Infrastructure
Japanese Investor in Talks to Take Stake in TV3
Japan’s TriAsia Group is in talks to acquire a majority stake in local television station TV3 and plans to broadcast Japanese-language shows, the television channel’s owner confirmed Wednesday. According to TV3’s owner, Khampun Keomony, revenues at the channel have been dropping, which prompted him to look ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/japanese-investor-in-talks-to-take-stake-in-tv3-41707/
Forest Cleared for Stung Treng Dam Construction
Logging has officially begun in Stung Treng province in preparation for the construction of a massive hydropower dam, but local authorities and villagers said Wednesday that the clearing of forest is going unchecked outside the official dam concession area. The Lower Sesan 2 dam was approved ...
Kuch Naren and Dene-Hern Chen
http://www.cambodiadaily.com/news/forest-cleared-for-stung-treng-dam-construction-41693/
Evictees sick as rubbish piles up
Evictees of Phnom Penh’s Borei Keila community appealed yet again to municipal authorities for alternative housing yesterday, saying garbage and waste has inundated their current settlement and is making it increasingly difficult to enter and exit the area. Borei Keila residents were evicted from their land ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/evictees-sick-rubbish-piles
Planned Mekong dams need environmental assessment
The Cambodian government’s plan to build 20 dams along the Mekong River, with a view to boosting energy security, could harm food security and biodiversity in the region, as well as ignite a regional conflict over sharing of the river’s water, a conference has heard. ...
SciDev.Net News Staff
http://www.scidev.net/asia-pacific/water/news/planned-mekong-dams-need-environmental-assessment.html
New Project Aims to Help Small Businesses in Cambodia
A new project by the government and Japan’s aid agency seeks to assist small companies in Cambodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries. The aim of the two-year program, called “Strategic Strengthening ...
Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/business/new-project-aims-to-help-small-businesses-in-cambodia-41534/?utm_source=rss&utm_medium=rss&utm_campaign=new-project-aims-to-help-small-businesses-in-cambodia
Project to fix capital’s drains kicks into gear
The third phase of a project designed to revamp Phnom Penh’s drainage system, currently inundated by seasonal rains, began yesterday. Four areas of the city spanning a total of 369,445 metres will be witness to the next stage of the project’s implementation, part of an ongoing ...
Sen David
http://www.phnompenhpost.com/national/project-fix-capital%E2%80%99s-drains-kicks-gear
Resurgent mobile deals could hurt margins, analysts say
‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/resurgent-mobile-deals-could-hurt-margins-analysts-say
A lesson in caution
After nearly 50 garment workers were killed last year while travelling to or from their respective factories, the Ministry of Labour has urged truck drivers who cram dozens into the back of vehicles each day to take more care on the roads. In an information session ...
Sen David
http://www.phnompenhpost.com/national/lesson-caution
Phnom Penh Fares Poorly in Livability Index
Phnom Penh is one of the least-livable cities in the world, but has also seen relatively strong improvement in quality of life over the past five years, the Economist Intelligence Unit’s annual Global Livability Ranking released this month has found. The analysis of 140 cities, which ...
David Kaner
http://www.cambodiadaily.com/news/phnom%E2%80%88penh-fares-poorly-in-livability-index-41445/
Drop-off in beverage imports questioned
Despite the fact that beverage consumption in Cambodia is on the rise, government statistics show that imports of alcohol and non-alcoholic products in the first half of 2013 have declined by 51 per cent year-on-year. The seemingly conflicting figures left some scratching their heads. Meng Saktheara, ...
Hor Kimsay
http://www.phnompenhpost.com/business/drop-beverage-imports-questioned
Businessmen Charged Over Mining Deal Fraud
The Phnom Penh Municipal Court has charged the Cambodian chairman of a local conglomerate and a Chinese business associate with fraud and using forged public documents, officials said Wednesday. Al Romny, 41, and Chinese national Chin Mongxin, 45, were arrested Saturday after an unknown complainant said ...
