Report: 28.1% of Cambodians take out loans for healthcare
A new report hAs found thAt 28.1 per cent of CAmbodiAns borrow money to pAy for heAlthcAre, with microfinAnce insiders clAiming it does not reflect the reAlity in the finAnciAl sector. The University of New South WAles (UNSW) surveyed 5,000 households Across CAmbodiA And found <A href='https://opendevelopmentcAmbodiA.net/news/report-28-1-of-cAmbodiAns-tAke-out-loAns-for-heAlthcAre/ ' clAss='cAmbodiA-color'>...A>
Thou Vireak
https://www.phnompenhpost.com/business/report-281-cambodians-take-out-loans-healthcare
‘Solar energy will fill shortages,’ says Jona
Thai firm B Grimm Power Pcl has invested in a 30MW solar project in Cambodia, Ministry of Mines and Energy spokesman Victor Jona said on Wednesday. Jona, who is the director-general of the ministry’s General Department of Energy, told The Post that he welcomed the <a href='https://opendevelopmentcambodia.net/news/solar-energy-will-fill-shortages-says-jona/ ' class='cambodia-color'>...a>
Thou Vireak
https://www.phnompenhpost.com/business/solar-energy-will-fill-shortages-says-jona
CDC approves projects worth $8.8M
The Council for the Development of Cambodia (CDC) approved three investment projects in the bags and garment sector with a total capital investment of $8.8 million, it said on Monday. The projects approved are bag factory Quan Ming Handbag (Cambodia) Industrial Co Ltd, the bag and <a href='https://opendevelopmentcambodia.net/news/cdc-approves-projects-worth-8-8m/ ' class='cambodia-color'>...a>
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-projects-worth-88m
Money machines
The secong Cambodia International Textile and Garment Exhibition from august 17 to 20 aimed to boost the Kingdom’s all-important garment sector by highlighting high-tech machinery which could boost factories’ productivity and bottom lines. Over 2,700 square meters at the Diamond Island Convention and Exhibition Center, the <a href='https://opendevelopmentcambodia.net/news/money-machines/ ' class='cambodia-color'>...a>
Rocket Internet blames poor tax compliance for pullout
Rocket Internet, the successful German-based internet copycat, says that despite its interest in Cambodia’s e-commerce market, tax issues in the Kingdom had forced it to “reposition” its projects. In July, the company launched an online retail site, saying it planned to invest millions in the country’s <a href='https://opendevelopmentcambodia.net/news/rocket-internet-blames-poor-tax-compliance-for-pullout/ ' class='cambodia-color'>...a>
Provincial Governor Seeks Hun Sen's Forgiveness
Kampong Thom’s provincial governor wrote to Prime Minister Hun Sen last month to apologize and explain why district and fisheries officials were involved in clearing an area of protected flooded forest, according to a copy of his letter obtained yesterday. In the July 9 letter, written <a href='https://opendevelopmentcambodia.net/news/provincial-governor-seeks-hun-sens-forgiveness/ ' class='cambodia-color'>...a>
Cambodia to Export 100,000 Tons of Rice to Indonesia
Commerce Minister Cham Prasidh yesterday signed an agreement with Indonesia’s Trade Minister Gita Wijrawan to export 100,000 tons of milled rice to Indonesia every year, officials said. although the details-such as when the exports will begin and where the rice will be sourced-have yet to be <a href='https://opendevelopmentcambodia.net/news/cambodia-to-export-100000-tons-of-rice-to-indonesia/ ' class='cambodia-color'>...a>
Canadia, Gov't Look to Soothe Tax Process
With the deadline to pay annual property taxes rapidly approaching, hundreds of Phnom Penh homeowners queued this week at Canadia Bank’s headquarters on Monivong Boulevard to pay their tax bills in relative comfort, and avoid long visits to district and municipal taxation offices. Canadia Bank signed <a href='https://opendevelopmentcambodia.net/news/canadia-govt-look-to-soothe-tax-process/ ' class='cambodia-color'>...a>
Timber Firm's workers back
Employee at timber company angkor Flywood in Kampong Cham province will return to work today after their bosses agreed yesterday to all but one of their demands: an increase in wages. Sok Kin, vice president of the Building and Word Workers Trade Union Federation of Cambodia <a href='https://opendevelopmentcambodia.net/news/timber-firms-workers-back/ ' class='cambodia-color'>...a>
http://www.phnompenhpost.com/index.php/2012091758737/National-news/timber-firms-workers-back.html
Construction sector investment soars
Investment in the Cambodian construction sector reached US$1.38 billion in the first seven months of 2012, an 8s-percent rise over the same period last year, according to figures from the Ministry of Land Management, Urban Planning and Construction. During the January to July period this <a href='https://opendevelopmentcambodia.net/news/construction-sector-investment-soars/ ' class='cambodia-color'>...a>
