News
New study reveals catastrophic loss of Cambodia's tropical flooded grasslands
Around half of Cambodia’s tropical flooded grasslands have been lost in just 10 years according to new research from the University of East Anglia. The seasonally flooded grasslands around the Tonle Sap, Southeast Asia’s largest freshwater lake, are of great importance for biodiversity and a ...
http://phys.org/news/2013-03-reveals-catastrophic-loss-cambodia-tropical.html
Bountiful work, but scant wages angers Cambodia
As night falls in Phonm Penh, thousands of weary workers stream from textile factories, reflecting the abundance of jobs created by the clothing industry’s desire for cheap labor. However, as the number of international clothes companies tapping into Cambodia’s workforce grows, so does anger at the ...
http://www.taipeitimes.com/News/biz/archives/2013/03/17/2003557254
Land rights have key role in Cambodia
Faced with widespread evictions and opaque private sector deals, activists in Cambodia are calling on the government to be more open and transparent about land concessions, beef up mechanisms for resolving land disputes, and abide by the rule of law. It is estimated that ...
http://www.gulf-times.com/asean-philippines/188/details/345724/land-rights-have-key-role-in-cambodia
Telecom Cambodia postpones plan to list on local bourse
State-owned fixed-line company Telecom Cambodia’s (TC) plan to join the Cambodia Securities Exchange (CSX) has been postponed indefinitely because of its poor financial performance, reports The Phnom Penh Post. The company will need to redesign its business plan to improve operations, said Sarak Khan, secretary ...
http://www.telecompaper.com/news/telecom-cambodia-postpones-plan-to-list-on-local-bourse--931448
Covering Cambodia
With the number of cars on Cambodia’s roads growing at a consistent pace, high-end automotive distributors are jockeying for a foothold in the market, but they are not the only ones who stand to benefit from Cambodia’s splurge on cars. Working on the sidelines, the ...
Sugar Playing Catch-Up With Spice
Dotted with rice fields flanked by palm trees, Cambodia’s southeastern province of Kampong Speu is nothing short of picturesque. But behind the idyllic exterior is an on-going struggle to turn this region’s natural beauty into a global attraction and improve the lot of poor local farmers, ...
http://www.iede.co.uk/news/2013_1290/sugar-playing-catch-spice
Agreement reached on Thai trade
After years of discussion, the Cambodian and Thai governments on Tuesday agreed at the Ayeyawady-Chao Phraya-Mekong Economic Co-operation Strategy (ACMECS) summit in Laos to establish a Cambodian-Thai Business Council in a bid to enhance trade and investment between the ASEAN neighbours after a decline in ...
http://www.phnompenhpost.com/2013031561964/Business/agreement-reached-on-thai-trade.html
Ambassadors fill Cambodia, terrorism posts
SENIOR diplomat Alison Burrows has been appointed Australia’s next ambassador to Cambodia. Ms Burrows will replace Penny Richards in April, Foreign Affairs Minister Bob Carr announced on Thursday. She is assistant secretary with the North Asia investment and services branch of the Department of Foreign Affairs ...
Forest activists answer complaint in court
Eight members of the Prey Lang forest community network, summonsed to the Kampong Thom provincial court yesterday to answer a 2011 complaint, rejected its accusation that they had caused intentional damage by uprooting cassava plants belonging to Ol Ratha and maintained they had acted only ...
http://www.phnompenhpost.com/2013031561954/National/forest-activists-answer-complaint-in-court.html
Start-ups rely too much on self-funding
Cambodians tend to rely too heavily on self-funding or loans when starting businesses, experts say. In a bid to change that, an essay competition about business plans has been launched to give a platform for the winner to form business partnerships with those with capital. The ...
http://www.phnompenhpost.com/2013031561965/Business/start-ups-rely-too-much-on-self-funding.html
Telecom Cambodia Suffers Amid Competition
State-owned Telecom Cambodia lost more than $40 million during the five-year tenure of director general Lao Saroeun, who is now set to move into a new government job despite an investigation into alleged corruption at the company, officials said yesterday. Speaking at the annual meeting ...
Urban Dwellers Face a Battle for Land Ownership Registration
People applying for land titles in urban areas are at a huge disadvantage compared to their rural counterparts due to the higher percentage of property disputes with powerful officials and businesspeople in the country’s cities, a new report on land registration has found. To improve ...
