News

Apsara takes on tycoon in land row

The Apsara Authority yesterday demarcated some of its land in Siem Reap town’s Slakram commune to prevent encroachment by a development tycoon. ...

Khmer Times
http://www.khmertimeskh.com/50101348/apsara-takes-tycoon-land-row/

Fake monks arrested in Siem Reap

Police in Siem Reap province yesterday arrested 20 boys and young men pretending to be Buddhist monks in order to beg for money.Huot Sothy, deputy provincial police chief overseeing criminal offences, said officers had followed the group for a while before getting permission to crack ...

Niem Chheng
http://www.phnompenhpost.com/national/fake-monks-arrested-siem-reap

Ex-deputy PM Lay Sreng called in to court for defamation

Former Deputy Prime Minister Lu Lay Sreng, who has been abroad since October, has been summonsed to appear in Phnom Penh Municipal Court for a defamation hearing on January 25. Lay Sreng, 77, was sued for defamation by his former party, Funcinpec, and Prime Minister ...

Niem Chheng
http://www.phnompenhpost.com/national/ex-deputy-pm-lay-sreng-called-court-defamation

China to provide 100 Cambodian children with free heart surgery in 3 years

China will provide 100 Cambodian children who have congenital heart disease with free surgery in three years in a program called “China-Cambodia Love Heart Journey.” The program was inaugurated on Jan 11 by visiting Premier Li Keqiang and his Cambodian counterpart Samdech Techo Hun Sen ...

Mu Xuequan
http://www.xinhuanet.com/english/2018-01/11/c_136888925.htm

RDB loans $30M to boost rice purchases

The government has provided $30 million in loans to rice millers since September to facilitate the purchase of paddy rice, with the head of a state-run bank saying more money was available if necessary. The loans were issued to 38 rice millers by the state-owned ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rdb-loans-30m-boost-rice-purchases

Lightning strikes kill two as return of colder temps predicted

Two people were killed and one injured in three separate lightning strikes in Pursat and Prey Veng provinces on Monday, according to the National Committee for Disaster Management. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/lightning-strikes-kill-two-return-colder-temps-predicted

Analyst Kim Sok's bail request denied at Supreme Court

Outspoken government critic Kim Sok was rejected bail at the Supreme Court this morning, with the prosecutor arguing that to grant Sok early release from an 18-month prison sentence would cause “chaos” in society. ...

Mech Dara
http://www.phnompenhpost.com/national/analyst-kim-soks-bail-request-denied-supreme-court

Aid boost for customs development

The Japanese government on Tuesday pledged to donate two patrol boats to the General Department of Customs and Excise. The announcement was made in a meeting between Economy Minister Aun Ponmonirath and Iizuka Atsushi, director-general of Japan’s Customs Bureau. ...

Ven Rathavong
http://www.khmertimeskh.com/50101351/aid-boost-customs-development/

Monovithya appeals to US officials

Kem Monovithya, the daughter of jailed opposition leader Kem Sokha and a CNRP official, met with United States officials yesterday to discuss the possibility of further sanctions on the Cambodian government if measures taken in an ongoing political crackdown are not reversed. ...

Andrew Nachemson and Ben Sokhean
http://www.phnompenhpost.com/national/monovithya-appeals-us-officials

Bag firm plans to grow local operations

Wah Sun Handbags International Holding unveiled plans yesterday to expand its Cambodia operations, citing the country’s low labour costs as the primary reason for the move. In a filing on the Hong Kong Stock Exchange, the handbag manufacturer announced plans to raise up to $18 ...

Hor Kimsay
http://www.phnompenhpost.com/business/bag-firm-plans-grow-local-operations

Hundreds of truck owners fined

More than 300 overloaded trucks were fined nearly $135,000 last month, causing the Transport Ministry to call for stricter action to protect the country’s roads.A Transport Ministry report said a committee comprised of ministry officials and law enforcement officers seized 307 overloaded trucks, resulting in ...

Pav Suy
http://www.khmertimeskh.com/50101342/hundreds-truck-owners-fined/

Chinese firm invests in forest

A little-known Chinese company is investing $200 million in a massive timber plantation in Stung Treng that the government has equated to “replanting the forest”, despite concerns among environmental protection groups that existing forest will be destroyed in favour of non-native commercial species. ...

