News
Cambodian Stock Exchange sees challenges, opportunities
I visited the Cambodian Stock Exchange (CSX) last September in the heart of Phnom Penh. It had officially “opened” a few months prior but no companies were listed yet. The trading room was filled with new desks and computer monitors, waiting for someone to power ...
http://www.chinapost.com.tw/business/global-markets/2012/05/07/340280/Cambodian-Stock.htm
Cambodia's Internet penetration more than doubles
Cambodia’s Internet penetration more than doubled to 3.1 per cent of the population in 2011, up from 1.3 per cent a year earlier, according to the Internet World Stats website. The country had 449,160 Internet users at the end of last year and 491,480 Facebook users ...
Cambodia 'must admit to logging'
At a meeting with Prime Minister Yingluck Shinawatra, Cambodian Prime Minister Hun Sen had admitted Cambodians were conducting illegal logging and that Thai authorities were right to attempt to defend their territory. On Saturday, 20 natural resource protection officials from Si Sa Ket province which borders ...
http://www.bangkokpost.com/news/local/292142/cambodia-must-admit-to-logging
Bokor Resort Helps Attract More Tourists In Kampot
Bokor Mountain: The Bokor resort located on the top of Bokor mount in Kampot, on May 3rd, was inaugurated as the government believes it capable of propelling the local economy into greater growth. The project includes three asphalt roads of a total 49 krn along with the five-star Thansur (heaven) Bokor Highland Resort, which ...
Cambodia closes probe into activist's shooting
The Cambodian government on Saturday said it had closed its investigation into the fatal shootings of a well-known activist and a military police officer after the arrest of a security guard. Ran Boroth accidentally shot dead In Rattana, a military policeman who had just gunned down ...
H&M finds no evidence of violence at supplier factory
A representative of clothing brand H&M said yesterday that there was no conclusive evidence proving that staff from their supplier factory in Kandal province had committed violence against a union representative on Wednesday. Nhem Samphose, a representative for the Free Trade Union at New Archid Garment ...
Boeung Kak rep infighting gets its day in court
Six Boeung Kak village representatives will appear in Phnom Penh Municipal Court accused of threatening to kill their one-time representative Ly Mom, who was spoke on their behalf from 2007 until last year. Although no charges have been laid, Ly Mom is demanding $10,000 from each ...
Court questions Koh Kong shooting suspect
One week after the shooting deaths of forestry activist Chut Wutty and military police officer In Rattana, a suspect was sent to the Koh Kong Provincial Court for questioning late yesterday evening before being remanded to military police custody, a court official said. “The prosecutor hasn’t ...
ICT growth continues
The expansion of Cambodia’s information and communications technology sector was highlighted at the ICT Expo on Diamond Island yesterday, as the sector’s bellwether companies continue to eye the Kingdom. Sony Corp, which took part in the eighth annual expo for the first time this year, set ...
http://www.phnompenhpost.com/index.php/2012050455965/Business/ict-growth-continues.html
PPWSA slide continues, as price sees correction
Sellers have dominated the Cambodia Securities Exchange for the last seven days of trading, and the downward trend for the single stock, Phnom Penh Water Supply Authority, was expected to continue into next week, experts said. PPWSA closed down 4.6 per cent yesterday at 7,250 riel ...
Families ask PM to help end dispute
About 500 families from three communes in Siem Reap province’s Chi Kraeng district are seeking the prime minister’s intervention in a dispute with a rubber company over 1,000 hectares of land. Siem Reap provincial governor Chan Sophal said on Wednesday that Cambodian People’s Party lawmaker Seang ...
Tourism Industry's Growth Offers Job Creation For Local Labor Force
PHNOM PENH: Cambodia is trying to boost the tourism industry after its contribution to economic growth and offering job creation as ASEAN economic integration 2015 is moving and the free flow of workforce mobilization has been needed to help ensure steady growth. Cambodia’s tourism sector, in 2011, offered 350,000 direct jobs and millions of ...
