News

Bank and AusAid criticized for treatment of railway evictees

Bridges Across Borders Cambodia yesterday accused the Asian Development Bank (ADB) and the Australian Agency for International Development (AusAid) of white-washing conditions at relocation sites for families being evicted by a $142 million railway rehabilitation project being funded largely with their money ...

Boeng Kak evictees protest, demand compensation

About 150 former Boeng Kak lake residents staged a protest at Phnom Penh’s Freedom Park yesterday, demanding more compensation than they initially received when they were evicted from their homes to make way for a real estate project owned by the firm of a CPP ...

Officials deny complaint over forest protesters

Kompong Thom provincial officials denied a media report yesterday that authorities had filed a legal complaint against two villagers and two human rights workers who campaigned in the province last week to demand protection for Prey Long forest ...

Malaysia looks to improve maids' conditions

Malaysia wants to reach bilateral agreements with Cambodia and other labor-sending countries that would allow foreign maids to keep their passports, limit their work-day to eight hours and give them one day off per week, Malaysian news media reported yesterday. Malaysian Human Resources Minister Datuk Subramaniam ...

Kingdom plans flood relief spend

Cambodia plans to spend nearly US$200 million to rebuild after the worst floods in a decade hit the country in September and October. The floods require an immediate response, Minister of Economy and Finance Keat Chhon said yesterday at a meeting of the Council for the ...

http://www.phnompenhpost.com/index.php/2011111652772/Business/kingdom-plans-flood-relief-spend.html

Official says faintings a ‘scar’ on image of nation’s factories

A 10 per cent rise in the number of garment and footwear factories this year showed the government’s commitment to solving labour disputes, and that its mechanisms to do this were working, a senior official at the labour ministry said yesterday, while admitting that a ...

http://www.phnompenhpost.com/index.php/2011111652785/National-news/official-says-faintings-a-scar-on-image-of-nations-factories.html

Prey Lang protest puts foursome in firing line

A pair of Sandan district villagers who participated in last week’s Prey Lang forest protest against illegal logging, and two of the NGO workers who monitored them, were facing accusations of incitement and destruction of property in complaints filed against them in the provincial court, ...

http://www.phnompenhpost.com/index.php/2011111652786/National-news/prey-lang-protest-puts-foursome-in-firing-line.html

Property tax deadline moved to year's end

Due to a lack of available tax collectors, the Ministry of Economics and Finance once again delayed collections on the 0.1 percent property tax on all immovable property worth approximately $25,000 or more, according to a ministry notice issued yesterday ...

Suspended funds stymie e-commerce law

The drafting of a law on e-commerce that would regulate electronic transfers in Cambodia has been postponed because the World Bank has suspended funds over the government’s handling of land evictions in Phnom Penh. In September, Commerce Minister Cham Prasidh said that the government should aim ...

Two arrested in Kompong Thom for illegal transport of rosewood

Two men were arrested Monday in Kompong Thom province for illegally transporting nearly half a cubic meter of valuable rosewood, said a forestry official ...

Regional bank meets with evicted railway families

The Asian Development Bank (ADB) met yesterday with the representatives of families evicted or facing eviction to make way for an ADB-funded railway project, and defended itself against complaints that the project was pushing some of them deeper into poverty. The ADB has billed the $142 ...

Cambodia-South Korea trade jumps 45%

Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...

http://www.phnompenhpost.com/index.php/2011111552748/Business/cambodia-south-korea-trade-jumps-45.html

Kingdom okays ICBC

The National Bank of Cambodia yesterday granted Industrial and Commercial Bank of China a financial business licence, according to a report on aastocks, a Chinese stocks news service ...

http://www.phnompenhpost.com/index.php/2011111552747/Business/kingdom-okays-icbc.html

Ministry questions oil assessment

Cambodia’s Ministry of Environment told a Japanese oil company yesterday to better define the location of its initial onshore operations given the potential impact on the local population and environment. The Ministry of Environment has required Japan Oil, Gas and Metals National Corporation to specify where ...

http://www.phnompenhpost.com/index.php/2011111552750/Business/ministry-questions-oil-assessment.html

Railway families to petition Asian Development Bank for help

Families evicted or still facing eviction to make way for an Asian Development Bank (ADB)-funded project to rehabilitate the country’s railway system plan to petition the ADB today for help securing better compensation from the government. The ADB is putting up more than half the money ...

Laos dam project could violate international law, group says

A representative of environmental group International Rivers said yesterday that if the Laos government were to move forward with a controversial dam project, it would violate the 1995 Mekong Agreement. “Moving forward with the dam would be against international law,” said Ame Trandem, Sountheast Asia program ...

Shooting of Cambodian loggers along Thai border continues

Adding to a spate of similar incidents since October, Thai soldiers fired on a group of Cambodians who had illegally entered Thailand from Oddar Meanchey province on Saturday looking to log valuable rosewood trees and shot one in the hand, a provincial official said yesterday ...

Details are murky in Cambodian maid's death in Malaysia

As reports of the death of yet another Cambodian maid in Malaysia surfaced, opposition lawmaker Mu Sochua said yesterday that a bilateral agreement between Cambodian and Malaysia was necessary if the two countries were serious about protecting the rights of Cambodian domestic workers living in ...

South Korea lends $52.2M for road renovation

South Korea has loaned Cambodia $52.54 million to renovate the 63.5km-long National Road 21, which connects the provinces of Kandal and Svay Rieng, according to a statement yesterday by the Ministry of Finance ...

Issues with Kingdom's rice exports

Cambodian rice trader TTY Corporation has said the Kingdom cannot meet a new 200,000-tonne export quota for shipping high-quality rice to China. State-owned Sinograin’s order for three varieties of milled fragrant rice was a deviation from an agreement struck with TTY in August, TTY deputy director-general ...

http://www.phnompenhpost.com/index.php/2011111552751/Business/issues-with-kingdoms-rice-exports.html

Despite downgrades, bankers report uptick

Despite the recent downgrading of two of Cambodia’s major banks by ratings agencies Moody’s and Standard & Poor’s, bankers said yesterday that profits are up, loan portfolios are growing at a fast tick and non-performing loans are shrinking. In Channy, president and CEO of Acleda Bank, ...

Firm denies dam report bias

A consulting firm commissioned by the Lao government to prepare a report on the controversial US$3.8 billion Xayaburi dam project has rejected claims by environmentalists that their assessment was “biased” due partly to existing ties with a project backer. On Wednesday, conservation group International Rivers claimed ...

http://www.phnompenhpost.com

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