Cambodia to levy economic land concessions tax
Cambodian Prime Minister Hun Sen on Friday ordered investors in economic land concessions (ELC) to pay tax from the sixth year of their investment in a bid to speed up their agricultural production. The premier decided that investment companies receiving ELCs must pay the land tax ...
http://news.xinhuanet.com/english/world/2012-09/28/c_131880215.htm
The Week at the CSX: September 28-October 3
The price of Phnom Penh Water Supply Authority stock over the Sept. 27- Oct. 3 period was only KHR 6,200 (US$1.54), under the IPO price of KHR 6,300 (US$1.56), for nearly the whole week. But on Oct. 3, the price rose to the IPO price again, ...
Land Dispute Protesters' Request Has Little Effect
Prime Minister Hun Sen’s Cabinet yesterday said it would take no action on a request from about 100 villagers living inside a social land concession in Preah Vihear province seeking a resolution to an ongoing dispute over 5,000 hectares of land. Since 2007, villagers have protested ...
Trade barriers hinder growth of Cambodia's export industry
Cambodia could reap even greater benefits from trade facilitation measures in the Greater Mekong Subregion (GMS) by removing high logistics costs, delays and other barriers that hamper the country’s connectivity and competitiveness, according to a new Asian Development Bank (ADB) book released here on Thursday. “Cambodia’s ...
Pchum Ben not spared traffic deaths, injuries
Twenty-six people died and another 85 were seriously injured on roads in the final three days of Pchum Ben this year. The toll is only marginally fewer than last year, when 75 separate traffic accidents caused 98 people to be admitted to hospital with serious injuries ...
Hun Sen Slams Use of Wife's, Red Cross' Name to Grab Land
Prime Minister Hun Sen on Saturday accused unnamed individuals of attempting to grab land in Kompong Thom province by invoking his wife’s name and ordered one of his sons to investigate and give back any misappropriated land. According to Mr. Hun Sen, unscrupulous individuals were ...
Govt okays 5-nation rice trade zone
The cabinet yesterday approved the Commerce Ministry’s plan to develop a rice trade partnership with Cambodia, Laos, Myanmar and Vietnam to stabilise international rice prices According to a source at the Commerce Ministry, the rice trade zone project will begin with Cambodia and will involve rice ...
http://www.bangkokpost.com/news/local/320895/govt-okays-5-nation-rice-trade-zone
Aeon starts building Cambodia mall
Japanese mall operator Aeon Co. broke ground Monday on Cambodia’s first foreign-financed mall. “We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs and we want to stay deeply rooted in Cambodia and we want to ...
Cambodia organizes large-scale trade fair to boost import-export activities
The 7th Cambodia Import-Export Promotion Exhibition kicked off here on Saturday, aiming at promoting local trade and trade between the country and its foreign trading partners. The four-day event, held at the capital’s Diamond Island Exhibition Center, brought together products from 21 countries around the world, ...
http://news.xinhuanet.com/english/business/2012-12/15/c_132042699.htm
Cambodia greets 333,900 Chinese tourists in 2012, up 35 pct
Cambodia attracted 333,900 Chinese tourists last year, a 35 percent rise compared with 247, 200 Chinese visitors in a year earlier, according to a report of the Ministry of Tourism on Tuesday. “We see a steady rise of Chinese tourists to Cambodia from year to ...
http://news.xinhuanet.com/english/travel/2013-02/12/c_132165732.htm
Passport fee latest wrinkle in factory workers’ Thai plight
A rights group has raised concerns that up to 100 Cambodian migrant workers at a Thai seafood processing factory will be stranded abroad in less than a week without any income because they cannot afford to pay a passport fee demanded by their employer. Of the ...
Slow outlook for 2012 rice exports
Rapidly increasing logistics costs and low regional rice prices would hinder Cambodia’s rice-export target this year, with one expert saying that milled-rice exports could fall to half of last year’s shipments. The cost of shipping rice to Europe climbed by more than 50 per cent between ...
Ministry Meets Striking Union Representatives
Ministry of Social Affairs officials yesterday conducted a meeting between the owners of a factory, which produces clothing for H&M, Gap and Levi Strauss, and its workers, but threatened to file a complaint against the Coalition of Cambodian Apparel Workers Democratic Union (CCAWDU), union representatives ...
Honda Factory Workers Strike To Reinstate Union Officials
About 300 workers from a Phnom Penh factory that assembles Honda motorcycles went on strike yesterday to rally for the reinstatement of their union representatives, in accordance with an order by the Arbitration Council, union representatives said yesterday. Yoeurng Sopheara, a legal officer at Cambodia Labor ...
US Official Meets Asean Leaders Over Corruption
U.S. Ambassador to Asean David Carden met with judges and Justice Ministry representatives from all 10 Asean countries in Phnom Penh yesterday to discuss the importance of fighting against corruption and upholding the rule of law for foreign investors. “Cambodia will prosper if outside investment comes ...
Poisonous produce
More than 200 people in Cambodia’s eastern Svay Rieng province were hospitalized after eating imported vegetables from Vietnam that were not properly washed or cooked, the French-based Pasteur Institute of Cambodia has confirmed after running tests. The case has highlighted an already acknowledged need for more domestic vegetable production and less dependency on imported produce. The ...
Police Detain Recruitment Agency Chief for Suspected Fraud
The director of a recruitment agency in Siem Reap will face fraud charges today at the provincial court for allegedly taking money from victims in exchange for promised jobs in the U.S., police said yesterday. Hong Bunhav, chief of research and investigations section of the Siem ...
Cambodian farmers plant rice in a paddy field in Kampong Speu province
Cambodian farmers plant rice in a paddy field in Kampong Speu province August 21, 2012. A drought has hit Cambodia during its rainy season destroying more than 100,000 hectares of crops across the country, a government spokesman told Reuters on Tuesday. According to National Committee ...
Gov't Official Says UN Envoy's Reports Favor Opposition
Om Yentieng, president of the government’s Cambodian Human Rights Committee, yesterday accused U.N. human rights envoy Surya Subedi of pandering to the opposition party and trying to stifle the work of the national court system through his examination of Cambodia’s rights situation. Mr. Yentieng, who also heads the Anti-Corruption ...
Cambodia city port sees 16% surge in shipments in 9 months
Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...
http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm