Toll Royal Railways Yet to Spend Pledged Funds
Toll Royal Railways, the company holding the 30-year concession to operate Cambodia’s rail network, has so far only spent a tiny fraction of the millions of dollars of investment it promised upon winning the deal, documents of the firm’s expenditure show.
The operation of the railways
Bicycle tours take people off the beaten path around Cambodia
Cycling is becoming increasingly popular in Cambodia, and bicycle tours are being seen as an active and exciting way for tourists to see the less noticed parts of the kingdom, said Adam Platt-Hepworth, the regional manager of Grasshopper Adventures, a bike tour company.
Grasshopper Adventures, at
S'ville Port Likely to Miss Bourse Registration Date
An official at the Sihanoukville Autonomous Port yesterday said the state-owned firm would miss its target of registering with the Securities and Exchange Commission of Cambodia (SECC) next month, a key step before listing on the country’s nascent bourse.
Ho Hongsik, director of SBI Royal
Cambodian Workers Get Passports Back, Return Home
Fifty-eight Cambodian migrant workers, 40 of whom who were reportedly arrested and beaten by the police in Thailand’s Songkla province last month, returned to their home provinces on Saturday after their employer gave back their passports, said a worker representative yesterday.
“We don’t know yet if
Central Bank Halts New Licenses - For Now
Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players.
The decision appears to follow advice offered by the International Monetary Fund earlier this year that
Beeline Appoints Second Boss in Three Months
Mobile operator Beeline announced Friday the appointment of the company’s second new general-director in less than three months. Said Abbadi, who formerly worked as CEO of Newroz Telecom in Kurdistan, started as Beeline Cambodia’s new boss on July 17, the company said in a statement.
The
Cambodia to enhance laws on intellectual property
Francis Gurry, director-general of the World Intellectual Property Organization (WIPO), on Monday pledged to continue helping Cambodia in formalizing and strengthening laws on intellectual property
Meanwhile, Hun Sen highly appreciated the WIPO for its assisting Cambodia in the sector, saying that since Cambodia became a member
Laos makes moves on building Mekong dams
Even as its controversial Xayaburi Dam project is still drawing protest from Mekong river downstream countries such as Cambodia, Laos has inked a deal with South Korean firms to build and operate another large hydropower plant on the Mekong River network.
According to the Phnom Penh
Top Hotels Fully Booked Ahead of East Asia, Asean Summits
Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday.
“We are completely full during the
Cambodia greets 2.86 mln foreign visitors in 10 months
Cambodia attracted approximately 2.86 million international tourists in the first ten months of this year, up 24 percent over the same period last year, a report of the tourism ministry showed Wednesday.
The report said Vietnam remains the largest source of foreign visitors to Cambodia
http://news.xinhuanet.com/english/travel/2012-11/28/c_132004445.htm
Demand for satellite cities low: report
Phnom Penh, which currently has six satellite cities under development, may be jumping the gun in terms of the demand for them, according to a new report from global real estate firm CBRE.
In its latest MarketView report, CBRE says bluntly that currently “demand for satellite
http://www.phnompenhpost.com/index.php/Real-Estate/demand-for-satellite-cities-low-report.html
UN,Cambodia jointly hold workshop on Sustainable Energy for All
The United Nations Development Program and Cambodian Ministry of Industry, Mines and Energy on Thursday jointly held a workshop on Sustainable Energy for All ( SE4All) in order to discuss the future of sustainable energy in Cambodia.
The workshop, opened by Suy Sem, Minister of Industry,
http://news.xinhuanet.com/english/world/2012-12/13/c_132038593.htm
Cambodia opens first largest sugar cane factory with $150 million investment from local company
Cambodia today opened first largest sugar factory in Kampong Speu province, western part of city of Phnom Penh with $ 150 million investment from a local company which employs 2 554 workers.
Ly Yong Phat, owner of Sugar factory ( Phnom Penh sugar company) said: his
Government promotes clean cities in Cambodia
Tourism officials have launched a new initiative called the Eco-Club designed to promote environmental awareness and improve the image of Cambodian cities through better management and disposal of plastic bags.
The program aims to recruit Cambodian youth to spread the word and educate the broader community
http://www.phnompenhpost.com/Business/government-promotes-clean-cities-in-cambodia.html
Firm Ordered to Temporarily Stop Clearing in Prey Long Forest
Authorities in Kompong Thom province have ordered the owners of a Vietnamese rubber company to temporarily cease the clearing of part of Prey Long forest after local farmers alleged that the firm was encroaching on villagers’ land.
About 300 members of the Prey Long People’s Network
Maruhan bank opens Laos office in Vientiane
Cambodian-Japanese bank Maruhan Japan opened an office in Vientiane, the capital of Laos, on Saturday, making it the second Cambodian bank and the first Japanese bank to come to that country.
Maruhan’s presence in Laos would boost economic and investment ties between the two ASEAN member
http://www.phnompenhpost.com/2013021861422/Business/maruhan-bank-opens-laos-office-in-vientiane.html
Cambodia launches $200 mln irrigation project in eastern provinces
The government launched Thursday a $200 million project to divert water from the Mekong River to irrigate 300,000 hectares of rice fields in Prey Veng, Svay Rieng and Kampong Cham provinces.
Under the first phase, estimated to cost $100 million, canals will be restored between
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MzIxZTMyNDAzMjV
ICT growth continues
The expansion of Cambodia’s information and communications technology sector was highlighted at the ICT Expo on Diamond Island yesterday, as the sector’s bellwether companies continue to eye the Kingdom.
Sony Corp, which took part in the eighth annual expo for the first time this year, set
http://www.phnompenhpost.com/index.php/2012050455965/Business/ict-growth-continues.html
Guesthouses rebut calls for fair prices
Hotel and guesthouse operators have pushed back against government calls to avoid price increases during holidays, claiming group booking, as well as supply and demand, dictated the price of accommodation.
Government officials, including Prime Minister Hun Sen, have recently tried to dissuade operators from raising the
Q1 exports to Thailand soar
Cambodia’s exports to Thailand jumped 55 per cent year on year in the first quarter of 2012 on what experts and officials said was a smoother political relationship between the countries, as well as an easing of Thai border regulations.
The Kingdom shipped US$85.4 million in
http://www.phnompenhpost.com/index.php/2012051656176/Business/q1-exports-to-thailand-soar.html
