News

Protected forest ‘is finished’

In the latest government backed appropriation of protected land, nearly 20,000 hectares of the Boeung Per wildlife sanctuary have been reclassified as state private land for agro-industrial development. Two sub-decrees, obtained by The Post this week and initialed by Prime Minister Hun Sen on July ...

http://www.phnompenhpost.com/

Bank of India looks ahead

The Bank of India will move to a larger location on Norodom Boulevard, aiming to attract increased business from both Cambodian and Indian clients, said Chief Manager Sripada Rao. The Mumbai, India-based bank first opened in the Kingdom in 2009 headquartered on the capital’s Monivong ...

http://www.phnompenhpost.com/

Tycoon’s dredging tests locals’ patience

Ruling party senator Ly Yong Phat has defied an order endorsed by the Prime Minster to halt his controversial sand dredging activities on the Tatai river in Koh Kong, prompting authorities to request intervention, documents obtained by The Post reveal. The dredging operation on the ...

http://www.phnompenhpost.com/index.php/2011081050979/National-news/tycoons-dredging-tests-locals-patience.html

World Bank fund halt irks officials

THE government expressed disappointment yesterday with the World Bank’s announcement that it had halted new country loans due to the ongoing land dispute at Boeung Kak lake in Phnom Penh and vowed to raise the issue with the bank’s executive board. “We are very dissatisfied ...

>http://www.phnompenhpost.com/index.php/2011081050948/National-news/world-bank-fund-halt-irks-officials.html

Phnom Penh Governor Says Lake Families to Get Land Titles

For the first time since Phnom Penh municipality slated some 4,000 mostly poor families for forced eviction in 2007 to make way for a CPP senator’s controversial real estate project, City Hall yesterday promised them what they have always wanted most: titles to their land. ...

http://www.camnet.com.kh/cambodia.daily/

Boat Route to Siem Reap To Reopen on August 15

Riverboat services between Siem Reap and Phnom Penh are scheduled to restart on Aug 15 after closing down in March due to low water levels in the Tonle Sap river, a port official said yesterday. Chieat Thol, deputy director of the administrative department and the ...

http://www.camnet.com.kh/cambodia.daily

Pay Off Officials, Risk Prison Stint, New Law Says

The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...

http://www.camnet.com.kh/cambodia.daily

Defiance Greets World Bank's Funding Freeze

Government officials yesterday dismissed the World Bank’s recently revealed decision to freeze funding for new projects in Cambodia to protest a Phnom Penh real estate project that has forced thousand of families out of their homes. A housing rights group closely following the evictions said ...

http://www.camnet.com.kh/cambodia.daily

Forest on the auction block

Almost 30,000 hectares of a wildlife sanctuary in Oddar Meanchey, Siem Reap and Preah Vihear provinces have been reclassified as state private land for agricultural development, drawing sharp criticism from rights groups. Four sub-decrees signed by Prime Minister Hun Sen on July 22 reclassify land ...

http://www.phnompenhpost.com/index.php/2011080950943/National-news/forest-on-the-auction-block.html

Economic Census Sheds Light on Businesses

The Ministry of Planning yesterday released the preliminary results of the 2011 economic census, which found that Cambodia has a total of 503,008 businesses nationwide, of which nearly 20 percent are based in Phnom Penh. The census, which began on March 1 and was financed ...

Microfinance Deposits and Loans Grow

Outstanding loans among micro-credit institutions increased by 6.7 percent to $505.46 million in the second quarter of this year compared to the first quarter, figures from the Cambodia Microfinance Association show. According to the data, deposits held by Cambodia’s 27 microlenders grew by 33.2 percent ...

President of Chamber of Commerce Is Re-Elected

The Cambodia Chamber of Commerce re-elected Royal Group chairman Kith Meng for his second three-year term as president yesterday. The presidents of 11 provincial chambers of commerce voted for Mr Meng, who is also president of the Phnom Penh Chamber of Commerce. ...

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