Group Lease eyes Laos, Vietnam markets
Group Lease Plc (GL), the SET-listed motorcycle leasing firm, is planning to expand into Laos and Vietnam next year after a successful move into Cambodia last year. Mitsuji Konoshita, the chairman and chief executive, said both Laos and Vietnam are promising markets, while the company ...
http://www.bangkokpost.com/business/financialadvice/340373/group-lease-eyes-laos-vietnam-markets
Wal-Mart and H&M Pay $200,000 to Cambodian Workers in Historic Settlement
When tales emerge from the retail supply chain, they’re usually tragic, like the alleged sweatshop conditions at the Foxconn (HKG:2038) plants that churn out Apple (NASDAQ:AAPL) products, or the 112 Bangladeshi workers who died when their factory, where clothes for Wal-Mart (NYSE:WMT), Sears Holdings (NASDAQ:SHLD), ...
Low pay fuels anger among Cambodia's garment workers
As night falls thousands of weary workers stream from textile factories that fan out across Phnom Penh’s outskirts. The clothing industry’s desire for cheap labour having created an abundance of jobs but as the number of international clothes companies tapping into Cambodia’s workforce grows, so does ...
http://www.channelnewsasia.com/stories/afp_asiapacific/view/1259888/1/.html
Mam Sonando's verdict announced
Beehive radio owner Mam Sonando, along with two others appeared in the Court of Appeals Thursday to listen to their verdicts. The sentence was changed from five years to eight months imprisonment, but will be released on March 16, 2013 for having spent the same amount ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=NTNlN2Y5YmNmYjg
NagaCorp raises $156 million from top-up placement
NagaCorp, a gaming and entertainment hotel complex operator in Cambodia, has raised HK$1.21 billion ($156 million) from a top-up placement, after fixing the price at the bottom of the indicative range. The deal was launched at around 6pm yesterday in Hong Kong time, and the ...
http://www.financeasia.com/News/336436,nagacorp-raises-156-million-from-top-up-placement.aspx
Cambodia reports 60 pct rise in internet users last year
Cambodia recorded about 2.7 million internet users as of December last year, a 60 percent rise year-on-year, a senior official said Thursday. Meanwhile, he said the country has 6 mobile phone operators. As of last year, those operators had sold out 19.1 million SIM cards, ...
http://news.xinhuanet.com/english/sci/2013-03/14/c_132234173.htm
Indian Firms Look To Cambodia Industries
A delegation of 15 Indian firms is in Cambodia this week looking to increase the country’s involvement in Cambodia’s economy, particularly in the agriculture and mining sectors. At present, Cambodia does modest trade with India, the second largest country in the world by population. But the ...
Rosewood trade must stop: PM
Prime Minister Hun Sen has called on Thailand, Vietnam, Myanmar and Laos to help curb the illegal trade in rosewood after Cambodia’s bloodiest year yet for logging-related border shootings. Speaking to reporters at Phnom Penh International Airport after the premier returned from a two-day meeting ...
http://www.phnompenhpost.com/2013031461944/National/rosewood-trade-must-stop-pm.html
Sihanoukville land prices largely flat
Land prices in Preah Siahnouk province have risen slightly, by 5 to 10 per cent in early 2013, despite increasing numbers of tourists who have visited Cambodia and travelled to the province. Cheng Kheng, director of the CPL real estate company and president of Cambodian Valuers ...
http://www.phnompenhpost.com/2013031461949/Real-Estate/sihanoukville-land-prices-largely-flat.html
Camko City’s potential seen
Property experts say the Camko City project has a great deal of potential, after visiting and studying the satellite city last week. Kim Heang, general manager of Khmer Real Estate Co, said that he is very interested in Camko City because he has seen that it ...
http://www.phnompenhpost.com/2013031461948/Real-Estate/camko-city-s-potential-seen.html
Deputy Prime Minister Says Homeless People A worry For Tourism
Deputy Prime Minister Men Sam An yesterday said the government should clear beggars away from the country’s most popular tourism sites by providing them with decent education and legal ownership of their land. “We have performed well in working with homeless people, but I noticed ...
Rice miller plans to export 10,000 tonnes
State-owned rice miller Green Trade plans to export about 10,000 tonnes of milled rice to Libya this year, an insider has revealed. Thon Virak, director of state-owned rice exporter Green Trade, told the Post yesterday that he had signed an export deal with a private company ...
http://www.phnompenhpost.com/2013031461931/Business/rice-miller-plans-to-export-10-000-tonnes.html