Investment
Investment policy and regulations
Hun Sen attends dinner, presentation in China
Accompanied by his wife, Bun Rany, Prime Minister Hun Sen continued his trip to China on Tuesday evening by attending a dinner reception hosted by Chinese President Xi Jinping, according to state news agency Agence Kampuchea Press. Mr. Hun Sen and his delegation of high-level officials ...
Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-attends-dinner-presentation-in-china-59355/
Rising union leader behind Caltex station closures
In his fight for workers’ rights, Sar Mora has learned to be stubborn. The union leader behind the closure of Caltex gas stations across Phnom Penh, Mr. Mora’s members remained on strike Sunday despite an apparent agreement on Friday for workers to return to their stations. “We ...
Alex Consiglio and Mech Dara
http://www.cambodiadaily.com/news/rising-union-leader-behind-caltex-station-closures-58995/
Oz an example for mining reform
Inspired by Australian mining regulations, the Cambodian government is considering a raft of changes to the mineral resources mining law, including a rethink of the sector’s comparatively high tax rate. Citing discussions held with Western Australia state mining industry representatives last week, Meng Saktheara, secretary of ...
Eddie Morton
http://www.phnompenhpost.com/business/oz-example-mining-reform
Aus called out on railway
Rights groups are calling out the Australian government for being “curiously absent” from discussions about further compensation for thousands of families affected by a railway rehabilitation project that it co-funded with the Asian Development Bank. The bank has borne the brunt of criticism over botched resettlement ...
Kevin Ponniah
http://www.phnompenhpost.com/national/aus-called-out-railway
17 families reject payout from minister’s wife
A special committee set up in March to settle a long-running land dispute between 52 families in Kompong Chhnang province and the wife of Mines and Energy Minister Suy Sem has finished its work, leaving 17 families without a deal. Deputy provincial governor Dork Sothea, who ...
Kuch Naren
http://www.cambodiadaily.com/news/17-families-reject-payout-from-ministers-wife-58741/
As free man, Polonsky plans tourism mecca
Sergei Polonsky, a Russian fugitive and former billionaire real estate magnate who was recently released from prison in Cambodia, has grand plans for a string of islands off the coast of Sihanoukville. Less than a month after the Supreme Court refused to extradite him to Russia ...
Joshua Wilwohl
http://www.cambodiadaily.com/news/as-free-man-polonsky-plans-tourism-mecca-58726/
Caltex loosing hundreds of thousands of dollars, striking workers say
Chevron’s Caltex gas stations are potentially losing hundreds of thousands of dollars per day in Cambodia, striking employees say. Workers say Caltex, a subsidiary of US-based multinational Chevron, sells between 5,000 to 10,000 liters per station per day, putting its losses between $350,000 to $700,000 ...
Khoun Theara,
http://www.voacambodia.com/content/caltex-loosing-hundreds-of-thousands-of-dollars-striking-workers-say/1914429.html
Strike by Cambodian Caltex staff enters 3rd day after wage talks fail
Cambodian workers for the U.S.- owned Caltex petrol stations in Phnom Penh continued their strike for higher wages Wednesday after wage negotiations late Tuesday failed to reach any agreement. Strike leader Sar Mora, president of the Cambodian Food and Service Workers Federation, said some 300 Caltex ...
Xinhuanet News
http://news.xinhuanet.com/english/world/2014-05/14/c_133332966.htm
Sexual abuse among claims against HAGL
Sexual assault and the annihilation of sacred graveyards are among the many claims levelled at Vietnamese Rubber giant Hoang Anh Gia Lai (HAGL) by villagers in Ratanakkiri province, a report by the World Bank’s investment arm reveals. In February, 17 indigenous communities that accused HAGL of ...
Daniel de Carteret
http://www.phnompenhpost.com/national/sexual-abuse-among-claims-against-hagl
After strong start, city bus’ future unclear
After a monthlong test run saw 10 buses often filled with passengers, a Chinese-owned company promised in early March to inject millions into the project and add hundreds of new buses. But Global Trade Development left the project last month after the municipality refused to grant ...
Hul Reaksmey and Simon Henderson
http://www.cambodiadaily.com/news/after-strong-start-city-bus-future-unclear-58640/
Court temporarily halts lease transfer for victory beach
Russian businessmen Nikolai Doroshenko and Sergei Polonsky are locked in a legal dispute over Sihanoukville’s Victory Beach following Mr. Polonsky’s release from prison last month, according to copies of court documents obtained Monday. The Preah Sihanouk provincial court has temporarily prevented Mr. Doroshenko from transferring the ...
