The Cambodia Daily
Property Tax to Generate $6M for Phnom Penh
- 10 August 2011
- The Cambodia Daily
- Phnom Penh
- agriculutral land / annual tax / Cambodia / City Hall Officials / commune officials / DFDL / DFDL managing director Edwin Vanderbruggen / district officials / Edwin Vanderbruggen / Edwin Vanderbruggen managing director of DFDL / exemptions / foreign embassies / Government / land / leased property / local officials / Managing Director of DFDL / municipality / National Values Association of Cambodia / NGOs / officials / Phnom Penh / Phnom Penh City Hall / Property / Property Registration / Property tax / Property Tax Initiative / property tax law / property value / revenue / state property / Sung Bonna / Sung Bonna president of the National Values Association of Cambodia / tax / tax department / tax registration
Phnom Penh City Hall has estimated it could receive about $6 million in revenue next year from property tax collection, which started recently. City Hall released some tax calculation methods on its website last week and said that “based on the estimation of the technical ...
Pay Off Officials, Risk Prison Stint, New Law Says
- 10 August 2011
- The Cambodia Daily
- Anti-corruption / Economy and commerce / Government / Law and judiciary
- ACU / American Chamber of Commerce / Anit-Corruption Law / Anti-Corruption / anti-corruption legislation / Anti-Corruption Unit / Anti-Graft Law / Anti-Graft Laws / ANZ / ANZ Bank / ANZ Royal Bank / Australia's Attorney General's Department / Australian aid / Bribery / Bribery Act / Bribes / British Business Association / British Business Association of Cambodia / business / Business Associations / Business Owners / business representatives / Cambodia / Cambodia Defenders Project / Cambodia's Anti-Corruption Law / CEO of ANZ Royal Bank / CEO of Sterling Project Management / Chamber of Commerce / corporate filings / Corruption / Counicl of Ministers / court / criminal offense / cunstoms / customs clearance rates / customs officials / donor / donor agencies / facilitation fee / facilitation fees / FedEx / Fees / Firms / Foreign Corrupt Practices Act / foreign officials / Gary Sterling / Gary Sterling CEO of Sterling Project Management / Government / government experts / government official / Government officials / illegal payments / Im Oudom / informal transactions / International Business Chamber / investor / Investors / jail / kickbacks / King Norodom Sihamoni / Kirth Chantharith / Kirth Chantharith spokesman for the National Police Commissariat / law / lawyers / legal articles on corruption / legal expert / legal experts / Legislation / National Police Commissariat / new law / New Legislation / officials / payment / payments / Penal Code / Police / police officials / private firms / public official / public officials / Sean McIntosh / Sean McIntosh US Embassy spokesman / Secretariat of the Council of Jurists / Sok Sam Oeun / Sok Sam Oeun executive director of Cambodia Defenders Project / Stephen Higgins / Stephen Higgins CEO of ANZ Royal Bank / Sterling Project Management / The Australian Business Association / The Australian Business Association of Cambodia / undocumented fees / undocumented payments / US Embassy / US Embassy spokesman Sean McIntosh
The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...
Defiance Greets World Bank's Funding Freeze
- 10 August 2011
- The Cambodia Daily
- Aid and development / Economy and commerce / Multilateral development assistance / World Bank
- Annette Dixon / Annette Dixon World Bank Country Director / bank / Boeng Kak / Boeng Kak Lake / Boeng Kak Lake Area / Boeng Kak Lake residents / Boeng Kak land case / Cambodia / Cheam Yeap / Cheam Yeap chairman of the National Assembly's Commission on Economy / Chinese aid / Council of Ministers / Council of Ministers spokesman Phay Siphan / country funding / CPP / CPP lawmaker Cheam Yeap / Development / donor / donors / Erdeos Hong Jun Investment Co / Erdos Hong Jun Investment / EU / European Union aid / evictions / finance / Finance Ministry / foreign investment board / foreign investor / foreign investors / Funding / funding freeze / Government / Government officials / Housing / Housing Rights Groups / Hun Sen / International Committees / Japanese aid / Korea / land / land titling / Lending / lending conditions / misappropriated money / Money / National Assembly / National Assembly's Commission on Economy / Phay Siphan / Phay Siphan Council of Ministers spokesman / Phnom Penh / prime minister / proposed projects / Real estate / real estate project / Union / World Bank / World Bank Country Director / World Bank Country Director Annette Dixon / WorldBank-supported projects
Government officials yesterday dismissed the World Bank’s recently revealed decision to freeze funding for new projects in Cambodia to protest a Phnom Penh real estate project that has forced thousand of families out of their homes. A housing rights group closely following the evictions said ...
