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Trucking Companies Plagued by High Costs, Informal Payments

Despite growing exports, freight companies say profits are being hit because most firms still use old, inefficient trucks and are often forced to pay custom officials informal fees at border checkpoints and ports. Transportation costs in Cambodia are already some of the highest in the region, ...

http://www.cambodiadaily.com/business/trucking-companies-plagued-by-high-costs-informal-payments-3716/

Fourth missing in dam disaster, say witnesses

Workers who directly witnessed the Stung Atai dam accident more than a week ago have contested government accounts, telling the Post four, not three, men were still missing after an outlet pipe burst. Those working or living near the dam also told the Post investigations pledged ...

http://www.phnompenhpost.com/National/fourth-missing-in-dam-disaster-say-witnesses.html

Senate Oks Sesan Dam Payment Deal

After a 60- minute debate, the Senate on Friday voted in favour of a payment guarantee for the private companies constructing the controversial Lower Sesan 2 dam in Stung Treng province. At the Senate session, 43 out of 48 senators voted to approve the deal which ...

http://www.cambodiadaily.com

Bids called on Cambodia rail link

The State Railway of Thailand (SRT) will call an e-auction on April 10 on work to renovate damaged tracks connecting Thailand with Cambodia at the Aranyaprathet-Poipet crossing, Transport Minister Chadchat Suttipan said on Tuesday. The railway agency estimated the project will cost 2.8 billion baht. ...

http://www.bangkokpost.com/breakingnews/343563/thailand-to-open-bid-to-rebuild-tracks-with-cambodia

Telecom Cambodia Suffers Amid Competition

State-owned Telecom Cambodia lost more than $40 million during the five-year tenure of director general Lao Saroeun, who is now set to move into a new government job despite an investigation into alleged corruption at the company, officials said yesterday. Speaking at the annual meeting ...

http://www.cambodiadaily.com

Largesse and threats ahead of election

Prime Minister Hun Sen warned thousands of villagers yesterday that his most popular initiatives, including his far-reaching land-titling scheme, will simply disappear if he is not re-elected in July’s national election – amid suggestions his campaigning has unofficially begun. In a marked shift from his apparent ...

http://www.phnompenhpost.com/2013032664688/National/largesse-and-threats-ahead-of-election.html

The price of land development in Cambodia

Phnom Penh, a city once fabled for its stately colonial buildings and boulevards, and its serene riverside setting, is becoming a city of glaring contrasts. An economy left in ruins by the years of war and violent revolution in the 1970s and 80s grew at a ...

http://www.bbc.co.uk/news/world-asia-21973412

Mfone value is revised

Althought the initial book value – purchase cost minus depreciation – of the assets of bankrupt Cambodian telecommunications firm Mfone was estimated at $105 million, employee representatives claim the estimated market value is closer to $30 million to $40 million. Bou Kunthea, an Mfone employee representative, ...

http://www.phnompenhpost.com/2013040264827/Business/mfone-value-is-revised.html

Report Says Quarter of Forests Have Been Cleared in 40 Years

Cambodia has lost almost a quarter of its forests in the past 40 years due to rapid development and China’s demand for timber, according to a new report released yesterday by the World Wildlife Fund (WWF) on the Greater Mekong Region. Looking at five countries in ...

http://www.cambodiadaily.com

New Governor Promises to Solve Land Disputes

Phnom Penh’s new governor used his swearing in ceremony to Friday to boldly vow to solve some of the municipality’s longest-running and most high-emotive land disputes. Pa Socheatvong officially took over on Friday from outgoing governor Kep Chuktema, who served as the city’s chief for 10 ...

http://www.cambodiadaily.com/news/new-governor-promises-to-solve-land-disputes-21897/

NagaWorld strikers fired en masse

Nagaworld casino has fired more than 400 workers who have spent about 10 days striking to demand a wage increase, union leaders, workers and a leaked internal memo have revealed. A list of names, obtained by the Post yesterday, was emailed to management and senior staff ...

http://www.phnompenhpost.com/2013062466447/National/nagaworld-strikers-fired-en-masse.html

Informal lending still thriving

The expanding banking sector and the spread of microfinance institutions (MFIs) in rural areas have failed to elbow informal, unlicensed money lending out of the market, industry experts say. Fast and easy access to money – as well as the fear of “losing face” by borrowing ...

http://www.phnompenhpost.com/2013070266598/Business/informal-lending-still-thriving.html

All quiet in Siem Reap for houses and land

Although Siem Reap is known as the land of smiles, the growth of the culture, civilization and power, the real estate sector in the province for the first six months of 2013 has not increased a great deal. The buying or selling of properties in Siem ...

http://www.phnompenhpost.com/real-estate/all-quiet-siem-reap-houses-and-land

Singapore PM hopeful for Asean

Singapore’s Prime Minister Lee Hsien Loong says much work is still needed to establish the ASEAN Economic Community (AEC), a single market for trade and development in 2015. Lee, head of the most advanced economy in the 10-member Association of Southeast Asian Nations, or ASEAN, ...

Kay Kimsong
http://www.phnompenhpost.com/business/singapore-pm-hopeful-asean

Cambodia's 2012 unemployment rate stands at 2.7 pct: survey

Unemployment rate in Cambodia stood at 2.7 percent in equivalent to 202,300 persons aged 15 or older in 2012, according to the first-ever Cambodia Labor Force Survey Report released on Thursday. Conducted by the National Institute of Statistics and the International Labor Organization (ILO), the survey ...

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131128/cambodias-2012-unemployment-rate-stands-at-27-pct-survey

Int’l trips fuel CNRP machine

As opposition party leaders Sam Rainsy and Kem Sokha returned from separate overseas trips yesterday, the party said it had more than enough cash to finance continuous mass demonstrations, with the bulk of funds coming from Cambodians living abroad. Today’s demonstrations in Phnom Penh and Siem ...

Meas Sokchea and Kevin Ponniah
http://www.phnompenhpost.com/national/int%E2%80%99l-trips-fuel-cnrp-machine

Thousands of Cambodia opposition supporters march for Human Rights Day

Around 10,000 Cambodian opposition supporters took to the streets in the capital on Tuesday morning to celebrate the 65th International Human Rights Day despite a government ban on marching. Sam Rainsy, president of the opposition Cambodian National Rescue Party (CNRP), led thousands of supporters to march ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/10/c_132956314.htm

Russian Boulevard land prices rising

The west end of Street 110, also known as Russian Boulevard, is attracting increasing interest from investors and retailers because of its vital role connecting Phnom Penh International Airport with the city centre. Local real estate experts estimate that land prices along the thoroughfare have risen ...

Post Staff
http://www.phnompenhpost.com/real-estate/russian-boulevard-land-prices-rising

Unicef Says Girls’ Access to Education Limited

Despite progress having been made in recent years to improve girls’ access to education, there is still a gender-based inequality, particularly in rural areas, children’s rights experts said on the International Day of the Girl Child on Friday. “At the moment there is still a slight ...

Denise Hruby
http://www.cambodiadaily.com/news/unicef-says-girls-access-to-education-limited-44937/

SL Garment Protesters Gain Little From Talks at Labor Ministry

A two-day meeting between union leaders, senior government officials and representatives of the SL Gar­ment Factory failed Tuesday to reach a solution for factory workers, who have been on strike since early August and on Monday demonstrated in front of Prime Minister Hun Sen’s Phnom ...

Ben Woods and Khy Sovuthy
http://www.cambodiadaily.com/news/sl-garment-protesters-gain-little-from-talks-at-labor-ministry-45708/

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