Vendors hit as price of Thai durian imports rise
The price of durian from Thailand has risen sharply this year, leading to shrinking profits for fruit vendors in Phnom Penh as demand from China for the spiky, pungent fruit grows more robust. On Sihanouk Boulevard, fruit vendor Heng Sovanna said that since March, the price ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/vendors-hit-as-price-of-thai-durian-imports-rise-59964/
The bitter aftertaste of a sugar deal gone bad
Houy Mai has lost everything to the global demand for cheap sugar and biofuel. The 54-year-old mother-of-eight has fought a years-long battle with Mitr Phol, Asia’s biggest sugar producer and one of three major suppliers to Coca-Cola. Her family was left homeless and without a sustainable ...
May Titthara and Daniel Pye
http://www.phnompenhpost.com/post-weekend/bitter-aftertaste-sugar-deal-gone-bad
Poll shows fighting corruption drives support for education reform in Cambodia
Earlier this week, Cambodia’s Ministry of Education Youth and Sports (MoEYS) held a second high school exam to provide a second chance for the over 70 percent of 93,000 high school students who failed to pass the first annual national high school exam, held in ...
Silas Everett and Menghun Kaing
http://asiafoundation.org/in-asia/2014/10/15/poll-shows-fighting-corruption-drives-support-for-education-reform-in-cambodia/
For festival, any water will do
This year’s subdued Water Festival festivities in the capital, where traditional boat races were cancelled, has resulted in a bump in tourism in the provinces as Cambodians use the three-day holiday to visit their families, enjoy cultural activities and lounge on beaches.“It was unusually quiet ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/festival-any-water-will-do
Investigation Committee Nixed 1 Day After Creation
A joint-party task force that the National Election Committee (NEC) on Saturday announced would be set up to investigate alleged irregularities during the July 28 national election was abruptly abandoned Sunday, with NEC President Im Sousdey announcing that his organization will instead push ahead with ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/investigation-committee-nixed-1-day-after-creation-38277/
Land Disputes Focus Ire on Chinese Investors
Among thousands of residents in the Boeung Kak Lake district of the capital whose land has been targeted for redevelopment by a Chinese-financed real estate company, Tep Vanny carried a letter explaining the “sadness and suffering” caused by the project — which has turned Phnom ...
Sand for Singapore's Growth Comes at Environmental Cost to Poorer Neighbors
KOH KONG, Cambodia (AP) — Round a bend in Cambodia’s Tatai River and the virtual silence of a tropical idyll turns suddenly into an industrial nightmare. Lush jungle hills give way to a flotilla of dredgers operating 24 hours a day, scooping up sand and piling ...
Maybank Cambodia aims to be in top 5 by 2015
Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...
Socially-Responsible Factory to give better deals to workers
Construction is due to start shortly on a socially responsible sun-glass case and cleaning cloth factory in Siem Reap. Pactics produces 40 per cent of cases and cloths for the larget sun-glass factory in the world, Luxottica, which has brands including Ray Ban, Oakley and ...
The great mobile shake-out
Mobile phone subscribers in Cambodia have had little to complain about in recent years. With six new operators entering the market since 2006, the result was oversaturation and an all-out price war as eight operators fought for a foothold in a country with fewer than ...
http://www.bangkokpost.com/business/telecom/334187/the-great-mobile-shake-out
The Week at the CSX
After sudden increase in price to KHR 6, 600 (US$ 1.62) on July 25, over the next week the price rose for a couple of days before eventually changing direction, falling to 6,400 (US$1.57) on August 1. Trading volumes were larger compared to the week ...
Cambodia embraces intensive livestock production
Cambodia, a Southeast Asian country with 15 million inhabitants, has begun to embrace intensive livestock production despite numerous obstacles. The industry heavily relies on the import of genetics, soybean meal, fish meal, additives, medicines and vaccines. A major constraint preventing producers from taking up intensive ...
Government Goes to China in Search of New Loans
Prime Minister Hun Sen will travel to China on Saturday to meet with the rising superpower’s new leadership, in a trip the government expects to yield nearly $2 billion in loans and aid. Most significantly, the Government is hoping to secure Chinese funding for a 1.67 ...
http://www.cambodiadaily.com/news/government-goes-to-china-in-search-of-loans-17314/
K-pop a boon for cosmetics shops
Kim Hyun-joong is looking at you. From a poster outside of a hair salon, from a shop window, in a TV commercial or on local social media sites, the South Korean singer and actor decorates various advertisements in Phnom Penh. But it isn’t just about his ...
http://www.phnompenhpost.com/2013062766507/Business/k-pop-a-boon-for-cosmetics-shops.html
Foreign investment rises 73 pct
A mid [sic] global economic fragility, foreign direct investment (FDI) in Cambodia grew a whopping 73 per cent in 2012 from the year before, a huge increase helping to fuel a record-setting amount of money pouring into least developed countries, according to the United Nations ...
http://www.phnompenhpost.com/2013070166579/Business/foreign-investment-rises-73-pct.html
Independent Monitors Say Election Beset With Irregularities
Election monitors said Monday that irregularities at polling stations during Sunday’s vote were widespread, and preliminary results released by the government do not necessarily reflect the true will of the electorate. At a press conference in Phnom Penh, Transparency International (T.I.) executive director Preap Kol said ...
The Cambodia Daily
http://www.cambodiadaily.com/elections/independent-monitors-say-election-beset-with-irregularities-37391/
Better Recovery for Construction and Real Estate Sector
2012 has been an impressive year for Cambodia’s economic resilience. Among the many sectors that had positively grown are the construction and property development [sic] and they are expected to be among the highest growth achievers in the current year as well. In 2012, the ...
Agriculture Contributes To Helping Cambodia’s Economic Growth: PM Hun Sen
“The agriculture sector today is still playing significant role in promoting local production growth, job creation, and contributing to the poverty reduction of the people. At the same time, the agriculture sector will continue the basic role for economic growth and socio-economic development in Cambodia in ...
Firm Given Rights to All ELC Timber in Ratanakkiri
The Ministry of Agriculture has signed a deal with Try Pheap Import Export to give the firm the right to purchase all timber felled in economic land concessions (ELCs) in Ratanakkiri province, according to a letter sent from the Agriculture Ministry to the Forestry Administration ...
http://www.cambodiadaily.com/news/firm-given-rights-to-all-elc-timber-in-ratanakkiri-22788/
Land prices in Phnom Penh increase by 15 per cent in first quarter
The more Cambodia’s economy grows and the more investors come into Cambodia has had some positive and negative effects, and one of those effects is to push up land prices in Phnom Penh for the first quarter in 2013, an increase of 15 per cent. Sorn ...
http://www.phnompenhpost.com/real-estate/land-prices-phnom-penh-increase-15-cent-first-quarter