News

Disgraced ambassador’s property is a hard sell

The seized property of fugitive former ambassador Nan Sy has so far failed to fetch bidders, denying state coffers some $400,000 embezzled by the disgraced official. The undeveloped 10 by 20 meter plot in Tuol Kork district was put up for auction last week in an effort to ...

http://www.phnompenhpost.com/index.php/2012101959309/National-news/disgraced-ambassadors-property-is-a-hard-sell.html

Exports hold up despite EU slowdown

Cambodia has coped well in terms of exports despite the slowdown in some European economies, said the head of the IMF’s Asia-Pacific department last week. Anoop Singh, director for the department, said Cambodia has enjoyed many years of economic growth at about 6 per cent or ...

http://www.phnompenhpost.com/index.php/2012101959320/Business/exports-hold-up-despite-eu-slowdown.html

UN Report Says Law Marginalizes Sex Workers

Police targeting of sex workers for arrest has made them vulnerable to contracting or spreading HIV, according to a U.N. report released yesterday. The U.N. report, Sex Work and Law in Asia and the Pacific-Laws, HIV and human rights in the context of sex work, states that ...

Rights Workers in Court Over Intimidation

The Ratanakkiri Provincial Court has summoned for questioning two human rights workers who have lodged court complaints against local officials for disrupting their land-rights workshop in July. Pen Bonnar, provincial coordinator for Adhoc, and Chhim Savuth, a project coordinator for the Cambodian Center for Human Rights (CCHR), filed ...

Two Thousand More Students to Measure Land

Following a ceremony to honor late King Father Norodom Sihanouk on Phnom Penh’s Koh Pich, more than 2,000 additional student volunteers were deployed yesterday morning by the Ministry of Land Management to measure plots of land in 19 provinces, officials said. Mr. Chhun Lim [Land Management Minister] said that ...

Cambodia has potential for social businesses

Despite challenges, Cambodia has potential for the establishment and expansion of social businesses, participants of the Microfinance & Social Business Conference in Phnom Penh said yesterday. While social business in Cambodia is still in an early phase compared to micro-finance  “Cambodia is a promising land” for such ...

http://www.phnompenhpost.com/index.php/2012101959321/Business/cambodia-has-potential-for-social-businesses.html

Jailed Radio Station Owner Launches Appeal

Mam Sonando, the independent radio station owner whose jailing for 20 years earlier this month provoked international condemnation of the country’s courts, has launched an appeal, his wife and a prison official said yesterday. Mr. Sonando, the owner of Beehive Radio, was convicted by the Phnom ...

CSX: Six months down the line

Trading on the Cambodian Securities Exchange remained low yesterday, which also marked six months of operation for the bourse. An official said this is due to a lack of public awareness and listed companies. Ming Bankosal, General Director of the CSX, said that as listed companies ...

http://www.phnompenhpost.com/index.php/2012101959319/Business/csx-six-months-down-the-line.html

Vendors Capitalize on King Father Keepsakes and Memorabilia

Vendors at the Royal Palace were doing a brisk trade yesterday, as people wanting to own a little piece of history- King Father Norodom Sihanouk memorabilia- purchased photographs of the late monarch, as well as freshly printed T-shirts bearing late King’s image. Almost immediately after news ...

Strikes put on pause for King Father

The Free Trade Union expects thousands of workers from across the country to join FTU president Chea Mony in paying respects to the late King Father Norodom Sihanouk on Tuesday.   To make up for the lost day of work, workers will instead work on October ...

http://www.phnompenhpost.com/index.php/2012101959307/National-news/strikes-put-on-pause-for-king-father.html

Cambodia Unsuccessful in Bid for UN Security Council Seat

The U.N. General Assembly’s vote for the Asia-Pacific non-permanent seat on the Security Council went to the wire yesterday night, as a second ballot had to be held when none of the contenders, Cambodia, South Korea and Buthan, won a clear two-thirds majority. After the ...

