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New Businesses Increase In First Nine Months

A total of 2,606 new businesses were registered in Cambodia during the first nine months of the year, an increase of 11.6 percent compared to the same period last year, data released yesterday by the Ministry of Commerce shows. According to the figures, the ministry approved 306 new ...

Cambodia’s coastal visits up

The number of foreign and local tourists who spent time in Cambodia’s coastal destinations increased in 2013, according to provincial officials in Preah Sihanouk, Kampot, Kep and Koh Kong provinces. Foreign visits swelled to 302,325, a 42 per cent rise compared with the same period ...

Chan Muy Hong
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-coastal-visits

Evictees abandon new land

About half the Koh Kong province villagers relocated to make way for a Union Development Group resort project have abandoned the new homes provided for them, citing poor conditions and an inconvenient location, a village representative said yesterday. More than 1,000 families living in the province’s ...

Phak Seangly
http://www.phnompenhpost.com/national/evictees-abandon-new-land

Security guards accused of beating

Security guards working for a firm building a resort in Koh Kong province beat a woman who was trying to farm the land from which she had been evicted, she has told police. Khun Phall, 40, said that on Monday evening, she and family members returned ...

Sen David
http://www.phnompenhpost.com/national/security-guards-accused-beating

Ethnic group petitions UN to halt Areng dam

The Areng Chorng ethnic minority group yesterday submitted five petitions – addressed to the UN office in Cambodia and four government institutions – seeking a halt to the Sinohydro dam project in Koh Kong province. After blocking Sinohydro from entering the dam site in the Areng ...

Phak Seangly
http://www.phnompenhpost.com/national/ethnic-group-petitions-un-halt-areng-dam

To honour Chut Wutty

Nearly two years have passed since Cambodia’s leading forestry activist, Chut Wutty, was gunned down in the Cardamom Mountains. After a long wait, more than 100 activists, supporters and monks will finally make the pilgrimage on Saturday to the spot where he was killed to pay ...

May Titthara
http://www.phnompenhpost.com/national/honour-chut-wutty

Rainsy attack ‘shocks’ tycoon

Prominent businessman and Cambodian People’s Party Senator Ly Yong Phat yesterday questioned what he had done to warrant a verbal attack from opposition party leader Sam Rainsy, who said on Wednesday that the tycoon had grabbed land from people in Koh Kong province and should ...

Meas Sokchea
http://www.phnompenhpost.com/national/rainsy-attack-%E2%80%98shocks%E2%80%99-tycoon

Cambodia to host rice event

After winning the World’s Best Rice Award for two years running at the World Rice Conference, Cambodia has been selected to host this year’s annual event. The World Rice Conference is a networking event that brings together rice industry professionals from all over the world. Initiated ...

Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-host-rice-event

Meeting suggests dam project moving ahead

Despite reports that Prime Minister Hun Sen recently offered assurances that construction of the controversial Stung Cheay Areng hydropower dam would not be allowed to begin in the near future, local officials are allegedly pushing forward with plans to relocate villagers. Multiple provincial, district and village ...

Alice Cuddy and May Titthara
http://phnompenhpost.com/national/meeting-suggests-dam-project-moving-ahead

New lotto company enters a shrinking industry

A Hong Kong company is hoping to attract a sizeable slice of Cambodia’s lottery market with the opening of outlets in Phnom Penh and around the country next month, according to the CEO of the firm’s local subsidiary. EGame Solutions, the parent company of Cambodian Mark ...

George Styllis
http://www.cambodiadaily.com/business/new-lotto-company-enters-a-shrinking-industry-72046/

CNRP lawmaker to visit site of proposed dam

Opposition CNRP lawmaker Pol Ham on Monday said he will visit the site of a proposed hydropower dam in Koh Kong province on Monday with colleagues from his parliamentary commission before they quiz government officials about the controversial project later this month. If built, the 108-megawatt ...

Hul Reaksmey
http://www.cambodiadaily.com/news/cnrp-lawmaker-to-visit-site-of-proposed-dam-72038/

As deadline nears, community braces for eviction

As the deadline set by City Hall for residents of a village in Phnom Penh’s Russei Keo district to vacate the area draws near, about 100 of them delivered a petition to the National Assembly on Wednesday in a last ditch effort to convince lawmakers ...

Ben Sokhean and Chris Mueller
http://www.cambodiadaily.com/news/deadline-nears-community-braces-for-eviction-73193/

Power-grid study to tackle supply problems

U.S. conglomerate General Electric (GE) on Thursday inked a $1 million deal with Cambodia’s state-owned Electricite du Cambodge (EdC) to conduct a six-month study to identify weaknesses in Cambodia’s electrical grid with the aim of enhancing the reliability of the power supply. According to the EdC, ...

George Styllis and Kang Sothear
https://www.cambodiadaily.com/business/power-grid-study-to-tackle-supply-problems-74517/

NagaWorld posts $136M profit

On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 million for 2014, ...

Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit

Rail rivals China, Japan compete for high-speed track in Asia

In many parts of northeast Asia and Europe train travel in the 21st century is a safe and fast cross-country mode of transport. In South and Southeast Asia, riding the rails is frequently frustrating and sometimes dangerous with derailments and fiery crashes. Impoverished Cambodia has ...

Steve Herman
http://bit.ly/1aXwYKw

Areng valley activist denies illegal logging allegations

An environmental activist in Koh Kong province’s Areng Valley on Monday denied building an ecotourism information center with illegally logged wood after he was summoned to the local court to answer questions over alleged forestry crimes. ...

Khuon Narim
https://www.cambodiadaily.com/news/areng-valley-activist-denies-illegal-logging-allegations-78939/

KiwiPay plan merger with Meal Temple

Hong-Kong-based fintech firm Kiwi Pay Group Co Ltd (KiwiPay) announced a strategic merger with Cambodian food and grocery delivery start-up Meal Temple Group Pty Ltd to enter more developing markets with a new app called KiwiGo. ...

Thou Vireak
https://www.phnompenhpost.com/business/kiwipay-plan-merger-meal-temple

Heavy rain, flooding expected for coastal and low-lying areas

Low-lying areas in Phnom Penh, provinces around the Tonle Sap Lake and the coastal provinces of Preah Sihanouk and Koh Kong could experience flooding caused by heavy rains from September 6.   ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/heavy-rain-flooding-expected-coastal-and-low-lying-areas

Cambodia-HK expo tipped to increase trade

Bilateral trade between Cambodia and China is expected to grow with the interest shown by traders and investors during the Cambodia-Hong Kong exhibition in Phnom Penh, which featured over 40 companies. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-hk-expo-tipped-increase-trade

PM pats GDT chief on back after record tax revenues

Prime Minister has congratulated General Department of Taxation (GDT) chief Kong Vibol on a job well done after the agency last year collected revenues equivalent to 122.54 per cent of the target set by the annual financial management law, in the “highest surplus of all ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-pats-gdt-chief-back-after-record-tax-revenues

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