Hun Sen Calls on Public to Help Protect Tonle Sap Fisheries
Prime Minister Hun Sen yesterday marked National Fish Day by urging the public to report anyone fishing inside the Tonle Sap conservation area he established earlier this year to help protect and revive the lake’s vital fish stocks.
“People have to dare to stand up and
Campu and Acleda Post Strong Earnings for First Six Months
Despite being downgraded by Moody’s just over two months ago, profits at Cambodian Public Bank (Campu) and Acleda Bank—two of the largest banks in the country—increased by about 50 percent during the first half of the year, according to figures provided by the banks yesterday.
In
New home not where the heart is for Xayaburi locals
For the past several days, Boonma and seven other Houay Souy villagers have travelled back to their homes near the Xayaburi Dam building site on the Lao side of the Mekong River. Since the beginning of the year they have been relocated to a new
Reporting on Sonando Case Shows Differences in Local Media
The 20-year jail sentence for independent radio station owner Mam Sonando made headlines around the world yesterday, but coverage of Mr. Sonando’s case was markedly different in local Khmer-language media yesterday, particularly national TV where not a mention was made.
While the three major Khmer-language newspapers-
Strikes at two factories stretch into weekend
More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers.
Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an
illegal
Security puts construction on hiatus
Owners of the upscale 240 Phnom Penh condo development said yesterday that they have stopped construction, for the time being, in order to ensure the security of the nearby US ambassador’s residence.
“Construction at ‘240 Phnom Penh’ luxury apartments has been temporarily suspended whilst our
Villagers Accuse Police Chief of Illegal Logging
Villagers in the Prey Lang forest in Kompong Thom province have filed the complaint with the provincial court and the Forestry Administration accusing a commune police chief of involvement in logging high-grade timber, officials and villagers said yesterday.
The complaint, thumbprinted by 210 people, alleges that
Cambodia exposed to large fiscal risks from disasters
Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned Wednesday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in
The Cambodian Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=NzMyZGM3M2ZiN2Y4ODU1ZDM0ODJjYmI5NDQwMTM3
No plans for Islamic banking services yet
WHILE investments from the Middle East into Cambodia are expected to increase over the next few years, the central bank here currently has no plans to launch Islamic banking services.
Recent events like Qatar Airway’s Doha-Phnom Penh flights, which launched earlier this month, have been expected
http://www.phnompenhpost.com/2013022761645/Business/no-plans-for-islamic-banking-services-yet.html
Mega-bank joins forces with Canadia
CANADIA Bank and Japan-based Tokyo-Mitsubishi UFJ signed a memorandum of understanding (MoU) on Wednesday agreeing to work together to tap the flow of Japanese investors into the Kingdom.
The MoU was signed by Canadia Bank chief executive officer Michael Lor and Masato Miyachi, the general manager
http://www.phnompenhpost.com/2013030161679/Business/mega-bank-joins-forces-with-canadia.html
Bokor Resort Helps Attract More Tourists In Kampot
Bokor Mountain: The Bokor resort located on the top of Bokor mount in Kampot, on May 3rd, was inaugurated as the government believes it capable of propelling the local economy into greater growth.
The project includes three asphalt roads of a total 49 krn along with the five-star Thansur (heaven) Bokor Highland Resort, which
Workers at Factories Supplying Major Brands Continue Protests
About 3,000 garment workers from two factories that supply clothes to international brands Levi Strauss, H&M and Gap continued protesting for higher wages yesterday in Phnom Penh’s Meanchey district, before marching to the Ministry of Social Affairs.
Upon arriving at the ministry, workers employed by the
Australian Gov’t Ordered Railway Investigation
The Australian government yesterday said it has been aware of poor working conditions and inappropriate surveying methods used on Cambodia’s railway rehabilitation project since February and had ordered that the project’s partners investigate the matters.
“The Australian Government was alerted to possible concerns about workplace health
Water Supply Stock Falls Back to Initial Value
The share price of the Phnom Penh Water Supply Authority (PPWSA), the only stock so far to trade on Cambodia’s recently launched bourse, fell yesterday to the lowest price since its first day of trading nearly three months ago.
At the day’s close, stock in PPWSA
Push for trade in yuan increasing
Slowly but steadily, demand to do cross-border business in Chinese yuan is pushing its way into one of Asia’s dollar-dominated strongholds.
As China continues to liberalise the yuan – or at least hint at when some capital controls could be lifted – Cambodian businesses that import
http://www.phnompenhpost.com/index.php/2012072557593/Business/push-for-trade-in-yuan-increasing.html
Loans, deposits mirroring growth
Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth
http://www.phnompenhpost.com/index.php/2012072457572/Business/loans-deposits-mirroring-growth.html
Cambodia And Vietnam Trade Continues To Grow In 2012
Trade between Vietnam and Cambodia exceeded US$1.9 billion dollars in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday.
Speaking at a news conference, an association official said Vietnamese exports to Cambodia came to $1.6 billion in the seven
Kenya wants flights and rice imports
The Ambassador of African country Kenya, Richard Titus Ekai, told Deputy Prime Minister Sok An on Wednesday that he would like to see direct flights between Phnom Penh and Nairobi.
Sok An met Kenyan Ambassador Ekai at his office to discuss the initiative regarding direct flights
Buyers Laud Renewal of Industrial Relations Agreement
As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness.
Modeled after an earlier pact from 2010 to prevent work
Gold struck in Mondulkiri
An Australian company working towards mining gold from the Okvau deposit in Mondulkiri province, currently estimated at 729,000 ounces, expects to employ more than 1,000 local people during the mine’s construction phase and 500 in the longer term.
Renaissance Minerals managing director Justin Tremain told the
http://www.phnompenhpost.com/index.php/2012101159244/Business/gold-struck-in-mondulkiri.html
