News

New solar powered lights for Cambodia

Cambodia’s energy sector acquired a new product yesterday with the introduction of solar powered lights from energy company Total, advancing it toward a longer term solution to meeting the population’s energy needs. An industry player described the products as a nice bridge toward seeing Cambodia supplied with ...

http://www.phnompenhpost.com/Business/new-solar-powered-product-launched.html

Residents seek compensation as homes fall into Tonle Sap

Nineteen families from Svay Pak commune in Russey Keo district protested for a second day Wednesday after their homes fell into the Tonle Sap River. Twenty-four houses along the river have been affected, they said. Although five have already left, the other 19 refuse to accept ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTkwM2U3MjZmN2Y5MWNiNTA0NGQyOTczNmUyZDZk

Idemitsu, Cambodia sign biofuel production deal

Idemitsu Kosan Co. said Monday it has signed a memorandum of understanding with the Cambodian government to promote biofuel production in the Southeast Asian country. The move is part of plans by the Japanese energy firm to produce bioethanol out of cassava, a type of potato, ...

http://www.yomiuri.co.jp/dy/business/T121210003291.htm

China plans to invest $5 billion to develop sea port, eco-tourism, and airport in Cambodia

PHNOM PENH: Chinese Union Group and the government of Cambodia plan to ink MoU of construction of mega-development projects in Koh Kong province, southern part of Cambodia. Environment minister Mok Mareth made the announcement upon arrival from China, where he attended APEC meeting in Tainjin on ...

http://thesoutheastasiaweekly.com/?p=5119

Vietnam Confirms Stake in Sesan Dam Bought by Chinese Firm

A representative of Vietnamese state-owned electricity giant Electricity Vietnam International (EVNI) confirmed yesterday that their stake in a dam project in Stung Treng province has been bought out by their Cambodian and Chinese business counterparts. While Royal Group chairman Kith Meng has maintained that EVNI still ...

http://www.cambodiadaily.com/business/vietnam-confirms-stake-in-sesan-dam-bought-by-chinese-firm-6589/

Families make plea to PM Hun Sen over eviction

Despite a court-ordered land title in their favour, 163 families in Phnom Penh’s Sen Sok district last week watched excavators rip apart their homes at the behest of two district deputy governors. The forced eviction, denounced in a petition delivered on Friday to Prime Minister Hun ...

http://www.phnompenhpost.com/General/families-make-plea-to-pm-hun-sen-over-eviction.html

Cambodia's tax revenue totals $683 million

The Cambodian government collected $683 million in taxes over the first 11 months of this year, according to data from the General Department of Taxation released last week. An economist said the increase in domestic tax revenue emphasised that Cambodia still has room for improvement in ...

http://www.phnompenhpost.com/index.php/2012121160203/Business/tax-revenue-totals-683-million.html

Governor Says Destroyed Siem Reap Market Will Not Be Rebuilt

The Siem Reap City governor said yesterday that he would not allow a popular night market to be rebuilt after a deadly fire on Saturday razed it to the ground. “We cannot allow them to rebuild the market because this location is only suitable for ...

http://www.cambodiadaily.com

Hun Sen Says 2013 Budget Will Balance Despite Spending

Prime Minister Hun Sen yesterday said that Cambodia’s budget for next year was balanced, claiming that a planned increase in public spending will be made up for by a rise in government revenue. Despite concerns from the opposition that foreign borrowing should be reduced, the National ...

http://www.cambodiadaily.com

Pension scheme ramps up

More than 700,000 workers at private companies and factories across 19 provinces have registered to join a nationwide pension scheme that goes into effect in 2015, Labour Ministry officials told the Post yesterday. A branch of the National Social Security Fund (NSFF), the pension scheme was ...

http://www.phnompenhpost.com/index.php/2012121160211/National-news/pension-scheme-ramps-up.html

Union representatives summoned

Union leaders representing workers on strike at the Tropicana Casino and Resort were served with a summons by the Banteay Meanchey provincial court yesterday after a complaint by the casino’s management. The court summons came around the time Sum Sam Ith, the Tropicana representative, sent ...

http://www.phnompenhpost.com/index.php/2012121160209/National-news/union-representatives-summonsed.html

Aeon starts building Cambodia mall

Japanese mall operator Aeon Co. broke ground Monday on Cambodia’s first foreign-financed mall. “We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs and we want to stay deeply rooted in Cambodia and we want to ...

http://www.japantimes.co.jp/text/nb20121211a1.html

Rising tourism prompts ABA growth in Siem Reap

The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...

http://www.phnompenhpost.com/index.php/2012121160202/Business/rising-tourism-prompts-aba-growth-in-siem-reap.html

Community forest woes

In the latest chapter of what is proving to be an arduous struggle to protect a government demarcated Community Forest in Battambang province, 36 hectares of the land have reportedly been given over to outsiders including a military official. ...

David Boyle
http://www.phnompenhpost.com/index.php/2012121060181/National-news/community-forest-woes.html

Hun Sen says growing Japanese investment reflects maturing economy

Prime Minister Hun Sen said Monday that the gradual increase in Japanese investment in Cambodia reflected a maturing of the domestic economy. His remarks came at a groundbreaking ceremony for a shopping mall being built by top Japanese retailer Aeon Co Ltd. The $200 million mall ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MzZmMTY5YTIyN2RiMGIyYjE4NGVhY2Y5MWM0ZDA0

Cambodia inaugurates food industry lab under Chinese aid

Cambodia on Friday inaugurated a food industry laboratory with Chinese aid, aiming at assisting food quality improvement, research and technology development, officials said. The China-Cambodia Food Industry Laboratory is situated in the complex of the Industrial Laboratory Center of Cambodia in Phnom Penh’s Russey Keo district. ...

http://news.xinhuanet.com/english/china/2012-12/08/c_132027343.htm

Logging Reporter Arrested

Cambodian authorities arrest a journalist who exposed the illegal smuggling of timber. Taing Try, a reporter affiliated with the Khmer Democratic Journalists’ Association, was taken into custody on Friday, police in Kratie’s Snoul district told RFA on Sunday. But Ing Savoeun, a representative from the ...

http://www.rfa.org/english/news/cambodia/reporter-12102012174729.html

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