Economic Census Sheds Light on Businesses
- 9 August 2011
- The Cambodia Daily
- Agriculture and fishing / Censuses / Economy and commerce
- Agro-business company / Animal feeds production / Battambang / Battambang Province / bricks / bus transportation / business / Cambodia / Cambodian businesses / casinos / cement / census / Chhay Than / commercial zone / drinking water / economic activities / economic census / Economics / fish sauce / food production / Footwear / garment / garment manufacturing / garments / gold / gold mining / guesthouses / Hotels / hydroelectric / hydroelectric power / hydroelectric power generation / hydroelectric power generation satation / Indonesia / industries / industry / Japan International Cooperation Agency / Japanese aid / Kampong Cham / Kampong Cham procince / Kampot / Kampot Province / Kandal / Kandal p / Kep / Koh Kong / Koh Kong Province / Kompong Cham / Kompong Cham Province / machinery / mining / mining exp0loration / Ministry of Planning / Mondokiri Province / mondolkiri / Oddor Meanchey / Oddor Meanchey Province / Pailin / Pailin Province / Phnom Penh / Planning Minister / Planning Minister Chhay Than / Ratanakiri / Ratanakkiri Province / rice / rice milling / Road construction / rubber / sea transport / sea transportation / Siem Reap / Stung Tren Province / Stung Treng / sugar cane / Takeo / Takeo Province / timber / timber manufacturing / Tourism / transport / Transportation / workers
The Ministry of Planning yesterday released the preliminary results of the 2011 economic census, which found that Cambodia has a total of 503,008 businesses nationwide, of which nearly 20 percent are based in Phnom Penh. The census, which began on March 1 and was financed ...
Microfinance Deposits and Loans Grow
- 9 August 2011
- The Cambodia Daily
- Economy and commerce
- ACLEDA / ACLEDA Bank / bank / borrowers / Cambodia / Cambodia Microfinance Association / Deposits / finance / financial statements / Hattha Kaksekar Ltd / Hout Ieng Tong / Hout Ieng Tong general manager of Hattha Kaksekar Ltd / Hout Ieng Tong vice president of the Cambodia Microfinance Associantion / lenders / loans / Microcredit / Microfinance / Microfinance Institution / Microlenders / National Bank of Cambodia / Ngoun Sokha / Ngoun Sokha director-general of the National Bank of Cambodia / non-performing loans / offshore loans
Outstanding loans among micro-credit institutions increased by 6.7 percent to $505.46 million in the second quarter of this year compared to the first quarter, figures from the Cambodia Microfinance Association show. According to the data, deposits held by Cambodia’s 27 microlenders grew by 33.2 percent ...
President of Chamber of Commerce Is Re-Elected
- 9 August 2011
- The Cambodia Daily
- Economy and commerce
- ANZ / ANZ Royal Bank / Cambodia / Cambodia Chamber of Commerce / Chamber of Commerce / Elections / foreign investment / human resources / Investment / Investors / Kith Meng / Kith Meng Royal Group / Kith Meng Royal Group Chairman / Lim Bung Seng / MobiTel / Oknha Kith Meng / Phnom Penh / President of Chamber of Commerce / provincial chamber of commerce / provincial chambers of commerce / Re-Elected / Royal Group
The Cambodia Chamber of Commerce re-elected Royal Group chairman Kith Meng for his second three-year term as president yesterday. The presidents of 11 provincial chambers of commerce voted for Mr Meng, who is also president of the Phnom Penh Chamber of Commerce. ...
World Bank Halts Funds Over Evictions
- 9 August 2011
- The Cambodia Daily
- Aid and development / Economy and commerce / Multilateral development assistance / World Bank
- aid / Annette Dixon / Annette Dixon World Bank Country Director / Boeng Kak Lake / Boeng Kak Lake residents / Cambodia / Chinese / Council of Ministers / CPP / CPP Senator Lao Meng Khin / EC / Erdos Hong Jun Investment / European Commission / eviction / evictions / forced evictions / Funding / funds / Government / Government officials / Housing Rights Groups / Independent Report / land / Land Law / land sector / Land titles / land titling / Lao Meng Khin / legal obligations / Lending / loan / on-site housing / Phay Siphan / Phay Siphan Council of Ministers spokesman / Phnom Penh / Rafael Dochao Moreno / Real estate / Resettlement / Senator Lao Meng Khin / Shukaku Inc / Washington / World Bank
The World Bank has frozen funding to Cambodia, making good on its threat in March to reconsider aid levels to Cambodia in response to the ongoing eviction of thousands of Phnom Penh families from Boeng Kak lake, a Bank official confirmed yesterdaySome 3,000 families have ...
