The Phnom Penh Post

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

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

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

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

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

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

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

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

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

PPAP share offer fully subscribed

Phnom Penh Autonomous Port (PPAP), the state enterprise that operates Cambodia’s second-largest port, successfully raised $5.2 million in an initial public offering that was more than 1.4 times oversubscribed, its underwriter said yesterday.Subscription for 4.1 million shares, a 20 per cent stake, of the port ...

Cam McGrath and Sorn Sarath
http://www.phnompenhpost.com/business/ppap-share-offer-fully-subscribed

Education minister lays out reforms at assembly

Minister of Education Hang Chuon Naron was questioned in front of a parliamentary panel yesterday, offering lawmakers a nine-point policy for reforming the Kingdom’s educational sector, according to a ministry official. ...

Taing Vida
http://www.phnompenhpost.com/national/education-minister-lays-out-reforms-assembly

KPP to build border homes

The newly legal Khmer Power Party is delaying the construction of its headquarters, instead using the money to build houses near the Vietnamese border, its leader said yesterday. Serey Ratha said houses will only be constructed on Cambodian land, but added that the KPP would ...

Alice Cuddy
http://www.phnompenhpost.com/national/kpp-build-border-homes

Dozens of capital's homeless sent to Prey Speu

Just weeks after reports emerged of more fatalities from Phnom Penh’s Prey Speu social affairs centre and ensuing promises of reform, authorities yesterday rounded up dozens more homeless people and detained them at the notorious facility.Kim Vutha, Daun Penh district’s chief of security, said 61 ...

Chhay Channyda and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/dozens-capitals-homeless-sent-prey-speu

MFI seeks licence to operate as a commercial bank

Sathapana Ltd, the third-largest microfinance institution (MFI) in Cambodia, has submitted a formal application to the central bank to merge with a local Japanese-owned bank and operate the consolidated entity as a commercial bank, a company executive said yesterday. ...

Sor Chandara
http://www.phnompenhpost.com/business/mfi-seeks-licence-operate-commercial-bank

'Room for improvement' in land dispute resolution process

Cambodia continues to lack an effective way to resolve land disputes, which remain a major destroyer of livelihoods for many families, according to a study released by the NGO Forum yesterday.The study examines 26 sample villages in Battambang, Kampong Speu, Pursat and Kampong Chhnang provinces, ...

Pech Sotheary
http://www.phnompenhpost.com/national/room-improvement-land-dispute-resolution-process

Dredging resumes on Tatai in Koh Kong

Sand dredging in several areas of Koh Kong province has resumed following protests against the controversial practice earlier this year, local residents and an advocacy group have said. ...

Phak Seangly
http://www.phnompenhpost.com/national/dredging-resumes-tatai-koh-kong

Directive calls for halt to leasing border land

Prime Minister Hun Sen has issued a directive banning people from renting or selling border land to people from neigbouring countries in an effort to maintain Cambodia’s “national sovereignty and territorial integrity”. ...

Phak Seangly
http://www.phnompenhpost.com/national/directive-calls-halt-leasing-border-land

Authorities promise to demarcate disputed land

Amid rising tensions, authorities in Tbong Khmum province yesterday pledged to intervene in a long-running land conflict between Dambe district residents and a Chinese company by demarcating the disputed area with wooden posts. ...

Sen David
http://www.phnompenhpost.com/national/authorities-promise-demarcate-disputed-land

Villagers to contest authorities’ assessment in Battambang

More than 200 families in Battambang’s Rokhakiri district are preparing to file a petition against local officials who they allege destroyed their homes on Monday in the Prey Tralach community forest. ...

Phak Seangly
http://www.phnompenhpost.com/national/villagers-contest-authorities-assessment-battambang

Activist monk a wanted man

Phnom Penh Municipal Court has issued a warrant for the arrest of a prominent activist and former monk currently living in self-imposed exile who it says has been found guilty of forging public documents and wearing monks’ robes after being defrocked. ...

Taing Vida
http://www.phnompenhpost.com/national/activist-monk-wanted-man

CNRP mulls Rainsy’s next move

Speculation continues over if and when Cambodia National Rescue Party president Sam Rainsy will return to Cambodia, where he now faces a two-year prison term, as grassroots opposition members yesterday expressed “disappointment” at their leader’s continued absence.CNRP officials will meet today in Phnom Penh to ...

Meas Sokchea and Shaun Turton
http://www.phnompenhpost.com/national/cnrp-mulls-rainsys-next-move

Insurance premiums swell on new business growth

The growth of new enterprises across many different sectors in Cambodia is driving the rapid growth of insurance premiums and policy holders, the head of the Kingdom’s insurance industry body said yesterday. ...

Ayanna Runcie
http://www.phnompenhpost.com/business/insurance-premiums-swell-new-business-growth

Rubber firm vows not to harm forests

Rubber and palm oil giant the Socfin Group has committed to a global “zero-deforestation policy” across Africa and Asia amid a legal dispute with ethnic Bunong communities in Mondulkiri province’s Bousraa commune. ...

Daniel Pye
http://www.phnompenhpost.com/national/rubber-firm-vows-not-harm-forests

Cambodia at low risk of debt distress: IMF

Cambodia’s external public debt is well within acceptable limits, but remains vulnerable to financial shocks such as export slowdowns or exchange rate fluctuations, the International Monetary Fund (IMF) said in its latest assessment of the Kingdom’s economy. ...

Cam McGrath and Sor Chandara
http://www.phnompenhpost.com/business/cambodia-low-risk-debt-distress-imf

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