News
Families Ordered to Leave Disused Airfield Land in Preah Vihear
More than 25 families living on the site of the long-disused airfield in Preah Vihear province have been ordered to move off the land, a district official said yesterday. “The authorities are forcing residents to leave without compensation and this eviction is illegal because they ...
Kingdom’s rubber exports rise, but prices stay flat
Rubber exports from Cambodia were up over 17 per cent in the first quarter of 2013, but the revenue from rubber stayed steady as prices decline worldwide, according to data from the Ministry of Commerce. The data showed that in the first quarter of this year, ...
Union Plan Massive Demonstration in Phnom Penh
Four of Cambodia’s independent and opposition-aligned unions have informed the Phnom Penh municipality that they plan to gather 20,000 people on May 1 to march from Olympic Stadium to the National Assembly. ...
Gaming Asia opens new club
Entertainment Gaming Asia will open up it’s second Dreamworld Club in Cambodia in the Thai-Cambodia border town of Poipet, in Banteay Meanchey province, according to a media release from the US-listed company on Monday. ...
http://www.phnompenhpost.com/2013042565219/Business/gaming-asia-opens-new-club.html
In Mondolkiri Province, Asian Wild Elephants Are Thriving
New York-based organization Wildlife Conservation Society (WCS) has released some remarkable footage of wild Asian elephants in Mondolkiri’s Seima district that offers a rare view of the endangered species in its natural habitat. ...
Lauren Crothers
http://www.cambodiadaily.com/news/in-mondolkiri-province-asian-wild-elephants-are-thriving-19970/
Export Values Up 21 Per Cent
Cambodian export values increased more than 21 per cent in the first quarter of this year compared with the same period last year, and officials said the rise was a positive sign for the Kingdom’s economic growth. According to the Ministry of Commerce’s export data ...
http://www.phnompenhpost.com/2013042465194/Business/export-values-up-21-per-cent.html
Construction Sector Faces Chronic Labor Shortage
Cambodia’s construction sector is facing a massive labor shortage due to a recent boom in construction projects throughout the country and workers migrating en masse to Thailand in search of higher wages. In 2012, the construction sector expanded rapidly with the total value of approved projects ...
http://www.cambodiadaily.com/news/construction-sector-faces-chronic-labor-shortage-19742/
Sihanoukville port volume increases 15 per cent
The volume of cargo passing through the Sihanoukville Autonomous Port (SAP) rose 15 per cent in the first quarter of this year compared with the corresponding period last year. Experts say milled-rice exports and fuel imports contributed to the boost in activity. From January to March, ...
Villagers Protest Eviction by Chinese Company
More than 100 villagers living on a 20-hectare swath of a rubber plantation in Ratanakkirri province gathered outside O’Chum commune hall yesterday to protest their eviction at the hands of a Chinese company, local officials and rights activists said. About 120 families from Trang Churng Village ...
Cambodia, Laos, Vietnam parliamentarians meet in Cambodia to boost Development Triangle Area
Parliamentarians of Cambodia, Laos and Vietnam gathered in Cambodia’s northeastern Mondulkiri province on Wednesday to discuss the parliaments’ role in supporting the three countries’ Development Triangle Area, according to a media release from Cambodian National Assembly. Speaking at the opening of the two-day meeting, the ...
http://news.xinhuanet.com/english/world/2013-04/24/c_132336947.htm
Poipet Casino Grand Opening set for Next Month
U.S. listed gambling firm Entertainment Gaming Asia Inc. (EGA) will next month hold a grand opening for its second casino on the Thai-Cambodia border, the company said. In a statement issued on Monday from Hong Kong, it said that Dreamworld Club in Poipet, which has been ...
http://www.cambodiadaily.com/business/poipet-casino-grand-opening-set-for-next-month-19965/
606 New Companies Opened in Cambodia in Q1, Down 33 pct
Cambodia had granted operating licenses to 606 new companies in the first quarter of this year, a 33 percent decrease compared with the 904 firms at the same period last year, the Commerce Ministry’s report showed Tuesday. Yim Rom, an official at the ministry’s statistics ...
