The Phnom Penh Post

UN Security Council bid falls short

After more than a year of bitter campaigning, Cambodia saw its efforts to win one of five non-permanent seats on the UN Security Council fall flat early this morning after the vote went to South Korea. In an election held at the UN General Assembly in ...

http://www.phnompenhpost.com/index.php/2012101859300/National-news/un-security-council-bid-falls-short.html

Buying property by installment on the increase

The market for Khmer home-buyers purchasing property by installments is booming, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said the concept of buying homes by installments in Cambodia is very attractive to those whom want to buy a house. Almost all housing projects that offer installment purchases see good business, ...

http://www.phnompenhpost.com/index.php/Real-Estate/buying-property-by-instalment-on-the-increase.html

National Road 1 prices on the rise

Land prices along National Road 1 have climbed between 20 and 30 per cent after the road was extended in response to the increasing amounts of vehicles using it. The land that surrounds National Road 1 can be divided into three locations according to the ...

http://www.phnompenhpost.com/index.php/Real-Estate/national-road-1-prices-on-the-rise.html

Phnom Penh Water Festival off

The Cambodian government has decided to cancel this year’s Water Festival in Phnom Penh out of respect for the late King Father Norodom Sihanouk, Prime Minister Hun Sen announced on Tuesday. The Prime Minister said in a circular notice that the celebration on the Tonle Sap ...

http://www.phnompenhpost.com/index.php/2012101859288/National-news/water-festival-cancelled-in-honour-of-the-king.html

Franchise industry expands

Cambodia’s growing economy and hunger for new brands, particularly among young people, contribute to making Cambodia a profitable market for the franchise business, industry insiders said at the Franchising Forum in Phnom Penh last week. [Rami Sharaf, CEO of RMA Group in Cambodia] said Cambodia is ...

http://www.phnompenhpost.com/index.php/2012101859294/Business/franchise-industry-expands.html

Pchum Ben not spared traffic deaths, injuries

Twenty-six people died and another 85 were seriously injured on roads in the final three days of Pchum Ben this year. The toll is only marginally fewer than last year, when 75 separate traffic accidents caused 98 people to be admitted to hospital with serious injuries ...

http://www.phnompenhpost.com/index.php/2012101859287/National-news/road-safety-still-in-the-slow-lane.html

Prices rise during mourning

Flower prices soared considerably due to the official mourning period of Cambodia’s former king, Norodom Sihanouk, according to vendors. Crowds of people set upon flower shops at different markets in Phnom Penh, where tens of thousands of mourners participated in paying their respects to the former ...

http://www.phnompenhpost.com/index.php/2012101859296/Business/prices-rise-during-mourning.html

UN Security Council vote up

Cambodia will know by the early hours of tomorrow whether its bid for a seat on the UN Security Council has been a success. The Kingdom is up against South Korea – the home country of UN Secretary-General Ban Ki-moon – and Bhutan for the Asia-Pacific ...

http://www.phnompenhpost.com/index.php/2012101859285/National-news/un-security-council-vote-up.html

A nation pays respects

They came from down the road and from across the country, trailing flags and portraits in their wake. They paused to pin thin black ribbons and coarse patches of cloth onto blazing white shirts. And, one by one, starting early yesterday morning, Cambodian mourners lined the ...

http://www.phnompenhpost.com/index.php/2012101859295/National-news/a-nation-pays-respects.html

Sihanouk's body returns to Phnom Penh

The plane carrying the body of late King Father Norodom Sihanouk touched down this afternoon. The body made its way to the Royal Palace in a procession attended by more than 100,000 mourners. Even hours before the Boeing 747 carrying the late King Father arrived from Beijing, ...

http://www.phnompenhpost.com/index.php/2012101759282/National-news/sihanouks-body-returns-to-phnom-penh.html

King Father Norodom Sihanouk passed away

King Father Norodom Sihanouk passed away today in Beijing at the age of 89, 59 years after he declared Cambodia’s independence from France. Sihanouk was a greatly charismatic leader revered as something of a God King during the height of his power in the 1950s and ...

http://www.phnompenhpost.com/index.php/2012101559281/National-news/king-father-norodom-sihanouk-passed-away.html

Gunslinger Tycoons

PM Hun Sen’s September 20 cri de couer beseeching powerful officials and their friends and families to not fire or wield their weapons in restaurants and other public places, especially those haunts frequented by foreigners, threatens to spoil the sport most enjoyed by the Kingdom’s well-heeled elite. ...

