News

Young chief vs the system

Tek Nim is well versed in dealing with adversity. In year nine, she dropped out of school, began working on the family farm and finally became resigned to the belief that her brightest prospect was to leave Omlaing commune, in Kampong Speu province’s Thpong district, ...

http://www.phnompenhpost.com/index.php/2012070357164/National-news/young-chief-vs-the-system.html

Office space growing as more firms set up shop in Phnom Penh

The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...

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

4000 Garment Workers Protest Over Severance Pay

Two garment workers were injured yesterday during a factory protest in Kandal province when they clashed with 50 police and military police, a union representative said. About 4,000 garment workers of Tai Yang Enterprises in Ang Snuol district held a protest to demand their severance payments ...

Sihanoukville port sees steady growth

Revenue at Sihanoukville Autonomous Port increased 13.6 per cent year on year between January and June, port officials confirmed yesterday. As the state-owned enterprise gears up for listing on the Cambodia Securities Exchange, the neighbouring Sihanoukville Special Economic Zone will play an increasingly important role in ...

http://www.phnompenhpost.com/index.php/2012070357157/Business/sihanoukville-port-growth.html

Villagers in Land Dispute Protest Against Firm

More than 100 villagers involved in a land dispute with an import-export company in Pursat province’s Veal Veng district protested Sunday against the firm’s alleged attempts to stop them from farming the area, officials and villagers said. Meas Sarin, one of the protesters, said that about ...

Prudential granted approval by ministry

Prudential Corporation Asia yesterday received “in-principle” approval from the Ministry of Economy and Finance to establish a foreign-owned life insurance operation in the country, an official statement from the company said. The announcement comes after Canadian life insurance giant Manulife on Thursday made public plans for ...

http://www.phnompenhpost.com/index.php/2012070357155/Business/prudential-granted-approval.html

Piaggio to return to Cambodia with legendary Vespa scooters

Europe’s largest manufacturer of two-wheeled vehicles, Italy’s Piaggio, will return to Cambodia in September, being absent since the Khmer Rouge takeover. Vespa Cambodia Co Ltd, part of Narith Long’s Narita group, signed an exclusive distribution agreement with Piaggio last month to distribute its Piaggio scooters, ...

Anthony Galliano, P. 9
http://www.phnompenhpost.com/index.php/2012070357156/Business/piaggio-cambodia-vespa.html

Australia Mine Company drills diamond in Cambodia

Renaissance Minerals Limited listed in ASX (Australian stock exchange under code: RNS) on June 26 announced the results of its first three drill holes from its inaugural diamond drilling program at the highly prospective Okvau Gold Deposit in Cambodia. An existing independent JORC-compliant indicated and inferred resource estimate has already been defined at the Okvau ...

http://thesoutheastasiaweekly.com/

Photographer Tim Page Swaps War for Land in New Project

The job couldn’t have been more different from the kind that drew Tim Page to Cambodia and Vietnam in the 1960s. The mud, wet boots and sleepless nights described in several of his books were cast aside for an air-conditioned SUV, a laptop and a phone. ...

Cambodia ripe for more exports

Cambodia offers plenty of opportunities for Vietnamese exporters although there is intense competition from countries such as Thailand and China, delegates said at a conference in HCM City last Thursday. Le Quoc Phong, general director of the Binh Dien Fertiliser Group, said the Cambodian market had ...

http://vietnamnews.vnagency.com.vn/Economy/226853/cambodia-ripe-for-more-exports.html

Land volunteers on way: PM

Prime Minister Hun Sen said yesterday 700 volunteers from the Cambodian People’s Party had fanned out across eight provinces to measure properties and provide titles to villagers who have been displaced by land disputes. Speaking to about 10,000 villagers in the Kroch Chhmar district of Kampong ...

http://www.phnompenhpost.com/index.php/2012070257144/National-news/land-volunteers-pm.html

