ព័ត៌មាន​

Exports of rice quadruple

Exports of rice from Cambodia have quadrupled in the first part of 2011 according to the Ministry of Commerce. Rising international prices along with high domestic yields have spurred the growth to 80,442 tons of rice being exported compared to 17,144 tons the previous year ...

http://www.phnompenhpost.com/index.php/2011070850271/Business/exports-of-rice-quadruple.html

Fishermen catch a rough deal

Fish yields have supposedly dropped by 20 to 30 percent according to fisherman, as a result of the destruction of natural marine environments such as mangroves and the increase in the number of people fishing. Ministry of Agriculture, Forestry and Fisheries estimated the total number ...

http://www.phnompenhpost.com/index.php/2011070850280/National-news/fishermen-catch-a-rough-deal.html

Registered Businesses UP by 37 Percent, Data Show

Registered businesses have increased in number by 37 percent to approximately 1,528 compared with the same period for 2010. Cambodian Chamber of Commerce officials say that the number of entrepreneurs has increased with them focusing on textiles, agriculture and construction. Cambodia currently has an export ...

Approved Invvestments in May Reach $110 Million

15 new projects worth a total of $110 million have been approved by Cambodia’s investment board in May. The Council for Development of Cambodia has approved two rubber plantations worth $60 million. Cin Qian Investment Co, a Chinese firm, has been approved for developing a ...

Hun Sen OKs Large Amount of State Land to be Privatized

Prime Minister Hun Sen has officially allowed the privatization of 2,580 square meters of state owned land. 646 square meters of the land are in Phnom Penh. The sub-decree means that the land is closer to being eligible for development and sale. ...

CPP Senator’s Company Says $40M Embezzled

The former deputy director of Anco Groups conglomerate and his wife have been denied bail when accused of stealing nearly $40 million. Anco Groups conglomerate is a consumer good vendor, electricity and hotel operator and is owned by Kok An. If convicted the former deputy ...

Premier Breaks Ground for Bridge in Kandal

Prime Minister Hun Sen helped inaugurate the fourth bridge built by the Chinese in Cambodia. The $33 million bridge will span the Tonle Bassac river at Takhmau City. In Phnom Penh, a fifth bridge, dubbed the Cambodian-Chinese Friendship bridge is about to begin construction. ...

Association a shoe-in

Cambodia has approved the creation of a footwear association under the umbrella of the Garment Manufacturers’ Association in Cambodia. 37 of the country’s 38 footwear factories agreed to the creation of a representative body for their industry. The footwear industry is said to have exported ...

http://www.phnompenhpost.com/index.php/2011070750242/Business/association-a-shoe-in.html

Pesticide poisons scores

After the So Ngoun Company sprayed pesticides in Kampot province approximately 90 villagers have become ill. They are being treated for vomiting, diarrhea, and dizziness after drinking contaminated water, as the pesticide flowed downstream after some rains. The pesticide was sprayed in order to rid ...

http://www.phnompenhpost.com/index.php/2011070750245/National-news/pesticide-poisons-scores.html

Japanese firm plans Cambodian fund for later this year

Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to ...

http://www.phnompenhpost.com/index.php/2011070650212/Business/japanese-firm-plans-cambodian-fund-for-later-this-year.html

Vietnam's deep-water links spur Phnom Penh Port growth

Vietnam’s Cai Mep port has contributed to a growth in shipments from the Phnom Penh Autonomous Port this year, Cambodian officials say. The Vietnamese deep-water port, near Ho Chi Minh  City, allows cargo to be transferred to ships travelling to more distant markets such as ...

http://www.phnompenhpost.com/index.php/2011070650213/Business/vietnams-deep-water-links-spur-phnom-penh-port-growth.html

Concern grows over forest concession

Sixty community representatives from Preah Vihear and Kampong Thom provinces expressed concern yesterday over a string of recent economic land concessions granted within the bounds of the Boeung Per Wildlife Sanctuary. At a press conference held in Preah Vihear’s Rovieng district yesterday, they claimed the ...

http://www.phnompenhpost.com/index.php/2011070650228/National-news/concern-grows-over-forest-concessions.html

Sokimex Plans High-Rise Condos for Peninsula

Sokimex Group is set to break ground on six high-rise condominium buildings in Phnom Penh. Originally suspended in 2010 by Sok Kong because of low demand, the project has now been green lit. Phnom Penh property prices fallen 50 percent since 2008. ...

More Concessions Granted in Protected Areas

Six additional economic land concessions have been granted, totaling 46,000 hectares in protected areas. As a means to spur agribusiness companies the concessions include two in Phnom Aural Wildlife Sanctuary in Kompong Speu province. Prime Minister Hun Sen signed in the grants on June 3 ...

Inflation Hits 14-Month High As Food Prices Continue to Rise

Inflation rose to 6.5 percent in May when compared to the same time last year, marking a 14 month high. Consumer prices are also shown to have risen by 1.4 percent with meat, fish and vegetables as the main culprit as they increased as well. ...

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