Education overhaul needed to grow economy
Cambodia’s education sector needs a complete overhaul in order to reduce unemployment and successfully diversify the economy beyond garment manufacturing, according to a World Bank report released today. The report’s release came after investors and economists said at a trade and investment conference in Phnom Penh ...
Maids ban flouted, rights group claims
Despite Prime Minister Hun Sen’s indefinite ban on sending Cambodian maids to Malaysia, two recruitment agencies continued to send maids there yesterday, according to rights group Licadho Recruitment agency Top Manpower put seven recruits on Air Asia flight AK 273 to Kuala Lumpur yesterday morning, while ...
Broken promise spurs protest
Another chapter in the long-running land dispute between development firm Phanimex Company and the Borei Keila community unfolded yesterday as 70 residents once again called on the district governor and Prime Minister Hun Sen to intervene on their behalf. At the heart of the dispute is ...
http://www.phnompenhpost.com/index.php/2011102552324/National-news/broken-promise-spurs-protest.html
Firm refuses housing pleas
The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ...
http://www.phnompenhpost.com/index.php/2012011854001/National-news/firm-refuses-housing-pleas.html
Land protests increasingly met with force, rights group says
Human rights group Licadho raised the alarm yesterday over the increased use of armed force by authorities as they seek to suppress protests over Cambodia’s numerous land disputes. It noted that during the past two months, security forces have opened fire on villagers during three ...
Thailand’s gem industry may move to Cambodia
Cambodia could overtake Thailand’s gem export market to the United States within five years, officials said yesterday. Thailand’s growing economic status could soon disqualify it for tax exemption when exporting gems to the US market, but Cambodia’s standing as a Least Developed Country would allow it ...
Farmers to Sue Rubber Company, After Land Clearing
Five cashew farmers in Ratanakkiri province will file a lawsuit against Hong An Mang Yang K Rubber Development Company today at the provincial court after the company mistakenly burned down 13 hectares of cashew trees last week, a human rights official said on Friday. With cashew ...
Hundreds of Villagers Block Road to Protest Land Clearing
About 400 villagers in Kratie province’s Snuol district blocked national road 76A for three hours yesterday to demand that authorities release a villager who had been arrested earlier in the day for allegedly inciting villagers embroiled in a land dispute, villagers and a district official ...
Silver screen setting up
Sabay Company is set to open a cinema in Sorya Mall on August 4, aiming to become the second cinema in as many months to show licenced films in the Kingdom, Sabay Chief Commercial Officer Abhaya said yesterday. Legend cinema began showing primarily Hollywood movies in ...
http://www.phnompenhpost.com/index.php/2011072950715/Business/silver-screen-setting-up.html
City to Assess Damage to Riverside Buildings
Daun Penh district deputy governor Sok Penhvuth said yesterday that he had ent Phnom Penh Municipality a time line of events at a Vattanac Properties construction project that has severely damaged buildings along Phnom Penh’s Sisowath Quay. The report was sent ahead of the creation ...
International Tourists Up 13.4 Percent
The number of visitors arriving in Cambodia in the first six months of this year has increased 13.4 percent to 1,385,029, compared to the same period in 2010, Kong Sophearak, director of the statistics department at the Ministry of Tourism, said yesterday. The largest influx ...
Erdos Group plans laid bare
Documents obtained by The Post have shed new light on the scale of Chinese investment connected with the controversial Boeung Kak lake real estate project. The US$98 million project in northern Phnom Penh is the smallest of Mongolia Erdos Hongjun Holding Group’s planned investments in ...
http://www.phnompenhpost.com/index.php/2011080350842/National-news/erdos-group-plans-laid-bare.html
Proposed changes to reserve requirement meets controversy
A proposed increase in the reserve requirement would decrease lending and slow Cambodia’s economic growth, according to some bankers and experts. The National Bank of Cambodia is set to hold a meeting later this month discussing a possible raise of the reserve requirement from 12 ...
Region’s links crucial
Improved transportation links will assist further economic growth in the region, as Cambodia’s economy continues to improve, officials said yesterday. Ministers from Cambodia as well as China, Laos, Vietnam, Thailand and Myanmar met yesterday at the 17th Greater Mekong Subregion Ministerial Conference held in Phnom ...
http://www.phnompenhpost.com/index.php/2011080550888/Business/regions-links-crucial.html
Economic Census Sheds Light on Businesses
The Ministry of Planning yesterday released the preliminary results of the 2011 economic census, which found that Cambodia has a total of 503,008 businesses nationwide, of which nearly 20 percent are based in Phnom Penh. The census, which began on March 1 and was financed ...
Boeng Kak residents beaten back as homes razed
Excavators flattened eight houses and shops at the north end of Phnom Penh’s Boeng Kak lake on Friday as baton-wielding riot police pushed back distraught residents and badly beat one protestor who was among hundreds of locals who rallied against the latest round of demolitions. The ...
Payout for swept-away workers
The company constructing a dam in Koh Kong province, where seven workers were swept away in floodwaters earlier this month, has paid US$1,000 to the families of each of the men for funeral expenses, but is denying responsibility for the incident, an official said yesterday. Sok ...
Outlook on Campu 'negative'
Moody’s Investment Services yesterday announced a change in outlook for Cambodian Public Bank to “negative” from “stable”, citing increasing risks in the Kingdom’s banking system and exposure to slow-downs in Western markets. While CamPu Bank country head Phan Ying Tong said yesterday the company’s financial position ...
http://www.phnompenhpost.com/index.php/2011092151766/Business/outlook-on-campu-negative.html
Borei Keila residents appeal for governor's help
About 100 residents of Phnom Penh’s Borei Keila community embroiled in a long-running land dispute with the powerful construction firm Phanimex filed a complaint at the Prampi Makara district offices on Friday, seeking the intervention of Phnom Penh governor Kep Chuktema and demanding that the ...
Japanese mall buys swathe of prime real estate
In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...