News

Cambodia eyes solar future for rural power

Cambodian officials yesterday touted the potential for green energy to meet its goal of bringing electricity to 100 percent of households by 2020. The Kingdom was looking to develop solar energy, small-scale hydropower and biomass-fuelled power to meet the target, said Ministry of Industry, Mines and ...

http://www.phnompenhpost.com/index.php/2011072950712/Business/cambodia-eyes-solar-future-for-rural-power.html

Vattanac: A Tale of Two City Developments

Vattanac may still be a family business, but a symbol of its big aspirations can be seen emerging from Phnom Penh’s skyline on Monivong Boulevard, where the company is building a 38-story tower that will house its headquarters next year. The tower, which was designed ...

Environment Minister Defends Concessions

Environment Minister Mok Mareth yesterday defended the recent surge of economic land concessions granted by his ministry inside the country’s enviornmental conservation areas, saying that they would do more to help the areas than hurt them. Mr Mareth’s comments came while responding to questions at ...

City to Assess Damage to Riverside Buildings

Daun Penh district deputy governor Sok Penhvuth said yesterday that he had ent Phnom Penh Municipality a time line of events at a Vattanac Properties construction project that has severely damaged buildings along Phnom Penh’s Sisowath Quay. The report was sent ahead of the creation ...

Planned Multimillion-Dollar Sugar Plantation Suspended

Mong Reththy Group has suspended a $115 million sugar plantation project that has been three years in the works, CPP Senator Mong Reththy said yesterday. According to Mr Reththy, the suspension is due to “internal” issues facing the French partner in the project, Groupe Sucres ...

CPP Senator’s Sugar Plantation Land Dispute Case Goes to Trial

Describing a 5,000-hectare land dispute between Koh Kong villagers and a sugar company owned by CPP Senator Ly Yong Pgat as “a complicated case,” Koh Kong Provincial Court has decided to try it before a three-judge panel, a lawyer for the villagers said yesterday. The ...

Cambodian Rubber Exports Increase 84%

Rubber exports from Cambodia increased 84 percent in the first six months of 2011 compared to the same period last year, according to figures released by Camcontrol, the government’s import-export inspection agent. Cambodia exported 21,511 tons of rubber, worth $102 million, during the first half ...

Crocodile Farmers Plagued by Volatile Market

Crocodile farmers are feeling the pinch after a year of volatile crocodile prices and market demand. Despite the spike in crocodile prices late last year – which followed on the heels of worrying lows between 2005 and 2007 – demand for the live exports of ...

Kratie land dispute meet

Local authorities told residents of Kratie province’s Snuol district that they would not allow a private company to plant crops on their land during a meeting yesterday. Poeng Vin, chief of Pi Thnou commune, said that local authorities would measure land belonging to hundreds of ...

http://www.phnompenhpost.com/index.php/2011072850687/National-news/kratie-land-dispute-meet.html

Inside look at ‘fainting’ factory

After a three-day standstill at a Puma supplier, shoemakers returned this morning to the factory floors in Phnom Penh where 49 workers reportedly fell ill Monday morning. Huey Chuen factory Assistant General Manager Zhang Hanchang – who led reporters from The Post through the empty factory ...

http://www.phnompenhpost.com/index.php/2011072850686/National-news/inside-look-at-fainting-factory.html

Fears over island fish stocks

Villagers on Koh Kyong island in Preah Sihanouk province are preparing a complaint over more than 300 allegedly unlicensed fishermen who they say are illegally operating in local waters. Loung Bunny, chief of the Association for Natural Protection in Ochroy commune, said yesterday  that fishermen from ...

http://www.phnompenhpost.com/index.php/2011072850679/National-news/over-fishing-fears-over-island-fish-stocks.html

Armed police crack down on protest

Three women were slightly injured while participating in a strike of about 500 workers outside the Zongtex Garment Factory in Phnom Penh’s Dangkor district yesterday, a union representative said yesterday. Suos Sokha, head of the Rights and Profit Workers Federation of Trade Unions, said yesterday the ...

