News

Advocacy group raises questions about Cambodia's gold imports

Cambodia imported about $15 billion worth of gold during five years from Singapore, according to government statistics compiled by nongovernmental organization Mother Nature Cambodia — a figure so large, corruption monitor groups say it raises alarms about potential financial crimes, particularly smuggling. ...

David Boyle and Malis Tum
https://www.voanews.com/a/advocacy-group-raises-questions-about-cambodia-gold-imports/4599968.html

KrisEnergy signs oil deal next week

Singapore-based oil and gas company KrisEnergy is scheduled to sign an agreement with the Cambodian government next Wednesday for the extraction of petroleum from Block A to develop the Aspara oil field. ...

Sum Manet
http://www.khmertimeskh.com/5078426/krisenergy-signs-oil-deal-next-week/

KrisEnergy all set to sign petroleum extraction agreement

The government and KrisEnergy, a Singapore-listed oil and gas firm, are set to sign a petroleum agreement this month to pave the way for the company to start the groundwork for the extraction of oil from Bloc A, which is expected to start in 2019, ...

May Kunmakara
http://www.khmertimeskh.com/5077640/krisenergy-set-sign-petroleum-extraction-agreement/

New standard? Singapore lends hand for electrics

Cambodia will implement new standards for its electricity system – modelled after Singapore – in order to reduce the risk of electrical fires, officials said. ...

Taing Vida
http://www.phnompenhpost.com/national/new-standard-singapore-lends-hand-electrics

Soldiers, Singaporean firm to plant 6 million trees

The Ministry of Defense plans to work with a Singaporean company to plant six million trees in Cambodia that will eventually be turned into high-end perfume, medicine, tea, incense and furniture, an official said Thursday. One Plantation Holdings signed a memorandum of understanding (MoU) last month ...

Ben Sokhean
https://www.cambodiadaily.com/news/soldiers-singaporean-firm-to-plant-6-million-trees-85039/

Housing loans up in Cambodia but down in Singapore

Two of the biggest real estate lenders in Cambodia and Singapore this week reported big movements in housing loans in their respective domestic markets. Cambodia’s Acleda Bank saw housing loans jump by 22 percent in the first quarter, year-on-year, and attributed this handsome growth to better ...

Property Report News Staff
http://www.property-report.com/housing-loans-up-in-cambodia-but-down-in-singapore-36957

Phnom Penh port expansion seeks funding solution

With construction on the second phase of a new cargo terminal at the Phnom Penh Autonomous Port (PPAP) set to begin in 2016, officials are now looking for ways to finance the project. Hei Bavy, director general for PPAP, said the $20 million expansion will see ...

Chan Muyhong
http://phnompenhpost.com/business/phnom-penh-port-expansion-seeks-funding-solution

Singapore's Phillip Capital acquires Malaysian-owned Cambodian bank

The Singapore-based Phillip Capital Group has purchased a Malaysian-owned Hwang-DBS Commercial Bank in Cambodia for 40 million U.S. dollars and rebranded it as Phillip Bank on Thursday, a bank’s chief said. Phillip Bank’s chairman Lim Hua Min said the Phillip Capital Group, which is an Asian ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=237941

Cambodia's garment industry seen approaching crossroads

Cambodia’s $5.5 billion garment industry is nearing a crossroads amid uncertain prospects for outsourcing, an industry source says, citing participants at a recent trade show in Phnom Penh. “Many industry suppliers believe that while Cambodia remains a growing market for their textile and garment products, there ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjY3NTFlNmIzMTU

Chinese continue to flock as region suffers

Cambodia’s tourism industry has benefited from the unrest that has hit much of the region, with Chinese tourists diverting their routes from problematic areas such as Thailand to the country, according to a report released Thursday by the Sydney-based Center for Asia Pacific Aviation (CAPA). Chinese ...

George Styllis and Cherie Chan
http://www.cambodiadaily.com/business/chinese-continue-to-flock-as-region-suffers-64963/

Delegation to investigate maid trade in Singapore

Seng Sakada, director-general of the Labor Ministry’s labor department, will lead a delegation to Singapore on Saturday to study the ministry’s pilot program to send domestic workers to the city-state, a recruitment agency director confirmed Wednesday. The team will investigate the success of the program, which ...

Hul Reaksmey
http://www.cambodiadaily.com/news/delegation-to-investigate-maid-trade-in-singapore-64816/

Vietnam island airport opens flights to Singapore, Cambodia

Vietnam Airlines will launch new international routes on November 1, connecting the Kien Giang Province’s Phu Quoc airport to Singapore and Cambodia. The Phu Quoc – Singapore route will carry two flights a week and the Phu Quoc – Siem Riep route will carry three flights ...

Thanh Nien Daily News Staff
https://www.google.com.kh/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=+Cambodia&tbm=nws

Firm’s Split From Boeng Kak Project Confirmed

The Chinese firm that was financially backing an ambitious project to develop Phnom Penh’s Boeng Kak neighborhood has pulled out, Chinese Embassy and company officials have confirmed, and no other investor appears to have taken its place. That makes the Erdos Hongjun Investment Corporation at least ...

Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/firms-split-from-boeng-kak-project-confirmed-64318/

Smartphone sales slowing

After years of ever-brisker sales, the smartphone market may be plateauing. Cambodians spent more than $300 million on smartphones last year, a 38 per cent increase from 2012’s figure of about $220 million, according to data from Singapore-based research firm GfK. Some 907,000 smartphones were sold in ...

May Kunmakara and Daniel de Carteret
http://www.phnompenhpost.com/business/smartphone-sales-slowing

‘Abused’ maid awaits return

Woman who was taking part in a pilot scheme to place Cambodian maids in Singapore is waiting to be repatriated after being molested at her employers home and allegedly mistreated by a recruitment firm, she said yesterday. Nation’s managing director, Gary Chin, rejected those claims ...

Sen David and Kevin Ponniah
http://www.phnompenhpost.com/national/%E2%80%98abused%E2%80%99-maid-awaits-return

Boeng Kak families ask ACU to probe Senator’s land sale

Residents of Phnom Penh’s Boeng Kak neighborhood lodged a formal complaint with the Anti-Corruption Unit (ACU) on Monday, asking it to investigate 12 current and former government officials and Senator Lao Meng Khin over the senator’s plans to sell land they say was stolen from ...

Mech Dara
http://www.cambodiadaily.com/news/boeng-kak-families-ask-acu-to-probe-senators-land-sale-63453/

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