As tourism grows, so do questions about sustainability
While tourism officials are pleased about the healthy growth of tourism in Cambodia, the influx of visitors might not be so healthy for the Kingdom’s main attraction-the temple complex of Angkor Wat near Siem Reap. New figures from the Siem Reap tourist office show that about ...
Book Outlines Best of Both Worlds for Cardamom Mountains
The protectionist bent of conservation groups and the development agenda of the government can come together in Cambodia to create a green economy. That is the message of a new book Conservation International (C.I.) launched yesterday in Phnom Penh, outlining practical options for saving the environment ...
Japanese Bank to Sign Agreement With Acleda
One of the largest banks in Japan, Sumimoto Mitsui Banking Co., will sign an agreement with Acleda Bank Friday to share market data and banking services, Acleda announced yesterday. The deal would allow Sumimoto Mitsui, which currently only has a representative branch in Cambodia, to access ...
Chartered flights from Taiwan re-launched
Chartered direct flights from Taiwan to Cambodia were re-launched on February 7 by Taiwanese airline Far Eastern Air Transport, one year after the company abruptly suspended the flights over a dispute with its Cambodian airline partner over unpaid aviation fuel. Six flights have been ...
http://www.phnompenhpost.com/2013021261307/Business/chartered-flights-from-taiwan-re-launched.html
Cambodian PM greets large group of Chinese businesspeople
Cambodian Prime Minister Hun Sen on Thursday met with a large group of Chinese business executives visiting Cambodia to explore investment opportunities. To date, he said, the Sino-Cambodian relationship has reached the level of the Comprehensive Strategic Partnership of Cooperation. The premier said China has helped ...
http://news.xinhuanet.com/english/world/2013-02/28/c_132199209.htm
Cambodia Joins Stocks Party
Cambodia tapped into the growing global interest in Southeast Asia with the start of trading in the sole stock at its gleaming new stock exchange on Wednesday. Ordinary Cambodians and local businesses scrambled to buy into the country’s first initial public offering—of shares in a local ...
http://online.wsj.com/article/SB10001424052702304331204577351551608365784.html
Chinese Iron Ore Firm Paid for New CPP District Office
A Chinese mining firm has donated about $200,000 toward the building of a new district headquarters for the ruling CPP in Preah Vihear province, officials said yesterday. Kong Makara, director of the provincial industry, mines and energy office, said that Chinese company Cambodian Iron Holding and ...
Officials Differ on Equipment Confiscation
Forestry Administration officials in Banteay Meanchey province have confiscated and continue to hold equipment valued at $1.5 million from a troubled biofuel plantation without any legal backing, an official in the provincial governor’s office said. Bulldozers, steamrollers and dump trucks were confiscated last month from a ...
Workers ditch factories for fields
At some point during the planting season this year, Pheap Srey Ngoun will leave her garment factory floor for a rice paddy in Cambodia’s Prey Veng province. Like many fellow garment workers she will leave her position, with permission from the factory, to lend a hand ...
Vietnam needs more nuts
Cambodian cashew nut traders believe the market price for cashew nuts will increase, as demand from Vietnamese markets increases along with international demand. Vietnam’s domestic enterprise imported nearly 157,000 tonnes of raw cashew nuts in the first seven months of the year, mostly from Cambodia, ...
http://www.phnompenhpost.com/index.php/2012082458254/Business/vietnam-demands-more-cashew-nuts.html
Officials to Be Questioned Over Destruction of Flooded Forest
A district governor and two fisheries officials are among 10 people who will be questioned at the Phnom Penh Municipal Court next week over the destruction of flooded forest to make way for dry-season rice fields in Kampong Thom province, an official said yesterday. On July 27, ...
Tycoon Takes to Hospital as Wife Returns to Prison
Lying in a hospital bed at Phnom Penh’s Naga Clinic yesterday well-known tycoon Khaou Chuly said that he may appeal to the prime minister to intervene in an attempted murder conviction against his wife that was upheld by the Supreme Court on Friday. Mr. Chuly, 83, ...
Project to reduce flooding
The government has announced plans for a landmark project to create a system for diverting and then stocking waste water, in a bid to prevent run-off into the streets of Phnom Penh and the Tonle Sap river. Moeung Sophan, a consultant to the Phnom Penh Department ...
http://www.phnompenhpost.com/2013031161854/National/project-to-reduce-flooding.html
Municipal Court Sentences 13 Boeng Kak Protesters to Jail
The Phnom Penh Municipal Court yesterday charged and then immediately sentenced 13 women embroiled in a long-running land dispute with CPP Senator Lao Meng Khin’s private company to two-and-a-half years in jail. The women, which included Heng Mom and Tep Vanny, were among the leaders of ...
Credit guarantee unit to serve Asean
The Credit Guarantee and Investment Facility (CGIF), an agency set up by Asean+3 and the Asian Development Bank to help develop local-currency bond and cross-border bond markets in the region, has started to operate, says chief executive Kiyoshi Nishimura. He said the CGIF will fill in ...
http://www.bangkokpost.com/business/economics/296033/credit-guarantee-unit-to-serve-asean
Families of South Korean Crash Victims Settle With Travel Agency
After failing to receive compensation from the airline, relatives of the 13 South Korean nationals who died in the 2007 PMT Air flight U4 241 crash have been reimbursed for their loss by the travel agency that issued the tickets, a law firm said yesterday. According ...
Cambodia’s new tourism frontier
A year ago, getting to Sihanoukville required perseverance and a certain degree of bravery. There had been no flights to Cambodia’s premier beach resort for years — at least no scheduled services — and cruise ships docking here were few and far between Following years spent ...
http://www.bangkokpost.com/business/tourism/308486/cambodia-s-new-tourism-frontier
Rice Exporters Eye Cartel to Boost Prices
Southeast Asia’s rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues, a move that could cause tensions with rice-importing nations. But any bid by the five countries to drive up prices will be a challenge, given previous ...
http://online.wsj.com/article/SB30000872396390444812704577606962232854218.html
Cambodia creates safe zones for Mekong dolphins
The Cambodian government on Friday said it will limit fishing in a zone in the Mekong River to protect critically endangered freshwater dolphins The Irrawaddy dolphin conservation area will cover a 180-kilometre-long (110 miles) stretch of river from eastern Kratie province to the border with Laos, ...
http://news.xin.msn.com/en/regional/cambodia-creates-safe-zones-for-mekong-dolphins-2
Unexplored Cambodia Shines For Angkor Gold
On top of impressive growth, the Royal Government is opening the country to international investment As for mining: the country is now open for international business. The stable, democratic government passed anti-corruption laws in 2011 and has dedicated itself to working with private business The most active ...
http://www.marketwatch.com/story/unexplored-cambodia-shines-for-angkor-gold-2012-10-17