The Phnom Penh Post
MFI Increases Loans as Economy Grows
As rising economic growth spurred demand for personal loans, Prasac, Cambodia’s biggest microfinance institution (MFI), provided $106 million in loans between March, 2012 and March, 2013, an increase of 66 per cent compared with the corresponding period a year earlier. “Loans [were] mainly used for service ...
http://www.phnompenhpost.com/2013041965111/Business/mfi-increases-loans-as-economy-grows.html
Salt Harvest Below Forecast
The Kep-Kompot Salt Producers Community says salt production fell nearly 50 per cent below forecasts because of early rainfall, which is assumed to end salt harvesting for the year. Prime Minister Hun Sen, however, has stepped in to ensure that price remains stable. Hun Sen ...
http://www.phnompenhpost.com/2013041965112/Business/salt-harvest-below-forecast.html
Holdings draw veil over Mfone
When the owner of Kingsland garment factory fled the Kingdom last year, enough pressure was applied to its sourcing companies H&M and Walmart to persuade them through their intermediaries to compensate workers left jobless. Distance could no longer absolve them of responsibility. Just like the Kingsland ...
http://www.phnompenhpost.com/2013041865106/Business/holdings-draw-veil-over-mfone.html
Tax revenues increase by 22.9 per cent
The Kingdom’s tax revenues increased by more than 20 per cent in the first quarter of 2012 compared with the same period last year. Officials said the rise reflects an influx of new buinesses and investments. Opposition lawmakers, however, claim that the numbers are still far ...
http://www.phnompenhpost.com/2013041265054/Business/tax-revenues-increase-by-22-9-per-cent.html
New car sales back on track
New car sales noticeably increased in the first quarter of this year, a contrast to the year earlier period when sales dropped compared with the first quarter of 2011, officials said. Major car dealers in Cambodia said yesterday the jump is due to improvements in ...
http://www.phnompenhpost.com/2013041265053/Business/new-car-sales-back-on-track.html
Vendors: food prices rise before Khmer New Year
The price of meat will be higher during Khmer New Year, with prices rising between 2,000 riel and 3,000 riel ($0.50 and $0.75) per kilogram, according to vendors. Som Sreymom, a pork vendor at Kandal market, said the price of pork would hit as much as ...
France looks to increase exports to the Kingdom
France said it plans to boost its exports to Cambodia as French foreign direct investment in the country – worth $3.18 million in 2012 – continues to rise, officials said on Wednesday. Among this year’s investments, concessions and construction company group Vinci, the largest building ...
Thousands drawn to Prey Lang
More than 10,000 families have poured into an area of Prey Lang forest in Kampong Thom province since January, clearing 20,000 hectares of trees to sell as luxury timber and building houses, Prey Lang Community Network members claimed yesterday. Many are believed to be from ...
http://www.phnompenhpost.com/2013041165034/National/thousands-drawn-to-prey-lang.html
Fishermen feeling the heat
Rising water temperatures are affecting fisheries and marine life, said several representatives of Cambodia’s aquaculture industry, and the effect is decreasing seed production and lowering aquaculture farmers’ productivity. Say Sorn, president of aquaculture seed production in Siem Reap province, told the Post yesterday that water temperature ...
http://www.phnompenhpost.com/2013041165024/Business/fishermen-feeling-the-heat.html
Water investors criticise return
Holders of shares in the Phnom Penh Water Supply Authority (PPWSA) have criticised the level of dividend payment that they will receive from the company. PPWSA, which is the only company listed on the Cambodia Securities Exchange (CSX), was to pay its first dividend to 1,500 ...
Hor Kimsay
http://www.phnompenhpost.com/2013041165029/Business/water-investors-criticise-return.html
Cambodia begins first agricultural census
Cambodia’s first-ever agricultural census is under way, tasked with addressing the lack of reliable statistical information on one of the Kingdom’s most crucial economic sectors. The census is being taken by the government with assistance from the UN’s Food and Agriculture Organisation (FAO) in two ...
http://www.phnompenhpost.com/2013041165027/Business/cambodia-begins-first-agricultural-census.html
Mfone employees seeking consistency
About 200 former Mfone employees gathered in front of the Thai embassy in Phnom Penh yesterday in protest over claims that Thaicom, the failed telco’s parent company, had paid Thai staff even though Cambodian staff were still owed compensation. Noun Sam Ath, a former sales executive, ...
http://www.phnompenhpost.com/2013041064982/Business/mfone-employees-seeking-consistency.html
Tiffany to polish diamonds
Luxury jewellery brand Tiffany & Co is building a diamond-polishing factory in Phnom Penh, as the company, which has enjoyed increasing sales, seeks to ensure it can continue supplying the diamonds it needs. Construction began last month on the 1.2-hectare factory, along with a training centre, ...
http://www.phnompenhpost.com/2013041064983/Business/tiffany-to-polish-diamonds.html
Forest activists say lives threatened
Two anti-logging activists who went into hiding yesterday have alleged that they received death threats from police because they set fire to logs cut from a protected area in Kratie province. The activists have been leading an increasingly confrontational campaign against Vietnamese firm Binh Phuoc Kratie ...
