News

Shanghai firm leads the way

Shanghai Construction Group has announced it will complete US$700 million in projects in Cambodia over the next five years, highlighting China’s dominant and still-growing presence in the Kingdom. The company presently oversees nine bridge and road construction projects in the Kingdom, according to government relations officer ...

http://www.phnompenhpost.com/index.php/2011092051749/Business/shanghai-firm-lead-the-way.html

Project to conserve Bakheng Temple gets $450,000 grant

A nearly half-million-dollar grant will allow a conservation project at Phnom Bakheng Temple – one of the oldest temples in the Angkor Archaeological Park – to be completed, according to the World Monuments Fund. The $450,000 grant was donated by the US Ambassadors Fund for Cultural ...

New draft sub-decree aims to bolster dolphin protection

A draft sub-decree sent to the Council of Ministers last week aims to strengthen the protection of the critically endangered Mekong dolphin population by designating key protection zones in the 180km stretch of Mekong River where the dolphins live. Touch Seang Tana, chairman of the Commission ...

July's inflation driven by high food prices

Fueled by a rise in food prices, inflation reached 7.1 percent in July compared to the same month last year, according to data released by the National Institute of Statistics According to the data, the price of meat increased by 16.4 percent in July compared to ...

Phnom Penh Port to list on bourse by 2013

Phnom Penh Autonomous Port plans to join three other state-owned enterprises in listing on the recently launched Cambodian Securities Exchange, an official said yesterday Hei Bavy, the port’s director general, said that Finance Minister Keat Chhon has spoken to officials at the port, expressing his interest ...

TNT expands Asia Road Network

TNT Express linked its Chinese day-definite domestic road services into its Asia Road Network. This has created the only scheduled day-definite road network covering China, Vietnam, Cambodia, Laos, Thailand, Malaysia and Singapore, said the operator. CEO Marie-Christine Lombard said: “With the integration of TNT’s two ...

http://www.ifw-net.com/freightpubs/ifw/index/tnt-expands-asia-road-network/20017904622.htm

Trade with Singapore soars

The Kingdom’s total trade with Singapore soared 148 percent in the first half of the year, while exports to Hong Kong increased 80 percent in the same period, according to Ministry of Commerce figures. The data showed that Cambodia’s exports to Hong Kong totalled in excess ...

http://www.phnompenhpost.com

Poipet border officials say crossings increasing

Inbound foreign tourists at the Poipet International Checkpoint with Thailand increased more than 26 percent year-on-year, according to checkpoint statistics. More than 273,969 foreign tourists and traders entered Cambodia during the first eight months of the year, up from 216,546 during the same time period ...

http://www.phnompenhpost.com

Bonus agreement in garment worker strike

Zhen Yong Garment Factory Co Ltd has agreed to some of the demands of about 400 workers who went on strike last week, including paying annual bonuses early next month Prum Veasna, deputy of the labor dispute department at the labor ministry, said yesterday that the ...

http://www.phnompenhpost.com

Road block jams link to Kratie

About 500 villagers from six districts in Kratie’s Snoul district protested on National Road 7 yesterday, in a bid to find a solution to their land dispute with two Vietnamese rubber companies. Cars, trucks and buses were gridlocked from 8:00am to 12:00pm along National Road 7 ...

http://www.phnompenhpost.com

Families file complaint over missing dam workers

Three families have lodged complaints against China National Heavy Machinery Co after a storm at the company’s hydropower dam project in Koh Kong province on September 10 swept away a group of workers, leaving two dead and five missing, rights group Adhoc said yesterday. Neang Boratino, ...

Thaksin gives government some friendly economic advice

Hours after arriving for his latest visit to the country, former Thai Prime Minister Thaksin Shinawatra on Saturday urged Cambodia to increase state spending in infrastructure and education and to modernize the country’s financial system, according to media reports. Local reporters were quickly ushered out of ...

After razing of Boeng Kak homes, outrage lingers

Opposition party members and a human rights group yesterday condemned the demolition of eight homes and businesses at Phnom Penh’s Boeng Kak lake on Friday, calling the act a violation of the law. Two excavators belonging to Shukaku Inc tore down homes as riot police pushed ...

Looming oil funds put Cambodia at crossroads

On Sunday, CPP lawmaker Cheam Yeap will attend a forum on the evolving oil and gas sector with about 400 university students. If all goes according to plan, Chevron Corporation will begin to extract oil from Cambodian waters in little over a year. Though the amount ...

Boeng Kak residents beaten back as homes razed

Excavators flattened eight houses and shops at the north end of Phnom Penh’s Boeng Kak lake on Friday as baton-wielding riot police pushed back distraught residents and badly beat one protestor who was among hundreds of locals who rallied against the latest round of demolitions. The ...

Cambodian farmers could benefit from new Thai rice prices

The Thai government’s plan to implement a minimum price for Thailand’s rice growers next month is expected to push up paddy prices for Cambodian farmers during the upcoming harvest, agriculture experts said yesterday Agriculture experts said rice paddy prices in Cambodia would likely increase due to ...

Real estate developers warned

Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...

http://www.phnompenhpost.com/index.php/2011091651705/Business/real-estate-developers-warned.html

Villagers plan to walk to capital

Tractors carried members of 50 families from Lor Peang village in Kampong Chhnang province’s Kampong Tralach district to the provincial courthouse early yesterday morning, where their hopes faded as they waited for court officials to accept their latest complaint against a company they accuse of ...

http://www.phnompenhpost.com/index.php/2011091651688/National-news/villagers-plan-walk-to-capital.html

Threat claim for Shukaku

A villager living at Boeung Kak lake claimed yesterday that staff from Shukaku Inc, owned by ruling party senator Lao Meng Khin, threatened to demolish her home if she rejected an alleged US$80,000 offer to purchase the property Lao Vann, deputy director-general of Shukaku Inc, yesterday ...

http://www.phnompenhpost.com/index.php/2011091651687/National-news/boeung-kak-lake-threat-claim-for-shukaku.html

Garment workers 'can't go on like this'

Nearly 400 workers at the Zhen Yun factory in the capital’s Russei Keo district went on strike yesterday after not receiving annual bonuses or appropriate overtime pay. The workers also said they were poorly treated by management While the factory workers were striking, a Free Trade ...

http://www.phnompenhpost.com/index.php/2011091651689/National-news/garment-workers-cant-go-on-like-this.html

Tourism not affected by Preah Vihear fighting

Preah Vihear temple may have been the scene of the country’s heaviest military engagement in recent years, but visitors have not been scared off by the confrontation, according to local tourism officials. Kong Vibol, Preah Vihear provincial director of the department of tourism, claimed that his ...

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