News
Lawmakers to Discuss Sesan 2 Dam Draft Law
The National Assembly has announced that it will discuss a draft law on the financing of a controversial dam project in Stung Treng province on February 15, a move environmental groups called premature. Meach Mean, coordinator for 3S Rivers Protection Network – which has been ...
Lack of Redress For Farmers Contributes to H5N1 Spread
While the ministries of health and agriculture are taking measures to stem the spread of avian influenza – which claimed its fifth victim in just three weeks on Thursday – a lack of compensation for poultry owners affected by culling is limiting their effectiveness, officials ...
http://www.cambodiadaily.com/news/lack-of-redress-for-farmers-contributes-to-h5n1-spread-9854/
Graduates fear career jobs woe
A year from now, 23-year-old Sum Tiara will graduate from the Royal University of Law and Economics with a degree in law. At the moment, however, she needs to earn a living and pay for her studies by working in bars and restaurants in Phnom Penh. ...
http://www.phnompenhpost.com/2013021261305/Business/graduates-fear-career-jobs-woe.html
Greener Pastures
Market competition resulting from costly domestic rice remains a key factor driving Thai exporters to seek openings in neighbouring countries where the rice trade is more prosperous. Exporters say their performance was weak last year, mirroring the country’s overall decline in rice exports, which plunged ...
http://www.bangkokpost.com/business/economics/335303/greener-pastures
Belarus eyes enhanced trade, investment ties with Cambodia
Belarus announced its firm stance to promote bilateral cooperation with Cambodia in trade, investment and tourism for mutual benefits, Vladimir Andreichenko, Chairman of the Belarus Parliament, said Monday. He expressed Belarus’s desire to operate a direct flight to Cambodia. He suggested that the two countries ...
http://news.xinhuanet.com/english/world/2013-02/11/c_132164406.htm
Manulife To Use Tuk-Tuks to Promote Services
Canada-based life insurance company Manulife Cambodia will launch a big advertising campaign on tuk-tuks this year to raise awareness of its services. Manulife Cambodia chief executive Robert J Elliott said the campaign would begin with 75 tuk-tuks. He believes between one and two million people ...
Court Enforces Injunction Against Mfone
A court official on Friday agreed to implement an injunction to freeze the assets of bankrupt telecommunications firm Mfone Co. Ltd., according to a lawyer in the case. The Phnom Penh Municipal Court issued the injunction against Mfone on January 17, after Huawei Technologies Co. Ltd. ...
Climate change threatens Asian birds
Laos, Cambodia and Vietnam are among the six countries whose bird species will suffer, in the future, from the effects of climate change, according to a research conducted by two British scientist institutions. The document, published by Global Biological Change magazine, assesses a future distribution ...
Land Investors Should "Play Fair"
Companies that invest in land and resources in emerging economies risk financial and public relations disasters if local inhabitants feel they are getting ripped off, consultants warned in a report last week. The report was released by a group known as the Munden Project The ...
Lawyers Instructed to Seek Approval Before Speaking to Media
Lawyers must now obtain permission from the Cambodian Bar Association before speaking to television and radio media in order to ensure that they do not speak out of turn, the association’s president said in a meeting on Friday. “First, we want to ensure a high quality ...
http://www.cambodiadaily.com/news/lawyers-instructed-to-seek-approval-before-speaking-to-media-9756/
News Analysis: Cambodia Viewed As "Best" Investment Venue For Thais
Cambodia is considered “the most promising country” in the ASEAN community where Thai business entrepreneurs could set up trade and investment projects, according to a noted Thai academic and economist. Roongrote Benjamasuthin, director of the University of Thai Chamber of Commerce’s ASEAN Business & Economic Center, ...
http://news.xinhuanet.com/english/indepth/2013-02/09/c_132162078.htm
Philippines seeks closer ties with Cambodia
Philippines Vice President Jejomar Binay says Cambodian Prime Minister Hun Sen supports the signing of agreements between Manila and Phnom Penh in rice trading and in fighting transnational crime. Cambodian officials have also expressed interest in launching direct flights between Manila and Phnom Penh. ...
