The Phnom Penh Post

Geopacific shines on latest test drill results

Australian mining firm Geopacific Resources Ltd has made a new discovery of high-grade gold and silver mineralisation during exploratory drilling at a remote site in northern Cambodia, the company said in an announcement yesterday.   ...

Cam McGrath
http://www.phnompenhpost.com/business/geopacific-shines-latest-test-drill-results

Army on artillery recruiting drive

At least 700 applicants have signed up to join the Royal Cambodian Armed Forces (RCAF), with the successful recruits to be trained to operate new Chinese-built artillery, a senior military source said yesterday.   ...

Vong Sokheng and Shaun Turton
http://www.phnompenhpost.com/national/army-artillery-recruiting-drive

Korea envoy claims gov’t probe a ‘setup’

Cambodia’s controversial ambassador to South Korea, Suth Dina, has released a public plea to Prime Minister Hun Sen to safeguard his job, amid what appears to be an investigation by the Foreign Affairs Ministry into his office, it emerged yesterday. ...

Mech Dara
http://www.phnompenhpost.com/national/korea-envoy-claims-govt-probe-setup

Cambodian slots help offset EGA’s losses

European Gaming machine supplier and casino operator Entertainment Gaming Asia Inc reported consolidated revenues of $7.3 million in 4Q15, a decrease of 12 per cent compared to the same period a year earlier. ...

Post Staff
http://www.phnompenhpost.com/business/cambodian-slots-help-offset-egas-losses

Kingdom's sugar exports to EU plummet

New figures show that Cambodia’s sugar exports to the European Union fell by 94.8 per cent between 2013 and 2015, amid accusations of rights abuses and land grabbing in the Kingdom’s industry. ...

Will Jackson
http://www.phnompenhpost.com/national/kingdoms-sugar-exports-eu-plummet

Fuel prices to fall as price caps revealed

The government announced a set of price caps on retail petroleum products yesterday based on the application of its new fuel-pricing mechanism. Sor Chandara ...

Sor Chandara
http://www.phnompenhpost.com/business/fuel-prices-fall-price-caps-revealed

Gov’t warns fly-by-night mechanics

The Ministry of Interior on Friday threatened legal action against lawbreaking auto shops that work without a licence or illegally assemble vehicles from scrap parts. ...

Lay Samean and Igor Kossov
http://www.phnompenhpost.com/national/govt-warns-fly-night-mechanics

Mystery blaze destroys timber, vehicles at Pursat forestry office

At least 27 vehicles loaded with confiscated timber were destroyed by fire while parked in the Kravanh Forestry Administration compound in Pursat province on Sunday, leaving no evidence for potential prosecution and rights groups doubting the authorities’ version of events. ...

Khouth Sophak Chakrya and Igor Kossov
http://www.phnompenhpost.com/national/mystery-blaze-destroys-timber-vehicles-pursat-forestry-office

Beaten lawmaker is summonsed

Opposition lawmaker Kong Saphea – one of the two parliamentarians brutally beaten by anti-CNRP protesters outside of the National Assembly last year – has been summonsed to appear for questioning over a complaint regarding property stolen from him during the attack. ...

Mech Dara
http://www.phnompenhpost.com/national/beaten-lawmaker-summonsed

China-kingdom MOU targets illicit bride market

A government anti-trafficking committee is in the final steps of drafting a memorandum of understanding (MoU) to crack down on human trafficking between Cambodia and China, an official said yesterday. ...

Chhay Channyda
http://www.phnompenhpost.com/national/china-kingdom-mou-targets-illicit-bride-market

IDs are not ‘sufficient guarantee’ for loans

Cambodia’s central bank has asked all financial institutions, especially rural lenders, to refrain from accepting personal identity cards, residential records and family books as a guarantee while giving out loans to consumers.   ...

Sor Chandara
http://www.phnompenhpost.com/business/ids-are-not-sufficient-guarantee-loans

Laos vows to limit dam impacts

The head of Laos’ ruling party reportedly pledged to limit the downstream impacts of the controversial Don Sahong hydropower dam in his meeting with Prime Minister Hun Sen in Vientiane on Saturday. ...

