The Phnom Penh Post

Ex-deputy PM Lay Sreng called in to court for defamation

Former Deputy Prime Minister Lu Lay Sreng, who has been abroad since October, has been summonsed to appear in Phnom Penh Municipal Court for a defamation hearing on January 25. Lay Sreng, 77, was sued for defamation by his former party, Funcinpec, and Prime Minister ...

Niem Chheng
http://www.phnompenhpost.com/national/ex-deputy-pm-lay-sreng-called-court-defamation

RDB loans $30M to boost rice purchases

The government has provided $30 million in loans to rice millers since September to facilitate the purchase of paddy rice, with the head of a state-run bank saying more money was available if necessary. The loans were issued to 38 rice millers by the state-owned ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rdb-loans-30m-boost-rice-purchases

Lightning strikes kill two as return of colder temps predicted

Two people were killed and one injured in three separate lightning strikes in Pursat and Prey Veng provinces on Monday, according to the National Committee for Disaster Management. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/lightning-strikes-kill-two-return-colder-temps-predicted

Analyst Kim Sok's bail request denied at Supreme Court

Outspoken government critic Kim Sok was rejected bail at the Supreme Court this morning, with the prosecutor arguing that to grant Sok early release from an 18-month prison sentence would cause “chaos” in society. ...

Mech Dara
http://www.phnompenhpost.com/national/analyst-kim-soks-bail-request-denied-supreme-court

Monovithya appeals to US officials

Kem Monovithya, the daughter of jailed opposition leader Kem Sokha and a CNRP official, met with United States officials yesterday to discuss the possibility of further sanctions on the Cambodian government if measures taken in an ongoing political crackdown are not reversed. ...

Andrew Nachemson and Ben Sokhean
http://www.phnompenhpost.com/national/monovithya-appeals-us-officials

Bag firm plans to grow local operations

Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

Hor Kimsay
http://www.phnompenhpost.com/business/bag-firm-plans-grow-local-operations

Chinese firm invests in forest

A little-known Chinese company is investing $200 million in a massive timber plantation in Stung Treng that the government has equated to “replanting the forest”, despite concerns among environmental protection groups that existing forest will be destroyed in favour of non-native commercial species. ...

Phak Seangly
http://www.phnompenhpost.com/national/chinese-firm-invests-forest

China and Mekong states sign 5-year plan for cooperation, but details remain undisclosed

The leaders of Cambodia, Vietnam, Myanmar, Thailand and Laos, along with Chinese Premier Li Keqiang, announced the adoption of a five-year plan for cooperation on matters relating to the Mekong River, though experts and observers yesterday questioned who would benefit from China’s increasing involvement in ...

Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/china-and-mekong-states-sign-5-year-plan-cooperation-details-remain-undisclosed

Chinese, local firms sign agricultural deals worth $526M

More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...

Post Staff
http://www.phnompenhpost.com/business/chinese-local-firms-sign-agricultural-deals-worth-526m

ADB signs $180M in loans to Cambodia

The Asian Development Bank (ADB) yesterday signed a $180 million package of loans and grants to Cambodia that are meant to improve the country’s roads, water supply and small-scale farms. One $70 million loan will go towards improving 147-kilometres’ worth of flood-prone stretches of National Road ...

Hor Kimsay and Brendan O’Byrne
http://www.phnompenhpost.com/business/adb-signs-180m-loans-cambodia

No protest after Thai border policy changed

A local Poipet union has called off a protest against what they characterised as overly expensive border passes used by day labourers entering Thailand after provincial officials introduced a new, cheaper permit. ...

Kuoch Masy
http://www.phnompenhpost.com/national/no-protest-after-thai-border-policy-changed

Delinquent loan rate continues to rise

The rate of microfinance loans with overdue payments nearly doubled last year according to the National Bank of Cambodia (NBC), though it remained within a normal range and was coupled with a rise in deposits. ...