(By Tep Nimol, pg. 6)
http://www.phnompenhpost.com/index.php/2011072850683/National-news/armed-police-crack-down-on-protest.html

North Koreans talk rice

North Korea aims to import rice from Cambodia, as well as explore for mineral resources, officials said yesterday. High-ranking officials from Pyongyang met with their Cambodian counterparts in Phnom Penh yesterday, signing agreements on economic and trade cooperation.The two countries had signed seven cooperation agreements beginning ...

(By Vong Sohkeng, pg. 7)
http://www.phnompenhpost.com/index.php/2011072850685/Business/north-koreans-talk-rice.html

Construction material imports on the increase

A return to work on larger construction projects in Cambodia is leading to an increase in the impartation of construction materials, experts said yesterday. Cambodia’s construction materials are generally imported from China, Vietnam and Thailand, and also as far afield as Europe, said Khuon Savuth, Statistics ...

http://www.phnompenhpost.com/index.php/2011072850681/Business/construction-material-imports-on-the-increase.html

Investment accounts open

Several securities firms are opening accounts, even as the first listing on the Cambodia Securities Exchange are not expected until later this year, company officials said yesterday. The CSX was launched on July 11 without any listed firms, though state-owned Telecom Cambodia, Phnom Penh Water Supply ...

http://www.phnompenhpost.com/index.php/2011072850678/Business/investment-accounts-open.html

Cambodia’s construction approvals soar

Construction approvals granted by government authorities have increased 93 percent in the first six months of the year, compared to the same period last year, figures show. Some 1,079 potential projects worth US$637.7 million were given the go-ahead in the January to June period, compared with ...

http://www.phnompenhpost.com/index.php/2011072850677/Special-Supplement/cambodias-construction-approvals-soar.html

Police Seize Equipment at Sisowath Quay Site

Vattanac Properties’ construction equipment has been seized by the police after the firm ignored an order to cease work as it has damaged adjacent historic buildings while digging. The work began in mid-April and Vattanac was in the process of removing soil in order to ...

Vietnamese Company Breaks Ground on Plant

A Vietnam Electrical Equipment Corporation subsidiary has broken ground on a new factory to be built in the Phnom Penh Special Economic Zone (PPSEZ). THIBIDI is building a $1.5 million factory in order to manufacture transformers and will employ approximately 150 people. The plant is ...

Cracks Put Future of Historic Buildings in Doubt

Running down the middle of Mak Sitha’s newly renovated fashion boutique in Phnom Penh is a crack that is splitting her floor tiles in two. Yesterday, part of the floor at Lady Penh Designs began to cave into the ground. Like several other business and ...

Cigarette Promoters to Lose Jobs After Tobacco Ad Ban

Cigarette promoters will have to stop work when a tobacco advertisement ban takes effect in late August, a health official said yesterday. A February sub-decree, which also bans advertising tobacco in the media and on billboards, states that the “promotion of tobacco products to customers ...

Riverside Buildings Damaged Amid Construction

Construction on Sisowath Quay by Vattanac Company has damaged an entire block of buildings after soil was removed from the site in order to shore up the sides with concrete. 11 families have been asked to move temporarily while the situation is remedied. The Foreign ...

Mekong Dam Construction Halted, Laos Says

Construction  of the 1,260 megawatt Xayaburi dam on the Mekong river has been suspended after a meeting between the USA, Cambodia, Thailand, Vietnam and Laos. A report from the Mekong River Commission (MRC) has been leaked showing that construction was begun on the dam without ...

Cables From Bangkok, Phnom Penh Show Varying Analyses

According to diplomatic cables released by WikiLeaks US officials in Bangkok believed that Prime Minister Hun Sen’s decision to name former Thai premier Thaksin Shinawatra as an economic adviser in 2009 backfired after it increased support of the opposition. The Premier at the time of ...

Puma’s new dizzy spell

Puma, the sportswear company, has said that it is taking the outbreak of fainting spells at its suppliers “very seriously.” The company is taking measures after a report by the Fair Labour Association found that breaches in labour laws had contributed to some 300 workers ...

http://www.phnompenhpost.com/index.php/2011072650626/National-news/pumas-new-dizzy-spell.html

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