Cambodia's leading bank inks deal with UnionPay International for payment services
Acleda Bank, a leading commercial bank in Cambodia, on Monday signed a Memorandum of Understanding with UnionPay International on payment services for mutual benefits, according to the bank’s statement. Xu Luode, president of China UnionPay and vice-chairman of UnionPay International, said currently, UnionPay cards reached ...
http://www.asean-china-center.org/english/2013-04/23/c_132333810.htm
Small rise in Kingdom’s February inflation
Cambodia saw a 1.7 per cent rise in inflation in February compared with the same month the previous year. Prices of food and fuel rose, according to official data from the National Institute of Statistics (NIS). “The increase for all index group of a 1.7 per ...
http://www.phnompenhpost.com/2013042365161/Business/small-rise-in-kingdom-s-february-inflation.html
Google Launches Khmer Translation Service
Internet search giant Google on Friday launched a new service that for the first time allows users to instantly translate Khmer script into other languages. Khmer is the most recent addition to the 66-strong collection of languages between which words, sentences or whole websites can be ...
http://www.cambodiadaily.com/news/google-launches-khmer-translation-service-19417/
Thais remove cassava and maize import restrictions
In order to boost the Kingdom’s trade performance and improve the quality of lives of farmers along the Thai-Cambodia border, Thailand has agreed to remove import restrictions on Cambodian cassava and maize. Speaking to reporters after the forth meeting of the Joint Trade Committee between Cambodia ...
Luxury Wood Haul Found on Rubber Concession
Authorities in Ratanakkiri province arrested and charged two men with illegal logging after discovering about 4,000 pieces of luxury wood on an economic land concession held by a Vietnamese rubber company, officials said. [Deputy Provincial Forestry Administration Chief Phan Phoeun] said that although the wood ...
Land-Titling Project Denied Minorities of Property Rights
Hundreds of indigenous minorities in Ratanakkiri province are being made worse off by Prime Minister Hun Sen’s land-titling scheme which, rather than securing their property rights, is contributing to the loss of their ancestral lands, according to a new report. The report supports complaints aired since ...
http://www.cambodiadaily.com/news/land-titling-project-denied-minorities-of-property-rights-19528/
Insuring for higher education
Canada-based life insurance company Manulife has launched a product intended to provide parents with security for their children’s education, and officials at the firm say they are optimistic about its prospects. Manulife’s research found that even families who were financially struggling would take advantage of ...
http://www.phnompenhpost.com/2013042365160/Business/insuring-for-higher-education.html
Thai-Cambodian trade along Surin looks set to prosper further
The commerce affairs office in northeastern Surin has reported robust trade along the Thai-Cambodian border despite unresolved Phra Viharn [Preah Vihear] temple dispute. Mr. Sitthiporn Bangkeaw from the Office of Commerce Affairs Surin revealed that even though the International Court of Justice (ICJ)’s public hearings in ...
http://thainews.prd.go.th/centerweb/newsen/NewsDetail?NT01_NewsID=WNECO5604220010001
US embassy to hold investment webinar
The US embassy in Phnom Penh intends to hold a webinar on doing business in Cambodia, providing information on the benefits and challenges of working in the country for US firms. “This is the first webinar that will focus on investment opportunities and an overview of ...
http://www.phnompenhpost.com/2013042265136/Business/us-embassy-to-hold-investment-webinar.html
Phnom Penh Municipal Court Overturns Mfone Injunctions
The Phnom Penh Municipal Court has overturned two injunctions filed against bankrupt mobile operator Mfone, saying the decision will help the court-appointed administrator in charge of Mfone’s assets pay back creditors the money they are owed. The court issued Eltek’s injunction in October and Huawei’s ...
BoC is set to expand after rapid growth
Having seen rapid growth since launching in Cambodia two years ago, the Bank of China (BoC) plans to expand its business operations here. According to a Xinhua report, BoC’s deputy governor Zhu Shuming said during his visit to Cambodia last Friday that its local operations have ...
http://www.phnompenhpost.com/2013042265138/Business/boc-is-set-to-expand-after-rapid-growth.html
Adhoc Investigator Under Investigation for Inciting Protest
Officials in Ratanakkiri province are investigating the provincial coordinator for rights group Adhoc for incitement after he helped villagers organize a demonstration, ultimately canceled, against a Vietnamese rubber company in O’Yadaw district. Mr. [Chhay] Thy, [Adhoc’s Provincial Investigator] said yesterday that he met with about ...