http://www.phnompenhpost.com/2013040964966/National/forest-activists-say-lives-threatened.html
Huawei withdraws injunction
Huawei Technologies (Cambodia) Co agreed yesterday to withdraw its injunction against Mfone in order to pave the way for a court-appointed administrator to sell the bankrupt company’s assets and compensate its many creditors. Along with other creditors, Huawei representatives expressed concerns that the assets would ...
http://www.phnompenhpost.com/2013040964953/Business/huawei-withdraws-injunction.html
Soldiers detain REDD forest patrol members
Community forest patrollers in Oddar Meanchey’s Samrong district say they were forced to return saws and timber they seized from illegal loggers after soldiers detained and threatened them on Sunday. The 27-member patrol, funded by development NGO Pact as part of the REDD+ carbon credit program, ...
http://www.phnompenhpost.com/2013040964964/National/soldiers-detain-redd-forest-patrol-members.html
Tourism not competitive
Cambodia ranks last in travel and tourism competitiveness among eight Southeast Asian countries, according to a recently published study by the World Economic Forum. The Travel and Tourism Competitiveness Report 2013, which excluded Laos and Myanmar, said Cambodia comes 106th out of 140 countries this year, ...
http://www.phnompenhpost.com/2013040964952/Business/tourism-not-competitive.html
Livelihoods felled by logging
The road to Srekor I village in Stung Treng province’s Sesan district is a bumpy one. The small discomfort caused by being jolted about on a motorcycle or being thrown around in a car, however, is offset by the striking scenery that surrounds a traveller ...
http://www.phnompenhpost.com/2013040964967/National/livelihoods-felled-by-logging.html
Seoul visit as tensions mount
In the light of growing tensions between North and South Korea, officials from the Ministry of Labour will head to Seoul on Thursday for a weeklong visit to inform Cambodian workers on emergency evacuation procedures. An estimated 25,000 Cambodians, a figure that includes roughly 5,000 illegal ...
http://www.phnompenhpost.com/2013040964963/National/seoul-visit-as-tensions-mount.html
ខុម ហ្វ្រែលស្នើឲ្យជ្រើសរើសមន្ត្រីបោះឆ្នោតដោយបើកចំហ
ភ្នំពេញៈ តំណាងគណបក្សនយោបាយ និងអង្គការសង្គមស៊ីវិល បានផ្តល់អនុសាសន៍ ដល់គណៈកម្មាធិការជាតិរៀបចំការបោះឆ្នោត(គជប) ឲ្យជ្រើសរើសតំណែងសមាជិកគណៈកម្មាធិការរាជធានី ខេត្តរៀបចំការបោះឆ្នោត ឲ្យមានការបើកចំហ។ ការព្រួយបារម្ភពីនីតិវិធី នៃការជ្រើសរើសសមាជិក គណៈកម្មាធិការរាជធានី ខេត្ត រៀបចំការបោះឆ្នោត គឺដោយសារមានសេចក្តីជូនដំណឹង របស់គណៈកម្មាធិការជាតិរៀបចំការបោះឆ្នោត ចុះថ្ងៃទី ២០ មីនាថា ត្រូវការជ្រើសរើសបុគ្គលិក ជាប់កិច្ចសន្យា រយៈពេលខ្លីចំនួន ៧៣៥ នាក់។ តំណែងប្រធាននៅគ្រប់ខេត្ត មិនមានការជ្រើសរើសឡើយ រីឯអនុប្រធាន នៅខេត្តមួយចំនួន ក៏មិនមានការជ្រើសរើសដែរ។ ចំពោះការទទួលពាក្យ និងឈប់ទទួលពាក្យ មានត្រឹម ៥ ថ្ងៃប៉ុណ្ណោះ គឺពីថ្ងៃទី៨ ដល់ថ្ងៃទី ១២ មេសា។ ...
ឆាយ ច័ន្ទនីដា
http://www.postkhmer.com/index.php/election-watch/96291-2013-04-09-02-10-39
Local palm oil exporter targets EU
Mong Reththy Group (MRG), Cambodia’s largest exporter of palm oil, hopes to expand its exports to European markets this year. Mong Reththy, president of the firm, said the quota-free and duty-free trade frameworks provided by European governments factored heavily into the decision. “About 50 per cent of ...
http://www.phnompenhpost.com/2013040964951/Business/local-palm-oil-exporter-targets-eu.html
Government tells telcos off
The Telecommunication Regulator of Cambodia (TRC) of the Ministry of Posts and Telecommunications issued warning letters to mobile operators Beeline and Smart over their recent advertisement, stating it violates the Inter-Ministerial Prakas, or edict, signed in 2009. The separate letters, obtained by the Post last week, ...
http://www.phnompenhpost.com/2013040864932/Business/government-tells-telcos-off.html
Rubber Fails: Court Halts Operations Of R’kiri Firm
The Phnom Penh Municipal Court on Thursday temporarily suspended the operations of Vietnamese rubber concessionaire Day Dong Yoeung, which has clashed with Jarai ethnic minorities in Ratanakkiri province’s O’Yadav district since late last year, after its previous manager was jailed on fraud charges, district governor ...
Joint visa with Laos not expected before 2015
A Lao government delegation visiting the Kingdom’s capital last week anticipates that a joint visa scheme that would allow entry to both countries on a single visa will take at least two to three years to implement. Manoxay Vilayhane, second secretary at the Lao embassy in ...