News
Borei Keila Evictees Protest Delayed Court Hearing
About 20 former residents for the Borei Keila community protested outside the Phnom Penh Municipal Court yesterday after a judge delayed a hearing regarding their land dispute with the powerful Phanimex company, a lawyer for the residents said. The residents filed a complaint against Phanimex ...
Act on environment, UN urges
The government needs to enforce legislation on protecting the environment, even as it gives away masses of land and resources in concessions, or risk jeopardising its economic future, the UN assistant secretary-general for disaster risk reduction said yesterday. “The most critical impact of disasters today is ...
http://www.phnompenhpost.com/index.php/2012042755821/National-news/act-on-environment-un-urges.html
Chut Wutty slain: another chapter in bloody history
With his slaying yesterday in the jungles of Koh Kong province, Chut Wutty becomes one of the highest-profile members yet on a dark list of Cambodian activists who have been killed for making a stand against greed and corruption. Although the details of his death remain ...
Chut Wutty's wife says he was target for murder
The wife of slain environmental activist Chut Wutty today rejected early police accounts of the circumstances around his shooting death, saying she believed he had been targeted for death for his work in protecting Cambodia’s endangered forests. Speaking to the Post by phone, 40-year-old Sam Chanthy, ...
Tonle Sap illegal fishing increased, group says
Tonle Sap fishermen and fisheries experts said yesterday that illegal fishing on the lake had increased substantially since Prime Minister Hun Sen cancelled commercial fishing lots in March and urged authorities to crack down on violators. The prime minister suspended commercial lots across the country last ...
Cambodia, Japan team up to diversify economy
Government officials have joined forces with Japanese experts to formulate a new plan for economic diversity in Cambodia. Foreign direct investment in Cambodian industry has largely gone to garment manufacturing during the past 10 years, putting the country at risk of economic shock in the event ...
Puma wants facts behind governor's charge
German sportswear brand Puma is seeking information on why the Svay Rieng Provincial Court decided to charge former Bavet City Governor Chhouk Bundith with causing unintentional injuries, a Puma representative said yesterday. Mr Bundith is the sole suspect in a shooting in Bavet City on February ...
Trading volume drops on new Cambodia Securities Exchange
The Cambodia Securities Exchange has seen a sharp decrease in action this week, with trading volume yesterday falling to 3,453 shares, down nearly 100 per cent from Monday. Despite the drop, which was accompanied by a strong shift from institutional to retail investors, experts have stressed the time ...
http://www.phnompenhpost.com/index.php/2012042755811/Business/trading-volume-drops-on-new-csx.html
Cambodian officer killed environment activist then took own life, army says
The Cambodian military has concluded that one of its own police officers killed a prominent environmentalist then took his own life in an incident in a forest rife with illegal logging. Chut Wutty had been taking photographs on Wednesday in a forest where a Chinese company ...
http://www.guardian.co.uk/world/2012/apr/27/cambodian-soldier-environment-activist-army?INTCMP=SRCH
Malaria cases up among laborer community
Cambodia has made real progress in decreasing cases of malaria – already surpassing the Millennium Development Goal for malaria four years ahead of the 2015 target – but certain communities still face major challenges in combating the disease, officials said yesterday on World Malaria Day. Although ...
High electricity rates spark Kompong Cham protest
Residents in Kompong Cham province’s Kompong Siem district yesterday continued to protest in front of a commune official’s house for a second straight day over a private electricity provider whose rates they say are too high. Protesters say that Loun Sopheap Electric Company is still charging ...
Sihanoukville Port plans to list on stock exchange in July
While the Phnom Penh Water Supply Authority’s (PPWSA) share price continued to fall yesterday, a second state firm came a step closer to joining it on Cambodia’s nascent stock exchange by announcing plans to register by the end of July. At a ceremony marking the first ...
Bandwidth boost underway
Fuelled by downward pressure on internet pricing, state-owned Telecom Cambodia had dramatically increased its fibre-optic link with Vietnam, officials and experts said. The new 10-gigabyte connection would further lower prices and boost the speed of Cambodian internet connections in a market where demand for bandwidth was driven by ...
http://www.phnompenhpost.com/index.php/2012042655784/Business/bandwidth-boost-under-way.html
Thai protesters rally against Xayaburi dam construction
Protests over construction of the controversial Xayaburi hydro dam project in northern Laos could spread from Thailand to Cambodia as communities along the Mekong River begin to feel its negative effects, an International Rivers programme director said yesterday. About 70 Thai villagers who rely on the ...
Environmental activist Chut Wutty shot dead
Cambodia’s most outspoken activist against illegal logging was shot dead today while escorting journalists near a protected forest in Koh Kong province, where he has repeatedly attempted to expose illegal logging rackets that include military officials. Chut Wutty, the director of Natural Resource Protection Group, was ...
Cashew nut harvest likely to decline
As the end of this year’s cashew harvest nears, the yield in two major producing provinces has fallen compared with last year, officials and farmers said, while traders said that the price of the nuts had also dropped since last year. In Kompong Cham province, this ...
Stocks still an unknown for many Cambodians
Despite interest in participating in the stock market, confusion as to how and where to invest in the Cambodia Securities Exchange still persists among many Cambodians without close ties to or backgrounds in trading. After the much-anticipated and long-delayed launch of CSX trading last week, Soun Sokret, an ...
Stock trading sees first glitches
Share prices on the Cambodia Securities Exchange yesterday fell for the first time since trading began a week ago, as technical problems reportedly caused a 90 per cent drop in the amount of shares traded. Phnom Penh Water Supply Authority shares dropped 4.9 per cent to 9,700 riel (US$2.44). The ...
http://www.phnompenhpost.com/index.php/2012042555750/Business/csx-sees-first-trading-glitches.html
Beeline officials mum on sales buzz
Questions remained yesterday about the fate of mobile operator Beeline Cambodia following the sale of parent company Vimpelcom’s Vietnamese assets earlier in the week. Despite a report on Tuesday in the Russian newspaper Kommersant that sources close to Vimpelcom’s shareholders had said the sale of Cambodian operations was under consideration, company officials ...
Hun Sen aims to attract more Japanese money
Japan’s Sumi Wiring Systems Co Ltd launched production of automobile wiring this month, a company official said yesterday. Japanese companies such as Sumi and Minebea, a ball-bearings maker, have helped Cambodia’s manufacturing industry diversify away from garments, the country’s main manufacturing product and export, and Prime Minister Hun Sen ...
Demand slow for Phnom Penh office space
Slow demand for office space in Phnom Penh is leaving the owners of high-rise buildings constructed in recent years struggling to find clients, according to real estate experts. But construction of the Vattanac Capital Tower, a $150 million, 36-story building slated to open its first ...
Milled rice exports gaining traction
The tonnage of the Kingdom’s milled-rice exports jumped nearly 50 per cent year-on-year in the first quarter, according to the Ministry of Commerce, with export revenues soaring as much as 82 per cent. Total exports of milled rice for the first three months of 2012 hit ...
SH protesters to keep striking
More than 700 workers at the SH International factory in the capital’s Po Sen Chey district have vowed to keep striking, despite the Ministry of Labour saying it could not help solve their dispute because their demands were “excessive”. The workers protested again yesterday outside the ...
Police, villagers clash over CPP land dispute
Villagers and police clashed Sunday after excavators moved in to prepare work on a disputed plot where authorities will build a CPP commune office in Stung Treng City’s Preah Bat commune, officials said yesterday. Hou Sam Ol, provincial monitor for local rights group Adhoc, said Stung ...