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CDC approves three projects worth $11M

Three investment projects worth more than $11 million were approved by the Council for the Development of Cambodia (CDC) this week, a CDC press release said on Wednesday.​ CDC approved the establishment of the SWJ (Cambodia) Garment Co, Ltd, in Kampong Speu province’s Chbar Mon ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-three-projects-worth-11m

Trading volume drops on new Cambodia Securities Exchange

The Cambodia Securities Exchange has seen a sharp decrease in action this week, with trading volume yesterday falling to 3,453 shares, down nearly 100 per cent from Monday. Despite the drop, which was accompanied by a strong shift from institutional to retail investors, experts have stressed the time ...

http://www.phnompenhpost.com/index.php/2012042755811/Business/trading-volume-drops-on-new-csx.html

Mekong river monitoring network improvement receives French support

The French Government today granted EUR 1.5 million to the Mekong River Commission (MRC) to improve and expand its river monitoring network for better river monitoring and management of water infrastructure project operations along the mainstream and key tributaries of the Mekong.   ...

Khmer Times Staff
https://www.khmertimeskh.com/50858213/mekong-river-monitoring-network-improvement-receives-french-support/

Canal restoration in Preah Sihanouk set to be done in three months

Minister of Public Works and Transport Sun Chanthol said at the start of the restoration of five canals in Preah Sihanouk province on Monday that the work had to be completed in three months to avoid further flooding. A report by the Ministry of Public ...

Voun Dara
https://www.phnompenhpost.com/national/canal-restoration-preah-sihanouk-set-be-done-three-months

Chinese Credit Cache

Prime Minister Hun Sen has returned home from his trip to China a wealthier leader having secured upwards of US$2.5 billion in Chinese investment and loans over the next year alone, officials from the Ministry of Foreign Affairs said yesterday. The package includes a $2 billion ...

http://www.phnompenhpost.com/index.php/2012090458485/National-news/pm-secures-us2-billion-steel-project-from-chinese.html

Xayaburi dam stirs debate on Mekong River Commission

When ministers from the four member countries of the Mekong River Commission and donors meet in Luang Prabang, Laos this week, the future role of the agency will be on the table. Questions about the effectiveness of the Mekong River Commission, set up in 1995 to ...

http://www.bangkokpost.com/news/asia/330603/xayaburi-dam-stirs-up-debate-on-mekong-river-commission

Chinese Investments in Cambodia Ignore Environment Queries

China’s expanding investment portfolio in Cambodia has brought into sharper focus the darker side of the Asian giant’s “development projects” in the impoverished Southeast Asian nation. And it is in the southwestern corner of Cambodia—known for its rich biodiversity, forest covered hills and bubbling rivers—where this ...

http://www.irrawaddy.org/archives/30883

Cambodian textile workers who supply UK clothing stores ‘starving’ and suffering 'mass faintings'

By the time London Fashion Week comes to a close, 58 high-end designers will have shown their collections. Rail-thin models will have walked the runways. Debate will have raged over size zero. In Cambodia, meanwhile, garment workers stitching clothes that supply the UK high street are ...

Poppy Mcpherson
http://www.independent.co.uk/life-style/fashion/news/cambodian-textile-workers-who-supply-uk-clothing-stores-starving-and-suffering-mass-faintings-8820468.html

Opposition Voters in Preah Vihear Claim Threat of Eviction

Locals and rights groups on Wednesday said dozens of farmers in a village in Preah Vihear province have been singled out for eviction after supporting the opposition CNRP in last month’s vote, a claim their village chief denied. Residents of Choam Ksan district’s Kom Prak village ...

http://www.cambodiadaily.com/elections/opposition-voters-in-preah-vihear-claim-threat-of-eviction-39615/

Newspaper threatened over child labour story

A Thai-owned sugar company has threatened legal action against a newspaper that ran a story and video depicting the use of child labour at its Koh Kong province plantation, but advocates on the ground there say the children are indeed used as employees. The Bangkok Post yesterday reported ...

Sean Teehan and Cheang Sokha
http://www.phnompenhpost.com/national/newspaper-threatened-over-child-labour-story

Apartment demand falters in Q3

The apartment rental market was flat in the third quarter after strong growth earlier in the year, with oversupply and political tensions among the causes blamed by realty experts. Chrek Soknim, deputy director of VTrust Property Co, Ltd, said that growth has stagnated after the January-March ...

