News

Sofa Man a big hit with local lounge lizards

Many expats living in Siem Reap have found themselves on the eternal quest for a comfortable sofa. A big, squishy sofa like the one at home, that allows a body to really stretch out on. A Khmer settee – wooden, bench-like and unforgiving – just ...

http://www.phnompenhpost.com/index.php/2012111659759/Siem-Reap-Insider/sofa-man-a-big-hit-with-local-lounge-lizards.html

EU warns 8 nations to improve their fight against illegal fishing

he European Union is warning eight nations from around the world to improve their fight against illegal fishing or risk sanctions. EU Fisheries Commissioner Maria Damanaki said Thursday that naming Belize, Cambodia, Fiji, Guinea, Panama, Sri Lanka, Togo and Vanuatu did not mean they were put ...

http://www.edmontonjournal.com/business/warns+nations+improve+their+fight+against+illegal+fishing/7552277/story.html

China's Aid to Cambodia Helps Cement Ties

When Asia-Pacific leaders gather this weekend in Southeast Asia—a bright spot in a sputtering global economy—their Cambodian hosts may extend a warm welcome to U.S. President Barack Obama, but they will view officials from Beijing as old friends. Mr. Obama’s visit to Cambodia—this year’s host for ...

Chun Han Wong
http://online.wsj.com/article/SB10001424127887324595904578120582308358540.html

Cambodia arrests 8 for painting ‘SOS,’ plastering rooftops with Obama’s picture seeking help

One thing President Barack Obama will not see in Cambodia is pleas for help painted on rooftops near the airport. Authorities on Thursday arrested eight villagers who had hoped to attract the attention of Air Force One by plastering the U.S. president’s picture on their rooftops ...

http://www.washingtonpost.com/world/asia_pacific/cambodia-arrests-8-for-painting-sos-plastering-rooftops-with-obamas-picture-seeking-help/2012/11/15/381890ce-2ef7-11e2-b631-2aad9d9c73ac_story.html

New 10-storey office building on Norodom Boulevard

The owner of the under-construction 10-storey building located on the corner of Street 178 and Norodom Boulevard, who asked not to be identified, said the building will be used as office space and apartments. The three floors on the top of the building will be apartments ...

http://www.phnompenhpost.com/index.php/Real-Estate/new-10-storey-office-building-on-norodom-boulevard.html

Senator's 2nd Sugar Refinery to Start Up Monday

Two years after breaking ground, a sugar refinery situated on a pair of controversial plantation belonging to CPP Senator Ly Yong Phat and his wife will have its first test run on Monday, Prime Minister Hun Sen said yesterday. He said the refinery would be ...

http://www.cambodiadaily.com

Riviera project to begin in 2013

Canadia’s Bank’s futuristic $100 million Riviera project on Koh Pich Island will begin construction early in 2013, according to a company spokesman. Riviera project manager Chen Hok said that two 28-storey buildings and three buildings of 38 storeys will be built in early 2013, while they ...

http://www.phnompenhpost.com/index.php/Real-Estate/riviera-project-to-begin-in-2013.html

Forum talks up CLV development triangle

A Dak Lak province business forum late last week discussed measures to further promote investment in the Cambodia-Laos-Vietnam Development Triangle. About 300 delegates and guests from the three countries attended the forum, organised by the Vietnam’s Ministry of Planning and Investment (MPI), in partnership with Vietnam’s ...

http://english.vietnamnet.vn/fms/business/52545/business-in-brief-15-11.html

Firm Posts fall In Profits on Slot Machines

Entertainment Gaming Asia Inc. (EGA), a U.S.-listed gaming firm operating primarily in Cambodia, posted a 93 percent decrease in profits for the first nine months of the year compared to the same period in 2011, according to the company’s financial statement released Tuesday. “The decrease ...

http://www.cambodiadaily.com

Merit in rice trade plan

The cabinet on Tuesday approved a proposal allowing the Commerce Ministry to form a rice trade partnership with Asean’s four other rice-producing countries, namely Vietnam, Laos, Cambodia and Myanmar, to stabilise rice prices in the global market and to promote food security in the region. The ...

http://www.bangkokpost.com/news/local/321297/rice-trade-area-plan-has-merit

Asean Fellows Warn Cambodia of Mining Pitfalls

Community representatives from Indonesia and the Philippines warned Cambodia yesterday of the potential human cost that an influx of mining companies could bring to the country. As private companies scour the land for minerals, with some set to begin extraction within a few years, Cambodia could ...

http://www.cambodiadaily.com

Costs outweigh the benefits of foreign direct investment: FAO

Cambodia has been featured as a case study in a new report launched by the Food and Agriculture Organization of the United Nations (FAO) focusing on the effect of foreign direct investment (FDI) in developing nations’ agricultural sectors. While the report acknowledges the positive effects ...

Erika Mudie
http://www.phnompenhpost.com/index.php/2012111559750/Business/costs-outweigh-the-benefits-of-foreign-direct-investment-fao.html

Hun Sen vows to intervene as dollar plunges to 3,888 riel

Cambodian Prime Minister Hun Sen said Wednesday that the government would intervene to stem the riel’s sharp rise against the US dollar in recent days. “The Cambodian riel has been rising for several days,” he told a land-distribution ceremony in Oral district in Kampong Speu province, ...

http://www.asianewsnet.net/home/news.php?sec=1&id=38887

Top Hotels Fully Booked Ahead of East Asia, Asean Summits

Visitors hoping to stay in Phnom Penh’s top hotels in the coming days will have to seek shelter elsewhere, as the city’s most sought after rooms are booked solid for the East Asia and Asean summits, hoteliers said yesterday. “We are completely full during the ...

http://www.cambodiadaily.com

Myanmar Airways flights to Cambodia to take off again

Myanmar Airways International (MAI) will resume its regular flights between Yangon and Cambodia’s two main international airports in early December after they were suspended for about three months. MAI started a twice-weekly schedule to Siem Reap in late February, but suspended the route over the last ...

http://www.phnompenhpost.com/index.php/2012111559748/Business/myanmar-airways-flights-to-cambodia-to-take-off-again.html

Printing industry growing in the region

The printing industry, especially for packaging, is growing in Cambodia and the region, participants at a trade event in Phnom Penh said on Monday. “It has certainly developed, the demand is slowly rising,” Karen Prager, business unit manager at Rieckermann Cambodia, told the Post. The Drupa ...

http://www.phnompenhpost.com/index.php/2012111559747/Business/printing-industry-growing-in-the-region.html

Before Obama visit, Cambodians clear streets -- or take to them

As Barack Obama prepares for the first visit by a United States president to Cambodia this month, the country is reportedly preparing for him too — by hiding street children from sight in Phnom Penh While the government has tidied its streets, protesters have begun camping ...

http://By Emily Alpert

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