The Phnom Penh Post

Pursat Pheapimex protest

About 300 people from six villages in Pursat province’s Kbal Trach commune protested yesterday outside Pheapimex Group’s Krakor district office, the latest confrontation in a land dispute that stretches back 13 years. Villager representative Duok Sary said they had come to demand that the company ...

May Tittihara
http://www.phnompenhpost.com/national/pursat-pheapimex-protest

SEA firms to ship $2b of rubber to China

Cambodia’s Prominence Investment Enterprise and Thailand’s Panpee Group have signed an agreement to supply China’s Yunnan Rubber Co Ltd with 500,000 tonnes, or US$2 billion worth, of rubber per year, Sam Kay, general manager of the local partner, said yesterday. ...

http://www.phnompenhpost.com/index.php/2012040455411/Business/sea-firms-to-ship-2b-of-rubber-to-china.html

Maybank plans Cambodia subsidiary

Malayan Banking Bhd (Maybank), one of Malaysia’s largest banks, plans to transition its Cambodian branch into a subsidiary in a bid for larger market share in the Kingdom’s crowded Cambodian banking sector. The bank, which opened as a branch in 1993, received a local incorporation licence ...

http://www.phnompenhpost.com/index.php/2012040455412/Business/maybank-plans-cambodia-subsidiary.html

Stocks’ excellent first quarter

Preservation of capital is fast losing ground to increased risk-taking as global equity markets close the quarter with a stellar performance. Investors are concerned that they will miss the accelerating upside move. Out of the 78 major financial markets around the world, the score is 66 positive ...

http://www.phnompenhpost.com/index.php/2012040455410/Business/stocks-excellent-first-quarter.html

ASEAN hits troubled waters

Prime Minister Hun Sen pushed regional unity at the opening ceremony of the ASEAN Summit yesterday, but criticism directed at Cambodia over the South China Sea ensured the dispute remained front and centre. As heavily armed guards lined the streets outside the Peace Palace in Phnom ...

http://www.phnompenhpost.com/index.php/2012040455423/National-news/asean-hits-troubled-waters.html

Gaming firm to expand Poipet operations

American Stock Exchange-listed Entertainment Gaming Asia Inc has announced it will build and operate a slot hall as an addition to an existing casino in Poipet city on Cambodia’s border with Thailand, according to a company statement. ...

http://www.phnompenhpost.com/index.php/2012040455409/Business/gaming-firm-to-expand-poipet-operations.html

Kratie villagers seek accord

Kratie provincial authorities met with more than 500 Pi Thnou commune families seeking a social land concession yesterday, making good on a promise made last week in order to get villagers to end their blocking of national road 6A. ...

http://www.phnompenhpost.com/index.php/2012040455417/National-news/kratie-villagers-seek-accord.html

Borei Keila evictees ‘will die’ without aid

Borei Keila evictees sleeping under stairs at the site where their houses were bulldozed in January would die unless more aid organisations provided them with food, an NGO representative said yesterday. Amnesty International paid for the Housing Rights Task Force (HRTF) to deliver more than 1,200 ...

http://www.phnompenhpost.com/index.php/2012040455418/National-news/borei-keila-evictees-will-die-without-aid.html

Cops ejected from Boeung Kak press event

Boeung Kak lake residents yesterday accused commune police of not fulfilling their duty of keeping them safe, forcibly expelling a number of officers from a press conference called to highlight the problem. ...

http://www.phnompenhpost.com/index.php/2012040455421/National-news/cops-ejected-from-b-kak-press-event.html

South China Sea surfaces

The Philippines thrust the South China Sea dispute to the forefront of the ASEAN Foreign Ministers’ Meeting yesterday, causing the topic to dominate discussions. Myanmar by-elections and North Korea also featured prominently on the eve of today’s ASEAN summit, overshadowing the foreign ministers’ planned focus on ...

http://www.phnompenhpost.com/index.php/2012040355401/National-news/south-china-sea-surfaces.html

China stalls Cambodia’s first rice exports at border

Cambodia had made its first direct shipment of rice to China, an official revealed yesterday, but the test run, which was hoped to open the vast Chinese rice market to local exporters, was largely unsuccessful. Golden Rice Co Ltd shipped 48 tonnes of milled rice to ...

