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Welfare plan full of goals, short on details

Cash transfers to the poor and public works programs for the unemployed are spelled out in a new five-year plan the government launched yesterday in a bid to expand the country’s threadbare social welfare programs. Though full of ambitious targets and budgets, the ‘National Social Protection ...

Manufacturing to diversify

While Cambodia seeks to diversify its manufacturing sector and encourage higher-value-added activities, experts say it must be supported by the right mix of government policies. The Asia Development Bank (ADB) says that the sharp increase of foreign direct investment (FDI) from $900 million in 2011 to ...

http://www.phnompenhpost.com/2013022561577/Business/manufacturing-to-diversify.html

Australian Gov’t Ordered Railway Investigation

The Australian government yesterday said it has been aware of poor working conditions and inappropriate surveying methods used on Cambodia’s railway rehabilitation project since February and had ordered that the project’s partners investigate the matters. “The Australian Government was alerted to possible concerns about workplace health ...

Yearender: Cambodia's economy remains strong in 2013 despite political row, flood havoc: officials

Cambodia’s economy is expected to maintain the robust growth of over 7 percent this year even though the country is still trapped in political dispute and recovering from the aftermath of recent floods, senior officials and bankers said. But some analysts predicted that political trouble, coupled ...

Nguon Sovan and Wang Qibing
http://news.xinhuanet.com/english/business/2013-12/19/c_132979125.htm

Chhay aims to purge Nat'l Assembly of ‘ghosts’

Senior opposition lawmaker Son Chhay has formally requested that the entire staff list of the National Assembly’s more than 1,000-strong secretariat be turned over to him for investigation as part of a bid to root out “ghost” workers and nepotistic appointments. As part of his one-man ...

Pech Sotheary and Kevin Ponniah
http://phnompenhpost.com/national/chhay-aims-purge-natl-assembly-%E2%80%98ghosts%E2%80%99

Chinese investment in Cambodia to diversify into SME finance

Chinese foreign direct investment (FDI) in Cambodia is expected to diversify into finance and banking in the near term, offering microlending services to small and medium sized enterprises (SMEs), said Peter Wong, Southeast Asia and South Asia regional director at the Hong Kong Trade Development ...

Sangeetha Amarthalingam
https://www.khmertimeskh.com/50555620/chinese-investment-in-cambodia-to-diversify-into-sme-finance/

Dam fuels desperation on banks of Se San river

A hand-painted sign nailed to a tree at the entrance of Sre Ko village along the southern banks of the Se San River in Stung Treng province greets visitors with a disturbing message – one made even more alarming by the seemingly tranquil environment and ...

Chea Vannak
http://www.khmertimeskh.com/news/17729/dam-fuels-desperation-on-banks-of-se-san-river/

Belgian arrested for stealing $48k from Canadia bank

Immigration police arrested a Belgian man in Phnom Penh on Monday for using a forged passport to withdraw nearly $50,000 from Canadia Bank, officials said on Tuesday. ...

Ben Sokhean
https://www.cambodiadaily.com/news/belgian-arrested-for-stealing-48k-from-canadia-bank-110291/

World Bank’s IFC inks deal on key logistics hub

The International Financial Corporation (IFC) on February 16 announced that it had inked a new “collaboration agreement” with local WorldBridge Group and Singapore’s YCH Group for the development of the Phnom Penh Logistics Complex (PPLC) as a “smart logistics hub” in Southeast Asia, in a ...

May Kunmakara
https://www.phnompenhpost.com/business/world-banks-ifc-inks-deal-key-logistics-hub

Unclean Water Costs $450M A Year, New UN Report Says

Poor sanitation costs Cambodia $450 million a year due to health costs resulting from water-borne diseases such as diarrhea, according to a new report by the UN Environment Program. The report follows data released last week by the World Bank that found that 75 percent ...

Rice Crops Take A Pounding From Southeast Asian Floods

October marks the start of the main rice harvest in Thailand, the world’s largest exporter of the grain. Traders are waiting to see the full impact of flooding on the crop, but it’s already clear that output across Southeast Asia will fall substantially. The U.N.’s ...

http://www.forbes.com/sites/simonmontlake/2011/10/26/rice-crops-take-a-pounding-from-southeast-asian-floods/

Land rights acrimony in AusAID Asian project

A TAXPAYER-FUNDED development project is mired in controversy after the Cambodian government launched a crackdown against land rights organisations critical of the compulsory resettlement of families. The Cambodian government has cautioned a small group of foreign organisations against stirring up unrest among those being forced off ...

http://www.theaustralian.com.au/national-affairs/land-rights-acrimony-in-ausaid-asian-project/story-fn59niix-1226130055614

‘Tourism, Dynamic Area In Economic Sector’

Rita O’ Sullivan, ADB Country Director Tourism is a dynamic component in the economic sector. In the Greater Mekong Sub Region – Thailand, Myanmar, Laos and Cambodia – bound together by the Mekong River, the tourism industry is a driving force, says Rita O’ Sullivan, ...

http://www.thesundayleader.lk/2012/09/23/tourism-dynamic-area-in-economic-sector/

Kep first province to wrap land-titling scheme

Seven months after Prime Minister Hun Sen unveiled an ambitious plan to demarcate 1.8 million hectares of state land and formally acknowledge those who live on it, the completion of the first – albeit the smallest – of eight affected provinces has wrapped up. Marking the ...

http://www.phnompenhpost.com/National/kep-first-province-to-wrap-land-titling-scheme.html

Export Values Up 21 Per Cent

Cambodian export values increased more than 21 per cent in the first quarter of this year compared with the same period last year, and officials said the rise was a positive sign for the Kingdom’s economic growth. According to the Ministry of Commerce’s export data ...

http://www.phnompenhpost.com/2013042465194/Business/export-values-up-21-per-cent.html

Canadian Aid for Communal Land Titles to End in March

Canadian funding for ethnic minority communities in the process of applying for communal land titles will run out in March, and other donors have not yet signed up to take over the task, officials from the Canadian International Development Agency (CIDA), which currently provides the ...

http://www.cambodiadaily.com

Non-Government Groups Take Stock of the Country’s Rights Records

The government’s abuse of land rights and indigenous minorities were among the top concerns raised Tuesday by non-governmental groups at a workshop in Phnom Penh on Cambodia’s progress toward achieving a long list of U.N. human rights recommendations. As part of the U.N. Human Rights Council’s ...

http://www.cambodiadaily.com/news/non-government-groups-take-stock-of-countrys-rights-record-21113/

US supports $2.7m in loans for agriculture

The US government is working with a Cambodian microfinance institution to finance $2.7million in loans to farmers and small- and medium-sized agro-businesses in Battambang, Kompong Thom, Pursat and Siem Reap provinces in order to improve their access to credit, the US Embassy said. USAid will work ...

Prices and Monetary Developments

Price levels picked up during the first half of 2012 but will likely cool down in the second half of the year due to changes in energy prices and major food related items. Therefore, the inflation rate has been upwardly adjusted by 30 basis points to 4.8 percent ...

http://www.etmcambodia.com/

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