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For Union Leader on Run, Militant Attitude Prevails

Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...

Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/

In condom market, a growing private sector

When Phnom Penh was flooded with free condoms during the Water Festival last week—a public health push to ensure revelers who came for days of debauchery did so safely—the city’s condom vendors weren’t happy about it. The global health organization Population Services International (PSI), whose ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/in-condom-market-a-growing-private-sector-72352/

Kep death toll reaches 36, governor to keep position

Prime Minister Hun Sen on Sunday said no official would be dismissed for the six-storey building collapse that killed 36 people and injured 23 others in Kep province on Friday. Hun Sen made the remarks as he wrapped up a rescue operation that took 43 ...

Voun Dara and Niem Chheng
https://www.phnompenhpost.com/national/kep-death-toll-reaches-36-governor-keep-position

Officials declare assets, debts

As of January 4, nearly 8,000 of some 20,000 government officials have declared their assets and debts and submitted the relevant documents to the Anti-Corruption Unit (ACU). This follows an ACU notice on October 17, last year, to nearly 50 ministries and institutions in the ...

Long Kimmarita
https://www.phnompenhpost.com/national/officials-declare-assets-debts

Single-use plastics targeted in schools across Siem Reap

The Cambodia Rural Students Trust (CRST) in cooperation with the Ministries of Environment, and Education, Youth and Sport will implement a plastic bag reduction project initially covering 20 schools in Siem Reap province. Ministry of Environment secretary of state Neth Pheaktra said on Thursday that ...

Voun Dara
https://www.phnompenhpost.com/national/single-use-plastics-targeted-schools-across-siem-reap

Growth pegged at 5.5% for ‘23 recovery stage by World Bank

The World Bank has upheld its economic growth forecast for Cambodia this year at 5.5 percent, supported by the resurgence of the services sector, particularly tourism, following the post-pandemic recovery. This projection is in contrast with the Asian Development Bank (ADB), which revised its growth ...

May Kunmakara
https://phnompenhpost.com/business/growth-pegged-55-23-recovery-stage-world-bank

Documents revealed in massive fraud case

The documents concern a court case brought by representatives of Hong Kong-based Enviro Group Holdings Limited who are suing John Davies and Lim Lian Tho – both former company directors of Phnom Penh based subsidiary Enviro Corporation (Cambodia) Ltd – and Mark McCluskey, a lawyer ...

http://www.phnompenhpost.com/index.php/2011070550183/National-news/documents-revealed-in-massive-fraud-case.html

Cambodia - Next Oil and Natural Gas Frontier?

U.S. and Japanese companies are interested in prospecting for oil and natural gas in Cambodia. According to Phai Siphan, state secretary and spokesman of the Council of Ministers Office, in the provinces of Preah Vihear, Siemreab, and Kampong Thom there are 17 oil blocs covering ...

http://oilprice.com/Energy/Energy-General/Cambodia-Next-Oil-and-Natural-Gas-Frontier.html

Tensions at DFDL prompt creation of new firm

Two partners and about 20 employees at DFDL, a regional law firm that has consulted on some of Cambodia’s biggest investment projects over the past 16 years, stunned the company last weekend with an announcement of their departure to start a new tax advisory outfit. The ...

http://www.phnompenhpost.com/index.php/2012022754727/Business/partners-at-dfdl-start-new-firm.html

Auction closes on high note

This past Sunday afternoon, while the rest of Phnom Penh’s residents hid from the sweltering heat, a steady stream of cars and motos made their way down a long accces road, flanked by green lawn and tennis courts. Alighting at the Sofitel Phokeetra on the Tonle ...

http://www.phnompenhpost.com/index.php/2012031354992/Lifestyle/auction-closes-on-high-note.html

Ministries’ different interpretations, wood imports get stuck

The Vietnam Agriculture and Forestry Investment and Development Company in Hanoi is one of the two enterprises that signed a contract on importing 20,000 cubic meters of wood from Cambodia. Cambodian authorities approved the export of the volume of wood to Vietnam in 2011-2012. The ...

http://english.vietnamnet.vn/fms/business/55233/ministries--different-interpretations--wood-imports-get-stuck.html

Survey Says Cambodia Lacks Fiscal Transparency

The government has failed to improve transparency of its finances, according to a global report released yesterday, which ranks Cambodia among the worst countries in the world for openness over budgets. The Washington-based International Budget Partnership’s Open Budget Survey 2012- conducted in Cambodia by NGO Forum- ...

http://www.cambodiadaily.com

Family Accepts $9000 over Collapse Death

The family of a worker who was killed when a ceiling collapsed at Kompong Spue province footwear factory lasts week has accepted 9,000 in compensation, and in return has agreed not file a complaint against the company, the deceased’s wife said yesterday. Rim Sarouen, 22, ...

http://www.cambodiadaily.com

Demand for Gold Rises as World Price Falls

Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...

http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/

Vietnam rubber tycoon rejects land grabbing accusations

A Vietnamese rubber tycoon has rejected accusations by Global Witness, a group that campaigns on resource issues, that it was involved in a land grabbing crisis in Southeast Asia. Doan Nguyen Duc, the chairman of Hoang Anh Gia Lai (HAGL) Group, told Vietnamese media the information ...

http://www.thanhniennews.com/index/pages/20130514-vietnam-rubber-tycoon-rejects-land-grabbing-accusations.aspx

Growth at risk from ‘turmoil’

Cambodia’s Minister of Commerce and long-time ruling party stalwart Cham Prasidh said yesterday that post-election demonstrations could prevent growth and even result in small-scale looting. “If they want to destroy the economy, they have to protest more and more in order to destroy,” he said. Speaking ...

http://www.phnompenhpost.com/business/growth-risk-%E2%80%98turmoil%E2%80%99

Rice plots blocked at dam site

In a first step toward clearing villagers from land intended for a planned Koh Kong provincial hydroelectric dam, a Chinese development firm has blocked a road leading to plots where villagers have continued to harvest rice. Officials from Tianjin Union Development Group, which was awarded a ...

Sen David
http://www.phnompenhpost.com/national/rice-plots-blocked-dam-site

Insurance Sector Sees Growth in First 6 Months

Revenue generated by the country’s insurance firms increased 25 percent to $22 million in the first six months of this year compared to the same period last year, according to data released Tuesday by the General Insurance Association of Cambodia (GIAC). Engineering insurance has become the ...

Hul Reaksmey
http://www.cambodiadaily.com/business/insurance-sector-sees-growth-in%E2%80%88first-6-months-42216/

Cambodia’s tourism soars

Cambodia’s tourist arrivals registered a 16.9% growth in September according to the country’s statistics and tourist Information department. The country attracted 283,787 visits compared to 242,747 during the same month in 2012. Released by the Ministry of Tourism, late last week, data showed the percentage ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2013/11/cambodias-tourism-soars/

Svay Rieng Workers Strike Again, Throw Rocks

Police briefly detained 13 garment factory workers on Thursday after about 20,000 workers, some throwing rocks, continued a strike that began Monday in Svay Rieng province’s Bavet City over wages and working conditions, a union official and police said. Union leaders had on Wednesday evening agreed ...

Aun Pheap and Alex Willemyns
http://www.cambodiadaily.com/news/svay-rieng-workers-strike-again-throw-rocks-49506/

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