News

Wagering on warm fronts

A busty woman with a scratchy voice shrieks into an intricate set up of radios, microphones and walkie-talkies, her tone not unlike that of a breathless Flemington race-caller. The woman is in continuous contact with up to 100 men peppered over rice fields fringing Battambang, analyzing the ...

http://www.phnompenhpost.com/7days/1848-wagering-on-warm-fronts

Toll Royal Railways expands

Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...

http://www.phnompenhpost.com/index.php/2012101259265/Business/toll-royal-railways-expands.html

Security puts construction on hiatus

Owners of the upscale 240 Phnom Penh condo development said yesterday that they have stopped construction, for the time being, in order to ensure the security of the nearby US ambassador’s residence. “Construction at ‘240 Phnom Penh’ luxury apartments has been temporarily suspended whilst our ...

http://www.phnompenhpost.com/index.php/2012101259270/National-news/security-puts-construction-on-hiatus.html

Student surveyors home for holidays

After months spent surveying land for an ambitious land-titling project, thousands of student volunteers have been granted a short reprieve to return home over the Pchum Ben holiday, the prime minister announced yesterday. At a graduation ceremony in the capital yesterday, Prime Minister Hun Sen said ...

http://www.phnompenhpost.com/index.php/2012101259272/National-news/student-surveyors-home-for-holidays.html

Health Woes Speed Fraud Appeal

After calls from their lawyers late last month to speed up the appeals process, three former advisers to Senate President Chea Sim convicted of fraud last year will appear before the Appeals Court on November 7, court deputy prosecutor Tan Senarong said yesterday. The three defendants ...

http://www.phnompenhpost.com/index.php/2012101259271/National-news/health-woes-speed-fraud-appeal.html

Awareness training on fake goods for officials

Cambodia lacks the resources for implementing intellectual property rights, while relevant officers lack skills to monitor the import of counterfeit products, according to an official. Var Roth San, Head of the Secretariat of National Committee for Intellectual Property Rights (NCIPR) and Director of  the Department of  ...

http://www.phnompenhpost.com/index.php/2012101259266/Business/officials-trained-on-fake-goods.html

Possible benefits for Cambodia in Mekong Region trade

Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. During a media briefing yesterday, Brimble [senior country economist and author of ...

http://www.phnompenhpost.com/index.php/2012101259264/Business/cambodia-to-get-more-benefits-in-mekong-region-trade-adb.html

Climate action plan needed

World Bank President Jim Yong Kim said yesterday that climate change will be a concern in some Asian countries, including Cambodia. He encouraged the countries to find ways to manage any affects on their economies. Economists recognize it will lower growth in some main sectors of the economy – ...

http://www.phnompenhpost.com/index.php/2012101259257/Business/climate-action-plan-needed.html

Conference looks at status of the Kingdom's small but growing insurance sector

While Cambodia’s insurance sector has made significant progress over the past few years, it is still relatively small compared to other countries in the region and faces several hurdles. That was the judgment of Bou Chanphirou, deputy director of the financial industry department in the ...

http://etmcambodia.com

Cambodia, Vietnam agree to details of cross-border fisheries project

Cambodian and Vietnamese officials agreed Thursday to details of a proposed cross-border project to improve fisheries management between Prey Veng Province and Dong Thap Province in Vietnam. The agreement came during a two-day meeting chaired by So Sophort, deputy secretary general of the Cambodian National Mekong ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MjhiODNhMTdlMjY0YzdjYzVmMjQxMTJmODgxMTFj

Trade barriers hinder growth of Cambodia's export industry

Cambodia could reap even greater benefits from trade facilitation measures in the Greater Mekong Subregion (GMS) by removing high logistics costs, delays and other barriers that hamper the country’s connectivity and competitiveness, according to a new Asian Development Bank (ADB) book released here on Thursday. “Cambodia’s ...

http://www.globaltimes.cn/content/737669.shtml

Tuol Kork on the rise

Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...

http://www.phnompenhpost.com/index.php/Real-Estate/tuol-kork-on-the-rise.html

Floods Close Roads, Force Families From Their Homes

About 70 families living in Pursat province’s Kandieng district have now been evacuated to higher ground after Pursat River burst its banks on Monday night because of heavy rain from Tropical Depression Gaemi, officials said. Mr Sokha [provincial governor] added that about 400 police officers ...

