IFC seeks more Australian partnerships in emerging markets
INTERNATIONAL Finance Corporation, the private-sector arm of the Washington-based World Bank, has invested $US805 million ($770m) in Australian projects around the world
These projects are in 24 countries and in sectors ranging from financial services to infrastructure. IFC is an investor in three Macquarie Group-sponsored infrastructure
Vietnamese Goods Fair Opens In Phnom Penh
The 10th High Quality Vietnamese Products and Exports trade fair opened yesterday in the Cambodian capital city of Phnom Penh.
It has attracted around 150 firms who have set up 250 booths to display more than 2,000 products, including electronics, consumer goods, stationary, books, construction materials,
Offshore refueling on the horizon
Danish marine fuel company Go4 Bunker Denmark yesterday launched the first company in Cambodia to supply ship fuel to vessels traveling through Cambodia’s waters, according to officials.
The launch ceremony for the newly established Go4 Bunker Cambodia Co Ltd yesterday was presided over by Danish Princess
Mooted casino tax shot down by ruling party
Casinos are first and foremost for protecting Cambodia’s border, not for making money, government lawmakers insisted in parliament yesterday when drilled about their opposition to raising gambling taxes.
Seizing on an off-the-cuff comment made by Prime Minister Hun Sen during a speech in August, Finance Minister
Land activists targeted, rights groups say
Prominent female land activists Tim Sakmony and Yorm Bopha, who have been locked in Prey Sar prison since their arrest in early September, will face court today on charges rights groups say have been fabricated to stop them and others from protesting.
Hundreds of the women’s
http://www.phnompenhpost.com/2012122660488/National/land-activists-targeted-rights-groups-say.html
Cambodia, UAE set to boost cooperation in economics, tourism
Cambodia and the United Arab Emirates (UAE) are in talks to promote bilateral cooperation in trade, investment and tourism on Wednesday.
In the meeting, both sides discussed a Memorandum of Understanding (MoU) on aviation in order to enable UAE airlines to operate direct flights from
http://news.xinhuanet.com/english/world/2013-01/23/c_132123114.htm
Act on environment, UN urges
The government needs to enforce legislation on protecting the environment, even as it gives away masses of land and resources in concessions, or risk jeopardising its economic future, the UN assistant secretary-general for disaster risk reduction said yesterday.
“The most critical impact of disasters today is
http://www.phnompenhpost.com/index.php/2012042755821/National-news/act-on-environment-un-urges.html
Court Silent On Charges Against Monk
A Phnom Penh Municipal Court official yesterday refused to disclose the nature of “incitement” charges issued in February against well-known monk Loun Sovath, while the Ministry of Justice claimed it was unaware of the case against the social campaigner.
According to documents dated Feb. 14 and
National Budget
In 2011, the actual amount of domestic revenue collected during the year did not reach the set target, while actual budget expenditure exceeded the planned amount. As a result, the overall budget deficit grew to 7-3 percent of GDP in 2011.
For 2012 and 2013, while the execution of
Local Police Try to Shut Down Land Meeting
Local police in Ratanakkiri province’s Veun Sai district yesterday tried to shut down a community meeting in which villagers were being educated about land rights, because it was being held without permission, rights workers said.
According to Pen Bonnar, provincial coordinator for rights group Adhoc, two
CEDAC pools capital to produce organic rice
Cambodian Center for Study and Development in Agriculture (CEDAC), a Cambodian agricultural organisation, will collect US$20 million from the Kingdom’s farmers through 2022 in an attempt to accumulate capital for organic rice production.
Oun Sophal, president of CEDAC’s Farmer Network from Kampot province’s Dang Tong
Unions Set to Discuss Agreement on Strikes
After months of standstill, unions and the Garment Manufacturers Association in Cambodia (GMAC) are expected to convene at the end of the month to discuss an expired memorandum of understanding (MOU) aimed at reducing the amount of strike actions in the country, union leaders said
Japanese Oji Paper Company To Plant Trees for Producing Paper in Cambodia
The 4th world class Japanese Oji Paper Co. Ltd will invest in tree planting in Cambodia for paper manufacture. The information was made known here on Aug. 7 by the Japanese company’s Director Mr. Shimamura Gemmei in a meeting with Cambodian Minister of Agriculture, Forestry
Improve yields while the sun shines: NGO
This year’s dry spell could be an opportunity rather than a disaster for farmers, Cambodian Center for Study and Development in Agriculture (CEDAC) officials said yesterday.
Although drought has destroyed several thousand hectares of crops in the past two months, Cambodia’s largest agricultural NGO is encouraging farmers to
Cambodia set to produce halal food
Cambodia is being considered as a site for halal food production and rice milling by the United Arab Emirates, according to the UAE’s Foreign Trade Minister Sheikha Lubna Bint Khalid Al Qasimi yesterday.
Speaking during an official meeting with Prime Minister Hun Sen at the Peace
Ethnic Bunong Groups Granted New Land Titles
The government has completed the communal land-titling process for three ethnic Bunong communities in Mondolkiri province living on 1,000 hectares of land in Keo Seima district, villagers and a rights group said yesterday.
The three new titles-which will bring to six the total number of communal titles granted
Hun Sen vows to intervene as dollar plunges to 3,888 riel
Cambodian Prime Minister Hun Sen said Wednesday that the government would intervene to stem the riel’s sharp rise against the US dollar in recent days.
“The Cambodian riel has been rising for several days,” he told a land-distribution ceremony in Oral district in Kampong Speu province,
Landmines kill 41 Cambodians, injuring 121 others in 10 months
Cambodia on Monday recorded 162 landmine casualties in the first ten months of this year, down 4 percent from 155 casualties at the same period last year, showed a report from the Cambodian Mine and Explosive Remnants of War Victim Information System.
The report said that
http://news.xinhuanet.com/english/world/2012-12/03/c_132016467.htm
Rising tourism prompts ABA growth in Siem Reap
The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector.
The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the
Limited yarn supply troubles Cambodian silk industry
The silk industry of Cambodia is in rapid decline due to limited domestic supply of silk yarn and high cost of imported raw materials.
According to the latest data released by the Food and Agriculture Organization (FAO)-Cambodia, the Southeast Asian nation imports 395 tonnes of raw
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=122102
