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European Lawmakers Press for Probe of Land Concessions

Lawmakers from the European Union (E.U) are again urging the block’s trade commissioner to investigate Cambodia’s Economic Land Concessions (ELCs) over a raft of alleged rights abuses and consider revoking the duty free access their owners currently enjoy to member states. Going mostly to industrial ...

http://www.cambodiadaily.com

Draft of New Public Land Policy Is Released

The government on Friday released a draft of a new public policy guide on the county’s contentious land sector, a move that was welcomed by NGOs, who also called for the government to hold further consultations on the draft. Local rights groups have singled out ...

http://www.cambodiadaily.com/news/draft-of-new-public-land-policy-is-released-20672/

Sar Kheng Warns NGOs Not to Aid CNRP’s Demonstrations

Interior Minister Sar Kheng on Wednesday released a statement warning civil society groups that they would be in breach of their operating contracts should they offer support, directly or indirectly, to the opposition CNRP at its planned three-day demonstration beginning Sunday. The warning comes a day ...

Hul Reaksmey
http://www.cambodiadaily.com/elections/sar-kheng-warns-ngos-not-to-aid-cnrps-demonstrations-42204/

Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank

Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda Bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...

Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376

Cambodia Police, Garment Workers Clash Amid Strike

Police clashed Friday with a group of striking garment workers on the outskirts of Cambodia’s capital, leaving about 20 people injured, police and workers said. The incident occurred when thousands of striking workers-marching from a province bordering the capital-tried to get into the Phnom Penh Special ...

Sun Narin and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702303799404579283802423278442

Rainsy slams informal EU monitors

Opposition leader Sam Rainsy has rebuked the European Union over two low-profile election experts it sent to monitor July’s elections, claiming their presence had undermined Cambodian democracy. In a letter sent on Tuesday to Ugu Astuto, the EU’s top diplomat for South and Southeast Asia, Rainsy ...

Meas Sokchea and Kevin Ponniah
http://www.phnompenhpost.com/national/rainsy-slams-informal-eu-monitors

Floods Claim 39 Lives; Crops, Hundreds of Schools Damaged

The death toll from flooding across the country has risen to 39, while the Mekong River remains above emergency levels in Prey Veng and Kandal provinces, a government official said on Friday. Keo Vy, cabinet chief for the government’s National Committee for Disaster Management, said that ...

Khy Sovuthy and Hul Reaksmey
http://www.cambodiadaily.com/news/floods-claim-39-lives-crops-hundreds-of-schools-damaged-44434/

IFC Ombudsman to help settle Phnom Penh airport land dispute

Representatives for the hundreds of families facing eviction from homes around Phnom Penh International Airport have agreed to let the compliance ombudsman of the International Finance Corporation (IFC), the private investment arm of the World Bank, mediate a solution to the land dispute with the ...

Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/ifc-ombudsman-to-help-settle-phnom-penh-airport-land-dispute-53146/

Gov’t orders halt to Koh Pich expansion

The owner and developer of Koh Pich in Phnom Penh has been ordered by the government to scale back its expansion of the island, according to the Ministry of Water Resources and Meteorology. According to a statement posted to the ministry’s website on Wednesday, the Overseas ...

Mech Dara
http://www.cambodiadaily.com/news/govt-orders-halt-to-koh-pich-expansion-60029/

Royal Group Says Cambodia Air Still on Track

Local conglomerate Royal Group has denied that its join venture with Philippine Airlines (PAL) to create Cambodia’s second national carrier has stalled, despite recent remarks by PAL’s president that his company has delayed its investment due to the current political tension here. On Thursday, PAL’s president ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-says-cambodia-air-still-on-track-51082/

Man acquitted of 2007 murder of union leader Hy Vuthy

The Phnom Penh Municipal Court on Thursday acquitted Chan Sophon of the 2007 murder of union leader Hy Vuthy, overturning a 2012 conviction and an 18-year jail sentence that rights groups and Mr. Vuthy’s own union believe was cover for the real perpetrators. The judge ...

Eang Mengleng
http://www.cambodiadaily.com/news/man-acquitted-of-2007-murder-of-union-leader-hy-vuthy-51637/

Ten million riel reward for forest arsonists

The Siem Reap provincial Department of Agriculture, Forestry and Fisheries said it will offer a 10 million riel ($2,500) reward to those who provide information regarding the suspects responsible for setting ablaze more than 20ha of kranhuong timber forest land in Banteay Srei district. Department ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/ten-million-riel-reward-forest-arsonists

Toll may lose rail rights

A company with ties to one of China’s top state-owned firms will look to push Toll Royal Railways and its local partner Royal Group of Companies out of a 30-year railroad concession with pledge to invest nearly US$850 million to revamp existing lines and build an additional ...

http://www.phnompenhpost.com/index.php/2012082158175/Business/850m-backing-for-cambodias-railways.html

IMF cuts 2011 growth outlook to below 6%

Damage to Cambodia’s rice crop from widespread flooding earlier this year will likely cause economic growth to fall below 6 percent, according to the International Monetary Fund (IMF), which yesterday offered the lowest gross domestic product (GDP) prediction so far In a statement, the IMF chose ...

City Hall hands out Boeng Kak land titles

Marking another milestone in the years-long struggle between the government and the families of Phnom Penh’s Boeng Kak lake community, Phnom Penh Governor Kep Chuktema handed out 254 land titles to lakeside residents at City Hall on Saturday. But with the government shrouding the titling process ...

Kingdom’s consumers told to save gas

Economy and Finance Minister Keat Chhon yesterday urged consumers to limit their gasoline consumption in the face of rising prices, saying the Cambodian government would not boost the hundreds of millions of dollars he claimed it already offered in fuel subsidies. Speaking at the Ministry of ...

http://www.phnompenhpost.com/index.php/2012031354994/Business/kingdoms-consumers-told-to-save-gas.html

Aviation in the Kingdom soaring with new flights and airport plans

Cambodian aviation continues its ascent with the Oct. 1 launch of Singaporean low-cost carrier Tiger Airway’s daily direct service to Phnom Penh, ongoing airport expansions and the announcement of several new airport projects. Currently, there are more than 20 international airlines offering service to Cambodia for a ...

Cambodian Stock Exchange sees challenges, opportunities

I visited the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially “opened” a few months prior but no companies were listed yet. The trading room was filled with new desks and computer monitors, waiting for someone to power ...

http://www.chinapost.com.tw/business/global-markets/2012/05/07/340280/Cambodian-Stock.htm

Fire Insurance Costs Soar for Garment Sector

Large payouts last year by local insurance companies to two garment factory owners and regional natural catastrophes have resulted in a huge hike in the cost of fire insurance for commercial premises in Cambodia, brokers said. Cambodia’s insurance industry paid out some $24 million in fire ...

Wary of China, Companies Head to Cambodia

Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...

http://www.nytimes.com/2013/04/09/business/global/wary-of-events-in-china-foreign-investors-head-to-cambodia.html?pagewanted=all&_r=0

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