Cambodia to boast its first tractor factory
Cambodia will soon boast its first tractor assembly plant, with operations expected to begin by the third quarter of this year. The one-hectare plant, in Phnom Penh’s Por sen Chey district, is a joint venture by Belarus-based Minsk Tractor Works, one of the world’s biggest tractor producers, ss='cambodia-color'>...
http://www.phnompenhpost.com/2013020461165/Business/cambodia-to-boast-its-first-tractor-factory.html
Cambodian education investor explains his turn to real estate
Chea Sokheng, general director of Arizon Group Ltd, a potential inveStor in Cambodia&rSquo;S education and real eState SectorS, Said that inveStment in education iS a main contributor to developing human reSourceS and growth of the national economy. Though he mentioned the opportunity to inveSt in the SS='cambodia-color'>...
Mfone Profits Cut in Half in First Quarter
Thaicom Public Company Ltd., which owns a majority stake in local phone operator Mfone, announced on Friday that they have devalued the company by about $1.31 million as profits in the first quarter dropped by half. “In an effort to reflect the fair value of its ss='cambodia-color'>...
Garment workers' strikes pay off
The determination of 3,000 garment factory workers in Kampong Chhnang province’s M&V factory has finally paid off. Workers will return to the factory floor today after management finally agreed to their four-point list of demands yesterday, after initially refusing to budge. Noun sam Ol, deputy president of ss='cambodia-color'>...
Equipment Seized From Plantation at Center of UK Fraud Probe
Forestry Administration officials have seized equipment valued at $1.5 million from a Banteay Meanchey province biofuel plantation, which is being investigated for fraud in the UK, company and forestry officials said yesterday. sustainable Agro Energy’s assets were frozen in February and investigators at the U.K.’s ss='cambodia-color'>...
Reported Cases of Land Grabbing Decrease
The number of new land disputes reported in the first six months of this year decreased by 38 percent compared to the same period in 2011, according to data released by rights group Licadho last week. According to the figures, which represent 15 of the country’s ss='cambodia-color'>...
Men Sarun to export canned noodles to the US and ASEAN
The producer of Mee Yeung instant noodles is set to expand its business by investing Us$1 million in equipment to produce noodles for export, said a company official. The new machines will be delivered from China and will be able to produce 6,000 cases or ss='cambodia-color'>...
Cambodia's export growth falls
Increased labour strife in the garment sector and slumping Western economies contributed to a slow-down in Cambodia’s exports during the first six months of the year, with total growth dropping by about 74 per cent year on year. Exports rose, to Us$2.5 billion, up 12 per ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012072357550/Business/export-growth-falls.html
Alleged rosewood loggers shot dead by Thai troops
Three Cambodians were shot and killed early on saturday morning after engaging in a firefight while illegally logging along the Thai border, officials said yesterday. The three are believed to have been shot after crossing from Battambang’s samlot district into Thai territory while logging luxury rosewood “The ss='cambodia-color'>...
2013 National Budget to Rise Above $3B
Government spending next year will total more than $3 billion, a 16.2 percent increase from the $2.6 billion set aside for 2012, according to a draft of the national budget obtained Friday. The budget states that the government will allocate some $400 million, or 13.32 ss='cambodia-color'>...
http://www.cambodiadaily.com/business/2013-national-budget-to-rise-above-3b-5428/
Maruhan Japan Bank buys stake in MFI – Sathapana
Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. The shareholders who sold out to Maruhan were FMO, ss='cambodia-color'>...
http://www.cbre.com.kh/2012/11/maruhan-japan-bank-buys-stake-mfi-sathapana/
CPI: cost of living falls slightly
The Kingdom’s consumer price index declined by 0.1 per cent in October for the first time in 2012 due to a decline in food and gasoline prices and a stable Us dollar exchange rate, according to official data released by the National Institute of statistics ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012112359895/Business/cpi-cost-of-living-falls-slightly.html
Cambodia: Prime Minister Hun Sen Mocks Land Dispute
Cambodian Prime Minister Hun sen mocked a group of ethnic minority villagers who tried to petition him on Friday about their land dispute in northern Cambodia’s Rattanakiri province, after they were stopped from presenting their complaint during his visit on a land-titling campaign. Hun sen was ss='cambodia-color'>...
http://www.eurasiareview.com/08122012-cambodia-prime-minister-hun-sen-mocks-land-dispute/
1.5 mln hectares of land concessions granted
Hun Sen announced that 1.5 mln hectareS of Economic Land ConceSSionS were granted to private companieS. 1.2 mln hectareS, 80 percent, of the conceSSionS are uSed for rubber plantation Sector. He Said, that Cambodia Still maintain[S] 9.2 mln hectareS of foreSt land even though 1.5 mln SS='cambodia-color'>...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=OWU3Nzc3ODg4YjY
Pursat Police Official Charged Over Illegal Fishing
The Pursat Provincial court on Friday charged Krakor district’s judicial police bureau chief for taking bribes in order to allow illegal fishing in the Tonle sap Lake, officials said yesterday. [Hong Bunthoeun] stands accused of accepting bribes to allow illicit fishing in parts of the Tonle ss='cambodia-color'>...
Sellers seek compensation
Wholesalers and retailers of bankrupt Cambodian telecommunications company Mfone are seeking compensation for their stock of the mobile provider’s obsolete scratch recharge cards. Wholesalers say the issue is also affecting retailers’ confidence in purchasing recharge cards of other providers, and is slowing sales. Pann Chesda, general manger ss='cambodia-color'>...
http://www.phnompenhpost.com/2013040364852/Business/sellers-seek-compensation.html
Villagers getting ready for DM Group hearing
The Ratanakkiri Provincial Court has issued letters to 11 ethnic Tampuon villagers from the province’s Lumphat district, instructing them to prepare for a hearing over accusations of using violence on the property of rubber company DM Group. DM Group first began setting up rubber plantations in ss='cambodia-color'>...
Adhoc Investigator Under Investigation for Inciting Protest
Officials in Ratanakkiri province are investigating the provincial coordinator for rights group Adhoc for incitement after he helped villagers organize a demonstration, ultimately canceled, against a Vietnamese rubber company in O’Yadaw district. Mr. [Chhay] Thy, [Adhoc’s Provincial Investigator] said yesterday that he met with about ss='cambodia-color'>...
Web hacks a risk for banks
Growing cyber attacks on government institutions and infrastructure could pose a threat to Cambodia’s vulnerable banking sector, officials with the National Cambodia Computer Emergency Response Team (CamCert) said yesterday. speaking at the fifth annual Banking and Microfinance Conference at the Intercontinental Hotel in Phnom Penh yesterday, ss='cambodia-color'>...
http://www.phnompenhpost.com/2013060766124/Business/web-hacks-a-risk-for-banks.html
No protests, please: EU, UK push for peaceful solution
In meetings with Interior Minister sar Kheng held on sunday, both the EU and British ambassadors said they did not want opposition demonstrations “which would frighten [the] Cambodian people,” state news agency AKP reported. While the Us government has issued a strongly worded statement since ss='cambodia-color'>...
The Phnom Penh Post
http://www.phnompenhpost.com/national/no-protests-please-eu-uk-push-peaceful-solution