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/
Cambodia scores high marks for renewable energy
Cambodia’s share of modern biomass in total energy consumption is among the highest in the world, according to a report released Tuesday by the World Bank and the International Energy Agency. The report also found that growth in Cambodia’s dependence on renewable energy excluding traditional biomass ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MjRiYTU0NzYyNTR
Largesse and threats ahead of election
Prime Minister Hun Sen warned thousands of villagers yesterday that his most popular initiatives, including his far-reaching land-titling scheme, will simply disappear if he is not re-elected in July’s national election – amid suggestions his campaigning has unofficially begun. In a marked shift from his apparent ...
http://www.phnompenhpost.com/2013032664688/National/largesse-and-threats-ahead-of-election.html
Tax revenue sees a 27 per cent jump
The Kingdom’s tax revenue increased 27.85 per cent in the first two months compared to a year earlier, a figure the opposition party said is low due to corruption and tax cheats. According to the data from the General Department of Taxation (GDT), total tax revenue ...
http://www.phnompenhpost.com/2013032864735/Business/tax-revenue-sees-a-27-per-cent-jump.html
City Hall Denies Evicting Family Despite Fencing Off Homes
Three families protesting the fencing–off of the Phnom Penh building in which they have lived for decades were assured yesterday by City Hall-which “swapped” the property and the land on which it is built earlier this month-that they will not be evicted from the building ...
Hor Namhong Asks for More Cash for Rail Project
Foreign Affairs Minister Hor Namhong made another appeal to Australia for additional funds to complete a behind-schedule project to rehabilitate the country’s railway network, this time to newly appointed Australian Ambassador Alison Burrows, according to a ministry spokesman. While work on the Southern Line of the ...
http://www.cambodiadaily.com/news/hor-namhong-asks-for-more-cash-for-rail-project-30272/
Farmers Petition to Change Agricultural Draft Law
About 200 farmers protested in front of the Ministry of Agriculture on Friday and submitted a petition requesting changes to a draft law on the management of agricultural land, which rights groups have said could effectively legalize land grabs from poor farmers. The government says the ...
Report Says Quarter of Forests Have Been Cleared in 40 Years
Cambodia has lost almost a quarter of its forests in the past 40 years due to rapid development and China’s demand for timber, according to a new report released yesterday by the World Wildlife Fund (WWF) on the Greater Mekong Region. Looking at five countries in ...
Informal lending still thriving
The expanding banking sector and the spread of microfinance institutions (MFIs) in rural areas have failed to elbow informal, unlicensed money lending out of the market, industry experts say. Fast and easy access to money – as well as the fear of “losing face” by borrowing ...
http://www.phnompenhpost.com/2013070266598/Business/informal-lending-still-thriving.html
CPP Says Hun Sen Remains in Role as Prime Minister
Amid swirling rumors that Prime Minister Hun Sen had left the country after his Cambodian People’s Party (CPP) suffered a large loss of National Assembly seats in Sunday’s election, the CPP released a statement Tuesday insisting he was still in Cambodia and on the job. “Recently ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/cpp-says-hun-sen-remains-in-role-as-prime-minister-37408/
CNRP Says No Further Negotiations Without Investigation
CNRP leaders Sam Rainsy and Kem Sokha said Tuesday that the opposition party will no longer negotiate over the political deadlock with the CPP until the ruling party agrees to a transparent election investigation. The CNRP’s 55 lawmakers-elect have been boycotting the National Assembly since it ...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/cnrp-says-no-further-negotiations-without-investigation-47383/