News

Road Built on School Land Draws Protest

The water company that sparked four days of protest in Prey Veng province last week has once again drawn criticism, this time from teachers in Kratie province, who say the firm is building a road across their school’s land. Forty-nine teachers at Preah Kossamak High School ...

US Dollar Drops Below 4,000 Riel With Agricultural Harvest

An increase in agricultural trading has caused the value of the US dollar to dip below 4,000 riel in the past three consecutive days, as there is now a higher demand for the Cambodian riel, money exchangers and an official from the National Bank of ...

Soybean Prices Increase as Farmers Move Away From Crop

The decreasing amount of farmers harvesting soybeans last year has limited supply and raised prices at the markets roughly 42 percent to 4,000 riel per kg, or about $1, according to an agricultural official and farmers. Cheam Chan Sorphaon, director of the provincial agriculture department in ...

Maid ‘forced to take drugs’

A mother from Kampong Chhnang’s Rolea Ba’ier district filed a complaint with the rights group Adhoc yesterday, claiming her daughter, a maid in Malaysia, was being forced to take drugs and work without enough food. Im Meoun, 52, said her daughter Phon Sophea, 20, had been ...

http://www.phnompenhpost.com/index.php/2012031555049/National-news/maid-forced-to-take-drugs.html

Boeng Kak Families Protest for More Land Titles

About 100 residents of Phnom Penh’s Boeng Kak area protested in front of City Hall yesterday to demand that 58 more families be given titles to homes from which they are being evicted. In August, Prime Minister Hun Sen ordered that a 12.44-hectare section of the ...

Beeline books $500m charge after overestimating market

VimpelCom, the Netherlands-based parent company of Cambodian mobile operator Beeline, booked an impairment charge of US$527 million on its operations in Cambodia and Vietnam, according to a 2011 company report. The impairment, or revaluation of VimpelCom’s assets in the two Southeast Asian countries, highlighted the company’s ...

http://www.phnompenhpost.com/index.php/2012031555038/Business/beeline-books-500m-charge-after-overestimating-market.html

Ex-Cambodge Soir Journalists Launch News Website

Asia-Info, an online French news site with journalists based in Cambodia and elsewhere in Southeast Asia focusing on travel and regional issues, launched on Saturday. The website is the brainchild of Jerome Moriniere and Frederic Amat, two former editors of Cambodge Soir—the weekly French-language newspaper that ...

Alleged hotel ‘ransacking’ probed

Four former workers at the Angkor Villa Hotel and Resort appeared in the Appeal Court yesterday for questioning in relation to allegations that they ransacked the hotel during a strike last year. Korng Kimlean, union president of the Cambodian Tourism and Service Workers’ Federation and the ...

http://www.phnompenhpost.com/index.php/2012031555048/National-news/alleged-hotel-ransackingprobed.html

Top officials accused by election watchdog

More than 100 high-ranking Cambodian People’s Party and Royal Cambodian Armed Forces officials were named and shamed by a Cambodian election monitoring organisation yesterday at a workshop on misuse of state property. The Committee for Free and Fair Elections in Cambodia (Comfrel) distributed a detailed list ...

http://www.phnompenhpost.com/index.php/2012031555040/National-news/top-officials-accused-by-election-watchdog.html

Consolidation on Horizon as Mobile Operators Enter Talks

Cambodia Advance Communications Ltd, operating under the brand qb, is in talks to either merge with or acquire Thai majority-owned Mfone, a senior government official said yesterday. The talks come amid recent speculation that operators in Cambodia’s oversaturated telecommunications market would have to consolidate in order ...

Court Upholds Anti-Corruption Unit Verdict

The Court of Appeal yesterday upheld a verdict sentencing the former Pursat Provincial Court prosecutor, Tob Chan Sereivuth, and two of his bodyguards to between 15 and 19 years in prison for bribery, illegal detention and extortion. Mr. Chan Sereivuth and bodyguards Ros Samnang and Chhit ...

National Census Identifies Half-Million Businesses

Cambodia has a total of 505,134 businesses supported by a workforce of 1,676,263, just 11.56 percent of the total population, according to a nationwide economic census released yesterday by the Ministry of Planning. Of the total number of people employed in the country, 1,026,084, or 61.2 ...

