Kingdom inflation rises on oil prices
Inflation in Cambodia rose 5.8 per cent year-on-year in January, according to figures from the National Institute of Statistics.
Rising fuel costs had spurred the inflation, which was felt largely in the price of food, officials said.
Data showed food and non-alcoholic beverage prices in January increased
Cambodia Potential
The potential for investment in Cambodia certainly appears to be there, as the country’s location in Indochina affords much opportunity for cross-border trade with Thailand, Laos and Vietnam, says Mark Mobius.
Mr Mobius, who oversees more than US $40 billion worth of investments as executive chairman
More Migrant Workers Losing Contact, NGOs Say
The number of families claiming to have lost contact with relatives working overseas has seen a significant increase in recent months, three human rights groups said Thursday.
Local rights groups Adhoc and Licadho and the legal aid association Cambodian Legal Education Center (CLEC), said that the
CPP Abusing State Property, Election Body Says
The ruling CPP is misusing state properties to further its political agenda, said the Committee for Free and Fair Elections (Comfrel) in a report that will be released today.
The report said Comfrel monitors had documented 200 instances in which state properties and resources had been
Central bank mulls its inflation response
Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday.
Increases in commodity prices and petroleum has led to rising prices
Unions cry foul on temp contracts
Union leaders gathered in the capital yesterday to discuss strategies to curb the garment industry’s widespread use of temporary contracts for hiring workers, saying employers were using them to discourage unions and ensure their workforce remained docile and easy to exploit.
They also accused employers of
Border Officials Ask Thailand To Stop Shooting at Loggers
Cambodian border officials urged their Thai counterparts not to shoot Cambodians who cross into Thailand illegally during a special meeting in Siem Reap city yesterday to cement border relations.
The request comes as Thai soldiers have already fatally shot 11 Cambodians this year who illegally
More Migrant Workers Losing Contact, NGOs Say
The number of families claiming to have lost contact with relatives working overseas has seen a significant increase in recent months, three human rights groups said Thursday.
Local rights groups Adhoc and Licadho and the legal aid association Cambodian Legal Education Center (CLEC), said that
Soybean Prices Increase as Farmers Move Away From Crop
The decreasing amount of farmers harvesting soybeans last year has limited supply and raised prices at the markets roughly 42 percent to 4,000 riel per kg, or about $1, according to an agricultural official and farmers.
Cheam Chan Sorphaon, director of the provincial agriculture department in
Cambodia Surges Full-Speed Ahead With Land Concessions
The government has already granted roughly 300,000 hectares in economic land concessions (ELC) so far this year, according to data released by a local rights group yesterday. The figure, which amounts to 40 percent of the total land concessions granted in all of 2011, has
New financing will support Cambodia in improving higher education for industrial development
On 26 April 2018, the World Bank’s Board of Executive Directors approved US$90 million in financing to support Cambodia’s efforts in improving the quality of higher education and research in the country and broadening access to higher education for disadvantaged students. Over the next six years,
The World Bank
Announcement on the approval for Cambodian oil and gas concession requested by Angkor Gold Corp.
On 13 August 2019, Mr. Stephen Burega, Chief Executive Officer at Angkor Gold Corp. announced that Angkor, through its subsidiary EnerCam Resources Co. Ltd. (“EnerCam”), had received the approval of the Royal Government of Cambodia on its application for a 7300 square kilometre oil and gas concession in Cambodia. The
Angkor Gold Corp.
Press release on the strengthening customer protection of the National Bank of Cambodia
On 18 August 2017, the National Bank of Cambodia issued a press release to strengthen customer protection as follows:Fines 400 million Riel (US $ 100,000) to microfinance institutions (MFIs) that do not comply with the laws and regulations, especially the Prakas on transparency in the
National Bank of Cambodia
Villagers Told Eviction Is for Obama's Safety
More than 180 families living adjacent to the Phnom Penh International Airport were told yesterday that they must vacate their homes to make was for a security road to ensure the safety of U.S. President Barack Obama, who is expected to visit in November.
Var Sarang, deputy
P Vihear Villagers Protest at National Assembly
More than 350 villagers from Preah Vihear province protested in front of the National Assembly on Friday, asking for support from lawmakers in their dispute with military veterans.
The villagers, representing some 370 families in Kulen district’s Srayong commune, said that the land on which they
Don't Envy the Chinese, Gov't Tells Europe
The commerce minister yesterday urged European businesspeople in Phnom Penh to invest more in Cambodia and not to envy the Chinese firms now dominating the foreign investment scene.
Speaking at the gathering of the European Chamber of Commerce in Cambodia, Minister of Trade and Commerce Cham
China ASEN Expo starts on Friday
Minister of Commerce Cham Prasidh and 100 Cambodian companies are set to represent the Kingdom at the 9th China-ASEAN Expo in Nanning, China, which starts tomorrow, according to officials.
The expo will include representatives from all 10 ASEAN countries and China itself. Cambodian officials will seek
Floodwaters Recede in Banteay Meanchey
Floodwaters appeared to be receding in Banteay Meanchey province yesterday, after almost a week of heavy rains saw several communes inundated and over 4,000 families evacuated, provincial authorities said.
“The situation is now under control,” said Ngor Mengchroun, governor of Poipet City-one of the worst hit
NGOs Discuss Reforms Ahead of Donor Meeting
At a meeting in Phnom enh to prepare for today’s high-level donor Government-Development Partner Coordinating Committee (GDCC) forum, dozens of mostly local NGOs agreed on their own list of broad reform suggestions for the government. But land disputes took center stage.
Today’s GDCC meeting, which the
