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Rubber Gives New Bounce to Economy

Cambodia’s Prime Minister Hun Sen announced plans Thursday to encourage rubber smallholdings in a bid to expand production as the country promotes the cash crop as the number two commodity after rice. Hun Sen said the government will support not only large-scale rubber plantations but also ...

http://www.rfa.org/english/news/cambodia/rubber-04122012174332.html

Arrivals at Cambodia’s airports up 20 per cent

Arrivals at Cambodia’s two biggest airports increased by about 20 percent year-on-year in the first quarter of 2012, according to Cambodia Airports. Industry insiders said economic progress in the region coupled with increased flights added to the passenger count at Phnom Penh International Airport and Siem ...

http://www.phnompenhpost.com/index.php/2012041155547/Business/arrivals-at-cambodias-airports-up-20-per-cent.html

PM calls for crackdown on border

Prime Minister Hun Sen yesterday implored authorities along Cambodia’s northern border to redouble their efforts at stopping illegal loggers from sneaking into Thailand, where more than a dozen have been shot dead by Thai soldiers so far this year. The 13 Cambodians fatally shot by Thai ...

Flights to Arrive From China’s Yunnan Province

An airline in China’s Yunnan province will begin offering flights from its capital, Kunming, to Phnom Penh and Siem Reap City, Council of Ministers spokesman Ek Tha said yesterday. ...

Sihanoukville port revenues up 22% on economic growth

Revenues earned by the Sihanouk Autonomous Port for the first quarter of this year jumped 22 per cent year-on-year to US$8.3 million, according to figures released yesterday by SAP. Exports of the Kingdom’s rice, garments and timber, coupled with imports of textiles, electronics and construction materials, ...

http://www.phnompenhpost.com/index.php/2012040655455/Business/sihankouville-port-revenues-up-22-on-economic-growth.html

Replacement for Toll’s Kerr has arrived in Phnom Penh

Toll Royal Railways chief executive David Kerr is on track to leave Cambodia by the end of the month, according to his expected replacement. Bobby Luow, a 40-year veteran of the rail industry, mainly in South Africa, told the Post he had been brought in to ...

http://www.phnompenhpost.com/index.php/2012040355387/Business/replacement-for-tolls-kerr-has-arrived-in-phnom-penh.html

Trucks Banned on Phnom Penh Streets for Duration of Summit

Phnom Penh City Hall has banned all trucks transporting goods and gasoline from traveling on the city’s roads in daytime hours to ease traffic during the Asean Summit, according to a notice placed on the municipality’s website Saturday. The Ministry of Education has also told 12 ...

Phnom Penh Residents Asked To Reduce Electricity Usage

State-run Electricite du Cambodge (EdC), the main provider of electricity in the country, has appealed to residents of Phnom Penh to reduce electricity use due to a power shortage, an EdC official said yesterday. The company is only able to produce 70 percent of the city’s ...

Companies given right to develop wildlife land

The Cambodian government has reclassified 12,000 hectares of wildlife sanctuary to make way for agro-industry concessions for three companies, according to the royal book issued on March 19. The land has been cut from the Kulen Promtep Wildlife Sanctuary, the largest protected area in Cambodia, which ...

http://www.phnompenhpost.com/index.php/2012033055335/National-news/companies-given-right-to-develop-wildlife-land.html

Hyatt Overtakes Siem Reap’s Hotel de la Paix

Hyatt Hotels Co will open its first hotel in Cambodia next year by rebranding the well-known five-star boutique resort Hotel de la Paix, the company said in a statement on Tuesday. As part of the agreement, KS Hotels and Resorts, a Thai-based firm, will retain full ...

Phnom Penh Cleans Up Prior To Next Week’s Asean Summit

In addition to security and public order initiatives in the lead-up to next week’s Asean Summit, Phnom Penh authorities said yesterday they would be redoubling their “clean city” efforts. “We’re keeping security and order, and we asked Cintri [waste disposal company] to double the numbers of ...

