News

Loans from China Still Welcome, Hun Sen Says

The Chinese government is considering loaning an unspecified amount of money to cover the cost of constructing 20 new national roads, Prime Minister Hun Sen said yesterday. Speaking at the inauguration of 128-km stretch of National Road 62 linking Kampong Thom and Preah Vihear provinces, also primarily funded by ...

Officials Halt Clearance of Community Forest

Forestry administration officials in Battambang province have stepped in to stop the destruction of a community forest area by military and police, officials said yesterday. Over two past months, soldiers, police and military police have destroyed part of the 1,335-hectare Prey Tralach forest in Rokha Kiri district, which ...

Rights Groups File Lawsuit Over Land Meeting Breakup

Two local human rights groups filed lawsuits yesterday at the Ratanakiri Provincial Court accusing commune and village officials of defamation and intimidation after they disrupted land-rights training session last month. On July 26, a group of armed officials stopped Adhoc and the Cambodian Center for Human Rights (CCHR) ...

Gaming Company Posts Record Quarter of $5.2M

Entertainment Gaming Asia Inc. (EGA), which owns a number of casinos in Cambodia, as well as provides gaming machines to other local gambling venues, announced on Tuesday that quarterly revenues from April through June reached a record $5.2 million, up 14 percent compared to the ...

Micro-lender Plans to Become Commercial Bank

Amret, one of the largest micro-finance institutions (MFIs) in the country, has announced that it is making plans to raise the capital required to become a full commercial bank by 2015, an official at the institution said yesterday. Chea Phalarin, CEO of Amret, said the decision to expand ...

Hun Sen Says Land Program Proving a Success

Prime Minister Hun Sen yesterday said that the government had identified nearly 100,000 families who are now considered eligible for land titles, and that plans were in store to locate hundreds of thousands more in the coming month. Speaking at the inauguration of a new 128-km stretch of ...

Fees too high: AirAsia CEO

While AirAsia, one of the world’s largest low-cost airline, is gearing toward an expansion in the region, the company’s chief executive said that serving Cambodia was expensive due to high airport fees. Airport charges are high and restrictive, as are over-flight fees, compared to other countries in ...

http://www.phnompenhpost.com/index.php/2012080957897/Business/cambodias-airports-too-pricey-for-airasia.html

Land officials rounded up in ACU bust

Four officials from the Ministry of Land Management, Urban Planning and Construction accused of land dispute-related corruption were arrested on Monday by the Anti-Corruption Unit. An official who declined to be named told the Post yesterday that Sa Reth Boramy, deputy general director of General Department ...

http://www.phnompenhpost.com/index.php/2012080957908/National-news/land-officials-caught-in-anti-corruption-bust.html

Conference urges Cambodia to boost energy efficiency

Officials at a recent energy conference in Phnom Penh stressed that Cambodia needed to use energy more efficiently to meet regional goals, boost economic development and lower overall harm to the environment. More than 150 energy officials from the public and private sectors came together for ...

http://etmcambodia.com

Malaysia workers reject wage deal

Cambodian garment workers at a factory in Malaysia that supplies major international brands were on strike for a third day in a row yesterday, refusing an agreement on accommodation and demanding higher salaries. Representatives of the workers at the Honsin Apparel Sdn Bhd factory in Jahor ...

http://www.phnompenhpost.com/index.php/2012080957903/National-news/malaysia-workers-reject-wage-deal.html

The Week at the CSX

After sudden increase in price to KHR 6, 600 (US$ 1.62) on July 25, over the next week the price rose for a couple of days before eventually changing direction, falling to 6,400 (US$1.57) on August 1. Trading volumes were larger compared to the week ...

http://etmcambodia.com

China firm proposes $6.5bn deal

Chinese firms have huge ambitions for Cambodia, with a second firm this week proposing three projects worth an estimated US$6.5 billion to the National Assembly yesterday, but no deadlines were set for the implementation of the projects, according to officials. Pan Xiaoping, chairman of Ruijin Investment Holding Ltd, ...

