Amid stable outlook, Moody's confirms Cambodia credit rating
Moody’s Investors Service affirmed Wednesday Cambodia’s government issuer rating at B2 with a stable outlook, stating that recent labour unrest could result in only slightly slower economic growth this year. “Cambodia’s underlying credit strengths are expected to withstand the impact of recent political tensions and labor ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MmM0MmU3NmU4MmU
Rainsy Evokes Gandhi as Example for Opposition
CNRP leader Sam Rainsy on Thursday publicly announced the opposition’s intention to conduct a campaign of civil disobedience in line with peaceful demonstrations organized by the charismatic leader of Indian nationalism Mahatma Gandhi, who helped win independence from Great Britain. Mr. Rainsy made the remarks at ...
Colin Meyn and Phorn Bopha
http://www.cambodiadaily.com/elections/rainsy-evokes-gandhi-as-example-for-opposition-41429/
Bavet City garment strikes gain momentum
Trade unions may have failed to get a stay-at-home strike for higher wages off the ground after the Khmer New Year earlier this month. But a strike for bonus pay is picking up steam in Svay Rieng Province, where some 20,000 garment workers protested at ...
Mech Dara
http://www.cambodiadaily.com/news/bavet-city-garment-strikes-gain-momentum-57447/
Lakeside Deal Skips Village 1
Hundreds of families at Boeung Kak lake would receive land titles next week, Phnom Penh governor Kep Chuktema announced yesterday, but one village has been excluded from the deal that all but ends Phnom Penh’s highest-profile land dispute. at a meeting with about 500 villagers ...
Protest for union trio continues
Workers and managers at Cambo Handsome 1 garment factory were continuing discussions last night after a fourth day of protest in which union leaders said more than 20 employees were injured in a confrontation with police. The workers are protesting against the suspension of three union ...
Gov’t, Garment Sector Silent Over Letter Urging SEZ Probe
A senior official at the Commerce Ministry and the secretary-general of the Garment Manufacturers Association in Cambodia (GMAC) were both silent yesterday regarding a letter sent to the ministry by garment buyers on Friday, urging the government to intensify its investigation of last month’s triple ...
Cambodia expects 7 pct GDP growth in 2012
Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7 % this year. The forecast is higher than that of the International Monetary Fund, the World Bank and the Asian Development Bank — all forecast at ...
http://en.ce.cn/World/Asia-Pacific/201203/12/t20120312_23150134.shtml
Hun Sen Denies China Influence Over Cambodia
Prime Minister Hun Sen yesterday hit back at claims that China had influenced Cambodia’s actions as chair of Asean, insisting that the visit of Chinese President Hu Jintao last weekend was not related to this week’s Asean Summit. Speaking at the closing of the summit at ...
Stocks Slow as CSX Sees First Day Without Trades
For the first time since the bourse went alive in April, no trading took place on the Cambodian Securities Exchange on Friday. The share price of the bourse’s sole listing, the Phnom Penh Water Supply Authority (PPWSA), remained flat at 6,450 riel ($1.58) at the end ...
Time to Get Tough on Casinos, Officials Warn
Interior security officials yesterday called on the casino operators to improve their security following a spate of casino-related crimes and said they would be creating tougher legislation for those who flouted the country’s gambling laws. More than 60 casino owners gathered at the National Police headquarters ...
Incitement Charge for Chhun
Global brands Levi’s and Gap had continued slashing orders at the Tai Yang and Camwell factories in Kandal province, costing the company that owns them about US$6 million, its manager claimed yesterday. Tai Yang Enterprises manager Wu Minghuor said the brands had reduced their orders from ...
'Suspicious suspect' in Bavet shooting named
Police in Svay Rieng province said yesterday a Bavet town police officer had been under court-ordered supervision since last week on suspicion of being involved in the February shooting at a garment factory protest in the Special Economic Zone there. Provincial police chief Prach Rim said ...
Road-Rage Case Latest Gun Play by the Powerful
Road rage was the likely motive of the driver of a luxury suburban utility vehicle (SUV) who opened fire on the driver of another SUV Friday afternoon in Phnom Penh in what appears to be the latest incidence of random gun violence involving the country’s ...
Beef price almost doubles
High demand for beef, particularly during the Islamic Qurban festival which ended yesterday, caused beef prices to almost double compared with the same period last year, according to Islamic leaders and officials. Him Khortieth, IKatan Mahabbah Muslimin’s (IMAN) representative in Cambodia, said the association planned to ...
http://www.phnompenhpost.com/index.php/2012103059462/Business/beef-price-almost-doubles.html
Groups slam ministers' failure to discuss Xayaburi Dam
Regional conservationists criticised the Mekong River Commission (MRC) yesterday for leaving the controversial Xayaburi Dam off its agenda at this week’s annual ministerial meeting in Luang Prabang, Laos. Laotian authorities said they would confirm their decision to go ahead with the hydropower project in the mainstream ...
http://www.nationmultimedia.com/aec/Groups-slam-ministers-failure-to-discuss-Xayaburi--30198036.html
Cambodia Joins Stocks Party
Cambodia tapped into the growing global interest in Southeast Asia with the start of trading in the sole stock at its gleaming new stock exchange on Wednesday. Ordinary Cambodians and local businesses scrambled to buy into the country’s first initial public offering—of shares in a local ...
http://online.wsj.com/article/SB10001424052702304331204577351551608365784.html
Californian Winery Enters Cambodian Market
California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/californian-winery-enters-cambodian-market-46863/
Rights Group Calls for Investigation of Thai Casino Torture Case
Local human rights group Adhoc has called on the government to investigate the alleged detention and torture of a Cambodian woman at a Bangkok casino where she was employed. In a statement released Friday, Adhoc said the government must push for a “full investigation” into the ...
Lauren Crothers
http://www.cambodiadaily.com/news/rights-group-calls-for-investigation-of-thai-casino-torture-case-49552/
New Tuol Kok Mall to Add to District’s Growth
A new open-air mall sporting high-end luxury shops and restaurants in Phnom Penh’s Tuol Kok district is the latest expansion of the suburban neighborhood, though widespread commercialization of the area could still take years, property executives said Monday. The mall, called TK Avenue, opened Friday at ...
Joshua Wilwohl and Sek Odom
http://www.cambodiadaily.com/business/new-tuol-kok-mall-to-add-to-districts-growth-49777/
Rice exports to Thailand dive
Rice exports to Thailand plummeted in the first four months of the year as a result of that country’s surplus, which reached record levels at the end of 2013. Between January and April, Cambodia exported just 1,550 tonnes of rice to Thailand, down 89 per cent ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-exports-thailand-dive