Cambodia to levy economic land concessions tax
Cambodian Prime Minister Hun Sen on Friday ordered investors in economic land concessions (ELC) to pay tax from the sixth year of their investment in a bid to speed up their agricultural production. The premier decided that investment companies receiving ELCs must pay the land tax ...
http://news.xinhuanet.com/english/world/2012-09/28/c_131880215.htm
Govt okays 5-nation rice trade zone
The cabinet yesterday approved the Commerce Ministry’s plan to develop a rice trade partnership with Cambodia, Laos, Myanmar and Vietnam to stabilise international rice prices According to a source at the Commerce Ministry, the rice trade zone project will begin with Cambodia and will involve rice ...
http://www.bangkokpost.com/news/local/320895/govt-okays-5-nation-rice-trade-zone
Aeon starts building Cambodia mall
Japanese mall operator Aeon Co. broke ground Monday on Cambodia’s first foreign-financed mall. “We are happy to contribute to the development of the local economy because it will create more than 2,000 jobs and we want to stay deeply rooted in Cambodia and we want to ...
Cambodia organizes large-scale trade fair to boost import-export activities
The 7th Cambodia Import-Export Promotion Exhibition kicked off here on Saturday, aiming at promoting local trade and trade between the country and its foreign trading partners. The four-day event, held at the capital’s Diamond Island Exhibition Center, brought together products from 21 countries around the world, ...
http://news.xinhuanet.com/english/business/2012-12/15/c_132042699.htm
Gov't Official Says UN Envoy's Reports Favor Opposition
Om Yentieng, president of the government’s Cambodian Human Rights Committee, yesterday accused U.N. human rights envoy Surya Subedi of pandering to the opposition party and trying to stifle the work of the national court system through his examination of Cambodia’s rights situation. Mr. Yentieng, who also heads the Anti-Corruption ...
Cambodia exposed to large fiscal risks from disasters
Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the ...
http://usa.chinadaily.com.cn/world/2012-12/20/content_16035026.htm
‘Croc grandma’ gets four years
The Phnom Penh Municipal Court yesterday convicted local tycoon Chhin Sokountheary of encroaching on public lands and sentenced her in absentia to four years and six months in prison. Phnom Penh Municipal Court judge Ly Lipmeng said yesterday that Sokountheary, who is also known as ...
http://www.phnompenhpost.com/2012122160412/National/croc-grandma-gets-four-years.html
Two million tourists from China by 2020: official
Cambodia would host about two million Chinese tourists in 2020, a Cambodian official predicted yesterday. The forecast accompanied figures released by Chinese officials saying the number of Chinese tourists globally would reach 200 million by 2020. ASEAN countries had attracted nine million Chinese tourists last ...
Cambodia, Vietnam telecoms jointly launch Super Highway Network
State-owned Telecom Cambodia (TC) and Vietnam Telecom International (VTI) on Friday jointly launched Super Highway Telecom Network in order to improve Internet and telecom services in Cambodia and to meet customer’s demands, said a joint press release. The 260-kilometer super highway link connects VTI’s POP (Point ...
http://news.xinhuanet.com/english/world/2012-04/20/c_131541368.htm
Two injured after steel mill accident in capital
An explosion at a steel mill in Phnom Penh’s Meanchey district left two employees seriously injured over the weekend, authorities said. Mao Saroeun, Stung Meanchey commune police chief, said that around 10pm on Sunday there was a small, loud explosion at a mill owned by the ...
SEZ Shooting Suspect Under Court Supervision
The Svay Rieng Provincial Court has placed former Bavet City Governor Chhouk Bundith under court “supervision” after questioning him last week in connection to the Feb. 20 shooting of three female factory workers, according to investigating Judge Pech Chhoeut. Mr. Chhoeut said the ex-governor was questioned ...
Rains Lead to Reduction in Salt Harvests
Heavy rainfall in April and May has cut salt production by a third in Kep and Kampot provinces even though farmers extended the harvest season there by a month, farmers said yesterday. Last year, farmers were able to produce about 90,000 tons of salt on 4,500 ...
'Hong Kong Land' Project Pushed Back to 2013
Property development firm Hongkong Land (HKL) will not break ground on a 10,700-square-meter mixed-use office and retail project in Phnom Penh’s Daun Penh district until at least 2013, officials at the firm said Thursday. HKL acquired the property behind the U.S. Embassy in April 2011 as ...
Weaving woes -Cambodia’s silk sector faces possible extinction as economic realities force artisans to abandon the craft
In the not-so-distant past, visitors to Koh Dach, an island in the Mekong River about 15 kilometers outside of Phnom Penh, were often struck by the sound as well as the sights that met them there. Among the many crafts on display by local artisans, ...
Full text of ASEAN Human Rights Declaration
Herewith the full text of the ASEAN Human Rights Declaration adopted by Southeast Asian leaders Sunday: WE, the Heads of State/Government of the Member States of the Association of Southeast Asian Nations (hereinafter referred to as “ASEAN”), namely Brunei Darussalam, the Kingdom of Cambodia, the Republic of ...
Qatar Airways ready to launch daily flights to Cambodia's capital
The Doha-based Qatar Airways will operate its daily flights from Doha to Phnom Penh, the capital of Cambodia, from Tuesday, Cambodia’s tourism minister Thong Khon said Monday. “Tomorrow (Tuesday), the airline will launch daily flights from Doha to Phnom Penh via Ho Chi Minh City, Vietnam,” ...
Mondolkiri Villagers Fear Imminent Eviction
In a land dispute with overtones of last week’s deadly eviction in Kratie province, villagers in Mondolkiri province yesterday said dozens of police were surrounding their houses and threatening to force them out of a private land concession. Sen Sophon, one of about 200 families in ...
Alleged rosewood loggers shot dead by Thai troops
Three Cambodians were shot and killed early on Saturday morning after engaging in a firefight while illegally logging along the Thai border, officials said yesterday. The three are believed to have been shot after crossing from Battambang’s Samlot district into Thai territory while logging luxury rosewood “The ...
We Will Not Be Moved
They’re known as the BK13 and they’re not prepared to let greedy developers take the very, very little they have. They’re 13 women – mothers, grandmothers – who live around what used to be Boeung Kak Lake – not far from the centre of Cambodia’s ...
Cambodia's inflation increases by 1.6 pct in November
Cambodia’s inflation rate had increased by 1.6 percent in November 2012 if compared with November 2011 due to moderate increases in food and petroleum prices, according to the latest statistics of the National Institute of Statistics (NIS) on Tuesday. The statistics said the total consumer price ...
http://news.xinhuanet.com/english/business/2013-01/01/c_132075617.htm