Logo of Phnom Penh Post newspaper Phnom Penh Post - Evictees lobby bank for payment



Evictees lobby bank for payment

Evictees lobby bank for payment

More than 200 villagers from Kampong Speu protested in front of ANZ Royal Bank’s headquarters in Phnom Penh yesterday, demanding the bank pay them compensation.

The group, which also demonstrated outside the National Assembly, represented 800 families from Thpong and Oral districts who are locked in a long-running land dispute with Phnom Penh Sugar Company.

Oral community representative Cheng Sopheap said the bank owed the villagers compensation because it financed the industrial plantations that displaced them.

“They are trying to avoid responsibility,” he said, adding that demonstrators had sent a petition to the bank’s director.

ANZ has repeatedly said that the company – owned by the wife of tycoon and ruling party senator Ly Yong Phat – is no longer a customer.

Sin Satha, a representative of Phnom Penh Sugar Company, pointed to a recently announced decision by the EU to investigate the eviction as a step forward.

MOST VIEWED

  • Phnom Penh unveils rules for post-lockdown transition

    The Phnom Penh Municipal Administration issued a set of detailed guidelines for the seven days to May 12 after the capital emerges from lockdown at the onset of May 6. In the 14-page document signed by municipal governor Khuong Sreng released on the evening of May 5, the

  • SBI LY HOUR Bank Launches Cross Border Money Transfer Service between Cambodia and Vietnam on RippleNet, utilizing DLT

    SBI LY HOUR Bank Plc and Hanoi-based Tien Phong Commercial Joint Stock Bank (TPBank) on Friday launched the first Cambodia-Vietnam money transfer service in real currency via RippleNet, provided by SBI Ripple Asia Co Ltd to provide safe, fast and convenient services. SBI LY HOUR

  • Gov’t issues guidelines as lockdown nears end

    The government has issued a five-page set of instructions to be enforced when the three-week lockdown of Phnom Penh and adjacent Takmao town in Kandal province ends on May 6. According to an announcement signed by Prime Minister Hun Sen on May 4, the instructions cover a

  • Cambodia ready to exit LDC status

    Cambodia is well-prepared to minimise economic risks when it graduates from its Least Developed Countries status, according to a senior official at the Ministry of Commerce on May 7. Four LDCs – Cambodia, Laos, Bangladesh and Nepal – met at a virtual workshop last week to explore potential

  • Nine US franchises eye Cambodia debut

    Nine famous US franchising companies are looking for business opportunities and expansion into Cambodia to build a footstep for a strong foundation in Southeast Asia. The US embassy in Phnom Penh, in partnership with the US Foreign Commercial Service and with support from the American

  • Lost in translation: ‘Starvation’ in capital’s designated red zones

    “DACH bay” is a Khmer slang meaning a “loss of income”, that could also be literally translated to «deprived of rice”, which alludes to starvation. However, civil society organisation (CSO) officials have independently confirmed the government’s prior assertions that there are no cases of