ព័ត៌មាន​

Protected forest ‘is finished’

In the latest government backed appropriation of protected land, nearly 20,000 hectares of the Boeung Per wildlife sanctuary have been reclassified as state private land for agro-industrial development. Two sub-decrees, obtained by The Post this week and initialed by Prime Minister Hun Sen on July ...

http://www.phnompenhpost.com/

Bank of India looks ahead

The Bank of India will move to a larger location on Norodom Boulevard, aiming to attract increased business from both Cambodian and Indian clients, said Chief Manager Sripada Rao. The Mumbai, India-based bank first opened in the Kingdom in 2009 headquartered on the capital’s Monivong ...

http://www.phnompenhpost.com/

Exports Rise, but Value of Goods Remains Weak

Cambodia saw significant percentage gains in regional trade in the first six months of the year, though the gap between imports and exports remained large, according to data released yesterday by the Ministry of Commerce. According to the figures, the country saw regional exports to ...

http://www.camnet.com.kh/cambodia.daily/

Petroleum imports surge on economic growth

A resurgent economy and efforts to crack down on smuggling have led to a large increase in petroleum imports, according to experts. Cambodia has imported 756,139 tonnes worth US$692 million in the first half of the year, from 440,607 tonnes worth $296 million in the ...

Tycoon’s dredging tests locals’ patience

Ruling party senator Ly Yong Phat has defied an order endorsed by the Prime Minster to halt his controversial sand dredging activities on the Tatai river in Koh Kong, prompting authorities to request intervention, documents obtained by The Post reveal. The dredging operation on the ...

http://www.phnompenhpost.com/index.php/2011081050979/National-news/tycoons-dredging-tests-locals-patience.html

World Bank fund halt irks officials

THE government expressed disappointment yesterday with the World Bank’s announcement that it had halted new country loans due to the ongoing land dispute at Boeung Kak lake in Phnom Penh and vowed to raise the issue with the bank’s executive board. “We are very dissatisfied ...

>http://www.phnompenhpost.com/index.php/2011081050948/National-news/world-bank-fund-halt-irks-officials.html

Boat Route to Siem Reap To Reopen on August 15

Riverboat services between Siem Reap and Phnom Penh are scheduled to restart on Aug 15 after closing down in March due to low water levels in the Tonle Sap river, a port official said yesterday. Chieat Thol, deputy director of the administrative department and the ...

http://www.camnet.com.kh/cambodia.daily

Adhoc Calls for Stronger Indigenous Land Rights

The government must correctly implement the Land Law and allow indigenous people greater access to collective titling of their native territories, human rights group Adhoc said yesterday in a statement. Although there is a provision in the Land Law allowing indigenous groups to obtain collective ...

http://www.camnet.com.kh/cambodia.daily

Villagers Face Hefty Court Fees in Land Dispute

Kompong Chhnang Provincial Court has ordered 40 families embroiled in a long-running land dispute with the wife of Minister of Industry Suy Sem to pay court fees of up to $155 each, or have their complaints dropped. The villagers, however, say they are too poor ...

Property Tax to Generate $6M for Phnom Penh

Phnom Penh City Hall has estimated it could receive about $6 million in revenue next year from property tax collection, which started recently. City Hall released some tax calculation methods on its website last week and said that “based on the estimation of the technical ...

http://www.camnet.com.kh/cambodia.daily

Pay Off Officials, Risk Prison Stint, New Law Says

The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...

http://www.camnet.com.kh/cambodia.daily

Defiance Greets World Bank's Funding Freeze

Government officials yesterday dismissed the World Bank’s recently revealed decision to freeze funding for new projects in Cambodia to protest a Phnom Penh real estate project that has forced thousand of families out of their homes. A housing rights group closely following the evictions said ...

http://www.camnet.com.kh/cambodia.daily

Rice exports face challenges from foreigners in Cambodia

Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report. Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas ...

http://vietnambusiness.asia/rice-exports-face-challenges-from-foreigners-in-cambodia

Kith Meng re-elected

PROMINENT businessman Kith Meng was re-elected unopposed yesterday as president of the Cambodian Chamber of Commerce. Kith Meng, the only contender who declared his candidacy for the three-year mandate, received support from all 11 candidates eligible to stand. Kith Meng, who is also chairman and chief ...

http://www.phnompenhpost.com/index.php/2011080950932/Business/kith-meng-re-elected.html

Forest on the auction block

Almost 30,000 hectares of a wildlife sanctuary in Oddar Meanchey, Siem Reap and Preah Vihear provinces have been reclassified as state private land for agricultural development, drawing sharp criticism from rights groups. Four sub-decrees signed by Prime Minister Hun Sen on July 22 reclassify land ...

http://www.phnompenhpost.com/index.php/2011080950943/National-news/forest-on-the-auction-block.html

Economic Census Sheds Light on Businesses

The Ministry of Planning yesterday released the preliminary results of the 2011 economic census, which found that Cambodia has a total of 503,008 businesses nationwide, of which nearly 20 percent are based in Phnom Penh. The census, which began on March 1 and was financed ...

Microfinance Deposits and Loans Grow

Outstanding loans among micro-credit institutions increased by 6.7 percent to $505.46 million in the second quarter of this year compared to the first quarter, figures from the Cambodia Microfinance Association show. According to the data, deposits held by Cambodia’s 27 microlenders grew by 33.2 percent ...

World Bank Halts Funds Over Evictions

The World Bank has frozen funding to Cambodia, making good on its threat in March to reconsider aid levels to Cambodia in response to the ongoing eviction of thousands of Phnom Penh families from Boeng Kak lake, a Bank official confirmed yesterdaySome 3,000 families have ...

World Bank stops funds for Cambodia over evictions

The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country’s capital, Phnom Penh. “The World Bank’s last ...

http://www.reuters.com/article/2011/08/09/cambodia-worldbank-idUSL3E7J920D20110809

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