The Phnom Penh Post
Illness strikes Borei Keila evictees
Woes continued for 26 relocated former Borei Keila residents, who fainted after vomiting and suffering diarrhoea at Tuol Sambo Village in Dangkor district’s Prey Veng commune on Saturday. Khum Khern, village chief of Tuol Sambo, told the Post that most of the villagers who had fainted ...
Border business in O'Smach
It was a big gamble for Khun Savy, travelling hundreds of kilometres and spending thousands of Thai baht for broker fees and bribes he said he paid to be smuggled into Thailand. At the O’Smach International Border Checkpoint in Oddar Meanchey province, the 29-year-old was one ...
http://www.phnompenhpost.com/index.php/2012031254987/National-news/border-business-in-osmach.html
Ministry matters: Pawnshops must apply for license
The Ministry of Economy and Finance has called on all unregistered pawnshops to apply for an operating license by March 31 or face legal action, according to a government announcement on Friday. The move follows the 2010 law that first legalised pawnshops in the Kingdom, an ...
Shooting suspect a governor no more
Triple-shooting suspect Chhouk Bandith has been sacked as Bavet town governor to prevent him from interfering in court proceedings, the Svay Rieng deputy provincial governor said yesterday. The high-profile suspect is accused of shooting three garment factory workers at a protest outside the Kaoway Sports Ltd ...
Koh Kong intervention sought
The provincial office of rights group Licadho has called on Koh Kong provincial politicians to help more than 1,000 families being forcibly evicted to make way for a sprawling gambling resort and other development, representative said yesterday. More than 130 families, from three villages in Kiri ...
http://www.phnompenhpost.com/index.php/2012030954950/National-news/koh-kong-intervention-sought.html
Anco report flawed: auditor
The auditor who submitted a report used to convict a husband and wife of embezzling tens of millions of dollars from a company owned by the wife of a tycoon senator admitted yesterday that the quality of his audit was “poor”. The report was used ...
http://www.phnompenhpost.com/index.php/2012030954952/National-news/anco-report-flawed-auditor.html
Protesters successful; water prices decrease
Authorities in Prey Veng province yesterday agreed to cut the price of water from 1,800 riel to 1,200 riel a cubic metre after more than 1,000 people blocked National Road 11 for the fourth consecutive day. Acting provincial police chief Dim Yarum said yesterday an ...
Spate of abuses continues
Nearly two dozen fishermen were repatriated to the Kingdom yesterday after being trafficked aboard Thai fishing boats where they endured forced labour and rampant abuse. The 11 men bring to 30 the number of fishermen repatriated from Malaysia and Indonesia this year. They were visibly shaken ...
http://www.phnompenhpost.com/index.php/2012030954949/National-news/spate-of-abuses-continues.html
Investment in mining operations falls sharply
Guangxi Nonferrous Metal Group invested $21.95 million in the construction of a steel processing plant, the data shows. The Chinese company planned to invest as much as $500 million in Preah Vihear province, China’s state-owned Xinhua news agency reported in November. China’s Xing Yuan Kang Yeak ...
Tycoon free after striking deal
A tycoon arrested on Tuesday by military police on fraud charges yesterday walked free after striking a deal with the man he defrauded, court officials said. Meas Chanpiseth, deputy prosecutor of the Phnom Penh Municipal Court, said that 52-year-old tycoon Peang Kosal, executive director of the ...
The Kingdom’s first IPO
The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...
http://www.phnompenhpost.com/index.php/2012030854926/Business/the-kingdoms-first-ipo.html
Graduates not up to scratch: report
Cambodia’s tertiary system is not producing enough of the right type of graduates to meet the economy’s demands, says a report launched by the World Bank last week. The 222-page report, titled “Putting Higher Education to Work”, states that “quantity gaps are particularly strong in ...
Riel sees stable gains on dollar this year
A steady rise in the value of Cambodia’s riel since the beginning of the year demonstrated increased confidence in the currency often shadowed by predominant usage of the US dollar, officials said yesterday. “The consequent rising value of riel proves there is more confidence in ...
Increasing prices drive Kingdom’s rubber
Rubber production in early 2012 increased 21 per cent when compared to the end of 2011, according to Mak Kim Hong, president of the Cambodian Rubber Association. He said yesterday that the price of one tonne of good-quality rubber rose to US$3,800 in early 2012, ...
Union leader hits back at allegations
Free Trade Union president Chea Mony yesterday rejected a charge in court that he and two other FTU members incited workers to damage property during a mass strike last year at the M&V garment factory. During nearly two hours of questioning at the Kampong Chhnang provincial ...
Building’s owner unknown
Amid safety fears in the construction industry, authorities yesterday refused to reveal the owner of a brand-new industrial building that crashed to the ground in Phnom Penh on Sunday, just days before hundreds were to have set foot in it. Sen Sok district governor Khoun Sreng ...
http://www.phnompenhpost.com/index.php/2012030754899/National-news/buildings-owner-unknown.html
Net widens on fishing trap ban
Less than a week after banning commercial fishing in Tonle Sap Lake, Prime Minister Hun Sen issued a sub-decree on Monday extending the ban to four provinces along the Mekong River. According to the sub-decree, signed March 5 and released publicly yesterday, commercial fishing will be ...
More than 40 faint as firm denies exit
More than 40 workers had fainted at a garment factory yesterday after officials prevented them leaving the building when four of their co-workers collapsed, a labour department official said. The mass fainting occurred at the Nanguo Garment Co Ltd factory in Preah Sihanouk province’s Prey Nub ...
Borei Keila residents herald pledge of aid
Borei Keila evictees who have been sleeping in stairwells near where their houses once stood said yesterday the Phnom Penh municipal authority had promised to help them find homes. Ka Rohanny, 35, a representative of the evicted residents, told the Post Kiet Chhe, deputy administrative president ...
Gender gap in dispute
Cambodian women have less chance of being promoted to positions of power than women in any other East Asian country, a report by the NGO Social Watch International has found. But government officials have rejected the findings and maintained the number of females in Cambodia’s ...
http://www.phnompenhpost.com/index.php/2012030754905/National-news/gender-gap-in-dispute.html
Cambodia’s top micro manager [Interview]
How did the floods affect the industry late last year? Of course, we were worried when the floods began because many people were affected. When the floods continued, we did a survey and found that just about 10 per cent of MFI borrowers were affected. But ...
http://www.phnompenhpost.com/index.php/2012030754891/Business/cambodias-top-micro-manager.html
Outrage over water prices
More than 1,000 villagers in Prey Veng province’s Prey Veng town blocked traffic on national road 11 outside the office of the Cambodian People’s Party yesterday to demand the price of water be lowered from 1,800 riels per cubic metre to 1,200 riels. The protesters, who ...
http://www.phnompenhpost.com/index.php/2012030654881/National-news/outrage-over-water-prices.html
Mobile cash gaining traction
Digital cash services in Cambodia showed marked increases in users and cash flow in 2011, and still more growth is expected this year as operators launch new services and partnerships to capture a large but still-untapped rural market. The services, in which customers transfer money via ...
http://www.phnompenhpost.com/index.php/2012030654867/Business/mobile-cash-gaining-traction.html
Court avoids warrant for governor of Bavet
The see-sawing case against Bavet town governor Chhouk Bandith, who police have alleged shot three female protesters just over two weeks ago, took another turn yesterday as a summons was issued for him rather than an arrest warrant. Though Chhouk Bandith has been publicly identified ...