Tuesday, 2 March 2010

The Phnom Penh Post News in Brief


via CAAI News Media

Gameweek 28 winner

 Tuesday, 02 March 2010 15:00 Dan Riley

Managerial mastery was once again contested in Gameweek 28, with fantasy league newcomer Mongkul Vichet sneaking victory with his team Victor FC on 86 points to scoop the Cellcard US$20 phone voucher and T-shirt. Vichet’s squad featured top picks such as Chelsea stalwart Lampard as captain for 26 points, Arsenal’s sublime Fabregas for 16 points, and defenders Ricketts of Bolton and Hughes of Fulham for 9 points each. Next gameweek’s curtailed eight fixtures has transfer deadline set at 6:30pm this Saturday, so pay attention to which teams are playing.

Railway loan signing

Tuesday, 02 March 2010 15:00 Ellie Dyer

THE Asian Development Bank (ADB) and the government is today due to sign a US$42 million supplementary loan agreement for renovation of the Cambodian railway, according to an ADB email late Monday. The deal, set to be overseen by ADB Director General for South East Asia Kunio Senga and Minister for Economy and Finance Keat Chhon, will help repair the Kingdom’s rail network. It is thought to form the second half of ADB’s $84 million commitment to a $141 million rehabilitation project for the Kingdom’s railways. According to previous reports in December, it is hoped Cambodia and Thailand will be linked by rail by 2013. Another proposed 225-kilometre link to Vietnam is subject to a feasibility study being carried out by the China Railway Group. If built, this would be the last section of a continuous line from Singapore to Kunming, the capital of China’s Yunnan province.

Reththy to palm growth

Tuesday, 02 March 2010 15:00 Chun Sophal

MONG Reththy Group (MRG) expects revenues from overseas sales of raw palm oil to increase by nearly US$2 million in 2010, its president said Monday. Mong Reththy, member of the senate and president of MRG, told the Post he expects revenues of $11 million this year compared to $8.06 million last year. He said that yields of oil palm fruit had increased, while prices of raw palm oil had also risen. Ith Nob, general manager of MRG, said that this year the company is selling raw palm oil for $700 per tonne, compared to $606 per tonne last year. According to plans, MRG also intends to spend about $32 million on building a cooking oil factory, able to produce 720 tonnes of oil per day, in Preah Sihanouk province in 2011. Lim Sokun, secretary of state of the Ministry of Agriculture, Forestry and Fisheries, said Monday that agricultural crops are entering improved market conditions as demand for agricultural products increases worldwide.

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