News
Regional courts of appeal on horizon
A new system of regional appeal courts is moving closer to reality as the Ministry of Justice attempts to resolve the bottleneck of appeals in the justice system, officials said yesterday. Currently, appellants can wait up to five years or more to have their cases heard ...
http://www.phnompenhpost.com/index.php/2012070257145/National-news/regional-courts-of-appeal.html
Cambodian Workers Get Passports Back, Return Home
Fifty-eight Cambodian migrant workers, 40 of whom who were reportedly arrested and beaten by the police in Thailand’s Songkla province last month, returned to their home provinces on Saturday after their employer gave back their passports, said a worker representative yesterday. “We don’t know yet if ...
Boutique hotels rising
An increasing number of boutique hotels are appearing in Cambodia and attracting foreign investment, insiders say, including a US$2 million investment in the Governor’s House, a newly opened, 10-room boutique hotel in Phnom Penh. The number of boutique hotels in Cambodia has increased rapidly, particularly in ...
http://www.phnompenhpost.com/index.php/2012070257135/Business/boutique-hotels-cambodia.html
National Budget
In 2011, the actual amount of domestic revenue collected during the year did not reach the set target, while actual budget expenditure exceeded the planned amount. As a result, the overall budget deficit grew to 7-3 percent of GDP in 2011. For 2012 and 2013, while the execution of ...
New Cambodian rice federation elects president
The Federation of Cambodia Rice Exporters, a new government-backed association of rice exporters which aims to bring together all the players in the rice sector to boost exports, formed on June 21 and elected Kim Savuth, president of Khmer Food Co., as its first president. The election saw Kim Savuth receiving 53 of ...
ASEAN projects to receive Around 1 07 million tourists in 2015
Cambodia’s tourism minister Thong Khon said this week that ASEAN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at ...
1,100 voluntary students help land distribution and survey for local people
Samdech PM Hun Sen this week met with I, I 00 voluntary students, who will help survey the land for local people. The government set policy to offer land for real poor and landless people in a form of helping poor and social equity. ...
Cambodia releases 600,000 fry, shrimps to observe 10th National Fish Day
At least 500,000 baby fish and 100,000 young shrimps had been released into a reservoir in the Eastern part of Cambodia on Sunday to mark the 10th National Fish Day. Annual event is aimed at encouraging people to actively join forces to preserve fish species ...
http://news.xinhuanet.com/english/business/2012-07/01/c_131687674.htm
Life Insurer Manulife Opens Its Office In Cambodia
Manulife, one of the world’s leading life insurance companies, now opened its office in Cambodia after seeing that growth of midlle class of total population. Manulife financial corporation was based in Canada. Manulife Financial on June 28 announced the official opening of its head office in Phnom Penh, Cambodia and its ceremony was presided over by H.E. ...
Hundreds Protest Lao Dam Project
The Venerable Sann Leang, executive director of NGO Environmental More than 500 villagers held a march in eastern Cambodia Friday to protest a controversial dam project on the Mekong River in Laos they say is undergoing construction despite a pledge to halt progress while officials ...
http://www.rfa.org/english/news/cambodia/dam-06292012165509.html
Garment Makers Gear Up for IPOs
Two foreign-owned garment manufacturers will submit disclosure documents to Cambodia’s capital market regulator next month, the companies’ underwriter Phnom Penh Securities Firm Plc. said yesterday. The initial public offerings for the two private companies, expected by the end of the year, should boost action on the ...
http://www.phnompenhpost.com/index.php/2012062957093/Business/garment-makers-gear-up-for-ipos.html
PPWSA shuffle no surprise
Officials and securities firms yesterday showed little distress at the imminent retirement of Ek Sonn Chan, the man credited with straightening out and preparing the capital’s public water utility for its initial public offering in April. A letter from the Ministry of Industry, Mines and Energy ...
http://Phnom Penh Water Supply Authority shuffle no surprise
Cambodian villagers protest controversial Laos dam
Cambodian villagers demonstrated on Friday against a controversial Lao hydropower dam that activists say is being built in defiance of an agreement to assess its potentially damaging impact on millions of people first. About 200 villagers whose livelihoods depend on the Mekong River urged a halt ...
