IFC Ombudsman to help settle Phnom Penh airport land dispute
Representatives for the hundreds of families facing eviction from homes around Phnom Penh International Airport have agreed to let the compliance ombudsman of the International Finance Corporation (IFC), the private investment arm of the World Bank, mediate a solution to the land dispute with the ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/ifc-ombudsman-to-help-settle-phnom-penh-airport-land-dispute-53146/
HAGL filled in lakes: villagers
More than 100 families living in Ratanakkiri’s Lumphat district have filed a complaint with authorities, claiming a rubber giant – already accused of illegal logging – filled in two natural lakes, provincial officials said yesterday. Villagers, along with government officials, say Vietnamese company Hong Anh Gai ...
Phak Seangly
http://www.phnompenhpost.com/national/hagl-filled-lakes-villagers
Royal Group denies report that Cellcard seeks investor
Royal Group executives, owners of Cambodia’s leading mobile phone operator Cellcard, vigorously denied the veracity of a London-based media report on Friday that claimed the phone company is looking for investors and wants to sell off its telecommunications towers because it is unable to raise ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-denies-report-that-cellcard-seeks-investor-53741/
World Bank meets Phnom Penh Governor, Boeng Kak evictees
The World Bank on Thursday asked Phnom Penh municipal officials to do more to help the thousands of families the city evicted from the Boeng Kak neighborhood to make way for a CPP senator’s private real estate project, and is now waiting for a reply, ...
Mech Dara
http://www.cambodiadaily.com/news/world-bank-meets-phnom-penh-governor-boeng-kak-evictees-54189/
‘A threat to Cambodia’s sacred forests’
In southwest Cambodia, at the foot of the Cardamom Mountains, is a single dirt road that meanders through the heart of the pristine Areng valley. Ten miles down this road, villagers have set up an encampment to stop a hydroelectric dam project that they fear ...
New York Times News Staff
http://www.nytimes.com/2014/07/29/opinion/a-threat-to-cambodias-sacred-forests.html
Deposit for brides in China called into question
Human rights groups on Sunday criticized as inadequate a government proposal, announced on Friday, to require single women to deposit $10,000 into a Chinese bank before they are allowed to visit China as tourists, a move meant to curb the trafficking of Cambodian woman to ...
Hul Reaksmey
http://www.cambodiadaily.com/news/deposit-for-brides-in-china-called-into-question-65605/
Complaints against rubber company to be assessed, World Bank Office says
The World Bank’s ombudsman office says it will assess a complaint from indigenous groups in Ratanakkiri province that a Bank-supported company has damaged the forest and surrounding communities. Seventeen different groups joined in the complaint, claiming the Hoang Anh Gia Lai rubber company, which receives ...
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