Siv Meng
http://www.phnompenhpost.com/real-estate/apartment-demand-falters-q3

Canadia CEO Sheds Light on $2.3M Embezzlement Scheme

The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious bank accounts and using fraudulent credit cards to withdraw money from those accounts, the bank’s CEO said Monday, the first time Canadia has ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/canadia-ceo-sheds-light-on-2-3m-embezzlement-scheme-45660/

Prime Real Estate May Be Set for Development

A 5,000-square-meter plot of land owned by the local Sokimex Group on Phnom Penh’s Street 154, near Wat Ounalom and Kandal market, could be the site of a new, multi-story hotel, the conglomerate’s CEO said Tuesday. Sok Kong, Sokimex CEO, said Tuesday that construction of a ...

Aun Pheap and Joshua Wilwohl
http://www.cambodiadaily.com/business/prime-real-estate-may-be-set-for-development-46269/

Minister Says Challenges Remain in Achieving Gender Equality

Women’s Affairs Minister Ing Kantha Phavi on Tuesday defended the government’s policies on promoting gender equality and preventing discrimination against women, but conceded that challenges remain in achieving principles set out in the U.N.’s convention to stop discrimination against women. Speaking in Geneva to the U.N. ...

Lauren Crothers
http://www.cambodiadaily.com/news/minister-says-challenges-remain-in-achieving-gender-equality-44708/

Malaysia Fails to Guarantee Cambodian Maids’ Human Rights

The Ministry of Labor hopes that a new Memorandum of Understanding (MoU) will see Cambodia resume sending domestic workers to Malaysia by February, but negotiations on the document have stalled after Malaysia recently rejected 90 percent of proposed provisions to protect workers’ rights. Most strikingly, Malaysia ...

Matt Blomberg and Khy Sovuthy
http://www.cambodiadaily.com/news/malaysia-fails-to-guarantee-cambodian-maids-human-rights-49629/

Food Vendors Feel the Bite of Soaring Inflation

Two months ago, Sok Sathya spent less than a dollar for a kilogram of oranges to sell from his sidewalk stall across from a row of garment factories in Phnom Penh’s Meanchey district. Now the same oranges cost Mr. Sathya, 39, more than 6,000 riel, or ...

Hul Reaksmey and Colin Meyn
http://www.cambodiadaily.com/news/food-vendors-feel-the-bite-of-soaring-inflation-50773/

Long-Awaited Phnom Penh Bus Service Begins One-Month Trial

A fleet of 10 municipal buses was set to roll out early this morning, commencing a one-month public bus service trial along a single route on Monivong Boulevard. If successful, the bus route will mark the first step in establishing a long-overdue public transit system to ...

Simon Henderson and Khuon Narim
http://www.cambodiadaily.com/news/long-awaited-phnom-penh-bus-service-begins-one-month-trial-51446/

More four-star generals added to RCAF’s top-heavy ranks

The number of four-star generals in the Royal Cambodian Armed Forces (RCAF) grew Thursday as 29 former lieutenant generals were promoted at a ceremony in Phnom Penh presided over by Defense Minister Tea Banh, who last month underlined the army’s role as defender of Prime ...

Khy Sovuthy
http://www.cambodiadaily.com/news/more-four-star-generals-added-to-rcafs-top-heavy-ranks-52240/

Sihanouk statue waves down on Royal Palace

A familiar figure has popped up atop a building that authorities in Phnom Penh ordered demolished in October for violating height restrictions around the Royal Palace: a statue of late King Father Norodom Sihanouk. “I have built a King statue on the top of my building ...

Aun Pheap
http://www.cambodiadaily.com/news/sihanouk-statue-waves-down-on-royal-palace-56896/

Executive outlook for 2020

Despite internal and external challenges, the Cambodian economy reached even greater heights last year, with the government reporting economic growth of 7.1 per cent – the highest in the Asean region. However, China-US trade tensions and protectionist policies remain obstacles, with the government forecasting 6.5 ...

May Kunmakara
https://www.phnompenhpost.com/business/executive-outlook-2020

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