Number of Condominiums Grows in Phnom Penh
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- Industries / Land / Manufacturing / Phnom Penh / Real estate
The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia.
The firm said that the majority of the new units came from the completion of 10
Oil firm ready to push ahead with offshore drilling
Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised.
Kali Kotoski
http://www.phnompenhpost.com/business/oil-firm-ready-push-ahead-offshore-drilling
CPP official alleges embezzlement of roads budgets
A senior government official has accused authorities involved in the construction and repair of the nation’s roads of embezzling a significant portion of the money budgeted to them.
Nhim Vanda, the first vice president of the National Committee for Disaster Management, on Wednesday added his voice
Phann Ana
http://www.cambodiadaily.com/news/cpp-official-alleges-embezzlement-of-roads-budgets-63875/
New report evaluates decade of Better Factories Cambodia
A new report – 10 Years of the Better Factories Cambodia Project: A critical evaluation – has been released by Clean Clothes Campaign and Community Legal Education Center. Started in 2001, the goal of the Better Factories program is to improve the working conditions in
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=115382
Cambodia Aims for Offshore Production Next Year
The Cambodian government expects U.S. oil major Chevron Corp. CVX -0.53%to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday
Chevron discovered commercial resources
http://online.wsj.com/article/SB10000872396390443507204578020023711640726.html
Cambodia Angkor flies to Bangkok
Cambodia Angkor Air will start a daily service between Phnom Penh and Bangkok, 1 February [sic]. The airline launched its first service to Thailand, 30 November [sic] from Siem Reap and is scheduled to start a service to Hanoi 7 January [sic].
The Bangkok-bound flight will
http://www.ttrweekly.com/site/2013/01/cambodia-angkor-flies-to-bangkok/
Tata moves in on agriculture
India-based Tata International Ltd announced yesterday that it would import and distribute its Farmtrac Tractors in Cambodia to profit from the country’s growing agricultural sector.
Speaking at the launching ceremony at the Koh Pich exhibition centre, Jitendra Manghinani, country manager of Tata South East Asia (Cambodia),
Hor Kimsay
http://www.phnompenhpost.com/business/tata-moves-agriculture
New chapter in search for black gold
As Chevron hands over its controlling stake in the Kingdom’s most developed oil field to a new player, industry experts say extraction may still take time
Industry insiders urged patience this week after news broke that energy giant Chevron had sold its controlling stake in the
Daniel de Carteret
http://www.phnompenhpost.com/post-weekend/new-chapter-search-black-gold
Hands-on contest a hit in Cambodia
Long a popular fixture of US TV and radio competitions, “Hands on a Hardbody,” a marathon endurance contest where participants vie to hold their palms against a car the longest in order to win it, has expanded to Cambodia. More than 80 participants took part
PAL seeks CAB green light for flights to Turkey, Kuwait, Cambodia
Flag carrier Philippine Airlines is eying flights to Kuwait, Turkey, and Cambodia starting next year amid its refleeting and expansion program, the Civil Aeronautics Board said Wednesday.
PAL has filed petitions with the industry regulator for flights to Istanbul in Turkey, Phnom Penh in Cambodia, and
New 10-storey office building on Norodom Boulevard
The owner of the under-construction 10-storey building located on the corner of Street 178 and Norodom Boulevard, who asked not to be identified, said the building will be used as office space and apartments.
The three floors on the top of the building will be apartments
Dams, climate plague Mekong
Villagers in Kratie province have long feared the proposed Sambor hydroelectric dam and the impact it could have on their subsistence fishing and riverbank agriculture.
According to Resilience on the Mekong: A Vulnerability and Adaptation Assessment in North-East Cambodia, a report released by the World Wildlife
http://www.eco-business.com/news/dams-climate-plague-mekong/
Mass Evictions Loom for Wildlife Sanctuary
Ms Sam On, 37, has already lost her house. It was one of three homes razed in April by Kratie provincial military police, environment officials and workers of the Sovannvuthy rubber company, after a tense stand-off with about 100 villagers that villagers said ended with
Government offshore oil block deadline passes
LAST week marked the arrival and passing of 12/12/12, the Cambodian government’s original date for the commencement of oil extraction from the Block A oilfields in the Gulf of Thailand, with no activity on the site.
Chevron currently holds a 30 per cent interest in the
Cambodia Angkor Air expands its international network
For a long time, Cambodia’s national carrier Cambodia Angkor Air (CAA) served only as a feeder carrier to its shareholder Vietnam Airlines. Three lines were then in service on routes linking Phnom Penh to Siem Reap, Phnom Penh-Ho Chi Minh City and finally Siem Reap-HCMC.
http://www.traveldailynews.asia/news/article/51485/cambodia-angkor-air-expands-its
Cambodia peddling bikes in EU
Import duties and limits, as well as rising wages in neighbouring countries, made Cambodia the second largest exporter of bicycles to the European Union after Taiwan, an industry newsletter reports.
According to Bike-EU.com, which quoted data from Eurostat, Cambodia exported 519,389 units to EU countries between
http://www.phpnompenhpost.com/2013020661203/Business/cambodia-peddling-bikes-in-eu.html
Another Taiwan Bike Maker to Move to Cambodia
It’s no finalized yet as contracts still have to be signed, but it looks as if another bike maker from Taiwan is setting up shop in Cambodia. It will the 4th one which is to benefit from the duty and quota free status Cambodia made
Thai Political Tension Has Effects in Cambodia, Analysts Say
Political tensions that remain unresolved in both Cambodia and Thailand could lead to more violence in both countries, analysts warn.
Thailand is going through another spate of democratic reform, following demonstrations that forced Prime Minister Yingluck Shinawatra to step down and call for new elections.
Those elections
Sok Khemara
http://www.voacambodia.com/content/thai-political-tensions-has-effects-in-cambodia-analysts-say/1844175.html
Global brands linked to latest shamed garment factory
Italian sportswear brand Kappa and U.S.-based retail giant Walmart apparently source clothing from the latest addition to the International Labor Organization’s (ILO) list of low-compliance factories, according to a union leader at the factory who provided the branded tags from the clothing her members cut
Sun Heng and Holly Robertson
http://www.cambodiadaily.com/news/global-brands-linked-to-latest-shamed-garment-factory-63900/
Government Hopes for Chevron Offshore Oil Deal This Year
The Cambodian government expects U.S. oil major Chevron Corp. CVX +0.77% to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday.
Cambodia has vast untapped oil and gas resources
http://online.wsj.com/article/SB10000872396390443507204578020023711640726.html
