News

Factory Manager Handed Suspended Sentence

A Chinese garment factory manager was handed a three-month suspended sentence and released yesterday after she was found guilty of folding up a photograph of King Father Norodom Sihanouk in front of workers in Kandal province, officials said. Liv Kuy Chheang, 45, was charged with intentionally ...

Trade with Vietnam slows

Bilateral trade between Cambodia and neighboring Vietnam grew by 17 per cent in the first nine months of the year compared to the same period last year, a decrease from previous years, the Vietnam Trade Office in Cambodia said yesterday. The data showed a total trade volume ...

http://www.phnompenhpost.com/index.php/2012102659432/Business/trade-with-vietnam-slows.html

Ratanakiri deaths 'avoidable'

Better communication from authorities in Cambodia and Vietnam might have prevented the deaths of villagers and the destruction of homes in Ratanakkiri at times when water has been released from Vietnam’s Yali Falls dam, researchers said yesterday. Speaking at a national workshop about the Yali Falls ...

http://www.phnompenhpost.com/index.php/2012102559406/National-news/ratanakkiri-deaths-avoidable.html

Major boulevards increasing in price

The sale and purchase of land along the four major boulevards in Phnom Penh climbed up to 40 per cent in the third quarter of 2012, while the construction of offices is gradually on the rise, according to real estate experts. The growth of land prices ...

http://www.phnompenhpost.com/index.php/Real-Estate/land-price-along-boulevards-on-the-rise.html

Cambodia Airports Funds Study of Five Airstrips

Cambodia Airports, which operates the country’s three international airports, has financed a study of five of the country’s unused domestic airstrips ahead of government plans to rehabilitate the facilities, a representative of the company said yesterday. Khek Norinda, communications manager at the Cambodia Airports, said that ...

More Houses Torn Down In Canal Clean-Up

Authorities in Phnom Penh’s Meanchey district continued to demolish houses in Niroth commune yesterday, despite 46 families appealing to the municipality and Prime Minister Hun Sen’s Cabinet to intervene. On Tuesday, three houses were torn down as part of efforts to clean up a stretch of ...

Foreigners entering the condo market in Phnom Penh

The number of foreign owners of houses in Cambodia has soared in recent years after the government permitted foreigners to have rights over owning real estate in the Kingdom, according to officials of the Ministry of Land Management, Urban Planning and Construction. Speaking at the opening of ...

http://www.phnompenhpost.com/index.php/Real-Estate/foreigners-entering-the-condo-market-in-phnom-penh.html

Dangerous chemicals still found in foodstuffs

Some Cambodian foodstuffs contained potentially harmful preservatives used to extend the shelf life of the products and ensure profits, an official said yesterday. Pork Sovannarith, secretary of state for the Ministry of Industry, Mines and Energy, said some food producers continued to use preservatives that could ...

http://www.phnompenhpost.com/index.php/2012102559408/Business/dangerous-chemicals-still-found-in-foodstuffs.html

Ratanakiri Court Questions Rights Workers

The Ratanakkiri Provincial Court yesterday questioned the first of two human rights workers who are suing local officials for allegedly disrupting a July meeting they were hosting for villagers in Lumphat district. Deputy court prosecutor Ros Saram said he questioned Chhim Savuth, program officer for the ...

Chinese Factory Manager Deported, Another Stands Trial

A Chinese garment factory manager was deported yesterday after she was given a one year suspended sentence for destroying a picture of the late King Norodom Sihanouk, officials said. The deportation took place as another Chinese factory manager, Liv Kuy Chheang, was charged by the ...

More visitors to hail Kingdom

Cambodia Airports estimates the number of passengers entering via Cambodia’s two international airports will increase by an average 8.8 per cent in 2013. That prediction is 1.2 per cent lower than the 2012 projection of a 10 per cent increase. The lower forecast is due to the ...

http://www.phnompenhpost.com/index.php/2012102559410/Business/more-visitors-to-hail-kingdom.html

Advocacy Group Slams Murder Case 'Hush Up'

Reporters Without Borders has joined mounting criticism of the government’s handling of the April 26 murder of environmental activist Chut Wutty. On Monday, a security guard was convicted of accidentally killing the officer officially blamed for the activist’s death. “How convenient,” the Paris-based advocacy group said in a ...

