ព័ត៌មាន
Property tax deadline moved to year's end
Due to a lack of available tax collectors, the Ministry of Economics and Finance once again delayed collections on the 0.1 percent property tax on all immovable property worth approximately $25,000 or more, according to a ministry notice issued yesterday ...
Suspended funds stymie e-commerce law
The drafting of a law on e-commerce that would regulate electronic transfers in Cambodia has been postponed because the World Bank has suspended funds over the government’s handling of land evictions in Phnom Penh. In September, Commerce Minister Cham Prasidh said that the government should aim ...
Two arrested in Kompong Thom for illegal transport of rosewood
Two men were arrested Monday in Kompong Thom province for illegally transporting nearly half a cubic meter of valuable rosewood, said a forestry official ...
Regional bank meets with evicted railway families
The Asian Development Bank (ADB) met yesterday with the representatives of families evicted or facing eviction to make way for an ADB-funded railway project, and defended itself against complaints that the project was pushing some of them deeper into poverty. The ADB has billed the $142 ...
Cambodia-South Korea trade jumps 45%
Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...
Kingdom okays ICBC
The National Bank of Cambodia yesterday granted Industrial and Commercial Bank of China a financial business licence, according to a report on aastocks, a Chinese stocks news service ...
http://www.phnompenhpost.com/index.php/2011111552747/Business/kingdom-okays-icbc.html
Ministry questions oil assessment
Cambodia’s Ministry of Environment told a Japanese oil company yesterday to better define the location of its initial onshore operations given the potential impact on the local population and environment. The Ministry of Environment has required Japan Oil, Gas and Metals National Corporation to specify where ...
http://www.phnompenhpost.com/index.php/2011111552750/Business/ministry-questions-oil-assessment.html
Jarai man gets day in court
A Ratanakkiri Provincial Court prosecutor yesterday summoned an ethnic minority Jarai man in O’Yadav district to explain to the court his allegations that local authorities had threatened to kill him for exposing a land-sale corruption racket. Romas Chhvang, 45, filed a complaint to the court at ...
http://www.phnompenhpost.com/index.php/2011111552760/National-news/jarai-man-gets-day-in-court.html
July sub-decree lists Preah Vihear grants
More than 45,000 hectares of land in Preah Vihear province were granted to five companies for rubber plantations on July 6 after the government reclassified the land from state public to state private land on the same day, according to the five sub-decrees signed by ...
Railway families to petition Asian Development Bank for help
Families evicted or still facing eviction to make way for an Asian Development Bank (ADB)-funded project to rehabilitate the country’s railway system plan to petition the ADB today for help securing better compensation from the government. The ADB is putting up more than half the money ...
Laos dam project could violate international law, group says
A representative of environmental group International Rivers said yesterday that if the Laos government were to move forward with a controversial dam project, it would violate the 1995 Mekong Agreement. “Moving forward with the dam would be against international law,” said Ame Trandem, Sountheast Asia program ...
Shooting of Cambodian loggers along Thai border continues
Adding to a spate of similar incidents since October, Thai soldiers fired on a group of Cambodians who had illegally entered Thailand from Oddar Meanchey province on Saturday looking to log valuable rosewood trees and shot one in the hand, a provincial official said yesterday ...
Details are murky in Cambodian maid's death in Malaysia
As reports of the death of yet another Cambodian maid in Malaysia surfaced, opposition lawmaker Mu Sochua said yesterday that a bilateral agreement between Cambodian and Malaysia was necessary if the two countries were serious about protecting the rights of Cambodian domestic workers living in ...
South Korea lends $52.2M for road renovation
South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance ...
Issues with Kingdom's rice exports
Cambodian rice trader TTY Corporation has said the Kingdom cannot meet a new 200,000-tonne export quota for shipping high-quality rice to China. State-owned Sinograin’s order for three varieties of milled fragrant rice was a deviation from an agreement struck with TTY in August, TTY deputy director-general ...
http://www.phnompenhpost.com/index.php/2011111552751/Business/issues-with-kingdoms-rice-exports.html
Despite downgrades, bankers report uptick
Despite the recent downgrading of two of Cambodia’s major banks by ratings agencies Moody’s and Standard & Poor’s, bankers said yesterday that profits are up, loan portfolios are growing at a fast tick and non-performing loans are shrinking. In Channy, president and CEO of Acleda Bank, ...
Firm denies dam report bias
A consulting firm commissioned by the Lao government to prepare a report on the controversial US$3.8 billion Xayaburi dam project has rejected claims by environmentalists that their assessment was “biased” due partly to existing ties with a project backer. On Wednesday, conservation group International Rivers claimed ...
Direct flights to Australia in sight, officials confirms
Cambodia and Australia are one step closer to getting daily direct flights between the two countries, an aviation official confirmed yesterday. State Secretariat of Civil Aviation deputy cabinet director Long Chheng said his department had passed the proposal submitted by a “state-owned” Australian airline and sent ...
Carbon trading project insured for political risk
The US firm marketing what will likely be the first forest-based carbon trading scheme in Cambodia has bought $900,000 worth of political risk insurance to back the project, according to a media report. ...
Zsombor Peter, p.24
Hun Sen probes fishing lots' irregular bids
Prime Minister Hun Sen on Monday ordered Agriculture Minister Chan Sarun to explain irregularities that have taken place in the bidding process for licenses to operate fishing lots around the Tonle Sap lake. The order was carried out after Mr Hun Sen received a report from ...
Prey Long march ends, villagers still resolute
After walking and camping in the jungle for more than a week, Tha Sros and hundreds of other villagers finally reached the winding red dirt road that lead to the rubber plantation of Vietnamese-owned CRCK company, which has cleared a vast 6,000-hectare swathe out of ...
Eight killed on Thai border in October
Eight Cambodian suspected of illegally logging along the Thai-Cambodian border have been shot dead by Thai soldiers, and three others have been wounded in the month of October alone, human rights workers and officials said Friday. The latest figure brings the death toll so far this ...
Increase in visitors to Preah Vihear
Foreign visitors to the 11th-century Preah Vihear temple, on the Cambodian-Thai border, rose almost 78 per cent between January and October compared with the same period last year, despite a deadly border dispute that drew international attention in February. About 2,140 foreign nationals visited the 1,000-year-old ...
Australian airline will launch direct flights to Kingdom
An Australian national airline would launch daily direct flights between Cambodia and Australia early next year, the Secretariat of State of Civil Aviation said yesterday. The airline had conducted a feasibility study and a market survey in co-operation with a Cambodian technical team, Long Chheng, deputy ...