News

Hun Sen’s Land Titles Receive Rare Praise From Germany

Since Prime Minister Hun Sen announced an ambitious new plan some 10 months ago to make nearly half a million families official land owners, hardly a week goes by that a rural community does not complain of local officials trying to scam the project. But when ...

http://www.cambodiadaily.com/news/hun-sens-land-titles-receive-rare-praise-from-germany-17312/

Logistics and insurance firms driving office market

Increases in Cambodia’s GDP and foreign direct investment (FDI) are helping to drive the supply and demand in the Kingdom’s office sector, according to a new report from global property agents CBRE. Increasingly, international businesses are favouring Cambodia, in particular Phnom Penh, mainly due to ...

http://www.phnompenhpost.com/2013040464872/Real-Estate/logistics-and-insurance-firms-driving-office-market.html

Too many players vie in Kingdom’s ISP industry

Like the telecommunications industry in Cambodia, the market for internet service providers (ISP), too, is overcrowded, leading industry experts to say that the situation is preventing new investment. Data from the Ministry of Post and Telecommunications showed that at the end of 2012, Cambodia had ...

http://www.phnompenhpost.com/2013040464879/Business/too-many-players-vie-in-kingdom-s-isp-industry.html

Government Goes to China in Search of New Loans

Prime Minister Hun Sen will travel to China on Saturday to meet with the rising superpower’s new leadership, in a trip the government expects to yield nearly $2 billion in loans and aid. Most significantly, the Government is hoping to secure Chinese funding for a 1.67 ...

http://www.cambodiadaily.com/news/government-goes-to-china-in-search-of-loans-17314/

Work begins on new friendship bridge to Cambodia

Construction began yesterday on a bridge crossing an upstream section of the Vam Co Dong River that borders Cambodia. The US $2.2-million friendship bridge will link the southern province of Tay Ninh with Cambodia’s Prey Veng Province at the Tan Nam – Mean Chay border gate ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YzczMTk5OTQ2MDY

Hun Sen wants more Australian investors

The Prime Minister appealed Wednesday to Australian investors to increase their investments in Cambodia, especially in the agriculture and the tourism sectors. The comments were made during a meeting with the outgoing Australian Ambassador to Cambodia, Penny Richards, at the Peace Palace. He said, because of ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YzFhMzAxN2QzNDZ

Garment sector: Protests go on in spite of wage rise

Four days after the Labour Advisory Committee approved a monthly minimum wage increase to $75 starting in May, more than 500 workers at the Su Tong Fang garment factory yesterday demanded that their company begin the wage increase one month early. ...

http://www.phnompenhpost.com/2013040364864/National/garment-sector-protests-go-on-in-spite-of-wage-rise.html

Acleda Plans to Launch Internet Banking Services

Acleda Bank PLC plans to launch internet banking services in September, the bank’s president and CEO, In Channy, said yesterday. Internet banking will be available to customers in Cambodia and abroad, Mr. Channy said. The system Acleda chose, he said, is used by many leading ...

http://www.cambodiadaily.com

Sellers seek compensation

Wholesalers and retailers of bankrupt Cambodian telecommunications company Mfone are seeking compensation for their stock of the mobile provider’s obsolete scratch recharge cards. Wholesalers say the issue is also affecting retailers’ confidence in purchasing recharge cards of other providers, and is slowing sales. Pann Chesda, general manger ...

http://www.phnompenhpost.com/2013040364852/Business/sellers-seek-compensation.html

Pursat land dispute makes hay in capital

Rough[ly] 40 representatives of some 370 families locked in a years-long land dispute with a rubber concessionaire in Pursat province’s Veal Veng district demonstrated outside the Phnom Penh offices of Adhoc yesterday to publicise their situation. The villagers, many of whom are family members of soldiers ...

http://www.phnompenhpost.com/2013040364860/National/pursat-land-dispute-makes-hay-in-capital.html

Calendar

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Cambodian, Phl conglomerate sign deal to establish new airline

Cambodia Airlines, a majority-owned Cambodian company, and San Miguel Corp., the Philippines’ most diversified conglomerate, on Tuesday signed a joint venture agreement to set up a Cambodia-based airline – Cambodia Airlines – to service domestic and regional flights. The agreement was inked between Cambodian tycoon Kith ...

http://www.philstar.com/business/2013/04/02/926341/cambodian-phl-conglomerate-sign-deal-establish-new-airline

Wages will increase following economic growth

Hun Sen said salaries for civil servants and garment workers will increase yearly coinciding with the growth in the economy. Speaking at a graduation ceremony for the Royal University of Phnom Penh (RUPP) at the Koh Pich center on Tuesday, he said during the general assembly ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=Y2MzZjI4MzI3MzI

Malaysian firm plans 10-mw biomass plant

A Malaysian-base[d] energy service group has plans to spend roughly $10 million to build a biomass power plant in Cambodia. Wah Seong Corporation Berhad’s plant would have a production capacity of up to 10 megawatts, said the group’s chief executive, Chan Cheu Leong, in an article ...

http://www.phnompenhpost.com/2013040264825/Business/malaysian-firm-plans-10-mw-biomass-plant.html

Mfone value is revised

Althought the initial book value – purchase cost minus depreciation – of the assets of bankrupt Cambodian telecommunications firm Mfone was estimated at $105 million, employee representatives claim the estimated market value is closer to $30 million to $40 million. Bou Kunthea, an Mfone employee representative, ...

http://www.phnompenhpost.com/2013040264827/Business/mfone-value-is-revised.html

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