ព័ត៌មាន
Ratch puts mine purchase on hold as coal price dips sharply
The SET-listed Ratchaburi Electricity Generating Holding Plc (RATCH), Thailand’s largest private power producer, is to delay the purchase of a coal mine in Indonesia, as the global coal price has dropped sharply. Ratch had planned to acquire a mine to serve its new coal-fired power plants ...
East Asia Summit to discuss how to address economic, financial disorder
East Asian leaders will discuss how to address economic and financial disorder when they meet heads of the International Monetary Fund, the Asian Development Bank and the World Trade Organization next week, a source said Wednesday. The source, who asked not to be named, said the ...
Pentagon chief to visit Australia, Thailand and Cambodia
US Defense Secretary Leon Panetta will travel to Australia, Thailand and Cambodia next week as part of America’s strategic tilt to the Asia-Pacific, even as crises in the Middle East demand the Pentagon’s attention and resources. In a week-long trip starting Sunday, Panetta will head to ...
ASEAN to study new ties with six partners
ASEAN says it will study how to implement a proposed economic partnership with its six external partners that might lead to the foundation of world’s largest economic bloc. The proposed bloc, dubbed the Regional Comprehensive Economic Partnership (RCEP) or “ASEAN+6” , would integrate ASEAN’s 10 ...
National Election Committee Dismisses Criticism of Reform
At the ceremony yesterday making the official start of the National Election Committee’s new mandate, NEC chairman Im Suosdey criticized the U.N. human rights envoy to Cambodia for taking an exceedingly harsh view of the country’s much derided electoral system. In a July report to the ...
Cambodia: Mineral, Metal and Fuel Resources
Cambodia, with a total population of 14,952,665 as of July 2010, is located in Southeastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. The country mostly has a tropical climate and covers a total area of 181,035 km2 Cambodia’s key natural resources include ...
Rise in foreign tourist arrivals
The number of foreign tourists arriving in Cambodia increased 23 per cent in the third quarter of the year compared to the same period last year, according to new statistics from the Ministry of Tourism. The data show the number of tourists who arrived in the ...
http://www.phnompenhpost.com/index.php/2012110259529/Business/rise-in-foreign-tourist-arrivals.html
Australian Senate Pushes for Fair Elections in Cambodia
The Australian Senate yesterday urged the Cambodian government to run free and fair national elections next year without the “harassment or intimidation” of opposition leader Sam Rainsy, who remains in self-imposed exile avoiding an 11-year jail sentence. The appeal comes only days after the European Parliament ...
http://www.cambodiadaily.com/news/australian-senate-pushes-for-fair-elections-in-cambodia-4930/
FedEx opens new air freight hub
FedEx has officially opened its new South Pacific Regional Hub in Singapore, the largest consolidated facility in the Asia-Pacific region. The $97 million hub is the first and only express transportation facility in Singapore. The 282,700-square-foot integrated facility houses air, ground and clearance operations under one roof ...
http://www.supplychainreview.com.au/news/articleid/81499.aspx
Relocated families appeal to Oz
Thirty families uprooted by Cambodia’s railway rehabilitation project have filed a complaint with Australia’s highest human rights body, alleging rights abuses as a result of the partially AusAid-funded rail project. The complaint to the Australian Human Rights Commission was made on behalf of the families by NGOs Equitable Cambodia and Inclusive ...
Reluctance to join single-visa scheme could prove to be costly
Thailand has to revise its strategy concerning a regional single visa scheme, or it could lose millions of tourists to neighbouring countries, which are kicking off the “CLMV Single Visa” next year without the Kingdom’s participation. Five countries – Thailand, Laos, Vietnam, Cambodia and Myanmar – ...
IFC seeks more Australian partnerships in emerging markets
INTERNATIONAL Finance Corporation, the private-sector arm of the Washington-based World Bank, has invested $US805 million ($770m) in Australian projects around the world These projects are in 24 countries and in sectors ranging from financial services to infrastructure. IFC is an investor in three Macquarie Group-sponsored infrastructure ...