http://www.phnompenhpost.com/7days/1849-gunslinger-tycoons

Wagering on warm fronts

A busty woman with a scratchy voice shrieks into an intricate set up of radios, microphones and walkie-talkies, her tone not unlike that of a breathless Flemington race-caller. The woman is in continuous contact with up to 100 men peppered over rice fields fringing Battambang, analyzing the ...

http://www.phnompenhpost.com/7days/1848-wagering-on-warm-fronts

Toll Royal Railways expands

Toll Royal Railways signed two freight logistics agreements with Siam Concrete Group and United Logistics and Distribution at their offices in Phnom Penh’s Central Railway Station yesterday. SCG Cambodia contracted TRR for the transport and warehousing for bagged cement from Touk Meas in Kampot province to ...

http://www.phnompenhpost.com/index.php/2012101259265/Business/toll-royal-railways-expands.html

Security puts construction on hiatus

Owners of the upscale 240 Phnom Penh condo development said yesterday that they have stopped construction, for the time being, in order to ensure the security of the nearby US ambassador’s residence. “Construction at ‘240 Phnom Penh’ luxury apartments has been temporarily suspended whilst our ...

http://www.phnompenhpost.com/index.php/2012101259270/National-news/security-puts-construction-on-hiatus.html

Student surveyors home for holidays

After months spent surveying land for an ambitious land-titling project, thousands of student volunteers have been granted a short reprieve to return home over the Pchum Ben holiday, the prime minister announced yesterday. At a graduation ceremony in the capital yesterday, Prime Minister Hun Sen said ...

http://www.phnompenhpost.com/index.php/2012101259272/National-news/student-surveyors-home-for-holidays.html

Health Woes Speed Fraud Appeal

After calls from their lawyers late last month to speed up the appeals process, three former advisers to Senate President Chea Sim convicted of fraud last year will appear before the Appeals Court on November 7, court deputy prosecutor Tan Senarong said yesterday. The three defendants ...

http://www.phnompenhpost.com/index.php/2012101259271/National-news/health-woes-speed-fraud-appeal.html

Awareness training on fake goods for officials

Cambodia lacks the resources for implementing intellectual property rights, while relevant officers lack skills to monitor the import of counterfeit products, according to an official. Var Roth San, Head of the Secretariat of National Committee for Intellectual Property Rights (NCIPR) and Director of  the Department of  ...

http://www.phnompenhpost.com/index.php/2012101259266/Business/officials-trained-on-fake-goods.html

Possible benefits for Cambodia in Mekong Region trade

Cambodia could benefit more from trade in the Greater Mekong Subregion (GMS) by implementing time and cost, cutting measures and removing constraints on exports, according to a new book by the Asian Development Bank. During a media briefing yesterday, Brimble [senior country economist and author of ...

http://www.phnompenhpost.com/index.php/2012101259264/Business/cambodia-to-get-more-benefits-in-mekong-region-trade-adb.html

Climate action plan needed

World Bank President Jim Yong Kim said yesterday that climate change will be a concern in some Asian countries, including Cambodia. He encouraged the countries to find ways to manage any affects on their economies. Economists recognize it will lower growth in some main sectors of the economy – ...

http://www.phnompenhpost.com/index.php/2012101259257/Business/climate-action-plan-needed.html

Tuol Kork on the rise

Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...

http://www.phnompenhpost.com/index.php/Real-Estate/tuol-kork-on-the-rise.html

Growth in hotel industry

The hotel industry in Cambodia is growing but still sees room for improvements, industry experts said at the Cambodia Hotel General Managers Summit in Phnom Penh yesterday. In terms of revenue and the number of players, the hotel and restaurant industry has an overall growth rate ...

http://www.phnompenhpost.com/index.php/2012101159242/Business/growth-in-hotel-industry.html

New country director for ADB in Cambodia

The Asia Development Bank‘s Cambodia Resident Mission has appointed Eric Sidgwick as its new country director. Sidgwick aims to focus his efforts on promoting an inclusive and environmentally sustainable growth, said a press release issued by the Asia Development Bank (ADB) yesterday. Sidgwick started working at the ...

http://www.phnompenhpost.com/index.php/2012101159241/Business/new-country-director-for-adb-in-cambodia.html

Mittapheap Hotel on track

The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. The numbers of ...

http://www.phnompenhpost.com/index.php/Real-Estate/mittapheap-hotel-on-track-in-sihanoukville.html

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