ANZ says no to evicted Cambodian farmers
ANZ has ruled out helping hundreds of poor Cambodian families forcibly evicted from their land to make way for sugar-cane plantations that involved child labour and led to food shortages. Fairfax Media this year revealed confidential audits that disclosed that ANZ’s Cambodian subsidiary, ANZ Royal Bank, ...
Richard Baker and Nick McKenzie
http://www.brisbanetimes.com.au/national/anz-says-no-to-evicted-cambodian-farmers-20140819-105sib.html
WB puts GDP growth at 6.9 percent
The economy will grow at a rate of 6.9 percent in 2018, according to the latest report from the World Bank. Other international financial institutions have issued similar forecasts this month, with the Asian Development Bank (ADB) and the International Monetary Fund (IMF) putting national ...
Sok Chan
https://www.khmertimeskh.com/50302559/wb-puts-gdp-growth-at-6-9-percent/
‘Policymakers still stuck in comfort zone’
As the global economy faces a challenging growth environment, developed and least developed countries are increasingly competing for export markets to spur growth, with many – like Cambodia – aiming to diversify markets as well as products. Cambodia has relied primarily on exports of ...
May Kunmakara
http://www.khmertimeskh.com/news/18178/---policymakers-still-stuck-in-comfort-zone---/
Microfinance growth slows in final quarter
Growth in the country’s expanding microfinance sector slowed slightly in the last quarter of 2015, but both loans and deposits finished the year about 45 percent higher than at the end of 2014, according to figures from the Cambodia Microfinance Association (CMA). ...
Kang Sothear
https://www.cambodiadaily.com/news/microfinance-growth-slows-in-final-quarter-107138/
ADB ups support for region’s trade finance
The Asian Development Bank (ADB) and the OPEC Fund for International Development have signed an agreement to support trade in emerging Asian countries under the ADB’s Trade Finance Program, according to a news release. The risk distribution agreement will support a projected incremental trade flow between ...
Construction Set to Resume at CamKo City
Construction on Phnom Penh’s CamKo City project will resume after a year’s suspension following a fraud scandal that left its original financial backer bankrupt, an official at the Ministry of Land Management said Wednesday. CamKo City, located in Phnom Penh’s Russei Keo district, was halted ...
Hul Reaksmey
http://www.cambodiadaily.com/business/construction-set-to-resume-at-camko-city-45747/
CamKo struggles to move beyond crash
From the start, the project seemed impossibly ambitious: A $2-billion South Korean satellite city—complete with condominiums, office space, luxury villas, a shopping mall, health clinics, banks and an airport—on the outskirts of Phnom Penh. Claiming the land was not properly appraised, and that the decision ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/camko-struggles-to-move-beyond-banks-collapse-71320/
Boosting of resin production a way to increase rural incomes
Environmental groups that gathered at the Himawari Hotel in Phnom Penh on Friday said that tens of thousands of rural Cambodians could benefit from the development of the country’s resin industry. At a conference held by the Non-Timber Forest Products Exchange Program for South and Southeast ...
A ‘good neighbour’ policy
Australian Foreign Minister Bob Carr chose Cambodia as his first official overseas trip since his March 2 appointment to the top foreign policy job. The Australian Labor Party politician, former journalist and longtime premier of New South Wales sat down on Monday evening with the ...
http://www.phnompenhpost.com/index.php/2012032855289/National-news/a-good-neighbour-policy.html
Cambodia rangers get S. African help
Sixty Cambodian wildlife park rangers will be trained by South African experts next year, funded by video streaming content revenue generated by a partnership between the World Wildlife Fund (WWF) International and the Canadian-based international English-language TV channel, Love Nature. WWF International will leverage scenes from ...
Peter Olszewski
http://www.khmertimeskh.com/news/29629/cambodia-rangers-get--s--african-help/
UN Rights Official Urges Cambodia to Ratify Convention To Protect Workers Abroad
A top UN diplomat has encouraged Cambodia to ratify a convention that would protect its migrant workers abroad. James Heenan, from the office of human rights at the UN, said in a forum in Phnom Penh that Cambodian workers abroad often see their rights violated. .. ...
Hor Namhong Rejects Blame For Failed Talks
Foreign Minister Hor Namhong on Friday put the blame for last week’s failure among Asean countries to release a joint communiqué on territorial disputes in the South China Sea firmly back on Vietnam and the Philippines. More than a week since discussions related to the territorial dispute between Asean’s members ...
Koreans aim for medical tourists from Kingdom
The 24,000 Cambodians who visited South Korea during 2011 included about 100 people going for medical services, most of them high-ranking Cambodian government officials, according to Charm Lee, President of the Korea Tourism Organization. At a Korean Medical Tourism conference on Saturday at Sofitel in Phnom ...
Construction of new airport planned for 2014
After being delayed twice, construction of the New Siem Reap International Airport (NSRIA) is expected to start in early 2014, a senior government official said yesterday. Tek Reth Samrach, chairman of the NSRIA steering committee, said a detailed plan must be completed by the airport’s two ...
Chan Muy Hong
http://www.phnompenhpost.com/business/construction-new-airport-planned-2014
Cambodia's ethnic Khmer Krom ends 3-day protest against Vietnamese diplomat
Some 500 ethnic minority Khmer Krom monks and activists concluded Wednesday their three-day protest against a Vietnamese diplomat, who reportedly said that South Vietnam, or former Kampuchea Krom provinces, belonged to Vietnam prior to France’s official transfer of the land in 1949. The protest ended without ...
Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=235133
Cambodia imports vehicles worth 554 mln USD in 9 months
Cambodia spent 554 million U.S. dollars to purchase automobiles and motorcycles from foreign countries in the first nine months of this year, up 85 percent from 299 million U.S. dollars a year earlier, according to the Commerce Ministry Friday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-10/31/c_133756588.htm
Ratings Agency Retains Stable Growth Outlook for Cambodia
Rating agency Standard & Poor’s (S&P) on Friday reaffirmed Cambodia’s long-term sovereign credit rating of “B” due to the country’s positive growth outlook, but again warned of risks related to the country’s narrow economic base. “Economic output growth is vulnerable due to the still large ...
Millers need greater access to credit: Govt
The Ministry of Commerce and bank officials announced yesterday that they will hold a meeting next month aimed at better facilitating rice millers’ access to credit. The move is part of the Asian Development bank’s Climate Resilient Rice Commercialization Sector Development program to address food security ...
http://www.phnompenhpost.com/2013031161863/Business/millers-need-greater-access-to-credit-govt.html
Land Titling Program Favors Wealthy Businessman
In Washington today, attendees of the World Bank’s Annual Conference on Land and Poverty will hear a flattering account of Prime Minister Hun Sen’s ambitious project to furnish nearly half a million Cambodian families with new private land titles just in time for July’s national ...
http://www.cambodiadaily.com/news/land-titling-program-favors-wealthy-businessman-17831/
Petroleum imports surge on economic growth
A resurgent economy and efforts to crack down on smuggling have led to a large increase in petroleum imports, according to experts. Cambodia has imported 756,139 tonnes worth US$692 million in the first half of the year, from 440,607 tonnes worth $296 million in the ...