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Firm Plans Impact Assessments off Preah Sihanouk

Mirach Energy Ltd., formerly known as China Petrotech Holding Ltd. (CPHL), announced on Tuesday that its Cambodian counterpart, CPHL (Cambodia), had contracted two companies to conduct environmental impact studies for offshore assets in Block D, off the coast of Preah Sihanouk province. Mirach Energy said in ...

Thousands expected to visit Kep sea festival

At least 20,000 tourists and travellers will participate in the so-called “sea festival” at the end of this year, officials at the Kep province tourism department said. The two-day event, which started in 2011 as a tourism booster for the country’s coasts and beaches, was cancelled ...

http://www.phnompenhpost.com/business/thousands-expected-visit-kep-sea-festival

Fisherman files Anti-Corruption Unit complaint

A fisherman who survived a deadly collision after his boat smashed into a towboat off the south coast earlier this year filed a complaint Tuesday with the Anti-Corruption Unit, accusing a Koh Kong Prov­incial Court judge and his clerk of corruption after the judge allowed ...

Phorn Bopha and Hay Pisey
http://www.cambodiadaily.com/news/fisherman-files-anti-corruption-unit-complaint-54197/

Cambodia has shortage of capable human resource

The number of people seeking for jobs has been on the rise each day. However, companies, organizations and institutions are relentlessly complaining that human resource is both scarce and of low quality. Many students who have just graduated for about a year or two say they ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=14&token=OTNiZWMzYWFjMzU

Weighing risk and reward on construction sites

As the booming construction sector attracts more rural Cambodians to seek employment in the capital, the different working conditions between high-rises in urban areas and borey developments have factored into varying degrees of earning potential and living standards.According to estimates by the Ministry of Land ...

Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/weighing-risk-and-reward-construction-sites

Cambodian Public Bank offers loan repayment deals during COVID-19

Cambodian Public Bank is responding to the Coronavirus crisis by taking pro-active action to provide help to its customers in distress by restructuring and rescheduling their loans to eligible individual and business customers. ...

Khmer Times Staff
https://www.khmertimeskh.com/50710323/cambodian-public-bank-offers-loan-repayment-deals-during-covid-19/

VONG Pisith

Senior Data Research & GIS Officer /Capacity Building Coordinator Pisith works as a Senior Data Research & GIS Officer /Capacity Building Coordinator at Open Development Cambodia (ODC). He satisfactorily completed Engineering’s Degree of Geo-Resources and Geotechnical Engineering (GGE) from the Institute of Technology of Cambodia (ITC) ...

Cambodia Wants More Information on Taiwan's Heroin Haul

Police yesterday said they were seeking more information about a massive haul of heroin-allegedly transited through Cambodia-that was seized from a boat off the coast of Taiwan this week. The Taiwanese Justice Ministry’s Investigation Bureau says it found 70 kg of heroin hidden in a fishing ...

Vietnam needs more nuts

Cambodian cashew nut traders believe the market price for cashew nuts will increase, as demand from Vietnamese markets increases along with international demand. Vietnam’s domestic enterprise imported nearly 157,000 tonnes of raw cashew nuts in the first seven months of the year, mostly from Cambodia, ...

http://www.phnompenhpost.com/index.php/2012082458254/Business/vietnam-demands-more-cashew-nuts.html

Taiwanese firm in court over trafficking fishermen to Africa

A Taiwanese woman and five associates charged with trafficking Cambodians to work in slave-like conditions on fishing boats off the coast of Africa had their case heard by the Phnom Penh Municipal Court on Wednesday. Lin Yu Shin, the 54-year-old owner of the now defunct Giant ...

Eang Mengleng
http://www.cambodiadaily.com/news/taiwanese-firm-in-court-over-trafficking-fishermen-to-africa-55673/

The Kingdom’s first IPO

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

http://www.phnompenhpost.com/index.php/2012030854926/Business/the-kingdoms-first-ipo.html

Kampong Speu disputants ‘pressured’ to take sugar firm deal

Despite earlier statements by company representatives that $500 compensation packages being offered to land disputants at Ly Yong Phat’s Kampong Speu economic land concession (ELC) were negotiable, attendees of a meeting between company representatives and residents yesterday said they felt pressured to take the offer. ...

Chhay Channyda
http://www.phnompenhpost.com/national/kampong-speu-disputants-pressured-take-sugar-firm-deal

Cambodia will spend $67 million finance to restore infrastructure from last year flood damage

ADB (Asian development bank) pledged to offer $55 million loan for infrastructure restoration from flood damage last year in Cambodia. At the same time, AusAid also offered 5.25 million US dollars, and the Cambodian government will spend 6.39 million US dollars for the whole infrastructure ...

http://thesoutheastasiaweekly.com/?p=4483

EU offers grant for Kingdom’s Covid-19 fight

EU Ambassador to Cambodia Carmen Moreno applauded the country’s efforts to control the Covid-19 crisis and said the EU is transferring a €56 million ($66.7 million) grant to help restore the economy, said a Ministry of Economy and Finance press release. ...

Niem Chheng
https://www.phnompenhpost.com/national/eu-offers-grant-kingdoms-covid-19-fight

Displaced residents of land for new airport offered land swap

Kandal provincial governor Kong Sophorn told Khmer Times yesterday that 11 families who don’t want to accept a cash settlement for their land within the construction area of the new international airport can choose a “land swap” instead. ...

Son Minea
https://www.khmertimeskh.com/50924006/displaced-residents-of-land-for-new-airport-offered-land-swap/

Prime minister says VOD shutdown strengthens journalism, offers reporters government jobs

Despite a wave of international concern over the shutdown of independent media Voice of Democracy (VOD), Prime Minister Hun Sen said that the outlet’s license will not be restored and offered VOD reporters government jobs instead in a Facebook post Tuesday. ...

Khuon Narim
https://cambojanews.com/prime-minister-says-vod-shutdown-strengthens-journalism-offers-reporters-government-jobs/

Officials ask for more info ahead of drilling

Environment Minister Mok Mareth yesterday asked China National Offshore Oil Corporation (CNOOC) to provide more details on the environmental impact of its project, though he said that exploration for oil and gas would likely begin later this month. At a meeting at the Ministry of Environment, ...

Inspiring tech entrepreneurship

The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...

http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html

UDG to pay for damaged crops

A total of 13 out of 14 families locked in a land dispute with the Union Development Group in Koh Kong province on Tuesday accepted a compensation offer over crops destroyed by the company in January. Negotiations are also under way with the one family ...

Pech Sotheary
https://www.khmertimeskh.com/50500685/udg-to-pay-for-damaged-crops/

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