UN Security Council bid falls short

After more than a year of bitter campaigning, Cambodia saw its efforts to win one of five non-permanent seats on the UN Security Council fall flat early this morning after the vote went to South Korea. In an election held at the UN General Assembly in ...

http://www.phnompenhpost.com/index.php/2012101859300/National-news/un-security-council-bid-falls-short.html

Xiamen expected to set up sister city relationship with Cambodia's Kampot

Cambodia may set up a consulate in Xiamen in the near future, and the Cambodian port city of Kampot is expected to establish sister city relationship with Xiamen, reported Haixi Morning News on Wednesday. Cham Prasidh, Cambodian Minister of State and Minister of Trade and Commerce, ...

http://www.whatsonxiamen.com/news27659.html

China, Cambodia agree to further advance ties

China and Cambodia agreed on Thursday to further advance their comprehensive relations of strategic cooperation and partnership in accordance with the will of late Cambodian King-Father Norodom Sihanouk. Cambodian Prime Minister Hun Sen told visiting Chinese State Councillor Dai Bingguo on Thursday morning that Cambodia “will ...

http://news.xinhuanet.com/english/china/2012-10/18/c_131915190.htm

Buying property by installment on the increase

The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...

http://www.phnompenhpost.com/index.php/Real-Estate/buying-property-by-instalment-on-the-increase.html

National Road 1 prices on the rise

Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. The land that surrounds National Road 1 can be divided into three locations according to the ...

http://www.phnompenhpost.com/index.php/Real-Estate/national-road-1-prices-on-the-rise.html

Phnom Penh Water Festival off

The Cambodian government has decided to cancel this year’s Water Festival in Phnom Penh out of respect for the late King Father Norodom Sihanouk, Prime Minister Hun Sen announced on Tuesday. The Prime Minister said in a circular notice that the celebration on the Tonle Sap ...

http://www.phnompenhpost.com/index.php/2012101859288/National-news/water-festival-cancelled-in-honour-of-the-king.html

Rights Activist Denies Phnom Penh Move Is Due to Charges

A Ratanakkiri-based human rights worker charged by the Ratanakkiri Provincial Court with inciting ethnic minority villagers to protest during a 2009 land dispute with a private agro-industry company has been transferred to work in Phnom Penh. Pen Bonnar, Ratanakkiri provincial coordinator for Adhoc , said yesterday ...

Franchise industry expands

Cambodia’s growing economy and hunger for new brands, particularly among young people, contribute to making Cambodia a profitable market for the franchise business, industry insiders said at the Franchising Forum in Phnom Penh last week. [Rami Sharaf, CEO of RMA Group in Cambodia] said Cambodia is ...

http://www.phnompenhpost.com/index.php/2012101859294/Business/franchise-industry-expands.html

Pchum Ben not spared traffic deaths, injuries

Twenty-six people died and another 85 were seriously injured on roads in the final three days of Pchum Ben this year. The toll is only marginally fewer than last year, when 75 separate traffic accidents caused 98 people to be admitted to hospital with serious injuries ...

http://www.phnompenhpost.com/index.php/2012101859287/National-news/road-safety-still-in-the-slow-lane.html

Prices rise during mourning

Flower prices soared considerably due to the official mourning period of Cambodia’s former king, Norodom Sihanouk, according to vendors. Crowds of people set upon flower shops at different markets in Phnom Penh, where tens of thousands of mourners participated in paying their respects to the former ...

http://www.phnompenhpost.com/index.php/2012101859296/Business/prices-rise-during-mourning.html

One Million Line the Streets in Final Farewell to King Father

The late King Father Norodom Sihanouk made his final journey back to Cambodia yesterday to be greeted by an estimated 1 million people who lined the streets in reverential silence to witness the return of the country’s much-loved monarch. Cambodians of all ages stood silently on ...

Huge Crowd at the Royal Palace Proves Logistical Challenge

With an estimated 1 million people- 10 times more than Phnom Penh authorities had expected- lining the streets yesterday for the arrival of Norodom Sihanouk’s remains, legions of police, medics, and street sweepers were working behind the scenes to make sure everything went smoothly. National Police ...

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