90 Garment Factory Workers Faint Over Two-Day Period
- 8 August 2011
- The Cambodia Daily
- Human rights / Social development
- Cambodia / Chea Mony / Chea Mony President of the Free Trade Union / Free Trade Union / FTU / garment factory workers / Human Rights group / Huy Hansong / labor conditions / Mak Hong / Mak Hong Sen Sok district police chief / Ministry of Labor / Oum Mean / Oum Mean secretary of state at the Ministry of Labor / Phnom Penh Thmei / Police / Sen Sok / union officials / working conditions / Zhen Tai / Zhen Tai Garment (Cambodia) Co Ltd
About 90 garment factory workers fainted over a two-day period last week at Zhen Tai garment factory in Sen Sok district’s Phnom Penh Thmei commune, union officials and police said yesterday, though accounts of what caused the mass fainting differed. Thirty workers first fainted on ...
Rising Consumer Prices Draw Hunderds to Protest for Action
- 8 August 2011
- The Cambodia Daily
- Aid and development / Asian Development Bank (ADB) / Labor / Multilateral development assistance
- Asian Development Bank (ADB) / Cambodia / Cambodian National Confederation for Laborers Protection / CNCLP / CNCLP President Sath Chheanghour / Economics / Export / factory workers / Finance Ministry / Food prices / fuel prices / Government / Hund Sen / Inflation / inflation rate / International Monetary Fund / livestock / National Institute of Statistics / oil / oil companies / Phnom Penh / prime minister / Prome Minister Hun Sen / rising costs / Sath Chheanghour / taxi drivers / World Bank
Some 200 factory workers and taxi drivers protested in Phnom Penh yesterday morning to demand that the government take action to curb the rising costs of food and fuel, and threatened larger demonstrations if it failed to actAccording to figures released by the National Institute ...
Sub-Decree to Require Licenses fro Tour Guides
- 8 August 2011
- The Cambodia Daily
- Industries / Tourism
- Cambodia / department of tourism / education and training department / Government / Government-Private Sector Tourism Working Group / guides / Ho Vandy co-president of the Government-Private Sector Tourism Working Group / Licenses / Ministry of Education / Ministry of Tourism / Ministry of Tourism police / regulate / Ten Ratana / The Council of Ministers / Tith Chantha / tour guides / Tourism / Tourism Ministry / tourism sector / tourism training program / Training / training courses / training program
The Council of Ministers on Friday approved a sub-decree requiring tour guides to obtain licenses from the government in an effort to regulate and improve quality of service in the tourism sector. The sub-decree aims “to define the procedure to manage tourist guides,”and requires current ...
Teenager Rescued From T&P Training Center
- 8 August 2011
- The Cambodia Daily
- Human rights / Social development
- Battambang / Battambang Province / Century Manpower / CLEC / Community Legal Education Center / deputy police chief Prak Saony / domestic servant / education / education center / Hagar / head of Community legal Education center's labor program / Human Rights group / job recruitment agency / Kompong Chhnang / Kompong Chhnang porvince / Kompong Chhnang province deputy police chief Prak Saony / Labor Minister / LICADHO / Malaysian aid / Migrant Workers / migrant workers' rights / Moeun Tola / NGO / Phnom Penh / Police / Prak Saony / Ratanakkiri / Ratanakkiri Province / recruitment / recruitment agency / T&P Co Ltd / training center / underage / underage recruiting / Ung Rithy Group / Vong Sauth / Vong Sauth Labor Minister / workers rights
Police and a human rights group said they rescued a 15-year-old girl from the training center of an overseas job recruitment agency in Kompong Chhnang province on Saturday. A rights worker said two more underage girls had been saved from being sent abroad to work ...
