Police Search for Counterfeit Riel Notes in Prey Veng
Police in Prey Veng’s Peamro district are searching for a rice trader who paid a traditional healer with counterfeit money, and suspect that more of the fake bills could enter circulation. Neak Loeung commune police chief Chhin Sophal said the unnamed woman had paid 45,000 ...
Protesting villagers ordered home
Officials from Prime Minister’s Hun Sen’s cabinet yesterday accepted the petition Of 110 Preah Vihear villager representatives seeking intervention in a land dispute with defunct NGO DARPO. Hun Sen cabinet member Nov Ra told villagers who protested in front Of the prime minister’s house to return ...
Insurance becomes next emerging market
Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential ...
Bonna Reality inks deal with Malaysian real estate developer
Bonna Realty Group yesterday signed an agreement with the National 6A Investment, a Malaysian real estate developer, to be an authorised sales agent for a 10-storey condominium that is currently being constructed and is expected to be finished by the end of 2014. The National 6A ...
SH protesters to keep striking
More than 700 workers at the SH International factory in the capital’s Po Sen Chey district have vowed to keep striking, despite the Ministry of Labour saying it could not help solve their dispute because their demands were “excessive”. The workers protested again yesterday outside the ...
UN Sees Cambodian Economic Growth Slowing in 2012
Economic growth in Cambodia is estimated to reach 6.7 percent this year, a 0.2 percent drop compared with 2011, the U.N. said in a report released on Friday, citing a modest slowdown in exports from Cambodia to the U.S. and Europe. In its Economic and Social ...
Families on Rubber Company's Land Face Eviction Deadline
Surrounded by 100-armed police officers, authorities in Mondolkiri province yesterday said the roughly 200 families living on a rubber company’s land concession in Koh Nhek district have until Friday to leave their homes. After having already seen district police burn down three of their homes over ...
Boeung Kak takes case to Assembly
About 200 people, including activist monk Loun Savath, rallied outside the National Assembly in Phnom Penh yesterday in support of the 13 Boeung Kak women sentenced to prison in a three-hour trial last Thursday. Supporters of the women, including villagers, unions and human rights groups, called ...
China to lend hand in battle with killer virus
China yesterday pledged to provide medical experts and funding to assist the investigation and clinical management of a virus that has killed more than 60 Cambodian children. Eang Sophalleth, personal spokesman for Prime Minister Hun Sen, told reporters the pledge had been made during a meeting ...
Chinese firm plans investment in Cambodia
PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided to establish an overseas branch office in Cambodia to focus on the threeprojects. Pan did not say when the projects will be started. Heng Samrin pledged full support for those projects, which he said will be good to boost thedevelopment of Cambodia’s economy. “Foreign investment is a key factor to accelerate economic development in Cambodia,” he said. ...
http://www.chinadaily.com.cn/business/2012-08/08/content_15652416.htm
Rights Groups File Lawsuit Over Land Meeting Breakup
Two local human rights groups filed lawsuits yesterday at the Ratanakiri Provincial Court accusing commune and village officials of defamation and intimidation after they disrupted land-rights training session last month. On July 26, a group of armed officials stopped Adhoc and the Cambodian Center for Human Rights (CCHR) ...
Cambodia needs to polish reputation
The chief economist at the Economic Research Institute for ASEAN and East Asia says Cambodia needs to attract greater numbers of multinational companies and treat them well, in order to establish production networks that will transfer technology to smaller Cambodian businesses. In an interview with the ...
PM arrives in Cambodia to attend ASEAN, East Asia summits
Prime Minister Manmohan Singh arrived in the Cambodian capital on Sunday to attend the ASEAN and East Asia Summits which will provide an opportunity for India to enhance its economic cooperation with the region amid lingering financial crisis in the western world. Singh is here for ...
http://ibnlive.in.com/news/pm-arrives-in-cambodia-to-attend-asean-east-asia-summits/306128-3.html
Families ask PM to help end dispute
About 500 families from three communes in Siem Reap province’s Chi Kraeng district are seeking the prime minister’s intervention in a dispute with a rubber company over 1,000 hectares of land. Siem Reap provincial governor Chan Sophal said on Wednesday that Cambodian People’s Party lawmaker Seang ...
Bangkok Airways Says Plane Was On Course
Bangkok Airways passenger plane that was shot at by a Cambodian soldier Wednesday night had been flying on its normal flight path from Siem Reap City to Bangkok, a representative of the airline said yesterday, contradicting earlier reports by Cambodian military officials that the aircraft ...
Growth in Cambodian service sector, says ADB
Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...
PTT sets Bt6bn budget for 5-year expansion
PTT has set aside up to Bt6 billion to carpet key Asean markets with more than 240 retail petrol stations over the next five years. President and chief executive officer Pailin Chuchottaworn said the company had earmarked spending of between Bt5 billion and Bt6 billion through ...
http://www.nationmultimedia.com/business/PTT-sets-Bt6bn-budget-for-5-year-expansion-30193279.html
Car sales sharply rise in Cambodia in 2012 due to strong economic growth
Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...
http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm
Shops to close, limit hours
Many restaurants, shops, supermarkets and tourist sites in Phnom Penh and Siem Reap will operate at a limited capacity or close entirely this Sunday as Cambodians line up at voting stations to elect a new government. “We will close the whole day on the 28th,” Kong ...
http://www.phnompenhpost.com/business/shops-close-limit-hours
5,000 Protest for Benefits in Kompong Speu
About 5,000 garment workers from a factory in Kompong Speu province, which manufactures clothing for U.S sports giant Nike, yesterday blocked National Road 4 demanding additional allowances, such as transport and maternity bonuses, a union representative said. The protest at Sabrina (Cambodia) Garment MFG Corp., in ...