Vong Sokheng
http://www.phnompenhpost.com/national/laos-vows-limit-dam-impacts

Preah Vihear disputants allowed to keep land

More than 250 Preah Vihear families who have been living under the threat of eviction since 2010 are to be allowed to keep their homes, according to a letter from the Interior Ministry obtained yesterday. ...

Pech Sotheary
http://www.phnompenhpost.com/national/preah-vihear-disputants-allowed-keep-land

Two await trial for breach of court order in land dispute

Two women were arrested on Friday for allegedly breaching a court order related to an ongoing dispute over 1,000 hectares of land they live on along with 165 other families in Kompong Speu province’s Phnom Sruoch district.   ...

Sek Odom
https://www.cambodiadaily.com/news/two-await-trial-for-breach-of-court-order-in-land-dispute-109794/

Risky new lending service offers quick cash for a price

Sok Rasmey (not his real name) works for an NGO in Phnom Penh with a salary of $350 a month. This is usually enough to cover his modest living costs, but when urgent expenses arise, he often looks to borrow to cover his costs. Ashamed ...

Kun Kourchettana
http://www.phnompenhpost.com/business/risky-new-lending-service-offers-quick-cash-price

Two injured in Kampot freight train crash

A freight train traveling from Phnom Penh to Sihanoukville plowed into a cement company truck crossing the tracks in Kampot province on Wednesday afternoon, leaving the truck driver and his assistant with minor injuries, police said Thursday. ...

Saing Soenthrith
https://www.cambodiadaily.com/news/two-injured-kampot-freight-train-crash-109763/

Chroy Changvar residents protest municipality's 'land grab'

More than 100 villagers from Chroy Changvar yesterday protested a draft sub-decree that would make Phnom Penh Municipality the legal owner of 280 hectares of land that are part of the Overseas Cambodia Investment Corporation’s $3 billion satellite city development. ...

Sen David
http://www.phnompenhpost.com/national/chroy-changvar-residents-protest-municipalitys-land-grab

Sihanoukville beach businesses given brief reprieve

Sihanoukville beachfront businesses that were due to be bulldozed this weekend have been granted a temporary stay of execution. ...

Morn Vanntey
http://www.phnompenhpost.com/national/sihanoukville-beach-businesses-given-brief-reprieve

Judiciary allowances to see major increase

The top judge and prosecutor in Cambodia’s judiciary will see their allowances rise 300 per cent to $2,500, while those in lower courts are also in for significant hikes, according to a decree released yesterday. ...

Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/judiciary-allowances-see-major-increase

Unionists arrested by undercover police out on bail

Two unionists jailed since February 2 have been released on bail by the Kompong Speu Provincial Court, although they remain charged with incitement and intentional violence in connection with a protest outside the Cerie garment factory, officials said Thursday. ...

Khy Sovuthy
https://www.cambodiadaily.com/news/unionists-arrested-by-undercover-police-out-on-bail-109759/

MFI employee jailed for embezzling $300,000

A former employee of a microfinance institution (MFI) was Tuesday jailed on charges of embezzling some $300,000 from the company, a court official said. ...

Kang Sothear
https://www.cambodiadaily.com/news/mfi-employee-jailed-for-embezzling-300000-109664/

Credit hunger still voracious

In its 10th year, Cambodia’s growing microfinance sector has seen stellar credit and deposit growth. But concerns remain over this speed of credit growth in the sector, as well as the rise in unlicensed lenders operating in rural areas. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/credit-hunger-still-voracious

MFI employee jailed for embezzling $300,000

A former employee of a microfinance institution (MFI) was Tuesday jailed on charges of embezzling some $300,000 from the company, a court official said. ...

Kang Sothear
https://www.cambodiadaily.com/news/mfi-employee-jailed-for-embezzling-300000-109664/

Provincial governors set to retire

The government is preparing for the retirement of eight provincial governors, Interior Minister Sar Kheng announced at an event to commemorate International Women’s Day on Tuesday. ...

Meas Sokchea
http://www.phnompenhpost.com/national/provincial-governors-set-retire

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