Banking sector shows growth in 3rd quarter
Taking advantage of strong economic growth this year, two of the country’s largest banks have posted strong third-quarter earnings.
Acleda Bank yesterday reported a net profit of $32.68 million in the first three quarters of the year, almost double the amount over the same period last
Cambodian rice output grows in 2011 despite floods
Cambodia’s total paddy rice output reached 8.4 million tonnes in 2011, up from 8.25 million tonnes last year, according an initial assessment by the Ministry of Agriculture, Forestry and Fisheries.
Provincial MAFF officials from across the Kingdom met in Phnom Penh on Saturday, when data was
Thailand’s gem industry may move to Cambodia
Cambodia could overtake Thailand’s gem export market to the United States within five years, officials said yesterday.
Thailand’s growing economic status could soon disqualify it for tax exemption when exporting gems to the US market, but Cambodia’s standing as a Least Developed Country would allow it
International Tourists Up 13.4 Percent
The number of visitors arriving in Cambodia in the first six months of this year has increased 13.4 percent to 1,385,029, compared to the same period in 2010, Kong Sophearak, director of the statistics department at the Ministry of Tourism, said yesterday. The largest influx
Region’s links crucial
Improved transportation links will assist further economic growth in the region, as Cambodia’s economy continues to improve, officials said yesterday. Ministers from Cambodia as well as China, Laos, Vietnam, Thailand and Myanmar met yesterday at the 17th Greater Mekong Subregion Ministerial Conference held in Phnom
http://www.phnompenhpost.com/index.php/2011080550888/Business/regions-links-crucial.html
Land Tycoon Lavishes Largesse on Sanctuary Staff
Officials working in Boeng Per Wildlife Sanctuary and in nearby communities said yesterday that they were receiving new motorbikes and digital cameras from businessman Try Pheap, who in recent months received large-scale rubber concessions in the Preah Vihear province sanctuary. Earlier this week, it was
Oil-claims talks 'highly likely'
Thailand is reportedly preparing to re-enter negotiations with Cambodia on the Overlapping Claims Area after officials from the two countries talked this week at the ASEAN Energy Business Forum in Brunei.
Thai Energy Minister Pichai Naripthaphan said yesterday that he met informally with Ministry of Industry
http://www.phnompenhpost.com/index.php/2011092351817/Business/oil-claims-talks-highly-likely.html
Government suspends sending maids to Malaysia
Following repeated reports of abuse and illegal activity, Prime Minister Hun Sen on Friday ordered recruitment agencies to indefinitely stop sending Cambodian domestic workers to Malaysia, officials said Friday.
Secretary of State for the Labor Ministry Oum Mean said that he had received unofficial information about
Revenues for first seven months double to $1.6bn
The government has collected 6,557 billion riel, or about $1.6 billion, in revenues in the first seven months of 2011, a figure that is twice that of the $801 million in revenues that were collected during the same period last year, data released by the
Students raise concerns over Mekong dam
Hundreds of students attending a forum yesterday on plans of regional governments to develop hydropower dams on the Mekong River expressed concern over the river’s future, and they urged the governments to abandon the projects or proceed with caution.
The forum in Phnom Penh was the
Minister directs mock trading; launch unclear
Finance Minister Keat Chhon joined officials of the Cambodia Securities Exchange (CSX) yesterday to conduct another day of mock trading of stocks ahead of the still-unknown launch of actual operations at the bourse, which opened in July but has yet to see a single stock
Hard investment: Chinese firm eyes Kingdom investment
A Chinese company is aiming to invest in cement production in Cambodia, according to officials at the Ministry of Industry, Mines, and Energy (MIME).
The China Triumph International Engineering Company (CTIEC) would become one of Cambodia’s biggest cement producers and would invest in the Kingdom, said
Duty calls: Strikers told they must go back to work
The Arbitration Council yesterday ordered protesting workers in Kampong Cham province to return to their factory today, as a union official reported that their numbers had swelled to nearly 3,000 outside the provincial hall in their third demonstration this week over an ongoing labour dispute.
Free
Interior Ministry Sends SEZ Investigation Results to Court
The Interior Ministry said yesterday that it has sent the results of an investigation into last weeks’s triple shooting of protesters at a special economic zone (SEZ) in Svay Rieng province to the provincial court there.
Ministry spokesman Lieutenant General Khieu Sopheak did not reveal any
Voices divided pre-ASEAN
Protecting human rights, especially those of Cambodian migrant workers traversing borders to countries such as Malaysia, dominated discussions at yesterday’s ASEAN Peoples’ Forum, one of two competing pre-summit forums that claim to be giving a voice to Cambodians.
Speaking at yesterday’s forum, Seng Sakda, director-general
http://www.phnompenhpost.com/index.php/2012032955323/National-news/voices-divided-pre-asean.html
Worker Shortage Biggest Threat to Economy
A shortage of workers, particularly those with skills, is the biggest threat to economic growth in Cambodia today, Sok Chenda, secretary general of the Council for the Development of Cambodia (CDC), said yesterday.
Speaking at the Greater Mekong Subregion Investment Policy Forum organized by the Organization
South China Sea surfaces
The Philippines thrust the South China Sea dispute to the forefront of the ASEAN Foreign Ministers’ Meeting yesterday, causing the topic to dominate discussions.
Myanmar by-elections and North Korea also featured prominently on the eve of today’s ASEAN summit, overshadowing the foreign ministers’ planned focus on
http://www.phnompenhpost.com/index.php/2012040355401/National-news/south-china-sea-surfaces.html
New travel app praised by tourism sector, ministry
The Kingdom’s software development sector is being seen as an increasingly important player in the country’s move to strengthen its tourism industry and provide visitors with the latest conveniences. Stephane Combre, a developer at To Do in Cambodia, said that the firm’s platform, launched in
Cheng Sokhorng
https://www.phnompenhpost.com/business/new-travel-app-praised-tourism-sector-ministry
US Embassy: Chinese trade does not help like the West’s
The US Embassy in Phnom Penh on Friday said relations between China and Cambodia did not create jobs or help industry when compared to the trade between the Kingdom and the US. “About 87 per cent of trade [with China] are Chinese imports, which do
Long Kimmarita
https://www.phnompenhpost.com/national/us-embassy-chinese-trade-does-not-help-wests
Sar Kheng concerned over laundering
Minister of Interior Sar Kheng has expressed concerns that recent money laundering cases involving huge sums will see Cambodia placed on a global financial blacklist. He called on the authorities to crack down hard on the crime or the Kingdom would be “dead” as it
Niem Chheng
https://www.phnompenhpost.com/national/sar-kheng-concerned-over-laundering
