News

Government Decree Regulates Internet Cafe Use

The Ministry of Post and Telecommunications has ordered that Internet cafes be prohibited from operating within 500 meters of a school and imposing restrictions on patrons under the age of 18. A notice sent to government offices from Telecommunications Minister So Khun, dated November 12, outlines ...

http://The Cambodia Daily

Cambodia Least Competitive in Region on Global Index

Cambodia is the one of the least competitive countries in the region, hampered by corruption, a poorly educated workforce and inefficient government, according to a recent study. The annual Global Competitive Index, conducted by the World Economic Forum, showed a large uptick in reported corruption for ...

http://www.voacambodia.com/content/cambodia-least-competitive-in-region-on-global-index/1559776.html

MoU to strengthen co-operation between Cambodia and India

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is expected to sign a Memorandum of Understanding with the Confederation of Indian Industries (CII) today to strengthen the co-operation on human resource training and quality control, an insider said. The Sokha, deputy director ...

http://www.phnompenhpost.com/index.php/2012120760146/Business/mou-to-strengthen-co-operation-between-cambodia-and-india.html

Mooted casino tax shot down by ruling party

Casinos are first and foremost for protecting Cambodia’s border, not for making money, government lawmakers insisted in parliament yesterday when drilled about their opposition to raising gambling taxes. Seizing on an off-the-cuff comment made by Prime Minister Hun Sen during a speech in August, Finance Minister ...

http://www.phnompenhpost.com/index.php/2012120760158/National-news/mooted-casino-tax-shot-down-by-ruling-party.html

Electronics Supplier Files Complaint Against Mfone

Electronic equipment supplier Eltek Valere Ltd. filed a complaint Wednesday with the Phnom Penh Municipal Court against mobile operator Mfone, demanding the company pay the $3.7 million it owes to Eltek from a previous GSM contract, a lawyer for Eltek said. ... ...

http://www.cambodiadaily.com

Two More Families Drop Sugar Suit for Cash Payout

CPP Senator and business tycoon Ly Yong Phat has convinced to more families in Koh Kong province to take a cash payout in exchange for dropping out of a lawsuit involving two local sugarcane plantations he once co-owned, official said. More that 200 families in Sre ...

http://www.cambodiadaily.com

National Assembly Lawmakers Reject SRP Budget Suggestions

Lawmakers at the National Assembly yesterday debated the government's plan for public spending next year, with the opposition challenging the government's plans to rack up more foreign debt. Since the draft of the 2013 budget was released last month, the opposition has come forward with detailed ...

http://www.cambodiadaily.com

Angkor Wat site in danger: Deputy PM

In a rare acknowledgement of deforestation concerns, Deputy Prime Minister Sok An, chairman of the National Commission for UNESCO, said the widespread clearing of forests around Angkor Wat was harming views of the historic temple complex. Sok An made the remarks in Siem Reap at a ...

http://www.phnompenhpost.com/index.php/2012120760153/National-news/temple-site-in-danger-dpm.html

Cambodia inaugurates China-funded 121-km road in northeast

Cambodia on Thursday inaugurated a China-funded national road No. 78 in the country's northeastern provinces, which is expected to contribute to developing economy and poverty reduction. The 121-kilometer road, extending from Ratanakiri province to Stung Treng province, was built by China's Shanghai Construction ( Group) General ...

http://news.xinhuanet.com/english/china/2012-12/06/c_132023652.htm

Japanese auto supplier sets to launch auto parts factory in Cambodia

A Tokyo-based auto supplier, the Yazaki Corporation, has completed the construction of an automotive electronics and instrument plant in Cambodia and the production will be launched later this month, a company representative said Wednesday. Speaking during a meeting with Cambodian Prime Minister Hun Sen at the ...

http://www.nzweek.com/business/japanese-auto-supplier-sets-to-launch-auto-parts-factory-in-cambodia-32775/

Peace Palace petitions sent to Prime Minister

Eight representatives of Phnom Penh communities involved in land disputes were allowed to present their petitions to the Council of Ministers yesterday after authorities blocked about 200 of their fellow petitioners from gathering in front of the Peace Palace. During a meeting with the representatives, Bun ...

http://www.phnompenhpost.com/index.php/2012120660124/National-news/peace-palace-petitions-sent-to-prime-minister.html

Cambodia's Securities Exchange set to add more listings

Cambodia's Securities Exchange (CSX) may have its first private company listing early next year with Grand Twin International, a Taiwanese-owned garment factory, submitting its letters of intention to the Securities Exchange and Commission of Cambodia (SECC). Industry representatives and government officials believe the listing will be ...

http://www.phnompenhpost.com/index.php/2012120660130/Business/cambodias-securities-exchange-set-to-add-more-listings.html

Real Estate Mondays launches

A group of local property agents has initiated a monthly gathering for real estate professionals and those interested in the industry to meet and share business ideas and industry insights. The first of the monthly gatherings, known as Real Estate Monday, was held this week at ...

http://www.phnompenhpost.com/index.php/Real-Estate/real-estate-mondays-launches.html

Labour shortage vexes farmers in Pailin province

Farmers in Pailin province have complained about a shortage of workers during this year’s corn and cassava harvesting season. Meas Loeun, team leader of Momean Moy community’s 38 teams in Pailin, said the shortage of workers to help harvest corn and cassava is a major challenge ...

http://www.phnompenhpost.com/index.php/2012120660128/Business/labour-shortage-vexes-farmers-in-pailin-province.html

Cambodia Retains Its Reputation for Corruption

Cambodia continues to rank among the most corrupt countries in the world and much needs to be done to enforce the Anti-Corruption Law and investigate allegations of corruption, Transparency International (T.I.) Cambodia said yesterday. According to T.I.’s 2012 Corruption Perceptions Index (CPI), Cambodia ranked 157th among ...

http://www.cambodiadaily.com/news/cambodia-retains-its-reputation-for-corruption-6475/

Kampong Chhnang prices on the rise

Real estate prices in Kampong Chhang province have increased by around 10 per cent over the last 12 months, according to experts. Dith Chana, general manager of VMC Real Estate Cambodia, said that Kampong Chhnang is only 91 kilometres from Phnom Penh, but the development of ...

http://www.phnompenhpost.com/index.php/Real-Estate/kampong-chhnang-prices-on-the-rise.html

Chinese officials to dam site

China has reportedly dispatched embassy officials to investigate a major breach at the Chinese-built Stung Atai dam in Pusat province on Saturday, which swept away four men, three of whom are still missing. Yang Tian Yue, spokesman for the Chinese Embassy in Phnom Penh, told local ...

http://www.phnompenhpost.com

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