The Phnom Penh Post

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

Thais will sit out NGO meet

Civil society groups from Thailand will boycott a meeting between NGOs and regional government representatives at this week’s ASEAN summit because their country’s delegate “does not represent Thai civil society”, a spokeswoman said yesterday. Premrudee Daoroung, a representative of Thai civil society groups, said her country’s ...

http://www.phnompenhpost.com/index.php/2012040255373/National-news/thais-will-sit-out-ngo-meet.html

ASEAN infrastructure fund on track for May

The region’s finance ministers on Friday set a May launch date for the ASEAN Infrastructure Fund (AIF), a financing project expected to lend as much as US$4 billion to member countries through 2020. Speaking at the opening the ministers’ meeting, Prime Minister Hun Sen called ...

http://www.phnompenhpost.com/index.php/2012040255364/Business/asean-infrastructure-fund-on-track-for-may.html

Kingdom, Indonesia said close to rice deal

Cambodia is close to a deal that would ship as much as 20,000 tonnes of milled rice to Indonesia, according to sources familiar with the matter. Thon Virak, director of state-owned rice exporter Green Trade and chairman of Federation of Milled Rice Exporters Association, said Green ...

http://www.phnompenhpost.com/index.php/2012033055327/Business/kingdom-indonesia-said-close-to-rice-deal.html

Equal rights sought for disabled

Rights groups pushed for increased employment of disabled Cambodians and the ratification of a UN convention on their rights at the launch of the ASEAN Disability Forum yesterday. Ngin Saorath, executive director of the Cambodian Disabled People’s Organisation, said groups will draft a declaration over the ...

http://www.phnompenhpost.com/index.php/2012033055341/National-news/equal-rights-sought-for-disabled.html

Cambodia, Vietnam to fight financial crimes

The National Bank of Cambodia this week signed a Memorandum of Under-standing with the State Bank of Vietnam that would allow for the exchange of information to fight money laundering and terrorism financing. The MoU, signed by NBC Governor Chea Chanto and SBV Governor Nguyen Van ...

http://www.phnompenhpost.com/index.php/2012033055326/Business/cambodia-vietnam-to-fight-financial-crimes.html

Kingdom, Indonesia said close to rice deal

Cambodia is close to a deal that would ship as much as 20,000 tonnes of milled rice to Indonesia, according to sources familiar with the matter. Thon Virak, director of state-owned rice exporter Green Trade and chairman of Federation of Milled Rice Exporters Association, said Green ...

http://www.phnompenhpost.com/index.php/2012033055327/Business/kingdom-indonesia-said-close-to-rice-deal.html

Myanmar’s economic promise no threat to investment here: experts

Myanmar’s moves toward economic and political reform would not subtract from Cambodia’s regular stream of foreign investment, experts and insiders said – at least not in the short run. Word of an investor-friendly Myanmar has spread quickly with the US’s partial waiver on trade sanctions in ...

http://www.phnompenhpost.com/index.php/2012033055328/Business/myanmars-economic-promise-no-threat-to-investment-here-experts.html

Companies given right to develop wildlife land

The Cambodian government has reclassified 12,000 hectares of wildlife sanctuary to make way for agro-industry concessions for three companies, according to the royal book issued on March 19. The land has been cut from the Kulen Promtep Wildlife Sanctuary, the largest protected area in Cambodia, which ...

http://www.phnompenhpost.com/index.php/2012033055335/National-news/companies-given-right-to-develop-wildlife-land.html

Koh Kong power to go to Thais

Cambodian tycoon Ly Yong Phat has signed a US$3 billion joint-venture agreement with Thai energy firm Ratchaburi Electricity Generating Plc on what would be the Kingdom’s largest power station. Just under 90 per cent of the power, however, would be sold to Thailand. The 1,800 megawatt ...

http://www.phnompenhpost.com/index.php/2012032955308/Business/koh-kong-power-to-go-to-thais.html

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