Growth in hotel industry

The hotel industry in Cambodia is growing but still sees room for improvements, industry experts said at the Cambodia Hotel General Managers Summit in Phnom Penh yesterday. In terms of revenue and the number of players, the hotel and restaurant industry has an overall growth rate ...

http://www.phnompenhpost.com/index.php/2012101159242/Business/growth-in-hotel-industry.html

New country director for ADB in Cambodia

The Asia Development Bank‘s Cambodia Resident Mission has appointed Eric Sidgwick as its new country director. Sidgwick aims to focus his efforts on promoting an inclusive and environmentally sustainable growth, said a press release issued by the Asia Development Bank (ADB) yesterday. Sidgwick started working at the ...

http://www.phnompenhpost.com/index.php/2012101159241/Business/new-country-director-for-adb-in-cambodia.html

Trucking Companies Plagued by High Costs, Informal Payments

Despite growing exports, freight companies say profits are being hit because most firms still use old, inefficient trucks and are often forced to pay custom officials informal fees at border checkpoints and ports. Transportation costs in Cambodia are already some of the highest in the region, ...

http://www.cambodiadaily.com/business/trucking-companies-plagued-by-high-costs-informal-payments-3716/

Officials Halt Construction on 240 Apartment Project

Police and Phnom Penh municipality officials yesterday halted construction on a seven-story high-end apartment complex on Street 240 in Daun Penh district. Phnom Penh Municipal Governor Kep Chuktema was accompanied by police officials who entered the 240 apartment complex, which has been under construction for several ...

Mittapheap Hotel on track

The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. The numbers of ...

http://www.phnompenhpost.com/index.php/Real-Estate/mittapheap-hotel-on-track-in-sihanoukville.html

Gold struck in Mondulkiri

An Australian company working towards mining gold from the Okvau deposit in Mondulkiri province, currently estimated at 729,000 ounces, expects to employ more than 1,000 local people during the mine’s construction phase and 500 in the   longer term. Renaissance Minerals managing director Justin Tremain told the ...

http://www.phnompenhpost.com/index.php/2012101159244/Business/gold-struck-in-mondulkiri.html

Hun Sen Alludes to Mam Sonando in Warning Message

Journalists, NGO workers and politicians are not immune to the long arm of the law if they flout it, Prime Minister Hun Sen said yesterday as he distributed land titles in Kampot province. Mr. Hun Sen’s comments come 10 days after independent radio station owner Mam ...

Airport Fees Must Be Uniform And Transparent, UN Body Says

Aeronautical fees imposed at airports in countries which are members of the U.N.’s International Civil Aviation Organization (ICAO)- including Cambodia- must be uniformly and transparently applied to all airlines, a spokesperson for the ICAO said yesterday. Last week, airline officials  said that a $1,000-per-landing royalty fee ...

Military Figure Re-Emerges as Witness in Slain Journalist's Case

The court investigating the murder of a journalist has questioned a notorious former Royal Cambodian Armed Forces (RCAF) colonel, who was last heard of serving a 10-year prison sentence for attempted murder, a court official said yesterday. The Ratanakkiri Provincial Court has this week questioned a ...

http://www.cambodiadaily.com/news/military-figure-re-emerges-as-witness-in-slain-journalists-case-3710/

Businesses Look for Opportunities in Tourism Industry

More than 150 businesses and associations from around the world gathered on Phnom Penh’s Koh Pich yesterday for the launch of the country’s annual food and hospitality exhibition. Two events, the International Food, Drinks and Wine Show and the Cambodian International Hotel, Restaurant and Catering Industry ...

http://www.cambodiadaily.com/business/businesses-look-for-opportunities-in-tourism-industry-3714/

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