Indochine raises A$5.5m, sells 85% of Cambodia gold assets
ASX-listed Indochine Mining has completed the first part of a A$26.3-million capital raising, and has signed a deal with fellow-listed Capital Mining to dispose of an 85% shareholding in its wholly owned subsidiary, which owns gold assets in Cambodia. Earlier this month, the precious metals developer ...
Esmarie Swanepoel
http://www.miningweekly.com/article/indochine-raises-a55m-sells-85-of-cambodia-gold-assets-2013-10-08
Garment exports up, margins down
Despite concerns that political uncertainty would be a drag on the economy, Cambodia’s garment exports continued on an upward trend in the first nine months of the year, the latest data show. Though volume increased, factory profit margins were squeezed due to labour disputes and demands ...
Hor Kimsay
http://www.phnompenhpost.com/business/garment-exports-margins-down
Textbooks arriving COD, NGOs claim
School textbooks paid for by the Asian Development Bank have been routed to district education offices, some of which are charging schools for books that are supposed to be free, an NGO investigation has found. The textbooks on Khmer literature, maths, geography, morality and science were ...
Chhay Channyda
http://www.phnompenhpost.com/national/textbooks-arriving-cod-ngos-claim
Land prices in Siem Reap spike 15 per cent
Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert. Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 ...
Siv Meng
http://www.phnompenhpost.com/real-estate/land-prices-siem-reap-spike-15-cent
Cambodia to establish first civil aviation school
Cambodia planned to set up the first ever Civil Aviation Training Center with South Korean assistance in order to boost development of air transport industry and tourism, a spokesman said Saturday. “South Korea agreed to provide 10.1 million U.S. dollars in grant aid to Cambodia for ...
http://news.xinhuanet.com/english/world/2013-10/12/c_132793377.htm
Cambodia: Pro-opposition's trade unions rally against low wage hike for 2014
An estimated 3,000 garment workers from various factories rallied at the capital’s Freedom Park on Wednesday to protest against the low wage hike for 2014. The strike was led by pro-opposition trade unions. It happened a day after the government decided to raise a monthly minimum ...
Voice of Russia News Staff
http://voiceofrussia.com/news/2013_12_25/Cambodia-Pro-oppositions-trade-unions-rally-against-low-wage-hike-for-2014-4683/
Profits dip for water authority
Second-quarter net profit for the exchange-listed Phnom Penh Water Supply Authority dropped nearly 26 per cent to $2 million from the same quarter a year ago, according to the most recent financial report released on October 11. Sim Sitha, the director-general of PPWSA, said the decrease ...
May Kunmakara
http://www.phnompenhpost.com/business/profits-dip-water-authority
Committee Approves $25 Million Budget for National Assembly
The CPP-controlled Permanent Committee of the new National Assembly has approved a $25-million budget to cover the Assembly’s costs for the coming year, despite the continued absence of nearly half the 123-member body’s elected lawmakers. The opposition CNRP’s 55 lawmakers-elect have been boycotting the Assembly since ...
Hul Reaksmey
http://www.cambodiadaily.com/news/committee-approves-25-million-budget-for-national-assembly-45434/
China donates 1 mln U.S. dollars to Cambodia for flood victims
China on Thursday donated one million U.S. dollars to Cambodia for the relief of the flood- affected people. Chinese Ambassador to Cambodia Bu Jianguo handed over the cash donation to Cambodian Prime Minister Hun Sen at the Peace Palace in the Cambodian capital. Bu, on behalf of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2013-10/31/c_132848826.htm
Global Fund’s probe saw little cooperation
Financial records the Global Fund requested for its investigation into widespread corruption in health grants to Cambodia were withheld and censored by grant recipients, the probe found, suggesting a systematic attempt to cover up wrongdoing. Out of a total of $220.3 million worth of expenses the ...
Daniel Pye
http://www.phnompenhpost.com/national/global-fund%E2%80%99s-probe-saw-little-cooperation
Borei Keila Families Mark Anniversary Of Eviction
About 100 former residents of the Borei Keila community on Friday morning marked their violent eviction two years ago by authorities from their former neighborhood and demanded that their homes be rebuilt. “We are the families of Borei Keila, and with this ceremony we mark the ...