Families Told to Prepare to Vacate Land Needed for Railway Station
Government officials met with more than 200 Phnom Penh families on Friday to lay out the state’s case for ownership of their land and the compensation they can expect when they are evicted from their homes situated along the city’s railway tracks. The $142 million project ...
ANZ may sell Asia bank stakes due to stringent capital rules
Australia and New Zealand Banking Group (ANZ.AX) would consider selling some of its stakes in Asian banks if Australia does not ease stringent capital requirements, chief executive Mike Smith said on Wednesday. The plan raises questions about how Australia’s smallest ‘Big Four’ bank will meet the ...
http://uk.reuters.com/article/2012/08/15/us-anz-asia-idUKBRE87E04L20120815
Growth to be focus of ASEAN Economic Summit
Prime Minister Hun Sen will be opening the 44th ASEAN Economic Ministers Meeting and related meetings will kick off August 27 in Siem Reap, the centre of Khmer culture and civilization in Cambodia, and will run to September 1, according to the Ministry of Commerce. The meeting ...
ASEAN Post Ministerial Conference Focuses On Mutual Benefits
The ASEAN Post Ministerial Conference (PMC) 10 + 1 Session with 10 ASEAN’s Dialogue Partners, namely, Australia, Canada, China, the European Union (EU), India, Japan, New Zealand, the Republic of Korea, the Russian Federation, and the United States of America were held in Phnom Penh, Cambodia, on 11 July 2012. They focused on cooperation ...
Mobile phones could replace credit cards
Mobile money transfer service WING is preparing to launch a mobile wallet service later this year, and ACLEDA Unity is preparing to expand its own mobile services, enabling people to quickly pay for things just by touching their phone to a point-of-sale terminal. Near-field communications (NFC) ...
Inspiring tech entrepreneurship
The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...
http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html
Relocation Woes Persist: Australia
The Australian Embassy conceded that problems have plagued the relocation process of about 160 families moved to Trapeang Anhchanh on the outskirts of Phnom Penh last September. The families were moved for a railway rehabilitation project partially funded by the Australian government’s AusAID. “We agree on the ...
http://www.phnompenhpost.com/index.php/2012062156934/National-news/relocation-woes-australia.html
Railway Evictees Tussle With High Debt Levels
Adding to a growing body of research into the flaws of Cambodia’s $142 million railway rehabilitation project, a report published yesterday said soaring debt levels are crippling families forcibly relocated by the project. In the report by land rights organization Sahmakum Teang Tnaut (STT), researchers tracked ...
OZ Minerals Completes Sale of Cambodian Assets
Australian mining firm OZ Minerals announced yesterday that it has successfully sold its Cambodian mining assets to Renaissance Minerals Limited for AU$17.8 million, or $19.2 million, after years of disappointing gold exploration results here. According to the statement, Renaissance now controls the 1,100-square-km core of the ...
Mu Sochua calls out Aussie mining firms
Opposition parliamentarian Mu Sochua has taken aim at Australian mining companies eyeing the Kingdom’s resources, travelling to their home soil to lobby the halls of power. Mu Sochua cited fears that Australian companies awarded exploration concessions in Ratanakkiri and Mondulkiri provinces will treat ethnic minorities there ...
Donors Face Mounting Pressure Over Rail Project
A group of NGOs on Friday called on Australia and the Asian Development Bank (ADB) to suspend work and funding for a government-led project to rehabilitate the country’s railway system should authorities in Poipet City follow through on an eviction notice delivered to 22 families ...
Hun Sen’s Nephew Hits Back at Allegations
Prime Minister Hun Sen’s nephew Hun To hit back strongly yesterday at allegations published in a leading Australian newspaper, The Age, which linked him to an international drug smuggling and money laundering ring, demanding that the publisher print a retraction. Mr. To sent a letter to ...