French investors keen to learn investment potential in Cambodia
A business forum is scheduled to be held this week in Paris, France, giving floor to businessmen and investors to understand potential investment opportunities in Cambodia, according to the Embassy of France in Phnom Penh. ...
Chea Vanyuth
https://www.khmertimeskh.com/501423451/french-investors-keen-to-learn-investment-potential-in-cambodia/
Vietnamese firms in Cambodia foster connections and enhance trade
Representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh on January 16 to share their experience in operating and investing in Cambodia and foster their connections. ...
Khmer Times Staff
https://www.khmertimeskh.com/501425155/vietnamese-firms-in-cambodia-foster-connections-and-enhance-trade/
EU Ambassador sees NA and the EP forging stronger ties
Igor Driesmans, Ambassador of the European Union (EU) to Cambodia, in a meeting with National Assembly (NA) President Khuon Sudary, expressed his firm belief for enhanced cooperation between the NA and the European Parliament (EP). ...
Hang Punreay
https://www.khmertimeskh.com/501489189/eu-ambassador-sees-na-and-the-ep-forging-stronger-ties/
PM: Funan Techo Canal groundbreaking set for August 5
Prime Minister Hun Manet announced that the groundbreaking for the Funan Techo Canal is set for August 5, noting that 51 per cent of the investment in the project will come from Cambodian financiers. ...
Ry Sochan
https://www.phnompenhpost.com/national/pm-funan-techo-canal-groundbreaking-set-for-august-5-
Loan-to-deposit ratio normalising in 2024, say bankers
A number that might be of concern in Cambodia’s banking system is its loans versus deposits. For 2023, Cambodia’s banks total loans outstanding was $57.6 billion and total deposits $47.9 billion. ...
Rachel David
https://www.khmertimeskh.com/501505072/loan-to-deposit-ratio-normalising-in-2024-say-bankers/
Chinese Ambassador Designate looks to boost bilateral relations
Wang Wenbin, the newly appointed Chinese Ambassador Designate to Cambodia, has pledged to enhance cooperation between China and Cambodia, aiming to achieve greater accomplishments and benefits for the people of both nations. ...
Hang Punreay
https://www.khmertimeskh.com/501519091/chinese-ambassador-designate-looks-to-boost-bilateral-relations/
Minister seeks continued ADB support to combat climate change
Minister of Water Resources and Meteorology Thor Chetha requested the Asian Development Bank (ADB) to continue investing in water resources management and meteorology systems to combat climate change and natural disasters. ...
Ry Sochan
https://www.phnompenhpost.com/national/minister-seeks-continued-adb-support-to-combat-climate-change
Cambodia Opposition Party To Demand Re-Election
The Cambodia National Rescue Party (CNRP) will push for a re-election if Prime Minister Hun Sen’s government continues to refuse calls for an independent probe into widespread irregularities in the July polls, the opposition party’s deputy president, Kem Sokha, said Tuesday. He warned that the ...
Radio Free Asia
http://www.rfa.org/english/news/cambodia/cnrp-11262013192513.html
Pailin governor orders 19 families to move off his land
More than 60 police and military police informed 19 families farming on a plot of land in Pailin province’s Sala Krao district on Saturday that they would have to move as they were growing crops on state land. However, Prak Sophima, provincial coordinator for rights group ...
Aun Pheap
http://www.cambodiadaily.com/news/pailin-governor-orders-19-families-to-move-off-his-land-53397/
Human rights violation, deforestation evident in Cambodia’s gold mine operations over 20 years – report
A recent report by Equitable Cambodia has exposed the commercial gold mining industry’s involvement in deforestation, violation of rights, encroachment and land grab of traditional indigenous forested areas. ...
Chinese mango processing factory in Battambang warned for discharging sewage into stream
Battambang provincial authorities have issued a warning letter to a Chinese owner of a mango processing factory that allegedly discharged sewage into O’ Treng stream in Svay Sar Village of Treng commune in Rattanak Mondul district. ...
Sovann Sreypich and Hel Komsan
https://cambojanews.com/chinese-mango-processing-factory-in-battambang-warned-for-discharging-sewage-into-stream/
Road block jams link to Kratie
About 500 villagers from six districts in Kratie’s Snoul district protested on National Road 7 yesterday, in a bid to find a solution to their land dispute with two Vietnamese rubber companies. Cars, trucks and buses were gridlocked from 8:00am to 12:00pm along National Road 7 ...
Villagers locked in land dispute threaten arson
Police and military police stopped about 200 villagers from entering rice fields in Battambang province yesterday, saying they had no right to harvest in the 100-hectare area because it belonged to well-known businessman Song Thon, villagers said. Chhut Mao, a 64-year-old village representative of Lvea commune, ...
Assembly votes for first pesticide law
The National Assembly yesterday passed Cambodia’s first law on pesticide and chemical fertiliser control, which the government hopes will regulate the use and sale of dangerous chemicals on agricultural products. Currently, hazardous pesticides are sold with little regulation and often without proper labeling that instructs farmers ...
China's Xinwei becomes country's 10th mobile operator
The government has granted China’s Xinwei Telecom a license to become the country’s tenth mobile phone operator and the second firm to roll out so-called 4G technology, the fastest and most advanced network currently available on the market. Those in the telecommunications industry said that the ...
Carlsberg investigates beer strike
Carlsberg has said it is investigating a strike by Angkor beer promoters, who yesterday vowed to continue in their bid for fair treatment. More than 30 beer promoters have been striking since last Monday, accusing Angkor brewer Cambrew of refusing to pay overtime despite a ...
More rallies against rubber
More than 300 villagers from Kampong Cham province’s Chamkar Leu, Memot, and Stung Trang districts gathered in Phnom Penh on Friday to protest against a plan to relocate them from their land in order to make way for rubber plantations. The villagers contend they have ...
http://www.phnompenhpost.com/index.php/2011082951307/National-news/more-rallies-against-rubber.html
Calls for Kingdom to join transparency group
A new US commitment to oil and mining transparency may push the Kingdom closer to a similar agreement, Cambodian experts have said. US President Barack Obama announced earlier this week that the US would join the Extractive Industries Transparency Initiative as an implementing country, according to ...
S&P downgrades Acleda, keeps outlook stable
Hours after downgrading Cambodia’s long-term sovereign credit rating, ratings agency Standard & Poor’s said it had also decided to lower the credit rating for Acleda Bank to B from B+, though it maintained its outlook for the bank as stable. The decision follows a similar decision ...
Tariffs on rice slashed to help fuel exports
As part of a continuing push to bolster rice exports, the government has agreed to waive all export tariffs on milled rice and will also eliminate value-added tax (Vat) on paddy rice purchased domestically. According to a promulgation signed last month by Finance Minister Keat Chhon, ...