News

Mass Evictions Loom for Wildlife Sanctuary

Ms Sam On, 37, has already lost her house. It was one of three homes razed in April by Kratie provincial military police, environment officials and workers of the Sovannvuthy rubber company, after a tense stand-off with about 100 villagers that villagers said ended with ...

Petrol prices squeeze domestic consumers

Soaring prices for gasoline and goods have hurt some Cambodian consumers, causing what economists have said was a drop in the living standard of the Kingdom’s lower-income population. Gasoline traded at 5,300 riel per litre in Phnom Penh yesterday, an increase of about  12 percent ...

http://www.phnompenhpost.com/index.php/2011080350825/Business/petrol-prices-squeeze-domestic-consumers.html

More competition from Thai millers

Thai government proposals to pay above market prices to rice farmers could complicate Cambodia’s goal of becoming a major milled rice exporter, according to industry insiders. Pheu Thai party leader Yingluck Shinawatra has announced plans to buy rough rice for a guaranteed price of 15,000 ...

http://www.phnompenhpost.com/index.php/2011080350827/Business/more-competition-from-thai-millers.html

FPT talks operating telecoms in Cambodia

Vietnamese company FPT Telecom aims to extend operations to the Kingdom, after its attempted acquisition of Vietnam’s EVN Telecom fell through. FPT Telecom “has plans to expand business in Cambodia, but all is in discussion”, a spokesperson said late on Monday, declining to comment further. ...

http://www.phnompenhpost.com/index.php/2011080350826/Business/fpt-talks-operating-telcoms-in-cambodia.html

Vattanac in damage denial

A top executive from Cambodian company Vattanac yesterday denied the firm had damaged colonial-era buildings along the capital’s riverfront, as one local business owner sought a new home. Construction at a Vattanac building site – situated on Phnom Penh’s Sisowath Quay – has been at ...

http://www.phnompenhpost.com/index.php/2011080350834/National-news/vattanac-in-damage-denial.html

Inflation rates driven by increases in food prices

The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National Institute of Statistics’ latest figures. Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show. Experts said Cambodia’s ...

http://www.phnompenhpost.com/index.php/2011070650211/Business/inflation-rates-driven-by-increases-in-food-prices.html

CAMBODIA-NORTH KOREA UPDATE BILATERAL AGREEMENTS

Cambodia and Democratic People’s Republic of Korea (DPRK) have inked the agreements to expand bilateral trade, technologies, agriculture, industry, investment and the health sector, and both sides also are trying to boost close ties for mutual benefits while both nations’ trading has been reported to be ...

http://thesoutheastasiaweekly.com/?p=1301

Officials to Enforce Court Order to Halt Bassac Garden Work

Further development of Bassac Garden City is to be halted after a court order was issued. This means that no more “construction, selling, renting, pawning, giving as donation, bequeathment or transference of ownership of the 3,000 square meters of land,” can happen. There is currently ...

PetroVietnam Fertilizer Opens Cambodian Branch

PetroVietnam Fertilizer and Chemicals Joint Stock Company (PVFCC) opened a branch in Cambodia in order to facilitate the direct sale of their imported fertilizers to farmers directly. The company gave away 25 tons of fertilizer free in Battambang province in order to celebrate the opening. ...

Bad Loans Grew in Some Banks in 2010

Nonperforming loans have increased in some banks though the number for the banking system over all has decreased 3 percent according to the National Bank of Cambodia. ANZ Royal Bank has seen a rise to 5.7 percent while Canadia Bank rose to 6.5 percent. Other ...

Hotel Staff Fired for Union Creation, Say Rights Group

Staff of the Angkor Village Hotel and Resort in Siem Reap have begun protested after the owner fired a total of 30 trade union officials and members after the staff joined a union in July. The dispute initially started when the owner of the hotel ...

Khy Sovuthy, P 24
http://www.cambodiadaily.com

Bus Company’s Partner Involved in Similar Crash

Kampuchea Angkor Express and Virak Buntham Express Travel, two bus companies that share a fleet of busses and operate services running between Siem Reap, Cambodia and Ho Chi Minh City, Vietnam have both been involved in bus crashes recently. A number of passengers were injured ...

Riverside Site Not Ours, Says Vattanac

Vattanac Properties Ltd’s president has denied ownership of a building site where construction has damaged the surrounding block of historic French Colonial era buildings. Chhung Leang who is also a cofounder of Vattanac Bank has said that the site is owned by an individual but ...

Inflation Report To Be Delayed Official Says

With prices creeping upward and the central bank looking to take monetary action to fight inflation, the government has suspended the publication of the monthly Consumer Price Index, an official at the Ministry of Pallning said yesterday. Sam Saroeun, deputy director of the statistic department ...

Seized Wood Reported Stolen From R’kiri Park

Seized and then sold wood has apparently been stolen from the Try PHeap Import Export Company which bought the lumber. The wood amounts to approximately 42 cubic meters and is priced at over $37,000. Blame for the theft is being cast everywhere including on the ...

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