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Coca-Cola To Probe Seven-Year-Old Cambodian Land Grab Case

Declaring that it has “zero tolerance” towards land grabbing, Coca-Cola has agreed to investigate a long running case in Cambodia where villagers are seeking court action against a company accused of seizing their land to make way for plantations linked to the supply of sugar ...

Eurasia Review News Staff
http://www.eurasiareview.com/09112013-coca-cola-probe-seven-year-old-cambodian-land-grab-case/

Central bank mulls its inflation response

Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising ...

http://www.phnompenhpost.com/index.php/2011080250793/Business/central-bank-mulls-its-inflation-response.html

New Private Hospital to Employ 208 Cambodians

A new high-end private hospital in Phnom Penh, a collaboration between Cambodia’s Sokimex and Ho Chi Minh City’s well-known Cho-Ray Hospital, is set to hire 280 Cambodian health care workers in the next year, according to a Sunday satatement posted on the City Hall website. ...

http://www.camnet.com.kh/cambodia.daily/

Insurance firms at loss through first three quarters

Insurance companies have operated at a loss through the first nine months of the year, paying out a total of $32.5 million over $20.4 million in generated revenues, according to data released by the Cambodian ReInsurance Company on Friday. Ty Atith, a senior underwriter at the ...

Rare tiger prey at risk from land concessions

Surveys conducted by the World Wildlife Foundation have revealed that the world’s largest population of banteng, an endangered species of cattle that once thrived in the Kingdom, remains at risk due to economic land concessions and poaching inside protected areas The number of banteng in Cambodia ...

http://www.phnompenhpost.com/index.php/2011092051735/National-news/rare-tiger-prey-at-risk-from-land-concessions.html

Lucky sells big stake to Asian retail giant

Big Asian retailer Dairy Farm Group has formed a joint venture with Cambodia’s Lucky Market Group, the operator of Lucky Supermarket and Lucky Burger, according to an announcement yesterday. LMG, which opened its first supermarket in 1993, will join a stable of brands already controlled by ...

http://www.phnompenhpost.com/index.php/2012031354993/Business/lucky-sells-big-stake-to-asian-retail-giant.html

Fire leaves 48 families homeless

The Cambodian Children’s Fund (CCF) said on Tuesday that 48 families have been made homeless after a fire swept through their homes in Phnom Penh on Sunday afternoon. No one was injured in the blaze, which happened in the Sambok Chab area of Meanchey district’s ...

Khorn Savi
https://www.phnompenhpost.com/national/fire-leaves-48-families-homeless

Japan to boost demining efforts

Japan today will provide more than $1 million in grant aid to two NGO’s for demining work, community healthcare projects and children support networks. The signing ceremony for the grant assistance totalling $1,052,298 will be held in the Japanese Embassy in Phnom Penh. An embassy statement ...

Mom Kunthear
https://www.khmertimeskh.com/50647698/japan-to-boost-demining-efforts/

‘Defamed’ Korean company denies Prey Lang illegal logging claims

The Prey Lang Community Network (PLCN) has alleged that Korean-owned Think Biotech (Cambodia) Co Ltd is illegally harvesting timber from resin trees in the Prey Lang Wildlife Sanctuary. But a company representative refuted the claim and accused the community of making up rumours to defame ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/defamed-korean-company-denies-prey-lang-illegal-logging-claims

Rice loans to be disbursed soon

Cambodia’s beleaguered rice millers can now breathe a sigh of relief after a tumultuous three months in what seemed to be government ineptitude in disbursing an emergency loan of $30 million to prevent them from becoming insolvent. In June, the Cambodia Rice Federation (CRF) announced that ...

Chea Vannak
http://www.khmertimeskh.com/news/29421/rice-loans-to-be-disbursed-soon/

Rat demining aid granted

The Cambodia Mine Action Centre has received a grant of more than $170,000 from APOPO, a rat-demining organization, to support the HeroRat activities in clearing landmines in Siem Reap province. Also, in 2018, CMACC will also receive $1.2 million from the United Nations Development Program ...

Pech Sotheary
http://www.khmertimeskh.com/5099140/rat-demining-aid-granted/

Accounting and finance top job listings

Cambodia’s accounting and finance industries have seen the healthiest growth over the past three months, followed by jobs in sales, hospitality, management and marketing, according to the latest report by jobs website Everjob. More than 2,500 positions in the accounting and finance sectors were listed on ...

Sum Manet
http://www.khmertimeskh.com/news/30601/accounting-and-finance-top-job-listings/

Go Communications buys out Cambodian agency

Malaysia-based GO Communications Group has acquired 100 percent of a public relations agency in Cambodia as a part of its ambitious plan to control a leading PR network in Southeast Asia, chief executive officer Michael De Kretser said In terms of foreign direct investment in Cambodia, ...

http://www.nationmultimedia.com/business/Go-Communications-buys-out-Cambodian-agency-30189095.html

Shots fired as families evicted

Police, military police and forestry officials evicted 100 families in Koh Kong province’s Smach Meanchey district yesterday, shooting into the air during the forcible removal to disperse villagers with the threat of violence. It was the second day of evictions in an area authorities say ...

http://www.phnompenhpost.com/2013030761809/National/shots-fired-as-families-evicted.html

Cambodia Officially Starts Trading Life Insurance

Cambodia on May 21 officially started to trade life insurance for first time in history with hope of supplementing social security and growth of insurance development in the kingdom. At the inauguration ceremony at 21st floor of Canadia Tower in Phnom Penh, His Excellency, Aun Porn Moniroth, secretary of state of finance ministry said: “it ...

http://thesoutheastasiaweekly.com

Raids Netted Excavators Owned by CPP Official

Twelve of the 29 excavators seized by military police in Kompong Thom province during Monday’s military police raids on illegal Tonle Sap reservoirs were confiscated from a farming collective run by a newly elected CPP commune chief. Peanh Poul, director of the Dry Rice Season Community, ...

Anti-Eviction Protesters Camp at US Embassy for Second Day

Anti-eviction protesters set up camp in front of the U.S. Embassy in Phnom Penh for a second day yesterday, but ended their protest in the early evening when a petition to U.S. President Barack Obama was taken into the diplomatic mission by an embassy guard. “The ...

http://www.cambodiadaily.com/news/protesters-camp-at-us-embassy-for-second-day-5358/

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 ...

http://www.phnompenhpost.com/index.php/2012111959801/Business/bank-of-china-launches-dual-currency-atm-card.html

Rights Committee Investigates Land Dispute

The government’s Human Rights Committee has visited villagers in a long-running land dispute in Battambang province to find out whether members of their community have been unfairly imprisoned in recent years for land encroachment, local authorities and villagers said yesterday. Officials from committee, which is headed ...

http://www.cambodiadaily.com

Two Men Charged With Smuggling Rosewood

The Kompong Thom Provincial Court yesterday charged two men with illegally logging 65 pieces of rosewood, the courts director Pen Sarat, said. Provincial police said the two 19 year old men were arrested Saturday morning while transporting about 1 105 kg of rosewood in Prasat ...

http://www.cambodiadaily.com/

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