ខេមបូឌា ដេលី

Revenues for first seven months double to $1.6bn

The government has collected 6,557 billion riel, or about $1.6 billion, in revenues in the first seven months of 2011, a figure that is twice that of the $801 million in revenues that were collected during the same period last year, data released by the ...

Borei Keila residents appeal for governor's help

About 100 residents of Phnom Penh’s Borei Keila community embroiled in a long-running land dispute with the powerful construction firm Phanimex filed a complaint at the Prampi Makara district offices on Friday, seeking the intervention of Phnom Penh governor Kep Chuktema and demanding that the ...

Cambodia post delivers 40% revenue gain

Revenue at Cambodia’s postal service rose 40 percent in the first nine months of this year compared to the same period last year, an official at Cambodia Post said yesterday, attributing the rise to the postal service gaining complete independence from the Ministry of Posts ...

K Chhnang court suspends 15 from M&V Factory

Kompong Chhnang Provincial Court on Tuesday gave permission to M&V International Manufacturing garment factory to suspend two Free Trade Union representatives and 13 other workers after they allegedly instigated an illegal protest earlier this month, a court official said Wednesday. Penh Vibol, provincial chief prosecutor, said ...

Chinese 'no-strings' loans come at a cost

As government borrowing from China continues to increase, a new study released yesterday showed that Chinese concessional loans carry higher interest than any others. According to the study, released by the NGO Forum on Cambodia at a workshop in Phnom Penh, China’s average interest rate on ...

Angkor Air to start flights to Sihanoukville in December

The national carrier Angkor Air will launch a regular flight service on December 14 between Siem Reap and Sihanoukville, said Quang Dinh, assistant to the CEO of Cambodia Angkor Air, yesterday This will be the first time that Sihanoukville, the nation’s main coastal destination, will receive ...

Hongkong Land plans to break ground in 2012

Hongkong Land, one of Asia’s largest property investment companies, plans to have excavators move in on one of its four properties in Phnom Penh’s Daun Penh district that it bought earlier this year, according to an official at the company. John Brinsden, country adviser for Jardine ...

Education overhaul needed to grow economy

Cambodia’s education sector needs a complete overhaul in order to reduce unemployment and successfully diversify the economy beyond garment manufacturing, according to a World Bank report released today. The report’s release came after investors and economists said at a trade and investment conference in Phnom Penh ...

Banking sector shows growth in 3rd quarter

Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings. Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last ...

Officials ask for more info ahead of drilling

Environment Minister Mok Mareth yesterday asked China National Offshore Oil Corporation (CNOOC) to provide more details on the environmental impact of its project, though he said that exploration for oil and gas would likely begin later this month. At a meeting at the Ministry of Environment, ...

New law drafted to address price dumping

Officials and trade experts discussed a new draft law at a conference in Phnom Penh yesterday that would allow the government to protect exporters against competitors abroad that engage in price dumping, or selling products at an extremely low price. Speaking on the sidelines of the ...

Demand for city property slowly returning

Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead ...

Medical bills lead many into debt, survey reveals

Small-scale health insurance policies can be an effective way to avoid drowning in debt, according to a survey released yesterday. Fifty-eight percent of 5,275 households surveyed in Kandal, Takeo and Kampot provinces had taken out loans, with health care and medical costs being the chief reason, ...

Boeng Kak families sue - and sued by - government officials

Two-and-a-half weeks after excavators belonging to a CPP senator’s real estate firm demolished the homes of eight families fighting eviction from Phnom Penh’s Boeng Kak lake community, those families and the government officials charged with evicting them have taken their battle to court. A pair of ...

Maid agency raid rescues 22 women, girls

Following a raid on a Phnom Penh recruitment agency, military police yesterday detained two people and rescued 22 girls and women aged 13 to 25 who claimed they were being held against their will ahead of being sent to Malaysia to work as maids. Municipal military ...

Kampot pepper prices expected to grow in January

The Kampot Pepper Association said yesterday that the price of pepper would increase in January to $8 per kg, up from $7 currently. Nguon Lay, president of the association, said that the price hike was due to strong demand from abroad and high production costs ...

Advocates voice concerns ahead of ecotourism conference

As the Tourism Ministry prepares to host the World Ecotourism Conference in Sihanoukville on Monday, ecotourism operators in three provinces said they were worried that the government’s development practices would undermine the very concept the conference is promoting. According to Tith Chanda, director general of the ...

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