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Imports Fill the Gap as Domestic Silk Production Dwindles

Cambodia is importing hundreds of tons of silk from China and Vietnam to compensate for a fast-declining domestic industry, which is suffering due to producers opting to grow other crops instead or raising silk worms, according to silk producers. Men Sinoeun, director of the Artisans’ Association ...

Sotheby’s Gets Stay on Khmer Statue Confiscation

The future of a 1,000-year-old Khmer statue—which Sotheby’s auction house in New York was ordered by the US government on Wednesday to hand back to Cambodia—is now in the hands of the US courts. The statue of the guardian Duryodhana is believed to have come from ...

Railway compliance complaint sent to ADB

Families have fallen into poverty and children have dropped out of school due to deficiencies in the Asian Development Bank’s rehabilitation of Cambodia’s railway system, according to a complaint filed to the bank’s compliance review department. According to David Pred, managing associate for NGO Inclusive Development International, ...

http://www.phnompenhpost.com/index.php/2012090658539/National-news/complaint-to-adb-cites-decline-in-housing-food-education.html

Mondolkiri Minority Villagers Divided Over Land Titles

Ethnic Bunong villagers in Mondolkiri province’s Pech Chreada district are bitterly divided over how best to protect their ancestral land amid efforts by authorities to map it in preparation for property titles. Bosra commune chief Yoeth Sarin said that since student volunteers-deployed across the country as ...

Worker relieved of factory job

The dismissal of a worker allegedly fired by Xin Lan (Cambodia) garment factory in Kandal province’s Ang Snuol district for frequently relieving himself on the factory’s perimeter fence has sparked a mass strike of about 1,000 fellow workers – almost all of the factory’s staff. Nov ...

http://www.phnompenhpost.com/index.php/2012080757850/National-news/alleged-job-sacking-incites-factory-protest.html

Longan farmers in Pailin plan factory

A co-operative of longan farmers in Pailin plans to build a processing factory to increase export capacity as output and demand rise. Meas Loeurn, the co-operative’s leader, told the Post on Wednesday rising demand from China was prompting growing numbers of farmers to cultivate the fruit. “During ...

http://www.phnompenhpost.com/2013020861252/Business/longan-farmers-in-pailin-plan-factory.html

Kratie vendors protest pricey relocation site

In an effort to improve Kratie town’s aesthetics, authorities have ordered about 300 shop owners on central roads and along the river bank to relocate their operations or face physical removal. Vendors were given until today to move to a location about a kilometre away, but ...

http://www.phnompenhpost.com/index.php/2012082258200/National-news/kratie-vendors-protest-pricey-relocation-site.html

Investment Needed to Reach Rice Export Target

Cambodia exported just 78,000 tons of milled rice through the first eight months of 2012, and if the government is to reach its target of exporting 1 million tons each year by 2015 the agriculture sector needs more access to financing, participants at the Cambodian ...

Chinese tourist numbers high

Foreign tourists visiting Cambodia increased more than 24 per cent for the first eight months of the year compared to the same period last year, while tourism officials expected Chinese visitors could be ranked number two in the Cambodian tourism market in the future. According to ...

http://www.phnompenhpost.com/index.php/2012100459105/Business/chinese-tourist-numbers-high.html

Cambodian PM vows to bring greater prosperity to his people

Cambodian Prime Minister Hun Sen said he had set a vision that his country will be among countries with upper middle income by the year of 2030. He said Cambodia has laid out strategies and action plans to achieve an annual economic growth of 6-7 ...

http://www.chinadaily.com.cn/business/boao2013/2013-04/04/content_16376913.htm

Full text of China-Cambodia joint press communique

The following is the full text of the joint press communique between China and Cambodia issued on Tuesday during the official visit by Prime Minister Samdech Akka Moha Sena Pedei Techo Hun Sen of the Kingdom of Cambodia to China: Joint Press Communique Between the People’s ...

http://english.peopledaily.com.cn/90883/8200926.html

Group Lease boosts Singapore unit to fund Cambodia operation

Group Lease has decided to raise the capital of its wholly owned Singaporean subsidiary Group Lease Holdings to serve as the main funding source for its Cambodian motorcycle leasing operations after six months of satisfactory trial operations there. Cambodia, which is managed by Group Lease’s ...

http://www.nationmultimedia.com/business/Group-Lease-boosts-Singapore-unit-to-fund-Cambodia-30204735.html

Mfone workers paid, a little

After months of protests, more than 1,000 former Mfone employees yesterday received just 10 per cent of the $4.4 million they were demanding in compensation after the telecom company filed for bankruptcy in January. Court-appointed administrator Ouk Ry, entrusted with the sale of Mfone’s assets, ...

http://www.phnompenhpost.com/business/mfone-workers-paid-little

Rice trade zone to be set up in East

The Department of Foreign Trade plans to set up a “rice trade zone” project in the East to process Cambodian rice for export to other countries. Tikhumporn Natvaratat, deputy director-general of the department, said his organisation plans to implement the project in Chanthaburi, Trat, Sa Kaeo ...

http://www.bangkokpost.com/news/local/342199/rice-trade-zone-to-be-set-up-in-east

Too many players vie in Kingdom’s ISP industry

Like the telecommunications industry in Cambodia, the market for internet service providers (ISP), too, is overcrowded, leading industry experts to say that the situation is preventing new investment. Data from the Ministry of Post and Telecommunications showed that at the end of 2012, Cambodia had ...

http://www.phnompenhpost.com/2013040464879/Business/too-many-players-vie-in-kingdom-s-isp-industry.html

Cambodia sells more, buys less

Trade between Thailand and Cambodia went off in a wild divergence in the first quarter of this year. Exports from Cambodia rose 19% to US$102 million (2.9 billion baht) year-on-year, while Thailand’s imports recorded a 4% decline to $1 billion, the Phnom Penh Post reported on ...

http://www.bangkokpost.com/breakingnews/351002/strong-baht-sends-thai-exports-to-cambodia-down

Agriculture needs more loans, irrigation systems, experts say

Accessing low-interest loans for rice cultivation is a challenge because the industry in Cambodia is dependant upon rainfall and not irrigation and is thus more risky, experts said last week. In a meeting on the private sector development in the rice sector, Lim Heng, vice president ...

http://www.phnompenhpost.com/2013052065704/Business/agriculture-needs-more-loans-irrigation-systems-experts-say.html

Sathapana borrows $15m for micro loans

Cambodian microfinance institution (MFI) Sathapana Limited will receive $15 million in loans to provide additional support to small- and medium-size enterprises (SMEs), which make up the vast majority of the country’s businesses. The loan comes courtesy of German Investment and Development Company DEG, a subsidiary of ...

http://www.phnompenhpost.com/business/sathapana-borrows-15m-micro-loans

ADB lends 70 mln USD to Cambodia for rice commercialization, finance reforms

The Government of Cambodia and the Asian Development Bank (ADB) on Monday signed loan agreements worth $70 million to expand the country’s rice sector and promote reforms in the finance sector, an ADB’s statement said. Signed by Cambodian Deputy Prime Minister and Finance Minister Keat Chhon ...

Xinhua News Staff
http://www.globaltimes.cn/content/806367.shtml#.UhsAYtKBmN8

Cambodian deputy PM leads delegation to China for bilateral meeting

Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong will lead a group of senior officials representing relevant ministries to attend the first meeting of Cambodia-China Intergovernmental Coordination Committee to be held from Jan. 1 to 3 in Beijing. The Cambodian Ministry of Foreign Affairs said ...

People's Daily Online News Staff
http://english.peopledaily.com.cn/90883/8499809.html

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