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 ...
IMF says Cambodian economy to grow 6.5 per cent, but warns of risks
Cambodia’s economy is expected to grow 6.5 per cent in 2012, up from 5.75 per cent last year, the International Monetary Fund said in its annual review, adding that government policies to boost the investment climate were paying off. However, in its assessment, which was released ...
Kingdom’s consumers told to save gas
Economy and Finance Minister Keat Chhon yesterday urged consumers to limit their gasoline consumption in the face of rising prices, saying the Cambodian government would not boost the hundreds of millions of dollars he claimed it already offered in fuel subsidies. Speaking at the Ministry of ...
Illegal bird netting in Koh Kong destroyed
Some 3,200m of netting used to illegally poach birds was destroyed by Stung Prot and Wildlife Alliance forest rangers on Tuesday after they were discovered laying in mangrove growth south of the Cardamom Mountains. Southern Cardamom Forest Protection Programme field coordinator Dragos Ionescu said on ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/illegal-bird-netting-koh-kong-destroyed
Gov’t set to act on plastic waste
The government, civil societies and relevant partners have jointly committed to acting on the plastic waste crisis that is adversely affecting the environment, wildlife and public health. The joint commitment was made on Tuesday during the “Action Against Plastic Waste in Cambodia” forum in the ...
Long Kimmarita
https://www.phnompenhpost.com/national/govt-set-act-plastic-waste
Meeting sets out action plan for women's economic empowerment
Poor education and a lack of skills are still major challenges for Cambodian women and a recent meeting in Phnom Penh with the Ministry of Women’s Affairs and the United Nations Development Program set out to validate an action plan on women’s economic empowerment that ...
Official says resettlement sites are good for development
Widely different interpretations of the government’s land policy were voiced at a conference on Land Security and Housing Rights on Thursday in Phnom Penh, with civil servants defending mass relocations, while rural evictees spoke of being forced into poverty due to loss of their land. ...
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 ...
Hundreds Protest Lao Dam Project
The Venerable Sann Leang, executive director of NGO Environmental More than 500 villagers held a march in eastern Cambodia Friday to protest a controversial dam project on the Mekong River in Laos they say is undergoing construction despite a pledge to halt progress while officials ...
http://www.rfa.org/english/news/cambodia/dam-06292012165509.html
Move to lift energy efficiency in Cambodia
A national energy efficiency policy is currently in development, officials told the Post last week. Experts at the Ministry of Industry, Mines, and Energy (MIME) and the multi-donor fund EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) are in discussions about details of the policy, ...
http://www.phnompenhpost.com/2013022061465/Business/move-to-lift-energy-efficiency-in-cambodia.html
Private residential property in Cambodia attracting foreign investors
Private residential property in Cambodia is being seen by some investors as relatively cheap, with potential for attractive returns. Industry players believe these factors are the main draw for foreign buyers, looking to grow their money in Cambodia. Keuk Narin, vice president of Asia Real Estate Cambodia ...
http://www.channelnewsasia.com/stories/marketnews/view/1253968/1/.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 ...
Fourth missing in dam disaster, say witnesses
Workers who directly witnessed the Stung Atai dam accident more than a week ago have contested government accounts, telling the Post four, not three, men were still missing after an outlet pipe burst. Those working or living near the dam also told the Post investigations pledged ...
http://www.phnompenhpost.com/National/fourth-missing-in-dam-disaster-say-witnesses.html
Recent Development and Economic Outlook
The UN’s assessment suggests that Cambodia is one of the top five countries that have made significant progress toward meeting its MDGs by 2015. The poverty rate has dropped dramatically from 47.50 percent in 1993 to 34.70 percent in 2004 and 23 percent in 2011, ...
Strongman's hand in BHP deal
A BHP Billiton mining deal being investigated for alleged corruption was personally overseen by Cambodian strongman Hun Sen, diplomatic cables reveal. The miner’s aborted attempt to establish a bauxite mine in Cambodia, and its hospitality program for Chinese officials at the 2008 Beijing Olympics, are at ...
http://www.smh.com.au/national/strongmans-hand-in-bhp-deal-20130325-2gqae.html
Wary of China, Companies Head to Cambodia
Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...
Asian garment industry to undergo further segmentation
The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...
http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm
Decision Pending in Dispute Between Villagers, Businesswoman
Farmers in Kompong Chhnang province locked in a land dispute with a local businesswoman are waiting for the government to make a decision on who owns the property after student volunteers measured the area earlier this month as part of Prime Minister Hun Sen’s nationwide ...
http://www.cambodiadaily.com/news/decision-pending-in-dispute-between-villagers-businesswoman-20022/
Investments in Cambodia Up
Vietnam’s investment in Cambodia has increased significantly in the last three years, but a mechanism to encourage and oversee investments in prioritized sectors is needed, according to diplomatic sources. Tan Nguyen Tien, head of the economic section at the Vietnamese embassy in Phnom Penh, said Vietnam’s ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjA1NjRhYTIxOTd
Some Return After Eviction From Coastal Resort Development
Thousands of people have been evicted from their homes to make way for a Chinese development in Koh Kong province. But some of the families have returned to their land, leaving a relocation site they say was insufficient for their needs. For families like those of ...