The Phnom Penh Post

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

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

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

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

Garment Makers Gear Up for IPOs

Two foreign-owned garment manufacturers will submit disclosure documents to Cambodia’s capital market regulator next month, the companies’ underwriter Phnom Penh Securities Firm Plc. said yesterday. The initial public offerings for the two private companies, expected by the end of the year, should boost action on the ...

http://www.phnompenhpost.com/index.php/2012062957093/Business/garment-makers-gear-up-for-ipos.html

PPWSA shuffle no surprise

Officials and securities firms yesterday showed little distress at the imminent retirement of Ek Sonn Chan, the man credited with straightening out and preparing the capital’s public water utility for its initial public offering in April. A letter from the Ministry of Industry, Mines and Energy ...

http://Phnom Penh Water Supply Authority shuffle no surprise

Rice Millers to Increase Capital

Cambodian rice millers will increase their capital to purchase unmilled rice this season as bankers agreed to provide more loans, insiders said on Monday. Baitong will increase its capital to purchase up to 140,000 tonnes of fragrant unmilled rice, compared to last year’s 70,000 tonnes said ...

http://www.phnompenhpost.com/index.php/2012062857068/Business/rice-millers-capital.html

Hun Sen Son Tapped for Land Dispute Role

Prime Minister Hun Sen’s June order that land be cut from economic land concessions and returned to displaced villagers – a move that has alternately inspired gratitude and scepticism – now has a high-profile public face: one of his sons. Hun Manith, deputy chief of Hun ...

http://www.phnompenhpost.com/index.php/2012062857077/National-news/hun-sen-son-land-dispute.html

Cambodia Comforts Worried Summit

While the financial problems of Europe created a worried mood for the Group of 20 leaders at Los Cabos, Mexico, last week, a bright spot was Prime Minister Hun Sen’s representation of Cambodia’s ASEAN chairmanship, according to lawyer and government adviser Sok Siphana, who accompanied ...

http://www.phnompenhpost.com/index.php/2012062757035/Business/cambodia-comforts-summit.html

Experts Question New Trade Goal with Vietnam

Officials and experts yesterday questioned the likelihood of Cambodia and Vietnam’s proposal to hike bilateral trade by more than US$2.5 billion by 2015. The pledge of $5 billion in total trade, made by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart, Nguyen Tan Dung, last ...

http://www.phnompenhpost.com/index.php/2012062757037/Business/experts-question-new-trade-goal-with-vietnam.html

PM Defends ELC Signings

Prime Minister Hun Sen has fiercely defended his right to grant economic land concessions after issuing a moratorium on the leases in May, pointing to a loophole in the ban which exempts ELCs that already had in principle approval. Hun Sen attacked the Post and the ...

http://www.phnompenhpost.com/index.php/2012062757048/National-news/pm-defends-elcs.html

Premier has deal for 'secessionists'

An alleged accomplice of “secessionist” leader Bun Ratha has confessed and been granted immunity as a witness, Prime Minister Hun Sen said yesterday, a deal he left on the table for any of the four remaining fugitives who are willing to co-operate, including Ratha. Warrants for ...

http://www.phnompenhpost.com/index.php/2012062757047/National-news/pm-deal-for-secessionists.html

Judgment day for B Kak 13

Thirteen Boeung Kak lake women who were sentenced to two and a half years in jail on Thursday following a lawyer-free trial that lasted just three hours will appeal their convictions, their distraught supporters said yesterday. As the reality of the trial, which rights groups have ...

http://www.phnompenhpost.com/index.php/2012052856427/National-news/boeung-kak-13-to-appeal.html

Ministry moves to create bus-monitoring prakas

A new inter-ministry prakas is planned that controls and ensures the safety of bus passengers using the Kingdom’s growing bus network, and may include monitoring the behaviour of drivers and companies prior to granting licences, Cambodian officials said. Bus companies are now controlled by Ministry of ...

http://www.phnompenhpost.com/index.php/2012062556985/Business/bus-monitoring-prakas.html

ACU donations in spotlight

Lawyers have called on Cambodia’s Anti-Corruption Unit to implement transparent reporting on monetary donations it receives from individual politicians and government groups. During an anti-corruption training session on Friday, they pointed out the incapacitating influence the ACU would face if it tried to investigate a ...

http://www.phnompenhpost.com/index.php/2012062556994/National-news/acu-donations.html

Inspiring tech entrepreneurship

The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...

http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html

Villagers, Soldiers Tussle Over Land

Villagers from Chum Kiri commune in Banteay Meanchey province appealed to Prime Minister Hun Sen yesterday to intervene in a land dispute concerning roughly 30 hectares of land they say was taken by district soldiers. Doeu Chay, a representative of 25 local families, said that land ...

http://www.phnompenhpost.com/index.php/2012062857074/National-news/villagers-soldiers-tussle-over-land.html

Cambodia's consumer prices decline

Consumer prices decreased month-on-month in May for the first time since statistics were available, Cambodia’s National Institute of Statistics (NIS) data showed. The 1.1 per cent drop, driven largely by lower food and gasoline prices, would be a relief to businesses and shoppers after a period ...

http://www.phnompenhpost.com/index.php/2012062556991/Business/consumer-prices-decline.html

Prisoners 'utilised' in violent eviction

Twenty convicts in Preah Sihanouk Provincial Prison were employed by military and local authorities to tear apart a nearby village on land slated for a second prison compound, villagers and rights groups alleged yesterday. However, prison authorities denied that any incarcerated people were involved in the ...

http://www.phnompenhpost.com/index.php/2012062557001/National-news/prisoners-in-eviction.html

Massive strike nearing: union

The Free Trade Union has vowed to stage a mass strike in the garment and footwear industries if its demands for an extra US$30 per month of bonuses for workers are not met, union president Chea Mony said yesterday. The union sent a letter to Minister ...

http://www.phnompenhpost.com/index.php/2012062556997/National-news/massive-strike-nearing.html

Mining firm expects quick silver exploits

A mining outfit in Battambang province will begin copper and silver extraction within two years, the company’s chief executive said yesterday. Wild Bull Resources, an Australian firm partnering with local miner Angkor Thumopich Resources (ATR), would join a small group of companies claiming a quick turnaround ...

http://www.phnompenhpost.com/index.php/2012062556990/Business/mining-silver-exploits.html

Soldiers cry foul over ‘land grabbing’

About 1,500 representatives of military families in Oddar Meanchey province are planning to file a complaint directly to Prime Minister Hun Sen’s office accusing a high-ranking Royal Cambodian Armed Forces general of selling a large chunk of their land to two Vietnamese rubber companies. The soldiers, ...

http://www.phnompenhpost.com/index.php/2012062557004/National-news/soldiers-land-grabbed.html

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