Energy
Tuk-tuks to be solar-powered
Australian green energy company Star 8 has designed a solar-powered tuk-tuk and is in the process of building a factory in Cambodia to make the vehicles, according to a report in Australian newspaper The Age. The vehicles’ makers said the tuk-tuks will cost between A$2,000 (US$1,865) ...
Daniel de Carteret
http://www.phnompenhpost.com/business/tuk-tuks-be-solar-powered
Protest gets injection of energy
What had been a relatively subdued gathering at Freedom Park yesterday became a jubilant celebration as opposition leaders Sam Rainsy and Kem Sokha delivered the news of fruitful discussions with the government to party faithful. Despite much-diminished crowds – and the sobering events of Sunday night ...
Stuart White and Meas Sokchea
http://www.phnompenhpost.com/national/protest-gets-injection-energy
Singapore Invests in New Cambodian Bank
An investment company owned by the Singaporean government is a minority partner in a fully licensed commercial bank set to open later this month in cooperation with Canadia Bank PLC and the country’s postal service, a source familiar with the deal confirmed Tuesday. Fullerton Financial Holdings, ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/singapore-invests-in-new-cambodian-bank-42137/
Rice plots blocked at dam site
In a first step toward clearing villagers from land intended for a planned Koh Kong provincial hydroelectric dam, a Chinese development firm has blocked a road leading to plots where villagers have continued to harvest rice. Officials from Tianjin Union Development Group, which was awarded a ...
Sen David
http://www.phnompenhpost.com/national/rice-plots-blocked-dam-site
Forest Cleared for Stung Treng Dam Construction
Logging has officially begun in Stung Treng province in preparation for the construction of a massive hydropower dam, but local authorities and villagers said Wednesday that the clearing of forest is going unchecked outside the official dam concession area. The Lower Sesan 2 dam was approved ...
Kuch Naren and Dene-Hern Chen
http://www.cambodiadaily.com/news/forest-cleared-for-stung-treng-dam-construction-41693/
Planned Mekong dams need environmental assessment
The Cambodian government’s plan to build 20 dams along the Mekong River, with a view to boosting energy security, could harm food security and biodiversity in the region, as well as ignite a regional conflict over sharing of the river’s water, a conference has heard. ...
SciDev.Net News Staff
http://www.scidev.net/asia-pacific/water/news/planned-mekong-dams-need-environmental-assessment.html
Drop-off in beverage imports questioned
Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...
Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned
Businessmen Charged Over Mining Deal Fraud
The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an unknown complainant said ...
Eang Mengleng and Simon Lewis
http://www.cambodiadaily.com/news/businessmen-charged-over-mining-deal-fraud-41261/
UK to Request Extradition of Biofuel Company’s Chairman
The U.K.’s fraud office plans to request the extradition of a British national currently detained in Cambodia, after it brought charges against four people for their part in a $36 million Ponzi scheme involving a biofuel plantation. Gregg Fryett was arrested in Phnom Penh in March ...
Simon Lewis
http://www.cambodiadaily.com/news/uk-to-request-extradition-of-biofuel-companys-chairman-40796/
UK to Request Extradition of Biofuel Company’s Chairman
The U.K.’s fraud office plans to request the extradition of a British national currently detained in Cambodia, after it brought charges against four people for their part in a $36 million Ponzi scheme involving a biofuel plantation. Gregg Fryett was arrested in Phnom Penh in March ...
Simon Lewis
http://www.cambodiadaily.com/news/uk-to-request-extradition-of-biofuel-companys-chairman-40796/
Blending may fuel energy sector
A container storage facility off the coast of Preah Sihanouk province that allows Cambodia to blend oil before export could hold the key to sustainable growth in the country’s nascent energy sector, according to a Danish oil and gas expert. With Chevron positioned to lead offshore ...