http://www.phnompenhpost.com/index.php/2012080957898/Business/china-firm-proposes-65bn-deal.html

Families plead for help to stop Pursat evictions

More than 70 families in Pursat province’s Anlong Tnort commune plan to send a letter to their provincial hall today compelling officials to stop a private farming company from tearing down their houses on its 3,000 hectare economic land concession. Ratanak Visal Development Co Ltd’s security ...

http://www.phnompenhpost.com/index.php/2012080957904/National-news/families-plead-for-help-to-stop-pursat-evictions.html

Casino building part of 'secret strategy' to protect Cambodia borders

Hun Sen, the prime minister of Cambodia, has said allowing the construction of a spate of casinos on the border was part of a "secret strategy" to protect the country's territory from its neighbours. In a five hour speech addressing border demarcation issues with Vietnam, he ...

http://www.telegraph.co.uk/news/worldnews/asia/cambodia/9464863/Casino-building-part-of-secret-strategy-to-protect-Cambodia-borders.html

Cambodia Inaugurates China-funded Road in N Provinces

Cambodia on Wednesday inaugurated a 128-kilometer China-funded national road No. 62 in an effort to boost social and economic development in northern provinces. The road, from Kampong Thom province's Kampong Svay district to the provincial town of Preah Vihear province, cost about 52 million U.S. dollars ...

http://english.cri.cn/6909/2012/08/08/2821s716012.htm

Investment in Cambodia's Construction Increases By 36% by H1

[The] Construction sector has attracted a total investment of 868 million U.S. dollars in the first six months of 2012, up 36 percent from 37 million U.S. dollars at the same period last year, a report from the ministry of land management, urban planning and ...

Cambodia To be Free from ODA in 2030

Deputy Prime Minister and Minister of Economy and Finance H.E. Keat Chhon announced that Cambodia would be free from the Official Development Assistance (ODA) by 2030. Speaking to the U.S. Ambassador to Cambodia H.E. William E. Todd in a discussion at the ministry yesterday, H.E. Keat ...

Chinese firm plans investment in Cambodia

PHNOM PENH -- China's Hainan Ruijin Investment Holding Group planned to invest in rice plantation, cow farm and tourism development in Cambodia, the group's chairman Pan Xiaoping said Wednesday. Pan said during a meeting with Heng Samrin, president of Cambodia's National Assembly that his company decided ...

http://usa.chinadaily.com.cn/business/2012-08/08/content_15652505.htm

FASMEC partners to introduce SME clusters

The Federation of Associations of Small and Medium-size Enterprise of Cambodia (FASMEC) will cooperate with the Thailand-based Mekong Institute to train master teachers in an effort to implement a small and medium enterprise (SME) cluster and export consortia in the coming years, according to officials. The two-day workshop ...

http://www.phnompenhpost.com/index.php/2012080857866/Business/small-and-medium-size-businesses-to-introduce-clusters.html

Thailand Dam Deal Spurs Court Complaint from Thai Villagers

Villagers belonging to a Thai activist group filed a complaint to Thailand's Administrative Court yesterday for the cancellation of an agreement form the country's Electricity Generating Authority of Thailand to buy power from a controversial mainstream Mekong dam in Laos, an NGO representative said yesterday. "According ...

Phnom Penh Land Prices Slow Growth

Property prices in Phnom Penh increased by about 15 percent at the end of June compared to the same period in 2011 , according to data released yesterday by local realty firm Asia Real Estate Cambodia (ARC). The average price of commercial property in Phnom Penh ...

Senator Tries to Settle Court Case With Cash

CPP Senator Ly Yong Phat visited families embroiled in a long-standing land dispute with a Thai-owned sugar company on Monday in an attempt to convince them to drop their complaints against the firm at the court, villagers and officials said yesterday. The visit comes as pressure ...

Court to Question 4 Bavet Shooting Witnesses

The Svay Rieng Provincial Court will question four new witnesses to the February shooting of garment workers in Bavet City allegedly committed by former city governor Chhouk Bundith, a court official said yesterday. "We are preparing to schedule the questioning of four new witnesses. It ...

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