Land in wildlife sanctuary awarded to private firms
More than 17,000 hectares of land inside the Phnom Oral Wildlife Sanctuary have been awarded by Prime Minister Hun Sen to companies for for agroindustrial development. Two concessions were made of 9,059 hectares and 8,591 hectares in the Trapaing Chor and the Omlaing communes. The ...
Dragon Capital plans equity fund in Vietnam, region
20 per cent of a planned equity fund by Dragon Capital will be invested in Cambodia and Laos according to Bill Stoops, chief investment officer. The fund is called Dragon Capital Third Wave Fund and is based in Ho Chi Minh City, Vietnam. The fund ...
Rise in Worker Numbers Heading to South Korea
An expected 4,500 Cambodians are expected to be working in South Korea by the end of the year, up from the estimated 2,915 according to the Ministry of Labour. The strong economy in Korea combined with a Buddhist background is a big draw for the ...
Cracks Put Future of Historic Buildings in Doubt
Running down the middle of Mak Sitha’s newly renovated fashion boutique in Phnom Penh is a crack that is splitting her floor tiles in two. Yesterday, part of the floor at Lady Penh Designs began to cave into the ground. Like several other business and ...
Malaysian interest up in Cambodia’s land concessions
Lion Forest Industries Berhad will seek to acquire a 9,995 hectare concession In Cambodia, the latest In a number of Malaysian firms eyeIng the KIngdom to Increase land banks this year. The firm aims to cultivate rubber and palm oil on the proposed concession In Preah ...
K Speu Court Summons Three in Land Dispute
Three villagers have been summoned as a result of bloody clash last year stemming from a land dispute and eviction by the Kompong Speu Provincial Court. The 65 hectares of land have been awarded to Kuo Sheng a Taiwanese businessman by the Supreme court. Licadho, ...
Inflation rates driven by increases in food prices
The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National institute of Statistics’ latest figures. Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show. Experts said Cambodia’s ...
B’bang Protesters Seek Help in Land Dispute
About 60 villagers from Battambang province’s Sampov Loun district gathered in Phnom Penh’s Wat Botum Park yesterday to prtotested against a 4,065-hectare land concession granted to a company for agriculture development. Korng Sokheng, a representative for 1,850 families, said villagers submitted a petition to Prime ...
Rice exports face challenges from foreigners in Cambodia
Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report. Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas ...
http://vietnambusiness.asia/rice-exports-face-challenges-from-foreigners-in-cambodia
Cruise Ship Arrivals Dip 31% in First Half
The number of visitors arriving by cruise ship in Sihanoukville dropped steeply in the first six months of the year compared to the same period last year, a Tourism Ministry official said yesterday. A lack of attractions in Sihanoukville and high visa fees were keeping ...
US firms eye new markets in the Kingdom
VISA, Mastercard, Dell and Cisco Systems have been added to a growing list of US companies looking to enter the Cambodian market, according to Frances Zwenig, counsellor of the US-ASEAN Business Council. The financial services and information technology companies joined GE, Chevron, Johnson & Johnson ...
Land rights acrimony in AusAID Asian project
A TAXPAYER-FUNDED development project is mired in controversy after the Cambodian government launched a crackdown against land rights organisations critical of the compulsory resettlement of families. The Cambodian government has cautioned a small group of foreign organisations against stirring up unrest among those being forced off ...
Dozens protest in Phnom Penh over land loss
Sixty villagers from Kratie province staged a protest Friday in Phnom Penh’s Wat Botum Park, claiming that their land had been grabbed by three private companies, and appealed to Prime Minister Hun Sen to intervene in their case. Slesh Vansoekrya, a representative of the villages, said ...
Kampot pepper prices expected to grow in January
The Kampot Pepper Association said yesterday that the price of pepper would increase in January to $8 per kg, up from $7 currently. Nguon Lay, president of the association, said that the price hike was due to strong demand from abroad and high production costs ...
Offshore energy claims open divisions in Southeast Asia
Depending on who you believe, the South China Sea could be the next Persian Gulf due to its untapped oil and gas deposits. It’s also a key shipping lane that the US Navy has guarded for decades. That’s why so many countries are sparring over remote ...
200 residents in land dispute prevented from registering
Residents involved in a long-running land dispute in Oddar Meanchey province’s Anlong Veng district have been prevented from registering to vote in next year’s commune elections, village representatives said yesterday. The village, Oambel, is not recognized by authorities as it forms part of a conservation area ...
Complaint filed against T&P in Banteay Meanchey
Thirteen construction workers have filed a complaint against the Banteay Meanchey provincial branch of T&P Co Ltd – the recruitment agency at the center of allegations involving illegal detainment of trainees – officials said yesterday. The workers, who had previously worked illegally as construction workers in ...
Kuch Naren, P.24
http://www.cambodiadaily.com
High food prices shrink imports in third quarter
Food and beverage imports in the Kingdom fell more than 70 per cent in the third quarter, as high international prices and the growth of domestic production dragged on demand. About 192,580 tonnes of food and beverage products entered Cambodia between July and September, down 72 ...
China firm plans bauxite processing plant in Kratie
China’s Erdos Hongjun planned to build a bauxite processing plant in Kratie province as part of the company’s US$1.5 billion venture in the Kingdom’s northeast, provincial officials said yesterday. The plant would serve Erdos’s mine in neighbouring Mondulkiri, an exploration licence for which was granted by ...
Villagers block national road in call for land
More than 250 villagers blocked National Road 48 yesterday in Koh Kong province while protesting against their eviction from their Kiri Sakor district homes, slowing traffic for more than eight hours, officials said Prom Sann, a representative for the villagers, said the protesters represented 250 families ...