S’ville port reports revenue up 16% in Q2, profits drop
Cambodia Stock Exchange- (CSX-) listed Sihanoukville Autonomous Port (PAS) saw a 16.55 per cent year-on-year increase in revenue during the second quarter of this year, according to an unaudited report filed on the exchange. In the second quarter of this year, the port earned $20.42 ...
Hin Pisei
https://www.phnompenhpost.com/business/sville-port-reports-revenue-16-q2-profits-drop
Lower fuel prices no remedy for troubled transport sector
While local petroleum prices have dropped by nearly a quarter of their value since the start of the year, companies operating in the Kingdom’s highly competitive transportation sector insist they have not been able to convert lower fuel costs into higher profits – even when ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/lower-fuel-prices-no-remedy-troubled-transport-sector
Land dispute pits PM’s brother against Brigade 70 general
The Kampong Speu Provincial Court has joined the fray in a land battle between Hun Sen’s elder brother and a general attached to RCAF’s infamous Brigade 70, ordering a halt to its clearing.A court officer, joined by 20 local authority officers and several members of ...
Phak Seangly
http://www.phnompenhpost.com/national/land-dispute-pits-pms-brother-against-brigade-70-general
PPSEZ plans bookbuild for scaled-back IPO
Phnom Penh Special Economic Zone (PPSEZ), the private firm that operates Cambodia’s most developed industrial park, will hold a bookbuild for investors later this month for an initial public offering it hopes will raise up to $11.6 million for expansion and debt repayment, according to ...
Cam McGrath
http://www.phnompenhpost.com/business/ppsez-plans-bookbuild-scaled-back-ipo
Pilot project for disabled in Pailin to spread
Pailin province will be ground zero for a Ministry of Social Affairs’ pilot project that will offer 20,000 riel stipends monthly to poor, disabled citizens, according to ministry officials. The funds will be distributed to citizens for set amounts of time based on their level ...
Mom Kunthear
http://www.khmertimeskh.com/news/21618/pilot-project-for-disabled-in-pailin-to-spread/
Tycoon denies timber accusations in Mondulkiri
After ignoring summonses for two months, a prominent timber tycoon accused of illegally trading luxury-grade wood in Mondulkiri province appeared at court to deny his involvement in the case.203; Sam Ol was summonsed on October 12 to testify after the authorities’ anti-logging task force found ...
Phak Seangly
http://www.phnompenhpost.com/national/tycoon-denies-timber-accusations-mondulkiri
Licences to log SLCs are ordered revoked
The Council of Ministers has ordered licences granted to private companies to log and collect timber from social land concessions (SLC) and state-owned land revoked, following years of allegations that some companies were exploiting the permits to carry out illegal logging. The council on Monday released ...
Phak Seangly and Yesenia Amaro
http://www.phnompenhpost.com/national/licences-log-slcs-are-ordered-revoked
Tourist arrivals top estimates
The number of tourists to arrive in Cambodia in 2012 was at least 200,000 higher than expectations, possibly reaching 3.5 million, officials said yesterday. Thong Khon, Minister of Tourism, told the Post yesterday that in the first 11 months of 2012, Cambodia received 3.2 million tourists, ...
http://www.phnompenhpost.com/2013010160559/Business/tourist-arrivals-top-estimates.html
Cambodia unveils 1st home-made cars
Cambodia’s Heng Development Company on Monday unveiled the first-ever electric-powered cars manufactured by its factory in Kandal province. The show was made after the firm has completed the construction of a 20 million U.S. dollar car manufacturing plant branded ” Angkor” in Kandal province’s Takhmao district. Speaking ...
http://news.xinhuanet.com/english/world/2013-01/07/c_132085823.htm
Passport fee latest wrinkle in factory workers’ Thai plight
A rights group has raised concerns that up to 100 Cambodian migrant workers at a Thai seafood processing factory will be stranded abroad in less than a week without any income because they cannot afford to pay a passport fee demanded by their employer. Of the ...
Insurance, banks join forces
Cambodia Life Insurance Company Plc plans to bundle services with banks to offer guarantees on mortgages, company representatives said. The service is hoped to make mortgages more accessible in a country where housing loans are still considered risky business. Collateral is usually required to take loans ...
http://www.phnompenhpost.com/index.php/2012080357789/Business/insurance-banks-join-forces.html
International expo in Cambodia to boost garment sector
The four-day second Cambodia International Machinery Industrial Fair (CIMIF 2012) has begun in Cambodia’s capital Phnom Penh. Leading global brands of industrial equipment for textiles, garment and accessories are among the more than 200 exhibitors from 20 countries displaying their products. The exhibition provides a ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=114673
Leaders of Japan, China to Attend Asean, East Asia Summits
The leaders of two of Cambodia’s biggest donors, China and Japan, will attend the up coming Asean and East Asia summits in Phnom Penh next week, Prime Minister Hun Sen confirmed during a speech in Siem Reap province yesterday. “China Prime Minister [Wen Jiabao] will arrive ...
SEZ Shooting Suspect Under Court Supervision
The Svay Rieng Provincial Court has placed former Bavet City Governor Chhouk Bundith under court “supervision” after questioning him last week in connection to the Feb. 20 shooting of three female factory workers, according to investigating Judge Pech Chhoeut. Mr. Chhoeut said the ex-governor was questioned ...
Korean College for Siem Reap
Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...
http://www.phnompenhpost.com/index.php/2012062156924/Business/korean-college-siem-reap.html
Chea Vichea Murder Case Back in Court
The two men convicted of – and widely believed framed for – the 2004 assassination of union leader Chea Vichea are set to appear at the Appeal Court for their retrial today, nearly four years after the Supreme Court released them and ordered a reinvestigation ...
Cambodia acquits ex-governor of shooting at protesting factory workers
A former Cambodian governor accused of shooting three garment workers during a labour protest was acquitted in a ruling that prompted outrage Wednesday from rights groups who say it highlights the impunity surrounding the country’s political elite. Former official Chhouk Bandith was governor of Bavet town, ...
Cambodia reports strong October travel
International arrivals to Cambodia bounced back in October with a growth of 20% after a below average performance in the third quarter. Cambodia’s Statistics and Tourist Information Department, Ministry of Tourism, reported arrivals increased 24.8% to 290,959 during October. The percentage increase for 10 months lifted ...
http://www.ttrweekly.com/site/2012/12/cambodia-reports-strong-october-travel/
Soldier Held After Aiding Two Slain Loggers
The Oddar Meanchey Provincial Court on Saturday charged a 31-year-old soldier for helping villagers who were shot dead after crossing the Thai border while logging for luxury timber, officials and a rights worker said yesterday. Mao Chenda, 20, and Ung Theara, 17, villagers from Anlong Veng ...
U.K.’s Prudential Set to Gain Cambodia License in First Quarter
Prudential Plc, the U.K.’s biggest insurer by market value, plans to begin selling insurance in Cambodia in the first quarter of next year to extend its presence in Asia across 13 markets. The firm is hiring sales agents and expects to gain a license to operate ...