News

Luxury wood seized from Kratie military base

Authorities in Kratie province on Saturday night discovered nearly 90 pieces of luxury-grade wood stockpiled just outside the Royal Cambodian Armed Forces (RCAF) headquarters in Chhlong district, where they believe the timber was being staged for transport to Tbong Khmum province to the south, officials ...

Aun Pheap
http://www.cambodiadaily.com/news/luxury-wood-seized-from-kratie-military-base-69355/

Neuroscience center opens at hospital

Cambodia launched its first full-scale public neuroscience centre at Calmette Hospital in the capital yesterday. The $10.8 million, 90-bed Centre De Neurosciences – complete with a neurosurgical ward and research unit – will seek to treat patients regardless of their ability to pay. ...

Taing Vida
http://www.phnompenhpost.com/national/neuroscience-centre-opens

Cambodian officials, CEOs discuss country's economic future

Around 300 Cambodian government officials, business leaders, economists and researchers met in an international investment conference here on Monday to exchange views on the prospect of Cambodia’s economic development. ...

Xinuanet News Staff
http://news.xinhuanet.com/english/business/2014-10/06/c_133695677.htm

Cambodia's economic growth forecast to reach 7.2% in 2014, 7.5% next year – World Bank

Cambodia’s economic growth is forecasted to reach 7.2 percent in 2014, and 7.5 percent next year according to a report by World Bank on Monday. The report said Cambodia’s garments continue to be the key engine of growth, followed by construction. The poverty rate continued to ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/cambodias-economic-forecasted-to-reach-72-pct-in-2014-75-pct-next-year:-world-bank-7444

NagaCorp reassures investors over Cambodia licence

Cambodian casino operator NagaCorp Ltd has taken the step of reassuring investors about its casino licence rights in the country. It stated that the deal includes an exclusive right to operate a casino (NagaWorld, pictured) in the capital Phnom Penh, and the area within a ...

GGRAsia News Staff
http://www.ggrasia.com/nagacorp-reassures-investors-over-cambodia-licence/

Workers storm factory, attack managers

Thousands of unionists protesting their dismissal clashed with managers at a footwear factory in Kompong Cham province Monday morning, leaving at least two Taiwanese supervisors with head injuries. About 2,000 workers—who were fired from the Juhui footwear factory in Choeung Prey district last month over demonstrations ...

Ben Sokhean
http://www.cambodiadaily.com/news/workers-storm-factory-attack-managers-69209/

Wage decision delayed

Minister of Labour Ith Sam Heng yesterday postponed his ministry’s Labour Advisory Committee’s decision on Cambodia’s garment sector minimum wage from Friday until next month, leaving some optimistic and others dubious. In the original schedule, the minimum wage for 2015 was slated to be set in ...

Sean Teehan and Sen David
http://www.phnompenhpost.com/national/wage-decision-delayed

MP vows again to settle land disputes

A ruling party politician has pledged to not only resolve a raft of land disputes, but push a policy of “on-site development” – redevelopment that does not remove people from their communities – over mass relocations. Speaking to a crowd of about 1,000 outside the National ...

May Titthara and Sean Teehan
http://www.phnompenhpost.com/national/mp-vows-again-settle-land-disputes

Cambodia slams 2 border killings

Cambodia’s foreign ministry Monday condemned Thailand’s military for two shooting that it claimed left two Khmer nationals dead and one injured since Sept 28. ...

Bangkok Post News Staff
http://www.bangkokpost.com/news/security/436220/cambodia-slams-2-border-killings

Villagers in the dark over dam relocation

Communities living close to the Lower Sesan II dam site in Stung Treng province have called on the government to publicly disclose what compensation they will receive. Logging continues as the area is cleared ahead of construction, but those who will be forced to leave their ...

Chhay Channyda
http://www.phnompenhpost.com/post-weekend/villagers-dark-over-dam-relocation

Outstanding credit could reach $30B by 2020

The total amount of loans in Cambodia’s banking sector could rise to $30 billion by 2020, according to a report released today by Mekong Strategic Partners, a new investment and advisory fund. Amid such growth, banks will be challenged to drastically expand their operations and will ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/outstanding-credit-could-reach-30b-by-2020-69127/

Preah Vihear villagers reject offer

The provincial government in Preah Vihear is pushing ahead with a compensation and housing scheme for villagers whose existing homes are in the way of a cultural preservation area near the province’s famous 11th-century temple. But the villagers are reluctant to accept the package, saying the ...

