News

Rare hardwood sparks gunfights, corruption in Asia

KOH KONG, CAMBODIA — A Thai force dubbed the “Rambo Army” couldn’t stop the gangs, armed with battlefield weaponry, as they scoured the forests. Neither could a brave activist, gunned down when he came to investigate. Nor, apparently, can governments across Southeast Asia. The root of the ...

http://www.bradenton.com/2012/11/24/4291081/rare-hardwood-sparks-gunfights.html

Cambodia plans 3.1 bln USD for national expenses next year: minister

Cambodia planned to allocate 3. 1 billion U.S. dollars, in equivalent to 19.8 percent of the country’s GDP, for national expenses in 2013, a 12.9 percent rise year-on-year, finance minister Keat Chhon said Friday. Speaking to reporters after a meeting at the National Assembly, the minister ...

http://Editor: Fang Yang

Beeline Sees Decline in Subscribers

The number of customers subscribing to the mobile operator Beeline has dropped by more than 100,000 in the last quarter, and its average revenue per user has sunk to its lowest in more than a year, the company announced in its third-quarter financial report. ...

http://www.cambodiadaily.com

Asean declaration allows Cambodia to flout human rights, warn campaigners

Human rights groups in Cambodia fear a new south-east Asian declaration of human rights could conversely offer the government in Phnom Penh a figleaf to clamp down on dissent. Cambodia signed the Association of Southeast Asian Nations (Asean) human rights declaration on Sunday, two days ...

http://www.guardian.co.uk/global-development/2012/nov/23/asean-declaration-cambodia-flout-human-rights

Millions Threatened by Dam in Stung Treng

More studies should be conducted on the controversial Lower Sesan 2 dam in Stung Treng province in order to understand its potential social and environmental effects, Conservation International (C.I.) said in a statement. The Lower Sesan 2-as well as other dams planned for the Sesan, Srepok ...

http://www.cambodiadaily.com

U.K.’s Prudential Set to Gain Cambodia License in First Quarter

Prudential Plc, the U.K.’s biggest insurer by market value, plans to begin selling insurance in Cambodia in the first quarter of next year to extend its presence in Asia across 13 markets. The firm is hiring sales agents and expects to gain a license to operate ...

http://www.arkansasonline.com/news/2012/nov/22/uks-prudential-set-gain-cambodia-license-first-qua/?f=latest

Draft Accord on Domestic Workers Completed

Government and U.N. officials yesterday completed the draft of a new memorandum of understanding (MoU) that is designed to guarantee the fair treatment and safety of Cambodian domestic workers in Malaysia. The new draft MoU is an amendment to an earlier, much-criticized version create by Malaysia, ...

http://www.cambodiadaily.com

We Will Not Be Moved

They’re known as the BK13 and they’re not prepared to let greedy developers take the very, very little they have. They’re 13 women – mothers, grandmothers – who live around what used to be Boeung Kak Lake – not far from the centre of Cambodia’s ...

http://www.abc.net.au/foreign/content/2012/s3638845.htm

CPI: cost of living falls slightly

The Kingdom’s consumer price index declined by 0.1 per cent in October for the first time in 2012 due to a decline in food and gasoline prices and a stable US dollar exchange rate, according to official data released by the National Institute of Statistics ...

http://www.phnompenhpost.com/index.php/2012112359895/Business/cpi-cost-of-living-falls-slightly.html

PM Hun Sen lavishes praise on China

In his first public speech following this week’s ASEAN summit, Prime Minister Hun Sen offered lavish praise for China’s financial largesse and congratulations for its newly appointed Communist Party heads. Speaking to thousands of villagers during a ceremony to inaugurate National Road 8 in Prey ...

http://www.phnompenhpost.com/index.php/2012112359905/National-news/pm-hun-sen-lavishes-praise-on-china.html

Union Seeks Tax Reduction for Garment Workers

Factory workers should get a reduction or exemption from paying income tax as the deductions are forcing them into poverty, the Free Trade Union (FTU) wrote in a letter to Finance Minister Keat Chon. ...

http://www.cambodiadaily.com

SCB focus on Myanmar, Laos, Cambodia

Siam Commercial Bank will begin expanding its footprint across the region in anticipation of greater business opportunities and competitive pressures with the launch of the Asean Economic Community in 2016. SCB, Thailand’s third-largest bank in terms of assets, operates branches in Laos, Singapore and Hong ...

http://www.bangkokpost.com/business/economics/322667/scb-focus-on-myanmar-laos-cambodia

Microfinance institution Sathapana increases maximum loan limit

Microfinance institution Sathapana has increased its maximum loan size to US$200,000, a 300 per cent increase from the previous level of $50,000. The upgrade in loan size is a result of Cambodia’s good economic climate and the expectation that there will be demand among customers for ...

http://www.phnompenhpost.com/index.php/2012112359894/Business/microfinance-institution-sathapana-increases-maximum-loan-limit.html

Oddor Meanchey forestry police let rosewood shipment go

Forestry police let a vehicle with a half cubic meter of rosewood go Wednesday after border soldiers stopped it in Ou Svay commune in Tropang Prosat district. The vehicle belonged to Rath Sambo, a police officer at the Ministry of Interior who fled the scene, sources ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MGM0N2I5MGY4ZDdhMmRiOTQ0MmYyZWMzNzkxOWVh

Cambodia inaugurates China-funded road in eastern part

Cambodia on Thursday inaugurated a 133-km China-funded national road No. 8 in Prey Veng province, hoping that the road will contribute to promoting social and economic development in the country’s eastern part. The road, which connects from Prek Tamak Mekong River Bridge to Vietnam border, cost ...

http://Editor: Tang Danlu

Joint visa for Thailand and Cambodia in limbo

Despite the fact that the Chairman’s Statement of the recently wrapped 21st ASEAN Summit welcomed progress on regional “connectivity”, a long-awaited joint visa for Thailand and Cambodia remains stalled. Koy Kuong, spokesman at the Ministry of Foreign Affairs said yesterday that there is still no progress ...

http://www.phnompenhpost.com/index.php/2012112259881/National-news/joint-visa-for-thailand-and-cambodia-in-limbo.html

Air France ceases direct Cambodia services

It was a major event for Cambodia. Some 35 years after flying for the last time with a Boeing 707 from Phnom Penh to Paris, French national carrier Air France-KLM was back to the Cambodian capital. The flight was first operated with an Airbus A340-300, ...

http://www.traveldailynews.asia/news/article/50995/air-france-ceases-direct-cambodia

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