Investment law to be revised
The government is planning to revise the Kingdom’s investment laws this year to draw more foreign direct investment as the country adjusts to the fast-changing regional and global landscapes, according to Secretary General of the Council for the Development of Cambodia (CDC) Sok Chenda Sophea. Speaking ...
http://www.phnompenhpost.com/2013030861826/Business/investment-law-to-be-revised.html
Cambodia, Vietnam telecoms jointly launch Super Highway Network
State-owned Telecom Cambodia (TC) and Vietnam Telecom International (VTI) on Friday jointly launched Super Highway Telecom Network in order to improve Internet and telecom services in Cambodia and to meet customer’s demands, said a joint press release. The 260-kilometer super highway link connects VTI’s POP (Point ...
http://news.xinhuanet.com/english/world/2012-04/20/c_131541368.htm
Two injured after steel mill accident in capital
An explosion at a steel mill in Phnom Penh’s Meanchey district left two employees seriously injured over the weekend, authorities said. Mao Saroeun, Stung Meanchey commune police chief, said that around 10pm on Sunday there was a small, loud explosion at a mill owned by the ...
SEZ Shooting Suspect Under Court Supervision
The Svay Rieng Provincial Court has placed former Bavet City Governor Chhouk Bundith under court “supervision” after questioning him last week in connection to the Feb. 20 shooting of three female factory workers, according to investigating Judge Pech Chhoeut. Mr. Chhoeut said the ex-governor was questioned ...
Rains Lead to Reduction in Salt Harvests
Heavy rainfall in April and May has cut salt production by a third in Kep and Kampot provinces even though farmers extended the harvest season there by a month, farmers said yesterday. Last year, farmers were able to produce about 90,000 tons of salt on 4,500 ...
'Hong Kong Land' Project Pushed Back to 2013
Property development firm Hongkong Land (HKL) will not break ground on a 10,700-square-meter mixed-use office and retail project in Phnom Penh’s Daun Penh district until at least 2013, officials at the firm said Thursday. HKL acquired the property behind the U.S. Embassy in April 2011 as ...
Cambodia's Mfone ordered to repay $3.7M debt
Norway-based Eltek Valere has won a court injunction against Mfone, the Cambodian mobile subsidiary of SET-listed satellite operator Thaicom, for its failure to pay outstanding service charges. According to The Bangkok Post on Monday, citing court documents, the Phnom Penh Municipal Court ruled in favor of ...
http://www.zdnet.com/cambodias-mfone-ordered-to-repay-3-7m-debt-7000006879/
Kingdom’s trade deficit widens
Cambodia’s total exports increased more than 13 per cent in the first nine months of this year, with a year-on-year comparison indicating a widening trade deficit. A private-sector representative, an exporter and an independent economist said the slow growth was mainly due to the slowing of ...
http://www.phnompenhpost.com/index.php/2012110759621/Business/kingdoms-trade-deficit-widens.html
Chea Vichea Murder Case Back in Court
The two men convicted of – and widely believed framed for – the 2004 assassination of union leader Chea Vichea are set to appear at the Appeal Court for their retrial today, nearly four years after the Supreme Court released them and ordered a reinvestigation ...
Slight fall in food price index
Global food prices fell 1 per cent or two points in the October 2012 Food and Agriculture Organisation’s (FAO) Food Price Index released on October 7, 2012. The index averaged 213 points, compared to September’s revised level of 215 points. According to the FAO, the decrease ...
http://www.phnompenhpost.com/index.php/2012110959664/Business/slight-fall-in-food-price-index.html
Weaving woes -Cambodia’s silk sector faces possible extinction as economic realities force artisans to abandon the craft
In the not-so-distant past, visitors to Koh Dach, an island in the Mekong River about 15 kilometers outside of Phnom Penh, were often struck by the sound as well as the sights that met them there. Among the many crafts on display by local artisans, ...
Full text of ASEAN Human Rights Declaration
Herewith the full text of the ASEAN Human Rights Declaration adopted by Southeast Asian leaders Sunday: WE, the Heads of State/Government of the Member States of the Association of Southeast Asian Nations (hereinafter referred to as “ASEAN”), namely Brunei Darussalam, the Kingdom of Cambodia, the Republic of ...
Jarai ethnic minority win temporary victory over forest
Local authorities have stepped in to halt construction around a disputed land concession in Ratanakkiri province in an attempt to discover whether the company has the right to clear forest that residents claim they depend on to survive. In what appears to be a rare showing ...
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, ...
http://www.phnompenhpost.com/2013020461165/Business/cambodia-to-boast-its-first-tractor-factory.html
New Year to boost plant sales in Phnom Penh
Sales of plants and flowers will reach a high during the Lunar New Year celebrations in Phnom Penh, which start on Sunday, as more customers than ever before buy floral decorations for their houses, flower shop owners in Phnom Penh predicted. “During the weekend many people ...
http://www.phnompenhpost.com/2013020461162/Business/new-year-to-boost-plant-sales-in-phnom-penh.html
Qatar Airways ready to launch daily flights to Cambodia's capital
The Doha-based Qatar Airways will operate its daily flights from Doha to Phnom Penh, the capital of Cambodia, from Tuesday, Cambodia’s tourism minister Thong Khon said Monday. “Tomorrow (Tuesday), the airline will launch daily flights from Doha to Phnom Penh via Ho Chi Minh City, Vietnam,” ...
Mondolkiri Villagers Fear Imminent Eviction
In a land dispute with overtones of last week’s deadly eviction in Kratie province, villagers in Mondolkiri province yesterday said dozens of police were surrounding their houses and threatening to force them out of a private land concession. Sen Sophon, one of about 200 families in ...
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 ...
VimpelCom may sell units in Africa and Asia
Russian giant pulling back to core markets to achieve more rational structure and raise funds for investment Russia’s VimpelCom is considering selling many of its subsidiaries in Africa and Asia to focus on more “mature” markets, according to reports. The Financial Times newspaper says that the operator ...
http://www.rethink-wireless.com/2012/10/30/vimpelcom-sell-units-africa-asia.htm
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 ...