Cambodia attracts over 879,000 tourists from ASEAN region
For the first semester of 2013, Cambodia attracted 879, 782 tourist arrivals from ASEAN region, plus 23.5 per cent if compared in the same period of last year, a report from tourism ministry obtained on Tuesday said. The figure of tourist arrivals from ASEAN for the ...
The Southeast Asia Weekly Staff
http://www.thesoutheastasiaweekly.com/cambodia-attracts-over-879000-tourists-from-asean-region/
Rice Exports Rise by More Than 170,000 Tons
Rice exports increased from 205,717 tons in 2012 to 378,856 tons in 2013 as a result of high demand from the European Union as well as countries in Asia, according to figures released Thursday by the Ministry of Agriculture. France imported the most Cambodian milled rice, ...
Hul Reaksmey
http://www.cambodiadaily.com/business/rice-exports-rise-by-more-than-170000-tons-49976/
Smart acquisition paid off for Malaysian firm
Axiata, the Malaysia-based parent company of Cambodia’s second-largest telecommunications provider, Smart, posted a rise in total revenues for 2013 to $5.5 billion. The boost represents a 4.1 per cent increase from the fourth quarter of the previous year. Driven by its Malaysian, Bangladeshi and Cambodian operations, ...
Eddie Morton
http://www.phnompenhpost.com/business/smart-acquisition-paid-malaysian-firm
Ivory haul investigation kept under wraps
Customs officials over the weekend said they will shed no further light on Friday’s massive haul of three tons of illegal elephant ivory at Sihanoukville Autonomous Port—Cambodia’s biggest-ever ivory seizure—until investigations are complete and a case can be sent to court. A scan on containers that ...
Saing Soenthrith
http://www.cambodiadaily.com/news/ivory-haul-investigation-kept-under-wraps-58470/
Cambodia copes with double-digit traffic growth
The Cambodian government recently awarded the operator of its three international airports more than $100 million for upgrades in an effort to accommodate strong passenger growth driven by the country’s nascent tourism industry. Cambodia Airports—the subsidiary of Italian firm Vinci, which serves as the concession ...
Jennifer Meszaros
http://www.ainonline.com/aviation-news/2014-02-05/cambodia-copes-double-digit-traffic-growth
RATH Sarath
Senior Finance and Admin OfficerTransparency, accountability and honesty are Mr. Sarath’s core values. In charge of finance and admin tasks of ODC, Mr. Sarath works closely with all team members to produce the good achievements on ensure that all financial documents are legally compliant with ...
City Hall bans June Textile rally
The president of the Cambodian Confederation of Unions said yesterday that he would defy a municipal order banning employees from June Textile Factory from marching to Prime Minister Hun Sen’s house to seek resolution in a labour dispute. According to a report from a City ...
China IPO to benefit Kingdom
China’s Sinohydro Group Ltd earned US$2.12 billion in an initial public offering on the Shanghai Stock Exchange, the company announced yesterday. The move came just two months before Sinohydro launches the Kamchay Hydroelectric Dam in Cambodia’s Kampot province. The company expects the IPO to help fund ...
http://www.phnompenhpost.com/index.php/2011093051879/Business/china-ipo-to-benefit-kingdom.html
Firm refuses housing pleas
The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ...
http://www.phnompenhpost.com/index.php/2012011854001/National-news/firm-refuses-housing-pleas.html
Silver screen setting up
Sabay Company is set to open a cinema in Sorya Mall on August 4, aiming to become the second cinema in as many months to show licenced films in the Kingdom, Sabay Chief Commercial Officer Abhaya said yesterday. Legend cinema began showing primarily Hollywood movies in ...
http://www.phnompenhpost.com/index.php/2011072950715/Business/silver-screen-setting-up.html
Residents tell tycoon to back off
Families protesting encroachment onto their land by a tycoon who is expanding a road in Phnom Penh’s Meanchey district filed a complaint to the Prime Minister’s cabinet and the Municipal Court on Tuesday. On Friday, employees working for tycoon Thong Sarath demolished fences on eight ...
ACLEDA, Tong Yang sign MoU
Tong Yang Securities (Cambodia) and ACLEDA Securities yesterday signed a memorandum of understanding to partner the services they offer to the Kingdom’s budding financial markets. To expand their footprint in the market, the companies aimed to provide a combination of advisory and underwriting services for companies ...
http://www.phnompenhpost.com/index.php/2011102752376/Business/acleda-tong-yang-sign-mou.html
Camintel to join mobile scramble
A ninth telecoms operator would enter the Cambodian market next year, officials said yesterday, surprising insiders who claimed the sector was already overcrowded. Camintel, a joint Cambodian state- and Korean-owned company, would offer mobile services in 2012, CEO Kang Namkook said yesterday at a telecommunications conference ...
http://www.phnompenhpost.com/index.php/2011102752377/Business/camintel-to-join-mobile-scramble.html
Refresh Mobile buys WING
Refresh Mobile yesterday announced the purchase of mobile banking outfit WING from Australia’s ANZ, although the amount of the deal was not released. WING will join Refresh’s stable of electronic payment and cell phone top-up services, in addition to soon offering overseas mobile remittance capabilities, Refresh ...
http://www.phnompenhpost.com/index.php/2011111752801/Business/refresh-mobile-buys-wing.html
Fuel feud leaves tourists stranded at Angkor Wat
More than 200 Taiwanese tourists traveling to and from Angkor Wat in Cambodia were delayed yesterday after Far Eastern Air Transport (FAT) unexpectedly suspended its flights to the world heritage site. The Taiwanese airline, which resumed services in April last year, leased one of its aircraft ...
http://www.taipeitimes.com/News/taiwan/archives/2012/02/22/2003526086
Supreme Court Wants $200K Cash Deposit in Renakse Case
The Supreme Court has requested that the owner of Phnom Penh’s shuttered Renakse Hotel deposit $200,000 with the court as proof that it is able to pay compensation to the hotel’s former manager, a lawyer said yesterday. In 2008, the ruling CPP sold the French colonial-era ...
China’s president Xi arrives bearing gifts
Chinese President Xi Jinping is not one to arrive without a gift. On his first visit to Cambodia as head of state on Thursday, he pledged some $237 million in aid, erased almost $90 million in state debt, offered nearly $15 million in military support and ...
Khy Sovuthy, Ben Paviour and Khuon Narim
https://www.cambodiadaily.com/news/chinas-president-xi-arrives-bearing-gifts-119274/
Putin sees boom in Asia-Pacific trade with Europe via Russia
Russian President Vladimir Putin says the Asia-Pacific region’s trade with Europe via Russia will surge by at least five-fold by 2020 as traditional sea routes become less competitive. His remarks came in a commentary published by the Wall Street Journal ahead of a summit of leaders ...
Villagers refuse $500 compensation for damaged houses
Local authorities in the capital’s Russey Keo district had offered residents living along the banks of the Tonle Sap $500 compensation in the wake of sand dredging that began a week ago and has already caused structural damage to their homes, villagers told the Post ...
Factory boss tried for crumpling moon pic
The Kandal Provincial Court yesterday tried and convicted a Chinese factory supervisor for damaging a photograph of the moon in which the likeness of the late King Father Norodom Sihanouk is believed to have been seen. Judge Lim Sokuntha said the court had sentenced Leav Kuyseang, ...