ភ្នំពេញប៉ុស្តិ៍
Secretary of state hits out at silk scheme
A government official has harshly criticised a prominent silk promotion project, implemented last year by the International Trade Center (ITC), saying it has not been fruitful. Mao Thora, secretary of state for the Ministry of Commerce, made his comments during a seminar on export diversification at ...
http://www.phnompenhpost.com/2012121860337/Business/secretary-of-state-hits-out-at-silk-sheme.html
Flagship airline gets new planes
National carrier Cambodia Angkor Air (CAA) recently bought a new Airbus 321 from Europe as part of its expansion into international routes to meet a rise in market demand. The CAA also plans to import one more plane early next year. CAA is a joint venture ...
http://www.phnompenhpost.com/2012121760309/Business/flagship-airline-gets-new-planes.html
Rice federation started
A NEW [sic] organisation for rice exporters was launched in Cambodia this weekend in an effort to transform the industry as it seeks to meet ambitious export targets. The Federation of Cambodian Rice Exporters (FCRE) was inaugurated on Saturday, and says it will gain full authorization ...
http://www.phnompenhpost.com/2012121760310/Business/rice-federation-started.html
Pakistan-Cambodia ties set to strengthen
PAKISTAN is looking to further improve its trade, investment and tourism ties with Cambodia, officials said. Data from the Embassy of Pakistan shows that bilateral trade between the two countries has been good in recent years. In 2011, the total value of two-way trade reached $16 ...
http://www.phnompenhpost.com/2012121760307/Business/pakistan-cambodia-ties-set-to-strengthen.html
Fresh arrests on Laos border
Cambodian authorities announced yesterday they would release six Laos who were arrested in Cambodia last Thursday on suspicion of illegal logging, provided that Laos cooperates with broader border negotiations in Stung Treng province’s Siam Pang district, where the men were arrested. Svay Nhoun, a Stung Treng ...
http://www.phnompenhpost.com/2012121760313/National/fresh-arrests-on-laos-border.html
Strikers know when to fold 'em
More than 300 workers from the Tropicana Casino and resort in Banteay Meanchey provinces’s Poipet town obeyed a court order to end striking and return to work yesterday and official said. Hong Prakorb, a provincial official for the Labour Ministry said more than 200 workers ...
Fourth missing in dam disaster, say witnesses
Workers who directly witnessed the Stung Atai dam accident more than a week ago have contested government accounts, telling the Post four, not three, men were still missing after an outlet pipe burst. Those working or living near the dam also told the Post investigations pledged ...
http://www.phnompenhpost.com/National/fourth-missing-in-dam-disaster-say-witnesses.html
Rights groups wary of ban on internet cafés
Rights workers cautioned yesterday that a sweeping ban on internet cafés near schools was little more than a thinly veiled act of censorship. Issued last month by the Ministry of Post and Telecommunications, the circular says all internet cafés within 500 metres of a school must ...
http://www.phnompenhpost.com/National/rights-groups-wary-of-ban-on-internet-cafes.html
Phnom Penh court reopens investigation on land case
A verdict in the land encroachment case against a prominent businesswoman was not delivered as expected yesterday, after a judge ordered the case be re-investigated due to a lack of evidence. Phnom Penh Municipal Court tried Chhin Sokountheary, director of Layimex Holdings Group, in absentia on ...
http://www.phnompenhpost.com/National/phnom-penh-court-reopens-investigation-on-land-case.html
New services, branches in Cambodia woo bank customers
Maybank, one of the largest banks in Cambodia, has officially launched an internet banking service to provide a convenient service to its more than 10,000 customers and says it hopes to increase that number by around 10 per cent. The service, called M2U, will enable customers ...
http://www.phnompenhpost.com/Business/new-services-branches-woo-bank-customers.html
Ground broken on Koh Pich for Japan-Cambodia venture
Popular Japanese hotel chain Toyoko Inn has embarked on a joint-investment with Cambodian company OCIC to build a three-star hotel on Phnom Penh’s Koh Pich, to cater to the growth of foreign investors and visitors to Cambodia. The groundbreaking ceremony for the 22-storey, 304 unit Toyoko ...
http://www.phnompenhpost.com/Business/ground-broken-on-koh-pich-for-japan-cambodia-venture.html
PM urges factories to up wages
As the lure of Thailand grows increasingly attractive for cash-strapped and under-employed Cambodians, Prime Minister Hun Sen yesterday made a public appeal for workers to stay in the country, simultaneously urging the Cambodian market to up its competitive edge. In a speech at the inauguration of ...
http://www.phnompenhpost.com/National/pm-urges-factories-to-up-wages.html
Corridor towns to see $37 million in ADB loans
Battambang, Bavet, Neak Loeung and Poipet are among several towns that will benefit from a $37 million loan from the the first quarter of next year after funding was approved at the 18th Greater Mekong Sub Region (GMS) meeting in Nanning, China. The loan comes from ...
