News
Striving to make finance accessible
Access to finance could reduce violence, empower the most vulnerable in society and improve the livelihoods of Cambodia’s poorest people, a conference on community-led funding heard on Wednesday. Sarah Sitts, country manager of the international NGO Pact, introduced the funding model of savings-led micro-finance (SLMF). In ...
http://www.phnompenhpost.com/2013032964776/Business/striving-to-make-finance-accessible.html
EdC Appeals For Public to Unplug In Power Crisis
Cambodia’s national electricity provider yesterday appealed to the public to unplug from the national energy supply in an effort to alleviate chronic seasonal power shortages that are causing blackouts across Phnom Penh and the rest of the country. Eletricite du Cambodge (EdC) published an announcement asking ...
Kratie cut to shreds
‘I heard a f—ing crazy dog say that we can’t dock in Kampong Saom, but we definitely can do that,” a crackling voice declares boisterously. The speaker, captured in video obtained by the Post, is part of an illegal timber syndicate. The identity of the speaker ...
http://www.phnompenhpost.com/2013032964752/National/kratie-cut-to-shreds.html
Malaysia’s Felda mulls local crops
Malaysia-based agricultural and commodities company Felda Global Ventures Holdings is considering investing in palm oil, sugar and rubber crops in Cambodia. Felda Global head of corporate communications Izan Hussain said yesterday the company had received numerous business proposals, but had not made any decisions. “Our discussions and ...
http://www.phnompenhpost.com/2013032964774/Business/malaysia-s-felda-mulls-local-crops.html
China's Taiwan opens 2nd bank in Cambodia
Taiwan Cooperative Bank, one of the leading banks in China’s Taiwan, officially commenced business in capital Phnom Penh on Thursday, bringing the number of commercial banks in the kingdom to 33. Taiwan Cooperative Bank is the 2nd bank from China’s Taiwan in Cambodia after the Mega ...
Cambodia Posts 29 pct Rise In Large-Scale Factories Last Year
The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...
http://www.asean-china-center.org/english/2013-03/28/c_132269109.htm
Initial Mapping For Communal Titles Underway in Mondolkiri
Initial mapping of three ethnic minority Banong communities in Mondolkiri province got underway yesterday, a critical step in their plans to gain much coveted communal titles to their ancestral land. Established by the 2001 Land Law, communal land titles were designed specifically to protect the ancestral ...
Japanese grants set to aid local farmers
The Japanese government has provided $118,996 for constructing a cassava propagation and distribution centre in Battambang province. The fund comes in response to the recent challenges facing farmers in the province who are facing a shortage of cassava trees to plant. Kumamaru Yuji, Japanese ambassador to ...
http://www.phnompenhpost.com/2013032864733/Business/japanese-grants-set-to-aid-local-farmers.html
Beeline In Negotiations with Potential Buyer
VimpelCom, the parent company of local mobile operator Beeline, is looking to sell the majority share of its Cambodian assets and has entered into negations with a possible buyer, according to a document obtained yesterday. “VimpelCom intends to dispose its entire indirect 90.0 percent stake in ...
http://www.cambodiadaily.com/business/beeline-in-negotiations-with-potential-buyer-16275/
Creditors Claim $160 Million in Mfone Debts
Thousands of creditors have come forward alleging they are owed a combined $160 million by bankrupt mobile phone operator Mfone, the administrator appointed to the case said yesterday. “Mfone owes money to hundreds of companies and thousands of individuals totaling $160 million,” he said. Nim Solida, ...
http://www.cambodiadaily.com/business/creditors-claim-160-million-in-mfone-debts-16379/
European Lawmakers Press for Probe of Land Concessions
Lawmakers from the European Union (E.U) are again urging the block’s trade commissioner to investigate Cambodia’s Economic Land Concessions (ELCs) over a raft of alleged rights abuses and consider revoking the duty free access their owners currently enjoy to member states. Going mostly to industrial ...
Tax revenue sees a 27 per cent jump
The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...
http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html
China's Nanning City officials visit Cambodia to promote tourism ties
A group of about 20 officials and tourism-related business owners from Nanning City, capital of south China’s Guangxi Zhuang Autonomous Region, is visiting Cambodia to broaden bilateral relations and cooperation in tourism. The delegation is led by Yang Min, Nanning’s vice mayor. On Tuesday, the group ...
