Sri Lankan company to plant 20,000 hectares of rubber in Cambodia
Sri Lankan agricultural group Lankem Ceylon PLC says it plans to plant 20,000 hectares of rubber in Cambodia as part of a diversification strategy.
Lankem chairman A Rajaratnam disclosed the strategy in the company’s annual report for the year to March, 2012, released by the company
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGEzOGYyMjJhYTI
Ford plant opens in Sihanoukville
A Ford assembly plant in Preah Sihanouk province will supply Cambodia’s limited but growing car market, the American carmaker’s local representative RMA Cambodia announced yesterday.
The US$3 million investment, wholly owned by RMA, has a capacity of up to 6,000 vehicles per year, and is expected
http://www.phnompenhpost.com/index.php/2012032155152/Business/ford-plant-opens-in-sihanoukville.html
Banks see growth in Q1
Loans and deposits at Cambodia’s 31 commercial banks grew 35 per cent and 25 per cent respectively during the first quarter of the year on what insiders called increased soundness in the Kingdom’s financial sector.
Outstanding loans at the end of March hit US$4.6 billion, according
http://www.phnompenhpost.com/index.php/2012061256735/Business/banks-see-growth-in-q1.html
Looking to increase water access
More than half of Cambodians living in rural areas still do not have access to treated water, about 200 people heard yesterday at a forum at the Phnom Penh Hotel.
The event was sponsored by WaterSHED, an NGO funded by USAID’s Regional Development Mission-Asia and the Stone Family Foundation.
According
ACU takes aim at bribes
The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday.
At a press conference, acting ACU president Chhay Savuth said that 22
http://www.phnompenhpost.com/index.php/2012050956060/National-news/acu-takes-aim-at-bribes.html
Fake potash reduces rice profits and farm output
A senior agricultural official is concerned by the prevalence of fake fertilizers that cause stunted rice crops and reduce farmers’ profits.
Ngin Chhay, director of the Rice Crops Department in the Ministry of Agriculture, Fishery and Forestry, told the Development Research Forum in Phnom Penh yesterday the products were
Newest ASEAN fund may be out of reach for Cambodian govt
The ASEAN Infrastructure Fund, the largest pooling of financial resources among Southeast Asia’s 10-member bloc, held its first board meeting in Manila last week, but the extent to which Cambodia will borrow from the non-concessional fund has yet to be determined, experts said.
ASEAN countries and
ASEAN Infrastructure Fund could be within Cambodia's reach
Access to the region’s largest collective financial resource, the ASEAN Infrastructure Fund, could be easier than expected for Cambodia, according to an Asian Development Bank economist.
Initiated in May, the fund is expected to lend up to US$4 billion and leverage up to $13 billion for
http://www.phnompenhpost.com/index.php/2012071057314/Business/regional-fund-cambodia-adb.html
Leader lost, but activists fight on
An estimated 600 people will travel to parts of the Cardamom Mountains in Koh Kong province to investigate illegal logging and commemorate the death of slain environment activist Chut Wutty tomorrow.
Communities from eight provinces that have been affected by deforestation will travel to Koh Kong
Bandwidth boost underway
Fuelled by downward pressure on internet pricing, state-owned Telecom Cambodia had dramatically increased its fibre-optic link with Vietnam, officials and experts said.
The new 10-gigabyte connection would further lower prices and boost the speed of Cambodian internet connections in a market where demand for bandwidth was driven by
http://www.phnompenhpost.com/index.php/2012042655784/Business/bandwidth-boost-under-way.html
Water minister urges Laos to halt Xayaburi
Cambodia has urged Laos to halt construction of the controversial Xayaburi hydro dam project in the country’s north, a letter obtained by the Post yesterday reveals.
“Preliminary construction on Xayaburi dam has continued despite the lack of regional agreement,” Minister of Water Resources and Cambodia National Mekong Committeechairman Lim
Tepco, Toshiba to manage power grids in Cambodia
Tokyo Electric Power Co. Holdings will team with Toshiba to manage power grids in Cambodia, hoping to secure a new earnings source as the utility grapples with soaring cleanup costs for the Fukushima nuclear plant disaster.
Nikkei
http://asia.nikkei.com/Business/Deals/Tepco-Toshiba-to-manage-power-grids-in-Cambodia
Official pushes for an information access act
Many groups, including the ruling party, would benefit from a proposed access to information law – which would provide transparency when it comes to the government’s development plans and spending – a Council of Ministers official said yesterday.
Tuot Lux, a legal expert who has been
Roxy Casino made ‘modest profit’ since soft opening
Roxy Casino in Cambodia has made a “modest profit” since its soft opening on May 26, parent company Cell Aquaculture Ltd said in a filing to the Australian Securities Exchange. It did not provide figures.
The profit was attributed to its sports betting activities during FIFA World Cup 2014
GGRAsia News Staff
http://www.ggrasia.com/roxy-casino-made-modest-profit-since-soft-opening/
Timber trader Try Pheap linked to logging racket
In a new report, U.K. environmental rights group Global Witness places Cambodian timber magnate Try Pheap at the heart of a vast illegal logging operation driving the country’s rarest tree species to the brink of extinction with the collusion of government and military officials.
“The Cost
Zsombor Peter
https://www.cambodiadaily.com/news/timber-trader-try-pheap-linked-to-vast-logging-racket-77466/
Cambodians shun banks: World Bank report
Cambodian people used banks less than any other country in the Asia-Pacific region last year in percentage terms of using financial services, recent data from the World Bank showed.
The report, released this month, also pointed to high growth in the percentage of borrowers, which insiders
http://www.phnompenhpost.com/index.php/2012053056467/Business/cambodians-shun-banks.html
‘Viable’ Boeung Kak option floated
More than enough vacant plots exist within Boeung Kak lake’s 12.44-hectare concession area to house those denied land permits, a new NGO report says.
Sahmakum Teang Tnaut claims to have found “a viable and practical” solution for households excluded from the unmarked land the prime minister
http://www.phnompenhpost.com/index.php/2012070357170/National-news/viable-boeung-kak-option.html
Cambodia's Free Trade Union offers minimum wage plan
In the latest bid for an increase in garment-industry wages, Free Trade Union (FTU) president Chea Mony yesterday called on the Garment Manufacturers Association in Cambodia (GMAC) to come to the table and discuss a $120-per-month minimum wage.
A few days after Cambodian Confederation of Unions
Value of construction in Cambodia skyrockets
The amount of money spent on construction in Cambodia soared by 72 per cent in 2012 compared to 2011, according to data from the Ministry of Land Management, Urban Planning and Construction.
The ministry said it had issued 1,694 construction patents covering 6.5 million square metres
Car sales sharply rise in Cambodia in 2012 due to strong economic growth
Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of
http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm
