Air Asia expands services, flights
Malaysia-based Air Asia will begin offering travel services in Cambodia, and may expand its flights to neighbouring countries, company officials said. The airline launched its first Air Asia Travel and Service Center in Phnom Penh yesterday. Air Asia will partner with tour operator Mekong Discovery. So Mara, ...
http://www.phnompenhpost.com/index.php/2011121353316/Business/air-asia-expands-services-flights.html
Banks covering their assets
Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. ...
Kali Kotoski
http://www.phnompenhpost.com/business/banks-covering-their-assets
Over 300 Cambodian protesters demand Laos to halt construction of Xayaburi dam
Over 300 Buddhist monks and Cambodian residents who live along Mekong River in Kampong Cham province, about 120km from Phnom Penh, gathered in the provincial town to demand for Laos to halt the construction of Xayaburi dam. “We want the Lao government to stop the construction of Xayaburi dam because it will affect the ...
Scammers pose as bank staffers
Acleda Bank is trying to protect its customers from getting bamboozled by a phone scam in which callers allegedly posing as bank employees ask for money transfers in exchange for a prize, according to a statement and ads placed in a local newspaper. An Acleda ...
http://www.phnompenhpost.com/2013070966730/Business/scammers-pose-as-bank-staffers.html
Anti-Corruption Unit to Investigate Telecom Cambodia Chief
The Anti-Corruption Unit (ACU) will launch an investigation into corruption allegations made by staff at Telecom Cambodia against its director-general Lao Sarouen, officials said yesterday. During a meeting with 295 Telecom Cambodia employees at the Ministry of Posts and Telecommunications, ACU chairman Om Yentieng told staff ...
http://www.cambodiadaily.com/news/anti-corruption-unit-to-investigate-telecom-cambodia-chief-12103/
Three new witnesses called in Chut Wutty case
Three more witnesses have been summonsed for questioning over the fatal shooting of prominent environmentalist Chut Wutty and military police officer In Rattana, rights groups said yesterday. In Kongchit, Koh Kong provincial coordinator for rights group Licadho, said yesterday that deputy prosecutor Srey Mak Ny had ...
Capital to host tourism fair
For the first time in the event’s 37-year history, Cambodia is to host the annual Pacific Asian Tourism Association Travel Mart (PTM), an annual tourism trade fair organised by the multinational tourism body. so Visothy, director of marketing and information at the Ministry of Tourism, said ...
Chan Muyhong
http://www.phnompenhpost.com/business/capital-host-tourism-fair
More than 1,800 families seek help
About 60 people representing 1,850 families from seven villages in Battambang province’s Sampov Loun district yesterday petitioned Interior Minister Sar Kheng and Prime Minister Hun Sen for intervention in a land dispute. Villagers claim that district authorities leased 4,095 hectares of their land in Chrey ...
Anti-Graft Unit to Give Telecom Staff Anti-Corruption Education
The Anti-Corruption Unit (ACU) has ordered staff at Telecom Cambodia to attend a meeting today in order to “educate” them about the country’s Anti-Corruption Law after they made graft allegations and held demonstrations against the firm’s director-general Lao Sarouen earlier this month, Minister of Posts ...
Acleda joins WEF growth club
Cambodia’s largest financial institution, Acleda Bank, has been adopted into the World Economic Forum’s group of Global Growth Companies (GGC), an exclusive club made up of some of the world’s fastest-growing medium-size firms. The WEF yesterday announced that 20 companies from the Asia-Pacific region had been ...
Eddie Morton
http://www.phnompenhpost.com/business/acleda-joins-wef-growth-club
iPhone struggles for a place in Cambodian market
It will not be enough for Apple to simply offer a cheaper iPhone for the company to gain share in the competitive Cambodian smartphone market, according to industry insiders. They say Apple’s operating system, iOS, may also restrict their potential growth. Bloomberg last week reported that Apple ...
Printing industry growing in the region
The printing industry, especially for packaging, is growing in Cambodia and the region, participants at a trade event in Phnom Penh said on Monday. “It has certainly developed, the demand is slowly rising,” Karen Prager, business unit manager at Rieckermann Cambodia, told the Post. The Drupa ...
Combi plans $1.5m factory for baby goods
CONSTRUCTION is progressing on a $1.5 million baby-products factory that will be among the largest in the Phnom Penh Special Economic Zone (PPSEZ). Combi (Cambodia), which owns the factory, announced the plans for its new facility in an online job listing yesterday. The five-hectare factory was scheduled ...
http://www.phnompenhpost.com/2013032164550/Business/combi-plans-1-5m-factory-for-baby-goods.html
MobiTel, Smart Fight It Out Over Prices
With competition rife in Cambodia’s telecommunication market, two of the country’s largest mobile phone operators have engaged in a battle over prices and are at odds over the tactics being used to gain market share. On Friday, the Telecommunication Regulator of Cambodia (TRC) ordered all mobile ...
http://www.cambodiadaily.com/news/mobitel-smart-fight-it-out-over-prices-21085/
$1M Damage as Blaze Guts Siem Reap Market
A fire sparked by an electrical fault ripped through the Doeum Kralanh market in Siem Reap City early Friday morning destroying 200 stalls and causing more than $1 million in damage, according to market traders and police officials. The 8,000-square-meter market in Kokchak commune housed a ...
http://www.cambodiadaily.com/news/1m-damage-as-blaze-guts-siem-reap-market-33787/
Drug sting snares policeman’s son, commune council member
The son of a police lieutenant colonel and a member of a commune council were among four people arrested Thursday in Kompong Thom province for dealing drugs and were remanded in custody, a court prosecutor said Friday. ...
Kang Sothear
https://www.cambodiadaily.com/news/drug-sting-snares-policemans-son-commune-council-member-79248/
Japan to Give $840,000 To Demining Projects
Japan signed an agreement Thursday with the Japan Mine Action Service (JMAS) to provide $839,363 to deining projects in Battambang province, which will benefit about 5,500 residents. Together with the Cambodian Mine Action Center (CMAC), which will receive almost half of the donations from Japan, JMAS ...
$2m missing: telecom staff
More than 200 employees of Telecom Cambodia demonstrated yesterday morning, demanding the company’s general director step down and that the Anti-Corruption Unit investigate the company. The strikers claimed general director Lao Saroeun had been involved in large-scale embezzlement, other forms of corruption and disrespect ...
http://www.phnompenhpost.com/2013021461353/National/2m-missing-telecom-staff.html
Ministry Cancels Telco Limits
An often flouted and publicly unpopular restriction forbidding Cambodia’s telecoms from offering lucrative mobile phone promotions was scrapped on Sunday, just two weeks after it was introduced. In a letter from the Ministry of Posts and Telecommunications (MPTC), signed by Minister So Khun, it announced a ...
http://www.phnompenhpost.com/2013050765438/Business/ministry-cancels-telco-limits.html
Telecom Cambodia Corruption Investigation Needs Time
The minister of posts and telecommunications yesterday said he needs more time to investigate corruption and mismanagement allegations at state-owned firm Telecom Cambodia before involving other government institutions. Telecom Cambodia director-general Lao Saroeun is officially on sick leave, but staff at the company say they were ...