Urban administration and development
Hotel Staff Fired for Union Creation, Say Rights Group
Staff of the Angkor Village Hotel and Resort in Siem Reap have begun protested after the owner fired a total of 30 trade union officials and members after the staff joined a union in July. The dispute initially started when the owner of the hotel ...
Khy Sovuthy, P 24
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Bus Company’s Partner Involved in Similar Crash
Kampuchea Angkor Express and Virak Buntham Express Travel, two bus companies that share a fleet of busses and operate services running between Siem Reap, Cambodia and Ho Chi Minh City, Vietnam have both been involved in bus crashes recently. A number of passengers were injured ...
Farmers freed after ‘injustice’
The last of the Chi Kraeng villagers has been freed by the Appeal Court after it upheld their acquittal. The villagers had originally been convicted of forcibly detaining two businessmen over a land dispute involving 475 hectares of rice paddies in Siem Reap in 2009. ...
Investment accounts open
Several securities firms are opening accounts, even as the first listing on the Cambodia Securities Exchange are not expected until later this year, company officials said yesterday. The CSX was launched on July 11 without any listed firms, though state-owned Telecom Cambodia, Phnom Penh Water Supply ...
http://www.phnompenhpost.com/index.php/2011072850678/Business/investment-accounts-open.html
Cambodia’s construction approvals soar
Construction approvals granted by government authorities have increased 93 percent in the first six months of the year, compared to the same period last year, figures show. Some 1,079 potential projects worth US$637.7 million were given the go-ahead in the January to June period, compared with ...
Cables From Bangkok, Phnom Penh Show Varying Analyses
According to diplomatic cables released by WikiLeaks US officials in Bangkok believed that Prime Minister Hun Sen’s decision to name former Thai premier Thaksin Shinawatra as an economic adviser in 2009 backfired after it increased support of the opposition. The Premier at the time of ...
Machinery Imports Soar Through First Six Months
Sihanoukville Autonomous Port has seen an increase of 520 percent in the amount of construction machinery being imported. According to Chea Sambath, director of the port’s planning and statistics department, the increase is as a result of the increased investment in roads, hydropower dams and ...
Police Prove Mass Fainting at Phnom Penh Garment Factory
70 workers at the Hung Wah Cambodia Garment Mfg. factory have fainted bringing the number of mass fainting in factories over the last year to nine. It is a well known phenomenon in Cambodia with three major spells so far this year. “Excessive hours of ...
Cambodian Air Arrivals Eclipse 2007 Numbers
The number of people arriving in Cambodia through the nation’s airports has passed the 2007 number for the same period, providing proof of recovery from the financial crisis. The levels reached 1.8 million passengers for Siem Reap and Phnom Penh international airports. Traffic through Cambodian ...
Valuers to meet in Siem Reap
Real-estate evaluators from the ASEAN Valuers Association (AVA) have met in Siem Reap in order to improve the industry. The AVA wants to develop the Cambodian real-estate market by assisting developers and investors. Those attending the conference share experience and ideals will offering training to ...
Nation’s first sea bridge opens
A bridge crossing the sea between Sihanoukville and the island of Koh Puos in Cambodia has officially been opened by Prime Minister Hun Sen. Koh Pous owned by the Russian company Koh Pous (Cambodia) Investment Group is turning the island into a resort known as ...
http://www.phnompenhpost.com/index.php/2011071350355/Business/nations-first-sea-bridge-opens.htm
Expand Property Law for Foreigners, Premier Says
Prime Minister Hun Sen has called for the current law only allowing Cambodians to own property from the ground floor up to be scrapped. Currently foreigners can only buy apartments from the second floor and above. The purpose of the move is to increase foreign ...
Shipments increase at Sihanoukville Port
Shipments of freight through Sihanoukville Autonomous Port have seen a 14 percent growth in the second quarter of the year. The number of units passing through the port has risen by 8.6 percent compared to the same period last year. The majority of the shipments ...
Minister’s appeal to listed companies
The opening of the Cambodia Securities Exchange (CSX) was marked by a speech from Minister of Finance Keat Chhon, who urged three state-owned companies to speed up their initial public offerings. No companies, state-owned or otherwise are currently trading on the new market. Telecom Cambodia, ...
http://www.phnompenhpost.com/index.php/Business/lets-get-the-ball-rolling.html
Ly Yong Phat Group Plans $200M Satellite City in Phnom Penh
1,300 hectares of land in Phnom Penh and Kandal province have been privatized and conceded to the LYP Group in order for them to be developed into a satellite city. LYP Group is owned by CPP Senator Ly Yong Phat. Prime Minister Hun Sen signed ...
Vietnam's deep-water links spur Phnom Penh Port growth
Vietnam’s Cai Mep port has contributed to a growth in shipments from the Phnom Penh Autonomous Port this year, Cambodian officials say. The Vietnamese deep-water port, near Ho Chi Minh City, allows cargo to be transferred to ships travelling to more distant markets such as ...
Cambodia to Cooperate with Korean Prosecutors
Following a meeting in Seoul yesterday, Cambodian officials have reportedly decided to cooperate with South Korean prosecutors in the investigation of Busan Savings Bank Group, where shareholders are suspected of illegally financing $365 million worth of investments in Cambodia, according to Yonhap News. Busan’s ...