Visitors to Angkor Up 25 Percent in First Six Months
- 5 August 2011
- The Cambodia Daily
- Economy and commerce / Siem Reap
- Angkor Wat / Apsara Authority / Archaelogical Park / Ministry of Tourism / Siem Reap / Tith Chantha / Tourists / Visitors
The number of visitors to Siem Reap’s Angkor Archaelogical Park in the first six months of the year increased about 25 percent over the same period last year, according to figures released yesterday by the Apsara Authority, which runs the site. According to the figures, ...
Business Registrations Up 34% This Year
- 5 August 2011
- The Cambodia Daily
- Economy and commerce
- Businesses / Cambodia / Cambodia Institute of Development Study / Economic Institute of Cambodia / Food industry / Kang Chandararot / Khin Pisey / Ministry of Commerce / Nguon Meng Tech / Phnom Penh / Phnom Penh Chamber of Commerce / Registration
The number of businesses that registered at the Ministry of Commerce during the first seven months of this year increased 34 percent compared to the same period last year, according to ministry figures released yesterday. According to the data, in the first seven months of ...
Newly Paved Road Expected to Up M’kiri Trade
With the paving of the road from Sen Monorom City to a planned international border crossing with Vietnam recently completed, cross-border trade in the area is expected to rise, officials said. Chinese-owned company Roch China Construction finished paving the 32-km road last month using a ...
Economic Plan for Mekong Region Gets Finalized
- 5 August 2011
- The Cambodia Daily
- Economy and commerce
- ADB / AIDS / Asian Development Bank (ADB) / Burma / Cambodia / Cham Prasidh / Chhen Kimlong / Chinese aid / Education gap / HIV / Human resource development / Infrastructure projects / Laos / Mekong region / Ministerial meeting / Ministry of Commerce / Obstacles / Peace Palace / Phnom Penh / Putu Kamayana / Rural development / Thailand / Trade expansion / University of Cambodia
Ministers from the six Mekong region nations concluded a two-day meeting yesterday in which they solidified plans for an economic strategy that would span a decade and require billions in investment. Speaking at Phnom Penh’s Peace Palace at the annual ministerial meeting, Minister of Commerce ...
B’bang Protesters Seek Help in Land Dispute
About 60 villagers from Battambang province’s Sampov Loun district gathered in Phnom Penh’s Wat Botum Park yesterday to prtotested against a 4,065-hectare land concession granted to a company for agriculture development. Korng Sokheng, a representative for 1,850 families, said villagers submitted a petition to Prime ...
Fixed-Duration Contracts Threaten Garment Industry
- 5 August 2011
- The Cambodia Daily
- Agriculture and fishing / Economy and commerce / Labor / Labor policy and administration
- Annual leave / Bonuses / Cambodia / Community Legal Education Center / Contracts / Factories / FDCs / Fixed-duration Contracts / Full-time / Garment Manufacturers Association in Cambodia / GMAC / International Labor Standards / Ken Loo / labor / Maternity leave / Moeun Tola / Regular / UDCs / Undetermined duration contracts / Yale Law School
Cambodia’s garment sector is in danger of losing its reputation for adherence to international labor standards because of the widespread use of “abusive temporary labor contracts,” according to a report released by Yale Law School on Wednesday. “Cambodian garment manufacturers have adopted the practice of ...
Plans Name Developer of Sisowath Quay Site
- 5 August 2011
- The Cambodia Daily
- Economy and commerce
- Ancient Artifacts / Apartments / Architectural plans / Builders / Cambodia / Chhay Rithisen / Chhun Leang / Cultural Heritage / Ecole francaise dÉxtreme-Orient / FCC / Foreign Correspondents Club / French colonial-era buildings / Jean-Marc Khao / Kep Chuktema / machinery / Ministry of Commerce / Ministry of Land Management / Moul Narin / Oliver de Bernon / Phnom Penh / Phnom Penh City Hall / Police / Prak Sideth / Property Development / Sam Ang Vattanac / Sam Ang Vattanac Company / Sisowath Quay / Sok Sambath / Structural Damage / Vattanac Bank / Vattanac Properties Ltd
Architectural plans of a property development that is blamed for causing structural damage to French colonial-era buildings on Phnom Penh’s Sisowath Quay show drawings of a five-story residential building, complete with underground car parking. According to the plans, dated July 11, the mysterious company behind ...
