Cambodia’s financial sector still ‘strong’: Belgium’s Incofin
The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA. ss='cambodia-color'>...
Rann Reuy
https://www.phnompenhpost.com/business/cambodias-financial-sector-still-strong-belgiums-incofin
Okvau resource’s value at centre of dispute
Gold in Mondolkiri is at the center of a dispute between OZ Minerals and shin Ha Mining Co Ltd after an alleged breach in contract. OZ Minerals bought out shin Ha Mining Co Ltd from their joint venture without paying the true value of the ss='cambodia-color'>...
CPP Senator’s Company Says $40M Embezzled
The former deputy director of Anco Groups conglomerate and his wife have been denied bail when accused of stealing nearly $40 million. Anco Groups conglomerate is a consumer good vendor, electricity and hotel operator and is owned by Kok An. If convicted the former deputy ss='cambodia-color'>...
Villagers Seek Premier’s Intervention for Land Titles
Villagers from Battambang province have submitted petitions to Prime Minister Hun sen asking that land management officials grant them the titles to the land they claim to have lived and worked on for 30 years. Apparently they were previously granted the right to construct homes ss='cambodia-color'>...
Bus Company’s Partner Involved in Similar Crash
Kampuchea Angkor Express and Virak Buntham Express Travel, two bus companies that share a fleet of busses and operate services running between siem Reap, Cambodia and Ho Chi Minh City, Vietnam have both been involved in bus crashes recently. A number of passengers were injured ss='cambodia-color'>...
$100m fund to target Kingdom’s growth
Vietnam-based Dragon Capital is raising up to Us$100 million for a new Indochina fund, some of which the private equity firm would invest in Cambodian agriculture and infra-structure, Dragon’s chief information officer Bill stoops said yesterday. Dragon Capital has a 20 per cent stake ss='cambodia-color'>...
Thailand’s gem industry may move to Cambodia
Cambodia could overtake Thailand’s gem export market to the United states within five years, officials said yesterday. Thailand’s growing economic status could soon disqualify it for tax exemption when exporting gems to the Us market, but Cambodia’s standing as a Least Developed Country would allow it ss='cambodia-color'>...
Cambodia’s trade with Hong Kong jumps 22%
Bilateral trade between Cambodia and Hong Kong rose more than 22 per cent year-on-year in 2011, according to data from the Hong Kong Trade Development Council, whose regional base is in Hanoi. Total trade was Us$741 million, compared with $607 million in 2010. Cambodia’s exports to Hong ss='cambodia-color'>...
Villagers Torch Firm’s Shed Over Land Concession
About 400 villagers in Kratie province’s Chhlong district protested yesterday in an effort to stop Kasten agro-industrial company from building houses on contested farmland, the protesters said. The company used red paint to demarcate its boundary and started building houses on the farmland in January, said ss='cambodia-color'>...
Tech businesses among Cambodia’s fastest-growing sectors
More than one-sixth of Cambodian businesses in 2011 were part of the Kingdom’s information and communications sector, a government census showed. Of the 182,439 new enterprises that sprang up in the country between June 2009 and March 2011, some 95,590 serviced the sector, according to the ss='cambodia-color'>...
Trial of Minister’s Wife Opens Without Plaintiffs
Opening statements started yesterday in a trial pitting Kompong Chhnang province villagers against the wife of Minister of Industry suy sem over a long-standing land dispute. However, the plaintiffs and human rights workers monitoring the trial criticized yesterday’s proceedings, which were allowed to proceed despite ss='cambodia-color'>...
A Tough Ride for S Korean Property Projects
GS Engineering & ConStruction broke ground on June 18, 2008 of Cambodia&rSquo;S largeSt building the International Finance Complex in Phnom Penh but Since then haS been SuSpend or forced to downScale like all of the other building projectS in the city. Worth more than $4.5 SS='cambodia-color'>...
Malaysian interest up in Cambodia’s land concessions
Lion Forest Industries Berhad will seek to acquire a 9,995 hectare concession in Cambodia, the latest in a number of Malaysian firms eyeing the Kingdom to increase land banks this year. The firm aims to cultivate rubber and palm oil on the proposed concession in Preah ss='cambodia-color'>...
Thailand’s Former Official Denies Secret Oil Talks
Thailand’s former Deputy Prime Minister suthep Thaugsuban has denied Cambodia’s recent claim that he initiated secret bilateral talks over coveted oil reserves in disputed Gulf of Thailand waters, Thai news service MCOT reported saturday. In a statement last week, the Cambodian National Petroleum Authority said ss='cambodia-color'>...
Cambodia’s inflation up over 5% in February
Prices in Cambodia rose 5.4 per cent year-on-year in February, as fuel costs continued to push inflation higher, according to data from the National Institute of statistics released yesterday. Foodstuffs, however, saw declines following demand that was driven by Chinese New Year, though paddy prices were ss='cambodia-color'>...
Namhong Says S China Sea a Regional Issue
Foreign Affairs Minister Hor Namhong said yesterday that the contentious issue of the south China sea should not become an international issue, but must be solved among the region’s neighbors. speaking to reporters at the Foreign Affairs Ministry alongside visiting Australian Foreign Affairs Minister Bob Carr, ss='cambodia-color'>...
Hun Sen’s Nephew Hits Back at Allegations
Prime Minister Hun sen’s nephew Hun To hit back strongly yesterday at allegations published in a leading Australian newspaper, The Age, which linked him to an international drug smuggling and money laundering ring, demanding that the publisher print a retraction. Mr. To sent a letter to ss='cambodia-color'>...
Sotheby’s Gets Stay on Khmer Statue Confiscation
The future of a 1,000-year-old Khmer statue—which sotheby’s auction house in New York was ordered by the Us government on Wednesday to hand back to Cambodia—is now in the hands of the Us courts. The statue of the guardian Duryodhana is believed to have come from ss='cambodia-color'>...
Flights to Arrive From China’s Yunnan Province
An airline in China’s Yunnan province will begin offering flights from its capital, Kunming, to Phnom Penh and siem Reap City, Council of Ministers spokesman Ek Tha said yesterday. ss='cambodia-color'>...
City’s Transportation Workers Protest High Gasoline Prices
About 100 tuk-tuk drivers, motorcycle taxi drivers, vendors and other informal transportation workers protested against the high price of gasoline yesterday at the National Assembly, claiming the high petrol prices are cutting into their small profits. Vorn Pao, president of the Independent Democracy of Informal Economy ss='cambodia-color'>...
