Cambodian Exports to EU See Rapid Growth in 2012
Cambodia’s exports to the European Union (E.U.) grew to $2.32 billion in 2012, a 23 percent increase compared to the previous year, according to the E.U.’s latest trade figures. The figures, released this week by the European Commission’s trade office, testify to the region’s growing role ...
http://www.cambodiadaily.com/news/cambodian-exports-to-eu-see-rapid-growth-in-2012-18329/
Cambodia's bourse sees slow progress in 1st year of operations
The Cambodia Securities Exchange (CSX) has seen slow progress in its first year of operations because there has been only one listed firm and public knowledge about the stock market remains low, officials said Thursday. The CSX was officially launched trading on April 18 last year ...
Nguon Sovan
http://news.xinhuanet.com/english/world/2013-04/18/c_132320982.htm
Robust Recovery Continues
Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...
http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html
Demand for Gold Rises as World Price Falls
Gold prices in Phnom Penh have plummeted by almost a quarter in the past six months as international prices dropped, sparking a rush on buying gold locally, traders said Tuesday. Gold was selling at $1,540 per damlung (26.67 damlung is equal to 1 kg of gold) ...
http://www.cambodiadaily.com/business/demand-for-gold-rises-as-world-price-falls-33097/
Vietnam rubber tycoon rejects land grabbing accusations
A Vietnamese rubber tycoon has rejected accusations by Global Witness, a group that campaigns on resource issues, that it was involved in a land grabbing crisis in Southeast Asia. Doan Nguyen Duc, the chairman of Hoang Anh Gia Lai (HAGL) Group, told Vietnamese media the information ...
Hun Sen Hopes for Increased Rubber Exports
Prime Minister Hun Sen said Wednesday that he hoped land being registered to rural families as part of the government’s nationwide land-titling program would be used to cultivate rubber trees in order to help the country compete with Vietnam as the world’s third-largest rubber exporter. ...
http://www.cambodiadaily.com/news/hun-sen-hopes-for-increased-rubber-exports-24502/
Water Authority Share Price Hits New Low
The usually static share price of the Phnom Penh Water Supply Authority (PPWSA), still the only company listed on the Cambodia Securities Exchange (CSX), fell Monday to its lowest price since it began trading more than two years ago. At the close of business Monday, the ...
Hul Reaksmey
http://www.cambodiadaily.com/business/water-authority-share-price-hits%E2%80%88new-low-42002/
Senior Government Officials Rebuff Opposition Protesters’ Demands
Senior government officials said Monday that they will not bow to the demands of opposition protesters to unseat Prime Minister Hun Sen, but remained coy over the government’s likely response if the daily protests continue. The opposition CNRP, which has rejected the official results of the ...
Phorn Bopha and Alex Willemyns
http://www.cambodiadaily.com/news/senior-government-officials-rebuff-opposition-protesters-demands-49770/
Mfone’s Assets Sold For Hugely Reduced Price
The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...
Aun Pheap
http://www.cambodiadaily.com/business/mfones-assets-sold-for-hugely-reduced-price-46861/
Rice Trader Claims Being Wrongly Fined Bad Scale to Measure Her Truck
A rice trader on Monday filed a complaint with the Anti-Corruption Unit, Prime Minister Hun Sen’s Cabinet and three ministries alleging that officials in Kompong Cham province had wrongly fined her for an overweight truck after using improperly weighted scales. Saing Darlin had her truck impounded ...
Hul Reaksmey
http://www.cambodiadaily.com/business/rice-trader-claims-being-wrongly-fined-bad-scale-to-measure-her-truck-49631/
Cambodia Tourism Industry Fears Fallout From Election Uncertainty
Enterprises in Cambodia’s biggest tourism hub have called on Prime Minister Hun Sen and opposition leader Sam Rainsy to quickly resolve a festering election dispute that they say is threatening business prospects as tensions rise ahead of mass opposition protests next week. Travel companies ...
Radio Free Asia Staff
http://www.rfa.org/english/news/cambodia/tourism-08302013144408.html
Vinamilk Sees Revenue Doubling in Overseas Expansion Push
Vietnam Dairy Products Joint-Stock Co., the nation’s largest dairy producer, is building a milk factory in Cambodia as it plans a global expansion to more than double annual revenue to $3 billion by 2017. The company known as Vinamilk is opening a plant in the capital ...
Bloomberg News Staff
http://www.bloomberg.com/news/2013-09-30/vinamilk-sees-revenue-doubling-in-overseas-expansion-push.html
Revenues Down at Pailin’s Dreamworld Casino
U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...
http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/
Days-long sit-in planned by CNRP
Opposition leader Sam Rainsy yesterday told supporters in Kandal province to pack up their bed mats, pillows and rice and prepare for the long haul as he and deputy Kem Sokha outlined plans for a sit-in at Freedom Park that could drag on for days ...
Meas Sokchea and Stuart White
http://www.phnompenhpost.com/national/days-long-sit-planned-cnrp
Officials Breach Dam to Stop It From Bursting
Hundreds of families in Battambang province have been evacuated as authorities ordered a section of a dam to be cut away to release pressure on a reservoir that was threatening to burst and engulf the communities beneath it, as heavy rain continues to cause havoc ...
Ben Sokhean and Simon Henderson
http://www.cambodiadaily.com/news/officials-breach-dam-to-stop-it-from-bursting-44790/
Sick children swamp hospital
As flood victims surge to the capital to receive medical treatment, doctors at Phnom Penh’s Kantha Bopha Children’s Hospital say they’ve never seen such overcrowding. Parents holding their sick children and infants line the perimeter of the complex, spending up to seven hours crouched on hot ...
Laignee Barron and Sen David
http://www.phnompenhpost.com/national/sick-children-swamp-hospital
Prisons awash with inmates
More than two weeks since some 850 inmates were evacuated from Banteay Meanchey prison after floodwater caused a wall to collapse, the move is illuminating just how overcrowded their destinations are, an NGO worker has said. Sharon Critoph, a prison consultant for rights group Licadho, said ...
Amelia Woodside and Chhay Channyda
http://www.phnompenhpost.com/national/prisons-awash-inmates
Cambodia's Siem Reap, China's Jiangxi ink cooperation deal
Cambodia’s cultural Siem Reap province and China’s eastern Jiangxi province have signed a memorandum of understanding (MoU) to strengthen cooperation in a number of fields, according to a copy of the MoU on Saturday. The deal was inked on Friday afternoon between Khim Bunsong, governor of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2013-11/30/c_132930687.htm
‘Like animals in a cage’
A day after union leader Vorn Pov was violently arrested during garment strikes in early January, he was driven to an unknown location and told by armed officers to get out of the vehicle. The union leader said his group of co-accused share a cell ...
May Titthara
http://www.phnompenhpost.com/national/%E2%80%98-animals-cage%E2%80%99
Police embezzlement claims ‘baseless,’ police official says
Svay Rieng provincial police Thursday publicly defended a district police official accused of corruption after conducting their own investigation into the claims. According to a report published by the local news website CEN on April 7, Svay Chrum district deputy police chief Meas Soeun embezzled money ...
Kuch Naren
http://www.cambodiadaily.com/news/police-embezzlement-claims-baseless-police-official-says-56704/