Wednesday, 30 June 2010

The Phnom Penh Post News in Brief


via Khmer NZ News Media

Bikers race out in Kep

Wednesday, 30 June 2010 15:00 Dan Riley

HONG Chanmakara stormed to victory in the second round of the 2010 Cambodian Mountain Bike Series Sunday in Kep. The local rider finished a minute ahead of the Kheng Ty, with Sieng Makara coming in third in the A class race. A total of 84 participants competed in four divisions of varying standard over the challenging course around Kep National Park, which included a “3-kilometre climb followed by a rewarding downhill section” according to event organiser Pierre-Yves Catry. “Next round is confirmed on July 25 at the Phnom Baseth track [near Phnom Penh] ,so I guess we will see many riders training there in the coming weeks,” added Catry.

Teen TV fans rise

Wednesday, 30 June 2010 15:00 Catherine James

TEENS were the fastest growing age-group among Cambodia’s television viewers in the last six months, according to market research company Indochina Research Ltd (IRL). Figures from IRL’s bi-annual survey show the Kingdom’s youth-dedicated network MYTV has 11 percent of the market, up from 7 percent in the survey released in January. The driver was an increase in 15- to 19-year old viewers, rising to 32 percent from 20 percent. CTN, meanwhile, saw its market share fall to 55 percent from 62 percent. “This decrease is mainly due to the increase of MYTV,” IRL said Monday.

Falling salt price

Wednesday, 30 June 2010 15:00 Chun Sophal

THE price of salt per bag in Cambodia is down 42 percent compared to last year as domestic production exceeded demand because of good weather conditions, according to the Cambodia Salt Producers Association (CSPA). CSPA President Ly Seng said Monday the association sold one 50-kilogram bag of salt to its distributors for 11,600 riels (US$2.76) this week, whereas the same amount of salt sold for 20,000 riels (US$4.87) last year. CSPA has produced 174,000 tonnes of salt this year. In 2009, the association produced just 30,000 tonnes because of poor weather.

More businesses seek registration

Wednesday, 30 June 2010 15:00 May Kunmakara

BUSINESS registrations in the Kingdom increased 32 percent in the first half of 2010, compared to the same period of 2009, according to the Ministry of Commerce (MoC) Tuesday. The number of foreign business registrations surged 46 percent to 620, while Cambodian registrations increased 24 percent to 936. Hum Hean, director general of the MoC’s Business Registrations Department, said companies were restarting their businesses after the crisis. South Korea topped the list for number of foreign business registrations, followed by China and Vietnam. “Most of these countries are investing in agriculture,” Hum Hean said.

Maybank opens its eighth local branch

Wednesday, 30 June 2010 15:00 Jeremy Mullins

MALAYAN Banking Bhd opened its eighth Cambodian branch in Battambang Tuesday, according to a press release. During a speech in January, the Kuala Lumpur-based bank’s chief executive officer, Abdul Wahid Omar, cited a target of increasing its Cambodian branches from 7 to 11 during “the next few years”. The bank opened its first branch in the Kingdom in 1993, but did not expand outside Phnom Penh until June last year.

Border Crisis: Anti-Thai rally to mark anniversary

Wednesday, 30 June 2010 15:02 Cheang Sokha

Border Crisis

The Cambodia Watchdog Council (CWC) plans to gather at Wat Botum on July 15 to express anger at Thailand’s “invasion” near Preah Vihear temple two years ago. On July 15, 2008, Thailand sent troops to disputed border areas close to Preah Vihear temple, a week after UNESCO accepted Cambodia’s application to have it listed as a World Heritage site. “The purpose of the ceremony is to show Thailand that the Cambodian people are dissatisfied with the invasion of Cambodian territory,” said CWC president Rong Chhun.Tith Sothea, spokesman for the Council of Ministers’ Press and Quick Reaction Unit, said organisers would need to obtain permission from the Interior Ministry. “Any gathering without permission would be nonsense,” he said.

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