Sek Odom
http://www.cambodiadaily.com/news/borei-keila-families-mark-anniversary-of-eviction-50070/
Union to Defy Order, March to Commemorate Chea Vichea’s Slaying
About 150 garment worker union representatives will defy a ban on public assemblies and mark the 10th anniversary of the assassination of union leader Chea Vichea by marching from their office in Chamkar Mon district to the site of his murder at Wat Lanka on ...
Kuch Naren
http://www.cambodiadaily.com/news/union-to-defy-order-march-to-commemorate-chea-vicheas-slaying-50846/
Wing, Foreign Trade Bank partner to offer prepaid Visa Cards
Mobile payment company Wing and the Foreign Trade Bank (FTB) of Cambodia on Monday announced they had joined forces to expand the bank’s already-existing prepaid Visa card network in an effort to make it easier for locals without bank accounts to have access to electronic ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/wing-foreign-trade-bank-partner-to-offer-prepaid-visa-cards-52487/
Environment minister to visit UDG project in Koh Kong province
Environment Minister Say Sam Al is scheduled to visit Koh Kong province today, while a representative of Chinese-owned company Union Development Group said the minister is expected to pay a visit to their 45,000hectare land concession, which has been the cause of a long-running land ...
Hul Reaksmey
http://www.cambodiadaily.com/news/environment-minister-to-visit-udg-project-in-koh-kong-province-53249/
Eighteen fired bus drivers protest in front of firm’s office
Eighteen sacked drivers for the Phnom Penh Sorya Transportation company protested in front of the company’s offices Friday morning calling for their reinstatement and a raise. The drivers say they were fired in mid- and late-April for leading strikes—in which they walked off with the keys ...
Sek Odom
http://www.cambodiadaily.com/news/eighteen-fired-bus-drivers-protest-in-front-of-firms-office-57423/
Media experts fear online restrictions in Vietnam, Cambodia
Media experts warn that Vietnam continues to restrict social media, and Cambodia could be following suit. At a forum in Washington to mark World Press Freedom Day on May 3, panelists said online and traditional media activities have been restricted by Vietnamese authorities. The forum, ...
Sok Khemara,
http://www.voacambodia.com/content/media-experts-fear-online-restrictions-in-vietnam-cambodia/1910603.html
Thai court agrees to hear lawsuit over controversial Xayaburi dam in Laos
A top court in Thailand agreed on Tuesday to hear a lawsuit brought by villagers against the country’s decision to purchase power from the planned Xayaburi mega dam in neighboring Laos, which green groups say could threaten the region’s environment and food security. Overruling a lower ...
Parameswaran Ponnudurai
http://www.rfa.org/english/news/laos/lawsuit-06242014170128.html
Political deal on horizon
Secret negotiations between the ruling Cambodian People’s Party and the opposition are close to reaching a solution to the political stalemate that has gripped Cambodia since July’s general election, according to sources privy to the discussions. Officials from both parties yesterday denied that talks had occurred, ...
Kevin Ponniah and Daniel Pye
http://www.phnompenhpost.com/national/political-deal-horizon
EU Ambassador Distances Local Delegation From Resolution
European Union (E.U.) Ambassador to Cambodia Jean-Francois Cautain distanced himself Monday from a European Parliament resolution calling for an independent investigation into July’s disputed national election and the killing of five striking garment workers this month. The European Parliament on Thursday passed the resolution, which urges ...
Alex Willemyns
http://www.cambodiadaily.com/news/eu-ambassador-distances-local-delegation-from-resolution-50914/
Restore Free Assembly, UN Rights Council Says
Cambodia’s human rights record was assessed Tuesday by the U.N. Human Rights Council’s 47 member states in Geneva, many of which cited concerns about the recent violent suppression of protests by the government, and a judiciary beholden to Prime Minister Hun Sen’s ruling CPP. The U.N. ...
Lauren Crothers
http://www.cambodiadaily.com/news/restore-free-assembly-un-rights-council-says-51097/