ខេមបូឌា ដេលី
Government Has 13 Payment Guarantees for Energy Projects
A CPP lawmaker said yesterday the government has signed 13 payment guarantees to companies constructing coal-fired power plants and hydropower dams in the country, a move that an Asian Development Bank (ADB) official reiterated was risky for the country’s fiscal future. CPP lawmaker Cheam Yeap said ...
http://www.cambodiadaily.com/news/government-has-13-payment-guarantees-for-energy-projects-11377/
Unpaid Garment Workers Continue Protests
Some 200 garment factory workers protested at the Ministry of Social Affairs on Friday, a day after they held a demonstration in front of the Swedish Embassy in Phnom Penh and urged diplomats to intervene in a labour dispute involving unpaid wages from a factory ...
Senate Oks Sesan Dam Payment Deal
After a 60- minute debate, the Senate on Friday voted in favour of a payment guarantee for the private companies constructing the controversial Lower Sesan 2 dam in Stung Treng province. At the Senate session, 43 out of 48 senators voted to approve the deal which ...
Government's New Jet Takes To the Skies
The government’s brand-new Airbus A320 jet took off on official state business for the first time yesterday, when it departed from Phnom Penh International Airport en route to Beijing with King Norodom Sihamoni and Queen Mother Norodom Monineath. “It is the government’s plane and is for ...
As Liquidation of Mfone Begins, Victims and Lawsuits Abound
As insolvency proceedings against bankrupt telecommunications firm Mfone begin, yet another company, Smart Mobile, has filed a court complaint to collect unpaid costs from the mobile operator, and the list of parties to have suffered from the firm’s collapse continue to grow. The Phnom Penh Municipal ...
Hun Sen Shares Vision of Rubber Plantation Boom
Reporting that the country had achieved better than expected economic growth last year, Prime Minister Hun Sen yesterday targeted a rapid expansion of the country’s rubber industry and predicted that almost 1 in 10 Cambodians would soon be working in rubber. “Agriculture continues to play ...
http://www.cambodiadaily.com/news/hun-sen-shares-vision-of-rubber-plantation-boom-11253/
Regional Bank, IMF Note Risks to Government's Dam Guarantee
The government’s guaranteed bailout of major infrastructure projects, such as the future 400-megawatt hydropower dam in Stung Treng province, requires a thorough assessment of forecasted risks – a capacity which the government currently does not possess, an Asian Development Bank (ADB) official said yesterday. Speaking on ...
http://www.cambodiadaily.com/news/regional-bank-imf-note-risks-to-governments-dam-guarantee-11269/
Better Factories Cambodia Slammed by Stanford Researchers
The International Labor Organization’s (ILO) Better Factories Cambodia program (BFC) must employ more transparency in their monitoring of Cambodia’s factories in order to effectively bring change to the country’s working and wage conditions, a report launched yesterday says. According to “Monitoring in the Dark” a ...
http://www.cambodiadaily.com/news/better-factories-cambodia-slammed-by-stanford-researchers-11011/
Huawei to Build 4G Phone Network for Chinese Firm
Chinese Telecommunications giant Huawei has signed a deal to install thousands of transmitters across Cambodia to create a new high-speed mobile telephone and Internet network, according to a statement received yesterday. Huawei Technologies (Cambodia) Co. Ltd. and Xinwei (Cambodia) Telecom Co. Ltd. – a local subsidiary ...
CPP Promises Oversight on Royal Group's Dam
The government has promised to monitor the progress of local conglomerate Royal Group in its implementation of a $781 million dam project in Stung Treng province, that has been guaranteed by the government, CPP lawmaker Cheam Yeap said yesterday. Mr. Yeap said yesterday that the ...
Porsche Joins Cambodia's Luxury Car Race
Though still one of the poorest countries in the region, Cambodia’s recent economic growth has birthed a new class of consumer. And waiting in the wings is German automaker Porsche, which intends to sell its distinctive sports cars directly to Phnom Penh’s wealthy within a ...
http://www.cambodiadaily.com/business/porsche-joins-cambodias-luxury-car-race-10927/
About 100 Protest Electricity Prices in Mondolkiri
About 100 residents of Mondolkiri province’s Sen Monorom City protested outside the provincial hall on Monday, demanding that local authorities reduce the price of electricity in the city, officials said yesterday. Choeng Sochantha, director of the provincial administration office, said the protestors demanded that the price ...