Joshua Wilwohl
http://www.cambodiadaily.com/news/court-temporarily-halts-lease-transfer-for-victory-beach-58598/
Cambodian rights worker faces death threats over land dispute
A worker with the Cambodian Center for Human Rights (CCHR) has been intimidated and received death threats while trying to document the plight of three families involved in a bitter land dispute with a developer in the country’s capital, according to the center. The worker, Vann ...
Radio Free Asia Staff
http://www.rfa.org/english/news/cambodia/threats-05122014162650.html
Villagers in Svay Rieng angry over planned canal
More than 200 villagers from three communes in Svay Rieng province on Saturday protested against a proposal to build a huge irrigation canal through their land, a local official said Sunday. The planned canal would stretch across Kraol Kor, Svay Yea and Chhoeuteal communes in Svay ...
Aun Pheap
http://www.cambodiadaily.com/news/villagers-in-svay-rieng-angry-over-planned-canal-58480/
Kratie families march in Phnom Penh to protest evictions
Nearly 200 villagers from Kratie province gathered in Phnom Penh Monday, hoping to deliver a petition to the Cambodian Senate and other government agencies in protest of a rubber company’s development there. The villagers, from Snoul district, say a Vietnamese rubber company began developing in ...
Suy Heimkhemra,
http://www.voacambodia.com/content/kratie-families-march-in-phnom-penh-to-protest-evictions/1912760.html
Groups want US help in improving transparency in extractive industries
Anti-corruption advocates say they want the US government to help them push for transparency in the extractive industries, as ongoing mining continues to disrupt the lives of many Cambodians. At least 120 companies, most of them Chinese, have obtained mining licenses in the last decade, as ...
Economic expansion of Cambodia; an opportunity for Thai entrepreneurs
The retail marketing business in Cambodia has been growing at approximately 8% a year for the last 10 years and is expected to increase by 7.5% a year from 2014-2018. This economic expansion and greater purchasing power of Cambodians, is seen as presenting great opportunities ...
National News Bureau of Thailand
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNRPT5705080010001
Parkson to build malls and lease out space
Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover. The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall ...
Jagdev Singh Sidhu
http://www.thestar.com.my/Business/Business-News/2014/05/07/Parkson-to-build-malls-and-lease-out-space/
Rubber company suspends projects as World Bank investigates
A World Bank-supported rubber company accused of land grabs has suspended some of its projects, as an investigation by the bank continues. The Hoang Anh Gia Lai company, which received support from the bank’s International Finance Corporation, said in a decision following an April 2 ...
Sok Khemara
http://www.voacambodia.com/content/rubber-company-suspends-projects-as-world-bank-investigates/1908775.html
Villagers’ crops destroyed over land dispute
Representatives of a community locked in a land dispute with a Vietnamese company in Kratie province returned home from Phnom Penh late Tuesday after failing to garner support from Prime Minister Hun Sen, while an official at the company said it had begun destroying villagers’ ...
Aun Pheap
http://www.cambodiadaily.com/news/villagers-crops-destroyed-over-land-dispute-58183/
Momentum building for GTI
The next stage of Grand Twins International’s (GTI) listing on the Cambodia Stock Exchange – public subscriptions – has had a positive response, according to the head of one of the country’s brokerage firms. Svay Hay, CEO of Acleda Securities, a registered broker for GTI, said ...
Eddie Morton
http://www.phnompenhpost.com/business/momentum-building-gti
Vietnamese funding curbs will not delay hospital development
Despite Vietnamese state-owned companies withdrawing funding from projects outside of their core business, the $20 million expansion of the Vietnamese-backed Cho Ray Phnom Penh Hospital remains on track, the hospital’s head said yesterday. In July 2012 the Vietnamese government requested that state-owned enterprises withdraw investment in ...
Daniel de Carteret
http://www.phnompenhpost.com/business/vietnamese-funding-curbs-will-not-delay-hospital-development
Families petition City Hall over wall built in road
More than 170 families in Phnom Penh’s Meanchey district submitted a petition to City Hall on Monday complaining about wealthy businessman Khun Sear’s decision to build a wall in the middle of a road in their neighborhood. The road in Chak Angre Leu commune is under ...
Ben Sokhean
http://www.cambodiadaily.com/news/families-petition-city-hall-over-wall-built-in-road-58176/
Giant development in Cambodia hinges on Chinese buyers
There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...
Chris Horton
http://www.property-report.com/cambodias-mega-development-lures-chinese-investors-34672
Giant Development in Cambodia Hinges on Chinese Buyers
There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...
Chris Horton
http://www.nytimes.com/2014/05/07/realestate/commercial/giant-development-in-cambodia-hinges-on-chinese-buyers.html?_r=1