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Cambodia flood death toll climbs to 122

The death toll from Mekong River and flash floods in Cambodia has risen to 122 in the past four weeks, a senior disaster control official said Monday. “To date, the floods have killed 122 people and affected some 1.5 million people,” Nhim Vanda, vice-president of the ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/14/c_132797207.htm

One-third of citizens ‘suffering’: Gallup poll

Cambodia has the dubious distinction of coming in third place in a survey released this week purporting to measure countries’ suffering. In the well-being poll compiled by US research company Gallup, more than a third of Cambodian respondents rated their quality of life as abysmally low, ...

Laignee Barron
http://www.phnompenhpost.com/national/one-third-citizens-%E2%80%98suffering%E2%80%99-gallup-poll

Profits peeled at new centre

A pilot cashew-peeling factory in Kampong Thom province aims to make business easier for farmers who have traditionally relied upon sending their raw harvest elsewhere for processing. With $130,000 from the Asia Development Bank, the building went up in May on 3,600 square metres in Kampong ...

Hor Kimsay
http://www.phnompenhpost.com/business/profits-peeled-new-centre

Landmine casualties in Cambodia down 36 pct in 7 months

Cambodia reported 74 landmine casualties in the first seven months of this year, down 36 percent from the 115 casualties over the same period last year, the figures of the Cambodia Mine Action Center (CMAC) said Tuesday. During the January-July period this year, 12 people were ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-08/27/c_132666679.htm

Cambodia sees 15 pct drop in new business registration in 8 months

Cambodian Ministry of Commerce said Friday that it had issued operating licenses to 1,952 new companies in the first eight months of the year, down 15 percent compared with the 2,300 firms over the same period last year. During the January-August period this year, the ministry ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/20/c_132736133.htm

Minister calls for construction of plastic recycle plants in Bavet, Sihanoukville

Say Sam Al, Minister of Environment, on Thursday called for construction of plastic recycle plants in Bavet and Sihanoukville. Speaking at the meeting, the minister said that in the last 20 years Ministry of Environment as well as Cambodian government didn’t allow trash recycle in ...

The Cambodia Herlad
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NzAwNDJmMjdmZTN

Solar power for communes

The offices of commune officials along the Tonle Sap basin will soon be solar-powered as part of a poverty-reduction project backed by the Asian Development Bank. Some 123 off-the-grid commune council offices in Banteay Meanchey, Siem Reap, Kampong Thom and Kampong Cham provinces will be fitted ...

Daniel de Carteret
http://www.phnompenhpost.com/business/solar-power-communes

Government spending, foreign aid up in 2013

Government spending increased 32 per cent last year, while increases in both domestic revenue and foreign aid helped stabilise Cambodia’s budget deficit, according to budget statements from the Ministry of Economy and Finance (MEF). The consolidated financial records, which were released on May 8, show Cambodia’s ...

Eddie Morton
http://www.phnompenhpost.com/business/government-spending-foreign-aid-2013

Stretch of boulevard to be widened for Aeon Mall

Phnom Penh City Hall plans to expand a section of Sothearos Boulevard outside a main entrance to the new Aeon Mall to help ease traffic congestion when the four-floor shopping center officially opens on Monday, officials said Wednesday. “We have a plan to expand the street ...

Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/news/stretch-of-sothearos-boulevard-to-be-widened-for-aeon-mall-62469/

Exports consistent for Cambodia’s ag sector

Cambodia exported 2.9 million tons of agricultural products last year, roughly the same as 2012, but experts say the figure does not reflect the huge potential for the market. According to official data from the Ministry of Agriculture, Forestry and Fisheries, exports included more than 1 ...

May Kunmakara
http://www.phnompenhpost.com/business/exports-consistent-cambodia%E2%80%99s-ag-sector

Rubber decline stokes worry

The government and industry insiders are worried about the steady decline of rubber prices over the last three years, during which the area it is cultivated in has grown. “Farmers and investors raised concern . . . over the trend of the market and the price of natural ...

