Speculators pounce on rice market as prices rise
Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000/kg.
At the meeting of Vietnam Food Association (VFA) on September 7 in HCM City, Director of An Giang Export Company Nguyen Van Tien said the amount of rice
http://english.vietnamnet.vn/fms/business/43907/business-in-brief-12-9.html
Cambodia records US$1.51-B trade deficit in 7 months
Cambodia reported a trade deficit of 34% in equivalent to US$1.51-B in the 1st 7 months of this year, the report of the Commerce Ministry showed Thursday.
During January-July period this year, the country’s total import and export value was US$7.45-B, up 15% from US$6.47-B at
http://www.livetradingnews.com/cambodia-records-us1-51-b-trade-deficit-in-7-months-85827.htm
The Week at the CSX
The price of Phnom Penh Water Supply Authority stock over the Sept. 6-12 period fluctuated between KHR 6,350 (US$1.57) and KHR 6,300 (US$1.55).
The price on Sept. 6, KHR 6,350, fell to KHR 6,300 (US$1.58) on Sept. 7 and remained there until climbing to KHR 6,350
Patrols in Prey Long Forest Find Signs of Illegal Logging
Community patrols of Prey Long forest by local villagers over the last few days have uncovered at least 65 cubic meters of illicitly cut timber and three chainsaws believed to belong to the illegal loggers.
Soem Sean, a member of the Prey Long People’s Network, dedicated
Thousands of Families Evacuated Due to Floods
More than 3,100 families have now been evacuated from their homes as flooding spreads in Banteay Meanchey province, the deputy head of the National Committee for Disaster Managment (NCDM) said yesterday.
About 3,000 of those families have been evacuated from Poipet City alone, and another 148
Hun Sen Says Shootings, Traffic Accidents Threaten Tourism
Gun violence and fatal traffic accidents are hurting the government’s efforts to boost tourism, Prime Minister Hun Sen said yesterday, urging local authorities to take action-even against the powerful.
Mr. Hun Sen also said the government has earmarked sites for two new international airports to cater to
Borei Keila, Boeung Kak march on embassies
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- Civil society / Concessions / Gender / Human rights / Land
More than 60 people yesterday rallied at the National Assembly, the UN Human Rights Office, the Danish Embassy and the German Embassy as part of a petition campaign to seek the release of two jailed women from the Boeung Kak and Borei Keila communities.
Villagers and
National Land Program Dropped Communal Titles
Prime Minister Hun Sen’s land-titling scheme announced in June originally included a directive for granting collective property titles to indigenous communities, but this part of the program was scrapped weeks later as it was deemed too costly and time-consuming, documents obtained yesterday show.
For “indigenous
http://www.cambodiadaily.com/news/national-land-program-dropped-communal-titles-9480/
PM’s Logging Decree ‘Too Late’
Activists are welcoming Prime Minister Hun Sen’s public vow to prevent logging and rosewood trafficking, but they also say it’s too little too late to have any serious impact on protecting Cambodia’s already decimated forests.
In a speech on Friday at the Ministry of Interior, Hun
http://www.phnompenhpost.com/2013022561589/National/pm-s-logging-decree-too-late.html
Villagers summonsed in illegal logging case
Some 300 villagers from the Andong Trabaek community in Svay Rieng province’s Romeas Hek district will accompany two representatives who have been summonsed to the provincial court Tuesday to clarify allegations of illegal logging that villagers say were fabricated by Forestry Administration officials in order
http://www.phnompenhpost.com/2013022561580/National/community-reps-summonsed.html
Foreign investment in Cambodia’s property rises
Property experts say foreign companies are coming to invest in Cambodia’s property sector, as they see the growth and potential of the Kingdom.
Sung Bonna, director of Bonna Realty Group, said that the number of foreign companies in the sector has grown, and most are from
NagaWorld Workers Reinstated After Protests
Following six straight days of protests by hundreds of staff at NagaWorld Casino, casino management yesterday agreed to reinstate four senior workers and said they would consider increasing the entire staff’s minimum wage.
Between 500 and 1,000 workers had been demonstrating over what they said were
ASEAN countries agree to greater economic cooperation
Senior representatives for Cambodia, Laos, Myanmar, Vietnam and ASEAN met here Tuesday and issued a joint statement highlighting their agreement to forge stronger mutual investment, trade, transport and scientific cooperation links.
The joint statement was released at the conclusion of the 6th annual Cambodia-Laos-Myanmar-Vietnam (CLMV) Summit,
http://news.xinhuanet.com/english/business/2013-03/12/c_132228469.htm
PPWSA up again, with retail buyers moving in
The price increase for Phnom Penh Water Supply Authority shares maxed out after an hour of trading yesterday morning, the second day of operations on the Cambodia Securities Exchange.
PPWSA closed up 4.84 per cent yesterday at 9,750 riel (US$2.44), climbing from 9,300 the day before,
City Rounds Up Homeless Before Asean Meeting
Police in Phnom Penh yesterday afternoon began rounding up homeless people as part of the city’s preparations for next month’s Asean Foreign Ministers Meeting, officials said.
“We collect them because we don’t want them to affect foreign tourists as we prepare for the arrival of the
As Cambodia Courts US Business, Old Problems Remain
As a delegation of US business owners prepares to travel to Cambodia with US Secretary of State Hillary Clinton, analysts say they will be tough to court, given Cambodia’s lack of law enforcement.
“Investors don’t bring guns, they don’t bring bodyguards—they bring money to invest,” said
In 6 Months, 26 Shot Dead on Border While Illegally Logging
In the first six months of the year, 26 Cambodians have been shot dead by the Thai military while illegally logging along the border, nearly double the number killed in all of 2011.
“According to the Cambodian-Thai Relations Bureau documents for the semester, there were 26
Countrywide Drought Is Damaging Rice Paddies
More than 16,000 hectares of rice paddies are currently being affected by drought across the country, officials said yesterday.
“There wasn’t enough rain for the rice this year, ” said Nhep Srorn, director of Takeo province’s agriculture department.
Pich Sokhin, governor of Oddar Meanchey province, said
Two Thousand More Students to Measure Land
Following a ceremony to honor late King Father Norodom Sihanouk on Phnom Penh’s Koh Pich, more than 2,000 additional student volunteers were deployed yesterday morning by the Ministry of Land Management to measure plots of land in 19 provinces, officials said.
Mr. Chhun Lim [Land Management Minister] said that
Alliance to disburse $2 million to buy paddy rice, help exports
The Alliance of Rice Producers Exporters of Cambodia (ARPEC) will release US$2 million after December 15th to its members in nine provinces so they can buy paddy rice before the harvest season ends and stocks been depleted.
He said the pay out is being drawn from
