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60 businessmen protest annulment of fishing lot licenses

About 60 businessmen from Kompong Cham province protested at the Agriculture Ministry yesterday over Prime Minister Hun Sen’s decision to cancel their bids to operate fishing lots. Mr Hun Sen on Friday annulled the results of an October bidding process for companies interested in operating fishing lots ...

Boeng Kak evictees protest, demand compensation

About 150 former Boeng Kak lake residents staged a protest at Phnom Penh’s Freedom Park yesterday, demanding more compensation than they initially received when they were evicted from their homes to make way for a real estate project owned by the firm of a CPP ...

Beverage firms, telcos lift revenues

Advertising companies generated $73.6 million in revenue during the first nine months of the year, a 28 percent increase compared to the same period in 2010, according to data released by marketing research firm Indochina Research. Beverage and telecommunication companies led the way, spending $12.75 million ...

Japanese mall buys swathe of prime real estate

In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...

Cambodia establishes Constructors Association

The Constructors Association (C.A.) was officially formed on October 7th with an aim to develop the country’s construction and real estate sector. The C.A. launching ceremony was presided over by Senior Minister and Minister of Land Management, Urban Planning and Construction H.E. Im Chhun Lim. ...

http://thesoutheastasiaweekly.com/

Demand for city property slowly returning

Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead ...

Real estate developers warned

Unlicensed real estate developers may find their projects blacklisted if they fail to register with the Ministry of Economy and Finance (MEF), a ministry official said yesterday. The MEF published the names of three developers in a local paper last week and has promised to warn ...

http://www.phnompenhpost.com/index.php/2011091651705/Business/real-estate-developers-warned.html

Another Worker Faints at M&V Garment Factory

Another worker fainted at the M&V International Manufacturing Ltd garment factory in Kompong Chhnang yesterday morning, sparking “hysteria” and resulting in 10 workers having to return home to rest, a union official said. Two mass-fainting incidents occurred at the factory, which produces clothes for outfitter ...

Phok Dorn and Alice Burke, P. 35
https://opendevelopmentcambodia.net/wp-content/uploads/sites/2/2017/08/30-August-2011-page-001.jpg

1st Chinese Animal Feed Mill Launches in Cambodia

Phnom Penh–The first Chinese animal feed mill officially inaugurated here on Sunday, bringing the number of the same kind of factories in the country to five, said Cambodian Minister of Agriculture. “The factory is a new achievement of good cooperation between the governments and the peoples ...

http://news.xinhuanet.com/english2010/china/2011-08/28/c_131079538.htm

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

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 ...

http://www.phnompenhpost.com/index.php/2011072150544/Special-Supplement/mortgage-lending-improving-as-real-estate-sector-slowly-returns-to-strength.html

Filipino real estate firm targets local expats

Megaworld International a Philippines-based development company is expanding its operations in Cambodia in order to attract more of Cambodia’s growing middle class. They held an exhibition in Phnom Penh to entice locals to invest in the Manila property market. There are approximately 3000 residents in ...

http://www.phnompenhpost.com/index.php/2011071150300/Business/filipino-real-estate-firm-targets-local-expats.html

Government Aims to Increase Silk Production

Cambodia’s Agriculture Ministry has announced plans to increase the annual production of silk from 4 tons to 400 tons by 2020. Cambodia primarily relies on silk from Vietnam and China. The project is entitled the Silk Rehabilitation Project and is funded by the UN Food ...

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