News
Vendors face eviction to beautify beach
In May Cambodia became a member of the World’s Most Beautiful Beach Club and as a result Koh Kong provincial authorities are not renewing leasing for beachfront stores and evicting those who work there. The leases are said to have expired two months ago, and ...
Supertex workers in new strike
Textile workers at the Supertex factory are considering holding another strike because their compensation demands have not been met during an Arbitration Council hearing. Previously Supertex announced it was closing its factory without having given prior notice, prompting the 1,600 works to seek arbitration. With ...
Fire trucks blamed in fainting
The mass fainting spell that affected the Hung Wah Cambodia Garment Manufacturing factory in Phnom Penh yesterday has been blamed on the lack of sleep due to fire trucks having been nearby during the night putting out a blaze. There has been some debate over ...
Army aided loggers: US Cable
A US diplomatic cable released by WikiLeaks from the Embassy in Bangkok has provided evidence that Cambodian soldiers were providing assistance and protection to loggers along the Thai-Cambodian border. Some of the loggers were killed in clashes with Thai troops. The allegations have been denied ...
http://www.phnompenhpost.com/index.php/2011072250578/National-news/army-aided-loggers-us-cable.html
Beer girl exploitation revealed
The exploitation of women who work as beer promoters is soon to be exposed in a report that is going to be released by Care Cambodia and the Solidarity Association of Beer Promoters in Cambodia. The report will include first had accounts and interviews of ...
Koh Kong king halted
Ly Yong Phat and his company LYP Group have been ordered to cease all dredging operations on the Tatai river pending a review of the effects by the Ministry of Water Resources and Meteorology. LYP Group currently has a permit to dredge seven areas of ...
http://www.phnompenhpost.com/index.php/2011072250582/National-news/koh-kong-king-halted.html
Mortgage lending improving as real estate sector slowly returns to strength
Mortgages are increasingly being used by home buyers in Cambodia according to experts. Commercial banks had slowed direct loans to property development in the wake of the 2008 global financial crisis, though mortgage lending has increasingly filled the space, said National Valuers Association of Cambodia ...
Price tag set for railway link to Vietnam border
The rail link to Vietnam from Cambodia has been estimated at $686 million dollars. The link would finally connect Singapore to Kunming, China. The $686 million does not include compensation for those who link along the proposed railway locations and no funding has been confirmed ...
Dam worker beats odds to survive
Through a concerted effort on part of the surgical staff at Calmette hospital, Touch Daro, a worker at the Kamchay hydropower dam will survive his injuries. An industrial drill bit went through his back and out his bottom whilst he was working on the dam. ...
Battambang districts facing drought
Four districts and over a thousand families are facing a drought in Battambang province. More rain is needed as approximately 70 percent of the province’s 250,000 hectares of rice paddies have been planted. Ministry of Agriculture, Forestry and Fisheries chief of the rice department Ngin ...
Oil dispute optimism
A solution to the Overlapping Claims Area (OCA) in the Gulf of Thailand may be at hand due to the election of Puea Thai. Petroleum companies are said to to be ready to explore the region, an area of more than 27,000 square kilometers. A ...
http://www.phnompenhpost.com/index.php/2011072150552/Business/oil-dispute-optimism.html
Dragon Capital plans equity fund in Vietnam, region
20 per cent of a planned equity fund by Dragon Capital will be invested in Cambodia and Laos according to Bill Stoops, chief investment officer. The fund is called Dragon Capital Third Wave Fund and is based in Ho Chi Minh City, Vietnam. The fund ...
Cambodia’s airports see growth in 2011
There has been a 13 percent increase to Cambodia’s two international airports since the beginning of the year. The USA, China, South Korea and Vietnam along with Japan were the key factors in this growth. The government’s attempts to attract visitors and investors is cited ...
Prices for Land at 2009 Levels, Report Shows
ASEAN Valuers Association have reported that property prices in Cambodia have not changed since 2009. Property prices in Phnom Penh are 2 percent lower than they were in 2009. CEO of Bonna Realty Group Sung Bonna has said that investors should take advantage of low ...
Illegal Mobile Phone Services Targeted by Telecom Ministry
Illegal Thai mobile phone services have been ordered by the Ministry of Post and Telecommunications to cease their services inside of Cambodia. The services are being relayed as far as 100km within the border of Cambodia through a series of illegally constructed cell towers. qb ...
Cambodia on Long Road to Freedom From Corruption, Bank Says
The Asian Development Bank (ADB) has called corruption a “fundamental concern” for Cambodia even with the Anti-Corruption Unit (ACU) celebrating 10 months since its inauguration. The ADB’s Country Governance Risk Assessment Report and Risk Management Plan which is to be released soon calls for capacity ...
Crops in Peril Amid Provinces’ Ongoing Drought
Rice growing provinces such as Battambang, Kandal and Takeo are suffering a drought as monsoon rains have not affected the areas. Harvests are expected to fail or fall short of expectations if rain does not fall on the farmland within the next few weeks. 2,000 ...
Ministry Takes First Step Toward Smoking Ban
The Ministry of Tourism has asked bars, restaurants and hotels to ban smoking within their establishments in order to promote a better environment, health and reduce poverty. Tourists will feel safer according to deputy director Sam Chanren if there is a smoking ban. The directive ...
P Vihear Concessions Raise Fears of Disputes
Earlier this month Prime Minister Hun Sen approved five more economic land concessions totally 44,780 hectares in the Preah Vihear province. Largely distributed to agri-business companies there is fear that the concessions will lead to deforestation. Heng Roy International, Heng You International, Lan Feng International, ...
Cambodian Air Arrivals Eclipse 2007 Numbers
The number of people arriving in Cambodia through the nation’s airports has passed the 2007 number for the same period, providing proof of recovery from the financial crisis. The levels reached 1.8 million passengers for Siem Reap and Phnom Penh international airports. Traffic through Cambodian ...
OZ Minerals Future in Cambodia Still Unclear
OZ Minerals, the Australian mining company is reviewing its assets in Cambodia and is so far not planning any further work in the country. Their assessment of gold reserves in the country will be updated by the end of the year at which time the ...
Bank’s Plan Greeted With Skepticism
A 10 year strategic plan designed to ensure financial stability in Cambodia has been released by the central bank to much skepticism. The $700,000 study sponsored by the Asian Development Bank (ADB) is said to be short on details even though it calls for the ...
Complaints Submitted in K Chhnang Land Dispute
A development company owned by the wife of the Minister of Industry, Mine and Energy Suy Sem has been the target of 40 civil complaints received by the provincial court of Kompong Chhnang province. Chea Kheng claims she owns the 214-hectare plot of which 69 ...
US Cables Say Sesan River Had No Warning System for Floods
WikiLeaks has recently released US diplomatic cables that show that the there was no warning system along the Sesan river in Ratanakkiri province for floods in 2007. There have been many complaints by the communities along the river of the floods caused by dams along ...