Microfinance formed over 30% of Cambodia’s 2022 GDP
Microfinance has grown exponentially in Cambodia and is not as stressed as reported by the international media, according to a study by research firm M-CRIL in partnership with the Cambodia Microfinance Association (CMA). A sector which had only 50,000 clients in 1995, now services 2.1 ...
Rachel.David
https://www.khmertimeskh.com/501429233/microfinance-formed-over-30-of-cambodias-2022-gdp/
As Phnom Penh Grows, So Does Its Sewage Problem
Since 1998, Phnom Penh’s population has doubled to more than 2 million. High-rise buildings have popped up in the city’s center and housing developments have been hastily erected. Yet the city’s antiquated, decades-old drainage system has undergone little improvement in that time and experts say the ...
Resurgent mobile deals could hurt margins, analysts say
‘Top up $2 and get 30 free minutes daily for 20 days. Top up $5 and expand the same offer for a month. And, for a $10 recharge, that half-an-hour freebie lasts 50 days.” Mobile operator Beeline, which announced the promotion in August, called it “another ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/resurgent-mobile-deals-could-hurt-margins-analysts-say
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 ...
Fishing nets killed rare river dolphin
Kratie’s provincial Department of Tourism on Tuesday said an illegal fishing net caused the death of an endangered Irrawaddy dolphin in the province’s Sambok village. Rangers spotted the 110kg carcass of a female floating in the sea around 2.27m from Anlong Preah Sang. “We all ...
Voun Dara
https://www.phnompenhpost.com/national/fishing-nets-killed-rare-river-dolphin
Japan-Cambodia ink clean water supply agreement
Minister of Foreign Affairs and International Cooperation Prak Sokhonn and Japanese Ambassador Masahiro Mikami on Wednesday signed a grant agreement for ¥2.4 million ($22 million) on the “Project for Expansion of Clean Water Supply System in Pursat Province”. The agreement, finalised at the Ministry of ...
Mech Dara
https://www.phnompenhpost.com/national/japan-cambodia-ink-clean-water-supply-agreement
Pailin land dispute brought to capital
About 100 villagers from Pailin province travelled to Phnom Penh yesterday to ask Prime Minister Hun Sen to intervene in their 70-hectare land dispute with the provincial governor, a village representative said. Dem Deam, 40, a resident of Pailin’s Stung Trang commune in Sala Krao district, ...
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
Corporate: China powers its way through Cambodia
In the hilly wilderness across southwestern Cambodia, the foundations of the country’s strengthening bonds with China are taking root. It is there that large dams supported by Chinese money are being built to literally bring the impoverished Southeast Asian nation out of darkness. The largest of ...
http://www.hydroworld.com/news/2013/02/18/corporate-china-powers-its-way-through-cambodia.html
Hana plugs into Cambodian market
Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from ...
http://www.bangkokpost.com/business/economics/339371/hana-plugs-into-cambodian-market
Bids called on Cambodia rail link
The State Railway of Thailand (SRT) will call an e-auction on April 10 on work to renovate damaged tracks connecting Thailand with Cambodia at the Aranyaprathet-Poipet crossing, Transport Minister Chadchat Suttipan said on Tuesday. The railway agency estimated the project will cost 2.8 billion baht. ...
http://www.bangkokpost.com/breakingnews/343563/thailand-to-open-bid-to-rebuild-tracks-with-cambodia
Mobile Firms Agree to Stop Price Dumping
Cambodia’s nine mobile phone operators on Friday agreed to refrain from engaging in unfair competition by offering generous top-up bonuses aimed at increasing their market share, officials said. Mao Chakrya, director of the Telecommunication Regulator of Cambodia (TRC), said that all of the country’s operators agreed ...
http://www.cambodiadaily.com/business/mobile-firms-agree-to-stop-price-dumping-20689/
World Bank Says Credit Growth Still a Risk
The World Bank has warned that the rapid growth of lending by Cambodia’s Banks is still a concern, despite a recent slow-down in credit disbursals. “Credit growth, which has been driven largely by wholesale and retail financing, and starting in 2011 agriculture financing, has eased to ...
http://www.cambodiadaily.com/business/world-bank-says-credit-growth-still-a-risk-20690/
Largesse and threats ahead of election
Prime Minister Hun Sen warned thousands of villagers yesterday that his most popular initiatives, including his far-reaching land-titling scheme, will simply disappear if he is not re-elected in July’s national election – amid suggestions his campaigning has unofficially begun. In a marked shift from his apparent ...
http://www.phnompenhpost.com/2013032664688/National/largesse-and-threats-ahead-of-election.html
Tax revenue sees a 27 per cent jump
The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...
http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html
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
Report Says Quarter of Forests Have Been Cleared in 40 Years
Cambodia has lost almost a quarter of its forests in the past 40 years due to rapid development and China’s demand for timber, according to a new report released yesterday by the World Wildlife Fund (WWF) on the Greater Mekong Region. Looking at five countries in ...
All quiet in Siem Reap for houses and land
Although Siem Reap is known as the land of smiles, the growth of the culture, civilization and power, the real estate sector in the province for the first six months of 2013 has not increased a great deal. The buying or selling of properties in Siem ...
http://www.phnompenhpost.com/real-estate/all-quiet-siem-reap-houses-and-land
GL to buy Cambodian firm
SET-listed Group Lease Plc (GL) plans to acquire a microfinance company in Cambodia as part of its effort to boost overseas revenue to more than 50% by 2015. GL’s chief executive Mitsuji Konoshita said negotiations are nearly finalised and the acquisition will be made through ...
Bangkok Post News Staff
http://www.bangkokpost.com/news/asia/378183/gl-to-buy-cambodian-firm