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Mekong Dams Threaten Extinction of Giant Catfish

The elusive Mekong giant catfish, which the U.S.-based World Wildlife Fund (WWF) called “one of the world’s largest and rarest freshwater fish,” can reach up to three meters (10 feet) and weigh up to 300 kilograms (660 pounds). The Xayaburi dam would prove an “impassable barrier” ...

http://www.rfa.org/english/news/laos/dams-06192013184629.html

EDC promises more power

The recent power shortages have left residents of Phnom Penh out in the heat and dark, but amidst their mounting frustration, state-owned energy supplier Electricite du Cambodge (EDC) has announced it will be purchasing more power from Thailand to address the shortfall. Keo Rattanak, director-general of ...

http://www.phnompenhpost.com/2013032964781/National/edc-promises-more-power.html

MIME launches business award

The government wants to play a bigger role in helping local businesses remain competitive and, to this end, the Ministry of Industry, Mines and Energy (MIME) has launched a new award to recognise companies that have achieved high produc-tivity standards. Ten companies will be awarded in ...

http://phnompenhpost.com/2013051765677/Business/mime-launches-business-award.html

Inflation Report To Be Delayed Official Says

With prices creeping upward and the central bank looking to take monetary action to fight inflation, the government has suspended the publication of the monthly Consumer Price Index, an official at the Ministry of Pallning said yesterday. Sam Saroeun, deputy director of the statistic department ...

Co-op law will bolster agriculture sector: PM

WITH the passing of a law on farmers’ co-operatives, the government hopes to streng-then the country’s growing agricultural sector, Prime Minister Hun Sen said in a speech at the National Institute of Education yesterday. “In time, I believe that economic growth will be tremendous in rural ...

http://www.phnompenhpost.com/2013022761644/Business/co-op-law-will-bolster-agriculture-sector-pm.html

Cambodia's economy to grow by 7 pct in 2013: finance minister

Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday. He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction. Last year, Cambodia’s GDP per capita was nearly 1,000 ...

http://news.xinhuanet.com/english/business/2013-03/29/c_132271714.htm

Abused women’s support services to expand

Helping women find better employment opportunities is key to ensuring they feel able to report rape and sexual abuse, government and civil society representatives said yesterday. Although Cambodian courts are prosecuting an increasing number of cases involving violence against women, economic concerns stop many from reporting ...

http://www.phnompenhpost.com/2013052265772/National/abused-women-s-support-services-to-expand.html

The price of land development in Cambodia

Phnom Penh, a city once fabled for its stately colonial buildings and boulevards, and its serene riverside setting, is becoming a city of glaring contrasts. An economy left in ruins by the years of war and violent revolution in the 1970s and 80s grew at a ...

http://www.bbc.co.uk/news/world-asia-21973412

Anti-laundering law gets tougher penalties

The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...

http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html

Southeast Asia's solid economic growth rides over global woes

Southeast Asia is showing stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports, while low debt levels give governments more room than their cash-strapped counterparts in the West to deliver stimulus. On Thursday, the Philippines became ...

http://uk.reuters.com/article/2012/06/01/uk-seasia-economy-idUKBRE85009U20120601

US Seeks Infrastructure Deals in Cambodia

Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...

http://www.cambodiadaily.com/business/us-seeks-infrastructure-deals-in-cambodia-7945/

Wary of China, Companies Head to Cambodia

Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...

http://www.nytimes.com/2013/04/09/business/global/wary-of-events-in-china-foreign-investors-head-to-cambodia.html?pagewanted=all&_r=0

Construction Sector Faces Chronic Labor Shortage

Cambodia’s construction sector is facing a massive labor shortage due to a recent boom in construction projects throughout the country and workers migrating en masse to Thailand in search of higher wages. In 2012, the construction sector expanded rapidly with the total value of approved projects ...

http://www.cambodiadaily.com/news/construction-sector-faces-chronic-labor-shortage-19742/

Sub-Decree aims to better regulate pharmacies

Prime Minister Hun Sen has signed a sub-decree to better regulate pharmacies, a business fraught with fake drugs and fake diplomas. The new sub-decree of the Pharmacists’ Code of Ethics contains 71 articles. They ban distribution of fake drugs and the use of titles not ...

Kuch Naren
http://www.cambodiadaily.com/news/sub-decree-aims-to-better-regulate-pharmacies-55138/

Hun Sen Asks China for Loan to Build New Road

Prime Minister Hun Sen said yesterday that he has requested a $140 million loan from China to build a 190 km road that would branch off National Road 5 and allow easier access to Thailand. The request comes just one month after Mr. Hun Sen returned ...

Gov’t approves plan to increase foreign borrowing over 3 years

The Council of Ministers on Friday approved a plan to increase the amount of borrowing from foreign countries by as much as 33 percent over the next three years, in a bid to counter a decrease in grants and concessional loans. ...

Kuch Naren and Colin Meyn
https://www.cambodiadaily.com/news/govt-approves-plan-to-increase-foreign-borrowing-over-3-years-92892/

Tougher disclosure rules for resources giants

US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...

http://www.phnompenhpost.com/index.php/2012082858310/Business/tougher-disclosure-rules-for-resources-giants.html

Shipments of mango to South Korea poised to begin this week

Exports of Cambodian mangoes to South Korea will begin this week after Korean authorities gave the nod. The Ministry of Agriculture, Forestry and Fisheries’ Department of Plant Protection, Sanitary and Phytosanitary Requirements director Ker Monthivuth told The Post on Sunday that after several inspections of ...

Hin Pisei
https://www.phnompenhpost.com/business/shipments-mango-south-korea-poised-begin-week

South Korea consider’s construction of Cambodia-Korea Friendship bridge

A request by the Royal Government of Cambodia for support from the Government of the Republic of Korea to build a Cambodia-Korea Friendship Bridge to symbolise the diplomatic relations between two nations is being taken into consideration by the Korean side. ...

Heng Panha/AKP
https://www.khmertimeskh.com/50741037/south-korea-considers-construction-of-cambodia-korea-friendship-bridge/

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