News
Crane removed from Gold Tower 42
Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...
http://www.phnompenhpost.com/Real-Estate/crane-removed-from-gold-tower-42.html
Siem Reap hotels oversupplied
Potential real estate investors in Siem Reap are being advised to look towards retail strips rather than hotels, according to Cambodian real estate professionals. Knight Frank’s Cambodia chief, Sunny Soo, said that while the hotel industry is well supplied, the town lacks an organised retail strip. ...
http://www.phnompenhpost.com/Real-Estate/siem-reap-hotels-oversupplied.html
Hun Sen Appeals for Kep's Vines to Be Tamed
Prime Minister Hun Sen appealed yesterday for developers and landowners in Kep City to build fences around their neglected properties to prevent vines from creeping onto the street of the coastal resort. Since much of the land in Kep City is owned by investors who live ...
Siam City Cement to enter Cambodia with local partner
Siam City Cement and the Chip Mong Group will co-build a new cement plant in the Toukmeas district of Kampot by 2015 in order to take advantage of the “huge” demand in Cambodia. The plant will cater specifically to the Cambodian market, although they will also ...
http://www.phnompenhpost.com/Business/siam-city-cement-to-enter-kingdom-with-local-partner.html
UN Envoy Calls for Judicial Reform, Lauds Other Progress
The court system is still “chronically underfunded” and laws on its management are almost 20 years overdue, the U.N. human rights envoy Surya Subedi said yesterday. One year ago, during his sixth mission to Cambodia, Mr. Subedi described reform in the courts as moving at a ...
http://www.cambodiadaily.com/news/un-envoy-calls-for-judicial-reform-lauds-other-progress-6630/
Alliance to disburse $2 million to buy paddy rice, help exports
The Alliance of Rice Producers Exporters of Cambodia (ARPEC) will release US$2 million after December 15th to its members in nine provinces so they can buy paddy rice before the harvest season ends and stocks been depleted. He said the pay out is being drawn from ...
New solar powered lights for Cambodia
Cambodia’s energy sector acquired a new product yesterday with the introduction of solar powered lights from energy company Total, advancing it toward a longer term solution to meeting the population’s energy needs. An industry player described the products as a nice bridge toward seeing Cambodia supplied with ...
http://www.phnompenhpost.com/Business/new-solar-powered-product-launched.html
Thai Rights Commission to Publish Report on Sugar Plantations
A final report from Thailand’s human rights commission on the alleged rights violations of a Thai company involved in two Cambodian sugar plantations is expected by late January, a member of the commission said. In July, the National Human Rights Commission of Thailand said its investigation ...
Residents seek compensation as homes fall into Tonle Sap
Nineteen families from Svay Pak commune in Russey Keo district protested for a second day Wednesday after their homes fell into the Tonle Sap River. Twenty-four houses along the river have been affected, they said. Although five have already left, the other 19 refuse to accept ...
ADB - Asian Development Bank : Greater Mekong Ministers to Review New Phase of Development Priorities
Ministers from the Greater Mekong Sub-region (GMS) will review progress on the Regional Investment Framework (RIF) to boost implementation of the GMS Strategic Framework 2012-22, as they meet today and tomorrow for the 18th GMS Ministerial Conference in Nanning, People’s Republic of China (PRC). The ...
Idemitsu, Cambodia sign biofuel production deal
Idemitsu Kosan Co. said Monday it has signed a memorandum of understanding with the Cambodian government to promote biofuel production in the Southeast Asian country. The move is part of plans by the Japanese energy firm to produce bioethanol out of cassava, a type of potato, ...
China plans to invest $5 billion to develop sea port, eco-tourism, and airport in Cambodia
PHNOM PENH: Chinese Union Group and the government of Cambodia plan to ink MoU of construction of mega-development projects in Koh Kong province, southern part of Cambodia. Environment minister Mok Mareth made the announcement upon arrival from China, where he attended APEC meeting in Tainjin on ...
Vietnam Confirms Stake in Sesan Dam Bought by Chinese Firm
A representative of Vietnamese state-owned electricity giant Electricity Vietnam International (EVNI) confirmed yesterday that their stake in a dam project in Stung Treng province has been bought out by their Cambodian and Chinese business counterparts. While Royal Group chairman Kith Meng has maintained that EVNI still ...
EU Ambassador Says Listen to Envoy's Advice
The European Union’s ambassador to Cambodia yesterday urged the government to heed the advice of the U.N.’s visiting human rights envoy, who has come under increasing rebuke from officials for his unflattering reports. Addressing a crowd of about 3,000, mostly garment factory workers, at Phnom Penh’s ...
http://www.cambodiadaily.com/news/eu-ambassador-says-listen-to-envoys-advice-6582/
Families make plea to PM Hun Sen over eviction
Despite a court-ordered land title in their favour, 163 families in Phnom Penh’s Sen Sok district last week watched excavators rip apart their homes at the behest of two district deputy governors. The forced eviction, denounced in a petition delivered on Friday to Prime Minister Hun ...
http://www.phnompenhpost.com/General/families-make-plea-to-pm-hun-sen-over-eviction.html
Cambodia's tax revenue totals $683 million
The Cambodian government collected $683 million in taxes over the first 11 months of this year, according to data from the General Department of Taxation released last week. An economist said the increase in domestic tax revenue emphasised that Cambodia still has room for improvement in ...
http://www.phnompenhpost.com/index.php/2012121160203/Business/tax-revenue-totals-683-million.html
Governor Says Destroyed Siem Reap Market Will Not Be Rebuilt
The Siem Reap City governor said yesterday that he would not allow a popular night market to be rebuilt after a deadly fire on Saturday razed it to the ground. “We cannot allow them to rebuild the market because this location is only suitable for ...
Hun Sen Says 2013 Budget Will Balance Despite Spending
Prime Minister Hun Sen yesterday said that Cambodia’s budget for next year was balanced, claiming that a planned increase in public spending will be made up for by a rise in government revenue. Despite concerns from the opposition that foreign borrowing should be reduced, the National ...
Ethnic group press for communal title
Economic land concessions granted to a pair of Vietnamese companies in Ratanakkiri’s O’Yadav district were endangering the traditional lifestyles of as many as 200 ethnic-minority families, villagerstold the Post yesterday. As the companies actively cleared forest to make room for the eventual rubber plantations, the government ...
Pension scheme ramps up
More than 700,000 workers at private companies and factories across 19 provinces have registered to join a nationwide pension scheme that goes into effect in 2015, Labour Ministry officials told the Post yesterday. A branch of the National Social Security Fund (NSFF), the pension scheme was ...
http://www.phnompenhpost.com/index.php/2012121160211/National-news/pension-scheme-ramps-up.html
Union representatives summoned
Union leaders representing workers on strike at the Tropicana Casino and Resort were served with a summons by the Banteay Meanchey provincial court yesterday after a complaint by the casino’s management. The court summons came around the time Sum Sam Ith, the Tropicana representative, sent ...
Aeon starts building Cambodia mall
Japanese mall operator Aeon Co. broke ground Monday on Cambodia’s first foreign-financed mall. “We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs and we want to stay deeply rooted in Cambodia and we want to ...
Rising tourism prompts ABA growth in Siem Reap
The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...
UN Envoy Meets Land Dispute Villagers on First Day Mission
U.N. human rights envoy Surya Subedi, who arrived in Cambodia Sunday on a five-day mission, spent yesterday, International Human Rights Day, in Kompong Chhnang province with about 300 villagers from a community embroiled in a long-running land dispute with the wife of a government minister. James ...