Two More Families Drop Sugar Suit for Cash Payout
CPP Senator and business tycoon Ly Yong Phat has convinced to more families in Koh Kong province to take a cash payout in exchange for dropping out of a lawsuit involving two local sugarcane plantations he once co-owned, official said. More that 200 families in Sre ...
European FDI declines, China’s up
European companies contributed less to total foreign direct investment (FDI) in Cambodia in 2011 than in 2012 as Chinese investment rose, Eurocham chairman Dominique Catry said yesterday. According to data from the Council for Development of Cambodia (CDC), 1.9 per cent of the total registered FDIs ...
http://www.phnompenhpost.com/2013012360933/Business/european-fdi-declines-china-s-up.html
Siem Reap Theft Fears Rise
Fears of theft are on the rise among market vendors in a tourist district in Cambodia’s Siem Reap province, the gateway to the world-renowned Angkor archeological site. Vendors at a market in Puok district said they had lost a lot of money following a slew of ...
http://www.rfa.org/english/news/cambodia/siem-reap-01302013174007.html
Electronics factory to open
A US$37.9 million base plate factory will launch in June in the northwestern province of Banteay Meanchey, Japanese electronics manufacturer SC WADO Component Co said yesterday in a statement. The entry of SC WADO, a subsidiary of Nidec Electronics, was another step in Cambodia’s march away ...
http://www.phnompenhpost.com/index.php/2012053156501/Business/electronics-factory-to-open.html
Revenue from Post office and Telecommunication
Income from post office activity increased to 3.77 million US dollars in 2011 from 2.164 million in 2010 and that money is small in size but it showed that Cambodian people still need the post ways for sending their goods and other materials. At the same time, revenue from mobile phone companies and desk ...
Xiamen expected to set up sister city relationship with Cambodia's Kampot
Cambodia may set up a consulate in Xiamen in the near future, and the Cambodian port city of Kampot is expected to establish sister city relationship with Xiamen, reported Haixi Morning News on Wednesday. Cham Prasidh, Cambodian Minister of State and Minister of Trade and Commerce, ...
Gem event promises to sparkle
Officials are predicting an increase in visitors and a glitzy showcase when the 5th Cambodia Gems and Jewelry Fair opens this Thursday in Phnom Penh. Set in the Diamond Island Convention and Exhibition Centre, the four-day event is drawing buyers and traders to Phnom Penh amid ...
http://www.phnompenhpost.com/2013061066161/Business/gem-event-promises-to-sparkle.html
Timber Plantation Awarded Sustainability Certificate
Grandis Timber Ltd.’s teak plantation in Kompong Speu province is the fist company in Cambodia to receive a certification from U.S-based Forest Stewardship Council (FSC) for its best practices in forest management, Grandis announced yesterday. “FSC certification recognizes FSC standard’s commitment to sustainable development of ...
Rosewood cache uncovered
Provincial authorities in Siem Reap discovered a stockpile of rosewood weighing approximately 21 tonnes in Banteay Srei district on Wednesday afternoon. Tea Kimsoth, provincial Forestry Administration director, yesterday credited joint efforts made by the Forestry Administration and anti-economic crime police officials in discovering the wood stashed ...
Phak Seangly
http://www.phnompenhpost.com/national/rosewood-cache-uncovered
ADB predicts slower growth for 2014
The Asian Development Bank on Tuesday said it expects Cambodia’s economic growth to slow slightly in 2014. In its annual “Asian Development Outlook,” the bank said it expects to see a drop in the rate from about 7.2 percent last year to 7 percent this year ...
Suy Heimkhemra
http://www.voacambodia.com/content/adb-predicts-slower-growth-for-2014/1883732.html
Gov’t failing to implement fake milk law
Baby formula manufacturers are flouting a sub-decree that bans promotions of formula in stores and health-care facilities, the World Health Organization, Unicef and three NGOs said in a statement Wednesday. According to the statement, 41 percent of stores selling breast milk substitutes in Phnom Penh had ...
George Wright
http://www.cambodiadaily.com/news/govt-failing-to-implement-fake-milk-law-58291/
Bandith, his victims appeal
The Supreme Court yesterday refused to hear an appeal filed by three garment workers shot by disgraced Bavet town governor Chhouk Bandith during a 2012 demonstration, since Bandith’s lawyer did not turn up to court. Bandith was sentenced to 18 months in prison in June last ...
May Titthara
http://phnompenhpost.com/national/bandith-his-victims-appeal
Relocated and living on the edge
Years after their eviction from central Phnom Penh, families continue to trickle back into the city from their relocation sites on the city’s outskirts. They search for cheap rental rooms instead of houses like the ones they were driven out of, in some cases, by ...
Lies, threats at dam site
Stung Treng province Commune chief Seak Mekong changes into uniform in his family’s small wooden home in Sesan district’s Srekor I village before leading reporters to a speedboat on the Sesan River and motioning them to climb aboard. Mekong, a 42-year-old Sam Rainsy Party official, says ...
http://www.phnompenhpost.com/2013040864946/National/lies-threats-at-dam-site.html
Fatalities from traffic accidents up: report
National Police statistics yesterday showed an 11 percent increase in road traffic deaths in the first nine months of the year but a small decrease in injuries. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/fatalities-traffic-accidents-report
Choppers, salesman pitch over capital
In an effort to sell more helicopters in the Kingdom, Airbus Helicopter Southeast Asia showed off its H130 chopper yesterday, during a short demonstration flight in Phnom Penh. ...
Hor Kimsay
http://www.phnompenhpost.com/choppers-salesman-pitch-over-capital
Task of Obtaining Passport Is Adding To Illegal Migration Problem
Thousands of Cambodians cross the border via illegal checkpoints into Thailand every year. Some end up working in slave-like conditions on illegal fishing trawlers. Others work in factories while getting paid under the table. It is often a last resort fraught with danger and uncertainty and ...
Poor Inmates Face Worse Conditions Than Those With Money
KANDAL PROVINCE – At Kandal provincial prison on Monday, about 100 male and female prisoners and pretrial detainees assembled to play games and receive fruit and drinks from rights group Licadho, which is visiting 18 prisons around the country this week in a bid to ...
Lauren Crothers and Mech Dara
http://www.cambodiadaily.com/news/poor-inmates-face-worse-conditions-than-those-with-money-48965/
Foreign currency deposits see strong growth
Foreign currency deposits grew briskly during the first four months of the year, a sign that public confidence in Cambodia’s financial institutions is high despite the uncertainty after last year’s disputed national election, bankers said this week. Cheam Teang, executive vice president of Acleda Bank Plc., ...
Kang Sothear
http://www.cambodiadaily.com/business/foreign-currency-deposits-see-strong-growth-59815/
Alleged Kratie 'secessionist' arrested
Police in the capital yesterday arrested the alleged leader of a “secessionist plot”, Beehive Radio station director Mam Sonando, who had already been abroad for two months when hundreds of security personnel stormed a Kratie province village in May. Khieu Sopheak, a spokesman for the Ministry ...