Credit bureau makes doing business easier

A report released by the World Bank on Tuesday highlighted Cambodia as the most improved country in terms of businesses getting credit, due to the establishment of the country’s first credit bureau in March. Cambodia ranked 133 out of 185 in the World Bank’s report, up from 141 ...

http://www.phnompenhpost.com/index.php/2012102559400/Business/credit-bureau-makes-business-easier.html

Banking Sector Sees Growth in First 9 Months

Profits at Cambodia’s largest banks continued to grow through the first nine months of the year as loan disbursals across the sector increased by about 30 percent compared to the same period in 2011, bankers said yesterday. Acleda Bank, the largest bank in the country, this week posted ...

Fight to Save Mekong Dolphin Makes Enemies

Sitting at his outpost overlooking the Mekong River, Deab Kuy remembers an incident some years ago when fishermen threatened to attack him if they were stopped from casting their nets around the river’s sandy islets here in Sambok commune. The outpost, little more than a wooden house on ...

Value of Approved Property Projects Soar

The value of construction projects approved by the government during the first nine months of the year reached $1.83 billion, an 83.61 percent increase compared to the same period in 2011, according to data released yesterday by the Ministry of Land Management. Tith Khemra, director of ...

http://www.cambodiadaily.com/business/value-of-approved-construction-projects-soars-4762/

Airport Operator to Go Ahead With Expansion

Cambodia Airports said yesterday that it planned to move forward with plans to build a new security fence at Phnom Penh International Airport ahead of next month’s Asean and East Asia summits, even though its construction will result in more than 180 families being evicted. Speaking ...

Index Shows Little Progress in Gender Equity

Cambodia has made almost no progress over the past six years when it comes to gender equality, and is still the lowest-ranked country in the region, according to the World Economic Forum’s 2012 Gender Gap Index. Ranked 103 out of 135 countries surveyed, Cambodia placed last ...

http://www.cambodiadaily.com/news/index-shows-little-progress-in-gender-equality-4777/

Kratie meet pushes dolphin protection

Residents of Kratie province had an education in conservation yesterday as the government and outside partners reiterated a September sub-decree banning gill nets on a sizable stretch of the Mekong in a bid to protect the badly endangered Mekong River dolphin. Touch Seang Tana, head of the Commission ...

http://www.phnompenhpost.com/index.php/2012102559409/National-news/kratie-workshop-pushes-dolphin-protection.html

Deported home in disgrace

A Chinese woman found guilty of intentionally causing damage after tearing up photos of the late King Father was deported yesterday morning – a mere two days after the crime occurred. Wang Zia Chao, 43, who on Tuesday was given a suspended one-year prison sentence, left ...

http://www.phnompenhpost.com/index.php/2012102559412/National-news/deported-home-in-disgrace.html

More Lao land deals inked

Laos has contracted firms to build and operate another significant hydro-power plant on the Mekong River system, adding to the existing furor over potential effects on downstream countries such as Cambodia from the controversial Xayaburi dam. The contracts, reportedly worth $1 billion, are for a series of three dams making ...

http://www.phnompenhpost.com/index.php/2012102559403/National-news/more-lao-dam-deals-inked.html

Cambodia issues licenses to 2,606 new firms in 9 months, up 11 percent

Cambodia had granted operating licenses to 2,606 new companies in the first nine months of this year, a 11 percent rise from 2,336 new firms at the same period a year ago, the report of the Commerce Ministry showed Wednesday. Those companies are dealing in the ...

http://www.globaltimes.cn/content/740110.shtml

The Siam Cement PCL : Siam Cement 3Q Net Profit Falls 13% but Meets Forecasts

Siam Cement PCL’s (SCC.TH) third-quarter net profit fell 13% as higher expenses and cost of sales weighed, but the fall in earnings at Thailand’s largest industrial conglomerate by revenue was in line with analysts’ expectations. Despite the profit decline, the conglomerate said before Wednesday’s earnings statement ...

http://www.4-traders.com/THE-SIAM-CEMENT-PCL-6491597/news/The-Siam-Cement-PCL-Siam-Cement-3Q-Net-Profit-Falls-13-but-Meets-Forecasts-15418113/

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