Sen David
http://www.phnompenhpost.com/national/preah-vihear-villagers-reject-offer

Dam promises are ‘a facade’

With regional consultations on Laos’s Don Sahong dam expected to commence soon, the developers are violating pledges to postpone construction, which is being undertaken by a Chinese company associated with several controversial hydropower projects, the Post has learned ...

Daniel Pye and Laignee Barron
http://www.phnompenhpost.com/national/dam-promises-are-%E2%80%98-facade%E2%80%99

Cambodia holds fair to promote local fruits, vegetables

The fifth edition of the Cambodian fruits and vegetables show kicked off here on Friday, aiming to promoting local products and reducing imports of foreign fruits and vegetables, officials said. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-10/03/c_133690684.htm

Judicial system is an obstacle to eliminate corruption

Weakness of the court system is a major obstacle in the fight against corruption which hampers the country’s development, a corruption expert said today. Chairman of Transparency International-Cambodia, Mr. Preap Kol said that because of the poor court system, it hard to get rid of corruption. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/judicial-system-is-an-obstacle-to-eliminate-corruption-7419

Police chief accused in $678k corruption case

Hy Narin, the Meanchey district police chief arrested by the Anti-Corruption Unit (ACU) on Tuesday, was questioned on Thursday by the Phnom Penh Municipal Court over allegations that he stole more than $600,000 from the state and its citizens during his eight years as police ...

Khuon Narim
http://www.cambodiadaily.com/news/police-chief-accused-in-678k-corruption-case-68996/

Poverty line $120, gov’t says

Workers in Cambodia’s capital earning less than $120 per month are living below the poverty line, according to the Ministry of Planning’s own calculation. At a September 17 workshop on the garment industry minimum wage, International Labor Organization Cambodia national director Tun Sophorn cited Ministry of ...

Sean Teehan
http://phnompenhpost.com/national/poverty-line-120-gov%E2%80%99t-says

Migrants’ kids at risk: CDRI

Fuelled by poverty and debt, more than a quarter of Cambodian adults migrate, and, in the process, many are leaving behind their children, a new report finds. Part of a four-year research project on child labour, the Cambodian Independent Research Institute’s The Impacts of Adult Migration ...

Laignee Barron and Cheang Sokha
http://phnompenhpost.com/national/migrants%E2%80%99-kids-risk-cdri

Census deportations hit 142 in single day

Vietnamese nationals were deported en masse this week from Svay Rieng province, with 142 illegal migrants sent back across the border in a single day, as Cambodia’s nationwide census of foreigners continues, officials said yesterday. General Sok Phal, director of the Interior Ministry’s Immigration Department, said ...

Phak Seangly and Alice Cuddy
http://phnompenhpost.com/national/census-deportations-hit-142-single-day

New mall to open in late 2015

Global commercial real estate firm CBRE has put the call out for retail tenants for the new Parkson City Centre Mall, which stands to become the second foreign mall developer to open in the Kingdom in as many years. ...

Eddie Morton
http://phnompenhpost.com/business/new-mall-open-late-2015

City bans pair of marches

City Hall has banned street marches for World Teachers’ Day and World Housing Rights Day, ordering participants to confine their activities to Freedom Park instead. World Teachers’ Day and World Housing Rights Day occur on October 5 and 6, respectively. Planners for both expressed disappointment ...

Taing Vida
http://phnompenhpost.com/national/city-bans-pair-marches

3,000 Cambodians killed by AIDS per year: official

Approximately 3,000 HIV/AIDS patients in Cambodia die per year, Ieng Mouly, chairman of the National AIDS Authority, said Thursday. According to the official, the Global Fund has granted nearly 149 million U.S. dollars to Cambodia for a four-and-a-half years fight against the disease. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/health/2014-10/02/c_133689175.htm

US retailers express support for Cambodian living wage

As a new round of Cambodian wage negotiations approaches this month, major U.S. and European retailers who source from the country say they will be watching the talks carefully and want to see fair pay for workers. Representatives of the brands like Gap, Levi Strauss, and ...

Kimseng Men
http://www.voanews.com/content/us-retailers-express-support-for-cambodian-living-wage/2470747.html

KrisEnergy formally takes over as operator of Cambodia's offshore Block A

Singapore-based KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, referred to the announcement dated Aug. 11 in relation to the acquisition of the entire issued and paid up share capital of Chevron Overseas Petroleum (Cambodia) Limited (COPCL) and announces the ...

Rigzone News Staff
http://www.rigzone.com/news/oil_gas/a/135266/KrisEnergy_Formally_Takes_Over_as_Operator_of_Cambodias_Offshore_Block_A

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