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Primary school budget

The Implementation Plan for the Social Accountability Framework (I-SAF) aims to empower local citizens, enhance local authorities’ accountability and improve the relationship between local service providers and citizens. 1The project is implemented under four main components:access to information and open budgetscitizen monitoringfacilitation and capacity buildinglearning ...

Islamic Microfinance Form to Be Established

A joint venture between Yayasan Restu, a Malaysian organization, and the Cambodian Muslim Development Foundation is set to establish a microfinance institution with $1 million in start-up capital. The institution will allow members of Cambodia’s Myslim community to obtain loans necessary to start small businesses. ...

Newly Paved Road Expected to Up M’kiri Trade

With the paving of the road from Sen Monorom City to a planned international border crossing with Vietnam recently completed, cross-border trade in the area is expected to rise, officials said. Chinese-owned company Roch China Construction finished paving the 32-km road last month using a ...

More than 1,800 families seek help

About 60 people representing 1,850 families from seven villages in Battambang province’s Sampov Loun district yesterday petitioned Interior Minister Sar Kheng and Prime Minister Hun Sen for intervention in a land dispute.  Villagers claim that district authorities leased 4,095 hectares of their land in Chrey ...

http://www.phnompenhpost.com/index.php/2011080550879/National-news/more-than-1800-families-seek-help.html

Economists See Growth Potential in Stock Exchange

Cambodia has officially opened a stock exchange, which economists say will provide a chance for the development of the country and job creation. However, they warn that mismanagement of the bourse could also lead to economic woes. “When this stock market goes well, it will ...

http://www.voanews.com/khmer-english/news/economy-business/Economists-See-Growth-Potential-in-Stock-Exchange-126703268.html

Land Concessionaire Gives $130,000 to Officials

Businessman Try Pheap, who in recent months received large-scale economic land concessions in Boeng Per Wildlife Sanctuary in Preah Vihear province, has donated $130,000 to the sanctuary’s environmental management and the local CPP office,  officials said yesterday. Recipients of the funds denied that there was ...

Hands-on contest a hit in Cambodia

Long a popular fixture of US TV and radio competitions, “Hands on a Hardbody,” a marathon endurance contest where participants vie to hold their palms against a car the longest in order to win it, has expanded to Cambodia. More than 80 participants took part ...

http://www.phnompenhpost.com/index.php/2011090151403/Lifestyle/hands-on-contest-a-hit-in-cambodia.html

Moody’s Downgrades Acleda, Cites Risk

Ratings agency Moody’s changed its outlook on Acleda Bank’s financial strength yesterday to “negative” from “stable” and downgraded its rating of the bank’s local currency deposits to Ba2 from Ba1. The rating downgrade was applied due to changes in shareholders at the bank over the ...

Floods show Laos needs early warning

Heavy flooding during the rainy season, affecting 10 out of 17 provinces in Laos, has underlined the need for stronger disaster-management efforts, experts say. Tropical storm Haima struck central and northern parts of the country on June 24, with Nock-10 hitting central and southern areas on ...

http://www.phnompenhpost.com/index.php/2011091551652/National-news/floods-show-laos-needs-early-warning.html

Digital content key to growth for Kingdom's telecom firms

CAMBODIAN telecoms must produce digital content to remain competitive in the country’s crowded sector, experts said yesterday. However, others claimed the consumer market for that content was still too small. A lack of domestically produced TV programs, websites and other digital offerings has Cambodia’s estimated 755,000 internet ...

http://www.phnompenhpost.com/index.php/2011122253557/Business/digital-content-key-to-growth-for-kingdoms-telecom-firms.html

Beer girls brew Angkor strike

60 some Angkor beer promoters are going to hold a strike outside of the company’s Phnom Penh offices in order to draw attention to the labor violations and discrimination they’ve suffered. The strike is planned to be loud and colorful according to Cham Rong, the ...

http://www.phnompenhpost.com/index.php/2011072550606/National-news/beer-girls-brew-angkor-strike.html

Vattanac in damage denial

A top executive from Cambodian company Vattanac yesterday denied the firm had damaged colonial-era buildings along the capital’s riverfront, as one local business owner sought a new home. Construction at a Vattanac building site – situated on Phnom Penh’s Sisowath Quay – has been at ...

http://www.phnompenhpost.com/index.php/2011080350834/National-news/vattanac-in-damage-denial.html

USAID Report Offers New Way to Protect Prey Long Forest

The government should abandon its current management of Prey Long forest and shift to a plan that conserves the forst while also optimizing its economic uses, such as agriculture, carbon credits and controlled timber exploitation, according to a recent report by the US Agency for ...

Arbitration council orders an end to strike

The Arbitration Council has ordered more than 700 workers at the Wei Xin garment factory to end a week-long strike they have staged in protest against a spate of issues they have with the company over contracts and payment. A decision handed down on Saturday by ...

http://www.phnompenhpost.com

China’s dam plans don’t hold water with panelists

China’s dam-building ambitions and alleged lack of transparency were front and centre yesterday during a roundtable discussion on Mekong River development held in the capital. Representatives from the Chinese embassy defended their country’s record, claiming that China was “eager to participate” in regional cooperation mechanisms. “We aren’t ...

http://www.phnompenhpost.com/index.php/2011101952208/National-news/chinas-dam-plans-dont-hold-water-with-panelists.html

New UN flood numbers grim

The latest United Nations assessment shows that the damage from flooding is far worse than previously thought, according to a report received by the Post late yesterday. Drawing on data from three ministries as well as the National Committee for Disaster Management (NCDM), the assessment raises ...

http://www.phnompenhpost.com

S&P downgrades national sovereign debt rating

Ratings agency Standard & Poor’s yesterday lowered Cambodia’s long-term sovereign credit rating by one notch to B due to the country’s continued inability to diversify its economy and increase government spending. The decision by Standard & Poor’s comes after the agency said in September that constraints ...

Ban on Filipino migrant workers suspended

The Philippine government on October 28 issued a ban on its country’s citizens working in Cambodia only to suspend the ban a week later after Filipinos employed here complained, Philippine Ambassador Noe Wong said yesterday. Cambodia was listed by the Philippines Overseas Employment Administration (POEA) as ...

Man guarding land crushed by bulldozer

A 54-year-old man in Kratie province’s Snuol district was crushed to death under trees felled on Tuesday morning by bulldozers belonging to Vietnamese rubber company Dy Nam, an official said. District governor Iv Saphum said that Khem Kan, a representative of 77 families involved in a ...

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