News

Kingdom relieved after US internet law fails to pass

The postponement of two US internet piracy bills last week was met with relief by human rights and media experts in Cambodia, who say the overreaching grasp of the proposed legislation would hinder the internet’s progress and growth in the Kingdom. The US House of Representative’s ...

http://www.phnompenhpost.com/index.php/2012012454103/Business/kingdom-relieved-after-us-internet-law-fails-to-pass.html

Company backtracks, says villagers will now get land

The director of TTY rubber company, whose guards shot four land protestors in Kratie province last week, said he will give land back to the protesting villagers, backtracking on his vow Friday not to give up any of the land granted to him by the ...

Firms may invest in light rail, traffic lights

Japanese technology companies Toshiba Corp and Kyosan Electric have met with Phnom Penh Municipality to discuss investing in a light rail system and new traffic light network. According to an announcement on the municipality’s website yesterday, Kazutoshi Fukuda, managing director of Kyosan Electric, and Yasuyoshi Mugiya, ...

2011 rubber prices surge 132 per cent on demand

Cambodia’s 2011 rubber exports and export prices grew by 5.5 per cent and 131 per cent respectively, according to data from the Ministry of Commerce obtained by the Post. The data shows rubber exports last year totalled 46,727 tonnes, compared to 30,040 tonnes in 2010. Export ...

http://www.phnompenhpost.com

MIME backs Kingdom SMEs

The Ministry of Industry, Mines and Energy is set to provide a total of US$800,000 to small and medium enterprises as part of an initiative to strengthen the sector’s technical and competitive strategy. As many as 30 companies would receive the financing, Meng Satheara, the ministry’s ...

http://www.phnompenhpost.com

Borei Keila villagers set to sue

Women from Borei Keila who escaped Prey Speu social affairs centre last Wednesday made another impassioned plea for housing and compensation at rights group Licadho’s Phnom Penh headquarters on Friday. Armed with copies of a Borei Keila construction agreement from 2004 and in tears, they spoke ...

http://www.phnompenhpost.com

Villagers set to regain land

Villagers from Kratie province, who blocked National Road 76a last week after four of their own were shot by guards working for agro-development firm TTY, appear to be on their way to receiving farmland they lost to the company in an economic land concession. A statement ...

http://www.phnompenhpost.com

Human Rights Watch slams government for poor rights record

With a focus on the NGO draft law and allegations of government interference in the Khmer Rouge tribunal, international rights group Human Rights Watch blasted Cambodia’s rights record in its annual report yesterday. The government was quick to hit back at the criticism, saying that HRW ...

Export figures up 42% in 2011

Strong growth in garment, textile, and agricultural exports drove a 42.7 per cent increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows. The Kingdom exported $4.98 billion in goods last year, compared with $3.49 billion the year before. Market diversification and a relaxing ...

Pol Pot on the tourist map

The Documentation Centre of Cambodia has joined a coalition of government ministries on an study tour to establish a tourism plan in the former Khmer Rouge stronghold of Anlong Veng district in Oddar Meanchey, officials said yesterday. Anlong Veng was the last stronghold for the Khmer ...

http://www.phnompenhpost.com

Farming group to quadruple organic production

The Cambodian Center for Study and Development in Agriculture (Cedac) said yesterday that it plans to raise its annual production of organic vegetables from 120 tons to 600 tons by the end of 2015. Lim Sokun Darun, program coordinator at Cedac, said that the decision to ...

Work to begin on controversial dam in Stung Treng next week

Workers will begin clearing forestland in Stung Treng province as early as next week in preparation for the controversial 400-megawatt Lower Sesan 2 dam, district officials and villagers said yesterday. The hydropower project, funded by Vietnam Electricity (EVN), will flood tens of thousands of hectares of ...

Courts step up charges in land disputes

The number of criminal charges meted out to villagers embroiled in land disputes rose by more than 50 percent in 2011 compared to the previous year, according to figures released by the rights group Adhoc yesterday. The rights group found that the courts charged 475 villagers ...

Soldiers shoot villagers over land protest

Violence erupted yesterday in Kratie province’s Snuol district where six people were shot and injured when RCAF soldiers working for a rubber company opened fire on a crowd of villagers who were trying to stop the company from clearing land in the area, police and ...

Foreign banks eye Kingdom's prospects

Two more Vietnamese banks have announced they will apply for licences to operate in Cambodia, according to media reports. If accepted, Maritime Bank and Saigon-Hanoi Commercial Bank (SHB) would bring the number of Vietnamese banks in Cambodia to six, National Bank of Cambodia officials said yesterday. Experts ...

http://www.phnompenhpost.com

World Bank expects strong growth in 2012

The World Bank yesterday predicted gross domestic product to grow 6.5 percent this year, though it said that economic conditions could sour if the economies of Cambodia’s largest export markets in the US and Europe deteriorate. In an economic report outlining prospects for all of the ...

Villagers in Prey Long Forest seize load of illegal timber

Faced with continued illegal logging in Prey Long forest, villagers in Kompong Thom province’s Sandan district once again took the initiative to seize a large haul of illegal timber from local loggers. Villagers, however, said that local officials are complicit in the logging ring and ...

Land grants affected 11,377 families in 2011, rights groups say

More than 11,000 families were affected by government-granted economic land concessions in 2011, nearly 3,000 more families than were affected the previous year, according to figures released yesterday by local rights group Licadho. A total of more than 2 million hectares of the country’s forests and ...

Garment, shoe exports set to surpass $4bn

Buoyed by strong demand from the economies of Europe and North America, the total amount of garment, shoe and textile exports that left Cambodia last year was on target to surpass the $4 billion mark, dwarfing 2010’s total of $2.88 billion, the Garment Manufacturers Association ...

Firm refuses housing pleas

The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ...

http://www.phnompenhpost.com/index.php/2012011854001/National-news/firm-refuses-housing-pleas.html

Largest-ever Cambodian solar project launched

Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...

http://www.phnompenhpost.com/index.php/2012011853987/Business/largest-ever-cambodian-solar-project-launched.html

More predictions for CSX start date

The Cambodia Securities Exchange may launch as soon as March or April, according to an official at the Korea Exchange, the Kingdom’s partner in launching its stock market. Final preparations for the CSX’s  initial public offerings should be complete at that time, Pat Gil-soo, senior vice-president ...

http://www.phnompenhpost.com/index.php/2012011853988/Business/more-predictions-for-csx-start-date.html

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