Chan Muyhong
http://www.phnompenhpost.com/business/rubber-decline-stokes-worry

Luxury resort looks for new lease of life with redesigned blueprint

A new blueprint for the long-delayed Snake Island (Koh Pos) resort development off the coast of Sihanoukville will soon be completed, and investment of up to $1 billion is hoped to kick-start the project, which has a planned completion date of 2018, according to the ...

Siv Meng
http://www.phnompenhpost.com/real-estate/luxury-resort-looks-new-lease-life-redesigned-blueprint

Fire destroys 22 homes in Meanchey District

A raging fire in Phnom Penh’s Meanchey district destroyed 22 homes early Wednesday morning as local villagers struggled to quell the flames and firefighters scrambled to gain access. At about 1 a.m., an electricity line snapped and sparked the fire, Phnom Penh Fire Department bureau chief ...

Sek Odom
http://www.cambodiadaily.com/news/fire-destroys-22-homes-in-meanchey-district-57866/

Porsche dealership to open

The newly appointed local distributor of German carmaker Porsche broke ground yesterday on a $2 million dealership that is set to open within eight months across from the Phnom Penh International Airport on Russian Boulevard. Equipped with four service bays, the planned Porsche Centre Phnom Penh ...

Eddie Morton
http://www.phnompenhpost.com/business/porsche-dealership-open

Sihanoukville struggles to shake its seedy image

This tourist town counts itself among the Most Beautiful Bays in the World Club and more than 1 million tourists each year are drawn to its tropical water and sandy shore. Yet when the U.S. Embassy last month warned its citizens to avoid some beaches ...

Ouch Sony and Simon Henderson
http://www.cambodiadaily.com/news/sihanoukville-struggles-to-shake-its-seedy-image-66108/

Protests continue at Kompong Cham factory

About 2,000 workers from the Chinese-owned Juhui Footwear factory in Kompong Cham province began a fresh round of protests on Friday and Saturday over claims that the factory is refusing to rehire unionists who were fired during a strike earlier this month, a provincial official ...

Ben Sokhean
http://www.cambodiadaily.com/news/protests-continue-at-kompong-cham-factory-68565/

Journalist investigating illegal logging shot dead

A 49-year-old journalist reportedly investigating illegal logging in Kratie province was shot dead early Sunday morning. Within hours, police arrested three men—a commune police chief, a military police officer and a Royal Cambodian Armed Forces (RCAF) soldier—for the murder, officials said. Taing Try, who contributed to ...

Saing Soenthrith and Simon Henderson
http://www.cambodiadaily.com/news/journalist-investigating-illegal-logging-shot-dead-69629/

Cambodian Red Cross swaps Siem Reap office

The Siem Reap provincial office of the Cambodian Red Cross has swapped land with a private company, moving from a prime spot in the heart of Siem Reap City to a cheaper plot 8 km away and on the outskirts of town, officials said Tuesday. ...

Kuch Naren
http://www.cambodiadaily.com/news/cambodian-red-cross-swaps-siem-reap-office-72129/

Bank sector at risk: S&P

The National Bank of Cambodia (NBC) lacks the resources to enforce regulatory standards and bail out underperforming banks during times of need, credit ratings agency Standard & Poor’s says. Cambodia’s banking sector was labelled high-risk, with a score of nine out of 10 on S&P’s2014 Banking ...

Eddie Morton
http://www.phnompenhpost.com/business/bank-sector-risk-sp

SEZs investment potential relies in infrastructure

In 2005, after special economic zones (SEZs) were formally introduced in Cambodia through a sub-decree, Svay Reing’s Manhattan SEZ became the first to began construction the same year. The Sihanoukville SEZ remains Cambodia’s largest with over 1,000 hectares in the area. The $320 million development is ...

James Whitehead
http://www.phnompenhpost.com/real-estate/sezs-investment-potential-relies-infrastructure

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