ព័ត៌មាន​

Cambodian PM inaugurates rubber processing plant in far northern province

Cambodian Prime Minister Hun Sen on Wednesday inaugurated a rubber processing plant here, saying the factory would contribute to developing the country’s fast-growing rubber sector. The 7 million U.S. dollar plant, invested by Cambodia’s Sopheak Nika Investment Agro-Industry Company, was built on the area of 9 ...

http://news.xinhuanet.com/english/world/2013-05/15/c_132384351.htm

Koh Kong cashes in on conservation

Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...

http://www.phnompenhpost.com/2013051465588/Business/koh-kong-cashes-in-on-conservation.html

Cambodia Plantations Not IFC’s First Controversy

In the wake of a new report from environmental rights group Global Witness rebuking the World Bank’s International Finance Corporation (IFC) and Deutsche Bank for investing in rubber plantations accused of illegal logging and forced evictions, both institutions have denied responsibility and deflected the blame ...

http://www.cambodiadaily.com/news/cambodia-plantations-not-ifcs-first-controversy-23793/

Agricultural brokerage firm begins operations

Chief Cambodia Holding, a Hong Kong-based brokerage firm, started its operations in Phnom Penh yesterday. The company aims to strengthen Cambodian agricultural products, a company official said. The company reserved $100 million investment capital to connect domestic agricultural producers to the market, Director of Chief Cambodia ...

http://www.phnompenhpost.com/2013051465589/Business/agricultural-brokerage-firm-begins-operations.html

Residents Rally At Palace For Release Of Land Activist

Around 30 residents from Boeung Kok, Borei Kei and Thmor kol communities gathered and knelt down Monday in front of the Royal Palace to seek intervention from the King to release jailed land activist Yorm Bopha. In the petition, they asked him to intervene the ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=OWNiYWVhYmQ4ZmM

CPP Senator Wins Power Transmission Contract

The government on Friday awarded CPP Senator Ly Yong Phat a $92.21 million contract to install power lines in Cambodia’s eastern provinces, the Council of Ministers said in a statement. During the weekly Cabinet meeting, senior officials including Prime Minister Hun Sen signed off on the ...

http://www.cambodiadaily.com/business/cpp-senator-wins-power-transmission-contract-23634/

‘Power cuts just a transitional problem’

Recurring power cuts and power shortages draw sharp complaints from Cambodia’s public, the political opposition and business owners. Keo Ratanak,  director-general of Electricite du Cambodge (EDC), talked to the Post’s Sarah Thust. What is EDC doing to reduce electricity cuts here? The issue of power shortage is ...

http://www.phnompenhpost.com/2013051065532/Business/power-cuts-just-a-transitional-problem.html

As Phnom Penh Grows, So Does Its Sewage Problem

Since 1998, Phnom Penh’s population has doubled to more than 2 million. High-rise buildings have popped up in the city’s center and housing developments have been hastily erected. Yet the city’s antiquated, decades-old drainage system has undergone little improvement in that time and experts say the ...

http://www.cambodiadaily.com

CIMB says Local Investors Bring More Franchises to Cambodia

The steady growth of franchises from overseas is likely to continue as young, moneyed Cambodians seize the opportunity to bring name brands into the country, a bank official said yesterday. Hoping to help its customers and others invest in franchises, Malaysia-based CIMB Bank yesterday organized ...

http://www.cambodiadaily.com

Wage Hike Leads To Rent Fears

Cambodian Confederation of Unions president Rong Chhun yesterday appealed to landlords with properties close to garment factories not to take advantage of the industry’s minimum wage increase by raising rent prices. The minimum monthly salary in the garment sector – Cambodia’s biggest export industry – officially ...

http://www.phnompenhpost.com/2013051065555/National/wage-hike-leads-to-rent-fears.html

Private property, public greed in Cambodia

Mark Moorstein knew little about Cambodia before he got involved in a lawsuit on behalf of land owners there. But as it’s turning out, the suit could end up affecting most every country in Asia. Moorstein is a land-use lawyer in Northern Virginia who, like many ...

http://www.politico.com/story/2013/05/lawyer-works-to-put-end-to-cambodia-land-grabbing-90985.html#ixzz2SlF9JBUm

Cambodian PM to visit Macau in September

Cambodian Prime Minister Hun Sen will visit Macau in September to participate in the Second Global Tourism Economy Forum. Prime Minister Hun Sen called for more investment in the country by Chinese and Macau entrepreneurs, and direct flights between Cambodia and Macau. According to Xinhua, the ...

http://www.macaudailytimes.com.mo/macau/43622-cambodian-pm-to-visit-macau-in-september.html

Trade with Vietnam increases

Bilateral trade between Cambodia and neighbouring Vietnam rose more than 10 per cent year-on-year in the first quarter of this year, data from the Vietnam Embassy in Phnom Penh showed. Officials said cross-border trade facilitation by both countries significantly contributed to the growth. But they said ...

http://www.phnompenhpost.com/2013050965501/Business/trade-with-vietnam-increases-2013.html

Investor Decries Export Tax on Cambodian Seafood

A major Hong Kong investor in Cambodia has claimed that a government duty on seafood exports is stunting the country’s fish proc­essing industry. Hong Kong-based Sunwah Group began operating a shrimp-processing factory in Sihanoukville in 1994, and its plans in the country now include building a ...

http://www.cambodiadaily.com/business/investor-decries-export-tax-on-cambodian-seafood-23258/?utm_source=rss&utm_medium=rss&utm_campaign=investor-decries-export-tax-on-cambodian-seafood

Macau To Cambodia Route ‘In Negotiation’

A new air route may connect Macau and Cambodia this year, a move industry experts say would reduce travel costs in the region and reflects tourist interests in both destinations’ gambling industries. Several airlines are in contact with CAM, Macau International Airport Co, “seeking to launch ...

http://www.phnompenhpost.com/2013050865475/Business/macau-to-cambodia-route-in-negotiation.html

Phnom Penh Governor Leaves Behind Mixed Legacy

During his speech last week at the swearing-in ceremony of Phnom Penh’s new governor, Pa Socheatvong, Interior Minister Sar Kheng noted that managing Cambodia’s capital is by no means an easy task. While critics of [former Phnom Penh governor] Mr. [Kep] Chuktema note his failure ...

http://www.cambodiadaily.com/news/phnom-penh-governor-leaves-behind-mixed-legacy-22697/

Cambodia gets rolling

The small but sleek Angkor Car can easily navigate the narrow streets of Cambodia, while with an electric engine saves on expensive fuel costs. It may cost $10,000 per vehicle, a bit steep for most local people, but the vehicle is a welcome testimony to ...

http://www.bangkokpost.com/business/marketing/348783/cambodia-gets-rolling

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