News
MFI launches 15 ATMs in Cambodia
Hattha Kasekar Limited (HKL), one of Cambodia’s largest microfinance institutions (MFI), plans to install 15 ATM machines to service its increasing number of depositors. It becomes the second MFI after Prasac in Cambodia to provide this service to its clients. ...
http://www.phnompenhpost.com/2012122760495/Business/mfi-launches-15-atms-in-cambodia.html
Court Releases Anti-Eviction Activist, but Charge Stands
The Phnom Penh Municipal Court yesterday convicted 64-year-old Borei Keila resident Tim Sakmony for making a false declaration, but released the anti-eviction activist owing to time already served in prison. Ms. Sakmony’s day in court came, without explanation, at precisely the same time as the trial ...
Residents ask PM to intervene in dispute
Villagers travelled from Poipet to Phnom Penh yesterday to seek the prime minister’s help in ending a land dispute with military police officials. About 30 villagers travelling on behalf of families from Banteay Meanchey province’s Poipet town gathered in front of Prime Minister Hun Sen’s home ...
http://www.phnompenhpost.com/2012122760494/National/residents-ask-pm-to-intervene-in-dispute.html
Vietnam to invest in hotels in Cambodia
Vietnamese investors are planning to invest more in accommodation services and to build hotels in at least three provinces that Vietnamese visitors traveling to the world-knowned Angkor Wat will travel past. ...
http://www.phnompenhpost.com/2012122760497/Business/vietnam-to-invest-in-hotels-in-cambodia.html
Workers 'beaten unconscious'
Four garment workers, three of them female, were injured yesterday morning when company and police officials clashed with protesters, union representatives said yesterday. During the demonstrations for the reinstatement of fired workers and back pay, authorities beat two workers unconscious at a protest in front of ...
http://www.phnompenhpost.com/2012122760502/National/garment-workers-beaten-unconscious.html
Thai-Cambodian single visa to commence Thursday
Starting Thursday, tourists from 35 countries could enter Thailand and Cambodia with single visa as foreign ministers of the two countries agreed on Wednesday. Under the Acmecs single visa, tourists from Australia up to United States could apply entry visa at Thai or Cambodian embassies or ...
Thai, Cambodian FMs meet in Bangkok on economic cooperation
Thailand and Cambodia will step up road construction, and open more checkpoints along their common borders, Thai News Agency reported on Wednesday. The resolution was made during the 8th Thai-Cambodian Joint Commission, held in Bangkok on Tuesday and Wednesday. ...
http://news.xinhuanet.com/english/world/2012-12/26/c_132064949.htm
VN inaugurates Cambodia’s largest fertilizer plant
The Nam Sao Cambodia international fertilizer plant, the largest of its kind in Cambodia and a project under cooperation between the country and Vietnam, was Tuesday inaugurated in Somrongthom Commune, Kean Svay District, Preyvan Province, 40 kilometers from the capital city of Phnom Penh. Prime Minister ...
Two new ports for Cambodia
The Phnom Penh Autonomous Port (PPAP) will officially open two new ports in January in response to a rise in imports and exports of cargo. The PPAP is also one of the state-owned enterprises due to be listed on the Cambodian stock exchange by 2014. ...
http://www.phnompenhpost.com/2012122660476/Business/two-new-ports-for-cambodia.html
Union Delivers Leaflets Urging Garment Worker Strike
The Cambodian Confederation of Unions (CCU) is distributing 10,000 leaflets to garment workers across Phnom Penh, urging them to join a strike on Sunday, CCU officials said yesterday. “We would like to invite them to join us to demand for an increase if the base ...
Haul of Logs Discovered Inside Ratanakkiri Land Concession
The Forestry Administration and military police are investigating reports of a stockpile of nearly 300 logs that ethnic Jarai villagers in Ratanakkiri’s O’Yadaw district claim have been illegally cut by the Vietnamese owners of a land concession, local officials said yesterday. Indigenous villagers living in Paknhai ...
Land activists targeted, rights groups say
Prominent female land activists Tim Sakmony and Yorm Bopha, who have been locked in Prey Sar prison since their arrest in early September, will face court today on charges rights groups say have been fabricated to stop them and others from protesting. Hundreds of the women’s ...
http://www.phnompenhpost.com/2012122660488/National/land-activists-targeted-rights-groups-say.html
Fish prices soar in Stung Treng
Prices for the highly-prized fish known as pa sa-see (Mekongina erythrospila) have more than doubled to $50 a kilogram, sources said. ...
Phnom Penh’s new commune prices steady
Land prices in Meanchey district’s four communes that had been transferred into Phnom Penh municipality’s control from Kandal province have held steady, despite the construction of Prek Samroung Bridge and the extension of roads to the area. Meanchey Governor Kuch Chamroeun said that he is ...
http://www.phnompenhpost.com/2012122760489/Real-Estate/phnom-penh-s-new-commune-prices-steady.html
Cambodia's banking industry sees robust growth in 2012
Cambodia’s banking sector has maintained strong and steady growth in terms of loans and deposits in 2012 thanks to better economic performance, a central bank’s senior official said Tuesday. “Our banking system remains robust this year despite economic crisis in Europe and economic slowdown in the ...
http://news.xinhuanet.com/english/business/2012-12/25/c_132062871.htm
Satellite systems for Cambodia’s airports
With the support of the Japanese government, satellite systems will be installed at Cambodia’s international airports from next year, according to an official. ...
http://www.phnompenhpost.com/2012122560460/Business/satellite-systems-for-cambodia-s-airports.html
Social Media Changing Cambodia’s Information Landscape
Changes in demography and technology have altered the behavior of Cambodian media consumers, with youth increasingly using social media platforms to share news and information. Pen Sophal, a graduate student in media management at Sweden’s Royal Institute of Technology, says print and electronic media outlets in ...
Garments, handicrafts employ 700,000 people
The garments and handicrafts sector currently employs about 700,000 workers, a government official said. The official said Cambodia now had about 890 factories and 40,000 small businesses producing handicrafts with annual output of about $6 billion. ...
Illegal Cambodian Workers in Thailand Could Be Deported
Thailand is warning it will expel 1.5 million illegal workers from the country, a move that could affect around 160,000 Cambodians. Rights workers in Cambodia say the migrant laborers deserve assistance from both Thai and Cambodian authorities to help them work and travel legally. ...
Plans for open paddy market
The Ministry of Commerce is conducting a feasibility study to set up an open paddy market for paddy rice in at least two provinces to make the rice trade more transparent, s senior official says. ...
http://www.phnompenhpost.com/2012122560464/Business/plans-for-open-paddy-market.html
6.7% growth forecast for Cambodia
Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update last week. Gross domestic product is forecast to expand 6.7 per cent next year and 7 percent in 2014. That ...
http://www.nationmultimedia.com/aec/6-7%C2%A0rowth-forecast-for-Cambodia-30196729.html
MFIs as one commercial bank
PhillipCapital, a Singapore-based integrated financial services provider and a majority stakeholder in three of Cambodia’s micro-finance institutions (MFIs), plans to consolidate the three into a commercial bank. ...
http://www.phnompenhpost.com/2012122560462/Business/mfis-as-one-commercial-bank.html
Union leader attacked with brass knuckles and cleaver
A union representative led a 1,000-strong protest at a garment factory in the capital’s Russey Keo district yesterday, alleging the company hired a gangster to beat him up on Sunday – a claim the manager has denied. Chhim Sam On, a union leader with the Coalition ...
http://www.phnompenhpost.com/2012122560452/National/union-leader-attacked.html
Car sales sharply rise in Cambodia in 2012 due to strong economic growth
Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...
http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm