News

Housing boom prompts calls for more lending, bubble warning

With the real-estate boom entering its fourth year banks and developers are eager to expand credit to the sector, though regulators say they are monitoring lending for real estate for signs of a bubble and are taking preemptive measure to minimize risks that could affect ...

May Kunmakara
http://www.khmertimeskh.com/news/17987/housing-boom-prompts-calls-for-more-lending--bubble-warning/

More than 100 faint at Kandal toy factory

Nearly 120 workers at a Kandal province toy factory fainted yesterday morning, with officials citing a nearby farmer spraying his fields with pesticide as the cause.​ ...

Mom Kunthear
http://www.phnompenhpost.com/national/more-100-faint-kandal-toy-factory

Kamchay dam claims not behind Kampot flood

The Chinese company that operates the hydroelectric power plant on the Kamchay River in Kampot province yesterday denied that a decision to open the dam’s gates during a recent storm was the cause of severe flooding in the area. ...

Chea Vannak
http://www.khmertimeskh.com/news/17998/kamchay-dam-claims-not-behind-kampot-flood/

CNRP official arrested in ‘fight’

A Cambodia National Rescue Party council member from Banteay Meanchey’s Thma Puok district has been arrested on suspicion of attacking a food vendor, officials said yesterday. ...

Pech Sotheary
http://www.phnompenhpost.com/national/cnrp-official-arrested-fight

Australia makes new PR push for Nauru refugees

Australia has begun another round of public relations campaigning in an attempt to persuade refugees on the Pacific island of Nauru to resettle in Cambodia under a controversial agreement signed last year. ...

Daniel Pye
http://www.phnompenhpost.com/national/australia-makes-new-pr-push-nauru-refugees

Prince MFI opens in an expanding market

Prince Microfinance Plc held its official opening yesterday, becoming the 49th registered microlender to operate in Cambodia’s rapidly expanding microfinance market.Hon Sorachana, CEO of Prince Microfinance Plc, said the new financial institution will focus on providing a range of credit options to Cambodians and foreigners, ...

Kun Kourchettana
http://www.phnompenhpost.com/business/prince-mfi-opens-expanding-market

Construction feud embroils local gov in Ratanakkiri

The governor of Ratanakkiri’s Banlung town was sued on Wednesday by a local resident and army veteran for allegedly seizing construction materials and violating private property rights without a court warrant. ...

Phak Seangly
http://www.phnompenhpost.com/national/construction-feud-embroils-local-gov-ratanakkiri

Ministry orders unlicensed Chinese firms to suspend work

Officials say a pair of Chinese companies have started construction on two residential building projects in Phnom Penh’s Chamkar Mon district without proper authorization and have ordered them to cease work immediately. ...

Ouch Sony
https://www.cambodiadaily.com/news/ministry-orders-unlicensed-chinese-firms-to-suspend-work-100992/

World Bank readies another project

The World Bank is considering yet another internally funded project in Cambodia that, if approved, would lift the organization’s four-year-old freeze on new lending to the country. ...

Zsombor Peter
https://www.cambodiadaily.com/news/world-bank-readies-another-project-100986/

NEC pressed on election reforms

The Electoral Reform Alliance (ERA) will Lobby the National Election Committee (NEC) to adopt a regional declaration on free and fair elections that includes commitments to the right of citizens living abroad to vote and for the military to stay independent of the electoral process. ...

Chea Takihiro
http://www.khmertimeskh.com/news/17992/nec-pressed-on-election-reforms/

Official denies Prey Speu transfers

Phnom Penh’s Social Affairs Department yesterday dismissed reports that dozens of homeless people were sent to the city’s notorious Prey Speu detention centre this week, even as the United Nations confirmed the transfer and expressed concern at the continued use of the facility.​ ...

Alice Cuddy and Chhay Channyda
http://www.phnompenhpost.com/national/official-denies-prey-speu-transfers

Cintri in contract negotiations with all Phnom Penh districts

Phnom Penh’s beleaguered trash-collection company, Cintri, is in the process of creating new contracts with each of the city’s 12 districts, an official from the firm said on Thursday. ...

