News
Siem Reap Market Fire Kills 8
Eight people, four of them children, were killed when fire ripped through Siem Reap City’s popular night market in the early hours of Saturday morning, officials and witnesses said. The fire, which stared at about 2 a.m., left the market completely gutted and damage estimated at ...
http://www.cambodiadaily.com/news/siem-reap-market-fire-kills-8-6531/
AEC will 'Cut impact of US, EU woes'
Malaysia is optimistic Asean is ready to be integrated into a single economic block by December 2015 despite uncertainties over growth in the euro zone and the US. International Trade and Industry Minister Mustapa Mohamed said the 10 member countries would be able to cushion the ...
http://www.nationmultimedia.com/business/AEC-will-Cut-impact-of-US-EU-woes-30195833.html
Cambodia: Prime Minister Hun Sen Mocks Land Dispute
Cambodian Prime Minister Hun Sen mocked a group of ethnic minority villagers who tried to petition him on Friday about their land dispute in northern Cambodia’s Rattanakiri province, after they were stopped from presenting their complaint during his visit on a land-titling campaign. Hun Sen was ...
http://www.eurasiareview.com/08122012-cambodia-prime-minister-hun-sen-mocks-land-dispute/
Cambodia to face mass return of nationals working in Thailand
Thai and Cambodian labour officials will facilitate the re-employment in Thailand of more than 160,000 Cambodian workers who will possibly be deported to their home country after the nationality verification process ends next Friday, a senior Thai official said today. The process involves 222,430 Cambodian ...
http://www.pattayamail.com/news/cambodia-to-face-mass-return-of-nationals-working-in-thailand-19104
Trat businesses prepare for boon as Cambodian industrial estate opens
Businesses in Trat province have been told by officials to shape up and prepare for massive new opportunities when Cambodia opens the Koh Kong Industrial Estate later this month. The industrial estate, close to the Trat border, will be inaugurated by Cambodian prime minister Hun Sen ...
Hun Sen distributes land titles to Rattanakiri residents
Prime Minister Hun Sen on Friday distributed 541 land titles covering 1,308 hectares to 301 mostly ethnic minority families in Andong Meas district. ...
Cambodia Sees Opportunity for US Investment in Agriculture
Cambodian Commerce Minister Cham Prasidh sees great potential for US companies that want to invest in agriculture, where he says they can do legitimate business relatively free from the graft as Cambodia makes anti-corruption headway. Cham Prasidh was in Washington last week, where he and other ...
http://www.voacambodia.com/content/cambodia-least-competitive-in-region-on-global-index/1559776.html
Government Revenues Up 27 Percent in First Nine Months
The government collected more than $1.4 billion in revenues during the first nine months of the year, a 27 percent increase over the same period last year, figures released Thursday by the Ministry of Economy and Finance show. According to the Table of Government Financial Operations ...
http://www.cambodiadaily.com/business/government-revenues-up-27-percent-in-first-nine-months-6508/
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 ...
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
Labour shortage in Cambodia's garment industry
Cambodia’s garment factories face a shortage of workers, because of migration, more job opportunities in different sectors and poor labour conditions, industry experts said. According to Ken Loo, secretary general of the Garment Manufacturer’s Association in Cambodia, there is a definite shortage of labour in Phnom ...
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 ...
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 ...
No loans until poll: World Bank
Discussions on restarting World Bank loans to Cambodia will not commence until after the 2013 elections, a bank official said yesterday. After a landmark freeze on loans announced in December 2010, a response to the forced evictions by the government of residents of the Boeung Kak ...
Report on Worldwide Land Grabbing Zeroes In on Cambodia
A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in Stockholm by three Swedish NGOs, The Race for Land offers Cambodia as one ...
Government Defends Chinese Dams
Following a dam breach in Pursat province, ruling CPP lawmakers yesterday defended the government’s primary plan to tackle its energy crisis by contracting Chinese companies to build hydropower dams on the country’s rivers. A section of concrete tunnel at the Stung Atai dam in Pursat province ...
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. ...
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 ...
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 ...
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 ...
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 ...
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 ...