National Police Site Hacked, Defaced by Mystery Group
The website of the Cambodian National Police was hacked and defaced yesterday by a mysterious group apparently attempting to challenge the website’s security measures. For part of the morning, visitors to the police.gov.kh site were greeted by singing in Arabic and an image of four Guy ...
State Utility Staff May Be Registered To Vote Twice
The SRP yesterday said it had found that more than 90 employees of state-owned power company Electricite du Cambodge (EdC) were registered to vote in two separate places for Sunday’s commune elections and warned that the ruling CPP may use such government employees to vote ...
Service sector eyes AEC's pot of gold
Thai small and medium-sized enterprises (SMEs) in the auto services, logistics, software and medical tourism sectors are tipped to see massive growth opportunities once the Asean Economic Community (AEC) is set up. Industry Minister M.R. Pongsvas Svasti said Thailand’s service sector, which accounts for 30% of ...
http://www.bangkokpost.com/business/economics/309110/service-sector-eyes-aec-pot-of-gold
A Dam Conundrum: Xayaburi Project Could Help Laos And Thailand, Hurt Cambodia And Vietnam
Officials in Laos announced that construction of the controversial Xayaburi dam will begin with a kickoff ceremony at the construction site Wednesday. Protests from human rights activists and environmental groups have delayed the project for 18 months, but the joint Laotian and Thai project is apparently ...
Cambodia reports strong October travel
International arrivals to Cambodia bounced back in October with a growth of 20% after a below average performance in the third quarter. Cambodia’s Statistics and Tourist Information Department, Ministry of Tourism, reported arrivals increased 24.8% to 290,959 during October. The percentage increase for 10 months lifted ...
http://www.ttrweekly.com/site/2012/12/cambodia-reports-strong-october-travel/
Cambodian education investor explains his turn to real estate
Chea Sokheng, general director of Arizon Group Ltd, a potential investor in Cambodia’s education and real estate sectors, said that investment in education is a main contributor to developing human resources and growth of the national economy. Though he mentioned the opportunity to invest in the ...
2013 National Budget to Rise Above $3B
Government spending next year will total more than $3 billion, a 16.2 percent increase from the $2.6 billion set aside for 2012, according to a draft of the national budget obtained Friday. The budget states that the government will allocate some $400 million, or 13.32 ...
http://www.cambodiadaily.com/business/2013-national-budget-to-rise-above-3b-5428/
CPI: cost of living falls slightly
The Kingdom’s consumer price index declined by 0.1 per cent in October for the first time in 2012 due to a decline in food and gasoline prices and a stable US dollar exchange rate, according to official data released by the National Institute of Statistics ...
http://www.phnompenhpost.com/index.php/2012112359895/Business/cpi-cost-of-living-falls-slightly.html
U.K.’s Prudential Set to Gain Cambodia License in First Quarter
Prudential Plc, the U.K.’s biggest insurer by market value, plans to begin selling insurance in Cambodia in the first quarter of next year to extend its presence in Asia across 13 markets. The firm is hiring sales agents and expects to gain a license to operate ...
Cambodia's turf war
After 28 years in the capital, eating like “a king” and enjoying the perks one receives as the son of high-ranking CPP officials, Sophal’s* move to the countryside was as jarring as it was eye-opening. Until the day in June when he traded his designer threads ...
http://www.phnompenhpost.com/2012122460443/National/cambodia-s-turf-war.html
Huge rosewood haul seized in Preah Vihear province
Senior members of the Royal Cambodian Armed Forces (RCAF) yesterday seized about a tonne of luxury rosewood near the house of a two-star general in the Choam Ksan district of Preah Vihear province after a night hunting For illegal smuggling. General Ngeth Chanthon, deputy general of ...
More workers rally at ongoing Naga strike
bout 100 chefs and kitchen staff walked off the job at the capital’s NagaWorld casino yesterday as a workers’ strike at the luxury entertainment venue entered its fifth day. More than 1,000 protesters — the majority of the casino’s workers — rallied outside the front entrance ...
http://www.phnompenhpost.com/2013022761629/National/more-workers-rally-at-ongoing-naga-strike.html
Renaissance upgrades Okvau
Shares in Renaissance Minerals jumped after the company announced a 1.2 million ounce gold resource at its Okvau deposit in Cambodia. Emerging from the trading halt this morning, the company revealed an indicated and inferred resource of 15.6 million tonnes at 2.4 grams per tonne gold ...
http://au.news.yahoo.com/thewest/business/a/-/national/16325176/renaissance-upgrades-okvau/
Sellers seek compensation
Wholesalers and retailers of bankrupt Cambodian telecommunications company Mfone are seeking compensation for their stock of the mobile provider’s obsolete scratch recharge cards. Wholesalers say the issue is also affecting retailers’ confidence in purchasing recharge cards of other providers, and is slowing sales. Pann Chesda, general manger ...
http://www.phnompenhpost.com/2013040364852/Business/sellers-seek-compensation.html
Diversify crop exports: official
CAMBODIA needs greater diversification of its exports – especially in the agricultural sector – in order to achieve sustainable economic growth, a senior official said yesterday. Economy and Finance Minister Keat Chhon raised the issue during the annual meeting of the Ministry of Commerce. Commerce Minister ...
http://www.phnompenhpost.com/2013032062041/Business/diversify-crop-exports-official.html
E. Sun plans to purchase stake in Cambodian bank
E. Sun Commercial Bank (玉山銀行), the banking arm of E. Sun Financial Holding Co (玉山金控), yesterday announced plans to buy a 70 percent stake in Phnom Penh, Cambodia-based Union Commercial Bank PLC (UCB) for US$69.33 million to facilitate its expansion into Southeast Asia. “We decided to ...
http://www.taipeitimes.com/News/biz/archives/2013/03/23/2003557740
China currency deals surge
As trade activity between Cambodia and China intensifies, banks are seeing an increase in deals transacted in yuan, the Chinese currency. Operating in Cambodia since 2010, Bank of China’s Phnom Penh Branch has been trying to promote business transactions in yuan, and has seen a significant ...
http://www.phnompenhpost.com/2013070866712/Business/china-currency-deals-surge.html
Families Say Land Was Taken
Nearly 90 representatives of 137 families in Battambang province, some of whom include former Khmer Rouge cadres, protested for a second day in Phnom Penh yesterday, claiming authorities had seized land they had held since the late 1990s. Ul Yan who was among protesters at Butom ...
http://www.phnompenhpost.com/2013052465825/National/families-say-land-was-taken.html
Plan to help thousands of child labourers quit
Chan Dany, 12, wants to go to school but instead, like too many Cambodian children, has been forced to sell groceries and do housework to provide for the family. At a conference in Phnom Penh set to coincide with he 12th annual World Day Against ...
Prey Veng Boy Confirmed as 14th Bird Flu Case This Year
A 3-year-old boy from Prey Veng province’s Kompong Trabek district has contracted avian influenza, a deadly disease that has killed seven children and two men so far this year in the largest outbreak the country has seen, the Ministry of Health said in a statement ...
http://www.cambodiadaily.com/news/prey-veng-boy-confirmed-as-14th-bird-flu-case-this-year-34758/