Sihanoukville Port uncompetitive ahead of listing
Just months before Sihanoukville Autonomous Port is supposed to list on the Cambodia Securities Exchange, officials said yesterday that the state-owned enterprise is still more expensive and slower at processing goods than other ports in the region. An investor said that the problems confronting the port ...
Rise in Cargo Reflects a Diversifying Economy
The amount of air cargo entering and leaving Phnom Penh increased by almost 40 percent last year, and nearly 100,000 more business travelers to the capital were recorded during the first 11 months of last year compared to the same period in 2011, data from ...
http://www.cambodiadaily.com/business/rise-in-air-cargo-reflects-a-diversifying-economy-7214/
Cambodian PM greets large group of Chinese businesspeople
Cambodian Prime Minister Hun Sen on Thursday met with a large group of Chinese business executives visiting Cambodia to explore investment opportunities. To date, he said, the Sino-Cambodian relationship has reached the level of the Comprehensive Strategic Partnership of Cooperation. The premier said China has helped ...
http://news.xinhuanet.com/english/world/2013-02/28/c_132199209.htm
Siem Reap Hotel Dispute Has No End in Sight
A prolonged court case between two French investors in Siem Reap’s landmark Victoria Angkor hotel is at a standstill after auditors ordered by the Supreme Court to examine the hotel’s finances were denied access to the books this week. In a dispute that goes back to ...
http://www.cambodiadaily.com/business/investment-dispute-over-luxury-hotel-drags-on-7903/
Telecom Cambodia Suffers Amid Competition
State-owned Telecom Cambodia lost more than $40 million during the five-year tenure of director general Lao Saroeun, who is now set to move into a new government job despite an investigation into alleged corruption at the company, officials said yesterday. Speaking at the annual meeting ...
Malaysian couple jailed for starving maid to death
A Malaysian Court yesterday sentenced a couple to 24 years in jail for culpable homicide after their Cambodian maid starved to death while working for them in their home on the northwest coast of Penag, Agence France Press (AFP) reported. Cambodian opposition lawmaker and former ...
Rice shipments up 165 per cent
Exports of Cambodian milled rice rose sharply during the first four weeks of this year, and traders are optimistic about the demand in Asian markets, particularly China. Figures from the one-stop service office at the Council for the Development of Cambodia (CDC) show the Kingdom exported ...
http://www.phnompenhpost.com/2013022261557/Business/rice-shipments-up165-per-cent.html
History lesson: Minister tells US mayor of VN invasion
Foreign Minister Hor Namhong yesterday took a visit by Lowell, Massachusetts, Mayor Rodney Elliott to offer an impromptu history lesson, he said at a press conference yesterday. ...
Taing Vida
http://www.phnompenhpost.com/national/history-lesson-minister-tells-us-mayor-vn-invasion
Cambodia’s bourse sees record low volume
In the frenzied run-up to the national election Sunday, Phnom Penh has been the site of concerts, rallies and streets packed with campaigners. But the energy hasn’t spread to the halls of the Cambodia Securities Exchange. At the close of trading Tuesday, five business days had ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-bourse-sees-record-low-volume
Calls for speedy resolution of voter complaints
An election watchdog group is calling for a complaint investigation mechanism to efficiently collect and study allegations of voter fraud and disenfranchisement. ...
Chea Takihiro
http://www.khmertimeskh.com/news/13890/calls-for-speedy-resolution-of-voter-complaints/
Report on Worldwide Land Grabbing Zeroes In on Cambodia
A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in Stockholm by three Swedish NGOs, The Race for Land offers Cambodia as one ...
Tourism for fourth months of 2012
Report from tourism ministry said: in 2011, it gained 2.8 million tourist arrivals and harvested for 1.9 billion US dollars. For fourth months of 2012, we received over 1, 272,514 foreign tourists, an increase of over 27 percent if comparing the same period of last year. Tourism industry offered direct jobs of 350,000. Ministry urged to ...
Hun Sen offers ultimatum for CNRP officials: defect or risk a five-year ban
Prime Minister Hun Sen threatened yesterday to impose a five-year ban on more than 100 unnamed senior CNRP officials, seemingly under a controversial provision of the Law on Political Parties, while insisting that the main opposition party will indeed be dissolved this month by the ...
Niem Chheng, Ben Sokhean and Ananth Baliga
http://www.phnompenhpost.com/national/hun-sen-offers-ultimatum-cnrp-officials-defect-or-risk-five-year-ban
Bank of China launches dual currency ATM card
The Bank of China launched the first dual currency international bank card yesterday, part of a move to expand in the local market by offering both US dollar and Renminbi accounts on a single card. People can get the card for a deposit of US$10 at ...
Villagers in limbo as dam starts
Construction at the controversial Lower Sesan II dam site in Stung Treng province has already begun, according to villagers, who will today petition several ministries, the Chinese embassy and the headquarters of the Royal Group to open negotiations with them. According to the villagers, who travelled ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/villagers-limbo-dam-starts
Families of Svay Rieng crash victims reject compensation
The Svay Rieng Provincial Court director said Tuesday that the bus company involved in a deadly crash that killed 19 people and injured 21 in Svay Rieng province in May has had its latest compensation offer rejected by the victims’ families. ...
Aun Pheap
https://www.cambodiadaily.com/news/families-of-svay-rieng-crash-victims-reject-compensation-91456/
A year after law, acid easily available on streets
“What law? No one has ever come to speak to me about that,” said 33-year-old Lim Vannak, scanning the large plastic buckets of corrosive acids she had lined up on the pavement of Phnom Penh’s Street 144 on a recent morning. Acid in the wrong hands ...
Sek Odom and Alice Cuddy
http://www.cambodiadaily.com/news/a-year-after-law-acid-easily-available-on-streets-51663/
Cambodia's customs officials urge importers to pay "tax fees, not pay bribe"
Cambodia’s customs officials on Wednesday called on all importers to pay”tax fees as stated by law, not pay bribe”to customs officers. The appeal came after some Chinese importers have complained that Cambodian customs officers have increased tariffs for their imported products, or not allowed their ...
Asean-China-Center News Staff
http://www.asean-china-center.org/english/2013-11/14/c_132886796.htm
Kandal village emblem of Kingdom's domestic abuse problem
As the government issued a familiar package of platitudes and promises on International Women’s Day, a walk through a single rural village in Kandal offered a shocking glimpse into how widespread – and widely accepted – domestic abuse remains in the Kingdom. ...
Mech Dara and Erin Handley
http://www.phnompenhpost.com/national/kandal-village-emblem-kingdoms-domestic-abuse-problem
Imported Delays Cap Pharma Growth
Although the Ministry of Heath estimates that 40 to 50 percent of Cambodians use traditional medicine, the Kingdoms Pharmaceutical industry is growing rapidly. In 2012, according to the latest forecast from Business Monitor International (BMI) people in Cambodia spent $263 million on pharmaceuticals, compared with $217 ...
http://www.phnompenhpost.com/2013012861016/Business/import-delays-cap-pharma-growth.html