New Siem Reap health centre to be a boon for mothers, babies
With the promise of better care for both mother and baby during labour, the Maternal Child Medical Centre was inaugurated yesterday at the Siem Reap Provincial Hospital. The inauguration was presided over by Deputy Prime Minister Tea Banh, who said the centre was the first of ...
Cambodia attracts over 2 mln foreign tourists in first half
Cambodia received 2.09 million international visitors in the first six months of the year, up 19 percent compared with the 1.75 million tourists over the same period last year, figures from the ministry of tourism showed Saturday. Tourism is one of the sectors supporting the ...
http://news.xinhuanet.com/english/world/2013-08/03/c_132598966.htm
Major bank downgrade
Moody’s Investors Service announced yesterday it had downgraded the credit rating of ACLEDA Bank, citing the departure of two of the Bank’s major investors in as many years. The loss of a second big sharehol-der in the first half of this year had led to ...
http://www.phnompenhpost.com/index.php/2011090251414/Business/major-bank-downgrade.html
Overloaded vehicles at issue
Overloaded vehicles are contributing to a more rapid than anticipated deterioriation of Cambodia’s road network, experts said yesterday The ADB has funded an axle-load control programme as part of a US$1 million technical package to support government rehabilitation of about 150 kilometers of the Kingdom’s roads. ...
http://www.phnompenhpost.com/index.php/2011070550177/Business/overloaded-vehicles-at-issue.html
Riverside Site Not Ours, Says Vattanac
Vattanac Properties Ltd’s president has denied ownership of a building site where construction has damaged the surrounding block of historic French Colonial era buildings. Chhung Leang who is also a cofounder of Vattanac Bank has said that the site is owned by an individual but ...
FDI soars 250% over last year
Foreign direct investment in the Kingdom soared 250 per cent year-on-year through August even despite the West’s economic woes, Deputy Prime Minister Sok An said yesterday. A total of 87 projects worth US$5.6 billion were approved by the Council for the Development of Cambodia during the ...
http://www.phnompenhpost.com/index.php/2011101352107/Business/fdi-soars-250-over-last-year.html
Three special economic zones gaining steam
Five years after the government established the country’s special economic zones (SEZs), the Phnom Penh SEZ, Sihanoukville II SEZ, and Manhattan SEZ in Svay Rieng province are at last starting to attract more business. According to data from the Council for the Development of Cambodia (CDC), ...
Dene-Hern Chen, p.25
Export figures up 42% in 2011
Strong growth in garment, textile, and agricultural exports drove a 42.7 per cent increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows. The Kingdom exported $4.98 billion in goods last year, compared with $3.49 billion the year before. Market diversification and a relaxing ...
Power Grid Key to Development
According to the Asian Development Bank (ADB) the regional and national power grids are key to development, though plans for their development have come under criticism by a number of NGOs who believe that power generation should be decentralized. The ADB’s Greater Mekong Subregion program ...
Letter reveals minister's ire with NGOs
Prime Minister Hun Sen received a proposal from Finance Minister Keat Chhon in June seeking to bar “foreign NGOs” from advocacy work in Cambodia, as well as preventing foreigners from working with local advocacy groups because of activism around the rehabilitation of the nation’s railway, ...
MFI opens with $50m loan package
Sonatra Microfinance Institution, a joint investment between local and foreign investors, officially started operations in Cambodia yesterday. A US$50 million loan package was signed during the ceremony on Thursday, providing Singapore-based EastWing Group and Japanese firm Grand Cooperation with a 30 per cent stake of the ...
Boeng Kak evictees deliver petitions to embassies to pressure government
Some 100 former residents of Phnom Penh’s Boeng Kak community yesterday delivered petitions to 10 embassies and the offices of the World Bank and European Union asking them to pressure the government into increasing the compensation for their evictions. Sam Vanna, a representative of the residents, ...
More evictees may have recourse through IFC
Rights groups say families being forced off their land by development projects recently revealed to have World Bank Group backing could probably file successful complaints against the institution, effectively forcing it to help the families save their homes or at least win better compensation. ...
Zsombor Peter
https://www.cambodiadaily.com/news/evictees-may-recourse-ifc-119213/
Donors Criticize Sonando Sentence
Three of the Cambodia’s most important donors have now condemned the 20-year jail term handed down to independent radio station owner Mam Sonando for alleged insurrection activities-a verdict branded as politically motivated by many local and international human rights groups. Despite the tough words from the normally very ...
Study to determine cost to finish railway
With funds almost exhausted on the $140 million rehabilitation of Cambodia’s railway network, the government and the Asian Development Bank (ADB) have decided to conduct a study to determine how much more money is needed to complete the project, a government consultant said yesterday. Paul Power, ...
Food-price hike hits workers
The price of food spiked this month, and Cambodia’s low-paid garment workers are feeling the effects. Meat, vegetables, toothbrushes, beauty accessories and even the plastic bags they get packed in have all seen a sharp bump up in price this month, some items by as much ...
Daniel de Carteret and Hor Kimsay
http://www.phnompenhpost.com/business/food-price-hike-hits-workers
World Bank To Review Environmental Complaints Against Company
The World Bank says it will investigate reports from indigenous groups in Cambodia that a company funded by the Bank’s International Finance Corporation is involved in deforestation and land grabs. The Bank’s Office of the Compliance Adviser Ombudsman, or CAO, will first examine the credibility of ...
Sok Khemara
http://www.voacambodia.com/content/world-bank-to-review-environmental-complaints-against-company/1853122.html
Online registration option to be rolled out to SMEs
The Ministry of Industry and Handicraft will introduce an online registration platform for Cambodia’s small- and medium-sized enterprises (SMEs) this year, a ministry official confirmed yesterday. Heng Sok Kong, secretary of state at the ministry, said the new software for web registration was built in partnership ...
Annie Lee
http://www.phnompenhpost.com/business/online-registration-option-be-rolled-out-smes
Forum focuses on realizing development triangle’s potential
Building partnerships to realize the potential of the Cambodia-Laos-Vietnam Development Triangle was the theme of a forum in Buon Ma Thuot City, the Central Highlands province of Dak Lak on April 21. The event, co-hosted by the Ministry of Planning and Investment and the Asian Development ...
Saigon GP Daily News Staff
http://www.saigon-gpdaily.com.vn/Business/Economy/2014/4/108858/
Value chain in decline: WTO
Cambodia is one of only two economies worldwide to have declined in global value chain (GVC) participation since 1995, according to the World Trade Organization’s latest study. The WTO’s World Trade Report 2014, released Monday, shows Cambodia’s overall percentage of GVC participation – one country’s contribution ...
Eddie Morton
http://phnompenhpost.com/business/value-chain-decline-wto