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IMF revises GDP projection for Cambodia upward to 7%

The International Monetary Fund has revised Cambodia’s economic growth projection to between 6.5 and 7 per cent, up from 6.2 per cent in April, saying the country could manage a sound macro-economy because of the growth in four main sectors: manufacturing, tourism, agriculture and construction. According to Ek ...

http://www.phnompenhpost.com/index.php/2012100359056/Business/imf-revises-gdp-projection-for-cambodia-upward-to-7.html

Are banteng making a comeback in Cambodia? Researchers find new population

Researchers have discovered a new population of banteng (Bos javanicus), a species of wild cattle, in northwestern Cambodia. The discovery was announced June 4, 2014 by Fauna and Flora International (FFI), and efforts are underway to implement conservation initiatives to protect the area and its newfound banteng, ...

Janaki Lenin
http://news.mongabay.com/2014/0623-gfrn-lenin-banteng.html

Cambodia’s ongoing human trafficking problem

Svay Pak is an internationally known district for child sex in Cambodia’s capital of Phnom Penh, where foreign men come to seek sex with young girls. According to a 2011 study by ECPAT Cambodia, around 75 percent of the victims of sex trafficking within Cambodia were children. The study also ...

Kyla Ryan
http://thediplomat.com/2014/07/cambodias-ongoing-human-trafficking-problem/

Thai firm says Xayaburi project has begun

The controversial Xayaburi hydro-electric dam project in northern Laos may have already begun, despite countries, including Cambodia, requesting further studies to assess possible negative effects on Lower Mekong communities.Thai development firm Ch.Karnchang said it was due to begin building the dam on March 15 after finalising a ...

http://www.phnompenhpost.com/index.php/2012041955661/National-news/worrying-dam-claims.html

Hun Sen Asks UN Envoy to Help End Cambodia’s Political Crisis

Cambodia’s Prime Minister Hun Sen has called on a U.N. special envoy to press the country’s opposition to rejoin parliament and negotiate an end to the country’s political stalemate since disputed July elections, an official said Wednesday. Hun Sen met with U.N. special envoy for human ...

Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/intervention-01152014162154.html

Government confirms foreigners will need work permits for long-term visas

// // // // An Immigration Department official yesterday confirmed that foreigners requesting a long-term extension of their business visas would need to produce a work permit, with implementation of the rule starting September 4.    ...

Leonie Kijewski
http://www.phnompenhpost.com/national/government-confirms-foreigners-will-need-work-permits-long-term-visas

Cambodian Resorts on the Increase

International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in ...

http://www.phnompenhpost.com/index.php/Real-Estate/cambodian-resorts-on-the-increase.html

Cambodia's Ancient Silk Industry Hangs by a Fine Thread

Welcome to Cambodia’s lone Silkworm Egg Production Center, and to the techniques that are being used to prevent and monitor diseases that are currently killing off more than 50 percent of all silkworm production in the country. Established by the U.N.’s Food and Agriculture Organization (FAO), ...

http://www.cambodiadaily.com/business/cambodias-ancient-silk-industry-hangs-by-a-fine-thread-4662/

South Korea leads Asia’s big three as Cambodia’s leading investor

South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...

http://www.phnompenhpost.com/2013013161092/Business/south-korea-leads-asia-s-big-three-as-cambodia-s-leading-investor.html

Company Building Lower Sesan 2 Dam Gets OK to Clear Land

Representatives of a massive hydropower dam project in Stung Treng province’s Sesan district approached local authorities late last month informing them that the government had granted the company permission to clear 36,000 hec­tares of land for a reservoir, officials said on Sunday. The 400-megawatt Lower Se­san ...

http://www.cambodiadaily.com/news/company-building-lower-sesan-2-dam-gets-ok-to-clear-land-9252/

At Fuel Pumps, Price and Quality Are Anybody’s Guess

PHNOM PENH – Cambodia imports all of its fuel from abroad, but little regulation in the sector means everyday Cambodians see all kinds of prices at the pumps. Prices are high in Phnom Penh, while sometimes cheaper on the outskirts of the capital and even ...

http://www.voacambodia.com/content/at-fuel-pumps-price-and-quality-are-anybody-guess/1619374.html

Industry Sector

The real growth rate of the industry sector has been revised downwardly by half a percentage point against the previous estimate to 8.8 percent year-on-year in 2012. A scaling down of the growth estimate of the textile and garment sub sector, as a result of persistently weaker demand in the European and US ...

http://www.etmcambodia.com/

Sentencing swift in pic ripping case

Less than 36 hours after Wang Zia Chao provoked a strike by destroying two photos of the late King Father in front of hundreds of Cambodian garment workers, the Chinese factory manager was booked, charged and convicted by the Phnom Penh Municipal Court, which last ...

http://www.phnompenhpost.com/index.php/2012102459392/National-news/sentencing-swift-in-sihanouk-pictures-ripping-case.html

No Information on World Bank Bribery Allegations in Cambodia

More than a week after the World Bank blacklisted a Canadian construction firm over bribes allegedly paid in Cambodia and Bangladesh, it was still unclear Thursday whether the government, or the national anticorruption body, are investigating the allegations. SNC-Lavalin Inc. was banned from World Bank contracts ...

http://www.cambodiadaily.com/news/no-information-on-world-bank-bribery-allegations-in-cambodia-20363/

Cambodia unveils strategy to attract Chinese tourists

Cambodia’s Ministry of Tourism on Wednesday finalized its 5-year strategic plan to attract at least 1.3 million Chinese visitors by 2018. Speaking at a seminar on Cambodia tourism marketing strategy targeting China, So Visothy, director of the Tourism Ministry’s Marketing and Promotion Department, said that currently ...

http://news.xinhuanet.com/english/world/2013-06/19/c_132467692.htm

Cambodian Exports to EU See Rapid Growth in 2012

Cambodia’s exports to the European Union (E.U.) grew to $2.32 billion in 2012, a 23 percent increase compared to the previous year, according to the E.U.’s latest trade figures. The figures, released this week by the European Commission’s trade office, testify to the region’s growing role ...

http://www.cambodiadaily.com/news/cambodian-exports-to-eu-see-rapid-growth-in-2012-18329/

Cambodia's bourse sees slow progress in 1st year of operations

The Cambodia Securities Exchange (CSX) has seen slow progress in its first year of operations because there has been only one listed firm and public knowledge about the stock market remains low, officials said Thursday. The CSX was officially launched trading on April 18 last year ...

Nguon Sovan
http://news.xinhuanet.com/english/world/2013-04/18/c_132320982.htm

EU Draft Memo Defended Voter List Margin of Error

Audits of the voter list which claimed that up to 1 million people could lose their right to vote in the July 28 national election were attributed to an “unavoidable margin of error” due to many citizens not having national identity cards or a permanent ...

http://www.cambodiadaily.com/elections/eu-draft-memo-defended-voter-list-margin-of-error-32909/

Demand for Gold Rises as World Price Falls

Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...

http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/

Hun Sen Hopes for Increased Rubber Exports

Prime Minister Hun Sen said Wednesday that he hoped land being registered to rural families as part of the government’s nationwide land-titling program would be used to cultivate rubber trees in order to help the country compete with Vietnam as the world’s third-largest rubber exporter. ...

http://www.cambodiadaily.com/news/hun-sen-hopes-for-increased-rubber-exports-24502/

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