ភ្នំពេញប៉ុស្តិ៍
Possible benefits for Cambodia in Mekong Region trade
Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. During a media briefing yesterday, Brimble [senior country economist and author of ...
Climate action plan needed
World Bank President Jim Yong Kim said yesterday that climate change will be a concern in some Asian countries, including Cambodia. He encouraged the countries to find ways to manage any affects on their economies. Economists recognize it will lower growth in some main sectors of the economy – ...
http://www.phnompenhpost.com/index.php/2012101259257/Business/climate-action-plan-needed.html
Tuol Kork on the rise
Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...
http://www.phnompenhpost.com/index.php/Real-Estate/tuol-kork-on-the-rise.html
Growth in hotel industry
The hotel industry in Cambodia is growing but still sees room for improvements, industry experts said at the Cambodia Hotel General Managers Summit in Phnom Penh yesterday. In terms of revenue and the number of players, the hotel and restaurant industry has an overall growth rate ...
http://www.phnompenhpost.com/index.php/2012101159242/Business/growth-in-hotel-industry.html
New country director for ADB in Cambodia
The Asia Development Bank‘s Cambodia Resident Mission has appointed Eric Sidgwick as its new country director. Sidgwick aims to focus his efforts on promoting an inclusive and environmentally sustainable growth, said a press release issued by the Asia Development Bank (ADB) yesterday. Sidgwick started working at the ...
Mittapheap Hotel on track
The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. The numbers of ...
http://www.phnompenhpost.com/index.php/Real-Estate/mittapheap-hotel-on-track-in-sihanoukville.html
Gold struck in Mondulkiri
An Australian company working towards mining gold from the Okvau deposit in Mondulkiri province, currently estimated at 729,000 ounces, expects to employ more than 1,000 local people during the mine’s construction phase and 500 in the longer term. Renaissance Minerals managing director Justin Tremain told the ...
http://www.phnompenhpost.com/index.php/2012101159244/Business/gold-struck-in-mondulkiri.html
Frequency of criticism
Officials from four government bodies along with a personal adviser to Prime Minister Hun Sen yesterday urged two US government-funded radio stations to be more professional and law-abiding during a closed-door meeting at the Council of Ministers. While little information was forthcoming regarding the content of ...
Offshore refueling on the horizon
Danish marine fuel company Go4 Bunker Denmark yesterday launched the first company in Cambodia to supply ship fuel to vessels traveling through Cambodia’s waters, according to officials. The launch ceremony for the newly established Go4 Bunker Cambodia Co Ltd yesterday was presided over by Danish Princess ...
Migrant worker policy set to change: ministry
The Cambodian government has developed six prakases related to a controversial sub-decree that regulates the recruitment of migrant workers, but it cannot yet release the details, a Labor Ministry official said yesterday. On the sidelines of an ASEAN meeting in Siem Reap aimed at curtailing migrant worker abuses, Seng Sakada, ...
PM defends Sonando verdict
Prime Minister Hun Sen yesterday lashed out at critics of the Mam Sonando verdict, saying outsiders shouldn’t be seeking the release of a prisoner. Speaking to hundreds of villagers at a land title ceremony held in Chhuok district of Kampot province, Hun Sen defended the guilty verdict handed ...
http://www.phnompenhpost.com/index.php/2012101159243/National-news/pm-defends-sonando-verdict.html
Holiday blues hit factories
Tens of thousands of garment workers will enjoy an early start to the Pchum Ben holiday today as they trek back to their homeland. Their excitement, however, is not shared by their bosses, who will be left to rue a week-long halt in production. Enterprise and establishment ...
http://www.phnompenhpost.com/index.php/2012101159238/National-news/holiday-blues-hit-factories.html
Renewable energy used for rice milling
The Federation of Cambodian Rice Millers Association in Battambang province will establish a biomass-generated electricity plant in Battambang, an insider said. The plant will cost up to US$10 million and generate 10 megawatts of electricity. Phou Puy, president of the Federation of Cambodian Rice Millers Association (CRMA) and the ...
Local goods market doubles
Cambodia’s branded Fast-Moving Consumer Goods (FMCGs) market might double in value to US$1 billion over the next seven years, according to Unilever Indochina. Factors influencing this are the increasing urbanization of Cambodian society and the desire for more choice, said Maks Mukundan, Unilever Indochina’s managing director. Cambodia’s open ...
Cambodia to get more energy from Thailand
Thailand has committed to supplying additional energy to provinces on the Thai-Cambodia border, an official says. Tun Lean, director of the General Energy Department at the Ministry of Industry, Mines and Energy, said on Monday its Thai counterpart would supply an additional 40 megawatts of energy. For ...
Strike takes Pchum Ben break
About 600 Tae Young factory workers are back on the job thanks to a court injunction – and the desire to pocket a little cash in time for Pchum Ben – but the return will only be temporary, workers said yesterday. The decision followed a Kandal ...
http://www.phnompenhpost.com/index.php/2012101059202/National-news/strike-takes-pchum-ben-break.html
Govt wants word with VOA, RFA
The Ministry of Information and Council of Ministers has summoned representatives from US government-funded radio stations for an unprecedented meeting to discuss the stations’ content, goals and level of professionalism, government officials said yesterday. In a letter dated Monday and signed by Minister of Information Khieu Kanharith, Radio Free Asia (RFA) and Voice ...
PM mocks pay-rise promises
Prime Minister Hun Sen mockingly declared that opposition pledges to increase the salaries of civil servants marked the arrival of “the season of promises” ahead of next year’s elections, during a speech yesterday. The premier deemed boosting salaries by reducing tax losses attributed to graft unfeasible because ...
http://www.phnompenhpost.com/index.php/2012101059220/National-news/pm-mocks-pay-rise-promises.html
More questioned in journo slaying
The Ratanakkiri Provincial Court has summonsed for questioning Kim Seanglay, a military policeman who was the subject of one of slain journalist Hang Serei Oudom’s articles on the illegal timber trade, Chhay Thi, an investigator for the rights group Adhoc, said yesterday. According to their ...
ASEAN affected by slowdown
The IMF World Economic Outlook (WEO) forecasts that uncertainty surrounding growth in advanced economies will slightly affect the growth of some ASEAN nations, particularly low-income countries such as Cambodia. A senior IMF official told reporters on the sidelines of the fund’s annual meeting yesterday that some ASEAN economies relying heavily ...
Protesting villagers ordered home
Officials from Prime Minister’s Hun Sen’s cabinet yesterday accepted the petition of 110 Preah Vihear villager representatives seeking intervention in a land dispute with defunct NGO DARPO. Hun Sen cabinet member Nov Ra told villagers who protested in front of the prime minister’s house to return ...
Living with the enemy
Four years after they began fighting the well-connected concessionaire DM Group, members of the ethnic Tampuon who remain in Svay Sor village are exhausted. While the DM Group has seen its complaints against villagers and activists routinely heard at court, those filed by the affected families ...
Insurance becomes next emerging market
Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential ...
Verdict in Wutty case delayed
An expected verdict in the unintentional murder case of the man accused of shooting slain environmentalist Chut Wutty’s killer was delayed at Koh Kong Provincial Court yesterday because the presiding judge was ill. Neang Boratino, Koh Kong provincial coordinator for the rights group Adhoc, said a ...