News
Citibank (NYSE:C) sees business opportunities in Cambodia
Citibank, one of the largest banks in the United States and the World, is seeking for investment opportunities in Cambodia, a bank senior official said Tuesday. During a meeting with Cambodian Deputy Prime Minister and Finance Minister Cambodian Keat Chhon on Tuesday afternoon, Darren Buckley, country ...
http://www.livetradingnews.com/citibank-nysec-sees-business-opportunities-in-cambodia-87222.htm
Biomass is more than energy
Rural Cambodian communities are seeing economic benefits as a result of a biomass and farming resilience project run by GERES, a French NGO. As part of the AREA project, 200 households in Kampong Chhnang province are growing 22 varieties of trees to negate the effects of ...
Erika Mudie, P. 10
https://www.phnompenhpost.com/business/biomass-benefit-rural-cambodia
Companies aim to be socially minded
Four companies in Cambodia — EZECOM, Manulife Cambodia, Angkor Gold and Unilever — have demonstrated their commitment to corporate social responsibility this month by giving support to schools, a hospital and sustainable living. CSR Asia, the leading provider of information, training, research and consultancy services on ...
Gov's to Lay More than 400 Km of Fiber-Optic Cable
With a loan from Japan, the government will begin laying more than 400 km of fiber-optic cable early next year to connect Phnom Penh with five provinces, the Ministry of Post and Telecommunications (MPTC) said yesterday. Telecommunication Minister So Khun said the cable-which will connect Phnom Penh with ...
Number of Internet Users More Than Doubled Last Year
The number of Internet users in Cambodia more than doubled last year, but the country still has the third-lowest Internet penetration rate in the region, according to recent statistics released by the World Bank. Internet users jumped from 178,142 in 2010 to 443,461 in 2011-reaching about ...
Active acquisition is a GO
Malaysian-based GO Communications Group signed an acquisition deal to buy out Cambodian based Active Event Management, on Friday, Sept 21, 2012. Siet Sisopheak, managing director of Active, said GO became interested in the company because of improvements in Cambodia’s economy and how it would benefit the ...
http://www.phnompenhpost.com/index.php/2012092558890/Business/active-acquisition-is-a-go.html
Rain delays Kampot port construction
Construction of the US$100 million Kampot sea port had been further delayed by rain, materials not being available and incomplete preparations, a local investor revealed yesterday. Vinh Huor, president of the Kampot Special Economic Zone, (KSEZ) said of the delay: “We are preparing to be better, ...
More B' Meanchey Homes Evacuated After Floods
Serei Saophan City has become the latest area in Banteay Meanchey province to be hit by floods, with more than 300 families evacuated to higher ground yesterday, according to provincial officials. Banteay Meanchey provincial prison has also been affected by the flooding, with some parts ...
Rubber up $100 a tonne in a week
The price of rubber jumped to $2,500 per tonne last week after months of the commodity steadily dropping, industry analysts reported. The jump of $100 a tonne, or 4.2 per cent, comes after the price for rubber dropped in June from above $3,000 per tonne, according ...
http://www.phnompenhpost.com/index.php/2012092558889/Business/rubber-up-100-a-tonne-in-a-week.html
Borei Keila, Boeung Kak march on embassies
More than 60 people yesterday rallied at the National Assembly, the UN Human Rights Office, the Danish Embassy and the German Embassy as part of a petition campaign to seek the release of two jailed women from the Boeung Kak and Borei Keila communities. Villagers and ...
Firm Owned by Ministry's Wife Files Suit Against Four Villagers
The Kompong Chhnang Provincial Court has summoned four villagers embroiled in a long-running land dispute over charges of alleged incitement and violence involving a company owned by the wife of government minister, a court official said yesterday. Two summoned vllagers, from Kompong Tralach district’s Ta Ches commune, faced similar ...
Bank Collapse Sees Property Up for Grabs
A prime piece of Phnom Penh real estate was put up for auction last week by a South Koran government agency attempting to recoup taxpayers’ money lost during a bank collapse last year. Bids have been made that could see a new development on the site, ...
Poipet Casino Dragging Feet on Promise
A casino in Poipet that pays wages only in Thai baht is yet to fulfil its promise to improve conditions for its 500 workers, a union representative said yesterday. Workers are still working 12-hour days – often without a break – at the Tropicana Casino, one ...
UN Concerned By Authorities' Use of Violence
Unprovoked violence by government and private security guards, the use of weapons to quell protests, and communities resorting to violent means in land disputes is a growing cause for concern in Cambodia, the U.N.’s Office for the High Commissioner for Human Rights (OHCHR) said in its ...
After bust, cosmetics shops under scrutiny
Less than a week after the arrest of alleged beauty parlour madam Chan Sreynuch, military police say they are taking a closer look at a number of hair salons and beauty shops in Phnom Penh suspected of being involved in human trafficking and prostitution. According to ...
Rights record under fire
A pair of reports to be presented at the UN Human Rights Council in Geneva today and tomorrow paint a bleak image of a country whose rights record has worsened considerably over the past year. An annual report from the Office for the High Commissioner of Human Rights (OHCHR) in ...
Police Say RCAF Trying to Bury Fatal Crash With Cash
Military officials are attempting to squelch a potential lawsuit from relatives of three people killed Friday when Royal Cambodian Armed Forces (RCAF) soldiers smuggling wood through Siem Reap province drove a military truck, donated by the U.S. government, into the family’s motorbike, police officials said. ...
Casinos flush with locals
At 7am, the border crossing from Vietnam to Svay Rieng’s Bavet town is already buzzing with the activity of foreign gamblers arriving for a day at the casinos along National Highway 1. But throughout the day, a steady trickle of Cambodian players make their way ...
Land Disputes Focus Ire on Chinese Investors
Among thousands of residents in the Boeung Kak Lake district of the capital whose land has been targeted for redevelopment by a Chinese-financed real estate company, Tep Vanny carried a letter explaining the “sadness and suffering” caused by the project — which has turned Phnom ...
Lone Firm Takes 23,000 Hectares for Plantations in Preah Vihear
A Malaysian company has been granted three tracts of land totaling more than 23,000 hectares for oil palm and rubber plantations in Preah Vihear province, according to documents submitted to the Malaysian stock exchange. The acquisition flout the legal maximum of concession land that a single ...
As Tensions Grow, Residents Pitted Against Authorities, ‘Not Companies’
Boeung Kak and Borei Keila villagers embroiled in longstanding land disputes with two private companies in Phnom Penh say the authorities are protecting business interests over the public, as thousands of families lose their homes under forced evictions. This has turned the protesters and government officials ...
Floodwaters Recede in Banteay Meanchey
Floodwaters appeared to be receding in Banteay Meanchey province yesterday, after almost a week of heavy rains saw several communes inundated and over 4,000 families evacuated, provincial authorities said. “The situation is now under control,” said Ngor Mengchroun, governor of Poipet City-one of the worst hit ...
Cambodian king visits Vietnam to cement bilateral ties
Cambodian King Norodom Sihamoni began a 3-day state visit to Vietnam starting on Monday at the invitation of Vietnamese President Truong Tan Sang, local media reported. The visit, the fourth made by Cambodian king since he came to the throne in 2004, will likely elevate further ...
http://news.xinhuanet.com/english/world/2012-09/24/c_131869525.htm
Future of E-Business linked to skills
The future of e-business in Cambodia depends on gaining better skills, a group of students heard yesterday at the University of Puthisastra. In a panel discussion on the future of e-business as part of BarCamp Phnom Penh, T.O. Software president Heng Chamroeun offered advice to the ...