News

    Firm Given Rights to All ELC Timber in Ratanakkiri

    The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...

    http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/

    Court Upholds Verdict for Minister's Wife's Firm

    The Court of Appeal yesterday upheld a verdict by Kompong Chhang Provincial Court over a land dispute in Konmpong Tralach district between a 70-year old woman and a company owned by the wife of the Minister of Industry, Mines and Energy over a 3,000-square-meter parcel ...

    http://www.cambodiadaily.com

    Chevrolet autos aim to tap into demand for new cars in Cambodia

    Chevrolet, one of America’s iconic brand autos, officially launched its first dealership here on Monday, aiming at tapping into the country’s growing market for new vehicles. Martin Apfel, president of the US’ General Motors to Southeast Asia Operations, said at the launching ceremony at the cars’ ...

    http://www.globaltimes.cn/content/779626.shtml#.UYheUaKj2xA

    Union calls for stable rent for workers

    The Cambodian Confederation of Unions (CCU) urged all apartment landlords to not increase their rent because garment and footwear employees get only a basic salary of $80 per month. A statement issued Monday said the wage increase from $61 per month to $80 will be implemented ...

    http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NzI2NDk4N2M2YTA

    New MFI To Launch Operations

    A new microfinance institution (MFI), ORO Financecorp Plc, is set to open in Cambodia, according to the director-general of the National Bank of Cambodia (NBC). Cambodia already has 35 registered MFIs, according to a recent report by the Cambodia Microfinance Association (CMA). Last week, the ...

    http://www.phnompenhpost.com/2013050765436/Business/new-mfi-to-launch-operations.html

    Mobile Banking Services On A Rise

    F1soft Company, a software service provider that makes banking transactions available via phone, had commenced operations in Cambodia, company officials said yesterday during a workshop. Sean Thorninn, a lecturer in economics at the Limkokwing University and expert in Cambodia’s landscape of microfinance institutions (MFI), told ...

    http://www.phnompenhpost.com/2013050765437/Business/mobile-banking-services-on-a-rise.html

    Cambodia, Bangladesh ink visa exemption deal for diplomatic, official passport holders

    Cambodia and Bangladesh on Friday signed a visa-free agreement for diplomatic and service passport holders in a bid to strengthen bilateral ties in politics, trade, investment and tourism, officials said. The deal was inked here between Long Visalo, secretary of state at Cambodian Ministry of Foreign ...

    http://news.xinhuanet.com/english/world/2013-05/03/c_132357925.htm

    Police seize illegal rosewood; suspect escapes

    Nearly a tonne of rosewood was uncovered in a raid yesterday in Kampong Speu in which the suspect successfully fled after injuring an officer, police officials said. “According to the quality assessment, I can say a rough value of that rosewood is $300,000,” he [Keo ...

    http://www.phnompenhpost.com/2013050665423/National/police-seize-illegal-rosewood-suspect-escapes.html

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