Cheap gas for Cambodians rationed
Heavily subsidized prices for liquefied petroleum gas (LPG) and natural gas for vehicles (NGV) in Thailand draw dozens of cars daily from Cambodia to refill their tanks in this Thai border town. But complaints that too many Cambodians are getting a free ride, or rather a ...
Last days of a valley damned
Yong Yim’s voice rises to a high-pitched quiver when she talks about a planned dam in the Areng Valley that would inundate land her family has inhabited for hundreds of years to form what amounts to a giant battery. Now they are staring at ...
May Titthara, David Boyle and Danson Cheong
http://www.phnompenhpost.com/2013020861238/National/last-days-of-a-valley-damned.html
S. Korea’s financial body inks deal to assist Cambodia in banking supervision
South Korea’s Financial Services Commission (FSC) and the National Bank of Cambodia (NBC) on Friday signed a Memorandum of Understanding (MoU) on the provision of technical support for Cambodia’s banking and financial supervision, according to a press release after the signing ceremony. “The MoU will ...
Concern Over Chinese Investment
Cambodia’s largest opposition party has expressed concern that China’s investment in the country is heavily skewed towards exploiting natural resources, wreaking havoc on the environment. China is Cambodia’s largest investor by a wide margin, having poured U.S. $9.7 billion into the country over the past 18 ...
http://www.rfa.org/english/news/cambodia/china-02072013175545.html
Japan’s commerce with Cambodia up
Bilateral trade volume between Cambodia and Japan amounted to $641 million last year, up 25 percent compared with $512 million a year earlier, a report by the Japan External Trade Organization showed Thursday. On the investment side, Japanese firms have begun to focus their ...
French Firm Out of Railway Rehabilition Project
The head of the government department in charge of railways made a dramatic about-face yesterday, saying that French construction firm TSO (Cambodia) Co. Ltd. was being thrown off the donor-funded railway rehabilitation project. Contacted on Tuesday, Ly Borin, director of the Transport Ministry’s railway department, denied ...
Investment Or Imperialism? Tracking China's Big Ambitions In Cambodia
A few years ago this scene would have played out in China. More specifically, it would have played out in a Chinese coastal region to which millions of rural folks had arrived looking for work. A huge hangar, piles of fabrics of all colors at both ...
Japanese delegation seeks business options
Some 140 Japanese investors arrived in Cambodia yesterday to meet with local government leaders and other stakeholders in an effort to boost economic cooperation between the two countries. According to the Japanese Embassy in Cambodia, the delegation arrived in the country yesterday afternoon, following a visit ...
http://www.phnompenhpost.com/2013020861255/Business/japanese-delegation-seeks-business-options.html
Officials to Map Bunong Land for Communal Titles This Month
Efforts to map the ancestral land of five ethnic Bunong communities that have long sought collective property titles in Mondolkiri province’s Pech Chreada district will finally begin later this month, with funding for the project coming from the U.N., officials said yesterday. “We are working in ...
http://www.cambodiadaily.com/news/officials-to-map-bunong-land-for-communal-titles-this-month-9644/
De Castle Royal to be completed by 2014
The De Castle Royal Condominium project, which has been on hold for some time, has announced that it will go back on the market after gaining $28 million in loans from Canadia Bank, which will allow for the completion of the 32-storey-building. The general manager of ...
http://www.phnompenhpost.com/2013020761213/Real-Estate/de-castle-royal-to-be-completed-by-2014.html
Naga Corp Reports 23 Percent Profit Growth
NagaCorp Ltd., the Hong Kong-listed company that runs Phnom Penh’s only licensed casino, saw its profits grow by 23 percent in 2012, the firm said in an announcement. In its financial results for the year, released Wednesday to the Hong Kong stock exchange, the company that ...
http://www.cambodiadaily.com/business/nagacorp-reports-23-percent-profit-growth-9646/
Longan farmers in Pailin plan factory
A co-operative of longan farmers in Pailin plans to build a processing factory to increase export capacity as output and demand rise. Meas Loeurn, the co-operative’s leader, told the Post on Wednesday rising demand from China was prompting growing numbers of farmers to cultivate the fruit. “During ...
http://www.phnompenhpost.com/2013020861252/Business/longan-farmers-in-pailin-plan-factory.html