River families’ time up

Nearly 400 families were told yesterday they had to move from their homes along the Siem Reap river within the week. Siem Reap district governor Tep Bun Chhay said 392 families had to relocate from Sala Kamroeuk commune before this Sunday. ...

http://www.phnompenhpost.com/index.php/2012032755261/National-news/river-families-time-up.html

60,000 Evicted in 2011 Alone; Majority From Phnom Penh

Nearly 60,000 people were forcibly evicted from their homes last year alone, often being moved to inadequate relocation sites where they face unemployment and rising debt levels, according to a report by rights group Adhoc released yesterday. A total of 59,904 people from 127 communities were ...

Ford plant opens in Sihanoukville

A Ford assembly plant in Preah Sihanouk province will supply Cambodia’s limited but growing car market, the American carmaker’s local representative RMA Cambodia announced yesterday. The US$3 million investment, wholly owned by RMA, has a capacity of up to 6,000 vehicles per year, and is expected ...

http://www.phnompenhpost.com/index.php/2012032155152/Business/ford-plant-opens-in-sihanoukville.html

Siem Reap proposed airport said to be on track

A senior government official has said construction on the US$1 billion airport project in Siem Reap was still on track despite the recent arrest of a key person in charge of the project. Plans and designs for the New Siem Reap International Airport had been submitted ...

http://www.phnompenhpost.com/index.php/2012032055124/Business/siem-riep-proposed-airport-said-to-be-on-track.html

Torrential storm hits 3 provinces; 1 killed

One woman was killed, several villagers injured and more than 80 houses destroyed or badly damaged by storms that swept through the provinces of Siem Reap, Banteay Meanchey and Mondulkiri over the weekend, provincial officials said yesterday. “I have never seen this kind of storm ...

http://www.phnompenhpost.com/index.php/2012031955112/National-news/torrential-storm-hits-3-provinces-1-killed.html

Underwriter for first IPO bullish on Phnom Penh Water and the CSX

The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...

http://www.phnompenhpost.com/index.php/Special-Reports/underwriter-for-first-ipo-bullish-on-phnom-penh-water-and-the-csx.html

Women’s Cancer Hospital to Open in Phnom Penh in 2015

The construction of a new $17.5 million women’s cancer hospital specializing in gynecological services will break ground this summer, one of the co-founders said yesterday. Janne Ritskes, the director of Tabitha Cambodia, an organization that works to improve the lives of poor Cambodians, said the 220-bed ...

River widening divides opinions

More than 30 families living near the Siem Reap River in Siem Reap’s Aranh Sakor village have sent a letter to Prime Minister Hun Sen and member of parliament Seang Nam, asking not to be evicted from their land because of the planned widening of ...

http://www.phnompenhpost.com/index.php/2012031655068/National-news/river-widening-divides-opinions.html

Battle Over CamKo City Now in Court

A South Korean government agency and Korean investors in CamKo City are locked in an ownership dispute at the Phnom Penh Municipal Court over the half-built residential development project in Russei Keo district, according to court documents obtained yesterday. Following the collapse of the Busan Savings ...

Two More Set Schools Could Close

Eight SET international (SI) schools have closed nationwide over the past two months because of financial problems, and the remaining two schools in Phnom Penh and Kompong Chhnang provinces also appear poised to shut their doors soon, a Ministry of Education official said. The abrupt closings ...

Tycoon free after striking deal

A tycoon arrested on Tuesday by military police on fraud charges yesterday walked free after striking a deal with the man he defrauded, court officials said. Meas Chanpiseth, deputy prosecutor of the Phnom Penh Municipal Court, said that 52-year-old tycoon Peang Kosal, executive director of the ...

http://www.phnompenhpost.com/index.php/2012030854934/National-news/tycoon-free-after-striking-deal.html

Workers Faint Daily in Sihanoukville, NGO says

The Cambodian Legal Education Center (CLEC) is “extremely concerned” after an investigation following a mass fainting last month at Nanguo garment factory in Preah Sihanouk province last month found that at least one to two workers are fainting daily in eight factories in the province. ...

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