Microfinance formed over 30% of Cambodia’s 2022 GDP
Microfinance has grown exponentially in Cambodia and is not as stressed as reported by the international media, according to a study by research firm M-CRIL in partnership with the Cambodia Microfinance Association (CMA). A sector which had only 50,000 clients in 1995, now services 2.1 ...
Rachel.David
https://www.khmertimeskh.com/501429233/microfinance-formed-over-30-of-cambodias-2022-gdp/
Six injured as police, Borei Keila villagers clash
At least six people were injured on Friday when a small group of Borei Keila villagers were evicted from the grounds of an unfinished building in Phnom Penh that they began occupying this week in a bid to draw attention to a years-long fight for ...
Khuon Narim and Lauren Crothers
http://www.cambodiadaily.com/news/six-injured-as-police-borei-keila-villagers-clash-52325/
China Inks Agreement to Buy One Million Ton of Cassava Product from Cambodia
The China National Food Industry (Group) and Cambodia’s Le Ye Rubber on August 13th signed a Memorandum of Understanding on a cooperation agreement to acquire one million cassava product exports from Cambodia to China Cai Yong Feng [President of China National Food Industry Group] said: ...
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
Striving to save the forest, Prey Long villagers launch patrols
For the several hundred villagers who have been camping and patrolling in a remote part of the jungle in northern Kompong Thom for several days as part of their campaign to save Prey Long forest, the strain is starting to show. Human rights workers say that ...
Everything But Arms: EU close to suspending Cambodia’s trade preferences
The EU slammed the government for the dire human rights situation in the Southeast Asian country, giving it a one-month deadline to respond to a preliminary report on suspending trade preferences before deciding whether to go ahead with the plan. Brussels has warned Phnom Penh ...
EU Bulletin
https://www.eubulletin.com/10398-everything-but-arms-eu-close-to-suspending-cambodias-trade-preferences.html
New law set to benefit those working in the private sector
Workers and employees in the private sector will receive the same benefits as those in the public sector if they pay their income tax and fulfill other legal requirements. The recently passed Law on Social Security Schemes states that workers and employees in the private ...
Long Kimmarita
https://www.phnompenhpost.com/national/new-law-set-benefit-those-working-private-sector
The shackles of abuse
The plight of Cambodian migrant maids who suffer abuse by employers in Malaysia is well documented. Less so is the mental damage caused by the overseas trauma, which has led to some returned migrants being chained up by their desperate familiesYoung women who survive abuse ...
May Titthara and Alice Cuddy
http://www.phnompenhpost.com/post-weekend/shackles-abuse
ILO Respond to Scathing Stanford Report on Factory Monitoring
The International Labour Organisation (ILO) Better Factories Program (BFC) has responded to a scathing report released last week by Stanford University, which said the ILO program was ineffectual as it had not helped secure Cambodian workers a significant wage increase since the program started over ...
Gov't Continues to Privatize State Properties
The privatization of state-owned land continued last month with several large government- owned plots in Phnom Penh transferred to state-private property, according to a sub-decree signed by Prime Minister Hun Sen. According to the document signed May 24, the state-owned properties, measuring 40,998 square meters in ...
UN: Investing in Women Entrepreneurs & Business Leaders is Smart Economics
(UN ESCAP Strategic Communications and Advocacy Section)- “Investing in women’s entrepreneurial leadership, and the empowerment of women, is smart economics- which is why women’s empowerment is one of the most important development priorities for the countries of Asia and the Pacifc,” said Dr. Noeleen Heyzer, ...
As China Builds, Cambodia's Forests Fall
China’s demand for natural resources is being felt in a big way in Cambodia. Illegal logging and economic land concessions are threatening Cambodia’s dwindling forests, which now echo the sound of chainsaws. Prey Lang forest — an eight-hour journey north and east of the capital, Phnom Penh ...
http://capeandislands.org/post/china-builds-cambodias-forests-fall
Construction Woes Plague Railway Project
The rehabilitation of Cambodia’s dilapidated railway network has encountered delays due to poor construction work and inappropriate surveying methods when making plans to lay down tracks, according to a draft review of the ongoing $140 million project conducted by the Asian Development Bank (ADB) and ...
Prices and Monetary Developments
Price levels picked up during the first half of 2012 but will likely cool down in the second half of the year due to changes in energy prices and major food related items. Therefore, the inflation rate has been upwardly adjusted by 30 basis points to 4.8 percent ...
Railway Evictees Tussle With High Debt Levels
Adding to a growing body of research into the flaws of Cambodia’s $142 million railway rehabilitation project, a report published yesterday said soaring debt levels are crippling families forcibly relocated by the project. In the report by land rights organization Sahmakum Teang Tnaut (STT), researchers tracked ...
No Plan to Shut Beehive Radio, Gov’t Says
As questions linger over the fate of the independent Beehive Radio station in the wake of its owner’s arrest, a government official yesterday insisted there were no plans to stop it from broadcasting, despite its often critical stance toward the ruling party. “No plan to shut ...
Eating locally
The Cambodian governemnt is lobbying the tourism sector to focus more on using local foods, which it says could generate millions of dollars in revenue a year. But hotels and restaurants say quality standards and supplies of local products are often not adequate and businesses ...
Recent Development and Economic Outlook
The UN’s assessment suggests that Cambodia is one of the top five countries that have made significant progress toward meeting its MDGs by 2015. The poverty rate has dropped dramatically from 47.50 percent in 1993 to 34.70 percent in 2004 and 23 percent in 2011, ...
Strongman's hand in BHP deal
A BHP Billiton mining deal being investigated for alleged corruption was personally overseen by Cambodian strongman Hun Sen, diplomatic cables reveal. The miner’s aborted attempt to establish a bauxite mine in Cambodia, and its hospitality program for Chinese officials at the 2008 Beijing Olympics, are at ...
http://www.smh.com.au/national/strongmans-hand-in-bhp-deal-20130325-2gqae.html
Construction Sector Faces Chronic Labor Shortage
Cambodia’s construction sector is facing a massive labor shortage due to a recent boom in construction projects throughout the country and workers migrating en masse to Thailand in search of higher wages. In 2012, the construction sector expanded rapidly with the total value of approved projects ...
http://www.cambodiadaily.com/news/construction-sector-faces-chronic-labor-shortage-19742/