News

    Aviation in the Kingdom soaring with new flights and airport plans

    Cambodian aviation continues its ascent with the Oct. 1 launch of Singaporean low-cost carrier Tiger Airway’s daily direct service to Phnom Penh, ongoing airport expansions and the announcement of several new airport projects. Currently, there are more than 20 international airlines offering service to Cambodia for a ...

    Cambodia has Annual Bunker Sales Potential of 720,000 mt

    Bunker supplier Go4 Bunker Denmark’s new Cambodian bunker venture, Go4 Bunker (Cambodia) Co., Ltd (Go4BC), has said that Cambodia has an annual bunker sales potential of 720,000 metric tonnes (mt). The comments came during the firm’s official opening ceremony at Hotel Cambodiana in Phnom Penh, which ...

    http://shipandbunker.com/news/world/596768-cambodia-has-annual-bunker-sales-potential-of-720000-mt

    H&M meets NGOs and factories to improve working conditions

    H&M Hennes & Mauritz’s head of sustainability Helena Helmersson was in Cambodia last week to meet with ILO/Better Works Cambodia on how to improve working conditions in export garment factories. Helmersson said in a blog post that the lack of dialogue between workers and factory management ...

    http://www.just-style.com/news/hm-meets-ngos-and-factories-to-improve-working-conditions_id115807.aspx

    Gunslinger Tycoons

    PM Hun Sen’s September 20 cri de couer beseeching powerful officials and their friends and families to not fire or wield their weapons in restaurants and other public places, especially those haunts frequented by foreigners, threatens to spoil the sport most enjoyed by the Kingdom’s well-heeled elite. ...

    http://www.phnompenhpost.com/7days/1849-gunslinger-tycoons

    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

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