ព័ត៌មាន​

ASEAN Infrastructure Fund could be within Cambodia's reach

Access to the region’s largest collective financial resource, the ASEAN Infrastructure Fund, could be easier than expected for Cambodia, according to an Asian Development Bank economist. Initiated in May, the fund is expected to lend up to US$4 billion and leverage up to $13 billion for ...

http://www.phnompenhpost.com/index.php/2012071057314/Business/regional-fund-cambodia-adb.html

Toll Royal to Restart Rail Services Next Month

Less than four months after suspending work on Cambodia’s dilapidated railway network, Toll Royal Railways (TRR), the network’s operator, has informed the government that it will recommence transporting construction materials needed to build the southern line on Aug. 1, company officials said yesterday. The decision to ...

Prasac moves towards becoming a bank

Prasac, a leading micro-finance institution in Cambodia, had increased its registered capital from US$3.8 million to $20 million in preparation for its transformation into a commercial bank by 2014, the institution said yesterday. “The registration requirement of $37.5 million is a very small amount to ...

http://www.phnompenhpost.com/index.php/2012071057311/Business/prasac-moves-towards-becoming-a-bank.html

Cambodia carve-up under the spotlight

There were scenes of jubilation in Cambodia’s capital last month when a group of 13 imprisoned women – including a 72-year-old grandmother – was set free by an appeal court. The women were arrested in May during peaceful demonstrations against the forced eviction of thousands ...

http://www.atimes.com/atimes/Southeast_Asia/NG10Ae01.html

Clinton Visits in Cambodia

Secretary Clinton will arrive in Phnom Penh on July 11 to participate in regional conferences, to both chair and attend ministerial events and to participate in bilateral meetings with Cambodian officials. Regional conferences include the ASEAN Regional Forum, the East Asia Summit Foreign Ministers Meeting. ...

http://thesoutheastasiaweekly.com/

PM insists worries about dam overblown

In February, Son Chhay wrote to the premier urging him to investigate illegal logging outside the legal clearing area slated for the Stung Tatai dam reservoir in Koh Kong province and the environmental destruction that would be wrought by the Stung Cheay Areng dam.  In a ...

http://www.phnompenhpost.com/index.php/2012071057322/National-news/worries-about-dam-overblown.html

Recruitment Agency Director Charged With Fraud

The Siem Reap Provincial Court charged the director of a recruitment agency with fraud for allegedly taking money from victims in exchange for promising jobs in the U.S., a court official said yesterday. “Bich Bunara, head of the recruitment agency, was charged with fraud and another ...

PRASAC increases share capital to US$20 million

PRASAC Microfinance Institution, celebrating its eighteenth anniversary this year in the Cambodia microfinance market, has increased its registered capital from 15-4 billion riel to 80 billion riel. The increase of the share capital has been authorized by the National Bank of Cambodia and the company is now amending its Articles of Incorporation. PRASAC’s share capital is ...

http://www.etmcambodia.com/blog.php?article=505

Maid in landmark abuse case returns to Cambodia

The first Cambodian maid to successfully sue her employer in a Malaysian court came home on Sunday, and is leveraging her landmark case to insist that more victims seek compensation through the legal system. ...

http://www.phnompenhpost.com/index.php/2012071057317/National-news/abused-maid-returns-to-cambodia.html

45th ASEAN Foreign Ministers' Meeting kicks off

The 45th ASEAN Foreign Ministers Meeting (AMM) kicked off in Phnom Penh on Monday, focusing on politics, security, food and energy security, economics and culture in order to further advance the bloc’s cooperation toward a community by 2015. Cambodia’s Prime Minister Hun Sen said thatafter 45 years, ...

http://www.chinadaily.com.cn/world/2012-07/09/content_15561089.htm

Manulife enters Cambodia's burgeoning insurance market

Canadian insurance and financial services company Manulife Financial officially launched its Cambodian country office on June 28, one of several new players seeking to enter one of Southeast Asia’s still-untapped markets. Britain’s No.1 insurer Prudential said last week it had approval from the Cambodian government to open a wholly foreign-owned life insurance operation. Manulife, the world’s ...

http://www.etmcambodia.com/blog.php?article=508

Electric bill hike gets thumbs down

More than 200 villagers in Preah Vihear town thumb-printed a joint complaint to rights group Adhoc over the weekend asking them to appeal to provincial authorities to intervene after their private electricity company raised its prices by more than 1,000 riel per kilowatt hour, NGO ...

http://www.phnompenhpost.com/index.php/2012070957295/National-news/electric-bill-hike.html

Officials Differ on Equipment Confiscation

Forestry Administration officials in Banteay Meanchey province have confiscated and continue to hold equipment valued at $1.5 million from a troubled biofuel plantation without any legal backing, an official in the provincial governor’s office said. Bulldozers, steamrollers and dump trucks were confiscated last month from a ...

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