ព័ត៌មាន
Minorities Press Gov't for More Communal Titles
Hundreds of indigenous people called on government to pick up the pace in granting them communal land titles at a ceremony marking the U.N.-sponsored International Day of the World’s Indigenous People in Kompong Thom province yesterday. “The gathering today is to mark the 8th anniversary of Indigenous Day ...
Taxes and capital obstacles for small business owners
The exclamations of dismay that come from small-business people in Cambodia when someone tries to take a picture of their shop are to be expected, as they believe the photo will be used to make them pay taxes they cannot afford, but that doesn’t mean ...
Gov't Approves Nearly $500M in Investments
Cambodia approved a total of $479.68 million in new investment projects between January and June with more than 70 new ventures in the pipeline, according to date released yesterday by the Council for the Development of Cambodia (CDC). Investments in the garment sector continued to dominate new investments, comprising 49 of ...
Waste to Watt
In an outbuilding at Lok Sear’s rice milling operation in Kandal province, two four-meter-high cylindrical machines vibrate and hum as the occasional chicken and duck pecks near the concrete blocks holding them up. While they do both feature a thinck band of aluminium around their ...
Loans from China Still Welcome, Hun Sen Says
The Chinese government is considering loaning an unspecified amount of money to cover the cost of constructing 20 new national roads, Prime Minister Hun Sen said yesterday. Speaking at the inauguration of 128-km stretch of National Road 62 linking Kampong Thom and Preah Vihear provinces, also primarily funded by ...
Officials Halt Clearance of Community Forest
Forestry administration officials in Battambang province have stepped in to stop the destruction of a community forest area by military and police, officials said yesterday. Over two past months, soldiers, police and military police have destroyed part of the 1,335-hectare Prey Tralach forest in Rokha Kiri district, which ...
Rights Groups File Lawsuit Over Land Meeting Breakup
Two local human rights groups filed lawsuits yesterday at the Ratanakiri Provincial Court accusing commune and village officials of defamation and intimidation after they disrupted land-rights training session last month. On July 26, a group of armed officials stopped Adhoc and the Cambodian Center for Human Rights (CCHR) ...
Gaming Company Posts Record Quarter of $5.2M
Entertainment Gaming Asia Inc. (EGA), which owns a number of casinos in Cambodia, as well as provides gaming machines to other local gambling venues, announced on Tuesday that quarterly revenues from April through June reached a record $5.2 million, up 14 percent compared to the ...
Micro-lender Plans to Become Commercial Bank
Amret, one of the largest micro-finance institutions (MFIs) in the country, has announced that it is making plans to raise the capital required to become a full commercial bank by 2015, an official at the institution said yesterday. Chea Phalarin, CEO of Amret, said the decision to expand ...
Hun Sen Says Land Program Proving a Success
Prime Minister Hun Sen yesterday said that the government had identified nearly 100,000 families who are now considered eligible for land titles, and that plans were in store to locate hundreds of thousands more in the coming month. Speaking at the inauguration of a new 128-km stretch of ...
Fees too high: AirAsia CEO
While AirAsia, one of the world’s largest low-cost airline, is gearing toward an expansion in the region, the company’s chief executive said that serving Cambodia was expensive due to high airport fees. Airport charges are high and restrictive, as are over-flight fees, compared to other countries in ...
Land officials rounded up in ACU bust
Four officials from the Ministry of Land Management, Urban Planning and Construction accused of land dispute-related corruption were arrested on Monday by the Anti-Corruption Unit. An official who declined to be named told the Post yesterday that Sa Reth Boramy, deputy general director of General Department ...
Conference urges Cambodia to boost energy efficiency
Officials at a recent energy conference in Phnom Penh stressed that Cambodia needed to use energy more efficiently to meet regional goals, boost economic development and lower overall harm to the environment. More than 150 energy officials from the public and private sectors came together for ...
Malaysia workers reject wage deal
Cambodian garment workers at a factory in Malaysia that supplies major international brands were on strike for a third day in a row yesterday, refusing an agreement on accommodation and demanding higher salaries. Representatives of the workers at the Honsin Apparel Sdn Bhd factory in Jahor ...
The Week at the CSX
After sudden increase in price to KHR 6, 600 (US$ 1.62) on July 25, over the next week the price rose for a couple of days before eventually changing direction, falling to 6,400 (US$1.57) on August 1. Trading volumes were larger compared to the week ...
China firm proposes $6.5bn deal
Chinese firms have huge ambitions for Cambodia, with a second firm this week proposing three projects worth an estimated US$6.5 billion to the National Assembly yesterday, but no deadlines were set for the implementation of the projects, according to officials. Pan Xiaoping, chairman of Ruijin Investment Holding Ltd, ...
http://www.phnompenhpost.com/index.php/2012080957898/Business/china-firm-proposes-65bn-deal.html
Mekong villagers wary of Xayaburi dam
Fishermen bring their boats to shore, pack away their traps and hand over the day’s catch to their awaiting families on the banks of the Mekong River in Kratie province’s Chitra Borei district. “When my husband arrives home each day, we eat some of what he ...
Families plead for help to stop Pursat evictions
More than 70 families in Pursat province’s Anlong Tnort commune plan to send a letter to their provincial hall today compelling officials to stop a private farming company from tearing down their houses on its 3,000 hectare economic land concession. Ratanak Visal Development Co Ltd’s security ...
Casino building part of 'secret strategy' to protect Cambodia borders
Hun Sen, the prime minister of Cambodia, has said allowing the construction of a spate of casinos on the border was part of a “secret strategy” to protect the country’s territory from its neighbours. In a five hour speech addressing border demarcation issues with Vietnam, he ...
Cambodia Inaugurates China-funded Road in N Provinces
Cambodia on Wednesday inaugurated a 128-kilometer China-funded national road No. 62 in an effort to boost social and economic development in northern provinces. The road, from Kampong Thom province’s Kampong Svay district to the provincial town of Preah Vihear province, cost about 52 million U.S. dollars ...
Investment in Cambodia's Construction Increases By 36% by H1
[The] Construction sector has attracted a total investment of 868 million U.S. dollars in the first six months of 2012, up 36 percent from 37 million U.S. dollars at the same period last year, a report from the ministry of land management, urban planning and ...
Cambodia To be Free from ODA in 2030
Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon announced that Cambodia would be free from the Official Development Assistance (ODA) by 2030. Speaking to the U.S. Ambassador to Cambodia H.E. William E. Todd in a discussion at the ministry yesterday, H.E. Keat ...
Chinese firm plans investment in Cambodia
PHNOM PENH — China’s Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group’s chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia’s National Assembly that his company decided ...
http://usa.chinadaily.com.cn/business/2012-08/08/content_15652505.htm
FASMEC partners to introduce SME clusters
The Federation of Associations of Small and Medium-size Enterprise of Cambodia (FASMEC) will cooperate with the Thailand-based Mekong Institute to train master teachers in an effort to implement a small and medium enterprise (SME) cluster and export consortia in the coming years, according to officials. The two-day workshop ...