Hor Kimsay
http://www.phnompenhpost.com/business/delinquent-loan-rate-continues-rise

Military clearing claims dismissed as outdated

A REDD Programme representative yesterday said it would be concerning if recent claims of the military systematically clearing protected forest in Oddar Meanchey province covered under the scheme proved true – though a third-party company has dismissed the claims as outdated. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/military-clearing-claims-dismissed-outdated

Ethnic Phnong claim their forest land was grabbed by officials

An ethnic Phnong community in Kratie province’s Snuol district has accused local officials and soldiers of grabbing over 1,000 hectares of community forest and threatening the lives of local villagers for years, with the rights group Adhoc yesterday saying they would take the case to ...

Phak Seangly
http://www.phnompenhpost.com/national/ethnic-phnong-claim-their-forest-land-was-grabbed-officials

Government to add new kindergartens

The Ministry of Education plans to incorporate an estimated 3,000 to 4,000 community-based kindergartens – currently run by commune councils with support from NGOs – into the state public school system to ensure their sustainability, according to a new sub-decree. ...

Niem Chheng and Yesenia Amaro
http://www.phnompenhpost.com/national/government-add-new-kindergartens

Cambodia negotiates reopening of informal Vietnam border crossings

Ratankkiri provincial authorities are trying to resolve a border dispute with Vietnam, urging the Vietnamese to reopen four recently blocked border crossings, according to National Police spokesman Kirth Chantharith. The conflict originated when Cambodia rejected Vietnam’s proposal to build four new, formal border checkpoints, only accepting ...

Mech Dara
http://www.phnompenhpost.com/national/cambodia-negotiates-reopening-informal-vietnam-border-crossings

Number of plaintiffs in Empire Big Capital fraud suit up to 900

Some 900 plaintiffs have joined a class action suit against investment company Empire Big Capital, which is estimated to have defrauded tens of thousands of Cambodians out of up to $400 million, with more complainants expected to join the legal case in the coming weeks. ...

Kong Meta
http://www.phnompenhpost.com/national/number-plaintiffs-empire-big-capital-fraud-suit-900

Illegal mine may be filled in

A task force to curb natural resources crimes has cracked down on an illegal mine in Kratie province and is proposing to fill it in after there were four deaths at the site last year. ...

Phak Seangly
http://www.phnompenhpost.com/national/illegal-mine-may-be-filled

Activist makes ‘soft’ bid for pardon by congratulating Hun Sen on anniversary

Jailed ex-opposition figure Meach Sovannara has written a letter congratulating Prime Minister Hun Sen on his recent wedding anniversary in an apparent bid to secure a reduction in his 20-year prison term. ...

Niem Chheng and Erin Handley
http://www.phnompenhpost.com/national/activist-makes-soft-bid-pardon-congratulating-hun-sen-anniversary

Evictions sweep away Sihanoukville beach businesses

The New Year brought a new wave of evictions and development to more than 5 square kilometres on Preah Sihanouk province’s Ochheuteal Beach, though local authorities remain in the dark about what company is behind the development. ...

Cheng Sokhorng and Robin Spiess
http://www.phnompenhpost.com/business/evictions-sweep-away-sihanoukville-beach-businesses

Hun Sen says he, not Untac, brought peace to Cambodia in 90s

Three days ahead of the highly politicised January 7 holiday marking the overthrow of the Khmer Rouge, Prime Minister Hun Sen yesterday slammed the UN Transitional Authority in Cambodia (Untac) for its alleged failure to bring peace to Cambodia in the 1990s, instead claiming his ...

Ben Sokhean and Leonie Kijewski
http://www.phnompenhpost.com/national-politics/hun-sen-says-he-not-untac-brought-peace-cambodia-90s

NBC sees increased confidence in riel after dollar buys in 2017

The central bank injected $915 million worth of riel into the economy last year by buying up US dollars with the local currency, stabilising the exchange rate amid higher demand for riel, according to the bank’s latest report. ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-sees-increased-confidence-riel-after-dollar-buys-2017

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