ថាមពល
US firms eye new markets in the Kingdom
VISA, Mastercard, Dell and Cisco Systems have been added to a growing list of US companies looking to enter the Cambodian market, according to Frances Zwenig, counsellor of the US-ASEAN Business Council. The financial services and information technology companies joined GE, Chevron, Johnson & Johnson ...
Cambodia, Thailand Will Likely Resume Talks on Offshore Oil and Gas
Cambodia’s and Thailand’s governments will likely resume negotiations on offshore drilling for oil and gas which will bring mutual benefits of the area of overlapping maritime claims after Cambodia gave the green light for issues before the visit of new Thai foreign minister Surapong Tovichakchaikul ...
Report Says Reforms Were Hard to Drill Home at Petrol Authority
The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...
Digging deep outside the law
Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said George Boden, a campaigner at watchdog group Global Witness. Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said ...
http://www.phnompenhpost.com/index.php/2011090251412/Business/digging-deep-outside-the-law.html
Suthep Denies Secret Talks With P. Penh Negotiations Stalled Over Marine Oil, Gas
Democrat MP for Surat Thani Suthep Thaugsuban denies he held secret talks with Cambodian officials about oil and gas interests in the overlapping marine area during the tenure of the Democrat-led government. Mr Suthep, a former deputy prime minister, conceded yesterday he met Cambodian Deputy Prime ...
http://www.bangkokpost.com/news/local/254429/suthep-denies-secret-talks-with-p-penh
Court Extends Fee-Payment Deadline n K Chhnang Land Dispute
Kompong Chhnang Provincial Court has extended a deadline for 52 villagers embroiled in a long-standing land dispute with a development company owned by the wife of Minister of Industry, Mines and Energy Suy Sem to pay court fees, a court official and rights workers said ...
Oil dispute flares up
Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday. In a statement some commentators described as “coordinated attack” by ...
http://www.phnompenhpost.com/index.php/2011083151353/Business/oil-dispute-flares-up.html
Cambodia Welcomes Thai Talks Over Waters
Cambodia’s petroleum authority yesterday announced that it would like to renew discussion with Thailand in order to find a solution over disputed waters in the Gulf of Thailand widely believed to hold large quantities of oil and gas. Negotiations over how to split revenue from ...
Chinese Company Voices Interest in Cambodian Oil
Hong Kong-listed China Oilfield Services Ltd, an offshore services provider for the oil and gas sectors, is looking to start operations in Cambodia, according to an earnings report released by the company last week. “For the overseas market, apart from expanding and strengthening the overseas ...
Talks Urged for Disputed Oil Zone
Energy planners are pushing the revival of talks with Cambodia on the oil-rich overlapping claims area (OCA) between the two countries to ensure energy security. They also urge all parties not to turn it into a political issue so that the talks stand a chance ...
http://www.bangkokpost.com/business/economics/253345/talks-urged-for-disputed-oil-zone
Deals With China Inked
Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...
http://www.phnompenhpost.com/index.php/2011082251177/Business/deals-with-china-inked.html
Premier Defends Sesan Dam, Says Critics Are Scaremongering
Prime Minister Hun Sen defended the government’s plan for Strung Treng province’s 400-megawatt Lower Sesan 2 dam project in a letter to an SRP lawmaker, and accused opposition parties, NGOs and the media of exaggerating the negative impacts of hydropower dams. In the six-page letter ...
(English) Mekong environment ministers talk on sustainable economic development
Cambodia on July 28th hosted the 3rd Greater Mekong Sub- Region Environment Ministers to look forward to sustainable economic development in the region and to talk about current projects to reduce harm for regions and also to minimize several environmental challenges affecting natural resources, forest and ...
(Khem Sovannara and Chhorng Long Heng, p 7)
http://thesoutheastasiaweekly.com/?p=1289
Chevron talks oil production
Chevron Overseas Petroleum (Cambodia) has been actively exploring Cambodia’s offshore Block A, and applied for a permit to begin extraction from government authorities. Yesterday, The Post caught up with its President Steve Glick, who has been in his present role in Phnom Penh for about ...
http://www.phnompenhpost.com/index.php/2011080450868/Business/chevron-talks-oil-production.html
B Kak Firm Seeks Bauxite in Mondolkiri
Bauxite reserves in Mondolkiri province abandoned by Australian mining form BHP Billiton in 2009 are now being explored by China’s Mongolia Erdos Hongjun Holding Group, the same firm that is behind the controversial development of Boeng Kak lake in Phnom Penh. Kong Pisith, director of ...
Power Grid Key to Development
According to the Asian Development Bank (ADB) the regional and national power grids are key to development, though plans for their development have come under criticism by a number of NGOs who believe that power generation should be decentralized. The ADB’s Greater Mekong Subregion program ...
Climate change on agenda
Prime Minister Hun Sen yesterday called for greater regional cooperation to tackle a range of environmental problems in the Greater Mekong Sub-region, but did not specifically address the threat posed by dams. “I call on all countries in the Greater Mekong Sub-region to place more emphasis ...
http://www.phnompenhpost.com/index.php/2011072950721/National-news/climate-change-on-agenda.html
Cambodia eyes solar future for rural power
Cambodian officials yesterday touted the potential for green energy to meet its goal of bringing electricity to 100 percent of households by 2020. The Kingdom was looking to develop solar energy, small-scale hydropower and biomass-fuelled power to meet the target, said Ministry of Industry, Mines and ...
Block A oil partner inks finance deal
Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration ...
Complaints Submitted in K Chhnang Land Dispute
A development company owned by the wife of the Minister of Industry, Mine and Energy Suy Sem has been the target of 40 civil complaints received by the provincial court of Kompong Chhnang province. Chea Kheng claims she owns the 214-hectare plot of which 69 ...
Third worker killed at hydrodam
Ouch Nob, an electrician, was killed while working at the Russei Chrum Kraom river hydropower construction site. Last week two Chinese nationals also working at the site died. China Huadian Hong Kong Limited has agreed to pay the victim’s family $4,700 in compensation. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/third-worker-killed-hydrodam
Shipments increase at Sihanoukville Port
Shipments of freight through Sihanoukville Autonomous Port have seen a 14 percent growth in the second quarter of the year. The number of units passing through the port has risen by 8.6 percent compared to the same period last year. The majority of the shipments ...
Leopard Spots More Investment Opportunities
Approximately US $75 million will be invested in Cambodia and Laos by Leopard Capital. The company will focus on financial service, agriculture and power. The 10 year fund is targeting annual returns of 25 percent and will favor renewable energy sources. ...