Daniel de Carteret
http://www.phnompenhpost.com/business/blending-may-fuel-energy-sector
Cambodia's oil imports down 5.6 pct in first half of 2013
Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm
Cambodian needs effective policy measures for power sector: report
Cambodia requires effective policy measures to accelerate its development plans for the power sector, according to the summary of a market research report distributed Saturday. UK-based PR Carbon said the report noted that Cambodia’s power sector comprise targets for developing a national power grid to distribute ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTNkZjkxMjU2OTc
Ratch pulls out of JV for Cambodia power plant
Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. Pongdith Potchana, chief executive of Ratch, said yesterday that the company had revised the plan after its analysis indicated that ...
Cambodia to return to former glory
Kuala Lumpur (The star /ANN) — A country once torn apart by war is emerging as a key investment destination for small and medium enterprises. It was once home to a great civilization. In the 12th century, the Khmer empire was South-East Asia’s largest. Angkor was ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDRhOTI5NzA0Y2E
Singaporean Startup to Install Streetlamps in Rural Villages
A Singaporean startup is planning to install streetlamps in three villages in Kompong Chhnang province later this year in an effort to enhance safety for people making their way home at night. Fosera Lighting is raising money through an online campaign to construct 75 solar-powered streetlights ...
Garment Sector Stable Despite Workers Leaving Jobs
The Garment Manufacturers Association in Cambodia (GMAC) yesterday said a recent exodus of workers from factories in Phnom Penh to the provinces over concerns related to a recent military build up in the capital would not threaten stability in the sector. Ken Loo, secretary-general of GMAC, ...
Striking Power Plant Trainees Get Wage Raise
More than 170 trainees at a Chinese-backed power plant under construction in Preah Sihanouk province ended a five-day protest on Monday after securing higher wages from their employer, according to a union representative and provincial official. Khmer Workers Power Federation Union president Chey Sovann, who negotiated ...
http://www.cambodiadaily.com/news/striking-power-plant-trainees-get-wage-raise-39520/
Villagers Concerned Over Impact of Gold Mine
More than 700 families living in Stung Treng province’s Siem Pang district have appealed to local authorities, demanding that they intervene to stop a Chinese company mining gold near their homes. Sin Dan, chief of Thma Keo commune, said he had delivered the petition to both ...
Bulldozers will not move us, families insist
More than 100 families living in Koh Kong’s Kiri Sakor and Botum Sakor districts are on the clock, with an official government decree demanding they vacate their land in less than two months or face the bulldozers of the Chinese firm slated to build a ...
http://www.phnompenhpost.com/national/bulldozers-will-not-move-us-families-insist
Villagers protest hike in electricity expense
More than 60 villagers from Kampong Cham province’s Stung Trang district staged a protest on Monday at Arak Tnort commune hall, demanding answers for a massive price hike that has accompanied the installation of electricity meters ahead of a planned switchover to state-provided power. Private company ...
http://www.phnompenhpost.com/national/villagers-protest-hike-electricity-expense
Mekong residents voice their concerns
Residents living in the Mekong River basin are expressing concerns over water degradation in the Mekong river and its impact on farming, aquaculture and the livelihood of the millions of people who live in the region. People from Cambodia, Thailand and Viet Nam’s Cuu Long (Mekong) ...
http://vietnamnews.vn/society/242941/mekong-residents-voice-their-concerns.html
Cambodia’s bourse sees record low volume
In the frenzied run-up to the national election Sunday, Phnom Penh has been the site of concerts, rallies and streets packed with campaigners. But the energy hasn’t spread to the halls of the Cambodia Securities Exchange. At the close of trading Tuesday, five business days had ...
May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-bourse-sees-record-low-volume
Climate Change Will Adversely Affect Economy
Cambodia’s manufacturing and tourism sectors will face adverse effects from climate change due to the country’s focus on hydropower, according to a report produced jointly by British and Cambodian think tanks. ...
http://www.cambodiadaily.com/business/climate-change-will%E2%80%88adversely-affect-economy-36624/