Criminal gang targeting ATMs in Cambodia

A group of highly organized criminals have been installing devices into ATMs around Cambodia capable of copying card details and stealing thousands of dollars of cash from customer bank accounts. Canadia Bank and ANZ are among the banks that have been targeted by the gang, who ...

Sihanoukville Port uncompetitive ahead of listing

Just months before Sihanoukville Autonomous Port is supposed to list on the Cambodia Securities Exchange, officials said yesterday that the state-owned enterprise is still more expensive and slower at processing goods than other ports in the region. An investor said that the problems confronting the port ...

Insurers hit with few flood claims

The number of flood-related insurance claims has been fewer than expected despite the Kingdom’s worst flooding in a decade, industry insiders say. Although the floods, which began in late August, had affected large sections of the country, few claims had been made, Infinity Insurance chief executive ...

http://www.phnompenhpost.com

Ministry suspends verdict

The Ministry of Justice has ordered authorities in Preah Sihanouk province to suspend enforcement of a Supreme Court verdict issued in connection with a land dispute between 70 families and an official from the Sihanoukville Autonomous Port. On October 28, the Supreme Court granted a land ...

http://www.phnompenhpost.com

Three special economic zones gaining steam

Five years after the government established the country’s special economic zones (SEZs), the Phnom Penh SEZ, Sihanoukville II SEZ, and Manhattan SEZ in Svay Rieng province are at last starting to attract more business. According to data from the Council for the Development of Cambodia (CDC), ...

Dene-Hern Chen, p.25

Private firms plan CSX IPOs

A logistics firm and two garment manufacturers planned to list on the Cambodia Securities Exchange during the second half of 2012, underwriter Phnom Penh Securities said yesterday. The companies are the first known private businesses to confirm their intentions of listing on the Kingdom’s still-dormant bourse. Manufacturing ...

http://www.phnompenhpost.com/index.php/2011110352509/Business/private-firms-plan-csx-ipos.html

New flights to Myanmar after delay

Myanmar Airways International (MAI) is slated for a November 2 launch of bi-weekly flights between Phnom Penh and Myanmar’s economic hub and former capital, Yangon, Cambodian Aviation officials said yesterday. The flights – on 162-seat A320 jets – will transfer in Siem Reap before continuing on ...

New carriers to service Kingdom

Two new Asian airlines will begin regular flights to Cambodia this winter in an airlines sector increasingly dominated by regional passengers, a Cambodia Airports official said on Friday. Tiger Airways, a Singapore-based airline, will operate daily A320 flights between Singapore and Phnom Penh and Singapore and ...

http://www.phnompenhpost.com/

Villagers block national road

Nearly 100 residents from about 50 families in Sihanoukville town’s commune 1 blocked National Road 4 yesterday to protest against a Supreme Court verdict ordering their eviction on Friday in favour of a local official   ...

http://www.phnompenhpost.com/

Union lands court KO

In a landmark ruling, the Siem Reap Municipal Court yesterday ordered a luxury hotel to reinstate 67 sacked workers – a legally binding decision that unionists have hailed as a great moment for the judicial system. The decision comes after more than two months of protests, ...

http://www.phnompenhpost.com/index.php/2011102752392/National-news/union-lands-court-ko.html

Property prices remain flat in Phnom Penh

Despite signs that demand is starting to come back to the real estate sector, an oversupply in the market has kept prices for commercial and residential properties in Phnom Penh flat over the past 12 months, according to data from Bonna Realty Group. Prices for commercial ...

Cambodia Security Exchange to begin trading early next year

Cambodian Deputy Prime Minister and Minister of Economy and Finance H.E Keat Chhon said Cambodia Security Exchange (CSX) will begin trading from January 2012. Inaugurated in July, the CSX would be put on hold until next year because some rules and regulations have been being discussed ...

http://thesoutheastasiaweekly.com/

Phnom Penh orders rice sell-off to fight price gouges

City Hall coordinated the release of 120 tons of rice in cooperation with the state-run Rural Development Bank yesterday to keep prices in the city stable amid reports that vendors were using the current floods to gouge customers. Last week, Prime Minister Hun Sen said the ...

