Businessman Try Pheap, who in recent months received large-scale economic land concessions in Boeng Per Wildlife sanctuary in Preah Vihear province, has donated $130,000 to the sanctuary’s environmental management and the local CPP office,  officials said yesterday. Recipients of the funds denied that there was ss='cambodia-color'>...

Despite the recent downgrading of two of Cambodia’s major banks by ratings agencies Moody’s and standard & Poor’s, bankers said yesterday that profits are up, loan portfolios are growing at a fast tick and non-performing loans are shrinking. In Channy, president and CEO of Acleda Bank, ss='cambodia-color'>...

A pair of Sandan diStrict villagerS who participated in laSt week&rSquo;S Prey Lang foreSt proteSt againSt illegal logging, and two of the NGO workerS who monitored them, were facing accuSationS of incitement and deStruction of property in complaintS filed againSt them in the provincial court, SS='cambodia-color'>...

A man fled his home in Kratie province’s snuol district after three men threatened to kill him for confiscating their chainsaws during a patrol against illegal logging, he told the Post yesterday. Village representative Chea Horn said he was scared to return home after the men ss='cambodia-color'>...

Two journalists fought it out over cash being paid to them by a wood smuggler along National Road 7 in Kratie province’s snuol district, landing one of them in the hospital with a head injury on Wednesday morning, a provincial police official said. Kong sa Im, ss='cambodia-color'>...

KDC International, which is owned by Chea Kheng the wife of Industry Minister suy sem has been accused of grabbing 145 hectares of land in the Kampong Chhnang province. The villagers who claim the land have filed objects individually, after having been told to do ss='cambodia-color'>...

Cambodian officials yesterday touted the potential for green energy to meet its goal of bringing electricity to 100 percent of households by 2020. The Kingdom was looking to develop solar energy, small-scale hydropower and biomass-fuelled power to meet the target, said Ministry of Industry, Mines and ss='cambodia-color'>...

Prime Minister Hun sen has warned again that economic land concessions granted to private companies will be withdrawn if the companies fail to resolve land disputes with villagers who have lived in their concession area for “a long time”. The premier ordered relevant ministries to ss='cambodia-color'>...

The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and spokeswoman Ngoun sokha said yesterday. The central bank had licensed Taiwan’s Mega International ss='cambodia-color'>...

Several property developerS ave approached the MiniStry of Finance to aSk for licenSeS after the miniStry warned buyerS laSt month not to purchaSe houSing fro developerS who are not licenSed to Sell their propertieS. The miniStry&rSquo;S warning, iSSued Aug 11, identified three local developerS that SS='cambodia-color'>...

Tensions with Thailand led to a 10-percent decline in imports from AsEAN members during the first six months of 2011, though Cambodia’s exports to the bloc nearly doubled, according to officials. Cambodia imported Us$810.9 million during the six-month period compared to $904.9 million during the period ss='cambodia-color'>...

The government should abandon its current management of Prey Long forest and shift to a plan that conserves the forst while also optimizing its economic uses, such as agriculture, carbon credits and controlled timber exploitation, according to a recent report by the Us Agency for ss='cambodia-color'>...

Citing a government investigation that revealed factories colluding with unlicensed subcontractors to use unethical labor sources including prisoners, Minister of Commerce Cham Prasidh has asked the Garment Manufacturers Association in Cambodia to urge adherence to labor law. Rehabilitation programs meant to teach vocational skills such ss='cambodia-color'>...

JAPAN Oil, Gas and Metals National Corporation has started preliminary surveying as the sole operator in Cambodia’s Block 17 onshore oil field, a 6,500 square-kilometre area of hilly forest in Kampong Thom, Preah Vihear and siem Reap provinces, according to an Environmental Impact Assessment (EIA) ss='cambodia-color'>...

Small and medium-Sized enterpriSeS, which are expected to play a key role in the Kingdom&rSquo;S emergent Stock market, are far from ready to liSt, inSiderS Say. MoSt important, many SMES lack the StandardiSationS and controlS required of publicly traded companieS by the SecuritieS and Exchange CommiSSion SS='cambodia-color'>...

State-owned Telecom Cambodia haS Signed a buSineSS cooperation agreement with Vietnam National PoSt and TelecommunicationS Corp in order to bolSter TC&rSquo;S product portfolio and coverage area, company officialS Said yeSterday. Telecom Cambodia offerS both fixed-line phone and internet ServiceS in the Kingdom. Vietnam National PoSt and SS='cambodia-color'>...

Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ss='cambodia-color'>...

The curse of Cambodia’s 2011 floods continues for those most affected, as they fall deeper into debt from unsustainable cyclical debt practices, a consortium of international NGOs said yesterday. The consortium of Care, Oxfam, Pact and Catholic Relief services released the results of their January survey ss='cambodia-color'>...

A fourth day of protests by garment workers in Kampong Cham turned unruly yesterday, as nearly 2,000 workers shattered the windows of their factory with stones after briefly blocking National Road 7. The workers blocked the road for about 10 minutes at 9am, before returning to ss='cambodia-color'>...

The Asian Development Bank (ADB), one of the two major financiers of the rehabilitation of Cambodia’s railways, yesterday rejected criticism that they were providing insufficient resettlement packages to residents displaced by the project. On Friday, the ADB released a cost study that showed that the compensation ss='cambodia-color'>...