Nhek Bun Chhay arrested
Khmer National United Party (KNUP) leader and former General Nhek Bun Chhay was arrested in Phnom Penh yesterday in relation to a 2007 drug bust in Kampong Speu province – a dramatic acceleration in a fall from grace that began with an alleged flirtation with ...
Meas Sokchea, Ananth Baliga and Mech Dara
http://www.phnompenhpost.com/national/nhek-bun-chhay-arrested
Investor Decries Export Tax on Cambodian Seafood
A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish processing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...
Cambodia suffers fewer natural disasters than Vietnam or Thailand
Cambodia suffered far fewer natural disasters than either Vietnam or Thailand over the last decade but twice as many as Laos, the World Bank said Monday. Data published in the annual World Development Report also showed that the incidence of natural hazards in Cambodia in between ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=NWIxNzIwYjE3MGZ
Cambodia’s low wages lure manufacturers away from China, other countries
Inside a gleaming white-and-blue garment factory in Cambodia stand rows of second-hand Singers — weathered sewing machines transported from a plant in China that closed last year. The Hong Kong-headquartered Top Form, which has 700 workers at the plant, is one of many businesses that have ...
Mikasa's Koh Rong factory Sees it join Japanese influx
Mikasa Corporation, a famous Japanese sports goods manufacturing company, is to invest more than $5 million in building a ball production factory in Cambodia’s Koh Kong Special Economic Zone (KKSEZ) and plans to start construction early next year according to officials. Hiroshi Suzuki, chief executive ...
Flood's deadly toll contested
Disputed figures surround the flood death toll in Banteay Meanchey province. Yesterday, Banteay Meanchey city hall spokesman Keo Ratanak rejected reports that more than 10 people had drowned in the province as a result of the flooding, saying: “The exact number is seven.” But according to numbers ...
http://www.phnompenhpost.com/index.php/2012100259036/National-news/floods-deadly-toll-contested.html
Slow year for Japanese investment
The Japanese embassy is reporting a $280 million drop in Japanese investment last year, but officials were quick to say that the numbers don’t necessarily reflect slumping investor confidence in Cambodia. Japanese investment in the Kingdom reached about $47.5 million in 2013, compared to $328 million ...
Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/slow-year-japanese-investment
True refuge still elusive for refugees
It took three illegal border crossings, several bribed officials and six months in an overcrowded detention centre before Mohammed Ibrahim* finally arrived in Cambodia. Four years later, the ethnic Rohingya, a victim of violence and oppression in strife-torn Rakhine state in Myanmar’s west, is one of ...
Amelia Woodside
http://www.phnompenhpost.com/national/true-refuge-still-elusive-refugees
EU Eyes Asean as Solution for Troubles at Home
As Europe continues to navigate its way through a two-year debt crisis, EU Trade Commissioner Karel De Gucht yesterday sought to put Europe at the center of Southeast Asia’s future at the EU-Asean Business Summit in Phnom Penh, and urged EU investors to take advantage ...
Cambodian rubber earnings fall
Following global supply growth and falling prices, Cambodian rubber has decreased in value over the past three months, according to industry experts. Men Sopheak, deputy director-general of the Chop Rubber Plantation, a major rubber exporter in Cambodia, said yesterday that the price of dried [natural] rubber ...
http://www.phnompenhpost.com/business/cambodian-rubber-earnings-fall
Filipino real estate firm targets local expats
Megaworld International a Philippines-based development company is expanding its operations in Cambodia in order to attract more of Cambodia’s growing middle class. They held an exhibition in Phnom Penh to entice locals to invest in the Manila property market. There are approximately 3000 residents in ...
E-Revolution equals jobs
The United Nations Industrial Development Organisation (UNIDO) in cooperation with a number of organisations launched a new e-waste management project yesterday in Cambodia in a bid to recycle the country’s burgeoning electronic waste and to provide job opportunities, as Hurleypalmerflatt opened an office in Cambodia to provide jobs for ...
Cambodia to Cooperate with Korean Prosecutors
Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...
Accounting for the Bourse
Financial experts in the Kingdom yesterday called on the banking sector to implement improved corporate governance and increase transparency in order to ensure confidence in companies ahead of trading on the Cambodian Securities Exchange. Banks in the country have been required to publicly disclose financial ...
http://www.phnompenhpost.com/index.php/2011081751090/Business/accounting-for-the-bourse.html
After record high, garment exports slow
As predicted by the International Monetary Fund and World Bank earlier this year, growth in Cambodia’s garment sector has started to slow due to weakening demand from markets in the US and Europe. According to the latest figures released by the Garment Manufacturers Association in Cambodia ...
Maybank plans Cambodia subsidiary
Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence ...
http://www.phnompenhpost.com/index.php/2012040455412/Business/maybank-plans-cambodia-subsidiary.html
B Meanchey Villagers Protest Over Land Titles
More than 170 villagers in Banteay Meanchey province locked in a land dispute with a local company protested yesterday in front of the provincial hall, seeking land titles in compliance with Prime Minister Hun Sen’s recent titling project. The families say they had been granted a ...
Fixed-line users rise
The number of fixed-line telephone subscribers in Cambodia increased by four per cent in 2012 compared to 2011, standing in sharp contrast to a mobile phone subscriber growth of 22 per cent in the same period, statistics show. According to figures from the Ministry of Posts ...
http://www.phnompenhpost.com/2013060466029/Business/fixed-line-users-rise.html
Bunong villagers upset at industrialist’s silence
Ethnic Bunong communities in Mondulkiri’s Bousraa commune will soon hold protests that will call on French industrialist Vincent Bollore to honour promises his firm made during a meeting with them in Paris in October, a representative has said. His Bollore investment group is a shareholder in ...
Kevin Ponniah
http://www.phnompenhpost.com/national/bunong-villagers-upset-industrialists-silence
Economy Should Do Well, Despite China Slowdown: Experts
Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...
Khoun Theara
http://www.voacambodia.com/content/economy-should-do-well-despite-china-slowdown-experts-cambodia-khmer/1748785.html