The Phnom Penh Post

Angkor corruption alleged

An anonymous group on Saturday filed a corruption complaint with the Anti-Corruption Unit against senator Sok Kong’s Sokimex company’s management of the Angkor Wat temple complex. The complaint, dated March 10, alleges Sokimex has siphoned the majority of funds recouped from tourist entrance fees to the ...

http://www.phnompenhpost.com/index.php/2012031254983/National-news/angkor-corruption-alleged.html

Illness strikes Borei Keila evictees

Woes continued for 26 relocated former Borei Keila residents, who fainted after vomiting and suffering diarrhoea at Tuol Sambo Village in Dangkor district’s Prey Veng commune on Saturday. Khum Khern, village chief of Tuol Sambo, told the Post that most of the villagers who had fainted ...

http://www.phnompenhpost.com/index.php/2012031254980/National-news/illness-strikes-borei-keila-evictees.html

Border business in O'Smach

It was a big gamble for Khun Savy, travelling hundreds of kilometres and spending thousands of Thai baht for broker fees and bribes he said he paid to be smuggled into Thailand. At the O’Smach International Border Checkpoint in Oddar Meanchey province, the 29-year-old was one ...

http://www.phnompenhpost.com/index.php/2012031254987/National-news/border-business-in-osmach.html

Ministry matters: Pawnshops must apply for license

The Ministry of Economy and Finance has called on all unregistered pawnshops to apply for an operating license by March 31 or face legal action, according to a government announcement on Friday. The move follows the 2010 law that first legalised pawnshops in the Kingdom, an ...

http://www.phnompenhpost.com/index.php/2012031254975/Business/ministry-matters-pawnshops-must-apply-for-license.html

Shooting suspect a governor no more

Triple-shooting suspect Chhouk Bandith has been sacked as Bavet town governor to prevent him from interfering in court proceedings, the Svay Rieng deputy provincial governor said yesterday. The high-profile suspect is accused of shooting three garment factory workers at a protest outside the Kaoway Sports Ltd ...

http://www.phnompenhpost.com/index.php/2012030954953/National-news/shooting-suspect-a-governor-no-more.html

Koh Kong intervention sought

The provincial office of rights group Licadho has called on Koh Kong provincial politicians to help more than 1,000 families being forcibly evicted to make way for a sprawling gambling resort and other development, representative said yesterday. More than 130 families, from three villages in Kiri ...

http://www.phnompenhpost.com/index.php/2012030954950/National-news/koh-kong-intervention-sought.html

Anco report flawed: auditor

The auditor who submitted a report used to convict a husband and wife of embezzling tens of millions of dollars from a company owned by the wife of a tycoon senator admitted yesterday that the quality of his audit was “poor”. The report was used ...

http://www.phnompenhpost.com/index.php/2012030954952/National-news/anco-report-flawed-auditor.html

Protesters successful; water prices decrease

Authorities in Prey Veng province yesterday agreed to cut the price of water from 1,800 riel to 1,200 riel a cubic metre after more than 1,000 people blocked National Road 11 for the fourth consecutive day. Acting provincial police chief Dim Yarum said yesterday an ...

http://www.phnompenhpost.com/index.php/2012030954948/National-news/protesters-successful-water-prices-decrease.html

Spate of abuses continues

Nearly two dozen fishermen were re­patriated to the Kingdom yesterday after being trafficked aboard Thai fishing boats where they endured forced labour and rampant abuse. The 11 men bring to 30 the number of fishermen repatriated from Malaysia and Indonesia this year. They were visibly shaken ...

http://www.phnompenhpost.com/index.php/2012030954949/National-news/spate-of-abuses-continues.html

Investment in mining operations falls sharply

Guangxi Nonferrous Metal Group invested $21.95 million in the construction of a steel processing plant, the data shows. The Chinese company planned to invest as much as $500 million in Preah Vihear province, China’s state-owned Xinhua news agency reported in November. China’s Xing Yuan Kang Yeak ...

http://www.phnompenhpost.com/index.php/2012030954944/Business/investment-in-mining-operations-falls-sharply.html

Tycoon free after striking deal

A tycoon arrested on Tuesday by military police on fraud charges yesterday walked free after striking a deal with the man he defrauded, court officials said. Meas Chanpiseth, deputy prosecutor of the Phnom Penh Municipal Court, said that 52-year-old tycoon Peang Kosal, executive director of the ...