Hul Reaksmey and Philip Heijmans, P.1

Toll Group alleged to be leaving rail project

Australian logistics company Toll Group is allegedly pulling out of its 30-year concession to operate the Kingdom’s national railway, according to the Sydney Morning Herald. Citing “reliable sources”, an SMH report said Toll would leave its US$145 million Toll Royal Railway joint venture with Cambodia’s Royal ...

http://www.phnompenhpost.com/index.php/2012031455012/Business/toll-group-alleged-to-be-leaving-rail-project.html

Battle Over CamKo City Now in Court

A South Korean government agency and Korean investors in CamKo City are locked in an ownership dispute at the Phnom Penh Municipal Court over the half-built residential development project in Russei Keo district, according to court documents obtained yesterday. Following the collapse of the Busan Savings ...

Rubber drives agro investment

The value of approved agricultural projects in 2011 increased by more than 30 per cent compared to the year before, according to data from the Council for the Development of Cambodia. The CDC approved 24 projects worth US$724.9 million last year, $674 million of which was ...

http://www.phnompenhpost.com/index.php/2012031455013/Business/rubber-drives-agro-investment.html

PPWSA stock offering slated to outperform

The Kingdom’s first initial public offering is fast approaching, and demand is expected to be robust. Book-building, the process during which bids for the IPO are taken and a price is set for shares, ended yesterday. The final offering price is expected before the subscription for ...

http://www.phnompenhpost.com/index.php/2012031455011/Business/ppwsa-stock-offering-slated-to-outperform.html

A hard lesson in arithmetic

When Reaksmey (not his real name) was in high school two years ago, he and his classmates were urged to attend the supplementary classes taught by their teachers before and after regular school hours. For an hour before school and two to three hours after each ...

http://www.phnompenhpost.com/index.php/2012031455021/National-news/a-hard-lesson-in-arithmetic.html

Rare win for villagers in battle with tycoon

In a rare siding with villagers, government officials earlier this week rejected a proposal by tycoon Kith Meng to develop the area surrounding Boeung Prek Tub lake in Preah Sihanouk town and instead vowed to issue proper land titles to residents. ...

http://www.phnompenhpost.com/index.php/2012031455018/National-news/rare-win-for-villagers-in-battle-with-tycoon.html

Thai border bust almost snared 70

A Thai military official said yesterday 38 Cambodians arrested in Thailand on Monday were among a group of about 70 allegedly attempting to smuggle luxury rosewood out of Sisaket province. A source close to Thai defence spokesman Col Thanatip Sawangsaeng, who spoke on condition of anonymity, ...

http://www.phnompenhpost.com/index.php/2012031455020/National-news/thai-border-bust-almost-snared-70.html

Victims of SEZ Shooting Demand $95,000

Two female garment workers who were shot last month during a protest at a Svay Rieng province special economic zone (SEZ) filed a complaint with the provincial court yesterday accusing former deputy Bavet City Governor Chhuk Bundith of attempted murder. Bun Chenda, 21, and Nuth Sokhorn, ...

Cambodia and Malaysia Swap Proposals on Maid Agreement

The negotiations between Cambodia and Malaysia over a bilateral agreement on improved working conditions for Cambodian migrant maids are slowly progressing as both governments are exchanging draft agreements, according to officials from both countries. Ministry of Labor Secretary of State Othsman Hassan said that Cambodia recently ...

Villagers Torch Firm’s Shed Over Land Concession

About 400 villagers in Kratie province’s Chhlong district protested yesterday in an effort to stop Kasten agro-industrial company from building houses on contested farmland, the protesters said. The company used red paint to demarcate its boundary and started building houses on the farmland in January, said ...

Macau-Backed Casino Firm to Expand Operations in Cambodia

A Macau-backed firm plans to grow its involvement in Cambodia’s casino sector as it targets the local gambling market with gaming machines and two new casinos, the company said in a financial statement filed in the US. Entertainment Gaming Asia Inc, which currently provides gaming machines ...

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