Hotel boom leaves hospitality sector with an empty feeling
As the number of boutique hotels rises rapidly in Phnom Penh, hoteliers say they have seen their occupancy rates drop this year due to the increased offerings – as well as the economic downturn in Europe and terrorism scares in the region. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/hotel-boom-leaves-hospitality-sector-empty-feeling
Junket investor’s profit falls but sticking to its Cambodia bets
Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...
Cam McGrath
http://www.phnompenhpost.com/business/junket-investors-profit-falls-sticking-its-cambodia-bets
Cambodia prepares for third-year anniversary of King’s death
Cambodians will mark the third-year anniversary of the death of their former king, Norodom Sihanouk, on Thursday, in a somber occasion marking his legacy.Norodom Sihanouk was revered by many Cambodians before his passing, in Beijing in 2012. ...
Neou Vannarin
http://www.voacambodia.com/content/cambodia-prepares-for-third-year-anniversary-of-king-death/3003931.html
World Bank: East Asian growth expected to ease to 6.3% this year
Economic growth in developing East Asian countries is expected to ease in the next two years as the slowdown in China and sluggish pricing for commodities linger, according to new forecast released Sunday by the World Bank. ...
Car sales sputter on tax hike
Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April. ...
Hor Kimsay
http://www.phnompenhpost.com/business/car-sales-sputter-tax-hike
Extractive industries seek gold standard
A visiting Mongolian delegation comprised of government, industry and civil society active in the petroleum and mining sectors shared their experience in implementing the Extractive Industries Transparency Initiative (EITI) with their Cambodian counterparts at a workshop in Phnom Penh yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/extractive-industries-seek-gold-standard
Minister calls for more reporting on climate change
In the lead-up to the global climate change conference in Paris later this month, Information Minister Khieu Kanharith yesterday urged the media to increase reporting on the effects of climate change in Cambodia so that citizens can be better prepared for it. ...
Pav Suy
http://www.khmertimeskh.com/news/17957/minister-calls-for-more-reporting-on-climate-change/
Sathapana shifts from MFI to commercial bank
Sathapana Microfinance Plc., the third largest MFI in Cambodia, has officially transformed itself into a commercial bank with total capital of $120 million, a move in line with Japanese-owned Maruhan Japan Bank acquiring a 95.1 percent stake in 2012. ...
Sum Manet
http://www.khmertimeskh.com/news/24144/sathapana-shifts-from-mfi-to-commercial-bank/
Cintri says it is owed up to $20M by Phnom Penh residents
Phnom Penh’s much-maligned waste-collection firm Cintri yesterday used a meeting with City Hall to ask for help in collecting between $10 million and $20 million in unpaid fees it says it’s owed by residents in the capital. ...
Niem Chheng
http://www.phnompenhpost.com/national/cintri-says-it-owed-20m-phnom-penh-residents
Protesters prepare, as Hun Sen travels to New York for UN summits
Prime Minister Hun Sen left Cambodia Wednesday for UN summits in New York, where hundreds of Cambodian-Americans are preparing to protest, demanding the release of political and environmental activists currently in detention in the country. ...
Men Kimseng
http://www.voacambodia.com/content/cambodia-says-industralized-nations-must-help-mitigate-climate-change/2977125.html
Kingdom, China agree to strengthen trade, investment ties
Thailand and China have agreed to strengthen ties in trade and investment, while the Chinese have been urged to invest more in the Kingdom, particularly in the focused super-clusters and 10 special economic zones (SEZs). ...
Petchanet Pratruangkrai
http://www.nationmultimedia.com/business/Kingdom-China-agree-to-strengthen-trade-investment-30275162.html
Natural drainage routes replaced by concrete cause severe floods
As floods have been raging on in many provinces, especially in the outskirts of the capital, locals are demanding the government inspect all boreys, factories and other developments in affected areas to ensure that there are proper drainage and road systems. ...
Moeun Nhean
http://www.phnompenhpost.com/post-property/natural-drainage-routes-replaced-concrete-cause-severe-floods
Life insurance market grows
Two new life insurance companies will launch operations in Cambodia by the end of this week, aiming to grab hold of a market that has seen rapid expansion in recent years while also creating stronger competition in the emerging industry. ...
Hor Kimsay
http://www.phnompenhpost.com/business/life-insurance-market-grows
Main parties cut into each other’s traditional strongholds
The ruling CPP is losing votes in remote provinces while making up ground on the opposition CNRP in Phnom Penh and surrounding areas, according to election data showing the two major parties cutting into each other’s leads in traditional strongholds. ...
Michael Dickison
https://www.cambodiadaily.com/news/main-parties-cut-others-traditional-strongholds-131132/
Fishing and forest crackdown yields results
Nearly 3,000 cases have been detected in a crackdown on fisheries and forest crime in the first nine months of this year. The results were in a Ministry of Agriculture and Fishery report published on Friday. ...
Sen David
http://www.khmertimeskh.com/5087200/fishing-forest-crackdown-yields-results/
Oddar Meanchey carbon scheme used by Virgin ‘does not work’
Claims the military is involved in systematically clearing forest in Oddar Meanchey province in an area meant to be protected by a carbon credit scheme involving Virgin Atlantic have prompted the UK-based airline to launch an investigation into the program. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/oddar-meanchey-carbon-scheme-used-virgin-does-not-work
Okhna owns land at site of illegal Koh Kong mangrove filling, contract shows
A section of protected mangrove forest in Koh Kong that in December was discovered to have been filled with sand was illegally sold to tycoon Chea Leanghong in 2017, documents show, with local authorities having signed off on the deal. ...
Phak Seangly
http://www.phnompenhpost.com/national/okhna-owns-land-site-illegal-koh-kong-mangrove-filling-contract-shows
Five on trial for plan to traffic girls, women to China
The trial of two Chinese men and three Cambodian women on charges of human trafficking began in the Phnom Penh Municipal Court on Monday after they were arrested in May for allegedly brokering marriages between Cambodian women and prospective grooms in China. ...
On Tonle Sap lake, another attack over fishing
The body of a fisherman was discovered floating in the Tonle Sap lake in Kompong Chhnang province’s Boribor district on Tuesday after a vicious boating attack, police said Wednesday, in what is the fourth such incident on the lake this year. ...
Ben Sokhean
https://www.cambodiadaily.com/news/on-tonle-sap-lake-another-attack-over-fishing-79139/
Cambodians and Vietnamese clash over borderland
A clash between Cambodians and Vietnamese soldiers over a swath of disputed land in a border district separating the two countries in southern Cambodia has become the latest tussle in a string of such territorial conflicts. ...
Morm Moniroth
http://bit.ly/1SUV4bb