Compensation plan agreed to, says ADB
Following a scathing report from its internal watchdog about the resettlement of thousands of Cambodian families affected by a national railway rehabilitation project that it is funding, the Asian Development Bank has agreed with the government on an action plan for further compensation, it said ...
Kevin Ponniah
http://www.phnompenhpost.com/national/compensation-plan-agreed-says-adb
Economist Says Asean Likely To Miss Key Deadlines for Integration
Southeast Asian countries are likely to miss a deadline for the economic integration of Asean in 2015, a leading economist says. Jayat Menon, an economist for the Asian Development Bank, told reporters in Phnom Penh Wednesday that Asean countries are behind on key targets for integration ...
Suy Heimkhemra
http://www.voacambodia.com/content/economist-says-asean-likely-to-miss-key-deadlines-for-integration-/1899474.html
Land-grab complaint against ANZ filed with OECD
NGOs have filed a new complaint against Australia’s ANZ Bank claiming it owes compensation to 681 Cambodian families who say their farms were illegally grabbed by a sugarcane plantation the Bank helped to finance. ...
Zsombor Peter
http://www.cambodiadaily.com/news/land-grab-complaint-against-anz-filed-with-oecd-69444/
ADB, Japan assist grassroots push to reduce disaster impacts in Cambodia
The Asian Development Bank (ADB) and the Government of Japan are supporting a grassroots project to manage risks and reduce impacts from floods and other natural disasters in vulnerable communities in Cambodia. The Community-Based Disaster Risk Reduction project, financed by a $2.5 million grant from the ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/adb-japan-assist-grassroots-push-to-reduce-disaster-impacts-in-cambodia-7452
New pier to attract tourists
Kampot province’s City Hall yesterday revealed plans for a new passenger pier to siphon more coastal tourism business from Thailand and Vietnam. Sim Vuthea, administrative director of Kampot City Hall, said the new $40 million passenger pier, which will be funded by the Asian Development Bank ...
Chan Muyhong
http://phnompenhpost.com/business/new-pier-attract-tourists
No end date in sight for oil plant completion
Cambodia Petroleum Company says its $2.3 billion oil refinery is still in the early stages of construction, after being delayed twice since it announcement in 2013. The landmark oil refinery, to be built on 365 hectares across Kampot and Sihanoukville provinces, was first expected to be ...
Chan Muyhong
http://www.phnompenhpost.com/business/no-end-date-sight-oil-plant-completion
ADB: Adapting to 4IR will boost garments, tourism
A study conducted by the Asian Development Bank (ADB) recommended that Cambodia develop industry transformation maps in key sectors to enable transitions under the fourth industrial revolution (4IR). This should be accompanied by adequate investment in skills development for new and repositioned jobs. ...
Niem Chheng
https://www.phnompenhpost.com/national/adb-adapting-4ir-will-boost-garments-tourism
Single Portal registrations top 19K
A total of 19,072 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of November 2, the finance ministry reported, in an achievement seen as a reflection of government efforts to improve the ease of ...
May Kunmakara
https://www.phnompenhpost.com/business/single-portal-registrations-top-19k
Canada now 9th largest trade partner
Trade between Cambodia and Canada for the first nine months of 2023 reached approximately $700 million, marking a decrease of over 22% from the corresponding period last year, according to the latest figures from the General Department of Customs and Excise’s (GDCE) International Commodity Trade ...
Hin Pisei
https://www.phnompenhpost.com/business/canada-now-9th-largest-trade-partner
SOSORO Museum, ABC sign MoU to promote financial education
In a move to improve financial education in Cambodia, the Preah Srey Içanavarman Museum of Economy and Money (SOSORO) and the Association of Banks in Cambodia (ABC) on Wednesday said that they have signed a Memorandum of Understanding (MoU) for collaboration. ...
Khmer Times Staff
https://www.khmertimeskh.com/501459548/sosoro-museum-abc-sign-mou-to-promote-financial-education/
U.S. and Cambodia Chamber of Commerce Ink Deal on Trade Loan Guarantees
PHNOM PENH — The U.S. Export-Import Bank ( Exim Bank) and the Cambodia Chamber of Commerce (CCC) inked the Memorandum of Understanding on trade loan guarantees to boost trade between the U.S. and ASEAN member countries, according to a statement released by the U.S. embassy ...
http://news.xinhuanet.com/english2010/business/2011-08/25/c_131072977.htm
Major banks show more agricultural sector trust
Major financial institutions show more trust in providing loans to the agricultural sector, evidenced by increasing agricultural loan disbursement, thanks to potential growth in the sector and better preparation of financial report among borrowers, according to industry insiders. Acleda Bank, Cambodia’s largest domestically owned Bank, has ...
Workers petition Korean government
More than 300 striking workers from the International Fashion Royal garment factory in Phnom Penh appealed for assistance from the South Korean Embassy yesterday afternoon after police blocked their march to Por Sen Chey District Hall, a union official said. Ten days of striking for a ...
http://www.phnompenhpost.com/2013012260899/National/workers-petition-korean-government.html
Kampot Pepper Farmers to see Bumper Year
When the harvest season for Kampot pepper starts next month, farmers in Kampot province expect this year’s crop to yield more than 17 percent above last year, a representative of the farmers said. Nguon Lay, president of the Kampot Pepper Association, said last week that ...
China offers Cambodia $53 mln to develop water resources
Chinese Premier Wen Jiabao pledged RMB 329 million ($53 million) in assistance to Cambodia on Sunday during a meeting with Prime Minister Hun Sen, a Cambodian official said. Ieng Sophalet, an assistant to Hun Sen, told reporters that the grant would be used for water resource ...
Bavet border crossings up 6.2%
The number of foreigners arriving into Cambodia from its biggest border with Vietnam at the Bavet international crossing in Svay Rieng province increased 6.2 per cent in the first six months of this year compared with the same period in 2012. Data from the checkpoint show ...
http://www.phnompenhpost.com/business/bavet-border-crossings-62
Tata moves in on agriculture
India-based Tata International Ltd announced yesterday that it would import and distribute its Farmtrac Tractors in Cambodia to profit from the country’s growing agricultural sector. Speaking at the launching ceremony at the Koh Pich exhibition centre, Jitendra Manghinani, country manager of Tata South East Asia (Cambodia), ...
Hor Kimsay
http://www.phnompenhpost.com/business/tata-moves-agriculture
Cambodia's construction attracts over 2 bln USD investment in 8 months
PHNOM PENH, Sept. 27 (Xinhua) — Cambodia’s construction sector had received a total investment of 2.14 billion U.S. dollars in the first eight months of the year, up 40 percent from 1.53 billion U.S. dollars over the same period last year, a government report showed ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/27/c_132755769.htm
After prolonged protest, villagers win back land
Land Management Minister Im Chhun Lim intervened in a high-profile land dispute between villagers from Kratie province’s Snuol district and a South Korean agribusiness firm over the weekend, announcing Saturday that the contested 1,562-hectare tract would be taken back from the company and awarded to ...
Aun Pheap and George Wright
http://www.cambodiadaily.com/news/after-prolonged-protest-villagers-win-back-land-67344/
Poor Education Could Cripple Business Growth
Low-quality education is jeopardizing business growth in Cambodia, and local graduates will not be employable in skilled jobs if the government does not quickly implement educational reforms, business executives warned Thursday at the Cambodian Market Intel 2013 seminar in Phnom Penh. During an hourlong panel discussion ...
Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-listed-as-nsa-collection-point-48188/