Land abuses 'threaten stability'
Cambodia’s economic land concession (ELC) policies are hindering development far more than helping it and beginning to erode the country’s hard-won stability, Cambodia’s special rapporteur warned yesterday. “as I have noted in relation to other sectors in Cambodia, the existence of the legal framework on paper <a href='https://opendevelopmentcambodia.net/news/land-abuses-threaten-stability/ ' class='cambodia-color'>...a>
Unequal treatment at Cambodian factories
The ongoing story of garment workers left jobless by company closures in late December is fast becoming a Tale of Two Factories: one group of workers has everything before it, the other has nothing. It’s this widening gulf between workers at Yung Wah Industrial and Kingsland <a href='https://opendevelopmentcambodia.net/news/unequal-treatment-at-cambodian-factories/ ' class='cambodia-color'>...a>
http://www.phnompenhpost.com/2013022561588/National/unequal-treatment-at-factories.html
ASEAN projects to receive Around 1 07 million tourists in 2015
Cambodia’s tourism minister Thong Khon said this week that aSEaN is protected to gain around 107 million international tourists in 2015 as the bloc will create the community that year. Speaking at closing ceremony of the 10th Tour Guide Training and the Opening of 11th Tour Guide Training for Phnom Penh city at <a href='https://opendevelopmentcambodia.net/news/asean-projects-to-receive-around-1-07-million-tourists-in-2015/ ' class='cambodia-color'>...a>
Toll Royal to Restart Rail Services Next Month
Less than four months after suspending work on Cambodia’s dilapidated railway network, Toll Royal Railways (TRR), the network’s operator, has informed the government that it will recommence transporting construction materials needed to build the southern line on aug. 1, company officials said yesterday. The decision to <a href='https://opendevelopmentcambodia.net/news/toll-royal-to-restart-rail-services-next-month/ ' class='cambodia-color'>...a>
Water Supply Shares Fall Below Launch Price
The share price of the Phnom Penh Water Supply authority (PPWSa) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in april. The decline matches views expressed by investors here that the authority’s <a href='https://opendevelopmentcambodia.net/news/water-supply-shares-fall-below-launch-price/ ' class='cambodia-color'>...a>
EU Bike Import Shows Huge Shifts
The import flow of bicycles (excluding e-bikes) into the European Union is changing rapidly between countries What is in particular striking is the massive upswing in imports from Cambodia. In 2011 the European Union imported 366,000 bikes from Cambodia which took the country to the 9th <a href='https://opendevelopmentcambodia.net/news/eu-bike-import-shows-huge-shifts/ ' class='cambodia-color'>...a>
Rice mills need to show solidarity, minister says
At the CAmbodiAn Rice Forum 2012, Agriculture Minister ChAn SArun sAid thAt if the Kingdom wAnts to reAch the government’s goAl of exporting 1 million tons of rice AnnuAlly by 2015, rice mills need to join forces And work closely together. Such An AssociAtion [of rice <A href='https://opendevelopmentcAmbodiA.net/news/rice-mills-need-to-show-solidArity-minister-sAys/ ' clAss='cAmbodiA-color'>...A>
Group Starts Online Petition to Stop Land Dispute Violence
Hoping to end the cycle of violence in land disputes in Cambodia, and to garner public support for people who are the victims of land grabbing, five concerned citizens held a press conference Friday to announce the launch of their own online petition whose results <a href='https://opendevelopmentcambodia.net/news/group-starts-online-petition-to-stop-land-dispute-violence/ ' class='cambodia-color'>...a>
NagaWorld Profits Jump in First Half of 2012
Net profits at NagaCorp Ltd., owners of Phnom Penh’s only licensed casino, jumped 38 percent to reach $52.4 million in the first half of 2012 compared to the same period last year, the company said in its most recent financial report. The casino generated a total <a href='https://opendevelopmentcambodia.net/news/nagaworld-profits-jump-in-first-half-of-2012/ ' class='cambodia-color'>...a>
Court drops Wutty case
Five months after the fatal shooting of forestry activist Chut Wutty, Koh Kong Provincial Court dropped his case yesterday morning, saying they would only be looking into the shooting of the man who allegedly killed Wutty – a trial that wound up lasting less than <a href='https://opendevelopmentcambodia.net/news/court-drops-wutty-case/ ' class='cambodia-color'>...a>
http://www.phnompenhpost.com/index.php/2012100559135/National-news/court-drops-wutty-case.html