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National Bank of Cambodia Reports Lending Surge in 2012

Lending by commercial banks in Cambodia grew by more than one-third last year, according to figures provided by the National Bank of Cambodia (NBC) yesterday. Banks lent out a total of $5.89 billion in 2012, compared with $4.39 billion in 2011, NBC figures show, meaning ...

http://www.cambodiadaily.com/business/national-bank-of-cambodia-reports-lending-surge-in-2012-11368/

Lucky supermarket opens three more branches

Amid growing urbanisation, Lucky Supermarket opened three more branches in Phnom Penh’s suburbs over the weekend, targeting a new consumer base living around the city. With the additional branches, Lucky now counts 10 outlets in Phnom Penh, including one mini-mart at Koh Pich. ...

Hor Kimsay
http://www.phnompenhpost.com/business/lucky-supermarket-opens-three-more-branches

21 labor activists moved to Phnom Penh ahead of trial

Twenty-one labor activists who have been detained in Kampong Cham province since their arrests in January were moved to the main prison outside Phnom Penh on Wednesday. Supporters say the 21 are being detained as a lesson to other would-be demonstrators, after a brutal crackdown ...

Heng Reaksmey
http://www.voacambodia.com/content/labor-activists-moved-to-phnom-penh-ahead-of-trial/1899445.html

Twenty put end to latest Caltex strike

Petrol station workers who were back on strike on Friday returned to work yesterday as they prepare to file a complaint to the Ministry of Labour against US-owned Caltex over alleged rights abuse. Yoeun Reth, one of 20 Caltex workers striking on Friday, said yesterday that ...

Mom Kunthear
http://www.phnompenhpost.com/national/twenty-put-end-latest-caltex-strike

New Mekong bridges slated for Phnom Penh

The Council of Ministers this week announced two new spans across the Mekong River in the vicinity of the capital, one connecting the Chroy Changvar peninsula to Kandal’s Khsach Kandal district and another connecting Phnom Penh’s Chbar Ampov district with Kandal’s Lvea Em. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/new-mekong-bridges-slated-phnom-penh

KPMG buys Premier Consulting

KPMG Cambodia has bought out one of its local competitors in an effort to position itself as a leader in accounting, taxation and advisory services before ASEAN integration later this year. A statement issued Friday by KPMG states that the firm acquired Premier Consulting (Cambodia) Limited, ...

May Kunmakara
http://www.phnompenhpost.com/business/kpmg-buys-premier-consulting

Union leader says charges baseless

One of six union leaders charged and summonsed for questioning over a strike that ended in government forces shooting dead at least five people in January has sent a message to authorities to hurry up and get his hearing over with. ...

Mom Kunthear
http://phnompenhpost.com/national/union-leader-says-charges-baseless

Rights group claims continued harassment in Oddar Meanchey

NGO workers interviewing evictees in Oddar Meanchey province said police pulled their car over without cause on Saturday and tried to seize one of their cameras, the third reported case of authorities in the area harassing the group’s staff in the past month. ...

Mech Dara and Zsombor Peter
http://www.cambodiadaily.com/news/rights-group-claims-continued-harassment-in-oddar-meanchey-69650/

Cambodia: local people risk everything to defend national park sold off to highest bidders

Botum Sakor national park is one of Cambodia’s biodiversity hotspots, where indigenous tribes have long lived in harmony with the forest and its wildlife, writes Rod Harbinson. But now they are being violently evicted as the park is being sold off piecemeal to developers for ...

Rod Harbinson
http://bit.ly/1NdKSoz

Cambodia’s Hun Sen slams ASEAN-splitting TPP

On April 19, the 24th World Economic Forum on East Asia kicked off in the Indonesian capital of Jakarta. one of the main events was a conversation on “East Asia in the New Global Context,” which featured two heads of state – Cambodian prime minister ...

Prashanth Parameswaran
http://bit.ly/1J4FSoA

Verdicts delivered in general’s murder case

In the first verdict handed down in the case against Major General Thong Sarath, who stands accused of masterminding a fellow tycoon’s assassination, the Phnom Penh Municipal Court on Monday sentenced him and one of his bodyguards to 30 months in jail for illegal weapons ...

Khy Sovuthy
https://www.cambodiadaily.com/news/first-verdicts-delivered-in-generals-murder-case-85609/

Environmentalists issue warning on Mekong biodiversity

Scientists say the Southeast Asia’s rapid development is driving deforestation in the vital Mekong Subregion, and threatening scores of species in one of the world’s most biodiverse ecosystems. Trafficking in plant and animal wildlife is accelerating the trend, and governments are being pressed to do ...

Ron Corben
http://www.voanews.com/content/enviornmentalists-issue-warning-on-mekong-biodiversity/2888102.html

E-commerce surges in Cambodia

As Internet use spreads across Cambodia, e-commerce outlets are mushrooming. Some are online shopping centers like MAIO Mall, which offers a plethora of functions, including lending and booking services. Others, like Shop168, link brick-and-mortar stores with customers via web portal and delivery services. Others, like Mall ...

Un Raksmey and Igor Kossov
http://www.khmertimeskh.com/news/13987/e-commerce-surges-in-cambodia/

Labour shortages in S’Ville

Aiming to one day become a major manufacturing base in Cambodia, Sihanoukville faces an uphill battle in attracting workers, provincial officials said yesterday.Yow Khemara, director of the Department of Labour and Vocational Training at Preah Sihanouk province, said Sihanoukville currently lacks about 4,000 workers in ...

Hang Sokunthea
http://www.phnompenhpost.com/business/labour-shortages-sville

Royal Palace to temporarily hold off visitors

The Royal Palace Ministry yesterday announced the temporary closure of one of the Kingdom’s most iconic buildings amid fears of new Coronavirus infections. ...

Som Kanika
https://www.khmertimeskh.com/50703245/royal-palace-to-temporarily-hold-off-visitors/

Winds of change for energy industry

A leading Southeast Asia energy firm’s plans to create the Kingdom’s first wind turbine farm are one step closer to being realised. ...

Khmer Times Staff
https://www.khmertimeskh.com/50716170/gold-mine-extraction-expected-this-year-with-more-than-40-exploration-licences-issued/

Forest Chief takes actions against illegal loggers and encroachers

Legal measures will be taken against those who illegally logged and encroached on the community forest in one of Stung Treng’s districts stated the forest chief. ...

Khmer Times Staff
https://www.khmertimeskh.com/50992510/forest-chief-takes-actions-against-illegal-loggers-and-encroachers/

NRSC drafting new, stricter traffic law

The National Road Safety Committee (NRSC) will draft a new traffic law as the existing one is not strict enough and carries light punishments. ...

Chhun Sunly
https://www.khmertimeskh.com/501013885/nrsc-drafting-new-stricter-traffic-law/

Cambodia has 17.8 million internet subscribers: minister

Cambodia has some 17.8 million internet subscribers, exceeding the country’s total population of 16 million because many people have subscribed to more than one internet service, Minister of Post and Telecommunications Chea Vandeth said on Thursday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501126224/cambodia-has-17-8-million-internet-subscribers-minister/

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