News
Auction closes on high note
This past Sunday afternoon, while the rest of Phnom Penh’s residents hid from the sweltering heat, a steady stream of cars and motos made their way down a long accces road, flanked by green lawn and tennis courts. Alighting at the Sofitel Phokeetra on the Tonle ...
http://www.phnompenhpost.com/index.php/2012031354992/Lifestyle/auction-closes-on-high-note.html
Lucky sells big stake to Asian retail giant
Big Asian retailer Dairy Farm Group has formed a joint venture with Cambodia’s Lucky Market Group, the operator of Lucky Supermarket and Lucky Burger, according to an announcement yesterday. LMG, which opened its first supermarket in 1993, will join a stable of brands already controlled by ...
Cambodia expects 7 pct GDP growth in 2012
Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7 % this year. The forecast is higher than that of the International Monetary Fund, the World Bank and the Asian Development Bank — all forecast at ...
http://en.ce.cn/World/Asia-Pacific/201203/12/t20120312_23150134.shtml
More Migrant Workers Losing Contact, NGOs Say
The number of families claiming to have lost contact with relatives working overseas has seen a significant increase in recent months, three human rights groups said Thursday. Local rights groups Adhoc and Licadho and the legal aid association Cambodian Legal Education Center (CLEC), said that the ...
Financing Cambodia's Muslims
Islamic finance could help to boost trade between Cambodia and the Middle East, as well as attract investment from Muslim-majority countries, experts said on Saturday. Knowledge of Islamic finance and banking, which bars interest lending and discourages unfair trade advantages, is almost nonexistent among Cambodia’s Muslims, ...
http://www.phnompenhpost.com/index.php/2012031254976/Business/financing-cambodias-muslims.html
More Than 250 Firms Hold Mining Licenses
Almost 200 mining companies currently hold government licenses to mine construction materials such as granite, or to extract minerals, while another 53 firms are licensed to explore for mineral wealth, according to a Ministry of Industry, Mines and Energy report released Friday. Among these firms, 47 ...
Angkor corruption alleged
An anonymous group on Saturday filed a corruption complaint with the Anti-Corruption Unit against senator Sok Kong’s Sokimex company’s management of the Angkor Wat temple complex. The complaint, dated March 10, alleges Sokimex has siphoned the majority of funds recouped from tourist entrance fees to the ...
http://www.phnompenhpost.com/index.php/2012031254983/National-news/angkor-corruption-alleged.html
R’kiri Villagers to March Without Permission
Rights group Adhoc said yesterday that a large-scale march in Ratanakkiri province involving hundreds of ethnic minority villagers caught in land disputes would go on as planned later this month despite the government’s refusal to approve the march. The provincial coordinator for Adhoc, Pen Bonnar, said ...
Illness strikes Borei Keila evictees
Woes continued for 26 relocated former Borei Keila residents, who fainted after vomiting and suffering diarrhoea at Tuol Sambo Village in Dangkor district’s Prey Veng commune on Saturday. Khum Khern, village chief of Tuol Sambo, told the Post that most of the villagers who had fainted ...
Farmers to Sue Rubber Company, After Land Clearing
Five cashew farmers in Ratanakkiri province will file a lawsuit against Hong An Mang Yang K Rubber Development Company today at the provincial court after the company mistakenly burned down 13 hectares of cashew trees last week, a human rights official said on Friday. With cashew ...
Gov’t, Garment Sector Silent Over Letter Urging SEZ Probe
A senior official at the Commerce Ministry and the secretary-general of the Garment Manufacturers Association in Cambodia (GMAC) were both silent yesterday regarding a letter sent to the ministry by garment buyers on Friday, urging the government to intensify its investigation of last month’s triple ...
Cambodia expects 7 pct GDP growth in 2012: Finance Minister
Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...
http://news.xinhuanet.com/english/business/2012-03/12/c_131462003.htm
Thai Border Case Weaker, Thaksin Says
Fugitive former Thai Prime Minister Thaksin Shinawatra has told Thai media that Cambodia has the stronger case in the legal dispute between the two countries over hotly disputed land around Preah Vihear temple. The comments-a first in public for a top Thai politician, past or present-come ...
Six Arrested For Crossing Laos Border
Six Cambodians, including a police officer, were arrested in Laos last week after crossing into the country illegally from bordering Stung Treng province, according to a military official. The group, which also included two women, had been foraging for plants and fishing in the jungle near ...
Border business in O'Smach
It was a big gamble for Khun Savy, travelling hundreds of kilometres and spending thousands of Thai baht for broker fees and bribes he said he paid to be smuggled into Thailand. At the O’Smach International Border Checkpoint in Oddar Meanchey province, the 29-year-old was one ...
http://www.phnompenhpost.com/index.php/2012031254987/National-news/border-business-in-osmach.html
Ministry matters: Pawnshops must apply for license
The Ministry of Economy and Finance has called on all unregistered pawnshops to apply for an operating license by March 31 or face legal action, according to a government announcement on Friday. The move follows the 2010 law that first legalised pawnshops in the Kingdom, an ...
More Migrant Workers Losing Contact, NGOs Say
The number of families claiming to have lost contact with relatives working overseas has seen a significant increase in recent months, three human rights groups said Thursday. Local rights groups Adhoc and Licadho and the legal aid association Cambodian Legal Education Center (CLEC), said that ...
Sold
Last year saw a record increase in economic land concessions and the area controlled by agro-industrial companies jumped to more than 2 million hectares nationwide, according to human rights groups who track such projects. Mining companies are also flocking to Cambodia and those already have ...
http://www.camnet.com.kh/cambodia.daily/selected_features/Carving%20Up%20Cambodia.pdf
Integration of Southeast Asian Stock Exchanges Hits Snag
Just months before stock exchanges in Southeast Asia plan to link up their trading, key players remain divided, with one top bourse official saying the region may be going through a “reality check” on the many hurdles facing further economic integration. The plan for cross-border trading ...
http://online.wsj.com/article/SB10001424052970203961204577270760343324718.html
Brands Urge Gov't to Act on SEZ Shooting
Some of the world’s largest international clothing brands, along with foreign labor protection groups, have called on the Cambodian government to intensify its investigation of last month’s triple shooting of spectators at a Svay Rieng special economic zone. Signed by several of the biggest customers ...
Leave Minimum Wage Be, Manufacturers Say
The Garment Manufacturers Association in Cambodia (GMAC) has said that there should be no discussions on raising the minimum wage until 2014, in response to a request from three garment industry unions for talks on a living wage for workers. The response, sent on Wednesday ...
Free Lunch Comes at a Cost for City Soup Kitchen Founder
Since its first day of operation in early December, the non-profit kitchen “Buckhunger” has provided nearly 22,00 lunchtime meals to hundreds of needy children and adults for free. There is no record of who comes and goes, and no condition to being fed. If you ...
Cambodia grants mine exploratory licenses to 24 firms in 2011: gov't report
Cambodia’s Ministry of Industry, Mines and Energy had issued mineral resource exploratory licenses to 24 local and foreign companies in the past year. According to the annual report of the ministry’s mineral resources department released on Friday, the firms are mostly Cambodian-owned ones and those from ...
Xinhua
http://english.peopledaily.com.cn/90777/7753471.html
Shooting suspect a governor no more
Triple-shooting suspect Chhouk Bandith has been sacked as Bavet town governor to prevent him from interfering in court proceedings, the Svay Rieng deputy provincial governor said yesterday. The high-profile suspect is accused of shooting three garment factory workers at a protest outside the Kaoway Sports Ltd ...