Soybean Prices Increase as Farmers Move Away From Crop
The decreasing amount of farmers harvesting soybeans last year has limited supply and raised prices at the markets roughly 42 percent to 4,000 riel per kg, or about $1, according to an agricultural official and farmers. Cheam Chan Sorphaon, director of the provincial agriculture department in ...
Cambodia Surges Full-Speed Ahead With Land Concessions
The government has already granted roughly 300,000 hectares in economic land concessions (ELC) so far this year, according to data released by a local rights group yesterday. The figure, which amounts to 40 percent of the total land concessions granted in all of 2011, has ...
US Agents Poised to Seize Khmer Statue
Government officials and a representative at Unesco in Phnom Penh yesterday said that Sotheby’s in New York had no right to a 10th-century Khmer statue worth more than $2 million that US federal agents were expected to seize from the auction house today. On Wednesday, New ...
Cycling campaign for Prey Preah Roka starts
Some 10 environmental activists launched the Riding a Bicycle for Prey Preah Roka campaign from November 29 to December 2.203;203; They will ride across 300km from Phnom Penh to Preah Vihear province to promote natural resource protection and conservation amid threats of deforestation in the forestry ...
Voun Dara
https://www.phnompenhpost.com/national/cycling-campaign-prey-preah-roka-starts
Cambodia seeing a solar surge as prices drop
Cambodia is lighting up with solar power as international politics gluts the world market with inexpensive equipment options, according to industry insiders. The lowering or complete end of subsidies for US, European and Australian firms, along with China’s backing of the renewable energy sector, has seen ...
Ocean Garment strike to end, workers return
More than 50 police officers exchanged heated words with Ocean Garment strikers yesterday afternoon, marching for over an hour to Phnom Penh Municipal Court in support of five worker representatives suspended by the company. Mid-protest, however, the group of more than 2,500 – who have been ...
Rat meat on the menu at the Vietnamese border
Eating rat is a common phenomenon over the border in Vietnam, but increasing numbers of Cambodians in nearby villages are adopting rodent cuisine with relish. As many as three tonnes of rats are caught every day in Cambodia and exported to Vietnam to feed a ...
Number of Airport Passengers Soars in 2012
The number of passengers arriving at Cambodia’s two main airports in the first eight months of the year increased 17.7 percent to more than 1.3 million people, compared to about 1.1 million people during the same period last year, figures released by Cambodian Airports show. Between ...
Slowdown in garment exports from Cambodia
The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497
Maid may be stuck in Malaysia
The mother of a domestic maid allegedly stranded in Malaysia has become the latest Cambodian claimant to file an official complaint to the Ministry of Interior over labor abuse in the country. Em Sokhum said her 24-year-old daughter Chher Sophorn left to pursue work in Malaysia more than ...
Water plant means eviction for families in Sihanouk
Despite authorities turning a blind eye to their villages for more than 15 years, about 2,000 families living near Preah Sihanouk province’s Kbal Chhay waterfall face imminent eviction to make way for a clean-water processing plant, officials said yesterday. Prime Minister Hun Sen’s recent bold move ...
http://www.phnompenhpost.com/index.php/2012062156930/National-news/water-plant-means-eviction.html
Public, Private Sector Air Concerns on Growth
A lack of economic diversity, faith in the banking sector and slow growth in vocational training and education topped the list of concerns among economists and investors yesterday at a meeting organized by the Asian Development Bank (ADB) and the government. According to data released ...
PTT signs agreement to set up retail oil venture in Myanmar
PTT Plc, the national energy conglomerate, is moving forward with plans to establish a retail oil business in Myanmar by working with a local partner Currently, oil consumption per head in the neighbouring country is very low at 38 litres annually, compared to 140 litres in ...
Cambodia inaugurates China-financed new container terminal
Cambodia on Tuesday inaugurated a new container terminal of the Phnom Penh Autonomous Port, turning the port as a large hub for logistics supply and goods collection and distribution. The inauguration ceremony was presided over by Cambodian Prime Minister Hun Sen and Chinese Ambassador to Cambodia ...
http://news.xinhuanet.com/english/china/2013-01/22/c_132119517.htm
GMAC members double
The number of companies registering to become members of the Garment Manufacturing Association in Cambodia (GMAC) doubled last year, with more investment in value-added products. GMAC said the number of new members reached 120 last year, compared with 60 newcomers in 2011. “Labour-intensive industries in China ...
http://www.phnompenhpost.com/2013013061067/Business/gmac-members-double.html
Loans, deposits mirroring growth
Loans and deposits at Cambodia’s 32 commercial banks rose by more than 30 per cent and 20 per cent, respectively, year-on-year in the first half of 2012, which the central bank governor and economists said reflected the growth in economic activities even as export growth ...
http://www.phnompenhpost.com/index.php/2012072457572/Business/loans-deposits-mirroring-growth.html
Cambodia Inaugurates China-funded Road in N Provinces
Cambodia on Wednesday inaugurated a 128-kilometer China-funded national road No. 62 in an effort to boost social and economic development in northern provinces. The road, from Kampong Thom province’s Kampong Svay district to the provincial town of Preah Vihear province, cost about 52 million U.S. dollars ...
Land Ministry Officials Charged With Corruption
The Phnom Penh Municipal Court has charged four senior officials at the Ministry of of Land Management with corruption and placed them in pretrial detention at Prey Sar prison on Thursday evening, officials said. On Monday, Sa Reth Boramy, deputy director of the ministry’s department of land ...
Cambodia And Vietnam Trade Continues To Grow In 2012
Trade between Vietnam and Cambodia exceeded US$1.9 billion dollars in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday. Speaking at a news conference, an association official said Vietnamese exports to Cambodia came to $1.6 billion in the seven ...
Cambodian Oil Transparency Group Sponsors Annual Conference
Cambodians for Resource Revenue Transparency (CRRT) will host a one-day National Conference Nov. 2 on the Best Practice of Governance in Extractive Industries and Revenue Management. The conference, to be attended by representatives from the Association of South East Asia Nations (ASEAN), will also include representatives ...
http://eon.businesswire.com/news/eon/20121030005350/en/oil/gas/mining