Low Funds May Have Led to CPI Suspension
- 4 August 2011
- The Cambodia Daily
- Economy and commerce
- Caltex / Chea Peng Chheang / Consumer Price Index / CPI / Gasoline / gold / Gold Prices / Inflation / Ly Dara / Markets / Ministry of Economy and Finance / Ministry of Planning / Money / Ouk Rabun / Sam Saroeun / SBJ-Cambodia / Singapore / Sokimex / Total
An official at the Ministry of Planning said yesterday that a lack of funds may be to blame fo the Ministry of Finance and Economy suspending the publication of June’s consumer price index. Sam Saroeun, deputy director of the statistics department at the Ministry of ...
City Hall Calls On Angkor Beer Promoters to Protest Peacefully
- 4 August 2011
- The Cambodia Daily
- Economy and commerce / Labor / Labor arbitration
- Am Sam Ath / Angkor Beer / Arbitration Council / Bayon Clinic / Cambodian Food and Service Workers Federation / Cambrew Ltd / LICADHO / Ministry of Labor / Ou Tephalin / Pa Socheatvong / Phnom Penh / Phnom Penh City Hall / Police / Protest / Protestors / Sarin Penara / Y SAmphy / Yoeun Sry Mom
Phnom Penh City Hall yesterday warned Angkor Beer promoters to protest peacefully until a resolution could be reached on their pay claims, a union representative said. Protests held by the Angkor Beer promoters turned violent on Tuesday evening, with one promoter hospitalized after protestors clashed ...
Two Khmer Papers Told to Halt Publishing
The Ministry of Information on Tuesday ordered two Khmer-language newspapers owned by the same publisher to halt publication for failing to follow ministry rules. In a notice signed by Minister of Information Khieu Kanharith, Phnom Penh-based The Water and Fire News and The World newspapers ...
Mass Evictions Loom for Wildlife Sanctuary
- 4 August 2011
- The Cambodia Daily
- Agriculture and fishing / Economic land concessions and plantations / Economy and commerce / Environment and natural resources / Environmental and biodiversity protection / National parks and wildlife sanctuaries / Protected forest / Rubber
- Adhoc / Cambodia / concessions / evictions / Forests / Human Rights group / Iv Saphum / Kratie Province / Ministry of Environment / Mondolkiri Province / National Road 76A / Pan Hieb / Rubber Companies / Snuol Wildlife Sanctuary / Sovannvuthy Rubber Company / wildlife / Wildlife Sanctuary
Ms Sam On, 37, has already lost her house. It was one of three homes razed in April by Kratie provincial military police, environment officials and workers of the Sovannvuthy rubber company, after a tense stand-off with about 100 villagers that villagers said ended with ...
B Kak Firm Seeks Bauxite in Mondolkiri
- 4 August 2011
- The Cambodia Daily
- Economy and commerce / Energy / Energy policy and administration / Extractive Industries / Extractive industries policy and administration / Generation and distribution facilities / Industrial mining / Minerals and mineral products / Mining
- Alumina / Aluminum / BHP / BHP Billiton / Boeung Kak Lake / Cambodia / Cambodia International Investment Development Group / Dave McCracken / Diplomatic Cables / Exploration License / Feasibility study / Hun Sen / Kong Pisith / Mines and Energy / Ministry of Industry / Mondolkiri Province / Mongolia Erdos Hongjun Holding Group / Nget Vanfor Resource Revenue Transparency / NGOs / O'Reang district / Phnom Penh / Prime Minister Hun Sen / Processing Facility / Sann Dy / Sen Monorom City / Sok Leng / Suy Sem / United States of America / US / USA / wikileaks
Bauxite reserves in Mondolkiri province abandoned by Australian mining form BHP Billiton in 2009 are now being explored by China’s Mongolia Erdos Hongjun Holding Group, the same firm that is behind the controversial development of Boeng Kak lake in Phnom Penh. Kong Pisith, director of ...
Officials to Enforce Court Order to Halt Bassac Garden Work
- 3 August 2011
- The Cambodia Daily
- Economy and commerce / Judiciary and courts
- Bassac Garden City / Cambodia / Chamkar Mon / Development / Ke Sakhorn / Lo Yuy / Ou Pov / Phnom Penh / Phnom Penh Muncipal Court / Reak Reay / Tann Mengsroy / Tonle Bassac
Further development of Bassac Garden City is to be halted after a court order was issued. This means that no more “construction, selling, renting, pawning, giving as donation, bequeathment or transference of ownership of the 3,000 square meters of land,” can happen. There is currently ...