Cambodian Workers Get Passports Back, Return Home
Fifty-eight Cambodian migrant workers, 40 of whom who were reportedly arrested and beaten by the police in Thailand’s songkla province last month, returned to their home provinces on saturday after their employer gave back their passports, said a worker representative yesterday. “We don’t know yet if ss='cambodia-color'>...
Central Bank Halts New Licenses - For Now
Despite receiving applications from banks looking to enter Cambodia’s market, the central bank has said it will offer no more commercial banking licenses as the market already has enough players. The decision appears to follow advice offered by the International Monetary Fund earlier this year that ss='cambodia-color'>...
Firm Posts fall In Profits on Slot Machines
Entertainment Gaming Asia Inc. (EGA), a U.s.-listed gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ss='cambodia-color'>...
Myanmar Airways flights to Cambodia to take off again
Myanmar Airways International (MAI) will resume its regular flights between Yangon and Cambodia’s two main international airports in early December after they were suspended for about three months. MAI started a twice-weekly schedule to siem Reap in late February, but suspended the route over the last ss='cambodia-color'>...
Regional Comprehensive Economic Partnership to create huge market
Cambodia’s AsEAN economic minister said the official launch of the negotiations for the Regional Comprehensive Economic Partnership (RCEP) will lead to potentially forming the biggest single market in the region and is much bigger than the traditional markets of the Us and the EU. An economist ss='cambodia-color'>...
Demand for satellite cities low: report
Phnom Penh, which currently has six satellite cities under development, may be jumping the gun in terms of the demand for them, according to a new report from global real estate firm CBRE. In its latest MarketView report, CBRE says bluntly that currently “demand for satellite ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/Real-Estate/demand-for-satellite-cities-low-report.html
Maruhan bank opens Laos office in Vientiane
Cambodian-Japanese bank Maruhan Japan opened an office in Vientiane, the capital of Laos, on saturday, making it the second Cambodian bank and the first Japanese bank to come to that country. Maruhan’s presence in Laos would boost economic and investment ties between the two AsEAN member ss='cambodia-color'>...
http://www.phnompenhpost.com/2013021861422/Business/maruhan-bank-opens-laos-office-in-vientiane.html
Most land disputes in Cambodia unsettled
Less than 30 per cent of complaints filed to the government’s National Authority for Land Dispute Resolution (NALDR) throughout 2012 were resolved, according to its annual report released yesterday. According to the document, distributed yesterday at the NALDR annual convention, the government body, which comprises representatives ss='cambodia-color'>...
http://www.phnompenhpost.com/2013022161535/National/most-land-disputes-in-cambodia-unsettled.html
Q1 exports to Thailand soar
Cambodia’s exports to Thailand jumped 55 per cent year on year in the first quarter of 2012 on what experts and officials said was a smoother political relationship between the countries, as well as an easing of Thai border regulations. The Kingdom shipped Us$85.4 million in ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012051656176/Business/q1-exports-to-thailand-soar.html
Casino to open in Ratanakkiri this August
A new US$3.5 million caSino will open in Ratanakkiri province, according to a repreSentative of Try Pheap Import Export Company. “We&rSquo;ll have a Similar kind of caSino to what they have in Bavet,” Bee Chivoan Dara Said. Try Pheap Mittapheap CaSino Entertainment ReSort iS built on more SS='cambodia-color'>...
Gold Mines Blamed for Cattle Deaths Shut Down
Authorities in Battambang province’s Phnom Proek district shut down eight unlicensed gold mines saturday and sunday after a study revealed they were producing toxic runoff blamed for the deaths of three cattle last week, officials said. Deputy governor Pech Choun said four mines in the area ss='cambodia-color'>...
Mondulkiri villagers decry torching of homes by police
More than 60 families in Mondulkiri province’s Roveak village in Rayum commune are worried about their safety and that of their housing after authorities deployed forces to surround their village on sunday following eviction orders from the government. Bun sokchea, 49, said that on saturday, Koh ss='cambodia-color'>...
Questions raised over migrant worker death
Authorities are investigating the death of a Cambodian worker that took place on Monday outside a factory in Thailand’s songkhla province, a Ministry of Foreign Affairs spokesman said yesterday. Phan Chem, a representative of Cambodian workers at siam International Food Co said a 19-year-old worker ss='cambodia-color'>...
Boeung Kak tale resonates in Washington
In Washington yesterday, sam Rainsy Party lawmaker Mu sochua lobbied Us government officials to withhold military funding to the Cambodian government if it does not meet two political demands ahead of her meeting with secretary of state Hillary Clinton on Monday. Mu sochua said she would ss='cambodia-color'>...
Strikers move protest to Phnom Penh
Thousands of workers from Tai Yang Enterprise, a supplier for major brands including Levis and the Gap, will move their nearly three-week-old strike from their factory in Kandal province’s Ang snuol district to Freedom Park in Phnom Penh tomorrow in order to bring their petition ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012071057320/National-news/strikers-move-to-phnom-penh.html
Cassava plantings decrease
Cassava plantings in Battambang province dropped more than 18 per cent in the first half of the year compared to the same period in 2011, according to agriculture officials. The decease is a result of that previous year’s yield fetching a low price and farmers ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012072357551/Business/cassava-plantings-decrease.html
Goods smuggled en masse from Cambodia to HCMC
Various smuggled goods, mainly cigarettes, brandy and sugar, are being brought from Cambodia to Vietnam’s Long An and Tay Ninh Provinces before being transported to HCMC for sale, a Tuoi Tre investigation has found. On November 9, Tuoi Tre reporters pretending to be traders went to ss='cambodia-color'>...
Land dispute back in court
Seven repreSentativeS of 415 familieS entangled in an unreSolved land diSpute with a deputy commander of the Royal Cambodian Armed ForceS have received a Second SummonS to appear in Battambang Provincial Court to clarify accuSationS that they had vandalized the commander&rSquo;S property, “They not only SS='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012112059821/National-news/land-dispute-back-in-court.html
Ly Hour Group starts second project
Housing development company the Ly Hour Group said it has begun work on its second major project, called Vimean Phnom Penh The Commercial Zone, after its first project Vimean Phnom Penh was successfully completed. The company said the amount of traffic along Phnom Penh’s Chea sophara ss='cambodia-color'>...
http://www.phnompenhpost.com/2013010360593/Real-Estate/ly-hour-group-starts-second-project.html
Cambodia's inflation stands at 3 pct last year: central bank governor
Cambodia’s inflation rate decelerated to 3 percent last year, down from 4.9 percent in a year earlier, Governor of the National Bank of Cambodia (NBC) Chea Chanto said saturday. “This is a remarkable drop and the 3-percent rate last year is low and controllable,” he said ss='cambodia-color'>...
http://news.xinhuanet.com/english/business/2013-01/19/c_132113989.htm