Government salaries to rise
Prime Minister Hun Sen, ministers, secretaries of state and 2,500 other civil servants and political figures will receive substantial pay rises after the Council of Ministers approved a draft of the 2017 Draft Law on Financial Management on Friday. During the cabinet meeting, Mr. Hun Sen ...
May Titthara
http://www.khmertimeskh.com/news/31167/government-salaries-to-rise/
PPSP reports strong revenue growth reaching $2M in Q3
The Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone (PPSP) reported strong revenue growth reaching $2 million in the third quarter of this year – up 46.96 per cent from $1.4 million in the third quarter of last year. ...
May Kunmakara
https://www.phnompenhpost.com/business/ppsp-reports-strong-revenue-growth-reaching-2m-q3
250 Evacuated From Homes In Preah Vihear Due to Flood
More than 250 families in Preah Vihear province’s Preah Vihear City were evacuated from their homes yesterday and moved to higher ground due to flooding caused by persistent heavy rains that started last week, the provincial governor said. Preah Vihear Governor Oum Mara siad that the ...
ADB lowers Cambodia’s economic growth to 6.4% in 2012 due to weak global demand
The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...
Prices rise during mourning
Flower prices soared considerably due to the official mourning period of Cambodia’s former king, Norodom Sihanouk, according to vendors. Crowds of people set upon flower shops at different markets in Phnom Penh, where tens of thousands of mourners participated in paying their respects to the former ...
http://www.phnompenhpost.com/index.php/2012101859296/Business/prices-rise-during-mourning.html
‘Guards are more than farmers in uniform’
Located in a humble, barrack-like building with small offices that are still under construction, Global Security Solutions enjoys the proximity to its biggest customer: Toll Royal Railways. The company not only provides security for embassies, but for petrochemical companies, hotels and airlines as well. Since the ...
http://www.phnompenhpost.com/2013010860663/Business/guards-are-more-than-farmers-in-uniform.html
Construction costs low, but could rise
Construction costs in the Kingdom have increased only 1.36 per cent year-on-year, compared to Cambodia’s inflation rate, which is projected at 3.5 per cent for 2012, according to a new report from global estate agents CBRE. The company says the minimal increase is due to the ...
http://www.phnompenhpost.com/2013030761790/Real-Estate/construction-costs-low-but-could-rise.html
Wage demands: Workers hit streets in bid for pay rise
More than a thousand garment workers went on strike yesterday morning to demand a minimum wage increase and better working conditions, following the failure of minimum wage negotiations between unions and employers on Monday. Some 600 workers in Kandal province yesterday protested in front of ...
France helps Microfinance and Hevea Sector
Two financing agreements, implemented by the French Development Agency, were signed on 12 July 2012 at the Ministry of Economy and Finance, in the presence of the Deputy Prime Minister, Minister of Economy and Finance, H.E.M. Keat Chhon, to support two key sectors for economic and rural development of Cambodia. A financing agreement of 800,000 Euros (1 ...
Rice Exports Slow Due to Millers Hoarding
Cambodia exported more than 200,000 tons of milled rice in 2012, the greatest yield on record, though well short of the government target to export 1 million tons by 2015. Speaking at the Ministry of Agriculture’s annual meeting in Phnom Penh, Agriculture Minister Chan Sarun said ...
World Bank Raises GDP Outlook for 2012
The World Bank yesterday raised Cambodia’s gross domestic product outlook for 2012 by 0.1 percent to 6.6 percent, saying that last year’s flooding and the global economic slowdown did not affect Cambodia’s economy as much as first expected. According to the World Bank’s East Asia and ...
September 2012 Maps
– Economic Land Concessions – ‘ELCs’ – ( Government Data Partial 3 items, and 1 cancelled concession) Click here to download – Mining ( Secondary source data: 79 items ) Click here to download If you have map data to share or compare, please get in touch! info@opendevcam.net ...
Cambodia has capacity to meet financial commitments
What does Friday’s affirmation of Cambodia’s ‘B’ long and short-term sovereign credit ratings actually mean? In short, it signals that the Kingdom of Cambodia — unlike Greece, for example — “currently has the capacity to meet its financial commitments,” according to definitions used by Standard and ...
Union leader attacked with brass knuckles and cleaver
A union representative led a 1,000-strong protest at a garment factory in the capital’s Russey Keo district yesterday, alleging the company hired a gangster to beat him up on Sunday – a claim the manager has denied. Chhim Sam On, a union leader with the Coalition ...
http://www.phnompenhpost.com/2012122560452/National/union-leader-attacked.html
Energy Minister Defends Lower Sesan 2 Project
Energy Minister Suy Sem yesterday defended a draft law on the financing of a massive dam project in Stung Treng province which is slated for debate at the National Assembly on Friday. Environmental groups have called debate of the law premature, as no consultation with local ...
Million-dollar rosewood bust
Five men allegedly caught with 10 cubic meters of illegal rosewood worth more than $1 million on Wednesday were being questioned in Stung Treng provincial court yesterday, officials said. Chroeung Khmao, the provincial prosecutor, said the men – four Chinese citizens and one Cambodian – were ...
http://www.phnompenhpost.com/2013022261563/National/million-dollar-rosewood-bust.html
Protests Over Mondulkiri Electricity Prices Resume
About 100 residents of Mondulkirri province’s Sen Monorom City have protested yesterday for the third time in the past 2 weeks in front of the provincial office of state electricity provider Eletricite du Cambodge (Edc), demanding that their electricity be decreased. Vann Neang, who ...
Cambodia keen on farming cooperation with Tien Giang
A senior Cambodian official has voiced his desire to boost agricultural cooperation with the Mekong Delta province of Tien Giang, especially in fruit farming. Tien Giang has 70,000 ha grown with various fruit trees which produce nearly 1 million tonnes a year. Working with the provincial officials ...
Former Mfone Staff Enter Second Day of Protests
About 300 former employees of bankrupt mobile phone operator Mfone continued to protest yesterday outside the company’s closed Phnom Penh offices, demanding severance payments totaling $4.4 million for 1,092 workers. But Vong Savan, deputy secretary-general of the Labor Dissolution Commission at the Ministry of Social ...
Cambodia’s garment industry expanding
Both exports and imports of garment materials rose more than 17 per cent in the first quarter of the year compared with the same period last year, reflecting a growth in Cambodia’s biggest industry. Exports of garment and textile materials went up by 17.5 per cent ...
http://www.phnompenhpost.com/2013060466032/Business/cambodia-s-garment-industry-expanding.html