Electricity Vietnam No Longer Involved in Lower Sesan 2 Dam
Electricity Vietnam International (EVNI), a subsidiary of Vietnam’s state-owned electricity giant EVN, is no longer involved in the Lower Sesan 2 dam, a Vietnamese Embassy official confirmed yesterday. Cambodian conglomerate Royal Group and China’s Hydrolancang International Energy Co. Ltd. on Monday signed an agreement in Phnom ...
http://www.cambodiadaily.com/news/electricity-vietnam-no-longer-involved-in-lower-sesan-2-dam-6363/
PPWSA slide continues, as price sees correction
Sellers have dominated the Cambodia Securities Exchange for the last seven days of trading, and the downward trend for the single stock, Phnom Penh Water Supply Authority, was expected to continue into next week, experts said. PPWSA closed down 4.6 per cent yesterday at 7,250 riel ...
Villagers in Kampong Chhnang win land back
Prime Minister Hun Sen has reclassified 4,158 hectares of a massive land concession owned by the wife of Senator Lao Meng Khin from his own party for displaced families in Kampong Chhnang province. A jubilant representative of the 4,506 families who have long battled against ...
http://www.phnompenhpost.com/index.php/2012113060025/National-news/villagers-win-back-land.html
Cambodia passes fire prevention draft law
The Government of Cambodia on Friday passed a draft law on fire prevention in order to contribute to maintaining security, social safety, public order, and life and property protection, according to a media statement released after the weekly Cabinet meeting. In the meeting, Hun Sen ...
http://news.xinhuanet.com/english/world/2012-12/14/c_132041591.htm
Huge rosewood haul seized in Preah Vihear province
Senior members of the Royal Cambodian Armed Forces (RCAF) yesterday seized about a tonne of luxury rosewood near the house of a two-star general in the Choam Ksan district of Preah Vihear province after a night hunting for illegal smuggling. General Ngeth Chanthon, deputy general of ...
Official DisputesWhen Dam Clearing Ceased
A Stung Treng province district official on Sunday contradicted claims that logging in the area designated for the Sesan 2 dam had ceased a month ago, saying that it had only stopped last week after direct orders from the government to do so. On Thursday, Ministry ...
Chhorn Chansy
http://www.cambodiadaily.com/news/official-disputeswhen-dam-clearing-ceased-46002/
Ponzi scheme suspects’ cases sent to court: ACU
Three alleged members of a money-laundering operation worth more than $11 million who were arrested earlier this year in Phnom Penh have had their cases sent to court and are now awaiting trial, Om Yentieng, head of the Anti-Corruption Unit, said yesterday. The three suspects – ...
Vong Sokheng
http://www.phnompenhpost.com/national/ponzi-scheme-suspects%E2%80%99-cases-sent-court-acu
Orix Investment in Acleda Seen as Exploratory
Orix, a Japanese financial conglomerate, will acquire about $11 million shares in Acleda Bank PLC, Cambodia’s largest bank, by the year’s end, officials announced Wednesday, although industry executives said the investment appears only exploratory and likely won’t make more than a ripple in the banking ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/orix-investment-in-acleda-seen-as-exploratory-46968/
ANZ, MFI partner to bridge financial sectors
ANZ Royal Bank and local microfinance institution Hattha Kaksekar Limited (HKL) on Monday entered into the first partnership of its kind in Cambodia in a bid to bring together clients from either side of the financial spectrum. Following the signing of a Memorandum of Understanding at ...
George Styllis
http://www.cambodiadaily.com/business/anz-mfi-partner-to-bridge-financial-sectors-60902/
Delay Sesan dam: villagers
Villagers who will be displaced if the controversial Lower Sesan II dam is built called on the developers yesterday to postpone construction for five years, allowing time for a comprehensive resettlement scheme to be devised. But a government official dismissed their request as “beyond the pale”, ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/delay-sesan-dam-villagers
Cambodian human rights group asks Thailand to end killing Cambodian civilians
A Cambodian human rights group today asked the caretaker government of Thailand to end executions of Cambodia civilians after 15 Cambodians were shot dead this month. In its statement released today, The Cambodian Center for Human Rights (“CCHR”) expresses its deep concern regarding the continued arbitrary ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MTRjY2Q1MjFiYjk
87th anniversary of PLA marked in Cambodia
The 87th anniversary of the founding of the Chinese People’s Liberation Army (PLA) was celebrated on Friday with the participation of about 300 Chinese and military officers as well as foreign military attaches. The event, hosted by the Chinese Embassy in Cambodia, was presided over by ...
Ecns.cn News Staff
http://www.ecns.cn/2014/08-02/127445.shtml
Mobile Bonuses Axed After Firm Complaint
Minister of Posts and Telecommunications So Khun said Wednesday that the government’s decision last week to order all mobile phone firms to stop offering generous top-up bonuses came after one of the market’s competitors complained to the ministry. Ian Watson, CEO of Mobitel, denied complaining ...
http://www.cambodiadaily.com/business/mobile-bonuses-axed-after-firm-complaint-21436/
Regional Bank, IMF Note Risks to Government's Dam Guarantee
The government’s guaranteed bailout of major infrastructure projects, such as the future 400-megawatt hydropower dam in Stung Treng province, requires a thorough assessment of forecasted risks – a capacity which the government currently does not possess, an Asian Development Bank (ADB) official said yesterday. Speaking on ...
http://www.cambodiadaily.com/news/regional-bank-imf-note-risks-to-governments-dam-guarantee-11269/
Mortgage Lending Rises for New Home-Buyers
Cambodians, particularly young adults, are more often turning to banks to help them buy their homes, according to figures obtained from the National Bank of Cambodia (NBC) yesterday. From $179 million in 2008, the total sum lent out to those buyers fell to $94.5 million ...
http://www.cambodiadaily.com/business/mortgage-lending-rises-for-new-home-buyers-20083/
More Bunong, Kouy, and Kroeung people have graduated from the university and returned to support their communities
Ms. Somart Sokhaii is Bunong. She is among a few indigenous people to have succeeded in her higher education with a bachelor’s degree in Laws. ...
Sihanoukville power plant draws Royal Group's interest
The Royal Group, Cambodia’s biggest conglomerate, will be involved in funding future phases of a massive coal-fired power plant under construction in Preah Sihanouk province, a government official said yesterday, although details of the size of the investment or its timeline remain hazy. ...
Kali Kotoski
http://www.phnompenhpost.com/business/sihanoukville-power-plant-draws-royal-groups-interest
CPP Promises Oversight on Royal Group's Dam
The government has promised to monitor the progress of local conglomerate Royal Group in its implementation of a $781 million dam project in Stung Treng province, that has been guaranteed by the government, CPP lawmaker Cheam Yeap said yesterday. Mr. Yeap said yesterday that the ...
Swedish outcry has royal voice in midst
Growing calls in Sweden for multinational clothing giant H&M to increase wages for Cambodian garment workers have taken a royal twist. Cambodia’s Prince Charin Norodom, 38, who has lived in Sweden for more than 30 years, told the Post yesterday that he had been working behind ...
Only Funcinpec, CPP support of Royalism: Ranariddh
Prince Norodom Ranariddh said that only Funcinpec Party and Cambodian People’s Party are supporters of Royalism. ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/only-funcinpec-cpp-support-of-royalism:-ranariddh-8134