ព័ត៌មាន
Villagers take case to capital
Representatives from five communes in Koh Kong province engaged in a long-running land dispute with a private Chinese firm urged the government to issue them proper land titles during a press conference in the capital yesterday. Representative Chhai Beng Hout asked the government to instruct the ...
Cambodia's debt a concern
An International Monetary Fund and World Bank report has questioned Cambodia’s ability to deal with future financial crises if government borrowing increases. While the report indicated that Cambodia was at low risk for severe debt problems, it highlighted the need for effective management of new debt ...
http://www.phnompenhpost.com/index.php/2012022954764/Business/cambodias-debt-a-concern.html
Alarm over proposed dam
The Sam Rainsy Party has asked Prime Minister Hun Sen to verify the details of a proposed dam that could inundate about 10,000 hectares of protected forest, citing concerns that it would lead to rampant illegal logging and devastate a traditional habitat of Siamese crocodiles. ...
David Boyle with additional reporting by Khouth Sophak Chakrya and Cassandra Yeap, P. 5
http://www.phnompenhpost.com/index.php/2012022954773/National-news/alarm-over-proposed-dam.html
Villagers ask for Government’s Help in Koh Kong Land Dispute
Koh Kong villagers facing the loss of their land to a Chinese mega-tourism project held a news conference in Phnom Penh yesterday to appeal to the government for the right to remain on their property. Kith Ten, 54, from Kiri Sakor district’s Prek Khsach commune, ...
Villagers in capital to protest development
Representatives from five communes in Koh Kong province are scheduled to hold a press conference in the capital today, appealing for government intervention in a land dispute with a Chinese development company that has spanned nearly four years. Lov Hov, a representative from Thmar Sar commune, ...
Illegally shut factories could face penalties
Twenty-two factories that did not take the appropriate measures to shut down their businesses have 30 days in which to rectify the problem or face legal action from the government, the Council for the Development of Cambodia (CDC) said in a public announcement yesterday The announcement ...
Business boom depletes forests
During the past four years, Cambodia has seen drastic decreases in rare species of trees due to illegal logging, community research from the National Resource Protection Group indicates. If continued unabated, illegal logging threatens to wholly deplete Cambodia’s rare tree species, Chut Wutty said. Cambodia’s ...
World Bank Halts Funds Over Evictions
The World Bank has frozen funding to Cambodia, making good on its threat in March to reconsider aid levels to Cambodia in response to the ongoing eviction of thousands of Phnom Penh families from Boeng Kak lake, a Bank official confirmed yesterdaySome 3,000 families have ...
Villagers Struggle in Face of Chinese Tourism Project
Villagers along the Koh Kong province’s coastline have been relocated by a Chinese development company as they have not been granted access to their farm land which falls within the development area and are running short of food. 20 tons of rice have been delivered ...
Machinery Imports Soar Through First Six Months
Sihanoukville Autonomous Port has seen an increase of 520 percent in the amount of construction machinery being imported. According to Chea Sambath, director of the port’s planning and statistics department, the increase is as a result of the increased investment in roads, hydropower dams and ...
ANZ Royal sees yuan role
ANZ Royal Bank is seeking a larger part in handling transitions involving the Chinese yuan as the currency becomes more prevalent. Exports who bill their clients in yuan are being granted tax rebates of between 15 and 18 percent by the Chinese government. A service ...
http://www.phnompenhpost.com/index.php/2011072250563/Business/anz-royal-sees-yuan-role.html
Chinese firm seeks rice from the Kingdom
Sino Grain, a Chinese agriculture company, has come to Cambodia seeking to import milled rice to China. Minister of Commerce Cham Prasidh has encouraged the company to invest in Cambodia by building a rice processing plant in the country and not merely exporting grain. A ...
Nation’s first sea bridge opens
A bridge crossing the sea between Sihanoukville and the island of Koh Puos in Cambodia has officially been opened by Prime Minister Hun Sen. Koh Pous owned by the Russian company Koh Pous (Cambodia) Investment Group is turning the island into a resort known as ...
http://www.phnompenhpost.com/index.php/2011071350355/Business/nations-first-sea-bridge-opens.htm
Approved Invvestments in May Reach $110 Million
15 new projects worth a total of $110 million have been approved by Cambodia’s investment board in May. The Council for Development of Cambodia has approved two rubber plantations worth $60 million. Cin Qian Investment Co, a Chinese firm, has been approved for developing a ...
Premier Breaks Ground for Bridge in Kandal
Prime Minister Hun Sen helped inaugurate the fourth bridge built by the Chinese in Cambodia. The $33 million bridge will span the Tonle Bassac river at Takhmau City. In Phnom Penh, a fifth bridge, dubbed the Cambodian-Chinese Friendship bridge is about to begin construction. ...
Growth in vehicle sales fuelled by bank loans, dealers say
Commercial banks are providing more loans for vehicle purchases, leading to a jump in car sales this year, according to dealers. While the improved domestic economy and effects of the March disasters in Japan on its competitors had improved sales figures of Great Wall vehicles, increased ...