News
Finance Minister Lauds Boeng Kak's Tax Bill
The Finance Ministry has sent a letter to well-known businesswoman Choeung Sopheap thanking her for paying her taxes on the highly controversial filling in of Phnom Penh’s Boeng Kak lake, and holding her firm up as an example of corporate professionalism. Though Shukaku Inc., which is ...
http://www.cambodiadaily.com/news/finance-minister-lauds-boeng-kaks-tax-bill-11863/
Oil prices hit all-time high in Cambodia
Oil prices in Cambodia hit the highest of all time on Friday, with a liter of premium gasoline going for 1.45 U.S. dollars at all petrol stations in the capital. The price is the highest ever if compared with the peak price of 1.41 U.S. dollars ...
http://news.xinhuanet.com/english/business/2013-02/15/c_132169890.htm
After 6 Years, No Solution in Minority's Land Case
Ethnic minority Jarai families in Ratanakkiri province locked in a land dispute with Keat Kolney, the sister of Finance Minister Keat Chhon, yesterday marked the sixth anniversary of inaction in the court compliant they filed accusing Ms. Kolney’s firm of taking 450 hectares of their ...
Cambodia's inflation increases by 1.6 pct in November
Cambodia’s inflation rate had increased by 1.6 percent in November 2012 if compared with November 2011 due to moderate increases in food and petroleum prices, according to the latest statistics of the National Institute of Statistics (NIS) on Tuesday. The statistics said the total consumer price ...
http://news.xinhuanet.com/english/business/2013-01/01/c_132075617.htm
Yearender: Hosting ASEAN Summit tops major achievements of Cambodia in 2012
The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom ...
http://news.xinhuanet.com/english/indepth/2013-01/01/c_132075147.htm
Government Defends Chinese Dams
Following a dam breach in Pursat province, ruling CPP lawmakers yesterday defended the government’s primary plan to tackle its energy crisis by contracting Chinese companies to build hydropower dams on the country’s rivers. A section of concrete tunnel at the Stung Atai dam in Pursat province ...
China offers Cambodia $53 mln to develop water resources
Chinese Premier Wen Jiabao pledged RMB 329 million ($53 million) in assistance to Cambodia on Sunday during a meeting with Prime Minister Hun Sen, a Cambodian official said. Ieng Sophalet, an assistant to Hun Sen, told reporters that the grant would be used for water resource ...
Despite Hun Sen's appeal, MFIs stay the course
A meeting between microfinance organizations and the finance minister yesterday resulted in no agreements or special measures for debtors affected by last year’s floods, a microfinance representative said, adding that the sector had done enough already to address concerns over debt among flooded communities. On ...
Water Authority Stock Launch May Be Delayed
It is unclear if the Phnom Penh Water Supply Authority will be ready to launch its initial public offering on Nov 11 as planned, the managing director of Tong Yang Securities, the firm preparing the IPO, said yesterday. “Everyone in this IPO are working very ...
Donor Forum Put on Hold by Goverment
The government has postponed a top-level meeting with its foreign donors scheduled for November, a move that comes just over a week after a displeased World Bank revealed its decision to freeze all future loans to Cambodia. In an Aug 17 letter to World Bank ...
