ភ្នំពេញប៉ុស្តិ៍
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
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
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
Ethnic group press for communal title
Economic land concessions granted to a pair of Vietnamese companies in Ratanakkiri’s O’Yadav district were endangering the traditional lifestyles of as many as 200 ethnic-minority families, villagerstold the Post yesterday. As the companies actively cleared forest to make room for the eventual rubber plantations, the government ...
Pension scheme ramps up
More than 700,000 workers at private companies and factories across 19 provinces have registered to join a nationwide pension scheme that goes into effect in 2015, Labour Ministry officials told the Post yesterday. A branch of the National Social Security Fund (NSFF), the pension scheme was ...
http://www.phnompenhpost.com/index.php/2012121160211/National-news/pension-scheme-ramps-up.html
Union representatives summoned
Union leaders representing workers on strike at the Tropicana Casino and Resort were served with a summons by the Banteay Meanchey provincial court yesterday after a complaint by the casino’s management. The court summons came around the time Sum Sam Ith, the Tropicana representative, sent ...
Rising tourism prompts ABA growth in Siem Reap
The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...
ព្រៃសហគមន៍មួយកន្លែងកំពុងប្រឈមបញ្ហា
ដីព្រៃសហគមន៍ចំនួន ៣៦ ហិកតា នៅក្នុងខេត្តបាត់ដំបង បានត្រូវរាយការណ៍ថាបានផ្ដល់ទៅអោយអ្នកដែលរស់នៅតំបន់ផ្សេង រួមបញ្ជូលទាំងមន្ត្រីយោធាផងដែរ។ ...
David Boyle
http://www.phnompenhpost.com/index.php/2012121060181/National-news/community-forest-woes.html
Cambodia's salt output may decrease
The Kep-Kamport Salt Producers Community expressed concern about the production of salt this year not reaching its forecast due to the late-starting season and the lack of labour to work in the fields. Um Chhun, director of the administration office in Kep-Kamport Salt Producers Community, said ...
http://www.phnompenhpost.com/index.php/2012121060176/Business/salt-output-may-decrease.html
Farmers biggest source of investment in agriculture
Despite attention from Foreign Direct Investment (FDI) and official development assistance, farmers are by far the largest source of investment in agriculture, the State of Food and Agriculture 2012 report by the Food and Agriculture Organization published last week said. Farmers in low and middle income ...
MoU to strengthen co-operation between Cambodia and India
The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is expected to sign a Memorandum of Understanding with the Confederation of Indian Industries (CII) today to strengthen the co-operation on human resource training and quality control, an insider said. The Sokha, deputy director ...
No loans until poll: World Bank
Discussions on restarting World Bank loans to Cambodia will not commence until after the 2013 elections, a bank official said yesterday. After a landmark freeze on loans announced in December 2010, a response to the forced evictions by the government of residents of the Boeung Kak ...
Mooted casino tax shot down by ruling party
Casinos are first and foremost for protecting Cambodia’s border, not for making money, government lawmakers insisted in parliament yesterday when drilled about their opposition to raising gambling taxes. Seizing on an off-the-cuff comment made by Prime Minister Hun Sen during a speech in August, Finance Minister ...
Peace Palace petitions sent to Prime Minister
Eight representatives of Phnom Penh communities involved in land disputes were allowed to present their petitions to the Council of Ministers yesterday after authorities blocked about 200 of their fellow petitioners from gathering in front of the Peace Palace. During a meeting with the representatives, Bun ...
Cambodia's Securities Exchange set to add more listings
Cambodia’s Securities Exchange (CSX) may have its first private company listing early next year with Grand Twin International, a Taiwanese-owned garment factory, submitting its letters of intention to the Securities Exchange and Commission of Cambodia (SECC). Industry representatives and government officials believe the listing will be ...
Real Estate Mondays launches
A group of local property agents has initiated a monthly gathering for real estate professionals and those interested in the industry to meet and share business ideas and industry insights. The first of the monthly gatherings, known as Real Estate Monday, was held this week at ...
http://www.phnompenhpost.com/index.php/Real-Estate/real-estate-mondays-launches.html
Labour shortage vexes farmers in Pailin province
Farmers in Pailin province have complained about a shortage of workers during this year’s corn and cassava harvesting season. Meas Loeun, team leader of Momean Moy community’s 38 teams in Pailin, said the shortage of workers to help harvest corn and cassava is a major challenge ...
Kampong Chhnang prices on the rise
Real estate prices in Kampong Chhang province have increased by around 10 per cent over the last 12 months, according to experts. Dith Chana, general manager of VMC Real Estate Cambodia, said that Kampong Chhnang is only 91 kilometres from Phnom Penh, but the development of ...
http://www.phnompenhpost.com/index.php/Real-Estate/kampong-chhnang-prices-on-the-rise.html
Chinese officials to dam site
China has reportedly dispatched embassy officials to investigate a major breach at the Chinese-built Stung Atai dam in Pusat province on Saturday, which swept away four men, three of whom are still missing. Yang Tian Yue, spokesman for the Chinese Embassy in Phnom Penh, told local ...
Low China demand may keep local rubber prices down until 2015
Cambodia’s rubber price is expected to fall further in coming years while government projects aimed at doubling rubber resin production will take effect by 2015, according to the latest figures from the Rubber General Department. Mak Kimhong, president of the Cambodia Rubber Association and owner of ...