News
Premier has deal for 'secessionists'
An alleged accomplice of “secessionist” leader Bun Ratha has confessed and been granted immunity as a witness, Prime Minister Hun Sen said yesterday, a deal he left on the table for any of the four remaining fugitives who are willing to co-operate, including Ratha. Warrants for ...
http://www.phnompenhpost.com/index.php/2012062757047/National-news/pm-deal-for-secessionists.html
Judgment day for B Kak 13
Thirteen Boeung Kak lake women who were sentenced to two and a half years in jail on Thursday following a lawyer-free trial that lasted just three hours will appeal their convictions, their distraught supporters said yesterday. As the reality of the trial, which rights groups have ...
http://www.phnompenhpost.com/index.php/2012052856427/National-news/boeung-kak-13-to-appeal.html
Burger King Says No Plans to Open in Country
U.S. fast-food chain Burger King said yesterday that no one holds the rights to open a branch of its restaurant in Cambodia, despite job advertisements appearing online featuring the company’s logo. . “Currently, we do not have any established franchisee in Cambodia,” Tan Ching Ee, marketing ...
Property prices jump in the first half of the year
Property prices in both in Phnom Penh and the surrounding suburbs have increased around 10 percent in the first half of 2012 as more foreign investors buy up new condominiums and banks provide more housing loans, say real estate experts. After years of flat prices due to weak demand in the wake of ...
Radio Station Owner Implicated in 'Secessionist' Movement
Prime Minister Hun Sen yesterday implicated Mam Sonando, owner of the independent Beehive Radio station, in an alleged secessionist movement in Kratie province and announced the government’s intentions to arrest him. “Now, we compete with the ringleader of the Democrats Association, which created the state ...
Neglecting to conduct good market research is hurting SMEs in Cambodia
A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...
S'ville Port Likely to Miss Bourse Registration Date
An official at the Sihanoukville Autonomous Port yesterday said the state-owned firm would miss its target of registering with the Securities and Exchange Commission of Cambodia (SECC) next month, a key step before listing on the country’s nascent bourse. Ho Hongsik, director of SBI Royal ...
Garment Worker Demonstrations Pay Dividends
At the M&V International Manufacturing Factory in Kompong Chhnang province last week, 5,000 workers filed through the gates, sat behind their neat rows of sewing machines and refused to work. A year earlier, hundreds of female workers had fainted at the factory after complaining of ...
Iran invites Cambodian PM to attend Non-Aligned Movement Conference in Tehran
The Islamic Republic of Iran on Wednesday invited Cambodian Prime Minister Hun Sen to attend the Non-Aligned Movement (NAM) Conference to be held in Tehran in late September, according to officials. Meanwhile, [Hun Sen], on the bilateral ties, asked Iran to expand relations and cooperation with ...
Cambodia approves land concessions, despite ban
Cambodia’s government has ignored a suspension on new land concessions to private companies, announcements in an official publication showed, despite ordering a freeze after growing discontent over forced evictions and illegal logging. Prime Minister Hun Sen signed off on 12 sub-decrees on June 7 and 12 ...
http://www.reuters.com/article/2012/06/26/us-cambodia-land-idUSBRE85P0G520120626
Hun Sen Denies Breeching Ban on Land Concessions
Prime Minister Hun Sen has denied media reports he violated his own ban on economic land concessions, saying he only signed contracts that had been agreed upon prior to his decision. Local media have reported in recent days Hun Sen’s signature on multiple land concessions ...
Vietnam, Cambodia finally separate, together again
The official marking of the border comes as the two countries commemorate 45 years of diplomatic relations. Cambodia’s Prime Minister Hun Sen said at the ceremony he wanted the border to become “a mechanism of good friendship forever” ...
