The Phnom Penh Post
Award for Boeung Kak lake activist
Boeung Kak lake land evictions protester Tep Vanny has been honoured for years of activism by receiving an award from an international organisation that recognises the role of women in promoting human rights. Vanny, 32, who has been imprisoned, assaulted and threatened for fighting evictions at ...
Last link in Wutty case freed
The only man convicted in relation to a murder case that made global headlines, the killing of environmentalist Chut Wutty and military police officer, In Rattana, walked free on Friday, less than two weeks after his sentencing, rights group Licadho said. Ran Boroth, who was ...
Trade with Thailand increases
Trade between Cambodia and Thailand increased by about 40 per cent to US$3 billion in the first nine months of this year in comparison with the same period last year, according to figures provided by the Royal Embassy of Thailand in Cambodia. According to Nat Vimonchandra, ...
http://www.phnompenhpost.com/index.php/2012110559559/Business/trade-with-thailand-increases.html
Construction investment rises sharply
Investment in construction in the Kingdom during the first nine months of this year rose 83.6 per cent, according to data from Ministry of Land Management Urban Planning and Construction last week. The data showed that during the first nine months of this year the ministry ...
http://www.phnompenhpost.com/index.php/Real-Estate/construction-investment-rises-sharply.html
Rise in foreign tourist arrivals
The number of foreign tourists arriving in Cambodia increased 23 per cent in the third quarter of the year compared to the same period last year, according to new statistics from the Ministry of Tourism. The data show the number of tourists who arrived in the ...
http://www.phnompenhpost.com/index.php/2012110259529/Business/rise-in-foreign-tourist-arrivals.html
Maruhan Japan Bank buys stake in MFI
Maruhan Japan Bank yesterday became the first commercial bank in Cambodia to make a direct equity investment into a microfinance institution by becoming Sathapana’s majority shareholder, with a 95.1 per cent stake. Financial details were not disclosed. ...
Protected forest reclassified as private land
The entirety of three protected forests are now classified as private land, an investigation from rights group Adhoc has found, along with tens of thousands of additional hectares of what has once been state public land In three cases, Adhoc’s findings show that entire protected forests ...
Five workers injured as lift plummets from third floor
Five workers riding a lift meant to carry animal carcasses up to the fifth floor of a meat roasting facility were left with serious injuries when their metal cage plummeted from the third floor. The five victims, aged from 25 to 38, suffered broken legs ...
ADB Institute: too much focus on 2015
Masahiro Kawai, dean of the Asia Development Bank Institute, believes too great a focus is being placed on the realization of the 2015 ASEAN Economic Community at the cost of considering middle- and longer-term issues in the ASEAN region. “Economic community-building is not going to be completed in ...
National Road 3 prices flat
The sale and purchase of land along National Road 3 is increasing in volume but land prices are not increasing significantly despite the road being completed, and despite the many industrial zones along it. Based on his company’s research in the second quarter of this year, ...
http://www.phnompenhpost.com/index.php/Real-Estate/national-road-3-prices-flat.html
New unit stops 23 on Thai border
Units of a newly deployed, 100-strong military police force stationed around Banteay Meanchey province’s Poipet town after Pchum Ben snared 23 workers seeking to illegally cross the border into Thailand for work on Tuesday. Twenty mobile, five-man units were patrolling in rotating day and night shifts ...
Scrutiny over Finnish firm’s ties to Xayaburi
The Finnish government will investigate multinational consulting and engineering firm Pöyry over its involvement in Laos’s Xayaburi dam project, a letter obtained by the Post yesterday reveals. According to the letter from Finland’s Ministry of Employment and the Economy, dated October 16, a complaint filed by ...
PM says economy to grow by 7 per cent
Prime Minister Hun Sen said on Monday that the Kingdom’s economic growth is forecast to grow at 7 per cent this year, according to news agency reports. “We still maintain our forecast of 7 per cent growth and the latest forecast showed that the inflation rate ...
Flood money runneth over
Flooding this year cost the government significantly less than expected due to better preparation and lower water levels than in previous years, first vice president of the National Committee for Disaster Management Nhim Vanda announced yesterday. The NCDM could not yet report the precise amount spent on flood ...
http://www.phnompenhpost.com/index.php/2012103159481/National-news/flood-money-runneth-over.html
Hun Sen: remove ASEAN trade barriers
Prime Minister Hun Sen has called for the removal of all tariff and non-tariff barriers when the ASEAN Economic Community (AEC) integrates in 2015, saying it is of central importance. Speaking at the opening of an ASEAN symposium in Phnom Penh on Tuesday, the premier said integration of ...
Swedish outcry has royal voice in midst
Growing calls in Sweden for multinational clothing giant H&M to increase wages for Cambodian garment workers have taken a royal twist. Cambodia’s Prince Charin Norodom, 38, who has lived in Sweden for more than 30 years, told the Post yesterday that he had been working behind ...
Striking workers resign in trade-off
Tae Young factory workers have ended their strike demanding the reinstatement of 16 fired workers after the factory last week agreed to drop its legal complaints against eight of the 16 in return for the entire group’s official resignations. About 600 protesters began the strike at ...
Hong Kong seeking trade ties
During a visit to Phnom Penh this week, Greg So, Hong Kong’s Secretary for Commerce and Economic Development, reiterated Hong Kong’s desire to be inducted into the ASEAN-China Free Trade Agreement and highlighted Cambodia as a potential beneficiary for foreign direct investment from Hong Kong. In So’s view, economic ...
http://www.phnompenhpost.com/index.php/2012103159498/Business/hong-kong-seeks-trade-ties.html
Another major Xayaburi pact
The inking of a €300 million contract for water turbines, and job advertisements marked “urgent” appear to be the latest signs that Laos is powering forward with the Xayaburi hydroelectric dam project on the Mekong River. Assurances the $3.8 billion project was on hold pending further ...
http://www.phnompenhpost.com/index.php/2012103159486/National-news/another-major-xayaburi-pact.html
Silencing the Voice of Dissent
Before its owner was arrested in July on charges of insurrection, Beehive radio had hit the consciousness of few outside Cambodia. While international rights groups and press watchdogs were quick to jump on a story of political posturing and the quashing of free speech in the ...
Cambodia needs to polish reputation
The chief economist at the Economic Research Institute for ASEAN and East Asia says Cambodia needs to attract greater numbers of multinational companies and treat them well, in order to establish production networks that will transfer technology to smaller Cambodian businesses. In an interview with the ...
First financial leasing company for Cambodia
GL Finance (GLF), the first and only financial leasing company in Cambodia, opened its 11th branch in Phnom Penh on Friday, covering all authorized Honda and NCX dealerships in Phnom Penh and its vicinity. GLF, in partnership with Honda NCX, helps customers buy their own motorbikes and provides ...
Banking made more accessible
The largest bank in Cambodia, Acleda Bank Plc, has extended its mobile banking and payments service to consumers without an existing banking relationship of any kind, according to a press release by global technology provider Fiserv. Established in 2010, Acleda Unity now reaches untapped consumer segments using ...
http://www.phnompenhpost.com/index.php/2012103059461/Business/banking-made-more-accessible.html
Improvements for banks after budget
Improvements to Cambodia’s banking and finance sector are expected to come about as a result of the 2013 national budget, a Council of Ministers spokesman said. “We will dedicate resources to ensuring macro-economic stability,” spokesman for the Council of Ministers, Phay Siphan said. These measures, in conjunction ...