by the Russian Interior Ministry for fraud, according to a statement on the ministry’s ...

http://www.cambodiadaily.com/news/detained-russians-company-under-investigation-for-fraud-7333/

Regional Bank, IMF Note Risks to Government's Dam Guarantee

The government’s guaranteed bailout of major infrastructure projects, such as the future 400-megawatt hydropower dam in Stung Treng province, requires a thorough assessment of forecasted risks – a capacity which the government currently does not possess, an Asian Development Bank (ADB) official said yesterday. Speaking on ...

http://www.cambodiadaily.com/news/regional-bank-imf-note-risks-to-governments-dam-guarantee-11269/

Shooting Victims’ Lawyers Denied Site Visit

Lawyers for the three women injured in a Feb. 20 shooting at a Special Economic Zone (SEZ) in Svay Rieng province were prevented from visiting the site of the shooting, allegedly on orders from the Council for the Development of Cambodia (CDC), a lawyer and ...

Two Arrested in Pursat as Further Evictions Loom

Two more people in Pursat province’s Veal Veng district have been arrested in conjunction with what local authorities are calling a secessionist plot, while provincial authorities threatened to demolish more homes if residents do not leave a disputed area, officials said yesterday. Deputy provincial court prosecutor ...

ANZ may sell Asia bank stakes due to stringent capital rules

Australia and New Zealand Banking Group (ANZ.AX) would consider selling some of its stakes in Asian banks if Australia does not ease stringent capital requirements, chief executive Mike Smith said on Wednesday. The plan raises questions about how Australia’s smallest ‘Big Four’ bank will meet the ...

http://uk.reuters.com/article/2012/08/15/us-anz-asia-idUKBRE87E04L20120815

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