News

Border stop to get traffic increase

Cambodia and Vietnam have agreed to increase the number of vehicles permitted to travel through the Trapeang Sre border gate in Kratie province, aiming to boost cross-border commerce and tourism. The agreement allows 300 vehicles from each country to register to pass freely through the ...

http://www.phnompenhpost.com/index.php/2011080150775/Business/border-stop-to-get-traffic-increase.html

Microfinance up on agriculture advance

The Kingdom’s growing agricultural sector is leading to more loans and deposits at microfinance institutions. The small-scale lenders also credit the boost in Cambodia’s agro-industry for declining non-performing loans rates. The MFI’s lending totalled $51 million to 4,900 borrowers at the end of June, whiles ...

http://www.phnompenhpost.com/index.php/2011080150777/Business/microfinance-up-on-agriculture-advance.html

Minister urges ties with Asian nations

Cambodia must further integrate with its East Asian neighbours for future economic development, said Minister of Economy and Finance Keat Chhon. The financial crisis highlighted the need to diversify production, and Asia’s markets are ripe for increased Cambodian exports, he said. Speaking at the 7th ...

http://www.phnompenhpost.com/index.php/2011080150774/Business/minister-urges-ties-with-asian-nations.html

Smart in internet launch

SMART Mobile yesterday announced the official launch of its 3.75G data service, a key part of the company’s strategy to capture Cambodia’s burgeoning mobile internet market. The firm estimated its 3.75G would allow for data download speeds of up to 21 megabits per second and ...

http://www.phnompenhpost.com/index.php/2011080150773/Business/net-surfing-smart-in-internet-launch.html

About 400 Chickens Inspected for Bird Flu

About 400 chickens suspected of being infected with bird flu were culled Friday in Banteay Meanchey province’s Monkol Borei district after a died of the virus less than two weeks ago, officials said. Meanwhile, last week the Agriculture Ministry reported that H5N1, or avian influenza, ...

Police warn beer protestors

Police have told beer promoters protesting outside Cambrew Ltd. offices in Phnom Penh to quiet down as their strike goes into the third day. The strikers who promote Angkor Beer are asking that the brewery honor a decision by the Arbitration Council to award them ...

http://www.phnompenhpost.com/index.php/2011072850689/National-news/police-warn-beer-protesters.html

Villagers summoned to court

Three villagers who were part of a protest over a land dispute with the Meng Keth Company have been summoned to court for questioning over alleged violence during the protest. The land dispute is over 65 contested hectares of land that was granted to the ...

http://www.phnompenhpost.com/index.php/2011072850690/National-news/land-dispute-villagers-summoned-to-court.html

Tycoon lands surprise

Mong Reththy, former advisor to Prime Minister Hun Sen has said that investors should use local residents on their land concessions rather than evicting them and hiring outsiders. According to a US diplomatic cable released by WikiLeaks Mr. Reththy is “Hun Sen’s Money Man” and ...

http://www.phnompenhpost.com/index.php/2011072850694/National-news/tycoon-lands-surprise.html

Digging up trouble at riverside work site

Work supposedly began again at a construction site along Sisowath Quay after authorities had put a stop to it the day before due to damage being caused to surrounding buildings. 11 families have been evacuated as a result and local business have had their properties ...

http://www.phnompenhpost.com/index.php/2011072850693/National-news/digging-up-trouble-at-riverside-work-site.html

Length of Time Taken to Export Goods Declines

The time it takes to export goods has fallen 40 percent according to the UN. Southeast Asia has seen an improvement in the average time it takes for trade procedures to be completed, dropping to 19 days, though this is still three times longer than ...

Banking Sector Sees Strong Growth in 2011

Earnings from two of Cambodia’s banks have shown growth within the sector for the first six months of 2011. Acleda Bank and Cambodian Public Bank Plc, have had their profits rise to $21.7 million and $13.4 million respectively. The banks have grown as a result ...

Protesting Beer Promoters Say Company Threatened Firings

According to more than 30 Angkor Beer promoters who are protesting Cambrew Ltd’s failure to comply to an Arbitration Council ruling, the company has threatened them with firings. The protestors plan on continuing the strike until the company meets their demands. The Cambodian Food and ...

