News

Government Approves Dam On Lower Sesan

The Council of Ministers on Friday signed off on the Lower Sesan 2 dam project in Stung Treng province, despite long-standing criticism leveled against the project by environmental groups who say it would adversely affect 100,000 people as a consequence of reduced access to fish. The ...

Killer in Chut Wutty Case Walks Free Six Months Later

Rann Boroth, the only man convicted in the double killing six months ago of the country’s leading environmental activist, Chut Wutty, and military police officer, walked free from prison on Friday after the Koh Kong Provincial Court issued an order for his release. On October ...

October 2012 Maps Update

– Economic Land Concessions (Government Data Complete 16 items) Click here to download – Mining ( Secondary Source Data 19 items) Click here to download ...

Cambodia approves Lower Sesan 2 hydroelectric dam

Cambodia’s government has approved a controversial hydroelectric dam on a tributary of the Mekong River. The joint venture involves Cambodian, Chinese and Vietnamese investment of $781m (£488m) and is due to be completed within five years. The project in northern Stung Treng province is known as Lower ...

http://www.bbc.co.uk/news/world-asia-20184447

Rise in foreign tourist arrivals

The number of foreign tourists arriving in Cambodia increased 23 per cent in the third quarter of the year compared to the same period last year, according to new statistics from the Ministry of Tourism.  The data show the number of tourists who arrived in the ...

http://www.phnompenhpost.com/index.php/2012110259529/Business/rise-in-foreign-tourist-arrivals.html

Maruhan Japan Bank buys stake in MFI

Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. ...

http://www.phnompenhpost.com/index.php/2012110259531/Business/maruhan-japan-bank-buys-stake-in-mfi.html

Protected forest reclassified as private land

The entirety of three protected forests are now classified as private land, an investigation from rights group Adhoc has found, along with tens of thousands of additional hectares of what has once been state public land In three cases, Adhoc’s findings show that entire protected forests ...

http://www.phnompenhpost.com/index.php/2012110159519/National-news/protected-forest-reclassified-as-private-land.html

Indonesia to import 100,000 tons of rice from Cambodia

Indonesia will import 100,000 tons of rice from Cambodia next month, Trade Ministry director general for foreign trade Deddy Saleh has said. The importation is a follow up from a joint trade agreement signed in August this year. “For the first batch, we will import 100,000 tons ...

http://www.thejakartapost.com/news/2012/11/01/indonesia-import-100000-tons-rice-cambodia.html

Doing business gets easier in Cambodia: World Bank

Cambodia rose five places in the World Bank’s annual Doing Business study to 133I’d out of 185 countries, largely due to the establishment of a credit bureau, which makes acquiring loans easier. The report, which ranks countries in 10 categories on the ease of doing ...

http://www.etmcambodia.com/viewarticles.php?articlesid=241

Over 2.5 million visitors to Cambodia in the first nine months of 2012

Cambodia attracted some 2.57 million international visitors in the first nine months of this year, a 24% rise compared with the same period last year, a report from the Ministry of Tourism showed on Wednesday. ...

http://www.traveldailynews.com/news/article/51858/over-2-5-million-visitors-to

Court Charges General Denounced by Hun Sen Over Land Claim

The Phnom Penh Municipal Court on Tuesday charged a Ministry of Interior police general with intimidation and unlawful interference in the discharge of a public function for allegedly attempting to use Prime Minister Hun Sen’s student volunteer program to settle a personal land dispute. Mr. ...

http://www.cambodiadaily.com

ADB Institute: too much focus on 2015

Masahiro Kawai, dean of the Asia Development Bank Institute, believes too great a focus is being placed on the realization of the 2015 ASEAN Economic Community at the cost of considering middle- and longer-term issues in the ASEAN region. “Economic community-building is not going to be completed in ...

http://www.phnompenhpost.com/index.php/2012110159515/Business/adb-institute-too-much-focus-on-2015.html

National Road 3 prices flat

The sale and purchase of land along National Road 3 is increasing in volume but land prices are not increasing significantly despite the road being completed, and despite the many industrial zones along it.  Based on his company’s research in the second quarter of this year, ...

http://www.phnompenhpost.com/index.php/Real-Estate/national-road-3-prices-flat.html

Svay Rieng Court Delays Hearings for Ex Bavet City Governor

The Svay Rieng Provinical Court has missed its October deadline to hear the triple shooting case involving former Bavet City governor Chhouk Bundith, a court official said yesterday. A court investigation into the Febuary 20 shooting in a special economic zone that left three garment workers ...

FAT's direct Angkor Wat flights to resume Dec. 25

The Taipei-based Far Eastern Air Transport Corp. (FAT) will resume its direct flights from Taiwan to Angkor Wat in Cambodia starting Dec. 25 Soon after the FAT reopened its flight operations on April 18, 2011 following several years of suspension caused by financial troubles, the Tonlesap ...

http://www.chinapost.com.tw/taiwan/business/2012/11/01/359511/FATs-direct.htm

French Delegation to Discuss Water Treatment

Delegates from eight French-owned companies in the water management sector will meet with government officials and officials from the Phnom Penh Water Supply Authority today to explore business opportunities in Cambodia, according to a French Embassy statement yesterday. As a part of a two-day visit, ...

New unit stops 23 on Thai border

Units of a newly deployed, 100-strong military police force stationed around Banteay Meanchey province’s Poipet town after Pchum Ben snared 23 workers seeking to illegally cross the border into Thailand for work on Tuesday. Twenty mobile, five-man units were patrolling in rotating day and night shifts ...

http://www.phnompenhpost.com/index.php/2012110159506/National-news/new-unit-stops-23-on-thai-border.html

Analog to be Replaced by Fully Digital Television by 2020

Analog broadcasts from television stations all over Cambodia will cease and be replaced by digital transmissions by 2020 at the latest, Minister of Information Khieu Kanharith said yesterday. Speaking at a press conference to representatives from 13 television stations, Mr Kanharith said Cambodia needs to transition ...

As Insurance Claims Grow, So Do Premiums

The total amount of claims paid out by local insurance firms during the first nine months of the year have tripled to more than $11 million compared to the same period in 2011 According to data from General Insurance Association of Cambodia (GIAC), paid claims grew ...

PM says economy to grow by 7 per cent

Prime Minister Hun Sen said on Monday that the Kingdom’s economic growth is forecast to grow at 7 per cent this year, according to news agency reports. “We still maintain our forecast of  7 per cent growth and the latest forecast showed that the inflation rate ...

http://www.phnompenhpost.com/index.php/2012103159495/Business/pm-says-economy-to-grow-by-7-per-cent.html

Flood money runneth over

Flooding  this year cost the government significantly less than expected due to better preparation and lower water levels than in previous years, first vice president of the National Committee for Disaster Management Nhim Vanda announced yesterday. The NCDM could not yet report the precise amount spent on flood ...

http://www.phnompenhpost.com/index.php/2012103159481/National-news/flood-money-runneth-over.html

Hun Sen: remove ASEAN trade barriers

Prime Minister Hun Sen has called for the removal of all tariff and non-tariff barriers when the ASEAN Economic Community (AEC) integrates in 2015, saying it is of central importance. Speaking at the opening of an ASEAN symposium in Phnom Penh on Tuesday, the premier said integration of ...

http://www.phnompenhpost.com/index.php/2012103159497/Business/hun-sen-remove-asean-trade-barriers.html

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