http://www.reuters.com/article/2012/06/29/us-cambodia-laos-idUSBRE85S0FX20120629
Rice Millers to Increase Capital
Cambodian rice millers will increase their capital to purchase unmilled rice this season as bankers agreed to provide more loans, insiders said on Monday. Baitong will increase its capital to purchase up to 140,000 tonnes of fragrant unmilled rice, compared to last year’s 70,000 tonnes said ...
http://www.phnompenhpost.com/index.php/2012062857068/Business/rice-millers-capital.html
Hun Sen Son Tapped for Land Dispute Role
Prime Minister Hun Sen’s June order that land be cut from economic land concessions and returned to displaced villagers – a move that has alternately inspired gratitude and scepticism – now has a high-profile public face: one of his sons. Hun Manith, deputy chief of Hun ...
http://www.phnompenhpost.com/index.php/2012062857077/National-news/hun-sen-son-land-dispute.html
Manulife targets Cambodia's growing middle class
Manulife Financial Corp, Canada’s largest life insurer, has set up shop in Cambodia, hoping to tap into an emerging middle class in the southeast Asian country. The move is part of the Toronto-based company’s strategy of targeting profit growth in Asia as part of its plan ...
Manulife Enters Cambodia Market With Phnom Penh Office
Manulife Financial Corp. (MFC), Canada’s largest insurer, has opened an office in Phnom Penh, Cambodia, its first in the Southeast Asian nation. Manulife has about 40 people in its Cambodian unit, the Toronto-based insurer said today in a statement. ...
http://www.bloomberg.com/news/2012-06-28/manulife-enters-cambodia-market-with-phnom-penh-office.html
Global Media Conference Yields Ideas for Cambodian Internet
Keo Kounila is Cambodian blogger who recently attend the Deutsche Welle Global Media Forum in Bonn, Germany. After meeting amid some 1,500 participants, she told VOA Khmer she had garnered new ideas to help develop Cambodia, including organizing seminars to help university students make better use ...
Equipment Seized From Plantation at Center of UK Fraud Probe
Forestry Administration officials have seized equipment valued at $1.5 million from a Banteay Meanchey province biofuel plantation, which is being investigated for fraud in the UK, company and forestry officials said yesterday. Sustainable Agro Energy’s assets were frozen in February and investigators at the U.K.’s ...
Court frees 13 Cambodian land eviction protesters
An appeals court Wednesday ordered the release of 13 women who were jailed for protesting being evicted from their homes without adequate compensation, in a case that had critics had highlighted as an example of injustice. The women cheered in the courtroom, their supporters applauded and ...
Hun Sen Lauds Land Project, Lashes Media
Decked out in camouflage military uniforms shipped fresh from Indonesia and wearing soldier’s caps emblazoned with the Ministry of Land Management’s logo, 1,100 students who have volunteered to measure land in an ambitious titling project attended a speech by Prime Minister Hun Sen yesterday. The uniformed ...
Cambodia Comforts Worried Summit
While the financial problems of Europe created a worried mood for the Group of 20 leaders at Los Cabos, Mexico, last week, a bright spot was Prime Minister Hun Sen’s representation of Cambodia’s ASEAN chairmanship, according to lawyer and government adviser Sok Siphana, who accompanied ...
http://www.phnompenhpost.com/index.php/2012062757035/Business/cambodia-comforts-summit.html
Experts Question New Trade Goal with Vietnam
Officials and experts yesterday questioned the likelihood of Cambodia and Vietnam’s proposal to hike bilateral trade by more than US$2.5 billion by 2015. The pledge of $5 billion in total trade, made by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart, Nguyen Tan Dung, last ...
PM Defends ELC Signings
Prime Minister Hun Sen has fiercely defended his right to grant economic land concessions after issuing a moratorium on the leases in May, pointing to a loophole in the ban which exempts ELCs that already had in principle approval. Hun Sen attacked the Post and the ...
http://www.phnompenhpost.com/index.php/2012062757048/National-news/pm-defends-elcs.html