Ministry moves to create bus-monitoring prakas
A new inter-ministry prakas is planned that controls and ensures the safety of bus passengers using the Kingdom’s growing bus network, and may include monitoring the behaviour of drivers and companies prior to granting licences, Cambodian officials said. Bus companies are now controlled by Ministry of ...
http://www.phnompenhpost.com/index.php/2012062556985/Business/bus-monitoring-prakas.html
ACU donations in spotlight
Lawyers have called on Cambodia’s Anti-Corruption Unit to implement transparent reporting on monetary donations it receives from individual politicians and government groups. During an anti-corruption training session on Friday, they pointed out the incapacitating influence the ACU would face if it tried to investigate a ...
http://www.phnompenhpost.com/index.php/2012062556994/National-news/acu-donations.html
Inspiring tech entrepreneurship
The arrival of Startup Weekend in Cambodia marked a new beginning for high-tech entrepreneurship as more than 80 people worked on all kinds of new business ideas all weekend at Yellow Tower across the Tonle Sap from The Riverside. Chief Marketing Officer Joey Pomerenke of Startup ...
http://www.phnompenhpost.com/index.php/2012062556987/Business/tech-entrepreneurship.html
Villagers, Soldiers Tussle Over Land
Villagers from Chum Kiri commune in Banteay Meanchey province appealed to Prime Minister Hun Sen yesterday to intervene in a land dispute concerning roughly 30 hectares of land they say was taken by district soldiers. Doeu Chay, a representative of 25 local families, said that land ...
Job Seekers Flock to Weekend Career Forum
Employers and job seekers traded resumes for business cards by the thousands yesterday in Phnom Penh for the final day of the weekend-long 8th annual Career Forum on Koh Pich. A total of around 15,000 people attended the forum sponsored by the French Chamber of Commerce, ...
Cambodia's consumer prices decline
Consumer prices decreased month-on-month in May for the first time since statistics were available, Cambodia’s National Institute of Statistics (NIS) data showed. The 1.1 per cent drop, driven largely by lower food and gasoline prices, would be a relief to businesses and shoppers after a period ...
http://www.phnompenhpost.com/index.php/2012062556991/Business/consumer-prices-decline.html
Prisoners 'utilised' in violent eviction
Twenty convicts in Preah Sihanouk Provincial Prison were employed by military and local authorities to tear apart a nearby village on land slated for a second prison compound, villagers and rights groups alleged yesterday. However, prison authorities denied that any incarcerated people were involved in the ...
http://www.phnompenhpost.com/index.php/2012062557001/National-news/prisoners-in-eviction.html
Hun Sen grants four economic land concessions
Prime Minister Hun Sen has signed off on four more economic land concessions (ELCs), all in protected areas, despite placing a moratorium on granting such leases on May 7. Since the May 7 sub-decree, the premier has now signed off on seven concessions totalling 56,586 hectares ...
http://www.phnompenhpost.com/index.php/2012062557006/National-news/hun-sen-grants-elcs.html
The week at CSX
The price of Phnom Penh Water Supply Authority (PPWSA) stock varied only slightly between June 14 to June 21-hovering between KHR 6,600 (US$1.62) and KHR 6,700 (US$1.64). The relative stability tells investors that the stock is approaching its fundamental price, which experts say is between KHR 4,050 (US$0.99) and KHR 6,350 (US$1.56). ...
High interest rates on loans remain a big hurdle for Cambodian farmers
Sitting in front of her small house in the Chey Thorn commune of Kandal province, 35-year-old Sokhun’s face is etched with worry. She would like to plant crops on her four hectares of land, but she only has enough money to cultivate two of them. She could go to a microfinance finance institution ...
Key Viet Nam-Cambodia border marker inaugurated
The Vietnamese and Cambodian Government leaders yesterday chaired a ceremony inaugurating marker 314, the last one in numerical order on the countries’ land border. The marker is between My Duc commune, Ha Tien town, in the southern province of Kien Giang, and Russey Srok Khang Lech ...
Massive strike nearing: union
The Free Trade Union has vowed to stage a mass strike in the garment and footwear industries if its demands for an extra US$30 per month of bonuses for workers are not met, union president Chea Mony said yesterday. The union sent a letter to Minister ...
http://www.phnompenhpost.com/index.php/2012062556997/National-news/massive-strike-nearing.html