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

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 ...

http://www.cambodiadaily.com

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/

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 ...

http://english.peopledaily.com.cn/90883/8183679.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

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

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 ...

http://www.phnompenhpost.com/2013032764713/Business/thai-co-op-seeks-to-boost-cambodia-s-market-access.html

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

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