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Ministry plans to hold event on Labour Day

The Ministry of Labour and Vocational Training has instructed all relevant departments and sub-national administrations to organise celebrations of International Labour Day on May 1. ...

Post staff
https://www.phnompenhpost.com/national/ministry-plans-hold-event-labour-day

Prek Takong villagers fear losing land following expiration of a land lease contract

Twenty five families in Prek Takong 1 village of Chak Angreleu commune are concerned about losing their plots of land, which were rented out to the Meanchey district authority to build a temporary sewage canal. ...

Sovann Sreypich
https://cambojanews.com/prek-takong-villagers-fear-losing-land-following-expiration-of-a-land-lease-contract/

European Union and Cambodia launch $53 million technical education initiative

On Tuesday the European Union and the Cambodian government launched four new programs designed to promote sustainability and energy efficiency in the country, including a $53.1 million initiative to improve technical education. ...

Seoung Nimol and Pou Soreachny
https://cambojanews.com/european-union-and-cambodia-launch-53-million-technical-education-initiative/

ASEAN pushed to leverage FTAs and RCEP for broader regional gain

Cambodia has called on ASEAN and its partners to implement existing Free Trade Agreements and the RCEP to enhance regional integration while tapping into developing sectors, including the digital economy, green transition and sustainable tourism. ...

Mao Sreypich
https://kiripost.com/stories/asean-pushed-to-leverage-ftas-and-rcep-for-broader-regional-gain

Garment, shoe exports set to surpass $4bn

Buoyed by strong demand from the economies of Europe and North America, the total amount of garment, shoe and textile exports that left Cambodia last year was on target to surpass the $4 billion mark, dwarfing 2010’s total of $2.88 billion, the Garment Manufacturers Association ...

Private Firms Approach Cambodia’s Bourse With Caution

When it became the first—and still the only—company to list on Cambodia’s stock market on April 18, the Phnom Penh Water Supply Authority saw its share price shoot up some 50 percent on its first day of trading before beginning two weeks of steady decline. Since ...

Credit in Banking Sector Surpasses $4B in 2011

Loan disbursals in Cambodia’s banking sector increased by 33 percent to more than $4 billion last year, as credit to the housing market and agricultural sector saw the largest amount of growth, the National Bank of Cambodia (NBC) said in its annual report, released yesterday. While ...

Job security low as unemployment drops

The International Labour Organisation (ILO) released the latest data from its EU-funded project Monitoring and Assessing Progress of Decent Work this week, showing that despite an improving environment, including low rates of official unemployment , 75 per cent of workers are in vulnerable jobs. This includes the self-employed or ‘own ...

http://www.phnompenhpost.com/index.php/2012080357786/Business/job-security-low-as-unemployment-drops.html

Trade Deficit Up 34 Percent On Last Year

Cambodia’s trade deficit in the first half of the year grew 34.31 percent compared with the same period in 2011, reaching $1.36 billion, according to data released by the Ministry of Commerce. Though revenues earned from exports grew 12.13 percent to about $2.50 billion, a growing ...

Hana plugs into Cambodian market

Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from ...

http://www.bangkokpost.com/business/economics/339371/hana-plugs-into-cambodian-market

FAO Raises Paddy Production Outlook

The Food and Agriculture Organization of the United Nations (FAO) has raised its forecast of global paddy production in 2012 by about 1.5 million tonnes to 730 million tonnes (487 million tonnes, milled). The scaling up of production mainly concerned Asian countries, in particular Cambodia, ...

http://www.cambizreview.com

Report Says Quarter of Forests Have Been Cleared in 40 Years

Cambodia has lost almost a quarter of its forests in the past 40 years due to rapid development and China’s demand for timber, according to a new report released yesterday by the World Wildlife Fund (WWF) on the Greater Mekong Region. Looking at five countries in ...

http://www.cambodiadaily.com

All quiet in Siem Reap for houses and land

Although Siem Reap is known as the land of smiles, the growth of the culture, civilization and power, the real estate sector in the province for the first six months of 2013 has not increased a great deal. The buying or selling of properties in Siem ...

http://www.phnompenhpost.com/real-estate/all-quiet-siem-reap-houses-and-land

Ratch pulls out of JV for Cambodia power plant

Ratchaburi Electricity Generating Holding will cancel its joint-venture agreement with KK Power to build a 1.8-gigawatt coal-fired power plant in Koh Kong province of southwestern Cambodia. Pongdith Potchana, chief executive of Ratch, said yesterday that the company had revised the plan after its analysis indicated that ...

http://www.nationmultimedia.com/business/Ratch-pulls-out-of-JV-for-Cambodia-power-plant-30213082.html

Cambodian oil imports decrease by 2.2 per cent

Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce. Industry experts said the drop did not ...

Chan Muy Hong
http://www.phnompenhpost.com/business/cambodian-oil-imports-decrease-22-cent

Organizations Push for Employment of Disabled Persons in Provinces

Local and international organizations on Tuesday marked International Day of Persons With Disabilities by calling on the government to extend its efforts to employ more disabled people beyond Phnom Penh’s environs. A sub-decree attached to the government’s Disability Law, enacted in July 2009, states that the ...

Matt Blomberg and Ben Sokhean
http://www.cambodiadaily.com/news/organizations-push-for-employment-of-disabled-persons-in-provinces-48540/

Insurance claims through the roof

Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...

Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof

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