News

Sathapana borrows $15m for micro loans

Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

http://www.phnompenhpost.com/business/sathapana-borrows-15m-micro-loans

Cambodia Delays US Military Aid

Cambodia postponed U.S.-backed military assistance programs immediately after the July 28 national election, officials of both countries confirmed Tuesday, in a move that analysts said reflects a strain in relations after years of strengthening military ties. The U.S. has in recent years expanded training and other ...

http://www.cambodiadaily.com/news/cambodia-delays-us-military-assistance-39509/

Capital governor declares moratorium on dredging

Phnom Penh municipal governor Pa Socheatvong has ordered a complete suspension of all sand-dredging activities while the municipality investigates whether the companies are operating illegally, a spokesman said. The order came during a meeting yesterday between the governor and his subordinates, City Hall spokesman Long Dimanche ...

http://www.phnompenhpost.com/national/capital-governor-declares-moratorium-dredging

Worker applications eased

Candidates for a government program that sends Cambodians to work in South Korea can file paperwork closer to home this year, as applications will now be distributed in 13 provinces. ... Applications will be available until Friday in provincial labour offices in Battambang, Kampong Cham, Kampong ...

http://www.phnompenhpost.com/national/worker-applications-eased

Factory production sluggish

In the wake of last month’s election, production levels at Cambodian garment factories are still below the norm as lingering fears of political unrest keep workers at home and away from the capital. Shrugged off at the outset as a natural byproduct of the election that ...

http://www.phnompenhpost.com/business/factory-production-sluggish

PAL sets new closing date for investment in Cambodia Airlines

The deal between national flag carrier Philippine Airlines (PAL) and Royal Group of Cambodia (RCG) to form Cambodia Airlines Co.  Ltd. is set to be completed within the next two months. This was according to Ma. Cecilia Pesayco, assistant corporate secretary of PAL’s parent firm PAL ...

http://www.gmanetwork.com/news/story/321652/economy/business/pal-sets-new-closing-date-for-investment-in-cambodia-airlines

Cambodia suspends military co-operation with US, other nations amid election standoff

ambodia has suspended international military co-operation programs with the United States and others following that country's recent, disputed election, the State Department said Monday. The reason for Cambodia's action was not immediately clear. State Department spokeswoman Marie Harf told reporters that Cambodia's Defence Ministry has postponed ...

http://www.montrealgazette.com/news/Cambodia+suspends+military+cooperation+with+other+nations/8779702/story.html

Red Cross Gives Aid to Borei Keila Families

Phnom Penh municipality and the Cambodian Red Cross (CRC) on Sunday donated money and food rations to 176 families from Borei Keila—where thousands of people have been violently evicted from their homes in recent years after the land was sold to a private company. Phnom Penh ...

http://www.cambodiadaily.com/news/red-cross-gives-aid-to-borei-keila-families-39096/

Revenues Down at Pailin’s Dreamworld Casino

U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...

http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/

Fearful workers urged to stay

Key players in all quarters of the garment industry have expressed concerns that workers, fearing a violent election-related conflict, may leave work and return to their home provinces after their next pay cheque. In a statement, the Coalition of Cambodian Apparel Workers’ Democratic Union (C.CAWDU) joined ...

http://www.phnompenhpost.com/national/fearful-workers-urged-stay

Japanese, Cambodia trade is up 19 per cent

Trade volume between Cambodia and Japan had grown 19 per cent in the first six months of 2013 compared with the same period last year, figures from the Japan External Trade Organisation show. Cambodian exports to Japan were up 31 per cent in the first six ...

http://www.phnompenhpost.com/business/japanese-cambodia-trade-19-cent

Growth at risk from ‘turmoil’

Cambodia's Minister of Commerce and long-time ruling party stalwart Cham Prasidh said yesterday that post-election demonstrations could prevent growth and even result in small-scale looting. “If they want to destroy the economy, they have to protest more and more in order to destroy,” he said. ... Speaking ...

http://www.phnompenhpost.com/business/growth-risk-%E2%80%98turmoil%E2%80%99

Grand Plans for $80-Billion Capital City Fit for a Techo

If Phoeung Sophoan has his way, Phnom Penh’s days as Cambodia’s capital city are numbered. A secretary of state at the Ministry of Land Management, Urban Planning and Construction, Mr. Sophoan has big plans for a new 35,000-hectare capital city north of Phnom Penh called “Samdech ...

http://www.cambodiadaily.com/news/grand-plans-for-80-billion-capital%E2%80%88city-fit-for-a-techo-38968/

Cambodia, Vietnam seen boosting medical tourism offerings

Cambodia and Vietnam are enhancing their medical tourism offerings, the International Medical Tourism Journal reported Friday. "In medical tourism, Southeast Asia is a key and fast advancing market. Cambodia and Vietnam now want a share of the action that Singapore, Thailand and Malaysia have," the journal ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjgwOGQwMjBkMzA

Rail gets rice exports on move

For the first time since a railway rehabilitation project was launched in 2006, Cambodian rice is now being transported from Phnom Penh to the Sihanoukville port along the country’s southern line for export, operators Toll said on Wednesday. Speaking at the Phnom Penh cargo loading station, ...

http://www.phnompenhpost.com/business/rail-gets-rice-exports-move

Hyundai’s Cambodia plans

After two years of assembling Hyundai vehicles in Cambodia for the domestic market, South Korea-based Hyundai Motor Company is increasing its production to meet rising demand, aiming to reach 800 units in 2013, a company’s representative said. ... Located in the Koh Kong Special Economic Zone, ...

http://www.phnompenhpost.com/business/hyundai%E2%80%99s-cambodia-plans

Cambodia organizes int'l industrial machinery, garment exhibition

The 3rd international industrial machinery and garment fair kicked off at Cambodian capital's Diamond Island Exhibition Center on Thursday with the participation of about 240 exhibitors from 16 countries and regions. ... A variety of industrial machinery for the production of textile and garment, footwear, plastics ...

http://news.xinhuanet.com/english/business/2013-08/08/c_132613974.htm

Villagers take on sand pumpers

Villagers in Kandal province have instigated a turf war over a private company they accuse of illegally pumping sand out of Koh Prak River. Fearing riverbank erosion could damage the surrounding community, about 100 residents of Koh Prak village in Kien Svay district’s Phoum Thom commune ...

http://www.phnompenhpost.com/national/villagers-take-sand-pumpers

Global hotel group sees profits rise 20 per cent

Intercontinental Hotels Group, one of the world’s leading hotel companies and operator of InterContinental Hotels & Resorts – one of whose hotels is located in Phnom Penh – said first-half-of-year profits rose 20 per cent on strong gains in the Americas region. According to a statement ...

http://www.phnompenhpost.com/business/global-hotel-group-sees-profits-rise-20-cent

Phnom Penh’s Bus Service Delayed

The Japanese International Co­operation Agency (JICA) on Tuesday announced it hoped to have a public bus system in place in Phnom Penh sometime in 2014, despite earlier assurances it would be up and running this year. The Japanese government’s international aid arm also presented options to ...

http://www.cambodiadaily.com/news/phnom-penhs-bus-service-delayed-38546/

Rainsy Says Those Behind Boeng Kak Deserve Jail

Opposition leader Sam Rainsy on Monday vowed to return Phnom Penh’s beleaguered Boeng Kak neighborhood to its residents and to have those who filled the lake with sand thrown in jail, should the opposition CNRP ultimately prevail in contesting the unofficial results of last month’s ...

http://www.cambodiadaily.com/elections/rainsy-says-those-behind-boeng-kak-deserve-jail-38399/

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