News

Brewery answers PM’s call for product exports

Khmer Brewery (KB), a locally owned company that produces Cambodia Beer, has made its first export to Japan, partly in response to Prime Minister Hun Sen’s call in mid-May for local food and beverage producers to push their products abroad. KB public-relations manager Sok Chantha said ...

http://www.phnompenhpost.com/index.php/2012071157337/Business/brewery-answers-pms-call-for-product-exports.html

Rocket Internet launches e-commerce site in Cambodia

A local representative of controversial online start-up incubator Rocket Internet said the company would invest “millions” in Cambodia as it launched a new online retail store yesterday, in what market insiders call a trend toward increasing e-commerce in the Kingdom. The site, shop.com.kh is offered in ...

http://www.phnompenhpost.com/index.php/2012071157333/Business/rocket-launches-e-commerce-site.html

Land Project Sees Second Bribery Suspension

A second police official in Ratanakkiri province has been suspended on suspicion that he demanded money from villagers so that their names could be included on a list of people eligible for land titles as part of Prime Minister Hun Sen’s new titling program, police ...

Water Supply Stock Falls Back to Initial Value

The share price of the Phnom Penh Water Supply Authority (PPWSA), the only stock so far to trade on Cambodia’s recently launched bourse, fell yesterday to the lowest price since its first day of trading nearly three months ago. At the day’s close, stock in PPWSA ...

Dozens of City Offices Privatized

The government last month privatized more than a dozen department and commune offices in some prime locations around Phnom Penh, and will move many of them to Sen Sok district, according to documents and officials. A sub-decree dated June 27 and signed by Prime Minister Hun ...

Clinton visit sparks hope

US Secretary of State Hillary Clinton arrives in Phnom Penh today for diplomatic and business talks with China and ASEAN’s 10 member states, but rights groups and opposition parties are counting on the state of human rights in Cambodia to be a top priority as ...

http://www.phnompenhpost.com/index.php/2012071157348/National-news/clinton-visit-sparks-hope.html

Canada eyes close ties with Cambodia, ASEAN

Canada is willing to build close ties with Cambodia and other ASEAN member states in politics, trade and investment, said Canadian Foreign Minister John Baird on Wednesday. John said that Canada’s International Trade Minister Ed Fast will make a visit to Cambodia next month to ...

http://news.xinhuanet.com/english/world/2012-07/11/c_131709296.htm

Newlyweds targeted with ‘wedding loans’

Phnom Penh Commercial Bank will offer “wedding loans” to newlyweds, a product based on a similar borrowing practice is South Korea. The majority-owned South Korean bank will set aside more than US$1 million for start-up families that don’t want their parents shelling out savings for new ...

http://www.phnompenhpost.com/index.php/2012071157335/Business/newlyweds-wedding-loans.html

UK foreign office minister in Cambodia delivers message of assurance despite EU troubles

Jeremy Browne, UK foreign office minister, told officials in Cambodia during a two-day visit that despite the current problems the European Union is having with its currency union and economies, ASEAN should not be discouraged from pursuing closer economic and even political coordination within the 1.0-member bloc. Speaking at the Council of Ministers in Phnom ...

http://www.etmcambodia.com/index.php

Forte Insurance predictions positive

Charles Cheo, managing director of Forte Insurance, is sanguine on the growth prospects of Cambodia’s US$30 million general insurance market, even though there are five other general insurers competing against Forte, and three new life insurers entering the market. Forte established a presence in Cambodia in ...

http://www.phnompenhpost.com/index.php/2012071157332/Business/forte-insurance-predictions-positive.html

Cambodian rice to be DNA tested

Thailand may not export certain varieties of Cambodian-grown, but Thai-milled, rice internationally due to fears of intellectual property violations. Cambodian Malis rice is very similar to jasmine rice, and Thailand has expressed concerns that it may infringe on the Thai-owned jasmine rice variety. The Ministry of Agriculture has been ...

http://www.phnompenhpost.com/index.php/2012071157331/Business/rice-dna-tested.html

Released Boeng Kak Women Back to Old Ways

Less than two weeks after being released from prison, the 13 women convicted in May for protesting evictions at Phnom Penh’s Boeng Kak community staged their first public action yesterday. The women, joined by about as many neighbors, submitted petitions to the Australian, French, U.K. and ...

