News

Beer girl exploitation revealed

The exploitation of women who work as beer promoters is soon to be exposed in a report that is going to be released by Care Cambodia and the Solidarity Association of Beer Promoters in Cambodia. The report will include first had accounts and interviews of ...

http://www.phnompenhpost.com/index.php/2011072250581/National-news/beer-girl-exploitation-revealed.html

Koh Kong king halted

Ly Yong Phat and his company LYP Group have been ordered to cease all dredging operations on the Tatai river pending a review of the effects by the Ministry of Water Resources and Meteorology. LYP Group currently has a permit to dredge seven areas of ...

http://www.phnompenhpost.com/index.php/2011072250582/National-news/koh-kong-king-halted.html

Mortgage lending improving as real estate sector slowly returns to strength

Mortgages are increasingly being used by home buyers in Cambodia according to experts. Commercial banks had slowed direct loans to property development in the wake of the 2008 global financial crisis, though mortgage lending has increasingly filled the space, said National Valuers Association of Cambodia ...

http://www.phnompenhpost.com/index.php/2011072150544/Special-Supplement/mortgage-lending-improving-as-real-estate-sector-slowly-returns-to-strength.html

Price tag set for railway link to Vietnam border

The rail link to Vietnam from Cambodia has been estimated at $686 million dollars. The link would finally connect Singapore to Kunming, China. The $686 million does not include compensation for those who link along the proposed railway locations and no funding has been confirmed ...

http://www.phnompenhpost.com/index.php/2011072150549/Business/price-tag-set-for-railway-link-to-vietnam-border.html

Dam worker beats odds to survive

Through a concerted effort on part of the surgical staff at Calmette hospital, Touch Daro, a worker at the Kamchay hydropower dam will survive his injuries. An industrial drill bit went through his back and out his bottom whilst he was working on the dam. ...

http://www.phnompenhpost.com/index.php/2011072150537/National-news/dam-worker-beats-odds-to-survive.html

Battambang districts facing drought

Four districts and over a thousand families are facing a drought in Battambang province. More rain is needed as approximately 70 percent of the province’s 250,000 hectares of rice paddies have been planted. Ministry of Agriculture, Forestry and Fisheries chief of the rice department Ngin ...

http://www.phnompenhpost.com/index.php/2011072150555/National-news/battambang-districts-facing-drought.html

Oil dispute optimism

A solution to the Overlapping Claims Area (OCA) in the Gulf of Thailand may be at hand due to the election of Puea Thai. Petroleum companies are said to to be ready to explore the region, an area of more than 27,000 square kilometers. A ...

http://www.phnompenhpost.com/index.php/2011072150552/Business/oil-dispute-optimism.html

Dragon Capital plans equity fund in Vietnam, region

20 per cent of a planned equity fund by Dragon Capital will be invested in Cambodia and Laos according to Bill Stoops, chief investment officer. The fund is called Dragon Capital Third Wave Fund and is based in Ho Chi Minh City, Vietnam. The fund ...

Cambodia’s airports see growth in 2011

There has been a 13 percent increase to Cambodia’s two international airports since the beginning of the year. The USA, China, South Korea and Vietnam along with Japan were the key factors in this growth. The government’s attempts to attract visitors and investors is cited ...

http://www.phnompenhpost.com/index.php/2011072150548/Business/cambodias-airports-see-growth-in-2011.html

Prices for Land at 2009 Levels, Report Shows

ASEAN Valuers Association have reported that property prices in Cambodia have not changed since 2009. Property prices in Phnom Penh are 2 percent lower than they were in 2009. CEO of Bonna Realty Group Sung Bonna has said that investors should take advantage of low ...

Illegal Mobile Phone Services Targeted by Telecom Ministry

Illegal Thai mobile phone services have been ordered by the Ministry of Post and Telecommunications to cease their services inside of Cambodia. The services are being relayed as far as 100km within the border of Cambodia through a series of illegally constructed cell towers. qb ...