Think Tank Says Investment Needed to Balance Growth
Government action is needed if Cambodia is to reach its potential for economic growth and address growing inequality, according to a new report from a leading local think tank. The recommendations were included in the Cambodian Development Resource Institute’s (CDRI) annual development review 2012 to ’13. ...
Hun Sen and EU Ambassador Talk Elections, Land Reform
The European Union’s ambassador to Cambodia raised issues of judicial reform, land reform and the upcoming national elections in a meeting with Prime Minister Hun Sen yesterday morning. The European Commission’s directorate-general for trade is currently reviewing a report by the U.N.’s human rights envoy ...
http://www.cambodiadaily.com/news/hun-sen-and-eu-ambassador-talk-elections-land-reform-11009/
Vendors Protest Over Worthless Mfone Cards
More than 100 mobile phone vendors protested yesterday outside the Phnom Penh headquarters of bankrupt mobile operator Mfone over their stocks of phone credit recharge cards that are now worthless, as the defunct company has transferred its subscribers to MobiTel, which does not recognize the ...
Single Company to Run Public Buses in Phnom Penh
Phnom Penh could have a public bus system operating under a single company before the end of 2013 at the earliest, Phnom Penh governor Kep Chuktema said yesterday. Global (Cambodia) Trade Development, a joint venture between Cambodian and Chinese investors, had originally been chosen alongside South ...
Cambodia Sees Massive Foreign Investment Growth in 2012
Investment in Cambodia from overseas surged by at least 44 percent last year, according to an estimate from the central bank, despite figures suggesting a reduction in the overall flow of foreign currency into Southeast Asian economies. Nguon Sokha, director-general of the National Bank of Cambodia, ...
Firm Ordered to Temporarily Stop Clearing in Prey Long Forest
Authorities in Kompong Thom province have ordered the owners of a Vietnamese rubber company to temporarily cease the clearing of part of Prey Long forest after local farmers alleged that the firm was encroaching on villagers’ land. About 300 members of the Prey Long People’s Network ...
Telecom Cambodia Corruption Investigation Needs Time
The minister of posts and telecommunications yesterday said he needs more time to investigate corruption and mismanagement allegations at state-owned firm Telecom Cambodia before involving other government institutions. Telecom Cambodia director-general Lao Saroeun is officially on sick leave, but staff at the company say they were ...
Staff Protest Corruption at Telecom Cambodia
The director-general of Telecom Cambodia, one of the country’s most highly regarded state-owned enterprises and a candidate for listing on the stock exchange, has left his post amid an investigation into corruption allegations, the minister of posts and telecommunications said on Thursday. Despite the staff’s ...
http://www.cambodiadaily.com/news/staff-protest-corruption-at-telecom-cambodia-10535/
Toll Royal Railways Yet to Spend Pledged Funds
Toll Royal Railways, the company holding the 30-year concession to operate Cambodia’s rail network, has so far only spent a tiny fraction of the millions of dollars of investment it promised upon winning the deal, documents of the firm’s expenditure show. The operation of the railways ...
Energy Minister Defends Lower Sesan 2 Project
Energy Minister Suy Sem yesterday defended a draft law on the financing of a massive dam project in Stung Treng province which is slated for debate at the National Assembly on Friday. Environmental groups have called debate of the law premature, as no consultation with local ...
Illegally Logged Concessions Face Invalidation
The Ministry of Agriculture will request that Prime Minister Hun Sen from now on revoke all economic land concessions (ELC) whose owners are found guilty of illegal logging or other major forestry crimes, a ministry official said yesterday. ...
Injunction Issued Against Garment Factory
The Kandal Provincial Court issued an injunction yesterday against Yung Wah Industrial Co. Ltd., preventing the company from selling assets at its two garment factories in Takhmao City where thousands of workers have been protesting the past two days over unpaid wages. ...