Government aims to boost lobster industry
A new lobster-breeding program could generate up to $600 million in revenues over the next five years, according to Nao Thuok, director of the Fisheries Administration at the Ministry of Agriculture Mr Thuok first mentioned the new breeding program at a meeting in Phnom Penh hosted ...
ACLEDA, Tong Yang sign MoU
Tong Yang Securities (Cambodia) and ACLEDA Securities yesterday signed a memorandum of understanding to partner the services they offer to the Kingdom’s budding financial markets. To expand their footprint in the market, the companies aimed to provide a combination of advisory and underwriting services for companies ...
http://www.phnompenhpost.com/index.php/2011102752376/Business/acleda-tong-yang-sign-mou.html
High food prices shrink imports in third quarter
Food and beverage imports in the Kingdom fell more than 70 per cent in the third quarter, as high international prices and the growth of domestic production dragged on demand. About 192,580 tonnes of food and beverage products entered Cambodia between July and September, down 72 ...
Land titles sought in Kompong Thom
The Kampong Thom provincial governor issued a letter on Tuesday to villagers living in Santuk district, ordering them to provide documentation confirming their ownership of land they reportedly “purchased” from brokers after it had already been assigned to relocated families, officials said yesterday. Deputy district governor ...
Boeng Kak residents stand firm, continue protests
For the third time this week, Boeng Kak residents protested on Friday over claims that their land rights have been violated. More than 50 residents gathered outside the Srah Chak commune office to complain that a sub-decree issued by Prime Minister Hun Sen in August, ...
As rice harvest begins, grain's price soars
As the harvest of the wet season rice crop gets under way in many parts of the country, rice prices have started to increase, rice millers said yesterday. They said prices were now up about 15 percent compared to the same time last year, but ...
Rubber industry growth a priority
Cambodia aimed to become one of the region’s main rubber producers over the next few years despite the industry’s low international recognition, officials said during the second Global Rubber Conference, held in Phnom Penh on Friday. To that end, the Kingdom had encouraged companies and investors ...
http://www.phnompenhpost.com/index.php/2011112852994/Business/rubber-industry-growth-a-priority.html
MFI survey claims debtor success
A survey by Cambodian microfinancers showed debtors were better off in several respects than those who didn’t borrow from the institutions, MFI officials claimed. Responding to recent concerns over the role of microfinance institutions in creating poverty and loss of property in the Kingdom, the Cambodia ...
Villagers in Prey Long Forest seize load of illegal timber
Faced with continued illegal logging in Prey Long forest, villagers in Kompong Thom province’s Sandan district once again took the initiative to seize a large haul of illegal timber from local loggers. Villagers, however, said that local officials are complicit in the logging ring and ...
Dwindling water supplies put dry-season rice haul in danger
Dry-season rice farmers in some areas west of the Tonle Sap River and in eastern provinces are appealing to the government for help as the reservoirs they rely on for irrigation are drying up faster than usual, farmers and officials said yesterday. Officials at the ministries ...
Rubber investments in Kingdom jump 255%
Investment in Cambodian rubber plantations increased by 255 per cent in 2011 on rising global demand for the commodity. There were 20 new projects worth US$675 million in the Kingdom last year, according to data from the Council for the Development of Cambodia. There were nine ...
Airline ups stake in fuel fight
The dispute that grounded a Tonlesap Airlines plane on Tuesday and stranded more than 200 passengers in Siem Reap and Taipei, Taiwain, continued yesterday, as plane owner Far Eastern Transport upped the sum it claimed Tonlesap owed for fuel. Far Eastern grounded a plane it had ...
http://www.phnompenhpost.com/index.php/2012022354679/Business/airline-ups-stake-in-fuel-fight.html
Protesting Garment Workers to Resume Work
After four days of protests, which at times grew violent, striking garment workers at the Manhattan Qing Dao Textile Corp in Kompong Cham province said they would be resuming work Monday after reaching a tentative agreement with the company. on Thursday, more than 1000 workers ...
Interior Ministry Sends SEZ Investigation Results to Court
The Interior Ministry said yesterday that it has sent the results of an investigation into last weeks’s triple shooting of protesters at a special economic zone (SEZ) in Svay Rieng province to the provincial court there. Ministry spokesman Lieutenant General Khieu Sopheak did not reveal any ...
Union Leader Asks Governor To Set Statue Discussion Dates
Free Trade Union (FTU) President Chea Mony yesterday wrote to Phnom Penh Governor Kep Chuktema, reiterating a request to set a date for talks over the construction of a statue honoring his assassinated brother, the late FTU leader Chea Vichea. Permission to build the statue was ...
Supreme Court Wants $200K Cash Deposit in Renakse Case
The Supreme Court has requested that the owner of Phnom Penh’s shuttered Renakse Hotel deposit $200,000 with the court as proof that it is able to pay compensation to the hotel’s former manager, a lawyer said yesterday. In 2008, the ruling CPP sold the French colonial-era ...
Hun Sen Urges Action to Double Region's Bailout Fund
Prime Minister Hun Sen on Friday urged the economic leaders of the Asean bloc to go through with a plan to double a bailout pool, funded largely by China, Japan and South Korea, to prevent future financial crises in the region. Opening the Asean Finance ...
Petition timed to Hu’s visit stymied by police
Two villagers from Koh Kong province involved in a land dispute with a Chinese company were detained for questioning on Saturday afternoon, halting their plans to file a petition with the Chinese embassy during President Hu Jintao’s visit. Thirty-three other villagers who had planned to deliver ...
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