IPU Finds Assembly Has Little Loans Oversight
Cambodia’s National Assembly is lacking, compared to other countries’ parliaments, in the oversight it exercises over new loans taken out by the government from international financial institutions, according to a new report. The study, published Tuesday by Geneva-based Inter-Parliamentary Union (IPU) and the World Bank, found ...
http://www.cambodiadaily.com/business/ipu-finds-assembly-has-little-loans-oversight-36432/
Cambodia to feel an energy crunch, but growth to remain stable: report
Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report
Ministry of Labor knights Australian industrial commissioner
The Arbitration Council says the Ministry of Labor has knighted an Australian industrial commissioner for his long period of work as an honorary advisor to the council. In a statement posted on its website Friday, the council said Labour and Vocational Training Minister Ith Samheng awarded ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=OTZiMjJhNTM1NzQ
Be glad you’re not paid in rice, Prime Minister tells teachers
Prime Minister Hun Sen advised the country’s newest crop of teachers not to feel down about their poor salaries, recalling that were they embarking on their careers in the aftermath of the Khmer Rouge regime their pay would be a few bags of rice each ...
Khy Sovuthy
http://www.cambodiadaily.com/news/be-glad-youre-not-paid-in-rice-prime-minister-tells-teachers-53965/
Rubber giant to hear villagers’ complaints
More than 15 months after a Global Witness report revealed that Vietnam’s state-owned rubber giant had illegally cleared land and displaced communities in Cambodia, the company has announced that it will accept and respond to complaints from those whose lives it has damaged. Vietnam Rubber Group, ...
Matt Blomberg
http://www.cambodiadaily.com/news/rubber-giant-to-hear-villagers-complaints-67074/
Inflation low in 2012: IMF
The International Monetary Fund (IMF) projected that Cambodia will have a very low inflationary rate to 3.5 per cent this year, which is 0.1 per cent below the goverment’s new revision but 0.5 per cent higher than the Asian Development Bank (ADB). Cambodia’s government in August also revised inflation ...
http://www.phnompenhpost.com/index.php/2012100859161/Business/inflation-low-in-2012-imf.html
Korean tourist numbers hold steady despite regional fears
Despite current tensions between North and South Korea, Cambodia’s tourism minister said yesterday that the number of tourists from South Korea to the Kingdom had not dropped. [Minister of Tourism Thong] Khong said that so far there appears to be nothing to worry about. “There are ...
Cambodia’s garment exports grow 17.5% in Jan-March’13
The exports of garments and textiles from Cambodia have grown by 17.5 percent year-on-year to reach US$ 1.34 billion during the first three months of the current year, data released by the Ministry of Commerce shows. Last year, Cambodia exported apparels worth US$ 4.61 billion, ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=146951
Samsung pushes for 30 stores in Kingdom
Samsung plans to more than quadruple its number of stores – currently seven – in the Kingdom, aiming to have 30 branches by the end of this year. The move will extend its lead as the electronic brand with the most stores here, and comes as ...
http://www.phnompenhpost.com/2013052865864/Business/samsung-pushes-for-30-stores-in-kingdom.html
EU aids Cambodia in combating illicit trafficking, use of nuclear, radiological materials
The European Union (EU) signs Wednesday to provide Cambodia with equipment to detect illicit trafficking and criminal use of nuclear and radiological materials. The agreement was inked between EU Ambassador to Cambodia Jean Francois Cautain and Om Yentieng, vice-chairman of the Secretariat of National Counter-Terrorism Committee. Under the deal, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-11/06/c_132863880.htm
Ambassador to South Korea grilled over corruption
Cambodia’s ambassador to South Korea was summoned to appear before the Anti-Corruption Unit on Monday morning for questioning over allegations of corruption, and was expected to be arrested later in the day, the unit’s chief said. ...
Ben Sokhean
https://www.cambodiadaily.com/news/ambassador-to-south-korea-grilled-over-corruption-110855/
Cambodia, China discuss South China Sea tensions
Chinese Foreign Minister Wang Yi on Friday assured his newly appointed Cambodian counterpart, Prak Sokhonn, Beijing respected freedom of navigation in the South China Sea, despite the issue fuelling friction with Washington. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/24115/cambodia--china-discuss-south-china-sea-tensions/
South Korea supplies equipment for artefact restoration
Cambodia on Monday received $124,000 worth of resources from South Korea to speed up the process of restoring ancient artefacts. ...
Post Staff
http://www.phnompenhpost.com/national/south-korea-supplies-equipment-artefact-restoration
South Korean firm to share tech expertise
The Ministry of Industry and Handicrafts and the South Korea-based firm Gwangju TechoPark will soon reach a deal on improving technology in Cambodia’s special economic zones. ...
May Kunmakara
http://www.khmertimeskh.com/news/39921/south-korean-firm-to-share-tech-expertise/
Agreement allows South Korea to manage forests
South Korea will manage the replanting of trees on former economic land concessions—with an eye toward eventually entering Cambodia’s logging industry—under a tentative agreement between the two countries, Agriculture Minister Veng Sakhon said on Wednesday. ...
Aun Pheap
https://www.cambodiadaily.com/news/agreement-allows-s-korea-to-manage-forests-126309/
Belgium steadfast in support for Cambodian students
The Government of Belgium is providing scholarship support for Cambodian students wishing to pursue master’s and doctoral degree programmes at some of Belgium’s most renowned universities. ...
Hang Punreay
https://www.khmertimeskh.com/501375054/belgium-steadfast-in-support-for-cambodian-students/
World Bank stops funds for Cambodia over evictions
The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country’s capital, Phnom Penh. “The World Bank’s last ...
http://www.reuters.com/article/2011/08/09/cambodia-worldbank-idUSL3E7J920D20110809
Beijing supports Asian free-trade area
Premier Wen Jiabao said on Monday China supports pushing forward an Asian free-trade area, which will cover 28 percent of world’s total export volume. Previous reports said China is expected to make announcements on Tuesday in Phnom Penh that it will join the talks for the ...
http://www.chinadaily.com.cn/china/2012-11/20/content_15942795.htm
Cambodia’s top micro manager [Interview]
How did the floods affect the industry late last year? Of course, we were worried when the floods began because many people were affected. When the floods continued, we did a survey and found that just about 10 per cent of MFI borrowers were affected. But ...
http://www.phnompenhpost.com/index.php/2012030754891/Business/cambodias-top-micro-manager.html
Farming project gets extension, $66M
The government and international funders have committed a further $66 million to a project to increase small farmers’ productivity, after yesterday claiming success in the program’s initial seven-year period. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/farming-project-gets-extension-66m