Prasac inaugurates new HQ in Phnom Penh
Officials expressed optimism that microfinance institution Prasac would be able to attract more deposit placing clients, after the inauguration of its new headquarters in Phnom Penh’s Boeung Tompun district yesterday. Representatives from the National Bank of Cambodia and Prasac expect the new 10-storey building to enhance ...
http://www.phnompenhpost.com/Business/prassacs-new-hq-inaugurated.html
Illegal-logging claims rejected
Provincial forestry administration officials in Ratanakkiri have dismissed allegations of illegal logging by community residents and chalked the deforestation up to legitimate clearing. A cursory examination of the land in question yesterday seemed to back the company’s claims, Ly Sophan, a team worker at the provincial ...
http://www.phnompenhpost.com/National/illegal-logging-claims-rejected.html
Export-Import expo at Koh Pich this week
The Ministry of Commerce will host the 7th Cambodian Export-Import and One Product One Province Exhibition at Diamond Island from December 15-18. ...
http://www.phnompenhpost.com/Business/export-import-expo-at-koh-pich-this-week.html
Kep first province to wrap land-titling scheme
Seven months after Prime Minister Hun Sen unveiled an ambitious plan to demarcate 1.8 million hectares of state land and formally acknowledge those who live on it, the completion of the first – albeit the smallest – of eight affected provinces has wrapped up. Marking the ...
http://www.phnompenhpost.com/National/kep-first-province-to-wrap-land-titling-scheme.html
Crane removed from Gold Tower 42
Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...
http://www.phnompenhpost.com/Real-Estate/crane-removed-from-gold-tower-42.html
Siem Reap hotels oversupplied
Potential real estate investors in Siem Reap are being advised to look towards retail strips rather than hotels, according to Cambodian real estate professionals. Knight Frank’s Cambodia chief, Sunny Soo, said that while the hotel industry is well supplied, the town lacks an organised retail strip. ...
http://www.phnompenhpost.com/Real-Estate/siem-reap-hotels-oversupplied.html
Siam City Cement to enter Cambodia with local partner
Siam City Cement and the Chip Mong Group will co-build a new cement plant in the Toukmeas district of Kampot by 2015 in order to take advantage of the “huge” demand in Cambodia. The plant will cater specifically to the Cambodian market, although they will also ...
http://www.phnompenhpost.com/Business/siam-city-cement-to-enter-kingdom-with-local-partner.html
Alliance to disburse $2 million to buy paddy rice, help exports
The Alliance of Rice Producers Exporters of Cambodia (ARPEC) will release US$2 million after December 15th to its members in nine provinces so they can buy paddy rice before the harvest season ends and stocks been depleted. He said the pay out is being drawn from ...
New solar powered lights for Cambodia
Cambodia’s energy sector acquired a new product yesterday with the introduction of solar powered lights from energy company Total, advancing it toward a longer term solution to meeting the population’s energy needs. An industry player described the products as a nice bridge toward seeing Cambodia supplied with ...
http://www.phnompenhpost.com/Business/new-solar-powered-product-launched.html
Cambodia's tax revenue totals $683 million
The Cambodian government collected $683 million in taxes over the first 11 months of this year, according to data from the General Department of Taxation released last week. An economist said the increase in domestic tax revenue emphasised that Cambodia still has room for improvement in ...
http://www.phnompenhpost.com/index.php/2012121160203/Business/tax-revenue-totals-683-million.html
Families make plea to PM Hun Sen over eviction
Despite a court-ordered land title in their favour, 163 families in Phnom Penh’s Sen Sok district last week watched excavators rip apart their homes at the behest of two district deputy governors. The forced eviction, denounced in a petition delivered on Friday to Prime Minister Hun ...
http://www.phnompenhpost.com/General/families-make-plea-to-pm-hun-sen-over-eviction.html