Virtual Sam Rainsy Slapped With Actual Fine
The Provincial Election Committee (PEC) on Monday fined opposition leader Sam Rainsy $2,500 for verbally attacking Prime Minister Hun Sen from afar during a video-link speech beamed to supporters in Phnom Penh, officials said yesterday. Mr. Rainsy, who currently lives in self-imposed exile in Paris, was ...
UK foreign office minister in Cambodia delivers message of assurance despite EU troubles
Jeremy Browne, UK foreign office minister, told officials in Cambodia during a two-day visit that despite the current problems the European Union is having with its currency union and economies, ASEAN should not be discouraged from pursuing closer economic and even political coordination within the 1.0-member bloc. Speaking at the Council of Ministers in Phnom ...
Officer Suspended Over Land Program Graft
A local police official in Ratanakkiri province has been suspended for demanding money from villagers before adding their names to a list of people eligible for Prime Minister Hun Sen’s new land-titling program, police and villagers said yesterday. A total of 1,100 student volunteers are being ...
Ethnic Bunong Groups Granted New Land Titles
The government has completed the communal land-titling process for three ethnic Bunong communities in Mondolkiri province living on 1,000 hectares of land in Keo Seima district, villagers and a rights group said yesterday. The three new titles-which will bring to six the total number of communal titles granted ...
Rising tourism prompts ABA growth in Siem Reap
The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...
Drought Affecting 145,000 Hectares of Paddy
A lack of rain across the country is affecting more than 145,000 hectares of rice paddy and parts of the nation’s crop have already been completely destroyed, according to data released yesterday by the Ministry of Agriculture. Hem Sophal, director of the statistics department at the ...
Local markets still favorite
Markets like Olympic and O’Russey in Phnom Penh and the traditional fresh food markets in cities and towns across Cambodia are where the overwhelming majority of Cambodians get not only the food they eat, but also the basic household products they use. The shopping behavior data, provided by ...
http://www.phnompenhpost.com/index.php/2012100559118/Business/local-markets-still-favourite.html
Four People Injured After Two Buses Collide
Three Vietnamese nationals and one Cambodian were hospitalized Saturday after two commercial buses driving between Phnom Penh and Ho Chi Minh City collided in Svay Rieng province, police said yesterday. Ouch Sarun, provincial traffic police chief, said that the two buses [belonging to Van Rec. Co. Ltd., and ...
Cambodia's Trade Deficit Grows to Almost $2 Billion
Cambodia’s trade deficit reached $1.99 billion through the first nine months of the year, an increase of 33 percent compared to the same period in 2011, according to data released by the Ministry of Commerce on Saturday. Chinese state news agency Xinhua reported that the total value ...
Xayaboury dam simulation model unveiled
Scientists and international experts fine-tuning the design of the Xayaboury dam have unveiled a scale model of the planned run-of-river structure to ensure the most efficient level of sediment flushing. The 1:120 scale model simulates actual hydrologic flows and water velocities in the Mekong River at ...
AEC pushed back 12 months
Asean leaders have decided to delay the launch of the Asean Economic Community (AEC) for 12 months from Jan 1 to Dec 31, 2015 to prepare the necessary regulations. Lao deputy Prime Minister and Minister for Foreign Affairs Thongloun Sisoulith told the Bangkok Post that Asean ...
http://www.bangkokpost.com/news/local/321914/aec-pushed-back-12-months
Cambodia's unions cry foul on fainting figures
Union reps and government officials are offering significantly different – if both substantial – numbers in their year-end tallies of garment workers who fainted on the job in 2012. The Free Trade Union yesterday announced that the number of workers to faint in factories rose to ...
Million-dollar machine sweetens outlook
Local food producer Ly Ly Food Industry had invested about $1 million for a Chinese-made machine to improve production and food quality as it prepared for the coming regional economic community, the company’s owner said yesterday. Keo Mom said a tremendous amount of goods from neighbouring ...
http://www.phnompenhpost.com/2013032164553/Business/million-dollar-machine-sweetens-outlook.html
Labor committee announces minimum wage
The Labor Advisory Committee issued a joint statement on the decision to raise wages from $61 to $80 per month for garment and footwear workers. The statement was announced Friday, after a meeting between factory employers, union leaders and Labor Minister, Vong Soth. The wage provision ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTc2MjI0Y2JlMjV
Cambodia's economy to grow by 7.2 pct in 2013, stronger in 2014: ADB
Cambodia’s economic growth is forecast at 7.2 percent in 2013, picking up to 7.5 percent next year as recovery in Europe and the United States takes hold, according to the Asian Development Bank’s annual economic outlook released on Tuesday. The United States and Europe are the ...
http://news.xinhuanet.com/english/business/2013-04/09/c_132295116.htm
Cambodia’s Conglomerate in talks to buy communications satellite from China
Cambodia’s Royal Group of Companies is in negotiations to purchase a satellite from China Aerospace Science and Technology Corporation for its telecoms operations in Cambodia, Cambodian Minister of Commerce Cham Prasidh said Wednesday. Tycoon Kith Meng currently owns the kingdom’s largest mobile phone operator, Mobitel. ...
Huge Increase in MFI Loans, Deposits
More economic activity and a better understanding of using formal financial services among rural residents are leading to good loan performance rates and increases in savings deposits in Cambodia’s microfinance industry, according to industry sources. The loan portfolios of the 35 registered microfinance institutions (MFI) and ...
http://www.phnompenhpost.com/2013050265366/Business/huge-increase-in-mfi-loans-deposits.html
Sri Lankan company to plant 20,000 hectares of rubber in Cambodia
Sri Lankan agricultural group Lankem Ceylon PLC says it plans to plant 20,000 hectares of rubber in Cambodia as part of a diversification strategy. Lankem chairman A Rajaratnam disclosed the strategy in the company’s annual report for the year to March, 2012, released by the company ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OGEzOGYyMjJhYTI
Buffalo holders seek owner’s restitution
Jarai ethnic minority villagers in Ratanakkiri’s O’Yadav district are demanding compensation from a villager they claim illegally cleared a sizeable portion of their community forest this year. The villagers seized two carts transporting rosewood – and the four buffaloes pulling them – out of the forest ...
Phak Seangly
http://www.phnompenhpost.com/national/buffalo-holders-seek-owner%E2%80%99s-restitution
NGO alleges bribery over titles
An environmental protection NGO is preparing to file a lawsuit with the Kampong Speu provincial court and a complaint with the Anti-Corruption Unit against an Agriculture Department official who was allegedly paid by a development firm to issue land titles to villagers squatting on state ...
Phak Seangly
http://www.phnompenhpost.com/national/ngo-alleges-bribery-over-titles