News

Detained Russian's Company Under Investigation for Fraud

The company of Russian businessman Sergei Polonsky, who is currently being detained by Cambodian authorities after a maritime incident off the coast of Preah Sihanouk province last week, is being investigated by the Russian Interior Ministry for fraud, according to a statement on the ministry’s ...

http://www.cambodiadaily.com/news/detained-russians-company-under-investigation-for-fraud-7333/

Adhoc Requests Cancellation of 2 Vietnamese Land Concessions

Rights group Adhoc has requested that the government cancel economic land concessions held by two Vietnamese companies in Ratanakkiri province’s O’Yadaw district, on the grounds that the firms are logging and exporting wood illegally. “Adhoc calls on the Royal Government of Cambodia to immediately cancel the ...

http://www.cambodiadaily.com

Kathmandu listed in Top10 places to visit in 2013

Worldwide renowned travel advisory website–the tripadvisor.com–has listed Nepali capital Kathmandu in its top 10 best places to visit in Asia. While Siem Reap of Cambodia topped the chart, China’s Beijing and Shanghai cities hold the respective second and third best places to travel in the ...

http://news.xinhuanet.com/english/travel/2013-01/07/c_132085140.htm

Banks give students some tips

The first Banking Careers Forum, organised on Friday by CamEd Business School with the support of leading banks and Micro Finance Institutions (MFIs), attracted hundreds of students –  the majority of them studying accounting and banking – to participate and find job opportunities in the ...

http://www.phnompenhpost.com/2013010760648/Business/banks-give-students-some-tips.html

Cambodia Angkor flies to Bangkok

Cambodia Angkor Air will start a daily service between Phnom Penh and Bangkok, 1 February [sic]. The airline launched its first service to Thailand, 30 November [sic] from Siem Reap and is scheduled to start a service to Hanoi 7 January [sic]. The Bangkok-bound flight will ...

http://www.ttrweekly.com/site/2013/01/cambodia-angkor-flies-to-bangkok/

US Seeks Stronger Ties After Obama Visit

The United States is looking forward to making sure the US-Cambodian relations grow stronger after the visit of US President Barack Obama to Cambodia in November, according to US Embassy spokesman Sean McIntosh. In a recent interview with VOA Khmer, McIntosh said Obama has decided to ...

http://www.voacambodia.com/content/us-seeks-stronger-ties-after-obama-visit/1577161.html

Miner buys into Cambodian copper

Geopacific Resources, an Australian mineral exploration company focused on gold and copper projects in Fiji, wants to take over Worldwide Mining Projects Limited, a mineral assets searcher in Southeast Asia. Worldwide Mining Projects Limited has signed a sales agreement with Golden Resources Development, a South Korean ...

http://www.phnompenhpost.com/2013010460638/Business/miner-buys-into-cambodian-copper.html

Cambodia lures ex-Adamus executives

Former Adamus Resources executives Milan Bojanjac and Ron Heeks are plotting a return to the Australian bourse, through a deal with the Charlie Bass-backed Geopacific Resources. In a deal it said would give it access to a substantial land- holding in Cambodia, Geopacific announced plans for ...

http://au.news.yahoo.com/thewest/business/a/-/national/15760417/cambodia-lures-ex-adamus-executives/

Starbucks to open its first outlet in Vietnam

Global coffee-chain giant Starbucks will enter its 12th Asian market next month when it opens an outlet in Vietnam’s Ho Chi Minh City. RMA Cambodia CEO Rami Sharaf said the expansion into Vietnam did not automatically mean Starbucks would enter Cambodia. “I don’t think there is ...

http://www.phnompenhpost.com/2013010460636/Business/starbucks-to-open-its-first-outlet-in-vietnam.html

Cedac buys rice miller to boost imports

The Cambodian Center for Study and Development in Agriculture, or Cedac, has built a $500,000 rice mill in Phnom Penh’s Pur Senchey district in the hope of exporting more milled rice overseas, an official said yesterday. “We expect that in 2013, we would export between 200 tons and ...

http://www.cambodiadaily.com

Banteay Meanchey residents protest over land dispute

Thirty residents of Banteay Meanchey province gathered in front of Prime Minister Hun Sen’s house Friday to seek intervention over a land dispute. The residents, representing 51 families in Ou Chrov district, said they had sued provincial authorities for seizing their land. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NTgyNmFlMDkzMmZkY2RmMzE4MzQ4ODZiMWRlZjQ5

Cambodia to spend 21 mln USD for July general election

Cambodia will spend about 21 million U.S. dollars to cover for the [sic] proceedings of the general elections on July 28, a senior official at the National Election Committee (NEC) said Friday. “The budget for the forthcoming elections is about 21 million U.S. dollars, up from ...

http://news.xinhuanet.com/english/world/2013-01/04/c_132080391.htm

Garment factory worker strikes increased threefold in 2012

Strikes staged by garment and footwear factory workers more than tripled in 2012 compared to 2011, with more than 100,000 workers participating in at least one strike, an official of the Garment Manufacturers Association in Cambodia (GMAC) said yesterday. “Historically, prior to any elections, we will see a ...

http://www.cambodiadaily.com

Cambodia's Free Trade Union offers minimum wage plan

In the latest bid for an increase in garment-industry wages, Free Trade Union (FTU) president Chea Mony yesterday called on the Garment Manufacturers Association in Cambodia (GMAC) to come to the table and discuss a $120-per-month minimum wage. A few days after Cambodian Confederation of Unions ...

http://www.phnompenhpost.com/2013010460628/National/cambodia-s-free-trade-union-offers-minimum-wage-plan.html

Investors speculating on Phnom Penh condos

While the scores of new condominium properties appearing in Phnom Penh are selling well, their buyers are mainly speculators hoping to make quick profits, a leading property firm said. A report by international realty group CB Richard Ellis (CBRE), distributed Wednesday, says that the city’s property market in ...

http://www.cambodiadaily.com

Cargos via Cambodia's city port up 17% in 2012

Cargos entering and leaving through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 17 percent in 2012 thanks to increasing import and export activities, a senior port official said Thursday. The state-owned port had received 95,333 twenty-foot-equivalent units, or standard-sized containers (TEUs) last year, ...

http://news.xinhuanet.com/english/business/2013-01/03/c_132077675.htm

Cambodia greets 3.2 mln foreigners in Jan.-Nov. 2012

Cambodia has greeted some 3.2 million foreigners in the first eleven months of 2012, up 24 percent compared with 2.58 million visitors in the same period a year earlier, showed the latest statistics of Tourism Ministry on Thursday. From January to November last year, Vietnam topped ...

http://news.xinhuanet.com/english/world/2013-01/03/c_132077998.htm

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