Phak Seangly
http://www.phnompenhpost.com/national/chinese-firm-invests-forest

China makes five proposals on securing shared future for Lancang-Mekong

Premier Li Keqiang on Wednesday called on five nations living on the Lancang-Mekong River to consolidate political will and deepen economic ties to promote regional peace and sustainable development. China is willing to work with others to strengthen the Lancang-Mekong Cooperation (LMC) as China benefits ...

Xinhua
http://www.xinhuanet.com/english/2018-01/11/c_136886297.htm

Economy to grow at 6.9 percent in 2018, NBC

The economy will grow by 6.9 percent this year, according to projections from the National Bank of Cambodia (NBC), spurred by the robust performance of the tourism, construction and garment sectors. ...

May Kunmakara
http://www.khmertimeskh.com/50101290/economy-grow-6-9-percent-2018-nbc/

Partnership with US university for better cassava

Agriculture Minister Veng Sakhon met on Monday with visiting US professors W. Ronnie Coffman and Max J. Pfeffer from Cornell University to discuss cooperation in a new project whose purpose is to yield disease-resilient, high yielding cassava. ...

Sok Chan
http://www.khmertimeskh.com/50101289/partnership-us-university-better-cassava/

China and Mekong states sign 5-year plan for cooperation, but details remain undisclosed

The leaders of Cambodia, Vietnam, Myanmar, Thailand and Laos, along with Chinese Premier Li Keqiang, announced the adoption of a five-year plan for cooperation on matters relating to the Mekong River, though experts and observers yesterday questioned who would benefit from China’s increasing involvement in ...

Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/china-and-mekong-states-sign-5-year-plan-cooperation-details-remain-undisclosed

Japanese companies to repair National Road 5

Two Japanese companies will repair a 135-kilometre stretch of National Road 5 from Phnom Penh to Pursat province in order to maintain the Asian Highway. The Ministry of Public Works and Transport and the construction companies held a signing ceremony for the road improvement project ...

Sen David
http://www.khmertimeskh.com/50101352/japanese-companies-repair-national-road-5/

Workers to hawk factory machines

More than 500 workers from the Benoh Apparel factory in Meanchey district’s Stung Meanchey commune yesterday agreed to sell the remaining machines in the factory to cover their lost pay after the owner went bankrupt and fled the country. ...

Sen David
http://www.khmertimeskh.com/50101011/workers-hawk-factory-machines/

Chinese, local firms sign agricultural deals worth $526M

More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...

Post Staff
http://www.phnompenhpost.com/business/chinese-local-firms-sign-agricultural-deals-worth-526m

Cambodia finds new target for real estate: Chinese investors

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

Chris Horton
https://www.nytimes.com/2018/01/09/business/cambodia-real-estate.html

Inflation in 2017 low and ‘manageable’

Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods, with the National Bank of Cambodia (NBC) saying the low inflation rate was a product of sound macroeconomic management. ...

May Kunmakara
http://www.khmertimeskh.com/50100904/inflation-2017-low-manageable/

On the lookout for US taxpayers in Cambodia

The General Department of Taxation called last week on banks, insurance companies and microfinance institutions (MFIs) to accurately report the taxpayer identification numbers (US-TIN) of clients with US citizenship. ...

Chea Vannak
http://www.khmertimeskh.com/50100906/lookout-us-taxpayers-cambodia/

Chinese companies playing active role in Lancang-Mekong Cooperation

Since the establishment of the Lancang-Mekong Cooperation (LMC) mechanism less than two years ago, many Chinese companies have been active players in the cooperation, greatly boosting regional development in the six riparian countries. Jiang Zengwei, chairman of the China Council for the Promotion of International ...

Fei Liena, Lu Juan, and Mao Pengfei
http://www.xinhuanet.com/english/2018-01/10/c_136885593.htm

Villagers asked to vacate national park

Koh Kong provincial authorities on Monday ordered 40 families living in Botum Sakor district to vacate their land and homes after it was determined they were illegally occupying a national park.​ On Friday, authorities went to inspect Botum Sakor National Park and found 40 families ...

Sen David
http://www.khmertimeskh.com/50101013/villagers-asked-vacate-national-park/

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