Cargo growth for Phnom Penh Port reaches 30% in September of 2011

“Cargo transferred to and from the Phnom Penh Autonomous Port (PPAP) is at 121,654.116 tones in September of 2011, increasing 30 percent if comparing to September 2010 with 92,648.796 tones,” according to the report from the PPAP obtained by SEAW on October 3rd. This September report ...

http://thesoutheastasiaweekly.com/

Angkor Air to start flights to Sihanoukville in December

The national carrier Angkor Air will launch a regular flight service on December 14 between Siem Reap and Sihanoukville, said Quang Dinh, assistant to the CEO of Cambodia Angkor Air, yesterday This will be the first time that Sihanoukville, the nation’s main coastal destination, will receive ...

Rare giant ibis loses habitat

The latest in a series of land concessions granted in protected forests has cut nearly 10,000 hectares from Cambodia’s largest wildlife sanctuary – home to the Kingdom’s critically endangered national bird, the Giant Ibis. A September 7 sub-decree, released on Monday evening, reclassified 9,237 hectares of ...

http://www.phnompenhpost.com/index.php/2011101252091/National-news/rare-giant-ibis-loses-habitat.html

Hotel dispute headed for Siem Reap court

UNION officials fired another volley in their battle against a hotel yesterday by announcing that they would file a complaint today with a Siem Reap court, as their protests continued to draw unwanted attention to the tourist town. The Cambodian Tourism and Service Workers Federation complaint ...

http://www.phnompenhpost.com/index.php/2011101152039/National-news/hotel-dispute-headed-for-siem-reap-court.html

Officials ask for more info ahead of drilling

Environment Minister Mok Mareth yesterday asked China National Offshore Oil Corporation (CNOOC) to provide more details on the environmental impact of its project, though he said that exploration for oil and gas would likely begin later this month. At a meeting at the Ministry of Environment, ...

Luxury hotel ‘breaking law’

The Angkor Village Hotel and Resort is breaking the law by refusing to reinstate 67 sacked workers that the Arbitration Council ruled were unlawfully dismissed, Siem Reap’s deputy governor claimed yesterday. After attending a protest of hotel workers and supporters outside the hotel in Siem Reap ...

http://www.phnompenhpost.com/index.php/2011100651991/National-news/luxury-hotel-breaking-law.html

Phnom Penh Port shipments increase

Freight shipments through Phnom Penh Autonomous Port saw year-on-year growth of 30 per cent in the first nine months of the year, according to official PPAP figures. The total number of twenty-foot equivalent units that passed through the port hit 60,810 between January and August, up from ...

http://www.phnompenhpost.com/index.php/2011100551946/Business/phnom-penh-port-shipments-increase.html

Advocates voice concerns ahead of ecotourism conference

As the Tourism Ministry prepares to host the World Ecotourism Conference in Sihanoukville on Monday, ecotourism operators in three provinces said they were worried that the government’s development practices would undermine the very concept the conference is promoting. According to Tith Chanda, director general of the ...

Port sees revenue increase this year

Sihanoukville Autonomous Port revenues increased more than 16 percent year-on-year in the first eight months of 2011, according to port officials. Cambodia’s largest port generated US$21 million in revenues between January and August, up from $18 million in the same period last year, SAP Director General ...

http://www.phnompenhpost.com/index.php/2011092351816/Business/port-sees-revenues-increase-this-year.html

Luxury cruises take to the Tonle Sap, Mekong

Gliding through the water almost soundlessly, the MS AmaLotus docked for only its second time in Phnom Penh last week At 92 meters in length and capable of holding 124 passengers, the AmaLotus is the latest cruise ship to start transporting tourists between Siem Reap and ...

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