High court appeal for Boeung Kak 13

Thirteen Boeung Kak lake women imprisoned after a three-hour trial in May and released last month had appealed their guilty convictions to the Supreme Court, their lawyer said yesterday. “They told us they are completely dissatisfied with the verdict of the Appeal Court, which maintained the ...

http://www.phnompenhpost.com/index.php/2012071157341/National-news/high-court-appeal-for-boeung-kak-13.html

Union boss accused of strike incitement

The president of the Cambodian Alliance of Trade Unions has been summonsed to Kandal Provincial Court to answer incitement and defamation allegations levied against her by the owner of the strike-plagued Tai Yang Enterprise factories. The court complaint comes ahead of major negotiations today in the ...

http://www.phnompenhpost.com/index.php/2012071157345/National-news/union-boss-accused-of-strike-incitement.html

China to lend hand in battle with killer virus

China yesterday pledged to provide medical experts and funding to assist the investigation and clinical management of a virus that has killed more than 60 Cambodian children. Eang Sophalleth, personal spokesman for Prime Minister Hun Sen, told reporters the pledge had been made during a meeting ...

http://www.phnompenhpost.com/index.php/2012071157342/National-news/china-to-lend-hand-in-battle-with-killer-virus.html

Tourism not hurt by outbreak

Cambodia’s tourism sector has emerged from a “mystery disease” scare unscathed, industry insiders said yesterday, although some regional health authorities noted what the World Health Organisation called an outbreak of Enterovirus-71 (EV-71), which has killed at least 52 children in the Kingdom. “The disease has only ...

http://www.phnompenhpost.com/index.php/2012071157336/Business/tourism-not-hurt-by-outbreak-insiders.html

Officer Suspended Over Land Program Graft

A local police official in Ratanakkiri province has been suspended for demanding money from villagers before adding their names to a list of people eligible for Prime Minister Hun Sen’s new land-titling program, police and villagers said yesterday. A total of 1,100 student volunteers are being ...

ASEAN Infrastructure Fund could be within Cambodia's reach

Access to the region’s largest collective financial resource, the ASEAN Infrastructure Fund, could be easier than expected for Cambodia, according to an Asian Development Bank economist. Initiated in May, the fund is expected to lend up to US$4 billion and leverage up to $13 billion for ...

http://www.phnompenhpost.com/index.php/2012071057314/Business/regional-fund-cambodia-adb.html

Toll Royal to Restart Rail Services Next Month

Less than four months after suspending work on Cambodia’s dilapidated railway network, Toll Royal Railways (TRR), the network’s operator, has informed the government that it will recommence transporting construction materials needed to build the southern line on Aug. 1, company officials said yesterday. The decision to ...

Prasac moves towards becoming a bank

Prasac, a leading micro-finance institution in Cambodia, had increased its registered capital from US$3.8 million to $20 million in preparation for its transformation into a commercial bank by 2014, the institution said yesterday. “The registration requirement of $37.5 million is a very small amount to ...

http://www.phnompenhpost.com/index.php/2012071057311/Business/prasac-moves-towards-becoming-a-bank.html

Cambodia carve-up under the spotlight

There were scenes of jubilation in Cambodia’s capital last month when a group of 13 imprisoned women – including a 72-year-old grandmother – was set free by an appeal court. The women were arrested in May during peaceful demonstrations against the forced eviction of thousands ...

http://www.atimes.com/atimes/Southeast_Asia/NG10Ae01.html

Clinton Visits in Cambodia

Secretary Clinton will arrive in Phnom Penh on July 11 to participate in regional conferences, to both chair and attend ministerial events and to participate in bilateral meetings with Cambodian officials. Regional conferences include the ASEAN Regional Forum, the East Asia Summit Foreign Ministers Meeting. ...

http://thesoutheastasiaweekly.com/

China to join ASEAN sea talks

China may not be in ASEAN, but it’s looking more and more like an honorary member – at least where the South China Sea is concerned. ASEAN foreign ministers yesterday took a significant step towards involving the burgeoning superpower in South China Sea discussions, adopting key ...

http://www.phnompenhpost.com/index.php/2012071057326/National-news/china-joins-sea-talks.html

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