Chevron aims for 2016

Oil production in Cambodia may not begin until 2016, or at least three years after the originally appointed date, Chevron officials reportedly said at a Ministry of Environment meeting on Friday. Government officials yesterday confirmed the feasibility of the time frame. If Chevron Overseas Petroleum Cambodia gained ...

http://www.phnompenhpost.com/index.php/2012070257137/Business/chevron-aims-2016.html

Cambodia's gems and jewelry sector set to shine

Inside a nondescript villa in central Phnom Penh, men and women in white lab coats peer through lenses, carefully studying the magnified objects in front of them. But these aren’t biologists researching cell division or bacteria; these are gem testers concerned with inclusions and refractive indices on rubies, sapphires and other precious stones. They are working ...

http://www.etmcambodia.com/blog.php?article=499

Hun Sen Calls on Public to Help Protect Tonle Sap Fisheries

Prime Minister Hun Sen yesterday marked National Fish Day by urging the public to report anyone fishing inside the Tonle Sap conservation area he established earlier this year to help protect and revive the lake’s vital fish stocks. “People have to dare to stand up and ...

Ahead of Titling, Hun Sen Urges Swift Resolution to Land Disputes

Prime Minister Hun Sen yesterday urged people to resolve their own land disputes to aid the progress of an ambitious land-titling project announced earlier this month. Speaking at an event in Kompong Cham province’s Kroch Chhmar district to mark National Fish Day, Mr. Hun Sen thanked ...

Free Trade Union breaks from ally

Free Trade Union president Chea Mony has announced that his union will leave the Cambodian Confederation of Unions and sever all ties with its long-time ally, the Cambodian Independent Teachers’ Association. In a letter to Minister of Labour Vong Sauth, dated June 27 and obtained by ...

http://www.phnompenhpost.com/index.php/2012070257149/National-news/free-trade-union-breaks-from-ally.html

'Hong Kong Land' Project Pushed Back to 2013

Property development firm Hongkong Land (HKL) will not break ground on a 10,700-square-meter mixed-use office and retail project in Phnom Penh’s Daun Penh district until at least 2013, officials at the firm said Thursday. HKL acquired the property behind the U.S. Embassy in April 2011 as ...

Regional courts of appeal on horizon

A new system of regional appeal courts is moving closer to reality as the Ministry of Justice attempts to resolve the bottleneck of appeals in the justice system, officials said yesterday. Currently, appellants can wait up to five years or more to have their cases heard ...

http://www.phnompenhpost.com/index.php/2012070257145/National-news/regional-courts-of-appeal.html

Cambodian Workers Get Passports Back, Return Home

Fifty-eight Cambodian migrant workers, 40 of whom who were reportedly arrested and beaten by the police in Thailand’s Songkla province last month, returned to their home provinces on Saturday after their employer gave back their passports, said a worker representative yesterday. “We don’t know yet if ...

Boutique hotels rising

An increasing number of boutique hotels are appearing in Cambodia and attracting foreign investment, insiders say, including a US$2 million investment in the Governor’s House, a newly opened, 10-room boutique hotel in Phnom Penh. The number of boutique hotels in Cambodia has increased rapidly, particularly in ...

http://www.phnompenhpost.com/index.php/2012070257135/Business/boutique-hotels-cambodia.html

National Budget

In 2011, the actual amount of domestic revenue collected during the year did not reach the set target, while actual budget expenditure exceeded the planned amount. As a result, the overall budget deficit grew to 7-3 percent of GDP in 2011. For 2012 and 2013, while the execution of ...

http://www.etmcambodia.com/

New Cambodian rice federation elects president

The Federation of Cambodia Rice Exporters, a new government-backed association of rice exporters which aims to bring together all the players in the rice sector to boost exports, formed on June 21 and elected Kim Savuth, president of Khmer Food Co., as its first president. The election saw Kim Savuth receiving 53 of ...

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

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