Bank now offers gold accounts
Cambodians can now invest in gold through one of the Kingdom’s Malaysian-owned banks, CIMB. The investment product has been met with mixed reviews from experts, but could tap a popular and traditional means of investment. CIMB’s Gold Deposit Account would give customers a gold-backed investment option without ...
http://www.phnompenhpost.com/index.php/2012070957291/Business/cimb-offers-gold-accounts.html
Industry leaders voice concern over sky-high cost of electricity
Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ...
Kali Kotoski
http://www.phnompenhpost.com/business/industry-leaders-voice-concern-over-sky-high-cost-electricity
Factory Dining Hall Collapses in Phnom Penh; 23 injured
The dining hall of a garment factory in Phnom Penh’s Meanchey district that supplies clothes to U.S. brand Gap collapsed into a pond Monday, injuring more than 20 workers who were eating lunch, workers and officials said. The hall, which is part of Top World Garment ...
Mondulkiri authorities set deadline for encroachers on state land
The Mondulkiri provincial administration has issued a deadline to those encroaching on state land on Dos Kramom Mountain in Sen Monorom city to demolish their constructions by December 13. ...
Sen David
https://www.khmertimeskh.com/50790522/mondulkiri-authorities-set-deadline-for-encroachers-on-state-land/
State land in protected area not for sale: official
A senior Ministry of Environment official urged commune and district administrations to stop signing certificates of transfer of rights, land use applications, or sale or purchase letters for state land within natural protected areas and biodiversity corridors under their jurisdiction. ...
Voun Dara
https://www.phnompenhpost.com/national/state-land-protected-area-not-sale-official
State revenues from gold production top $15M
Cambodia has netted more than $15 million from gold production as of end-December, which has yielded over 5.3 tonnes of dore bars – a semi-finished product that is smelted at a mine, usually at about 90 per cent purity – since the first commercial gold ...
May Kunmakara
https://www.phnompenhpost.com/business/state-revenues-gold-production-top-15m
State revenues from gold production top $15M
Cambodia has netted more than $15 million from gold production as of end-December, which has yielded over 5.3 tonnes of dore bars – a semi-finished product that is smelted at a mine, usually at about 90 per cent purity – since the first commercial gold ...
May Kunmakara
https://www.phnompenhpost.com/business/state-revenues-gold-production-top-15m
B Kak Firm Seeks Bauxite in Mondolkiri
Bauxite reserves in Mondolkiri province abandoned by Australian mining form BHP Billiton in 2009 are now being explored by China’s Mongolia Erdos Hongjun Holding Group, the same firm that is behind the controversial development of Boeng Kak lake in Phnom Penh. Kong Pisith, director of ...
'Land Grabs' Mar Cambodia's Boom, Rattle Investors
Phnom Penh–Kong Song’s farmland was his family’s livelihood for three decades until the bulldozers moved in and tore down his home in rural Cambodia to make way for a multimillion dollar foreign-led business. His family was one of 253 forcibly evicted five years ago in southern ...
http://www.reuters.com/article/2011/09/01/cambodia-evictions-idUSL3E8JD2DV20110901
BHP bribery scandal not thoroughly investigated
Reports have today emerged criminal allegations that BHP Billiton employees bribed officials in Cambodia and China were not thoroughly investigated by the Australian Federal Police, with the matter instead being passed over to corporate regulator ASIC, which also ran no in-depth investigation. The documents released ...
http://www.miningaustralia.com.au/news/bhp-bribery-scandal-not-thoroughly-investigated
Largesse and threats ahead of election
Prime Minister Hun Sen warned thousands of villagers yesterday that his most popular initiatives, including his far-reaching land-titling scheme, will simply disappear if he is not re-elected in July’s national election – amid suggestions his campaigning has unofficially begun. In a marked shift from his apparent ...
http://www.phnompenhpost.com/2013032664688/National/largesse-and-threats-ahead-of-election.html
Hor Namhong Asks for More Cash for Rail Project
Foreign Affairs Minister Hor Namhong made another appeal to Australia for additional funds to complete a behind-schedule project to rehabilitate the country’s railway network, this time to newly appointed Australian Ambassador Alison Burrows, according to a ministry spokesman. While work on the Southern Line of the ...
http://www.cambodiadaily.com/news/hor-namhong-asks-for-more-cash-for-rail-project-30272/
Nike calls for probe on Cambodian police clash with garment workers
Nike expressed “deep concerns” over the May 27 incident at the Sabrina Cambodia Garment Manufacturing plant outside Phnom Penh, in a letters to Cambodia’s commerce and labour ministers released late Friday in the United States. Following the violence, eight workers and trade union members were ...
Condom packers seek ‘unpaid’ bonuses
Forty-four Number One and OK condom packers, out of work since their contracts ended on Sunday, protested outside the office of health NGO Population Services Khmer (PSK) in Phnom Penh yesterday, demanding “unpaid” seniority bonuses. Representative So Nita said the workers, four of whom have physical ...
http://www.phnompenhpost.com/2013070266603/National/condom-packers-seek-unpaid-bonuses.html
REDD+ forest clearing unabated: community
Since last year, up to a half of nearly 8,000 hectares of community forest has been encroached upon and cleared in Oddar Meanchey province’s Banteay Ampil district by soldiers, community representatives said yesterday. Din Heng, chief of Ang Dong Bor community, said the army has cleared ...
http://www.phnompenhpost.com/national/redd-forest-clearing-unabated-community
Kingdom urges NAM states to commit to multilateralism
A senior Cambodian diplomat called on Non-Aligned Movement (NAM) countries to renew their commitments to multilateralism and to find solutions to common challenges that all nations can support as no single country can address these global issues alone. ...
Ry Sochan
https://www.phnompenhpost.com/national/kingdom-urges-nam-states-commit-multilateralism
Huge swathes of land returned to state by evicted encroachers
Kampong Thom provincial authorities have determined that over 10,000ha of flooded forestland located in three different areas near the province’s Tonle Sap Lake shoreline have been illegally encroached upon, with more than 200 families having already returned in excess of 2,000ha of misappropriated land back ...
Long Kimmarita
https://www.phnompenhpost.com/national/huge-swathes-land-returned-state-evicted-encroachers
Trade spurt seen after PM’s Laos state visit
Bilateral trade between Cambodia and Laos is predicted to pick up after a recent series of key meetings between national leaders and prominent members of the business community, following a reported jump of roughly three-tenths last year over 2021. ...
Hin Pisei
https://www.phnompenhpost.com/business/trade-spurt-seen-after-pms-laos-state-visit
DPM Men Sam An receives Lao State Inspection Authority delegation
Men Sam An, Deputy Prime Minister, Minister of National Assembly-Senate Relations and Inspection, received here on June 21 a Lao delegation led by Dr. Khamphanh Phommathath, Chairman of the State Inspection Authority. ...
Khmer Times Staff
https://www.khmertimeskh.com/501313226/dpm-men-sam-an-receives-lao-state-inspection-authority-delegation/
Press statement: “The report exposes a double standard in the US practice,” stated the Foreign Ministry’s Spokesperson
On 23 March 2023, the Ministry of Foreign Affairs and International Cooperation has posted a press statement of the foreign Ministry’s spokesperson on the report exposes a double standard in the US practice on their official website. According to the press statement, the Foreign Ministry’s spokesperson ...
Ministry of Foreign Affairs and International Cooperation