Telecom tax in pipeline
Future growth of telecom networks in rural Cambodia will be funded by a three percent tax on gross revenue for the country’s telecom operators, due to begin within the first half of 2017. Im Vutha, spokesperson for the Telecom Regulator of Cambodia (TRC) told Khmer Times ...
May Kunmakara
http://www.khmertimeskh.com/news/31245/telecom-tax-in-pipeline/
Single-visa initiative puts Myanmar flights on course
Myanmar’s Ministry of Tourism is pushing forward with the implementation of a “two countries, one destination” campaign that hinges on establishing direct flights between the historic cities of Bagan and Siem Reap. The campaign’s single-visa programme would allow tourists holding either a Myanmar or Cambodia ...
Kali Kotoski
http://www.phnompenhpost.com/business/single-visa-initiative-puts-myanmar-flights-course
Sumimoto Mitsui sins agreement with Acleda
One of Japan’s biggest banks, Sumimoto Mitsui Banking Corporation (SMBC) signed agreement with Acleda Bank to share market data and banking services. The deal will give Japanese investors information on the economy and offer other banking services and is aimed at improving bilateral trade and investment. The deal would ...
CIMBT expands intra-Asean ATM service
CIMB Bank Thai (CIMBT) clients will one day able to use ATMs for financial transactions anywhere in Asean. The regional linkage of ATMs is aimed at improving service and cost efficiency as a part of the CIMB Group’s regional strategy. Executive vice-president Dusanee Klewpatinontha said Cambodia has ...
http://www.bangkokpost.com/business/economics/312275/cimbt-expands-intra-asean-atm-service
Death points up urgency of ELC review
The government needs to act – and act now – to review all economic land concessions, which underscore the Kingdom’s dark disease of violent land disputes, rights groups said yesterday. Ten days after Prime Minister Hun Sen signed a regulation for an immediate and indefinite moratorium ...
Mondulkiri villagers face eviction deadline
Authorities set a May 25 deadline yesterday for residents of Mondulkiri province’s Rayum commune in Koh Nhek district to leave their homes, prompting the deployment of additional provincial forces to the area. Villager Seng Channy, 52, said that the coalition of about 300 police, soldiers and ...
Boeung Kak 13 Vow To Continue Demonstrations
Thirteen Boeung Kak protesters released from jail Wednesday say they will continue their demonstrations until they obtain more land on a real estate development in the capital. Representatives wasted no time in meeting after their release from prison following a decision by the Appeals Court Wednesday. “The ...
Onyx looks to Asean presence
Onyx Hospitality Group is looking to expand its portfolio to the “CLMV” countries of Cambodia, Myanmar, Laos and Vietnam, as well as to Malaysia, as it positions itself to reap the benefits of upcoming Asean economic integration The Thailand-based hotel group, whose goal is to become ...
http://www.nationmultimedia.com/business/Onyx-looks-to-Asean-presence-30192840.html
Chinese Sugar Firms Accused of Land Grabbing
More than 100 villagers in Preah Vihear province have accused a group of Chinese-owned sugar plantations of encroaching on their farms and community forests since mid-2012 and say they are still waiting for a resolution. Sen Som, a rice farmer in Chheb district, said Heng Rui ...
PH may tap Cambodia rice buffer stocks
The Philippines may decide to choose Cambodia to supply some of the rice it needs to boost its buffer stocks, Agriculture Secretary Proceso Alcala said on Friday. Alcala said the government still has to buy 120,000 metric tons of rice to fill the 500,000 metric tons ...
http://business.inquirer.net/58969/ph-may-tap-cambodia-rice-buffer-stocks
Cambodia Bourse Sees End to IPO Drought
Cambodia’s stock market is set for a revival early next year when initial public offerings are expected by at least four local companies, ending a drought for a bourse that has hosted just one listing since its trading debut in April. State-owned Telecom Cambodia and Sihanoukville ...
http://online.wsj.com/article/SB10001424127887323894704578114560882515832.html?mod=googlenews_wsj
Hun Sen Appeals for Kep's Vines to Be Tamed
Prime Minister Hun Sen appealed yesterday for developers and landowners in Kep City to build fences around their neglected properties to prevent vines from creeping onto the street of the coastal resort. Since much of the land in Kep City is owned by investors who live ...
Land Battle Headed to Court
Eight ethnic Tampuon villagers from Ratanakkiri’s Bakeo district will file a lawsuit at provincial court today alleging that more than 70 hectares of protected forest have been illegally cleared by a police official and six villagers from a neighbouring commune. Ting Kham Se, 52, of Laminh ...
http://www.phnompenhpost.com/2013052765851/National/land-battle-headed-to-court.html
IPU Finds Assembly Has Little Loans Oversight
Cambodia’s National Assembly is lacking, compared to other countries’ parliaments, in the oversight it exercises over new loans taken out by the government from international financial institutions, according to a new report. The study, published Tuesday by Geneva-based Inter-Parliamentary Union (IPU) and the World Bank, found ...
http://www.cambodiadaily.com/business/ipu-finds-assembly-has-little-loans-oversight-36432/
Floods kill 152 people, affect 418,770 families in Cambodia: officials
The Mekong River and flash floods have killed at least 152 people and affected 418,770 families in 20 provinces in Cambodia, disaster control officials said Friday. Pon Narith, Secretary General of the National Committee for Disaster Management (NCDM), said floods have hit the country twice this ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/18/c_132809421.htm
Hun Sen rejects opposition calls to hold new election, step down
Cambodian Prime Minister Hun Sen on Friday rejected opposition calls for him to dissolve the National Assembly to pave the way for a new election and to step down from power. “I want to stress that there is no re-election, no one dissolves the legislature and ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/kyodo-news-international/131220/hun-sen-rejects-opposition-calls-hold-new-election-ste
Monks enter forest fray
Months ago, Chinese engineers were posting markers for a hydropower dam opposed by villagers in Koh Kong province’s Areng Valley. This week, in marked contrast, monks draped trees in iconic saffron sashes as they blessed the very forest the dam would destroy. The saffron robes ...
Daniel Quinlan and Phak Seangly
http://www.phnompenhpost.com/national/monks-enter-forest-fray
Illegal ivory a sign Cambodia is new transit point
The seizure on Friday of a large haul of African elephant tusks in Svay Rieng province, only one month after police intercepted a large ivory haul in Siem Reap, could indicate that Cambodia is becoming a major transit point for illegal ivory, experts said Monday. The ...
Simon Henderson and Saing Soenthrith
http://www.cambodiadaily.com/news/illegal-ivory-a-sign-cambodia-is-new-transit-point-54876/
US turns to Cambodia rice market
Cambodia’s rice exporters are eager to sell more of their goods in the United States and tap into the world’s largest economy. Speaking at the International Export Market Research for Cambodian Rice seminar in Phnom Penh yesterday, Song Saran, CEO of Amru Rice Cambodia, one of ...
Hor Kimsay
http://www.phnompenhpost.com/business/us-turns-cambodia-rice-market
Rice sector credit boost
The government-backed Rural Development Bank (RDB) will lend $64 million to Cambodia’s agriculture sector in 2014, the bank’s top official said yesterday. Sun Kunthor, president of RDB, said most of the funding would be used to support growth in Cambodia’s rice sector as it strives to ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-sector-credit-boost