News

Land Is Life, and It’s Slipping Away

Nean Narin, a humble man and father of three children, says his family is going hungry. Narin lives in the village of Boeung Kak, situated on the edge of Cambodia’s capital, Phnom Penh. For years, he and other villagers relied on the Boeung Kak Lake ...

http://www.ipsnews.net/2013/02/land-is-life-and-its-slipping-away/?utm_source=dlvr.it&utm_medium=twitter

Prey Lang activists halted on road

More than 300 activists from Kampong Thom province’s Prey Lang Community Network were stopped by district police yesterday as they were marching from the Vietnamese-owned CRCK Company to deliver a lawsuit in Sandan district calling for the postponement of alleged forest clearing and the “invasion” ...

http://www.phnompenhpost.com/2013021461350/National/prey-lang-activists-halted-on-road.html

Major Cineplex comes to Cambodia

Thai-based movie theatre company Major Cineplex said it will build “a high-end lifestyle and entertainment complex” at the Aeon mall in Phnom Penh, hoping to capture Cambodia’s youth market in what it believes is a stable business environment for its entertainment products. While it sees prospects in ...

http://www.phnompenhpost.com/2013021461365/Business/major-cineplex-comes-to-cambodia.html

Year of the Snake lures 85,000 visitors to Kampot

Almost 85,000 visitors traveled to Kampot over the first three days of the Lunar New Year. The 84,917 visitors included 1,252 foreigners with the Bokor Mountain resort alone attracting 67,548 visitors including 1,004 foreigners, [a tourism official] said. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZTkxNjBjZmNjN2M

Angkor Wat sees tourism spike over Lunar New Year

The number of domestic and foreign tourists visiting Siem Reap’s ancient Angkor Wat temple and the Kingdom’s coastal areas increased sharply during this year’s three-day Lunar New Year. Data from the Siem Reap provincial tourism department show that 52,909 tourists visited Siem Reap during Lunar ...

http://www.phnompenhpost.com/2013021461364/Business/angkor-wat-sees-tourism-spike-over-lunar-new-year.html

$2m missing: telecom staff

More than 200 employees of Telecom Cambodia demonstrated yesterday morning, demanding the company’s general director step down and that the Anti-Corruption Unit investigate the company. The strikers claimed general director Lao Saroeun had been involved in large-scale embezzlement, other forms of corruption and disrespect ...

http://www.phnompenhpost.com/2013021461353/National/2m-missing-telecom-staff.html

Land prices along major roads increase sharply

The price of land along four major boulevards in Phnom Penh climbed by 16 per cent in early 2013, according to real estate experts, compared to the same period in 2012. VMC Real Estate chairman Dith Channa said land prices increase because the quality of ...

Seun Son
http://www.phnompenhpost.com/real-estate/land-prices-along-major-roads-increase-sharply

Injunction Issued Against Garment Factory

The Kandal Provincial Court issued an injunction yesterday against Yung Wah Industrial Co. Ltd., preventing the company from selling assets at its two garment factories in Takhmao City where thousands of workers have been protesting the past two days over unpaid wages. ...

http://www.cambodiadaily.com/

Optimism as Cashew Season Gets Under Way

As the cashew-harvesting season in Cambodia’s northeastern provinces begins, farmers are expecting a good crop due to favorable weather conditions last year, an official said yesterday. ...

http://www.cambodiadaily.com

Private residential property in Cambodia attracting foreign investors

Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...

http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.html

MTZ to set up Belarus-Mekong joint venture in Cambodia

Minsk Tractor Works (MTZ trademark) will make a monetary contribution to the authorized capital of a private company Belarus-Mekong that is being set up in Cambodia. Upon the suggestion of the Industry Ministry of Belarus, the Belarusian company will transfer 32 million Cambodian riels (about ...

http://news.belta.by/en/news/econom?id=706786

Thousands Protest, Claiming Unpaid Salaries

Thousands of employees of two Singaporean-owned Yung Wah Industrial (Cambodia) Co.Ltd. factories, which produce shirts for Gap Inc. among other international brands, went on strike yesterday in Kandal province, claiming that they were not paid their salaries for last month. “Normally, salaries are paid between the ...

http://www.cambodiadaily.com

Plantation manager aims to be top oud oil producer

Asia Forestry Management, an integrated plantation-management company with a focus on cultivating Aquilaria crassna, aims to become Thailand’s biggest producer of oud oil this year and Southeast Asia’s in five years. The company’s plant in Trat province will be expanded to produce 280 kilograms of ...

http://www.nationmultimedia.com/business/Plantation-manager-aims-to-be-top-oud-oil-producer-30199911.html

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