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BHP Billiton Faces Bribery Charges After Abandoned Project

The U.S. Department of Justice (DOJ) and the country’s financial regulator have informed Australia-based mining giant BHP Billiton it could still be charged over allegations the company bribed overseas officials, which include claims of improper payments to members of the Cambodian government. Prime Minister Hun Sen ...

http://www.cambodiadaily.com/news/bhp%E2%80%88billiton-faces-bribery-charges-after-abandoned-project-39998/

Economy Should Do Well, Despite China Slowdown: Experts

Although China has undergone an unprecedented economic slowdown, Chinese and Cambodian officials believe it will not seriously affect Cambodia’s economy. Over the past nine months, China’s GDP grew slightly above 7 percent, its slowest pace in 13 years, and some economists expect poor performance for the ...

Khoun Theara
http://www.voacambodia.com/content/economy-should-do-well-despite-china-slowdown-experts-cambodia-khmer/1748785.html

Democratic Reform Needed to Ensure Growth, Prosperity

With the long-ruling CPP sworn in to govern for another five years despite the opposition CNRP abstaining from sitting in the National Assembly due to election irregularities, a new report argues that imminent threats to Cam­bodia’s future development can only be overcome with significant government ...

Simon Henderson
http://www.cambodiadaily.com/news/democratic-reform-needed-to-ensure-growth-prosperity-43690/

Not going without a fight

Teng Khorn’s living room is under a tree, his bedroom in a boat hauled up on a slipway for caulking beside the mangroves that lead to his source of income: the sea. His choice of abode is also his act of defiance against the monolithic Chinese ...

May Titthara and David Boyle
http://www.phnompenhpost.com/national/not-going-without-fight

Hun Sen Says More Die on Roads Than in War

Road traffic accidents are killing more Cambodians per year than those who died annually as a result of war during their country’s more than two decades of armed conflict, Prime Minister Hun Sen said Monday. Speaking in Battambang province’s Bavel district at the inauguration of the ...

Khy Sovuthy and Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-says-more-die-on-roads-than-in-war-53853/

Like father like son, Hun Manet appears to model Hun Sen’s political rhetoric

Since being endorsed by the Cambodian People’s Party in December as the ruling party’s only prime minister candidate, Hun Manet is increasingly appearing in public, taking his father’s place at events ranging from the inauguration of military buildings to road openings. ...

Sorn Sarath
https://cambojanews.com/like-father-like-son-hun-manet-appears-to-model-hun-sens-political-rhetoric/

Giant development in Cambodia hinges on Chinese buyers

There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers. If all goes according to plan, Koh Pich — ...

Chris Horton
http://www.property-report.com/cambodias-mega-development-lures-chinese-investors-34672

Pig production priority

Thailand’s reported move to ban exports of live pigs highlights the need to develop a larger Cambodian pig industry,  insiders say. The Bangkok Post reported yesterday that Thailand’s Acting Commerce Minister Porntiva Nakasai had banned the exports in order to bring down its own prices, ...

http://www.phnompenhpost.com/index.php/2011070150113/Business/pig-production-priority.html

Villagers Block Road to Stop Threat of Evictions

A simmering land dispute in Kratie province’s Snuol Wildlife Sanctuary flared up Friday as hundreds of desperate villagers blocked National Road 76A for four hours in an effort to prevent the clearing of their homes and farms by a rubber company, villagers and human rights ...

http://www.camnet.com.kh/cambodia.daily/

Ongpin’s Atok buys Hong Kong company

Atok-Big Wedge Co. Inc., a listed company owned by the group of former Trade minister Roberto Ongpin, acquired Tidemark Holdings Ltd., a Hong Kong company that owns 25.9 percent of Forum Energy Plc, an oil and gas firm controlled by Philex Mining Corp. Atok-Big Wedge said ...

http://www.manilastandardtoday.com/insideBusiness.htm?f=2011/october/5/business4.isx&d=2011/october/5

World Bank cuts growth outlook to 6%

Devastating floods as well as the economic slowdown in Europe and the US have prompted the World Bank to lower its outlook for Cambodia’s economic growth this year to 6 percent, down from a previous projection of 6.8 percent. In its economic update for the region ...

Gov't, NGOs Discuss Child Labor in Fisheries

Thousands of children are toiling in the country’s fisheries sector, living in conditions that are often hazardous to their health and depriving them of an education, government officials and UN representatives said yesterday at a workshop in Phnom Penh. Seventy-five percent of the 1.5 million ...

http://www.camnet.com.kh/cambodia.daily/

Good ties boost investment, trade, tourism between Cambodia, China

The bilateral relations between Cambodia and China in terms of investment, trade and tourism have become stronger in the past year thanks to the two countries’ good relations, said officials Friday. Cambodia attracted China’s investments of 1.19 billion U.S. dollars in 2011, up 71 percent from ...

http://news.xinhuanet.com/english/china/2012-02/17/c_131416641.htm

Asean NGO Coalition Claims Members’ Rights Violated

Members of the Asean People’s Forum, a coalition of NGOs that convened in Phnom Penh last week, declared yesterday that their rights had been violated after four workshops on sensitive issues were canceled by the venue where they met. In a statement representing more than 1,200 ...

Banks to expand amid sound macroeconomy

Some of Cambodia’s largest banks and financial institutions have announced plans to expand their businesses following solid macroeconomic performance so far this year. The National Bank of Cambodia (NBC) in July projected that the Kingdom’s economy is poised to have grown 7.1 per cent this year. ...

May Kunmakara
https://www.phnompenhpost.com/business/banks-expand-amid-sound-macroeconomy

Korean earned income to rise

Cambodians working in South Korea this year are expected to remit up to US$80 million to the Kingdom as up to 40 per cent more Cambodian labour heads to the East Asian nation compared to last year. The Ministry of Labour and Vocational Training expects at ...

http://www.phnompenhpost.com/index.php/2012082958336/Business/korean-earned-income-to-increase.html

Ministry plans Xayaburi trip

Cambodia has been asked to send a delegation to the site of the proposed Xayaburi hydro-electric dam in northern Laos, Minister of Water Resources and Meteorology Lim Kean Hor said yesterday. Kean Hor, who is also chairman of Cambodia’s National Mekong Committee, said the equivalent body ...

http://www.phnompenhpost.com/index.php/2012083058390/National-news/government-to-inspect-xayaburi.html

As tourism grows, so do questions about sustainability

While tourism officials are pleased about the healthy growth of tourism in Cambodia, the influx of visitors might not be so healthy for the Kingdom’s main attraction-the temple complex of Angkor Wat near Siem Reap. New figures from the Siem Reap tourist office show that about ...

http://etmcambodia.com

Floods Force Evacuations in Northeast

Hundreds of families in Banteay Meanchey province were evacuated from their homes yesterday due to severe flooding, with authorities warning that more than 1,000 additional families may have to be rescued if torrential rains continue as expected over the course of next week. The rains that ...

Locals Pay Almost Double for iPhone Amid High Demand

Cambodian customers eager to buy Apple Inc.’s newest iPhone are paying almost double the company’s asking price in the U.S., phone vendors in Phnom Penh said yesterday. At about a dozen phone shops near Phnom Penh’s Central Market, vendors were doing a steady trade in the ...

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