Water plant means eviction for families in Sihanouk

Despite authorities turning a blind eye to their villages for more than 15 years, about 2,000 families living near Preah Sihanouk province’s Kbal Chhay waterfall face imminent eviction to make way for a clean-water processing plant, officials said yesterday. Prime Minister Hun Sen’s recent bold move ...

http://www.phnompenhpost.com/index.php/2012062156930/National-news/water-plant-means-eviction.html

Korean College for Siem Reap

Cheju Halla, a Korean university, plans to build a university of tourism and hospitality in Siem Reap next year, Tourism Minister Thong Khon told reporters yesterday at a meeting with Han Soo Kim, the new South Korean ambassador to Cambodia. The Ministry of Tourism has requested ...

http://www.phnompenhpost.com/index.php/2012062156924/Business/korean-college-siem-reap.html

Bo Xilai accomplice's location uncertain

Patrick Devillers, the French national and associate of disgraced Chinese politician Bo Xilai, seemed to be putting down roots in Cambodia. The architect – whose shadowy presence has been on the fringes of one of modern China’s largest political scandals – owned land and a restaurant ...

After Demolition, Colonial Building Site to Lie Dormant

The owner of a site in Phnom Penh where a 19th century French colonial building was demolished last week said yesterday she does not have enough money to follow through on plans to build a replica in its place. Kang Gheck Nai said it had always ...

Sweet deal

Stevia Nutra Corporation, a Canadian agro-business company, has announced its decision to grow stevia in Cambodia’s Kampong Speu province. The company will grow the plant, whose leaves are used as a sweetener or sugar substitute, on just over 20 hectares of land close to Phnom Penh. Stevia Nutra has incorporated Mighty MekongAgro Industries Co. Ltd, ...

http://www.etmcambodia.com/blog.php?article=481

A winning wager

Near the river in Phnom Penh and next to Diamond Island, there’s a huge, bunker-like building that is almost always a beehive of activity. Inside, there are people enjoying an evening concert or strolling around studying the decor, including large stone faces of the Buddha. Others, however, are occupied with more mundane matters-placing ...

http://www.etmcambodia.com/blog.php?article=474

Cathay United Bank Plans To Buy Stake In Cambodia Counterpart

Cathay United Bank, the banking arm of Cathay Financial Holding Co., has agreed to acquire a 70 percent stake in a Cambodia bank, the financial holding company said Thursday. With the acquisition, Cathay United Bank will become the largest shareholder in Singapore Banking Corp. Ltd. (SBC Bank), while the original Singaporean investors will retain the remaining ...

http://thesoutheastasiaweekly.com/

Cambodia Nothing To Fear From Openness And Competitions: Trade Minister

Cambodia so far has not feared for creating ASEAN economic community 2015 and deeper ASEAN and East Asia regional integration as the region will have free flow of goods, worker mobilization, finance and investment,” trade minister Cham Prasidh said on June 12. His announcement was made during the workshop of ASEAN economic community 2015. “We ...

http://thesoutheastasiaweekly.com/

Britain’s Fraud Office Probes Biofuel Scheme

A biofuel company is currently under investigation for fraud in the U.K. after millions of dollars of investors’ money was spent on a jatropha plantation in Banteay Meanchey province that never produced even a single drop of biodiesel. The company, London-based Sustainable Agro Energy PLC, had ...

Court to Question SEZ Shooting Witnesses Today

The Svay Rieng Provincial Court is scheduled to question two witnesses today over the shooting of three workers at a special economic zone (SEZ) on Feb. 20, investigating Judge Pech Chhoeut said yesterday. “We will question two more witnesses on Thursday,” Judge Chhoeut said. ...

Chinese Company Buy Leech From Cambodia

There are a number of Cambodian families employed to be leech catchers in Sor Yeav commune of Kampong Thorn province The villager Sin Ro Kar of Steung Sen district became a leech catcher and a Chinese company bought leeches from his villagers. “We do not know the reason of buying leeches and we ...

http://thesoutheastasiaweekly.com/

Cambodia, Japan Trade Volume Reaches $513 Million In 2011

“Two-way trade volume between Cambodia and Japan reached over $513 million in 2011 and it will be expected to increase further for 2012, a senior official from JETRO (Japan External Trade Organization) here said on Friday. Kiyotaka Doho said: Japan’s exporting to Cambodia was worth about $205,430,000 and it was increased about 129.8% for year-on-year. And ...

http://thesoutheastasiaweekly.com/

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