News
City Orders Removal of a Dozen Newspaper Stands
Phnom Penh authorities have ordered 12 newspaper kiosks to leave a major road in the capital, saying they need them to relocate for 12 months for construction but giving them no other place to go. Owners of the kiosks, which are popular in the sale of ...
http://www.voacambodia.com/content/city-orders-removal-of-a-dozen-newspaper-stands/1575403.html
Yearender: Hosting ASEAN Summit tops major achievements of Cambodia in 2012
The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom ...
http://news.xinhuanet.com/english/indepth/2013-01/01/c_132075147.htm
Vietnam investment in Cambodia hits US$2.5 bil
Vietnamese enterprises so far have invested in 124 projects in Cambodia with total registered capital of some US$2.5 billion, four times higher than the figure in 2009. As such, Vietnam is now among the top five investors in Cambodia, said the Association of Vietnamese Investors in ...
http://english.vietnamnet.vn/fms/business/55818/vietnam-investment-in-cambodia-hits-us-2-5-bil.html
Tourist arrivals top estimates
The number of tourists to arrive in Cambodia in 2012 was at least 200,000 higher than expectations, possibly reaching 3.5 million, officials said yesterday. Thong Khon, Minister of Tourism, told the Post yesterday that in the first 11 months of 2012, Cambodia received 3.2 million tourists, ...
http://www.phnompenhpost.com/2013010160559/Business/tourist-arrivals-top-estimates.html
Garment worker protest builds over severance
More than 1,000 workers protested in front of the soon-to-be-closed Svay Rieng Cambodia Garment factory yesterday to demand better severance benefits, and nearly half of them then marched to the provincial hall to seek help from government officials, workers said yesterday. Worker representative Pang Tra said ...
Tough times for telecom bosses in 2012
The year 2012 has seen a number of changes of personnel within different companies in Cambodia, particularly in the telecommunications sector, but also in the insurance and banking industry. According to In Channy, ACLEDA Bank’s CEO and vice chairman of the International Business Chamber Cambodia, the ...
http://www.phnompenhpost.com/2013010160558/Business/tough-times-for-telecom-bosses-in-12.html
Cambodian, Chinese firms sign deal to build railway, seaport
A Cambodian company and a Chinese firm on Monday signed a Memorandum of Understanding (MoU) in order to build a railway and a seaport in Cambodia to serve iron and steel mining industry. The deal was inked between Zhang Chuan You, general manager of Cambodia Iron ...
http://news.xinhuanet.com/english/china/2012-12/31/c_132074231.htm
Thai-Cambodia buses open a new era with new land connections on public transport
BANGKOK- First bus services between the two Kingdoms of Cambodia and Thailand had their debut on December 29, said the Transport Co., a Thai state enterprise under the Transport Ministry. The service includes the Bangkok-Siem Reap route, a 424-kilometre trip that takes about seven hours. ...
http://www.traveldailynews.asia/news/article/51288/thai-cambodia-buses-open-a-new
Cambodia battles to save rare Mekong dolphins
KRATIE (Cambodia): The sight of two dolphins twisting playfully in the murky waters of the Mekong river elicits barely-stifled squeals of delight from a boatload of eco-tourists. But a short distance upstream, river guard Pech Sokhan sighs as he holds up two large, tangled gill nets ...
http://www.nst.com.my/latest/cambodia-battles-to-save-rare-mekong-dolphins-1.193943
Malaysian Maybank expands to outskirts
Malaysian-owned Maybank, one of the largest banks in Cambodia, opened its 12th national branch in Phnom Penh on Friday. The bank aims to reach emerging businesses in the city’s Special Economic Zone (PPSEZ) with the new office. ...
Students Refer Land Dispute to Hun Sen's Son
The chief of 120 students spearheading the government’s land-titling program in Pursat province has filed a report with Prime Minister Hun Sen’s second son, Hun Manith, to find a solution for villagers who say local officials in the area have confiscated their registration documents. ...
OSK Investment Bank and RHB Capital merge
OSK Investment Bank Berhad (OSKIB), the parent company of OSK Indochina Bank Limited (OSKIBL), has become a wholly owned subsidiary of the Malaysia-based financial services group RHB Capital Berhad (RHB Capital), effective from November 9. ...