http://www.phnompenhpost.com/index.php/2012040355388/Business/china-stalls-cambodias-first-rice-exports-at-border.html

Hu gone with Boeung Kak petition hopes

Hu Jintao had already left the day before, but five Boeung Kak villagers were undeterred yesterday as they attempted to leave a petition for China’s president, only to be turned back by police. The quintet, whose petition requests that Hu intervene in their land dispute with ...

http://www.phnompenhpost.com/index.php/2012040355397/National-news/hu-gone-with-b-kak-petition-hopes.html

Water treatment JV plans $200 million investment

Cambodia’s Heng Development Co Ltd, in co-operation with Thai and Chinese companies, plans to invest about US$200 million in a water-treatment project this year, according to the company’s general director. ...

http://www.phnompenhpost.com/index.php/2012040355386/Business/water-treatment-jv-plans-200-million-investment.html

Replacement for Toll’s Kerr has arrived in Phnom Penh

Toll Royal Railways chief executive David Kerr is on track to leave Cambodia by the end of the month, according to his expected replacement. Bobby Luow, a 40-year veteran of the rail industry, mainly in South Africa, told the Post he had been brought in to ...

http://www.phnompenhpost.com/index.php/2012040355387/Business/replacement-for-tolls-kerr-has-arrived-in-phnom-penh.html

Railway evictees seek ADB aid

Families forced to move by the rehabilitation of the Phnom Penh stretch of the national railway petitioned the Asian Development Bank yesterday for help with their livelihoods. About 50 people gathered outside the ADB’s office to submit a petition representing more than 160 families relocated to ...

http://www.phnompenhpost.com/index.php/2012040355398/National-news/railway-evictees-seek-adb-aid.html

Cambodia gives region ‘export’ advice

Cambodia’s garment sector yesterday looked more like a teacher to regional economies such as Myanmar than a student of China and other export juggernauts. With more than 500 garment and shoe factories – adding a new one every 10 days, according to the Garment Manufacturers Association ...

http://www.phnompenhpost.com/index.php/2012040355384/Business/cambodia-gives-region-export-advice.html

Cambodia to aid ASEAN’s small states

Cambodia’s Minister of Economy and Finance Cham Prasidh yesterday said the Kingdom would push forward with efforts to eliminate development gaps among ASEAN member states during its chairmanship this year. ...

http://www.phnompenhpost.com/index.php/2012040355383/Business/cambodia-to-aid-aseans-small-states.html

Relocation deals unfair, say families

More than 400 families in Kampong Cham province’s Chup commune had filed a complaint yesterday to local authorities over relocation orders issued last week, villagers said. Hom Hon, 55, a retired rubber plantation worker and former employee of Sopheak Nika Investment Group Company, said that on ...

http://www.phnompenhpost.com/index.php/2012040355400/National-news/relocation-deals-unfair-say-families.html

Hu pledges millions in aid

A weekend meeting between Chinese President Hu Jintao and Prime Minister Hun Sen concluded with millions in loans and aid agreed to and a clear message: neither nation is in a rush to deal with the prickly South China Sea dispute. At the Saturday one on ...

http://www.phnompenhpost.com/index.php/2012040255376/National-news/hu-pledges-millions-in-aid.html

Cambodia-Vietnam JV targets rice exports

CAVFOOD, a joint venture between Cambodian and Vietnamese companies, launched the first phase of its US$8 million rice mill in Phnom Penh on Friday. The venture is an investment by Cambodian state-owned rice exporter Green Trade and Vietnam’s VNA Food 2 and Bank for Investment and ...

http://www.phnompenhpost.com/index.php/2012040255363/Business/cambodia-vietnam-jv-targets-rice-exports.html

Petition timed to Hu’s visit stymied by police

Two villagers from Koh Kong  province involved in a land dispute with a Chinese company were detained for questioning on Saturday afternoon, halting their plans to file a petition with the Chinese embassy during President Hu Jintao’s visit. Thirty-three other villagers who had planned to deliver ...

http://www.phnompenhpost.com/index.php/2012040255371/National-news/petition-timed-to-hus-visit-stymied-by-police.html

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