http://www.phnompenhpost.com/index.php/2012030854934/National-news/tycoon-free-after-striking-deal.html

The Kingdom’s first IPO

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

http://www.phnompenhpost.com/index.php/2012030854926/Business/the-kingdoms-first-ipo.html

Graduates not up to scratch: report

Cambodia’s tertiary system is not producing enough of the right type of graduates to meet the economy’s demands, says a report launched by the World Bank last week. The 222-page report, titled “Putting Higher Education to Work”, states that “quantity gaps are particularly strong in ...

http://www.phnompenhpost.com/index.php/2012030854935/National-news/graduates-not-up-to-scratch-report.html

Riel sees stable gains on dollar this year

A steady rise in the value of Cambodia’s riel since the beginning of the year demonstrated increased confidence in the currency often shadowed by predominant usage of the US dollar, officials said yesterday. “The consequent rising value of riel proves there is more confidence in ...

http://www.phnompenhpost.com/index.php/2012030854928/Business/riel-sees-stable-gains-on-dollar-this-year.html

Increasing prices drive Kingdom’s rubber

Rubber production in early 2012 increased 21 per cent when compared to the end of 2011, according to Mak Kim Hong, president of the Cambodian Rubber Association. He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, ...

http://www.phnompenhpost.com/index.php/2012030854927/Business/increasing-prices-drive-kingdoms-rubber.html

Union leader hits back at allegations

Free Trade Union president Chea Mony yesterday rejected a charge in court that he and two other FTU members incited workers to damage property during a mass strike last year at the M&V garment factory. During nearly two hours of questioning at the Kampong Chhnang provincial ...

http://www.phnompenhpost.com/index.php/2012030754897/National-news/union-leader-hits-back-at-allegations.html

Building’s owner unknown

Amid safety fears in the construction industry, authorities yesterday refused to reveal the owner of a brand-new industrial building that crashed to the ground in Phnom Penh on Sunday, just days before hundreds were to have set foot in it. Sen Sok district governor Khoun Sreng ...

http://www.phnompenhpost.com/index.php/2012030754899/National-news/buildings-owner-unknown.html

More than 40 faint as firm denies exit

More than 40 workers had fainted at a garment factory yesterday after officials prevented them leaving the building when four of their co-workers collapsed, a labour department official said. The mass fainting occurred at the Nanguo Garment Co Ltd factory in Preah Sihanouk province’s Prey Nub ...

http://www.phnompenhpost.com/index.php/2012030754901/National-news/more-than-40-faint-as-firm-denies-exit.html

Borei Keila residents herald pledge of aid

Borei Keila evictees who have been sleeping in stairwells near where their houses once stood said yesterday the Phnom Penh municipal authority had promised to help them find homes. Ka Rohanny, 35, a representative of the evicted residents, told the Post Kiet Chhe, deputy administrative president ...

http://www.phnompenhpost.com/index.php/2012030754903/National-news/borei-keila-residents-herald-pledge-of-aid.html

Gender gap in dispute

Cambodian women have less chance of being promoted to positions of power than women in any other East Asian country, a report by the NGO Social Watch International has found. But government officials have rejected the findings and maintained the number of females in Cambodia’s ...

http://www.phnompenhpost.com/index.php/2012030754905/National-news/gender-gap-in-dispute.html

Cambodia’s top micro manager [Interview]

How did the floods affect the industry late last year? Of course, we were worried when the floods began because many people were affected. When the floods continued, we did a survey and found that just about 10 per cent of MFI borrowers were affected. But ...

http://www.phnompenhpost.com/index.php/2012030754891/Business/cambodias-top-micro-manager.html

Outrage over water prices

More than 1,000 villagers in Prey Veng province’s Prey Veng town blocked traffic on national road 11 outside the office of the Cambodian People’s Party yesterday to demand the price of water be lowered from 1,800 riels per cubic metre to 1,200 riels. The protesters, who ...

http://www.phnompenhpost.com/index.php/2012030654881/National-news/outrage-over-water-prices.html

Mobile cash gaining traction

Digital cash services in Cambodia showed marked increases in users and cash flow in 2011, and still more growth is expected this year as operators launch new services and partnerships to capture a large but still-untapped rural market. The services, in which customers transfer money via ...

http://www.phnompenhpost.com/index.php/2012030654867/Business/mobile-cash-gaining-traction.html

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