The Phnom Penh Post

CAMBODIA’S prices were 7 percent higher at the end of June compared to the month in 2010, according to National Institute of Statistics official Sim Ly yesterday. Although the organisation was still preparing to release the official figures, Sim Ly said the figures would also ...

CAMBODIA’S total food and beverage imports jumped 28 percent year-on-year through June to US$74 million, as domestic demand continued to outpace the Kingdom’s production capacity. The demand comes as Cambodia’s economy regains momentum following the global financial crisis, said officials at the Ministry of Commerce, ...

DANISH logistic giant Damco has opened a 6,000-square-metre warehouse facility in Phnom Penh in response to the Kingdom’s growing importance as an emerging market, the company said in a statement. Damco Company (Cambodia), which is part of international conglomerate AP Moller-Maersk Group, said manufacturers have increasingly ...

THE number of international tourists visiting Siem Reap’s Angkor Wat temples increased 23 percent year-on-year through July, with statistics showing notable growth in travellers from Vietnam, South Korea, China and Japan. Some 907,463 tourists arrived at Angkor Wat in the first seven months of 2011, up ...

NGO Forum confirmed yesterday it had received a “warning letter” from the Ministry of Foreign Affairs over its advocacy on behalf of communities affected by a railway rehabilitation project funded by the Asian Development Bank (ADB) and AusAID. The warning to the umbrella group of 88 ...

Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...

Steep price cuts by mobile operator Hello may prompt Thaicom to sell its majority stake in Mfone, according to investment firm Cambodia Capital. Cambodia Capital claims Hello’s drop in the tariffs it charges customers this year has heavily impacted Mfone’s operations, as well as those ...

Hundreds of families at Boeung Kak lake would receive land titles next week, Phnom Penh governor Kep Chuktema announced yesterday, but one village has been excluded from the deal that all but ends Phnom Penh’s highest-profile land dispute. At a meeting with about 500 villagers ...

International NGO Bridges Across Borders and umbrella group NGO Forum met yesterday morning with officials at the Ministry of Foreign Affairs who accused both of making “false” and “unfair” claims to the Asian Development Bank about the death of two children relocated by a railway ...

Financial experts in the Kingdom yesterday called on the banking sector to implement improved corporate governance and increase transparency in order to ensure confidence in companies ahead of trading on the Cambodian Securities Exchange. Banks in the country have been required to publicly disclose financial ...

The wet season had come and gone with almost no rain. Despite the best efforts of the farmers from Tralach commune, in Takeo province’s Traing district, widespread crop failures two years ago brought the community to the economic, and dietary, brinkThis week, farmers in Kratie ...

Southeast Asia needs to push ahead with a regional free trade bloc and policies to cope with global financial crises, Indonesia’s government said yesterday. Indonesia’s Vice President Boediono, addressing trade ministers from the Association of Southeast Asian Nations (ASEAN), said it was evident since the ...

Authorities are planning upgrades to effectively double the capacity of boats travelling from Phnom Penh Autonomous Port to Vietnam, according to port Director General Hei Bavy. A 2009 agreement with Vietnam authorities allows ships travelling down the Mekong from Cambodia to offload at Cai Mep ...

The use of short-term contracts by employers in the Kingdom’s garment industry is threatening workers’ rights and could lead to decreased productivity in the sector, researchers said at a meeting yesterday. Following the release of a report by Yale Law School last week based on ...

In the latest government backed appropriation of protected land, nearly 20,000 hectares of the Boeung Per wildlife sanctuary have been reclassified as state private land for agro-industrial development. Two sub-decrees, obtained by The Post this week and initialed by Prime Minister Hun Sen on July ...

The Bank of India will move to a larger location on Norodom Boulevard, aiming to attract increased business from both Cambodian and Indian clients, said Chief Manager Sripada Rao. The Mumbai, India-based bank first opened in the Kingdom in 2009 headquartered on the capital’s Monivong ...

A resurgent economy and efforts to crack down on smuggling have led to a large increase in petroleum imports, according to experts. Cambodia has imported 756,139 tonnes worth US$692 million in the first half of the year, from 440,607 tonnes worth $296 million in the ...

Ruling party senator Ly Yong Phat has defied an order endorsed by the Prime Minster to halt his controversial sand dredging activities on the Tatai river in Koh Kong, prompting authorities to request intervention, documents obtained by The Post reveal. The dredging operation on the ...

THE government expressed disappointment yesterday with the World Bank’s announcement that it had halted new country loans due to the ongoing land dispute at Boeung Kak lake in Phnom Penh and vowed to raise the issue with the bank’s executive board. “We are very dissatisfied ...

PROMINENT businessman Kith Meng was re-elected unopposed yesterday as president of the Cambodian Chamber of Commerce. Kith Meng, the only contender who declared his candidacy for the three-year mandate, received support from all 11 candidates eligible to stand. Kith Meng, who is also chairman and chief ...

Representatives of 168 families from Kampong Cham’s Memot district staged a protest at the provincial governor’s home yesterday, seeking an intervention on their behalf in an ongoing land dispute with Memot Rubber Plantation.  ...

Farmers who on Sunday said they had been shot at by Royal Cambodian Armed Forces (RCAF) soldiers for trying to cultivate 390 hectares of disputed land in Battambang province’s Samlot district were granted permission yesterday to plant on some parts of the land, villagers and ...

Almost 30,000 hectares of a wildlife sanctuary in Oddar Meanchey, Siem Reap and Preah Vihear provinces have been reclassified as state private land for agricultural development, drawing sharp criticism from rights groups. Four sub-decrees signed by Prime Minister Hun Sen on July 22 reclassify land ...

SOURSDEY Fashion occupies a small shopfront near the Russian Market. It looks similar to many of the small boutiques sprouting up across Phnom Penh, packed with  the latest in fashion aimed at young, trendy consumers. But the shop’s business plan differs from that of many ...