News

MEF and USAID launch transparency initiative

USAID and the US Treasury Office of Technical Assistance (OTA) have launched a joint initiative with the Ministry of Economy and Finance (MEF) to improve fiscal transparency and accountability in the management of public finances, according to a press release issued yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/mef-and-usaid-launch-transparency-initiative

Vathana ‘partner’ no fan of prime minister

A notorious fraudster with whom Justice Minister Ang Vong Vathana allegedly had a business relationship has turned out to be a violent critic of Prime Minister Hun Sen.     ...

Jack Davies
http://www.phnompenhpost.com/national/vathana-partner-no-fan-prime-minister

ABA bank gets capital boost

With a $148 million injection of capital through a Share Purchase Agreement, National Bank of Canada (NBC) now holds a 90 percent stake in ABA Bank, according to ABA and NBC executives, who ensured that the agreement will not alter ABA Bank’s strategy but enhance ...

Sum Manet
http://www.khmertimeskh.com/news/24800/aba-bank-gets-capital-boost/

Logistics committee to be established

To help improve the logistics sector, the Ministry of Public Works and Transportation has announced it will set up the Logistics Committee, which will work to improve the flow of goods in the Kingdom. ...

Chea Vannak
http://www.khmertimeskh.com/news/24801/logistics-committee-to-be-established/

Up to 1,000 hectares of flooded forest threatened

About 1,000 hectares of flooded forest in Preah Sihanouk’s Prey Nup district, all of which is overseen by the provincial fisheries department, is under threat of being systemically divided and sold to a private company, according to officials. ...

Pav Suy
http://www.khmertimeskh.com/news/24808/up-to-1-000-hectares-of-flooded-forest-threatened/

Prime minister bans color-coordinated demonstrations

The potential for color to serve as a rallying point for a political insurrection has not been lost on Prime Minister Hun Sen over the years, with the premier repeatedly inveighing against Eastern European-style “color revolutions.” ...

Kuch Naren and Alex Willemyns
https://www.cambodiadaily.com/news/prime-minister-bans-color-coordinated-demonstrations-112434/

Group demands Don Sahong investigation

An environmental youth group has asked the National Assembly’s head of the Environment and Water Resource Commission, Pol Hom, to visit and investigate the pollution that will be caused by construction of Laos’ Don Sahong hydropower dam. ...

Ven Rathavong
http://www.khmertimeskh.com/news/24811/group-demands-don-sahong-investigation/

ACU to send officials to S. Korea to investigate ambassador case

The Anti-Corruption Unit (ACU) will send officials to South Korea next month to further investigate the case of former ambassador Suth Dina, who was arrested and detained at Prey Sar prison early last month on corruption charges. ...

Mom Kunthear
http://www.khmertimeskh.com/news/24813/acu-to-send-officials-to-s--korea-to-investigate-ambassador-case/

PM to meet Russian president next week

Prime Minister Hun Sen will pay an official visit to the Russia Federation next week, where he will have a bilateral meeting with Russian president Vladimir Putin. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/24806/pm-to-meet-russian-president-next-week/

Panama papers link Justice minister to fraudsters

Two convicted Cambodian-American fraudsters were named among five shareholders, including Justice Minister Ang Vong Vathana, in a shadowy offshore company based in the British Virgin Islands in the latest trove of “Panama Papers,” which were released on Tuesday.   ...

Taylor O'Connell and Khy Sovuthy
https://www.cambodiadaily.com/news/panama-papers-link-justice-minister-to-fraudsters-112429/

PM signs off on protected forests

Prime Minister Hun Sen has signed a sub-decree to mark 18 protected areas over nearly three million hectares of land across Prey Lang forest, according to a Ministry of Environment statement released yesterday. ...

May Titthara
http://www.khmertimeskh.com/news/24817/pm-signs-off-on-protected-forests/

Seized timber to be auctioned

Prime Minister Hun Sen yesterday confirmed official announcements made on Monday that about 70,000 cubic meters of timber confiscated by the National Anti-Deforestation Committee (NADC) would be put up for auction, reneging on his previous statement that the timber would go to the Education Ministry ...

May Titthara
http://www.khmertimeskh.com/news/24814/seized-timber-to-be-auctioned/

Firm poised to be first licensed derivatives broker

Six months since Cambodia’s market regulator officially launched derivatives trading in Cambodia, Phnom Penh Securities Plc is poised to become the first local securities firm to legally trade the complex and little-understood financial instrument. ...

Kali Kotoski
http://www.phnompenhpost.com/business/firm-poised-be-first-licensed-derivatives-broker

Hun Sen orders timber sale because teachers can’t move it

Prime Minister Hun Sen on Tuesday retracted an order to use all illegally logged wood seized by the government to build schools and housing for teachers, arguing that they would struggle to carry the wood out of the forest.   ...

Kuch Naren and Aun Pheap
https://www.cambodiadaily.com/news/hun-sen-orders-timber-sale-because-teachers-cant-move-it-112430/

Canberra embassy probed for 'duty-free abuse': report

Cambodia’s ambassador to Australia yesterday swiftly denied allegations of corruption amid reports the embassy is under investigation for links to an alleged alcohol and tobacco black market that took in roughly $200,000.   ...

Erin Handley
http://www.phnompenhpost.com/national/canberra-embassy-probed-duty-free-abuse-report

Official interrogated in mosque road case

During a closed-door session at the Phnom Penh Municipal Court yesterday, Muslim community leader Ahmad Yahya denied defaming fellow community leader Othsman Hassan.   ...

Kong Meta
http://www.phnompenhpost.com/national/official-interrogated-mosque-road-case

Battle over mangrove sees SEZ trump NGO

A special economic zone developer will be allowed to continue bulldozing a mangrove forest in Preah Sihanouk province’s Teuk Thla commune, the provincial governor said yesterday.   ...

Mech Dara and Igor Kossov
http://www.phnompenhpost.com/national/battle-over-mangrove-sees-sez-trump-ngo

Tension builds before next ‘black Monday’

Security forces including riot police were deployed to Phnom Penh’s Borei Keila neighborhood on Tuesday to keep a watchful eye over activists in the area, as rights groups, undeterred by arrests of eight protesters on “Black Monday,” began planning next week’s demonstration.   ...

Ben Sokhean and George Wright
https://www.cambodiadaily.com/news/tension-builds-before-next-black-monday-112432/

Blue river buys into Cambodian gold hunt

Canadian mineral exploration company Angkor Gold Corp has signed an agreement with Vancouver-based junior mining firm Blue River Resources Ltd to fund exploration of its gold prospects in northeastern Cambodia, the company said in a press release yesterday. ...

Cam McGrath
http://www.phnompenhpost.com/business/blue-river-buys-cambodian-gold-hunt

Cambodia, Japan restore Angkor Wat causeway

Cambodia and Japan began Monday a four-year project to restore the ruined western causeway at Cambodia’s Angkor Wat temple.   ...

Kyodo News
http://www.bangkokpost.com/news/asean/965609/cambodia-japan-restore-angkor-wat-causeway

Cambodia scouts for tigers before relocating big cats from India

Before it takes action on ‘relocating’ Indian tigers, Cambodia’s forestry administration is on a special mission – scouting for signs of indigenous tigers in its dense jungles, where according to reports they are “functionally extinct”.   ...

Ians team
http://www.thehansindia.com/posts/index/Environment/2016-05-09/Cambodia-scouts-for-tigers-before-relocating-big-cats-from-India/226945

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