News

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/

Local IT firm eyes off-shore expansion

Information technology firm First Cambodia on Friday joined forces with little-known Singaporean investment company GlobalVision, in a move that aims to expand the local company’s international footprint. As part of the joint partnership, GlobalVision has purchased a 50 per cent stake in First Cambodia for an ...

Chan Muyhong
http://www.phnompenhpost.com/business/local-it-firm-eyes-shore-expansion

Firm buying Boeng Kak land claims no knowledge of evictions

A Singapore-based firm whose subsidiary plans to buy land in Phnom Penh from which thousands of families have been forcibly evicted said Wednesday that the firm had no knowledge of the long-running land dispute. The firm, HLH Group, also denied any official or financial ties to ...

Zsombor Peter and Mech Dara
http://www.cambodiadaily.com/news/firm-buying-boeng-kak-land-claims-no-knowledge-of-evictions-62463/

Cambodia reports 1.14 bln USD trade deficit in 1st five months

Cambodia recorded a trade deficit of 1.14 billion U.S. dollars in the first five months of 2014, a latest report by the Ministry of Commerce showed Wednesday. Total trade value jumped to 7.32 billion U.S. dollars during the January-May period this year, an increase of 17 ...

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=226339

Cambodia revising gambling laws to attract investment

The Cambodian government is in the process of amending its gaming laws in a bid to draw major casino operators, industry sources have confirmed to GGRAsia. Earlier on Tuesday, the Phnom Penh Post reported that the new draft of the national casino law could be finalised ...

GGRAsia News Staff
http://www.ggrasia.com/cambodia-revising-gambling-laws-to-attract-investment/

Exporter under attack in rice row

In December 2011, the managing director of Megagreen Imex Cambodia, Renne Outh, proudly announced that his firm had inked a $21 million deal to be the first to ship Cambodian rice to the Philippines. Nearly two and a half years on, not a single Cambodian grain ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/exporter-under-attack-rice-row

Instability delays CAA launching new routes

Cambodia Angkor Air (CAA) will delay the launch of its planned direct flights to Beijing, Tokyo and Singapore due to unrest in neighbouring countries, the airline said yesterday. Originally slated to open the new routes before the end of the year, tensions in Thailand and Vietnam ...

May Kunmakara
http://www.phnompenhpost.com/business/instability-delays-caa-launching-new-routes

Pilot project to recruit Cambodian maids struggles to take off

A pilot project to recruit maids from Cambodia is struggling to take off as workers are turned off by high recruitment fees, and the fear of not being able to adapt to life here. Under a Ministry of Manpower (MOM) pilot scheme that began last August, ...

Amelia Tan
http://www.straitstimes.com/news/singapore/more-singapore-stories/story/pilot-project-recruit-cambodian-maids-struggles-take-201

Imports of petroleum on the rise last quarter

Cambodia’s petrol bill topped $440 million at the end of the first quarter, up 11 per cent from $397 million during the same period last year, according to data from the Ministry of Commerce. The data show Cambodia imported a total of 453,000 tonnes of petroleum ...

May Kunmakara
http://www.phnompenhpost.com/business/imports-petroleum-rise-last-quarter

Cambodia sees rise of Asean tourists in Q1

Cambodia received 424,300 visitors from Asean countries in the first quarter of the year, up 4 per cent year-on-year. Data from the Tourism Ministry showed tourist arrivals from Association of Southeast Asian Nations (Asean) accounted for 33 per cent of 1.27 million overseas arrivals from January ...

Bernama News Staff
http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=1039613

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

Joint venture to embark on SoHo twin-tower project

Singaporean investors will invest $300 million to erect a twin-towered commercial building called The Bridge, in downtown Phnom Penh. The Bridge, which is a joint venture between Singapore Oxley Holdings and Cambodia World Bridge Land, aims to make its mark on the city landscape by constructing ...

Sum Manet
http://www.phnompenhpost.com/real-estate/joint-venture-embark-soho-twin-tower-project

Maids ‘abused’ in Singapore

At least three Cambodians who have travelled to work as maids in Singapore since August last year as part of a pilot scheme have complained to worker welfare groups there about employer abuse and poor working conditions, including molestation and the slapping of a worker. In ...

Kevin Ponniah
http://www.phnompenhpost.com/national/maids-%E2%80%98abused%E2%80%99-singapore

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

Vietnam's HAGL to harvest corn in Cambodia, Laos this year

Vietnam’s HAGL JSC is expanding its overseas plantations and plans to harvest corn in Cambodia and Laos this year, Bloomberg News reported Monday. ...

Everyday News Staff
http://www.everyday.com.kh/en/article/21710.html

Downtown residences for lease

Less than a year after all refurbishments were completed on Hongkong Land’s Central Mansions – formerly Colonial Mansions – the classic residential units in the heart of Phnom Penh’s burgeoning financial, government and office-rental district are enjoying occupancy rates of close to 100 per cent, ...

Post Staff
http://www.phnompenhpost.com/real-estate/downtown-residences-lease

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