Acleda readies to open Myanmar’s first micro-finance firm
Cambodia’s largest bank is ready to launch its first micro-finance institution (MFI) in Myanmar, but one final barrier remains: an operating licence from Myanmar’s government. Acleda Bank’s chief executive, In Channy, expects the licence to be granted by the end of this month. Once that is done, ...
Factory name change fires up workers
More than 5,000 workers went on strike in Kandal province’s Ang Snuol district yesterday after discovering the owners had changed the name of their factory almost two years ago, a union representative said. Concerned that the name change from Tai Yeng to Tai Nan in 2010 ...
New Phnom Penh Overpass Will Affect About 100 Families
More than 60 families will have their homes destroyed to make way for a new overpass in Phnom Penh’s Meanchey district once construction begins in June, according to a statement posted Saturday on the city’s website. The overpass spanning Monireth Boulevard will displace 66 families and ...
Mysterious excavators cleared protected area
Kampong Thom provincial authorities have confiscated more than two dozen dirt excavators in Stoung district over the past week after the machinery had been allegedly used to dig up land for development in a protected area used primarily for breeding fish. Hang Thol, a military police ...
Prasac moves towards becoming a bank
Prasac, a leading micro-finance institution in Cambodia, had increased its registered capital from US$3.8 million to $20 million in preparation for its transformation into a commercial bank by 2014, the institution said yesterday. “The registration requirement of $37.5 million is a very small amount to ...
UN envoy focuses on land disputes in Cambodia
A UN envoy has called on the international community to pay more attention to human rights issues in Cambodia. The call comes amid ongoing land disputes and legal harassment of activists. Surya Subedi is the United Nations Special Rapporteur on human rights in Cambodia and has submitted ...
http://www.abc.net.au/news/2012-10-01/an-cambodia-human-rights/4289544?section=business
Thai prices ease as intervention distorts regional trade
Thailand’s rice intervention scheme is distorting trade around Southeast Asia, attracting rice smuggled from neighbouring countries into Thai government stockpiles, but genuine business remains slack and Thai prices have fallen this week. Cheap rice from Cambodia and Myanmar is finding its way into Thai government warehouses ...
Senator's 2nd Sugar Refinery to Start Up Monday
Two years after breaking ground, a sugar refinery situated on a pair of controversial plantation belonging to CPP Senator Ly Yong Phat and his wife will have its first test run on Monday, Prime Minister Hun Sen said yesterday. He said the refinery would be ...
Cambodian economy expected to grow 7 pct in 2013: official
Cambodia’s GDP is projected to grow by 7 percent this year even though the global economy remains fragile and high risk due to persisting sovereign debt crisis in Europe and sluggish economic recovery in the United States, a commerce official said Monday. Last Tuesday, the ...
Villagers’ homes levelled in Pursat
A coalition of about 30 soldiers, police, forestry officials and military police armed with chainsaws razed some 40 houses belonging to villagers in Pursat province’s Santre commune yesterday, claiming the villagers were illegally living in a state forest, villagers and officials said. According to resident Chin ...
High electricity rates spark Kompong Cham protest
Residents in Kompong Cham province’s Kompong Siem district yesterday continued to protest in front of a commune official’s house for a second straight day over a private electricity provider whose rates they say are too high. Protesters say that Loun Sopheap Electric Company is still charging ...
Cambodia, Among Others, Feeding China's Demand for Timber
The growing market for timber in China is leading to widespread logging around the world, including in Cambodia, according to a report released yesterday. The report from London-based NGO the Environmental Investigation Agency (EIA) – entitled Appetite for Destruction: China’s trade in illegal timber – outlines ...
Regional Workers Need More Protection, Advocate Says
With Thailand threatening to oust undocumented workers, Asean must do more as a region to protect its migrant workers, a leading rights advocate says. More and more workers are crossing the borders between Asean countries, and the region looking to lower trade barriers, so workers need ...
http://www.voacambodia.com/content/regional-workers-need-more-protection-advocate-says/1574026.html
RISDA To Open Two Plantations In Cambodia
The Rubber Industry Smallholders Development Authority (RISDA) is opening two plantations in Cambodia, its director-general Datuk Wan Mohamad Zuki Mohamad said Wednesday. He said discussions had been held with the companies that would be tasked with managing the plantations last week. “We are now awaiting approval ...
http://www.bernama.com.my/bernama/v7/ge/newsgeneral.php?id=964158
Rubber firm is felling state forest: villagers
Villagers who confiscated land-clearing equipment during a forest patrol yesterday in Khsuem commune in Kratie province’s Snuol district are claiming the equipment belongs to a rubber concessionaire attempting to expand into state land, an allegation local authorities denied. Villager representative Mom Sokkin said the Binh ...
Navy arrests 4 Cambodian rosewood smugglers
Royal Thai Navy ships intercepted a Cambodian fishing boat illegally smuggling 10 million baht in Siamese rosewood out of the kingdom. The HTMS Chao Phraya staffed with military, customs and forestry office personnel captured the 18-meter-long fishing vessel carrying 296 logs in its fish holds ...
http://www.pattayamail.com/localnews/navy-arrests-4-cambodian-rosewood-smugglers-25782?ref=pmci
Cambodia's trade with Japan up 24 pct in 8 months
The two-way trade between Cambodia and Japan has hit $503 million in the first eight months this year, up 24 percent over the same period last year, the figures from the Japan External Trade Organization said Tuesday. Cambodian exports to Japan rose 39 percent to $358 ...
Global Times Staff
http://www.globaltimes.cn/content/816224.shtml#.UlS3adKBmN8
Family evicted after ‘Death threats’
An ethnic Jarai family has been evicted from their Ratanakirri province village where they say they received death threats over a land dispute. This is the third time the family has abandoned their home after they field a lawsuit against three commune authorities in 2011, alleging ...
Phak Seangly, P.6
http://www.phnompenhpost.com
Ningbo Thermal to Establish JV in Cambodia
Ningbo Thermal Power (shse:600982) will invest less than USD 16.67 million in building a thermal power arm to develop a heat and power cogeneration project in Sihanoukville Special Economic Zone (SSEZ), Cambodia. The joint venture will be responsible for building the heat and power cogeneration ...
Menafn.Com News Staff
http://www.menafn.com/7e447384-ee07-4dd1-b250-d464da6e40c1/Ningbo-Thermal-to-Establish-JV-in-Cambodia?src=main
Temasek unit opens bank in first Cambodian investment
A unit of Temasek Holdings Private Ltd has opened a new bank in Cambodia with local partners in the first investment by the Singapore state investor in the country, the Straits Times reported on Friday. The bank has 11 branches in seven provinces, with five ...
Eveline Danubrata and Sunil Nair
http://www.reuters.com/article/2013/09/27/singapore-press-idUSL4N0HN05120130927