Cambodian Land Rights Activist's Bail Plea Rejected
The Cambodian Supreme Court on Wednesday rejected a jailed land rights activist’s appeal to be released on bail, drawing criticism from rights groups who said the whole case smacked of political interference and should be thrown out. “I am having heart, respiratory, and stomach ...
http://www.rfa.org/english/news/cambodia/land-03272013191716.html
ADB praises Cambodia for public debt management
Eric Sidgwick, Country director of the Asian Development Bank (ADB) to Cambodia applauded Cambodia for managing it’s, sometimes problematic, public debts. During the Wednesday meeting with Deputy Prime Minister, Sok An, Eric Sidgwick said, good management led to the positive changes of donations and ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDQ1NmJhNTk1M2V
Illegal rosewood seized at border
Police have cracked down on illegal large-scale rosewood smuggling at the Cambodia-Thai border in the district of Malai. In the sting operation Tuesday night, led by Banteay Meanchey prosecutor, Phan Pirom, the authorities have seized around three tons of rosewood, hidden in the truck bed used ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=M2M4YzlhNzA2NmY
Organic vegetable demand growing
On a farm in Kampong Speu province, Erm Rim is talking to a small crowd of consumers and journalists, explaining the process of growing vegetables using only natural resources. Rim talks on the sidelines of a consumer field trip organised by the Cambodian Center for ...
http://www.phnompenhpost.com/2013032764708/Inside-Business/organic-vegetable-demand-growing.html
Boeung Kak activist to seek bail
A bail hearing for imprisoned Boeung Kak lake land activist Yorm Bopha, 29, will be held this morning at the Supreme Court, her husband, Lous Sakhorn, said yesterday. Bopha was arrested on September 4 last year and charged with intentional violence over the assault ...
http://www.phnompenhpost.com/2013032764717/National/boeung-kak-activist-to-seek-bail.html
New land titles not recognised: villagers
Ten families locked in a long-standing land dispute with the Pheapimex Group in Pursat provinces’s Krakor district said yesterday that the company was refusing to recognise titles recently granted to them and blocking them from the land.“We 10 families have been given more than 30 ...
May Titthara
http://www.phnompenhpost.com/2013032764723/National/new-land-titles-not-recognised-villagers.html
Cambodian Vtrust plans CSX floating
Local real estate company Vtrust Property Group plans to engage an underwriter in as little as two years to help it list on the Cambodia Stock Exchange, the company’s chairman, Kuy Vat, said yesterday. The company is now preparing the necessary documents on its business, corporate ...
http://www.phnompenhpost.com/2013032764710/Business/cambodian-vtrust-plans-csx-floating.html
Forestry Administration Fights Logging with Wedding Gardens
As the remains of the county’s forests fall to rapacious illegal loggers and to make way for the government-awarded economic land concessions, officials tasked with forestry protection are hoping newlywed couples can build a last line of defense. “Wedding gardens”- green spaces where newly-married couples are ...
Kuch Naren, P.20
http://www.cambodiadaily.com
Thai Co-Op Seeks To Boost Cambodia’s Market Access
A delegation from a Thai agricultural co-operative yesterday discussed means of improving agricultural products and market access with representatives of the Ministry of Commerce in Phnom Penh. Kamit Likhitvidhayavuth of the Thai co-operative said his team aimed to strengthen market access for Cambodian goods. No agreement ...
Illegal migration ticking up
llegall migration is on the rise, but human trafficking cases appear to be declining, according to the government’s annual labor migration report, released yesterday. Speaking at the start of a three-day workshop held at the Ministry of Interior that involving embassies, NGOs and government officials, Chou ...
http://www.phnompenhpost.com/2013032764724/National/illegal-migration-ticking-up.html
Blackouts tell tale of two cities
It is barely dawn in the quiet suburb of Phnom Penh Thmey, but already the silence has been pierced by the cacophony of generators. On some streets, nearly every household has one of the machines burning through diesel in a bid to fill their basic electricity ...
http://www.phnompenhpost.com/2013032764725/National/blackouts-tell-tale-of-two-cities.html