Cambodia on Long Road to Freedom From Corruption, Bank Says

The Asian Development Bank (ADB) has called corruption a “fundamental concern” for Cambodia even with the Anti-Corruption Unit (ACU) celebrating 10 months since its inauguration. The ADB’s Country Governance Risk Assessment Report and Risk Management Plan which is to be released soon calls for capacity ...

Crops in Peril Amid Provinces’ Ongoing Drought

Rice growing provinces such as Battambang, Kandal and Takeo are suffering a drought as monsoon rains have not affected the areas. Harvests are expected to fail or fall short of expectations if rain does not fall on the farmland within the next few weeks. 2,000 ...

Ministry Takes First Step Toward Smoking Ban

The Ministry of Tourism has asked bars, restaurants and hotels to ban smoking within their establishments in order to promote a better environment, health and reduce poverty. Tourists will feel safer according to deputy director Sam Chanren if there is a smoking ban. The directive ...

P Vihear Concessions Raise Fears of Disputes

Earlier this month Prime Minister Hun Sen approved five more economic land concessions totally 44,780 hectares in the Preah Vihear province. Largely distributed to agri-business companies there is fear that the concessions will lead to deforestation. Heng Roy International, Heng You International, Lan Feng International, ...

Cambodian Air Arrivals Eclipse 2007 Numbers

The number of people arriving in Cambodia through the nation’s airports has passed the 2007 number for the same period, providing proof of recovery from the financial crisis. The levels reached 1.8 million passengers for Siem Reap and Phnom Penh international airports. Traffic through Cambodian ...

OZ Minerals Future in Cambodia Still Unclear

OZ Minerals, the Australian mining company is reviewing its assets in Cambodia and is so far not planning any further work in the country. Their assessment of gold reserves in the country will be updated by the end of the year at which time the ...

Bank’s Plan Greeted With Skepticism

A 10 year strategic plan designed to ensure financial stability in Cambodia has been released by the central bank to much skepticism. The $700,000 study sponsored by the Asian Development Bank (ADB) is said to be short on details even though it calls for the ...

Complaints Submitted in K Chhnang Land Dispute

A development company owned by the wife of the Minister of Industry, Mine and Energy Suy Sem has been the target of 40 civil complaints received by the provincial court of Kompong Chhnang province. Chea Kheng claims she owns the 214-hectare plot of which 69 ...

US Cables Say Sesan River Had No Warning System for Floods

WikiLeaks has recently released US diplomatic cables that show that the there was no warning system along the Sesan river in Ratanakkiri province for floods in 2007. There have been many complaints by the communities along the river of the floods caused by dams along ...

Dispatches Reveal Cambodia Helped North Korean Refugees

US diplomatic cables released by WikiLeaks show that Cambodia assisted refugees escaping from North Korea. A North Korean was supposed to be deported to Vietnam and was claimed to have done such but it has now been proven otherwise. There have been other cases of ...

B Meanchey Land Dispute Families File Objection

Businessmen Tuy Vanny and Seth Rin are embroiled in a land dispute with 50 families have had an objection filed against their allowing others to farm the land. The right to farm the land was only granted on July 7 to Mr. Vanny and Mr. ...

Valuers to meet in Siem Reap

Real-estate evaluators from the ASEAN Valuers Association (AVA) have met in Siem Reap in order to improve the industry. The AVA wants to develop the Cambodian real-estate market by assisting developers and investors. Those attending the conference share experience and ideals will offering training to ...

http://www.phnompenhpost.com/index.php/2011072050510/Business/land-pricing-valuers-to-meet-in-siem-reap.html

Cambodia targets de-dollarisation, crisis prevention

Cambodia’s financial strategy for the next decade includes de-dollarisation, improved regulations and better crisis prevention and management. The Financial Sector Development Strategy (FSDS) was released by the Ministry of Economy and Finance in partnership with the National Bank of Cambodia (NBC) and financed by the ...

http://www.phnompenhpost.com/index.php/2011072050512/Business/cambodia-targets-de-dollarisation-crisis-prevention.html

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