News

Tuk-Tuk Maker Eyes Cambodian Market

Japan-based Terra Motors Corporation viewed Cambodia as a potential market for its electric tuk-tuk, the company’s general manager of overseas sales said yesterday. “We’re thinking of entering the Cambodian market as well. But at this moment, there are no concrete plans. [We] just hope to enter,” ...

http://www.phnompenhpost.com/2013032964775/Business/tuk-tuk-maker-eyes-cambodian-market.html

Mfone’s Licence Revoked; Staff Terminated

The Ministry of Post and Telecommunications has revoked the operating licence of bankrupt phone operator Mfone, which went out of business two months ago, while more than 1,000 employees had their jobs officially terminated yesterday. The revocation of the licence and the mass dismissal of the ...

http://www.cambodiadaily.com/business/mfones-license-revoked-staff-terminated-16474/

Cambodia's economy to grow by 7 pct in 2013: finance minister

Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday. He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction. Last year, Cambodia’s GDP per capita was nearly 1,000 ...

http://news.xinhuanet.com/english/business/2013-03/29/c_132271714.htm

Striving to make finance accessible

Access to finance could reduce violence, empower the most vulnerable in society and improve the livelihoods of Cambodia’s poorest people, a conference on community-led funding heard on Wednesday. Sarah Sitts, country manager of the international NGO Pact, introduced the funding model of savings-led micro-finance (SLMF). In ...

http://www.phnompenhpost.com/2013032964776/Business/striving-to-make-finance-accessible.html

Cambodia Posts 29 pct Rise In Large-Scale Factories Last Year

The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...

http://www.asean-china-center.org/english/2013-03/28/c_132269109.htm

Initial Mapping For Communal Titles Underway in Mondolkiri

Initial mapping of three ethnic minority Banong communities in Mondolkiri province got underway yesterday, a critical step in their plans to gain much coveted communal titles to their ancestral land. Established by the 2001 Land Law, communal land titles were designed specifically to protect the ancestral ...

http://www.cambodiadaily.com

Beeline In Negotiations with Potential Buyer

VimpelCom, the parent company of local mobile operator Beeline, is looking to sell the majority share of its Cambodian assets and has entered into negations with a possible buyer, according to a document obtained yesterday. “VimpelCom intends to dispose its entire indirect 90.0 percent stake in ...

http://www.cambodiadaily.com/business/beeline-in-negotiations-with-potential-buyer-16275/

Creditors Claim $160 Million in Mfone Debts

Thousands of creditors have come forward alleging they are owed a combined $160 million by bankrupt mobile phone operator Mfone, the administrator appointed to the case said yesterday. “Mfone owes money to hundreds of companies and thousands of individuals totaling $160 million,” he said. Nim Solida, ...

http://www.cambodiadaily.com/business/creditors-claim-160-million-in-mfone-debts-16379/

Tax revenue sees a 27 per cent jump

The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...

http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html

China's Nanning City officials visit Cambodia to promote tourism ties

A group of about 20 officials and tourism-related business owners from Nanning City, capital of south China’s Guangxi Zhuang Autonomous Region, is visiting Cambodia to broaden bilateral relations and cooperation in tourism. The delegation is led by Yang Min, Nanning’s vice mayor. On Tuesday, the group ...

http://english.peopledaily.com.cn/90883/8183679.html

ADB praises Cambodia for public debt management

Eric Sidgwick, Country director of the Asian Development Bank (ADB) to Cambodia applauded Cambodia for managing it’s, sometimes problematic, public debts. During the Wednesday meeting with Deputy Prime Minister, Sok An, Eric Sidgwick said, good management led to the positive changes of donations and ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDQ1NmJhNTk1M2V

Illegal rosewood seized at border

Police have cracked down on illegal large-scale rosewood smuggling at the Cambodia-Thai border in the district of Malai. In the sting operation Tuesday night, led by Banteay Meanchey prosecutor, Phan Pirom, the authorities have seized around three tons of rosewood, hidden in the truck bed used ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=M2M4YzlhNzA2NmY

Boeung Kak activist to seek bail

A bail hearing for imprisoned Boeung Kak lake land activist Yorm Bopha, 29, will be held this morning at the Supreme Court, her husband, Lous Sakhorn, said yesterday. Bopha was arrested on September 4 last year and charged with intentional violence over the assault ...

http://www.phnompenhpost.com/2013032764717/National/boeung-kak-activist-to-seek-bail.html

New land titles not recognised: villagers

Ten families locked in a long-standing land dispute with the Pheapimex Group in Pursat provinces’s Krakor district said yesterday that the company was refusing to recognise titles recently granted to them and blocking them from the land.“We 10 families have been given more than 30 ...

May Titthara
http://www.phnompenhpost.com/2013032764723/National/new-land-titles-not-recognised-villagers.html

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