S. Korea's Booyoung to build new town in Cambodia
Booyoung Co., a mid-sized South Korean conglomerate, said Tuesday that it broke ground for one of the largest housing projects in Cambodia, a project Cambodia hopes to spur foreign investments. Booyoung said it will build 40 apartments and seven residential and commercial complexes on 2.7 square ...
http://english.yonhapnews.co.kr/business/2013/05/07/45/0501000000AEN20130507006500320F.HTML
Workers Get Benefits, Not Jobs
India’s ambassador to Cambodia, Dinesh Patnaik, said yesterday that his government will pay outstanding benefits to about 30 restoration workers who lost their jobs at Siem Reap province’s Ta Prohm temple in February – but will not reinstate them. The entire restoration team – more than ...
http://www.phnompenhpost.com/2013050965505/National/workers-get-benefits-not-jobs.html
Anti-laundering law gets tougher penalties
The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...
http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html
New Kompong Thom Governor Vows to Give Land to Evictees
The newly appointed Kompong Thom provincial governor on Tuesday promised more than 500 families who were forcefully evicted by a Vietnamese rubber plantation more than three years ago that they would be given replacement land to farm on early next month. Security forces evicted villagers from ...
Ministers sign deals to bolster trust
Thailand and Cambodia have signed four new agreements focused on bolstering trust and maintaining security. Defence Minister Sukumpol Suwanatat made the announcement after the 9th GBC meeting at Wangjuntr Golf Park in Rayong’s Wang Chan district. He said one of the four agreements concerned the spread of ...
http://www.bangkokpost.com/news/local/350635/ministers-sign-deals-to-bolster-trust
ASEAN power chiefs to follow up power grid plan
Leaders of ASEAN power utilities and authorities gathered on Thursday to follow up the progress of the ambitious ASEAN power grid action plan, which was set to inter-connect power lines in the 10 ASEAN member states by 2020. Speaking to reporters after the opening ...
http://www.chinadaily.com.cn/world/2013-05/23/content_16525904.htm
Cambodia’s students to get schooled in tourism
Young Cambodians will now learn about tourism in grades 11 and 12, according to the new curriculum for public education that was launched yesterday. The development is aimed at enhancing quality in the tourism sector, officials said during a press conference. The new curriculum covers the ...
Duty-Free Agreements Worry Minister
Duty-free agreements between regional competitors and foreign importers would put the Cambodian garment industry at risk, Commerce Minister Cham Prasidh said last week. Speaking to reporters after a meeting, Prasidh warned that the Kingdom’s garment sector would not be able to maintain its competitive edge over ...
http://www.phnompenhpost.com/2013060366010/Business/duty-free-agreements-worry-minister.html
Cambodia, next powerhouse for Asean investors
The success Qatar’s Ooredoo had with being issued a mobile phone licence in Myanmar is an encouraging development for Middle East investors who are looking into the possibility of entering a venture or opening a business in Southeast Asia. Let’s take a look at Cambodia. ...
http://www.gulf-times.com/business/191/details/359376/cambodia,-next-powerhouse-for-asean-investors
Sealed docs our call: council
The Constitutional Council yesterday said it has the power to order the National Election Committee to open the sealed documents monitors say could prove election irregularities, but stopped short of saying it would actually do so. Election monitors have called on the NEC to open documents ...
http://www.phnompenhpost.com/national/sealed-docs-our-call-council
Cambodia's oil imports down 5.6 pct in first half of 2013
Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm
Property prices stagnant following election
Although house prices increased sharply in early 2013, they have remained stagnant following the national election last month. Kuy Vat, the President and CEO of VTrust Group, said housing prices in many projects remain unchanged, because most customers are waiting for the formation of the new ...
Siv Meng
http://www.phnompenhpost.com/real-estate/property-prices-stagnant-following-election
Heng Samrin urges opposition to negotiate, join parliament
National Assembly Chairman Heng Samrin has urged the opposition Cambodia National Rescue Party (CNRP) to negotiate with the ruling Cambodian People’s Party (CPP), and join the government’s parliamentary sessions. The appeal was made after the National Assembly kicked off its session on Thursday to elect the ...
The Cambodia News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NGZkZjc2MTdhNGI
Cambodia's banking sector stable despite ongoing political row over poll results
Cambodia’s banking sector remains stable with steady growth in business operations even though political tension between the ruling party and the opposition party over election results is still going on, Central Bank’s chief said Friday. “The banking sector has been developing soundly, in terms of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-08/23/c_132657163.htm
Booyoung Town moves slowly ahead
The plan to build the US$1.1 billion Booyoung Town commercial city and housing estate on Russian Federation Blvd near the 7 Makara Bridge is moving forward slowly while the political situation remains unclear. Despite the political situation, construction at Booyoung Town was slowly moving forward and ...
Siv Meng and Hin Pisei
http://www.phnompenhpost.com/real-estate/booyoung-town-moves-slowly-ahead
Chinese tourists warned of expensive counterfeits in Siem Reap
PHNOM PENH (The Cambodia Herald) — Chinese Tourism companies have warned their citizens visiting Siem Reap province not to buy gifts or souvenirs from vendors for fear of expensive counterfeit products. A tourist guide in Ankor Wat, Siem Reap said that this happens a lot because ...
The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MzFkMGQwMzM1YmM
Group Lease aims to raise Bt3.4 bn for expansion
Group Lease plans to raise Bt3.4 billion from shareholders to expand its main motorcycle-leasing business aggressively and enter other types of “small credit” businesses here and in neighbouring countries, especially Cambodia, over the next two years. The company is reportedly negotiating to take over a ...
The Nation News Staff
http://www.nationmultimedia.com/business/Group-Lease-aims-to-raise-Bt3-4-bn-for-expansion-30216061.html
H&M may raise prices to pay workers
Clothing giant H&M is considering raising retail prices and passing the buck onto the consumer to help pay higher wages to garment workers in poor countries. There won’t be any price increases in the short-term, but it “might be a possibility” in the future, Helena Helmersson, ...
Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/hm-may-raise-prices-pay-workers
Anti-tank mine explodes, killing 6 in Cambodia
Six farmers were killed on the spot and another one seriously injured after a home-made tractor ran onto an old anti-tank mine in northwestern Preah Vihear province, police chief confirmed Thursday. The accident occurred in a forest in Chom-ksan district when the tractor hit the mine ...
http://news.xinhuanet.com/english/world/2013-08/15/c_132632791.htm
Cambodian pro-opposition trade unions urge garment workers to join mass protest
The Cambodian pro-opposition trade unions on Thursday called on garment workers, civil servants and common people to join a massive nonviolent demonstration against the July 28 election results. In the election, Prime Minister Hun Sen’s party gained the victory. The Cambodia National Rescue Party (CNRP) of long-time ...
Xinhuanet News
http://news.xinhuanet.com/english/world/2013-09/05/c_132694046.htm