Hun Sen says CPP will never tax farmland
Prime Minister Hun Sen has said the ruling Cambodian People’s Party (CPP) will never tax farmland. “It would burden our farmers,” he said in Takeo Sunday. “Although national revenue that comes from land taxes is spent on building roads, water systems, hospitals and schools, we still ...
Thai-Cambodian Meeting Addressed Illegal Migrants
Foreign Minister Hor Namhong returned to Phnom Penh on Friday after attending a two-day meeting of the Cambodian-Thai Joint Committee in Bangkok, during which he discussed the issue of illegal migrant workers with his Thai counterpart, Surapong Tovichakchaikul. According to a joint statement issued by the ...
Land protestors curse court
Residents of property development site Boeung Kok gathered Monday in front of Phnom Penh Municipal Court to put a curse on court officials. Representative Heng Mom asked the court to review the case of Youm Bopha, sentenced to three years in prison for attempted violence on ...
Garment Workers Protest for Higher Wages at Freedom Park
More than 200 garment workers gathered at Phnom Penh’s Freedom Park yesterday to protest for higher wages before marching to Wat Botum Park and the National Assembly. The workers from three factories – Cambo Handsome, Best One and Yang Fong – are requesting $150 as their ...
1,000 More Logs Discovered Inside Ratanakkiri Land Concession
Forestry Administration officials and police yesterday discovered a stockpile of more than 1,000 logs that ethnic Jarai villagers in Ratanakkiri province’s O’Yadaw district claim have been illegally cut by the Vietnamese owners of a rubber concession, a district official said. The 4,000-hectare concession was granted to ...
Cambodian, Chinese firms unveil 1st oil refinery project in Cambodia
Cambodian Petrochemical Company and Sinomach China Perfect Machinery Industry Corp jointly announced on Friday to build the first oil refinery in Cambodia and the construction is expected to be completed at the end of 2015. Zhang Sugang, president of Sinomach China Perfect Machinery Industry Corp, said ...
http://news.xinhuanet.com/english/china/2012-12/28/c_132069193.htm
Cambodia-Vietnam trade, investment see marked rises in 2012
Bilateral trade volume between Cambodia and Vietnam jumped to 3.3 billion U.S. dollars in 2012, a 18 percent rise from 2.8 billion U.S. dollars in 2011, according to a report provided by the Association of Vietnam Investment in Cambodia on Saturday. The report also said ...
http://news.xinhuanet.com/english/world/2012-12/29/c_132070890.htm
Regional Workers Need More Protection, Advocate Says
With Thailand threatening to oust undocumented workers, Asean must do more as a region to protect its migrant workers, a leading rights advocate says. More and more workers are crossing the borders between Asean countries, and the region looking to lower trade barriers, so workers need ...
http://www.voacambodia.com/content/regional-workers-need-more-protection-advocate-says/1574026.html
Train service relaunched between Phnom Penh and Sihanoukville
The government was to resume rail services between Phnom Penh and Sihanoukville Friday in collaboration with Toll Royal Co, Richz Electronic Services and the Asian Development Bank, sources said. ...
Cambodia's first commercial train begins operation
Cambodia’s modern railway system on Friday commenced commercial rail operations on the 256- kilometer”Southern Line” between the capital city of Phnom Penh and Sihanoukville Port. The launching was made after years of renovation with the financial support from the Asian Development Bank and development partners. “ADB ...
http://news.xinhuanet.com/english/world/2012-12/28/c_132069644.htm
Garment strikers march on despite ban
About 300 workers continued protesting at the Master and Frank garment factory yesterday, rejecting a Kandal Provincial Court injunction ordering them back to work within 48 hours. After the company promised to consider workers’ demands that it reinstate fired union members, workers cancelled their plans to ...
http://www.phnompenhpost.com/2012122860510/National/garment-strikers-march-on-despite-ban.html
Cambodia defies global crisis
Cambodia’s economic performance this year has been heartening despite the global economic slowdown, especially the chaos caused in Europe by the sovereign-debt crisis and the sluggish recovery of the US economy. In October, the International Monetary Fund revised its world growth projections to 3.3 per cent ...