Protesters pushed back from World Bank Office
In what is becoming an increasingly popular – and coordinated – protest tactic among Phnom Penh’s dispossessed, several women took off their shirts and bras during a demonstration over land rights that briefly turned violent near the World Bank yesterday. About 100 protesters, most of them ...
Khy Sovuthy
Union leader hurt in strike
Thousands of garment workers went on strike yesterday demanding higher wages, fees for transportation and housing, and in one case, the elimination of smelly odours caused by a fish farm near their factory. Workers burned tyres and one union leader was allegedly assaulted with an electric ...
http://www.phnompenhpost.com/index.php/2012050355951/National-news/union-leader-hurt-in-strikes.html
Timbergreen official questioned in Chut Wutty shooting
The “company” that military police have declined to identify but said sent staff to confront activist Chut Wutty shortly before he was shot last Thursday is Timbergreen, a firm the slain activist had attempted to expose for illegal logging. Documents obtained by the Post yesterday and sources have ...
http://www.phnompenhpost.com/index.php/2012050355957/National-news/company-man-arrested.html
Bokor resort slated to bolster Kampot tourism
Kampot officials are looking to the Bokor Mountain Resort, a US$1 billion project that opens today, to drive tourism growth in the burgeoning seaside destination. The provincial Tourism Department said the number of domestic visitors to Kampot had risen 120 per cent to 338,000 in the ...
Talks on for Cambodian tablet
Mobile payment company Wing was in talks on partnering with a US technology firm that plans to assemble Android tablets in Cambodia, in what could be another step away from the country’s staple manufactured good – garments. Although a final partnership agreement had yet to made ...
http://www.phnompenhpost.com/index.php/2012050355945/Business/talks-on-for-cambodian-tablet.html
Trade with Vietnam climbs
Export to Vietnam climbed more than 57 per cent year on year in the first quarter of 2012 as farmers looked for alternative destinations for products that went to Thailand last year. The primarily agricultural exports to Cambodia’s eastern neighbour were worth US$201.5 million, up from ...
http://www.phnompenhpost.com/index.php/2012050355944/Business/trade-with-vietnam-climbs.html
Study to determine cost to finish railway
With funds almost exhausted on the $140 million rehabilitation of Cambodia’s railway network, the government and the Asian Development Bank (ADB) have decided to conduct a study to determine how much more money is needed to complete the project, a government consultant said yesterday. Paul Power, ...
Partners Help Urban Food Security Project In Phnom Penh
PHNOM PENH: Fisheries Administration and FAO launch the Inception Workshop on Micro and Small Enterprise Development to Achieve Food Security, Food Safety and Self Reliance for Urban Poor in Phnom Penh, citing that it will help local community. At the workshop, H.E. Kao Sochivy, deputy director general of fisheries department said: “urban food security project ...
Vietnamese tourists top list in Cambodia
Vietnamese tourists ranked top among foreign visitors to Cambodia in the first three months this year. According to data released by the Cambodian Tourism Ministry, 179,000 Vietnamese tourists visited Cambodia from January to March, accounting for 18 per cent of total foreign arrivals. ...
http://vietnamnews.vnagency.com.vn/Life-Style/224191/vietnamese-tourists-top-list-in-cambodia.html
UN calls for independence in killing probe
The UN Office of the High Commissioner for Human Rights yesterday called on the government to ensure its investigation into the deaths of forestry activist Chut Wutty and military police officer In Rattana remained independent, and raised concern over an apparent increase in attacks on ...
Sihanoukville port construction in final phase
The government will spend a total of $85 million, funded by a Japanese government loan, for the third and final phase of the expansion of Sihanoukville Autonomous Port, which will more than double the port’s import-export capacity by 2012, Prime Minister Hun Sen said yesterday. “It ...
Water minister urges Laos to halt Xayaburi
Cambodia has urged Laos to halt construction of the controversial Xayaburi hydro dam project in the country’s north, a letter obtained by the Post yesterday reveals. “Preliminary construction on Xayaburi dam has continued despite the lack of regional agreement,” Minister of Water Resources and Cambodia National Mekong Committeechairman Lim ...