ការអភិវឌ្ឍ និងការគ្រប់គ្រងទីក្រុង
Revenues for S'Ville Port Hit $14M in Five Months
Revenues generated at the Sihanoukville Autonomous Port increased 13.6 percent to $14 million in the first five months of 2012, compared to the same period last year, a port official said yesterday. Lou Kimchhun, director-general of the port, said that revenues came from a 9 percent ...
Phnom Penh Asean Meeting Braced for More S China Sea Talks
A dispute over territory in the South China Sea is once again set to hang over talks when China and the U.S. join in on a week of high-level Asean meetings that start in Phnom Penh on Friday. So far, the Ministry of Foreign Affairs has ...
Office space growing as more firms set up shop in Phnom Penh
The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...
Sihanoukville port sees steady growth
Revenue at Sihanoukville Autonomous Port increased 13.6 per cent year on year between January and June, port officials confirmed yesterday. As the state-owned enterprise gears up for listing on the Cambodia Securities Exchange, the neighbouring Sihanoukville Special Economic Zone will play an increasingly important role in ...
http://www.phnompenhpost.com/index.php/2012070357157/Business/sihanoukville-port-growth.html
Boutique hotels rising
An increasing number of boutique hotels are appearing in Cambodia and attracting foreign investment, insiders say, including a US$2 million investment in the Governor’s House, a newly opened, 10-room boutique hotel in Phnom Penh. The number of boutique hotels in Cambodia has increased rapidly, particularly in ...
http://www.phnompenhpost.com/index.php/2012070257135/Business/boutique-hotels-cambodia.html
Garment Makers Gear Up for IPOs
Two foreign-owned garment manufacturers will submit disclosure documents to Cambodia’s capital market regulator next month, the companies’ underwriter Phnom Penh Securities Firm Plc. said yesterday. The initial public offerings for the two private companies, expected by the end of the year, should boost action on the ...
http://www.phnompenhpost.com/index.php/2012062957093/Business/garment-makers-gear-up-for-ipos.html
Manulife Enters Cambodia Market With Phnom Penh Office
Manulife Financial Corp. (MFC), Canada’s largest insurer, has opened an office in Phnom Penh, Cambodia, its first in the Southeast Asian nation. Manulife has about 40 people in its Cambodian unit, the Toronto-based insurer said today in a statement. ...
http://www.bloomberg.com/news/2012-06-28/manulife-enters-cambodia-market-with-phnom-penh-office.html
S'ville Port Likely to Miss Bourse Registration Date
An official at the Sihanoukville Autonomous Port yesterday said the state-owned firm would miss its target of registering with the Securities and Exchange Commission of Cambodia (SECC) next month, a key step before listing on the country’s nascent bourse. Ho Hongsik, director of SBI Royal ...
Inspiring tech entrepreneurship
The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...
http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html
Prisoners 'utilised' in violent eviction
Twenty convicts in Preah Sihanouk Provincial Prison were employed by military and local authorities to tear apart a nearby village on land slated for a second prison compound, villagers and rights groups alleged yesterday. However, prison authorities denied that any incarcerated people were involved in the ...
http://www.phnompenhpost.com/index.php/2012062557001/National-news/prisoners-in-eviction.html
Illicit Crocodile Farms Causing Price Collapse
An abundance of illegal crocodile smugglers operating without a license and exporting animals to Vietnam has led to the price of crocodiles dropping by more than half compared to the same period last year, breeders said yesterday. Loun Nam, president of the Crocodile Feeder Association, ...
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
City Defends Boeng Kak Project, Attacks Critics
The filling of Boeng Kak lake and the eviction of thousands of residents was necessary to root out the “prostitutes and terrorists” that were drawn to the area’s once-popular tourist zone, the Phnom Penh Municipality said in a statement yesterday. In a statement posted to its ...
Trade, Tourism To Get Boost Along Phnom Penh-Bangkok Route
Cambodia and Thailand are poised for a boost in trade and tourism following a new agreement taking effect today that simplifies procedures at a key border crossing between the two nations. “The ability to move people, goods, and vehicles across borders efficiently and responsibly is at the heart of regional economic integration,” said Craig Steffensen, ...
Bo Xilai associate arrested in Phnom Penh
Cambodian authorities yesterday arrested French architect Patrick Devillers – friend and business associate of disgraced Chinese politician Bo Xilai – and may be moving to extradite him to China to face unspecified charges there, police said. Phnom Penh Police Commissioner Touch Naroth confirmed the arrest to ...
In Phnom Penh, the Vespa Comes Back 'Officially'
“Vespa was in Cambodia before the war [and] Piaggio wanted to come back to the market in Cambodia, because the market is growing,” explained Frederic Bachelet, head of business development at Narita Vespa Co. Ltd. The company plans to break ground next week on ...
Cambodia, China Ink Seven Agreements
Cambodia and China, on June 13th, inked an agreement to strengthen their ties and showed they have become comprehensive strategic partners as ties between the two countries boosts bilateral trade to reach a level of 5 billion US dollars by 2017. Eang Sophallet, an assistant to Samdech Prime Minister Hun Sen, told media that ...
Villagers Protest High Electricity Charges
About 200 people from Siem Reap’s Angkor Chum district protested outside the district governor’s office on Friday, calling for private electricity company Duong Narin to lower its prices and asking the state electricity authority to connect to their area, protesters said yesterday. The residents of ...
Thailand, Cambodia launch direct bus services linking Bangkok, Phnom Penh
Poipet – Thailand and Cambodia on Thursday launched direct bus services linking Bangkok and Phnom Penh via the Aranyaprathet-Poipet border crossing, aiming to cut transportation costs, MOCT reported on June 15. Transport Minister Jarupong Ruangsuwan and Cambodian Public Works and Transport Minister Tram Iv Tek and representatives of the Asian Development Bank (ADB) co-presided at the ...
Gov't Denies Flouting Ban on Concessions
The government on Friday denied it had violated a moratorium on granting new land concessions when Prime Minister Hun Sen signed off on more than 20,000 hectares of land to three rubber companies 11 days after the ban was announced on May 7. According to documents ...
Court rules Nautisco solvent
Nautisco Seafood Manufacturing, once Cambodia’s premier seafood-processing company, will not undergo government-brokered restructuring after a Cambodian appeals court yesterday declared the company solvent. The ruling was a first test for the law on corporate restructuring and insolvency. The decision sounds positive for the company. But now the ...
http://www.phnompenhpost.com/index.php/2012061556808/Business/court-rules-nautisco-solvent.html
Land Concessions Signed After Hun Sen Ordered Moratorium
According to documents published in the latest Royal Gazette, Prime Minister Hun Sen signed off on three land concessions covering more than 20,000 hectares last month, 11 days after a moratorium on the granting of such concessions was announced. On May 7, Mr. Hun Sen signed ...
Court Clears Leopard Capital in Loan Case
The Court of Appeal yesterday dismissed a complaint by the Canadian-Cambodian shrimp manufacturer Nautisco Seafood Manufacturing Inc. alleging that the private equity firm Leopard Capital had purposely indebted the company for its own personal gain. According to the Sihanoukville-based shrimp company’s complaint, Leopard Capital, a partner ...
Passenger Traffic At International Airports Continues Upward Trend
Passenger traffic at Phnom Penh, Siem Reap and Sihanouk international airports saw a combined 18.9% growth in May 2012, with passenger numbers totaling 283,000, the report from SCA, society concession airport said on June 7. It adds: ‘This brings the year-to-date passenger arrivals and departures to 1.89 million, a sterling 21.8% jump.’ ...