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Stability, growth require job creation

Cambodia is entering a new phase of economic growth in which the development of a skilled workforce will be critical to social stability and regional competitiveness, government officials and economists said Thursday at the 2014 Cambodia Outlook Conference. Delivering the keynote speech at the conference, Prime ...

Colin Meyn and Hul Reaksmey
http://www.cambodiadaily.com/news/stability-growth-require-job-creation-53317/

Consolidation on Horizon as Mobile Operators Enter Talks

Cambodia Advance Communications Ltd, operating under the brand qb, is in talks to either merge with or acquire Thai majority-owned Mfone, a senior government official said yesterday. The talks come amid recent speculation that operators in Cambodia’s oversaturated telecommunications market would have to consolidate in order ...

China's investment in Cambodia reaches 8.8 bln USD

PHNOM PENH– Cambodia has received 8.8 billion U.S. dollars of investments from China from 1994 to July 2011, making China the leading country in the investments in the country, according to the reports from the Council for the Development of Cambodia (CDC) on Tuesday. The ...

http://news.xinhuanet.com/english2010/china/2011-09/06/c_131104903.htm

Garment industry stokes Cambodia’s political growth

Under dazzling white strip-lights, a production line of young Cambodians stitch, iron and fold their way to the day’s target of 820 two-piece children’s pajamas. These garments are destined for the shelves of Los Angeles, shop price $9.97. The workers, mostly women, start at 7:30 ...

http://www.winnipegfreepress.com/opinion/westview/Garment-industry-stokes-Cambodias-political-growth-171990021.html

Capital ideas for developers

Peering out over the Tonle Sap River in Phnom Penh from a sixteenth-storey private balcony at the new Bellevue Apartments, one could watch for hours as cranes swing back in forth over all the new developments on the west side of the water. “Phnom ...

http://www.bangkokpost.com/business/economics/332995/capital-ideas-for-developers

Cambodia unveils strategy to attract Chinese tourists

Cambodia’s Ministry of Tourism on Wednesday finalized its 5-year strategic plan to attract at least 1.3 million Chinese visitors by 2018. Speaking at a seminar on Cambodia tourism marketing strategy targeting China, So Visothy, director of the Tourism Ministry’s Marketing and Promotion Department, said that currently ...

http://news.xinhuanet.com/english/world/2013-06/19/c_132467692.htm

Online Trader Eyes Kingdom

An online trading firm based in the tax haven of Cyprus is planning to open a subsidiary in Cambodia, an account manager at IronFX’s headquarters in Cyprus said yesterday. “We are on the planning stage in Cambodia. We are now studying law and regulations in the ...

http://www.phnompenhpost.com/2013043065307/Business/online-trader-eyes-kingdom.html

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 ...

http://www.phnompenhpost.com/2013050965499/Business/major-banks-show-more-agricultural-sector-trust.html

Svay Rieng Workers Strike Again, Throw Rocks

Police briefly detained 13 garment factory workers on Thursday after about 20,000 workers, some throwing rocks, continued a strike that began Monday in Svay Rieng province’s Bavet City over wages and working conditions, a union official and police said. Union leaders had on Wednesday evening agreed ...

Aun Pheap and Alex Willemyns
http://www.cambodiadaily.com/news/svay-rieng-workers-strike-again-throw-rocks-49506/

Investigation Into Man Shot Dead During Protest Yields Nothing

A week after one man was shot dead and several others injured during a standoff between the armed forces and protesters, an investigation into who was responsible is no closer to conclusion, an Interior Ministry spokesman said Sunday. Security experts last week said the armed ...

Kuch Naren and Dene-Hern Chen
http://www.cambodiadaily.com/elections/investigation-into-man-shot-dead-during-protest-yields-nothing-42911/

Another Court Clerk Arrested for Corruption

A clerk at the Banteay Meanchey Provincial Court was arrested Tuesday on suspicion of corruption and bribe-taking, police and Anti-Corruption Unit (ACU) officials said, but rights groups said clerks alone are not in a position to determine the course of court cases and that more ...

Aun Pheap
http://www.cambodiadaily.com/news/another-court-clerk-arrested-for-corruption-44366/

Thousands Join Opposition Rally in Phnom Penh

Thousands of opposition supporters made their way to Freedom Park in Phnom Penh on Wednesday morning to begin the first of a three-day demonstration designed to urge signatories of the Paris Peace Agreement to intervene in the country’s current political deadlock. Unlike at the previous protests ...

Colin Meyn and Simon Marks
http://www.cambodiadaily.com/news/thousands-join-opposition-rally-in-phnom-penh-45722/

Policing the Police: New Unit Assigned to Traffic Cops

Phnom Penh’s traffic police officers, whose reputation for bribe taking is renowned, will soon be monitored by a new mobile police unit to ensure they uphold the law, the Ministry of Interior said. The Special Team Monitoring Traffic Law Enforcement will ensure that traffic police are ...

Khuon Narim and Joshua Wilwohl
http://www.cambodiadaily.com/news/policing-the-police-new-unit-assigned-to-traffic-cops-51859/

Cambodia election ranked 5th most flawed in survey

A new report by researchers from Harvard University and the University of Sydney has ranked Cambodia’s 2013 national election as the fifth most “flawed or failed” out of the 73 national ballots held around the world between July 2012 and December 2013. Based on surveys completed ...

Alex Willemyns and Mech Dara
http://www.cambodiadaily.com/news/cambodia-election-ranked-5th-most-flawed-in-survey-53518/

Cambodia bans opposition from rallying in capital on Sunday

Cambodia on Friday issued an official letter to ban the opposition Cambodia National Rescue Party (CNRP) from conducting a rally on Sunday afternoon at the capital’s Freedom Park. In a letter to the CNRP, Phnom Penh Municipal Governor Pa Socheatvong said”The Ministry of Interior does not ...

Xinhuanet News
http://news.xinhuanet.com/english/world/2014-03/28/c_133222041.htm

Company digs trench around family’s home

Hang Chantha watched in horror last weekend as a private company battling to take her land dug a four-meter-deep trench around the perimeter of her home. “After the company dug, I could not sleep at night; I was afraid my house would fall,” she recounted Thursday, ...

Ben Sokhean and Alex Consiglio
http://www.cambodiadaily.com/news/company-digs-trench-around-familys-home-60031/

Unions, bosses ink deal to end SL garment factory dispute

A year after violent clashes broke out between workers from the SL Garment Factory and gun-wielding security forces, leading to the shooting death of a bystander, representatives for workers and management at the factory signed off on a list of agreements this week to end the ...

Sek Odom
http://www.cambodiadaily.com/news/unions-bosses-ink-deal-to-end-sl-garment-factory-dispute-72685/

Trading volume drops on new Cambodia Securities Exchange

The Cambodia Securities Exchange has seen a sharp decrease in action this week, with trading volume yesterday falling to 3,453 shares, down nearly 100 per cent from Monday. Despite the drop, which was accompanied by a strong shift from institutional to retail investors, experts have stressed the time ...

http://www.phnompenhpost.com/index.php/2012042755811/Business/trading-volume-drops-on-new-csx.html

Capital’s growth pushes housing demand

Phnom Penh’s growing population is driving demand for residential property, with approvals soaring in the first seven months of this year, according to Lao Tip Seiha, director of the construction department at the Ministry of Land Management, Urban Planning and Construction. A total of 227 ...

http://www.phnompenhpost.com/index.php/2011090151405/Special-Supplement/capitals-growth-pushes-housing-demand.html

State borrowing may spike

Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...

http://www.phnompenhpost.com

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