News

UN visits evictees, site of $3.8B tourism project

About 50 families gathered under a timber roof here Sunday among muddy fields granted to them as compensation after China’s Union Development Group (UDG) began to turn their coastal homeland into a $3.8-billion tourist mecca. The families, who now live in timber houses dotting the barren ...

Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/un-visits-evictees-site-of-3-8b-tourism-project-62081/

China's police chief meets Cambodian deputy PM

China’s minister of Public Security Guo Shengkun Tuesday held talks with Cambodian Deputy Prime Minister and Interior Minister Sar Kheng on boosting security cooperation. Guo, also a state councilor, said China and Cambodia have conducted fruitful cooperation on combating telecom fraud, hunting for those who have ...

English People Daily News Staff
http://english.peopledaily.com.cn/n/2014/0604/c90883-8736346.html

Questions over spending plan

The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...

May Kunmakara and Kevin Ponniah
http://www.phnompenhpost.com/national/questions-over-spending-plan

Australian firm bets on Bavet

Australian-listed Cell Aquaculture (CAQ) – a onetime a marine technology company – has purchased a casino on the Cambodia-Vietnam border in a bid to generate much-needed revenue after nearing bankruptcy in 2013. On May 26, CAQ announced in a statement to the Australian Stock Exchange that ...

Eddie Morton
http://www.phnompenhpost.com/business/australian-firm-bets-bavet

NGOs lobby China, companies over Sesan dam

A group of 15 local and international rights groups Tuesday sent a slew of letters to the Chinese government and companies involved in the Lower Sesan II hydropower dam in Stung Treng province seeking a halt to dam construction due to serious environmental and social ...

Simon Henderson
http://www.cambodiadaily.com/news/ngos-lobby-china-companies-over-sesan-dam-59807/

Tourism campaign to counter unrest

The Ministry of Tourism will hold an emergency meeting with industry leaders and representatives in Phnom Penh today to look at what can be done to curb the loss of cross-border visitors resulting from unrest in neighbouring countries. Minister Thong Khon yesterday emphasised the need for ...

Chan Muyhong
http://www.phnompenhpost.com/business/tourism-campaign-counter-unrest

Cambodia sees big jump in construction investment in first quarter

Cambodia’s construction sector received a total investment of 851 million U.S. dollars in the first three months of 2014, up 311 percent compared with 207 million U.S. dollars over the same period last year, the official figures showed Thursday. During the January-March period this year, the ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=219820

Hun Sen attends dinner, presentation in China

Accompanied by his wife, Bun Rany, Prime Minister Hun Sen continued his trip to China on Tuesday evening by attending a dinner reception hosted by Chinese President Xi Jinping, according to state news agency Agence Kampuchea Press. Mr. Hun Sen and his delegation of high-level officials ...

Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-attends-dinner-presentation-in-china-59355/

Cambodia's oil imports up 10 pct in Q1

Cambodia imported 453,000 tons of petroleum in the first three months of 2014, up 10 percent from 412,190 tons over the same period last year, the data of the Ministry of Commerce showed Tuesday. During the January-March period this year, the country spent 442 million U.S. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MjhiNWFmMjgwODB

Longans longing for storage

The amount of land used to grow longans has doubled in the past two years, but a lack of supply-chain infrastructure is hampering farmers’ ability to get top dollar for their product, the fruit’s body says. Sreng Sreang, deputy director of the Pailin Longan Farmers’ Community ...

Chan Muyhong
http://www.phnompenhpost.com/business/longans-longing-storage

China donates 10,000 USD to Cambodia on Int'l Red Cross Day

The Chinese government on Thursday donated 10,000 U.S. dollars to the Cambodian Red Cross (CRC) to support humanitarian activities. Chinese Ambassador to Cambodia Bu Jianguo presented the donation to CRC’s president Bun Rany during the celebration of the 151st anniversary of the World Red Cross — ...

CCTV News Staff
http://english.cntv.cn/2014/05/08/ARTI1399527636106441.shtml

Parkson to build malls and lease out space

Parkson Holdings Bhd will start building malls and leasing out space to get better margins to deal with pressure on its turnover. The departmental store company will build malls in Malacca and Cambodia, both scheduled to open in 2017. The company is also building a mall ...

Jagdev Singh Sidhu
http://www.thestar.com.my/Business/Business-News/2014/05/07/Parkson-to-build-malls-and-lease-out-space/

Momentum building for GTI

The next stage of Grand Twins International’s (GTI) listing on the Cambodia Stock Exchange – public subscriptions – has had a positive response, according to the head of one of the country’s brokerage firms. Svay Hay, CEO of Acleda Securities, a registered broker for GTI, said ...

Eddie Morton
http://www.phnompenhpost.com/business/momentum-building-gti

Again, abuse in China alleged

Four parents in Kampong Cham province have filed complaints with provincial police alleging that their daughters are being sexually abused by their husbands in China, officers said yesterday. Thol Meng, deputy bureau chief of the provincial anti-human trafficking department, said a total of 10 concerned mothers ...

Phak Seangly
http://www.phnompenhpost.com/national/again-abuse-china-alleged

Planning delays oil refinery’s progress

Construction on Cambodia’s $2.3 billion oil refinery has been set back again, this time due to planning delays, the project’s local partner, Cambodia Petrochemical Company (CPC), confirmed yesterday. The landmark oil refinery was slated to begin construction in December 2013 following a $1.67 billion loan from ...

Chan Muyhong
http://www.phnompenhpost.com/business/planning-delays-oil-refinery%E2%80%99s-progress

AEON tenants target Cambodia’s middle class

An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...

Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/aeon-tenants-target-cambodia%E2%80%99s-middle-class

Cambodia's foreign trade up 15% amid ongoing political row

Cambodia’s trade volume with foreign countries has increased by 15 percent in the first quarter of 2014 even though the internal conflict between the ruling and opposition parties over July election results remains unsolved. The figures of the Commerce Ministry showed Tuesday that the Southeast Asian ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=213997

Canada couple bring Chinese, Indians into Cambodia gold company

Mike Weeks and Delayne Weeks of Canada had a dream five years ago: create a gold mine. Do it in a nation that has never produced gold commercially. Use the process to educate and enrich an impoverished population. The country is Cambodia. The mine is in northeast ...

Thom Calandra
http://www.equities.com/editors-desk/futures-commodities/canada-couple-bring-chinese-indians-into-cambodia-gold-company

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