News

Cambodia’s slow power transfer begins with death of Chea Sim

Billboards across the country have carried the same picture for more than a decade – side-by-side the three most senior members of the ruling Cambodian Peoples Party (CCP) stand: President of the National Assembly Heng Samrin, Prime Minister Hun Sen, and CPP President Chea Sim. ...

Luke Hunt
http://bit.ly/1L1ieqQ

18 families ordered to leave land, as Chinese development moves in

Eighteen families in a remote region of Koh Kong province have been ordered to move, in order to make way for the development of a Chinese-funded luxury tourist outpost. The families received notice on June 5, ordering them to leave their homes within one month. ...

Hul Reaksmey
http://bit.ly/1L4nJbk

Chea Sim remembered as principled political broker

Chea Sim, the ruling party leader who died earlier this week in Phnom Penh, was a political dealmaker and staunch constitutionalist, officials said this week. He was often put in charge of the country when the late King Norodom Sihanouk was away. His even-handedness will be ...

Sok Khemara
http://bit.ly/1JNSrnl

Three injured in clash between rival Labor Unions

Three members of the Free Trade Union were hospitalized after being beaten by members of a rival union during a protest Wednesday morning at the SH International garment factory in Phnom Penh’s Pur Senchey district, union and police officials said. ...

Aun Pheap
https://www.cambodiadaily.com/news/three-injured-in-clash-between-rival-labor-unions-85350/

NBC, JFSA to extend supervisory support

The National Bank of Cambodia and the Japan Financial Service Agency agreed yesterday to extend their cooperation on sharing experience and expertise in the areas of banking and financial sector supervision in the Kingdom. ...

May Kunmakara
http://www.phnompenhpost.com/business/nbc-jfsa-extend-supervisory-support

Special tax on QIP rolled back

The Ministry of Economy and Finance last week did away with a special tax on imported products that were being used for re-export, after Japanese businesses said that it undermined their status as Qualified Investment Projects. Under the Qualified Investment Projects (QIP) scheme, firms can ...

Charles Rollet
http://www.phnompenhpost.com/business/special-tax-qip-rolled-back

Former Beehive workers protest over severance pay

Nine former employees of Beehive radio station protested in Phnom Penh on Wednesday to demand that owner Mam Sonando respect an Arbitration Council ruling that he pay them severance after firing them earlier this year. ...

Aun Pheap
https://www.cambodiadaily.com/news/former-beehive-workers-protest-over-severance-pay-85372/

One-year sentence cut short for tycoon

Tycoon Sok Rathorn, who was in the midst of a one-year prison sentence on fraud charges, was provisionally released from detention yesterday after a deal was struck in a separate case. ...

Buth Reaksmey Kongkea
http://www.phnompenhpost.com/national/one-year-sentence-cut-short-tycoon

Inflation down as global oil prices ease off

Cambodia experienced low inflation of around 1 per cent over the last three months thanks to a decline in oil prices, according to the latest data from the National Institute of Statistics. Inflation went from 0.8 per cent in January to 1.2 per cent in February, ...

May Kunmakara
http://www.phnompenhpost.com/business/inflation-down-global-oil-prices-ease

Officials tell fishing community to float away

Along the craggy eastern bank of the Mekong River, a community of fish breeders is preparing to detach their floating homes and let the current carry them away. ...

Mech Dara and Matt Blomberg
https://www.cambodiadaily.com/news/officials-tell-fishing-community-to-float-away-85348/

Unions eye wage discussion

Negotiations for next year’s minimum wage in Cambodia’s garment and footwear sector are already gearing up, as union leaders prepare to meet this month to discuss what wage they will demand. During the week of June 21, union heads will hold a preliminary consensus-building meeting, said ...

Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/unions-eye-wage-discussion

Cambodian, Japanese financial bodies sign cooperation deal on bank supervision

The National Bank of Cambodia ( NBC), or the Central Bank, and the Japan Financial Services Agency (JFSA) signed a cooperation agreement on Wednesday, aiming at exchanging experience and expertise in the area of bank supervision, according to a news statement. ...

