The Phnom Penh Post

Microfinance deal applauded

The National Bank of Cambodia (NBC) and a microfinance industry insider applauded one of Cambodia’s top 10 MFIs Sathapana Limited, for changing the majority shareholder to a commercial bank. They said it proves a positive and strong funding source is essential for MFIs to peruse their ...

http://www.phnompenhpost.com/index.php/2012110659588/Business/the-national-bank-of-cambodia-hails-a-top-local-firm.html

Cop nabbed in timber bust

The Anti-Corruption Unit has arrested a military police officer accused of involvement in an illegal luxury timber racket in Pursat province’s Krakor district – an area where government investigators conceded that complicity by the powerful was rife. On Saturday, the anti-graft agency arrested military police officer ...

http://www.phnompenhpost.com/index.php/2012110559576/National-news/cop-nabbed-in-timber-bust.html

Ministry on trail of the apple snail

The Ministry of Agriculture, Forestry and Fisheries, along with Prey Veng provincial agriculture experts and villagers in Svay Ourntor district, are taking measures to eradicate golden apple snails, which feed on rice seedlings, agriculture officials said. According to Prey Veng agriculture chief Ouk Samnang, only a ...

http://www.phnompenhpost.com/index.php/2012110559567/National-news/ministry-on-trail-of-the-apple-snail.html

Job fair attracts a big crowd

Officials confirmed there were more than 20,000 participants at the job fair on Saturday organised by the National Employment Agency of the Ministry of Labour and Vocational Training, which was held in an effort to educate job seekers about current opportunities. Sokkhon David, acting director of information ...

http://www.phnompenhpost.com/index.php/2012110559560/Business/job-fair-attracts-a-big-crowd.html

P Vihear officials under investigation

Two senior officials in Preah Vihear under investigation by the Anti-Corruption Unit have been removed from their posts, including a tax officer who it is alleged had gotten away without officially stamping tax forms for an entire year, the ACU announced on Friday “We found that ...

http://www.phnompenhpost.com/index.php/2012110559574/National-news/preah-vihear-officials-under-investigation.html

Ministry fires back over EU resolution

A week after the European Parliament issued a damning resolution on Cambodia’s human-rights situation and called for a revoking of trade privileges, the Ministry of Foreign Affairs has shot back. “It is essential for the EU parliament to study and better understand the situation before passing ...

http://www.phnompenhpost.com/index.php/2012110559572/National-news/ministry-fires-back-over-eu-resolution.html

Alleged rosewood loggers shot dead by Thai troops

Three Cambodians were shot and killed early on Saturday morning after engaging in a firefight while illegally logging along the Thai border, officials said yesterday. The three are believed to have been shot after crossing from Battambang’s Samlot district into Thai territory while logging luxury rosewood “The ...

http://www.phnompenhpost.com/index.php/2012110559573/National-news/alleged-rosewood-loggers-shot-dead-by-thai-troops.html

Award for Boeung Kak lake activist

Boeung Kak lake land evictions protester Tep Vanny has been honoured for years of activism by receiving an award from an international organisation that recognises the role of women in promoting human rights. Vanny, 32, who has been imprisoned, assaulted and threatened for fighting evictions at ...

http://www.phnompenhpost.com/index.php/2012110559563/National-news/award-for-boeung-kak-lake-activist.html

Last link in Wutty case freed

The only man convicted in relation to a murder case that made global headlines, the killing of environmentalist Chut Wutty and military police officer, In Rattana, walked free on Friday, less than two weeks after his sentencing, rights group Licadho said. Ran Boroth, who was ...

http://www.phnompenhpost.com/index.php/2012110559571/National-news/last-link-in-wutty-case-freed.html

Trade with Thailand increases

Trade between Cambodia and Thailand increased by about 40 per cent to US$3 billion in the first nine months of this year in comparison with the same period last year, according to figures provided by the Royal Embassy of Thailand in Cambodia. According to Nat Vimonchandra, ...

http://www.phnompenhpost.com/index.php/2012110559559/Business/trade-with-thailand-increases.html

Construction investment rises sharply

Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of this year the ministry ...

http://www.phnompenhpost.com/index.php/Real-Estate/construction-investment-rises-sharply.html

Rise in foreign tourist arrivals

The number of foreign tourists arriving in Cambodia increased 23 per cent in the third quarter of the year compared to the same period last year, according to new statistics from the Ministry of Tourism.  The data show the number of tourists who arrived in the ...

http://www.phnompenhpost.com/index.php/2012110259529/Business/rise-in-foreign-tourist-arrivals.html

Maruhan Japan Bank buys stake in MFI

Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. ...

http://www.phnompenhpost.com/index.php/2012110259531/Business/maruhan-japan-bank-buys-stake-in-mfi.html

Protected forest reclassified as private land

The entirety of three protected forests are now classified as private land, an investigation from rights group Adhoc has found, along with tens of thousands of additional hectares of what has once been state public land In three cases, Adhoc’s findings show that entire protected forests ...

http://www.phnompenhpost.com/index.php/2012110159519/National-news/protected-forest-reclassified-as-private-land.html

ADB Institute: too much focus on 2015

Masahiro Kawai, dean of the Asia Development Bank Institute, believes too great a focus is being placed on the realization of the 2015 ASEAN Economic Community at the cost of considering middle- and longer-term issues in the ASEAN region. “Economic community-building is not going to be completed in ...

http://www.phnompenhpost.com/index.php/2012110159515/Business/adb-institute-too-much-focus-on-2015.html

National Road 3 prices flat

The sale and purchase of land along National Road 3 is increasing in volume but land prices are not increasing significantly despite the road being completed, and despite the many industrial zones along it.  Based on his company’s research in the second quarter of this year, ...

http://www.phnompenhpost.com/index.php/Real-Estate/national-road-3-prices-flat.html

New unit stops 23 on Thai border

Units of a newly deployed, 100-strong military police force stationed around Banteay Meanchey province’s Poipet town after Pchum Ben snared 23 workers seeking to illegally cross the border into Thailand for work on Tuesday. Twenty mobile, five-man units were patrolling in rotating day and night shifts ...

http://www.phnompenhpost.com/index.php/2012110159506/National-news/new-unit-stops-23-on-thai-border.html

PM says economy to grow by 7 per cent

Prime Minister Hun Sen said on Monday that the Kingdom’s economic growth is forecast to grow at 7 per cent this year, according to news agency reports. “We still maintain our forecast of  7 per cent growth and the latest forecast showed that the inflation rate ...

http://www.phnompenhpost.com/index.php/2012103159495/Business/pm-says-economy-to-grow-by-7-per-cent.html

Flood money runneth over

Flooding  this year cost the government significantly less than expected due to better preparation and lower water levels than in previous years, first vice president of the National Committee for Disaster Management Nhim Vanda announced yesterday. The NCDM could not yet report the precise amount spent on flood ...

http://www.phnompenhpost.com/index.php/2012103159481/National-news/flood-money-runneth-over.html

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