ព័ត៌មាន
NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total ...
Letter holds key for Tai Yang
It’s been marked by violence, fervent protests and a stream of recriminations, but now bureaucracy is hampering efforts to resolve the seven-week-long strike at the Tai Yang and Camwell factories, which supply Levi’s and Gap, a trade-union advocate said yesterday. Dave Welsh, country director of the American ...
Increase in tourists equals more operators
The number of tour operators registered with Ministry of Tourism increased by more than 10 per cent in the first half of this year compared to last year due to an upswing in the number of tourists visiting the Kingdom, insiders say. Figures from the tourism ministry showed ...
Senator Kok An's Case Back in
The Appeal Court yesterday began hearing now-incarcerated former Anco Brothers deputy general director Heng Chheang’s appeal against Senator Kok An’s requested Phnom Penh Municipal Court injunction over his property. Chheang, and his wife, Tep Kolap, former Phnom Penh International University director, were convicted and sentenced to ...
Approved investment drops
Latest figures show the total value of approved investment in the Kingdom declined by more than 70 per cent in the first half of this year compared to the equivalent period a year before. Economists and officials are unconcerned, however, saying that some big projects during ...
http://www.phnompenhpost.com/index.php/2012081457967/Business/big-dip-in-approved-investments.html
Cambodia Cancels Concessions Threatening Forests
Cambodia annulled licenses to four private firms whose concession of 40,000 hectares threatens Prey Lang, one of the richest national forests. A letter from the Council of Ministers to the Ministry for Agriculture, Forestry and Mining, in charge of managing the forests and the natural resources, ...
City Hall May Cut Airport Expansion Project in Half
The 30,000-square-meter expansion of Phnom Penh International Airport may be halved, saving some of the 262 families living on adjacent land from eviction, a government official said yesterday. Despite the possible change in plans, a majority of families could still face eviction because they live ...
Trafficked fishermen released-for a price
A group of eight Cambodians held for ransom on a Thai fishing boat were freed over the weekend after their families paid 1,000 baht (US$32) per person to a human trafficker in Thailand who is still holding another nine victims, victims and police said yesterday. The ...
Public, Private Sector Air Concerns on Growth
A lack of economic diversity, faith in the banking sector and slow growth in vocational training and education topped the list of concerns among economists and investors yesterday at a meeting organized by the Asian Development Bank (ADB) and the government. According to data released ...
NagaCorp to Construct New Election Committee Building
Phnom Penh’s only licensed casino, NagaWorld, has agreed to build a brand-new 15-story tower for the National Election Committee (NEC) as part of its plans to invest $369 million in expanding its current operations over the next three years, an official at the casino said ...
ADB maps Kingdom's needs
The private sector and industry professionals were engaged yesterday in the first consultation with the Asian Development Bank (ADB) and the government in an effort to understand the factors affecting Cambodia’s economy, and ultimately determined that human capital, infrastructure, innovation and regulatory issues as the key areas ...
Bank to study loan possibilities for rice
Delegates from the Import-Export Bank of China will visit Cambodia next week to discuss loans for the rice-processing and exporting sector, according to government officials. Son Kunthor, president of the state-owned Cambodian Rural Development Bank, said yesterday that Chinese delegates will come to study the feasibility of ...
Borei Keila Land Dispute Residents Pray for Help
Former residents of the Borei Keila community who are embroiled in a land dispute with the Phanimex firm gathered yesterday for prayer service in an appeal to the government to resolve their dispute. The residents claim the company failed to provide replacement housing or land to ...
Villagers Restart Prey Long Forest Patrol for Illicit Activity
About 100 villagers in Kompong Thom province set out yesterday on a three-day patrol of Prey Long forest in search of illegal logging, their second since the April 26 shooting death of conservationist Chut Wutty. who was the organizer of the first patrols. Soem Sean, a ...
44 garment factory Workers Hurt in Road Traffic Accident
Forty-four garment factory workers were injured in a traffic accident yesterday morning in Svay Rieng province as they traveled to work in the back of an open truck, police said. The workers were riding in the truck when it overturned after colliding with a tractor-trailer on ...
Exports to China Fell 10% in First Six Months
Revenues generated from Cambodian exports to China fell by 10 percent in the first half of the year, according to figures released by the Ministry of Commerce last week. About $60 million worth of goods were exported from Cambodia to China between January and June, the ...
Group discovers illegal logging
An expedition to expose illegal logging uncovered about 50 hectares of clear-felled forest yesterday that activists from the Prey Lang Community Network have filmed and photographed to lobby government officials, a group representative said. Chum Yin said more than 60 villagers had traveled to seven villages ...
Campaign spending in NGOs' sight
A consortium of election NGOs had banded together in a bid to push through a Campaign Finance Law that would put a ceiling on political party campaign spending ahead of next year’s national elections, representatives said yesterday. The NGO Working Group on Political Finance has embarked ...
India Funds Three-Nation Road
$500-million loan from New Delhi to help build 3,200km highway through Myanmar and linking to Thailand The trilateral highway project will allow freight and container trucks to move across the borders from India to Myanmar and Thailand via Chiang Rai and border towns. It will play ...
http://www.nationmultimedia.com/business/India-funds-three-nation-road-30188145.html
Eating locally
The Cambodian governemnt is lobbying the tourism sector to focus more on using local foods, which it says could generate millions of dollars in revenue a year. But hotels and restaurants say quality standards and supplies of local products are often not adequate and businesses ...
Handicraft handicap
While Cambodian handicrafts such as silk clothing, stone and wood carvings and rattan furniture are popular with tourists, who snap up the articles at gift shops and airports, the size of the sector is nowhere near what it might be, according to industry insiders. They ...
The Credit Bureau Cambodia at the five-month mark
Almost five months after the launch of the Credit Bureau Cambodia (CBC), experts agree that it has given financial institutions valuable new access to information about creditworthiness of potential borrowers, improving efficiency and loan quality. At the same time, there are still a few rough ...
Restoration Fund Meets With Labor Union Over Wage Hike
A meeting between the New York-based World Monument Fund (WMF) and its workers who are restoring temples in Siem Reap province took place on Friday, but no agreement was reached over wages, a union representative said yesterday. Van Thol, vice president of the Building and Wood ...
Business concept competition a success
A business concept competition between university students from Cambodia, Japan and Myanmar that provided the perfect opportunity for improving business plans and networking with business people yesterday was won by one of Cambodia’s own. Lay Huy Huoy, a second-year student at Cambodian Mekong University majoring in business and ...