Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Grade A students reach record, set to meet PM
Prime Minister Hun Sen will meet with the talented students who received a Grade A in the recent high school diploma exams – also known as baccalaureate II, or Bacc II’ – in an event to be held in Phnom Penh on February 28. ...
Voun Dara
https://www.phnompenhpost.com/national/grade-students-reach-record-set-meet-pm
Minister of Posts and Telecommunications encourages passing BAC II students to learn digital technology skills
Chea Vandeth, the Minister of Posts and Telecommunications, has issued a letter urging students to pass the high school diploma exam to acquire digital technology skills. ...
Khmer Times Staff
https://www.khmertimeskh.com/501390300/minister-of-posts-and-telecommunications-encourages-passing-bac-ii-students-to-learn-digital-technology-skills/
Islamic Microfinance Form to Be Established
A joint venture between Yayasan Restu, a Malaysian organization, and the Cambodian Muslim Development Foundation is set to establish a microfinance institution with $1 million in start-up capital. The institution will allow members of Cambodia’s Myslim community to obtain loans necessary to start small businesses. ...
No improvement in 'Doing Business' report
With few reforms made in the past year, Cambodia ranked 138th out of 181 countries for the second consecutive year in the World Bank’s ‘Doing Business’ report released yesterday, a ranking that put it behind countries such as Syria and Sudan. The report ranks countries based ...
Government Distributes Land For Landless And Poor People
Samdech Prime Minister Hun Sen on June 14 ordered line ministries to distribute land to landless and real poor people to contribute to strengthening social equity system in the kingdom. “Landless and real poor people will get a plot of land with land titles according to the obvious situation,” Premier said in the launching ceremony ...
A man’s world
Straining under the weight of bricks, buckets and metal bars, a faceless army carry their loads from trucks to a massive building site on Penh Penh’s Diamond Island. Hidden beneath wide-brimmed hats and kramas masking their faces from dust and the sun, the battalion of ...
Frédéric Janssens
http://sea-globe.com/female-construction-workers-cambodia/
PM to fete controversial dam
In the wake of several international scandals, the 120-megawatt Stung Atai hydropower plant in Pursat province and its transmission line will be inaugurated today in a celebration headed by Prime Minister Hun Sen. The $255 million hydropower project financed by China Development Bank has been operating ...
Laignee Barron
http://www.phnompenhpost.com/national/pm-fete-controversial-dam
RCEP to bolster Cambodia-South Korea economic cooperation
Cambodia’s Foreign Minister Prak Sokhonn said here on Friday that the Regional Comprehensive Economic Partnership (RCEP) free trade agreement will be a booster for trade and investment relations between Cambodia and South Korea. ...
Khmer Times Staff
https://www.khmertimeskh.com/501126733/rcep-to-bolster-cambodia-south-korea-economic-cooperation/
Pyongyang trade push
North Korea officials have arrived in Cambodia with the intent of establishing a trade relationship, particularly with regards to agriculture. Foreign Affairs Minister Hor Namhong met with Deputy Trade Minister Ri Myong San from the Democratic People’s Republic of Korea (DPRK). Opinions have been mixed ...
http://www.phnompenhpost.com/index.php/2011072750655/Business/pyongyang-trade-push.html
Phnom Penh office demand continues to expand
Office rental growth in Phnom Penh increased 10 to 15 per cent by the end of 2012, said an official of the Cambodian Valuers and Estate Agents Association, as the number of local and international companies have risen significantly. Chrek Soknim, deputy director of VTrust property ...
Porsche Joins Cambodia's Luxury Car Race
Though still one of the poorest countries in the region, Cambodia’s recent economic growth has birthed a new class of consumer. And waiting in the wings is German automaker Porsche, which intends to sell its distinctive sports cars directly to Phnom Penh’s wealthy within a ...
http://www.cambodiadaily.com/business/porsche-joins-cambodias-luxury-car-race-10927/
Pentagon chief to visit Australia, Thailand and Cambodia
US Defense Secretary Leon Panetta will travel to Australia, Thailand and Cambodia next week as part of America’s strategic tilt to the Asia-Pacific, even as crises in the Middle East demand the Pentagon’s attention and resources. In a week-long trip starting Sunday, Panetta will head to ...
Tiffany to polish diamonds
Luxury jewellery brand Tiffany & Co is building a diamond-polishing factory in Phnom Penh, as the company, which has enjoyed increasing sales, seeks to ensure it can continue supplying the diamonds it needs. Construction began last month on the 1.2-hectare factory, along with a training centre, ...
http://www.phnompenhpost.com/2013041064983/Business/tiffany-to-polish-diamonds.html
Cambodia Angkor Air plans network and fleet expansion ahead of PAL-backed Cambodia Airlines launch
Cambodia Angkor Air is planning rapid fleet and network expansion as competition intensifies in the Cambodian market. The Cambodian flag carrier is expected to more than double its fleet by the end of 2015 and launch services to several new markets, including mainland China, Hong ...
S. Korea's Booyoung to build new town in Cambodia
Booyoung Co., a mid-sized South Korean conglomerate, said Tuesday that it broke ground for one of the largest housing projects in Cambodia, a project Cambodia hopes to spur foreign investments. Booyoung said it will build 40 apartments and seven residential and commercial complexes on 2.7 square ...
http://english.yonhapnews.co.kr/business/2013/05/07/45/0501000000AEN20130507006500320F.HTML
Cambodia's mangroves under threat
Cambodia’s vital southern mangrove systems are choking as rising sea levels, agitated by climate change, inundate them with sand, while sand dredging sucks them dry of sediment, a study by the International Union for the Conservation of Nature (IUCN) has found. Stressed by a host of ...
http://www.phnompenhpost.com/index.php/2012120560112/National-news/mangroves-threatened.html
World Bank Sees Challenges to Government Income Target
Cambodia appears unlikely to meet its target of becoming a high middle-income nation by 2030 and years of gains it has made reducing poverty could be erased by even a modest shock to the economy, according to the latest World Bank data. World Bank senior country ...
Zsombor Peter
http://www.cambodiadaily.com/business/world-bank-sees-challenges-to-government-income-target-45405/
NGOs say bank must remain to clean mess
Rights groups yesterday called on ANZ bank to help address alleged labour and environmental violations at Phnom Penh Sugar Company instead of walking away from the problem. A joint statement released yesterday by Equitable Cambodia and Inclusive Development International said it would be wrong for the ...
Daniel de Carteret
http://www.phnompenhpost.com/business/ngos-say-bank-must-remain-clean-mess
Cambodia, China's Guangxi sign deal to cement agricultural cooperation
Cambodia and China’s Guangxi Zhuang Autonomous Region on Tuesday signed a Memorandum of Understanding (MoU) on strengthening bilateral communication and cooperation in agriculture. The deal was inked between Lord Reasmey, secretary-general of Cambodia’s Ministry of Agriculture, and Zhang Mingpei, director- general of Department of Agriculture of ...
http://news.xinhuanet.com/english/china/2013-01/08/c_132088306.htm