Xinhua team
http://www.khmertimeskh.com/news/12161/cambodian--japanese-financial-bodies-sign-cooperation-deal-on-bank-supervision/

Rainsy returns, open to PM’s ‘oath of lightning’

Opposition leader Sam Rainsy returned from an extended trip abroad Wednesday saying that he would accept Prime Minister Hun Sen’s challenge to swear on his life that the July 2013 national election was “stolen” by the CPP, adding that a systematic vote recount could be ...

Khuon Narim and Alex Willemyns
https://www.cambodiadaily.com/news/rainsy-returns-open-to-pms-oath-of-lightning-85338/

Beach property prices soar

Land prices behind Ocheateal and Otres beaches have – in some areas – doubled over the last year, surpassing their previous peak in 2008, according to realtors there. ...

Vincent MacIsaac
http://www.khmertimeskh.com/news/12198/beach-property-prices-soar/

‘Insurrection’ trial moves on

The last two opposition activists charged with inciting an “insurrection” during a protest of the 2013 general election were questioned yesterday at the Phnom Penh Municipal Court, as the lawyer of the accused aired hope that the court would not compile enough evidence to sentence ...

Meas Sokchea
http://www.phnompenhpost.com/national/insurrection-trial-moves

Toyoko inn set to open

The three-star Toyoko Inn hotel is set to open next week, filling the gap in the capital’s budget-business hotel market. ...

Igor Kossov
http://www.khmertimeskh.com/news/12197/toyoko-inn-set-to-open/

CNRP lawmaker accuses police of stopping border post trip

CNRP lawmaker Mao Monyvann on Wednesday said his delegation of opposition lawmakers and party supporters was once again thwarted in their efforts to visit a disputed border post along Cambodia’s contentious frontier with Vietnam, this time by Cambodian police. ...

Kuch Naren
https://www.cambodiadaily.com/news/cnrp-lawmaker-accuses-police-of-stopping-border-post-trip-85360/

After talks, workers return to jobs at M&V garment factory

A weekslong strike by more than 2,000 workers from a Phnom Penh factory that supplies global fashion brand H&M ended Wednesday after unions scaled down their original demands and backed down over a condition that workers receive their full salaries for the strike period, representatives ...

Ben Sokhean
https://www.cambodiadaily.com/news/after-talks-workers-return-to-jobs-at-mv-garment-factory-85362/

UNESCO to push both adult literacy and preschool education

Months away from the end of a 15-year plan to improve education in the country, officials announced Wednesday that Cambodia still needs to make strides to meet adult literacy benchmarks and set new priorities focusing on the country’s youngest students. ...

Maria Paula Brito
https://www.cambodiadaily.com/news/unesco-to-push-both-adult-literacy-and-preschool-education-85370/

PP land prices on the rise

As Cambodia moves forward with its economy and prepares for the ASEAN integreation, land prices in Phnom Penh are rising. Phnom Penh land prices increased between 10 to 30 per cent depending on whether the area was an economically active location, a residential area or an ...

Siv Meng
http://www.phnompenhpost.com/real-estate/pp-land-prices-rise

Vietnamese migrants arrested, deported

Cambodia’s immigration police arrested eight illegal Vietnamese migrants and deported 10 other Vietnamese nationals from the Kingdom on Wednesday. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/12157/vietnamese-migrants-arrested--deported/

FDI survey may lead to new property regulations

Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...

Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/fdi-survey-may-lead-new-property-regulations

Gov't backs prioritising nature crimes

Cambodia has called for ASEAN countries to support a proposal from Thailand that would recognise wildlife and forest crimes as a new priority in the Southeast Asian association’s transnational crime enforcement program. At a meeting of senior law enforcement officials from ASEAN countries held this week ...

Vong Sokheng
http://www.phnompenhpost.com/national/govt-backs-prioritising-nature-crimes

Water utility, residents clash over Poipet road

In the midst of a widespread drought, nearly 50 residents in Banteay Meanchey province’s Poipet town protested against the Anco utilities company over its digging up of a portion of road leading to the Kai Don Reservoir. ...

Sen David
http://www.phnompenhpost.com/national/water-utility-residents-clash-over-poipet-road

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