Eang Mengleng and Simon Lewis
http://www.cambodiadaily.com/news/businessmen-charged-over-mining-deal-fraud-41261/
Government, ADB Differ on Rail Project
The government claims to have finished nearly a third of the work needed to rehabilitate the long-dilapidated railway line from Phnom Penh to the Thai border at Poipet, twice the figure reported by the Asian Development Bank (ADB), the main financier of the over-budget and ...
Zsombor Peter
http://www.cambodiadaily.com/news/government-adb-differ-on-rail-project-41263/
City poised for shopping mall boom
After spending $30 on clothes, Chan Pheavy sat down for lunch in the food court of Sorya Mall, plunking her shopping bags on the floor beside her. “It is very comfortable to do shopping here,” Pheavy, 25, who works for a commercial bank in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/city-poised-shopping-mall-boom
CAMBODIA: Better Factories goes mobile with labour law app
The Better Factories Cambodia (BFC) monitoring and reporting scheme is launching a mobile app next month to help improve knowledge of the country’s labour law for those working in the industry. Partially funded by Adidas, the ‘Cambodian Labour Law Guide’ app will be available to download ...
Leonie Barrie
http://www.just-style.com/news/better-factories-goes-mobile-with-labour-law-app_id118883.aspx
Company launches digital ad operation
Cambodian Investment Management’s social-media marketing and advertising business has launched Dynamo Innovative Digital Advertising, the group said last week. Dynamo will inherit 10 clients, managing 20 social-media pages, 90 per cent of which are on Facebook and 10 per cent on LinkedIn. ...
http://www.phnompenhpost.com/business/company-launches-digital-ad-operation
UK to Request Extradition of Biofuel Company’s Chairman
The U.K.’s fraud office plans to request the extradition of a British national currently detained in Cambodia, after it brought charges against four people for their part in a $36 million Ponzi scheme involving a biofuel plantation. Gregg Fryett was arrested in Phnom Penh in March ...
Simon Lewis
http://www.cambodiadaily.com/news/uk-to-request-extradition-of-biofuel-companys-chairman-40796/
UK to Request Extradition of Biofuel Company’s Chairman
The U.K.’s fraud office plans to request the extradition of a British national currently detained in Cambodia, after it brought charges against four people for their part in a $36 million Ponzi scheme involving a biofuel plantation. Gregg Fryett was arrested in Phnom Penh in March ...
Simon Lewis
http://www.cambodiadaily.com/news/uk-to-request-extradition-of-biofuel-companys-chairman-40796/
Blending may fuel energy sector
A container storage facility off the coast of Preah Sihanouk province that allows Cambodia to blend oil before export could hold the key to sustainable growth in the country’s nascent energy sector, according to a Danish oil and gas expert. With Chevron positioned to lead offshore ...
Daniel de Carteret
http://www.phnompenhpost.com/business/blending-may-fuel-energy-sector
New container terminal may not deliver for Cambodia
Shallow draft, lack of rail connectivity, uneasy relations with Vietnam, and the general slowdown may leave LM 17, Cambodia’s brand new $28-million container terminal near Phnom Penh, up the strait. Even if the terminal achieves the targeted throughput of 110,000 TEUs (it has moved 70,000 so ...
Hindu Business Line News Staff
http://www.thehindubusinessline.com/industry-and-economy/logistics/new-container-terminal-may-not-deliver-for-cambodia/article5061737.ece
Cambodia's oil imports down 5.6 pct in first half of 2013
Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the January-June period this year, the ...
http://news.xinhuanet.com/english/business/2013-08/26/c_132664169.htm
Cambodian needs effective policy measures for power sector: report
Cambodia requires effective policy measures to accelerate its development plans for the power sector, according to the summary of a market research report distributed Saturday. UK-based PR Carbon said the report noted that Cambodia’s power sector comprise targets for developing a national power grid to distribute ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MTNkZjkxMjU2OTc
Ratch pulls out of JV for Cambodia power plant
Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. Pongdith Potchana, chief executive of Ratch, said yesterday that the company had revised the plan after its analysis indicated that ...
Flooding takes a toll
Ten days ago, Loun Somaly, 33, left his house to deliver a deposit to the glass workers he hired to replace a window on his rickety sheet metal-panelled house. Ly Sophal, Somaly’s tenacious three-year-old son, followed him outside, asking if he could join. But with floodwater ...