Sek Odom and Anthony Jensen
https://www.cambodiadaily.com/news/cintri-in-contract-negotiations-with-all-phnom-penh-districts-100982/

Securities Exchange Commision discusses derivatives rules

The Securities Exchange Commision of Cambodia (SECC) held a consultation meeting with financial firms and investors yesterday to review a draft prakas on the licensing and supervision of derivatives trading. ...

Sor Chandara
http://www.phnompenhpost.com/business/securities-exchange-commision-discusses-derivatives-rules

Neighbors get sick from pesticides

Three women and four kids fell ill after ingesting pesticides and were transported to a local hospital nearby yesterday in Kampong Chnang city. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/17994/neighbors-get-sick-from-pesticides/

North park condominiums unveiled

The curtain was pulled back Sunday on Royal Group’s latest development – North Park Condominium. The real estate project comprises three nine-story condominium buildings spread over 13 hectares in Sen Sok district. ...

Sum Manet
http://www.khmertimeskh.com/news/17985/north-park-condominiums-unveiled/

Veng Sreng tolls to go into effect on Dec 1

A $10.5 million toll road along Veng Sreng Boulevard will start charging drivers as of December 1, according to a Wednesday announcement by the Phnom Penh Municipality.The toll road, built by private contractor Phnom Penh Tollway, will aim to reduce congestion in one of the ...

Sen David
http://www.phnompenhpost.com/national/veng-sreng-tolls-go-effect-dec-1

Cambodia opposition leader seeks deal to return

Cambodian opposition leader Sam Rainsy, for whom an arrest warrant was issued last week, will not be returning to Phnom Penh until a deal is struck to secure his freedom. ...

David Fisher
http://www.newsfultoncounty.com/politics/news/1917111-cambodia-opposition-leader-seeks-deal-to-return

Cambodia okays LYP Group casinos' online gambling sites

Cambodia has given permission for three L.Y.P. Group casinos to launch online gambling operations.The L.Y.P. Group, which is run by Cambodian People’s Party Senator Ly Yong Phat, operates three casinos on the country’s border with Thailand; the Koh Kong Resort on the country’s southern coast, ...

Steven Stradbrooke
http://calvinayre.com/2015/11/19/casino/cambodia-okays-lyp-group-casino-online-gambling-sites/

Cambodia denies Sam Rainsy arrest warrant was politically motivated

Cambodia’s Foreign Minister Hor Namhong on Thursday dismissed claims that a court decision to issue an arrest warrant for Cambodia National Rescue Party (CNRP) President Sam Rainsy was politically motivated and said his lawyer had acted alone in pursuing a defamation case against the opposition ...

Thai Tha
http://www.rfa.org/english/news/cambodia/warrant-11192015170611.html

CSO coalition letter ready for climate talks

A coalition of civil society organisations (CSOs) has produced a document laying out in detail the projected dire effects of climate change on the Kingdom, in the hopes it will help their voice be heard among the 25,000 delegates attending the upcoming Paris Climate Talks ...

Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/cso-coalition-letter-ready-climate-talks

Smartphone ownership exploded since ’13: study

The number of Cambodians who own at least one smartphone has almost doubled since 2013, helping put the Kingdom on track to having more than half of its population accessing the web in about a year, according to a new study.Almost 95 per cent of ...

Charles Rollet
http://www.phnompenhpost.com/national/smartphone-ownership-exploded-13-study

Millions more new ID cards required

The General Department of Identification issued some 2.8 million identification cards between January and October as part of an effort to bring a new generation of cards to some 10.9 million Cambodians by 2017. ...

Taing Vida
http://www.phnompenhpost.com/national/millions-more-new-id-cards-required

PM puts fake Hun Sen FB accounts on notice

Prime Minister Hun Sen yesterday took to the unruly world of social media in an effort to impose some order, at least where his own name is concerned. ...

Pech Sotheary
http://www.phnompenhpost.com/national/pm-puts-fake-hun-sen-fb-accounts-notice

Group of fifteen illegal loggers arrested in Thailand

A group of 15 Cambodians was arrested in Thailand on Tuesday for illegal logging in the country’s Sa Kaeo province, a Cambodian official said on Wednesday. ...

Saing Soenthrith
https://www.cambodiadaily.com/news/group-of-fifteen-illegal-loggers-arrested-in-thailand-100806/

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