all you need to know about property in cambodia
INSIDE
Issue NUMBER 1636
16 pages
Successful People Read The Post
THURSDAY, MAY 30, 2013
The gloves come off in scandal
NagaCorp rolls dice on $15 million VIP terminal
Meas Sokchea
BOU Meng wants out. Wary of becoming a pawn in an increasingly ugly political mudfight, the septuagenarian S-21 survivor said yesterday he didn’t care if acting opposition leader Kem Sokha apologised or not for allegedly denying the existence of the notorious Khmer Rouge prison. Flanked by supporters, the Cambodia National Rescue Party deputy president yesterday held his first press conference since the scandal broke over the weekend. During the press conference, Sokha reiterated his defence that the short audio recording circulated by the government, in which he is heard suggesting that the crimes at S-21 had been “staged”, had been edited to twist his words, and that even the timeline presented for the speech was preposterous. “I am being falsely accused of making the alleged S-21 comments on May 18 in Prey Veng province. But in fact, on May 18, I was speaking to thousands of people in Kampong Cham, with no mention of S-21,” Sokha said, adding that he has photographs and voice recordings
Low Wei Xiang and Sarah Thust
A PRIVATE VIP terminal costing $15 million is being planned at Phnom Penh International Airport by NagaCorp, which hopes that once it is ready – likely by early next year – high-rollers would flock to its casino and double their spending to $8 billion. The new terminal “will be located at a different location from the existing passenger terminal”, and “would house its own immigration facility, VIP lounge, food and beverage outlets and other services”, the company said in a release two months ago on the Hong Kong Stock Exchange, where it is listed. NagaWorld, the casino arm of NagaCorp, had “entered into an agreement” with the Cambodian government on January 11 this year for NagaWorld to construct “the Naga Terminal”, the release said. No other details were given. NagaCorp’s chief financial officer, Philip Lee, in March reportedly said the terminal would be completed by the end of this year or early next year, according to a third-party report by financial analysis firm Citi. The terminal “will not only afford a unique VIP arrival and departure experience but also position the junket segment of the company’s business in a more competitive manner,” NagaCorp’s release added. In a junket, the casino pays for some or all of the travel and hotel costs of the gambler, who in turn must play until a minimum sum or length of time is reached. For NagaCorp’s junket VIP floors, the average buy-in is $150,000, with a maximum bet size of $24,000 per hand. The terminal is part of $156 million NagaCorp is pumping into the VIP segment to reverse its lack of luck in this area. While its revenue from junkets has increased steadily, their contribution to the overall revenue has dropped every year. In 2009, the segment contributed 45.3 per cent, plunging to 34 per cent by Continues on page 7
4000 RIEL
A Boeung Kak protester lies on the street after being water-cannoned by police in Phnom Penh yesterday. khaouth sophak chakrya
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City turns up pressure Khouth Sophak Chakrya
A
WOMAN was knocked unconscious and many more fell to the ground when municipal authorities unleashed a water cannon on Boeung Kak lake, Borei Keila and Thmor Kol protesters, who were blocking the capital’s Monivong Boulevard yesterday. Protesters sitting on the road were met with the storm-like onslaught after more than 100 had gathered outside City Hall to demand new Phnom Penh Governor Pa Socheatvong de-
liver on his pledge to resolve their land disputes. The spray’s force, from three fire trucks, left Khek Chan Raksmey, 33, unconscious on the ground, while others – soaked – ran or were pulled to safety. Boeung Kak land activist Sen Touch said protesters from the three communities had wanted to know when the governor would act on his promise to end their disputes but felt yesterday’s incident showed municipal authorities didn’t really want to find solutions. “If you want to kill people, just use
the real bullets, not fire engines,” she said. After an ambulance was refused because villagers said they could not afford to pay for it, Chan Raksmey was taken in a tuk-tuk to the clinic of rights group Licadho for treatment. Phnom Penh municipal police chief Choun Sovann said yesterday that authorities had no choice but to spray the protesters, who blocked or slowed traffic for more than two hours. “I had already told them not to block the road because there are many people who travel along this boulevard,” he said. “We should re-
spect all people’s rights, not just a few.” Phnom Penh Municipal Hall spokesman Long Dimanche said the villagers’ efforts to block the road were akin to “kidnapping” road users and holding them hostage. “Because of this, we’re obliged to crack down on [protesters],” he said. The congestion caused by the incident frustrated motorist San Chamreung. “I cannot accept this roadblock because it affects my career. I know they have been treated unfairly, but this is Continues on page 4