Archive for the ‘News’ Category

Two court officials complained for extortion

Posted by admin on September 3rd, 2010

The corruption is spreading across Cambodia’s court system in Cambodia. Most of Cambodian people feel afraid of the court. They do not hope that the court would serve the common people with fair and justice and they also lost confidence in court.

Recently, the owner of Cobra III Guesthouse and Restaurant in Banbambang province filed a complaint to the Anticorruption Unit (ACU) on Tuesday by alleging a judge and deputy prosecutor who extorted him $13,000 in an exchange for release of his nine employees.

The Guesthouse was raid by police in April 2009 and nine workers was arrested on suspicious of acting as a front for a brothel. And later, those were released in an exchange of $13,000 at the request of the two above officials.

At the mean time, guesthouse owner also said that he has documents and evidence. He added that it is not an exaggeration or an illegal accusation, it is an offence of extortion.

The head of ACU said that so far his body received seven or eight complaints.

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Expansion of Phnom Penh Port

Posted by admin on August 2nd, 2010

In order to expand a loading capacity, second terminal of Phnom Penh Port will be expanded within next two years located about 25 kilometers east of Phnom Penh Capital. The second terminal will give a loading capacity of 300,000 TEU containers per year, a dramatic increase from the current limit of 60,000 to 80,000 TEUs per year.

Cambodian government received loan from China last year in order to build second port located in Kandal province’s Kien Svay district. And China-based Shanghai Construction has been contracted for the first stage of construction covering an area of 12 hectares. The second stage will cover another 8 hectares.

The first US$28 million stage of the two-stage build – slated to begin in September and take 22 months to complete – will create a total capacity of 120,000 TEUs per year once complete. That figure will increase to 300,000 TEUs once the second stage is finished.

Cambodian prime minister Hun Sen signed deals with the Chinese government worth US$850 to spend on development projects on October 15 in Cambodia. Around $68 million of loans was slated for the development of Phnom Penh’s port capacity.

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Phnom Penh’s first overpass opened officially

Posted by admin on June 26th, 2010

In order to ease the traffic jams along Preah Monivong Blvd in Phnom Penh, the first “Sky Bridge” had been built with worth of US$6 million. Construction of overpass also serves as model for future overpasses in the Cambodia’s capital.

On Thursday, Cambodia’s prime minister Hun Sen inaugurated ribbon-cutting ceremony to officially open this sky bridge. He also said that the inauguration of the first overpass is the history of Cambodia because the first overpass was born now.

The second overpass will be conducted a feasibility study by the municipality, and built on Russian Federation Boulevard near Preah Kossamak Hospital.

It is expected that the second bridge will help facilitate the daily commute of around 170,000 vehicles and 800,000 motorbikes.

The premier also said that “now that we have the first, there should be a second, third, fourth and so on.”

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Beverage industry spent the most on ads

Posted by admin on June 16th, 2010

According to the Indochina Rechearch Ltd’s new survey, most of beverage sector in Cambodia spent estimated US$1.3 million on promotion on advertising in May.

It also found that the drinks sector to be Cambodia’s highest-spending sector. The last year, the beverage sector has spent almost US$6 million to date on advertising.

The Indochina Research Ltd read that It pipped spending from telecommunication sector, estimated at $900,416, and personal care businesses, measured at $770,609, to take first place. This year, the beverage industry has spent almost $6 million to date on advertising.

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