ភ្នំពេញប៉ុស្តិ៍
Villagers set to regain land
Villagers from Kratie province, who blocked National Road 76a last week after four of their own were shot by guards working for agro-development firm TTY, appear to be on their way to receiving farmland they lost to the company in an economic land concession. A statement ...
Export figures up 42% in 2011
Strong growth in garment, textile, and agricultural exports drove a 42.7 per cent increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows. The Kingdom exported $4.98 billion in goods last year, compared with $3.49 billion the year before. Market diversification and a relaxing ...
Pol Pot on the tourist map
The Documentation Centre of Cambodia has joined a coalition of government ministries on an study tour to establish a tourism plan in the former Khmer Rouge stronghold of Anlong Veng district in Oddar Meanchey, officials said yesterday. Anlong Veng was the last stronghold for the Khmer ...
Foreign banks eye Kingdom's prospects
Two more Vietnamese banks have announced they will apply for licences to operate in Cambodia, according to media reports. If accepted, Maritime Bank and Saigon-Hanoi Commercial Bank (SHB) would bring the number of Vietnamese banks in Cambodia to six, National Bank of Cambodia officials said yesterday. Experts ...
Firm refuses housing pleas
The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ...
http://www.phnompenhpost.com/index.php/2012011854001/National-news/firm-refuses-housing-pleas.html
Largest-ever Cambodian solar project launched
Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...
More predictions for CSX start date
The Cambodia Securities Exchange may launch as soon as March or April, according to an official at the Korea Exchange, the Kingdom’s partner in launching its stock market. Final preparations for the CSX’s initial public offerings should be complete at that time, Pat Gil-soo, senior vice-president ...
Beer makers binge on ads
Whether it is dancing pop stars or plays on national pride, dramatically increasing budgets for beer advertising took Cambodia’s TV sets and public spaces by storm in 2011. Beer advertising surged 164 per cent year-on-year in 2011, according to data from Indochina Research Ltd, making it ...
http://www.phnompenhpost.com/index.php/2012011753964/Business/beer-makers-binge-on-ad-spend.html
Obama, Clinton visits set
In a sign of “improving” relations between Cambodia and the United States, the Kingdom will host US President Barack Obama and Secretary of State Hillary Clinton this year, officials confirmed yesterday. The visit would be the first by a sitting US president. Joseph Yun, the US ...
http://www.phnompenhpost.com/index.php/2012011753979/National-news/obama-clinton-visits-set.html
Workers 'win' after Kandal factory strike
Nearly 2,000 workers at a Kandal province garment factory had returned to work on Saturday and 6,000 more planned to return today after nearly three weeks of strikes, company and union representatives said yesterday. Yung Wah Factory administrative director Ing Minchuan confirmed yesterday that the roughly ...
MFI survey claims debtor success
A survey by Cambodian microfinancers showed debtors were better off in several respects than those who didn’t borrow from the institutions, MFI officials claimed. Responding to recent concerns over the role of microfinance institutions in creating poverty and loss of property in the Kingdom, the Cambodia ...
Amnesty calls for release of detained protesters
Amnesty International yesterday called on authorities to immediately release the 30 women and children from the Borei Keila community being detained against their will at Phnom Penh’s Prey Speu Social Affairs Center. “Those people never should have been arrested in the first place,” said Amnesty’s Deputy ...
Tax revenues from casinos climb 25 per cent in 2011
The Kingdom’s 27 casinos are set to generate about US$20 million in tax revenue for the government in 2011, a 25 per cent year-on-year increase, according to the Ministry of Economy and Finance. At least one government official, however, said the lack of a regulatory regime ...
Croc skins new focus for farmers
Crocodile farmers in Siem Reap are turning away from the export of hatchlings to Vietnam, choosing instead sell the reptiles for their skins. Luon Nam, president of the province’s Crocodile Feeding Association, said yesterday the reliance on Vietnam was an unsustainable strategy for the industry. Any change ...
http://www.phnompenhpost.com/index.php/2011122853645/Business/croc-skins-new-focus-for-farmers.html
Kingdom takes steps to attract milled-rice buyers
A nationwide survey was under way by the Ministry of Commerce’s Rice Exporter Union to measure Cambodia’s milled-rice industry in order to give international buyers an accurate picture of the Kingdom’s current capacity, insiders said yesterday. Although data for the survey was still being collected, those ...
Eviction clock ticks for families in Preah Vihear
More than 130 families in Preah Vihear province who continue to defy eviction orders will not receive any compensation if they do not leave their homes by Friday, the Choam Ksan district governor has warned. Choam Ksan district governor Sok Hai yesterday said police and military ...
Tourism turmoil continues
Cambodia Association of Travel Agents president Ang Kim Eang yesterday released a statement denying all allegations of wrongdoing against him by some members of the association’s board who have called for his resignation. Last Wednesday, 11 of CATA’s 15 board members signed and thumb-printed a petition ...
http://www.phnompenhpost.com/index.php/2011122753627/Business/tourism-turmoil-continues.html
Sand dredging deja-vu
They thought the days of scenic sunsets ruined by the noise and pollution of dredgers on the Tatai River were over, but villagers and business owners in the popular tourism destination now say they were duped in a promise from ruling party Senator Ly Yong ...
http://www.phnompenhpost.com/index.php/2011122753640/National-news/sand-dredging-deja-vu.html
Maid's cause of death sparks investigation
Government authorities are investigating the death of a migrant domestic worker in Malaysia after her family and rights groups raised questions about the stated cause of death from a lung infection, a relative of the deceased woman said yesterday. Na Rith, 42, said his cousin Ouk ...
Preah Vihear families seek top-level intervention
Families continuing to defy eviction orders in Preah Vihear fear police and authorities will use violence to remove them from their homes this week, villagers told the Post yesterday. Representatives of Svay Chum village in Choam Ksan district’s Kantuot commune trekked to Phnon Penh on Friday ...
Unions seek changes to labour law
Union leaders are calling for 10 changes to be made to the draft law that will regulate them, including allowing civil servants to form unions, they said yesterday, following a letter calling for two ministers to intervene late last week. The Cambodian Trade Union Coordination Council ...
Inflation dips in November
The Kingdom’s inflation rate fell month-on-month in November for the first time all year, dropping 0.7 per cent from October, according to National Institute of Statistics data. However, year-on-year inflation in November increased 5.7 per cent, the NIS reported. “We see that we got a bigger supply ...
http://www.phnompenhpost.com/index.php/2011122653610/Business/inflation-dips-in-november.html
Kingdom's exports up 42% on garments, food
Cambodia’s total exports surged 42 per cent through November to US$4.5 billion from $3.16 billion, official data from the Ministry of Commerce showed, as the Kingdom’s staple products of garments, textiles and agriculture led the move. Rising global demand, new trade agreements with regional neighbours and ...
Cambodian rice output grows in 2011 despite floods
Cambodia’s total paddy rice output reached 8.4 million tonnes in 2011, up from 8.25 million tonnes last year, according an initial assessment by the Ministry of Agriculture, Forestry and Fisheries. Provincial MAFF officials from across the Kingdom met in Phnom Penh on Saturday, when data was ...