Villagers’ Farmland Privatized for Military Use

3,800 hectares of forest in Oddor Meanchey province have been privatized for use by the Royal Cambodian Armed Forces (RCAF). Families are facing eviction and the loss of their land after the seizures though some of the land was originally designated state public property. The ...

Evictees Miss Second Season of Rice Farming

Villagers who were evicted by security personnel in order to make way for Tan Bien-Kompong Thom Rubber Company have missed another growing season as they have not been given land original promised by the government. They were original promised one hectare of land each before ...

Cambodia, N Korea Look to Forge Trade Ties

North Korea and Cambodia have attempting to increase trade between the two nations with Cambodia exporting rice and North Korea exporting knowledge. North Korea is set to share its knowledge of small scale hydropower and mining expertise in exchange for rice, beans and corn imports. ...

Power Grid Key to Development

According to the Asian Development Bank (ADB) the regional and national power grids are key to development, though plans for their development have come under criticism by a number of NGOs who believe that power generation should be decentralized. The ADB’s Greater Mekong Subregion program ...

K Speu Court Summons Three in Land Dispute

Three villagers have been summoned as a result of  bloody clash last year stemming from a land dispute and eviction by the Kompong Speu Provincial Court. The 65 hectares of land have been awarded to Kuo Sheng a Taiwanese businessman by the Supreme court. Licadho, ...

Officials Fear Collapse of Riverside Buildings

Ministry of Land Management officials have said that colonial-era buildings along Phnom Penh’s riverside could collapse as a result of damage received from construction next door. The buildings along the Sisowath Quay could be in an even more perilous position as a result of the ...

Vietnam businesses eyeing the Kingdom

Vietnam businesses are looking to invest in Cambodia but are faced with a shortage of skilled labor and high transportation costs. The Oversea Entrepreneur Forum in Phnom Penh saw over 100 firms meet to discuss potential partnerships.  It has also been said that further cooperation ...

http://www.phnompenhpost.com/index.php/2011072750651/Business/vietnam-businesses-eyeing-the-kingdom.html

Farmers freed after ‘injustice’

The last of the Chi Kraeng villagers has been freed by the Appeal Court after it upheld their acquittal. The villagers had originally been convicted of forcibly detaining two businessmen over a land dispute involving 475 hectares of rice paddies in Siem Reap in 2009. ...

http://www.phnompenhpost.com/index.php/2011072750665/National-news/farmers-freed-after-injustice.html

Pyongyang trade push

North Korea officials have arrived in Cambodia with the intent of establishing a trade relationship, particularly with regards to agriculture. Foreign Affairs Minister Hor Namhong met with Deputy Trade Minister Ri Myong San from the Democratic People’s Republic of Korea (DPRK). Opinions have been mixed ...

http://www.phnompenhpost.com/index.php/2011072750655/Business/pyongyang-trade-push.html

Court issues injunction to top rice milling firm

Battambang provincial court has issued an injunction halting the sale of any part of Loran Import Export Company in a dispute over ownership of the prominent rice milling firm, according to a statement. The plaintiffs, including prominent media personality Soy Sopheap as well as Uy Ang ...

http://www.phnompenhpost.com/index.php/2011072750652/Business/court-issues-injunction-to-top-rice-milling-firm.html

Rainfall relieves drought for Battambang farmers

Cambodia has met 82 percent of its expected 250,000 hectares of cultivated rice after rains have relieved the drought struck province of Battambang. 400 hectares is all that remains still at risk, a small section of the 10,000 rice growing hectares in the province.  According ...

http://www.phnompenhpost.com/index.php/2011072750658/National-news/rainfall-relieves-drought-for-battambang-farmers.html

Migrant workers delayed

The Association of Cambodian Recruitment Agencies (ACRA) has delayed in sending 2,000 Cambodians to Qatar due to a lack of information about safety. The Ministry of Labour of Qatar has provided insufficient information regarding worker safety according to An Bunhak, the ACRA director. ACREA intends ...

http://www.phnompenhpost.com/index.php/2011072750659/National-news/migrant-workers-delayed.html

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