Chinese firm takes over bus service, no bid needed
The Chinese-owned Global (Cambodia) Trade Development company takes over today as Phnom Penh’s new municipal bus operator, although City Hall said Tuesday that the company did not have to go through a bidding process to get the contract. The creation of a permanent public bus system ...
Simon Henderson and Sek Odom
http://www.cambodiadaily.com/news/chinese-firm-takes-over-bus-service-no-bid-needed-53513/
New report sees strong tourism growth
CBRE Cambodia’s latest MarketView report sees strong growth in Cambodia’s international tourism sector, with particularly strong in international arrivals resulting in growth in hotel occupancy rates and durations of stay. According to the May report, international arrivals in 2013 increased 17.5 per cent, to a total ...
Post Staff
http://www.phnompenhpost.com/real-estate/new-report-sees-strong-tourism-growth
Asean declaration allows Cambodia to flout human rights, warn campaigners
Human rights groups in Cambodia fear a new south-east Asian declaration of human rights could conversely offer the government in Phnom Penh a figleaf to clamp down on dissent. Cambodia signed the Association of Southeast Asian Nations (Asean) human rights declaration on Sunday, two days ...
Condolences for King Sihanouk Arrive From Home and Abroad
Local and foreign dignitaries offered their condolences to the royal family on news of the death in Beijing yesterday of King Father Norodom Sihanouk, who led his country out of colonial rule in the 1950s and went on to play a leading role in the country’s ...
Project aims to build latrines in rural areas
A new US$10.9 million grant from the Bill & Melinda Gates Foundation will fund a three-year project by international development NGO East Meets West (EMW) to improve sanitation and hygiene among the poor in rural Cambodia and Vietnam. According to EMW, the program seeks to combat the negative effects of ...
City's Water Authority Open to Bids
The Phnom Penh Water Supply Authority (PPWSA) will begin taking bids from investors tomorrow in order to determine the price and number of shares it will issue during its long-awaited initial public offering on Cambodia’s stock exchange, the company’s general director said yesterday. Investors will ...
Land Concessions Now at 1.2 Million Hectares, Official Says
The total number of land concessions offered by the government to private agro-industrial firms hit 1.19 million hectares, or 13.5 percent of Cambodia’s total land mass, a senior official at the Ministry of Agriculture said yesterday. The government figure undermines figures released late last year ...
Canadia, Gov't Look to Soothe Tax Process
With the deadline to pay annual property taxes rapidly approaching, hundreds of Phnom Penh homeowners queued this week at Canadia Bank’s headquarters on Monivong Boulevard to pay their tax bills in relative comfort, and avoid long visits to district and municipal taxation offices. Canadia Bank signed ...
The Week at the CSX
The price of the Phnom Penh Water Supply Authority stock over the Aug. 30-Sept. 5 period fluctuated from KHR 6,350 (US$1.57) to KHR 6,450 (US$1.59), but trading volumes went down to zero again on Aug. 31, the second time in the bourse’s short history. With ...
Kratie meet pushes dolphin protection
Residents of Kratie province had an education in conservation yesterday as the government and outside partners reiterated a September sub-decree banning gill nets on a sizable stretch of the Mekong in a bid to protect the badly endangered Mekong River dolphin. Touch Seang Tana, head of the Commission ...
Supporters Pray for Mam Sonando’s Release
More than a hundred supporters of imprisoned Beehive Radio owner Mam Sonando gathered at the Preah Ang Dang Keu Shrine in front of the Royal Palace yesterday morning to offer prayers for his release. Sporting shirts printed with photos of Mr. Sonando, the group lit candles ...
Hun Sen Takes Aim at US During Speech
Addressing the killing of 14-year-old Heng Chantha for the first time since she was shot dead last month by government security forces, Prime Minister Hun Sen offered his condolences before declaring that the killing of the teenager was not as serious as the U.S. bombing ...
Firms Go to Arbitration Over Failed Gold Mining License Deal
Despite touting its Cambodian venture on the Frankfurt Stock Exchange (FSE), a British registered mining firm’s plan to extract gold in Ratanakkiri province stalled and the firm may face legal action over a failed deal to obtain an exploration license. Astra Resources Plc. has also gone ...
Homeowners petition ADB
The occupants of 90 Phnom Penh households whose homes were partially or completely dismantled to make way for the Railway Rehabilitation Project partly funded by the ADB have demanded the bank offer them fair compensation. In a letter submitted to the Inter-Ministerial Resettlement Committee, the ADB, ...
http://www.phnompenhpost.com/2013052165738/National/homeowners-petition-adb.html
Canadia, Cambodia Post to Launch New Bank
Canadia Bank PLC and Cambodia’s postal service are expected to open a commercial bank next month with financial backing from one of Singapore’s largest financial institutions, officials and sources with knowledge of the venture said Thursday. The bank, known as Cambodia Post Bank PLC, will provide ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/canadia-cambodia-post-to-launch-new-bank-40699/
Construction on $35 Million Hospital Set to Begin in April
Construction on Phnom Penh’s first international-standard critical-care center is expected to begin in April, and when completed it will offer state-of-the-art medical technology and highly trained staff, according to an official with the Japanese firm in charge of the project. “[Construction] is supposed to start from ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/construction-on-35-million-hospital-set-to-begin-in-april-50596/
Deal falters, blame begins
Senior Cambodian People’s Party figures who have been at the forefront of negotiations with the opposition party yesterday offered lukewarm responses to the prospect of restarting talks that would bring an end to the opposition’s seven-month-long parliamentary boycott. Their position – that the opposition party was ...
Meas Sokchea
http://www.phnompenhpost.com/national/deal-falters-blame-begins
Tea Banh denies supporting Russia
Minister of Defence Tea Banh yesterday denied allegations that Cambodia supported Russia’s annexation of Crimea. Local media reported yesterday that during a meeting with the defence minister on Monday, Russian Ambassador Dmitry Tsvetkov thanked the Kingdom for supporting Moscow in the recent secession crisis in Ukraine ...
Cheang Sokha
http://www.phnompenhpost.com/national/tea-banh-denies-supporting-russia
On the World Cup clock
It’s day seven of the FIFA World Cup, and the night staff at Phnom Penh’s popular Score Sports Bar and Grill are looking a bit sleep-deprived. Score is paying its staff “very well” in extra wages during the World Cup for the long nights they ...
Kevin Ponniah
http://www.phnompenhpost.com/national/world-cup-clock
Firm begins process to determine IPO share price
Grand Twins International (Cambodia) Plc., a manufacturer of clothes for U.S. athletic brands, on Monday will begin recording investor demands to determine the price for an initial public offering (IPO) as part of the last steps to list on the Cambodian Stock Exchange (CSX), though ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/firm-begins-process-to-determine-ipo-share-price-53869/