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City Hall breaks ground on new 11-story $3.5 million office

The Phnom Penh Municipality has broken ground on a new 11-story $3.5 million building that is intended to house the city’s public services, the municipal spokesman said Monday. Long Dimanche said construction on the building, which is being erected on a 1,000 square meter plot of ...

Kuch Naren
http://www.cambodiadaily.com/news/city-hall-breaks-ground-on-new-11-story-3-5-million-office-53439/

ADB says aid plan for railway evictees still under negotiation

The Asian Development Bank (ADB) on Wednesday insisted that the Cambodian government has not turned down any of its recommendations for helping thousands of families hurt by a bank-funded project, claiming that talks over how to compensate and support the families were still underway. Last week, ...

Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/adb-says-aid-plan-for-railway-evictees-still-under-negotiation-57859/

For Union Leader on Run, Militant Attitude Prevails

Tax revenue increased 9.5 percent to $353.46 million in the first quarter of the year, compared to the same period last year, according to a statement released Friday by the Ministry of Finance’s general department of taxation. Kong Vibol, general director of the taxation department, said ...

Hul Reaksmey
http://www.cambodiadaily.com/business/tax-revenue-up-9-5-percent-in-first-quarter-58489/

Cambodia to diversify

Cambodia Ministry of Tourism hopes to encourage international tourists to visit coastal areas and ecotourism destinations to take pressure off Siem Reap. The ministry’s marketing & promotion department representative, Hou Sokhom, told TTR Weekly that the country needs to encourage tourists to travel more to other ...

Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2014/06/cambodia-to-diversify/

In condom market, a growing private sector

When Phnom Penh was flooded with free condoms during the Water Festival last week—a public health push to ensure revelers who came for days of debauchery did so safely—the city’s condom vendors weren’t happy about it. The global health organization Population Services International (PSI), whose ...

George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/in-condom-market-a-growing-private-sector-72352/

In sickness and in debt: Medical expenses linked to informal borrowing

Last month a study conducted by the University of New South Wales (UNSW) in Australia painted a bleak picture for Cambodia’s ailing healthcare system. While acknowledging progress made in the field of delivering quality healthcare and the government’s apparent commitment to its universal access, the ...

Gerald Flynn
https://www.khmertimeskh.com/50672464/in-sickness-and-in-debt-medical-expenses-linked-to-informal-borrowing

Japan provides almost $2M to aid mine clearance efforts

The Cambodian Mine Action Centre (CMAC) and Japan International Cooperation Agency (Jica) on Tuesday signed the Record of Discussion on Technical Cooperation for the Project for Strengthening Organisational Functions of CMAC to implement mine clearance action for the next four years. The project will receive ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/japan-provides-almost-2m-aid-mine-clearance-efforts

Officials declare assets, debts

As of January 4, nearly 8,000 of some 20,000 government officials have declared their assets and debts and submitted the relevant documents to the Anti-Corruption Unit (ACU). This follows an ACU notice on October 17, last year, to nearly 50 ministries and institutions in the ...

Long Kimmarita
https://www.phnompenhpost.com/national/officials-declare-assets-debts

Growth forecast falls to 6.5% as gov’t eyes more exports to US

The government downgraded its economic growth forecast for this year to 6.1 per cent from its earlier 6.5 per cent projection, Ministry of Economy and Finance undersecretary of state Phan Phalla said on Thursday. Speaking at a public forum on Macroeconomic Management and Budget Law ...

May Kunmakara
https://www.phnompenhpost.com/business/growth-forecast-falls-65-govt-eyes-more-exports-us

Child abuse costs Kingdom: study

Violence against children cost Cambodia approximately $168 million in 2013, or just over 1 per cent of GDP, according to a new report from the government and UNICEF that explores the economic impacts of physical abuse.Titled The economic burden of health consequences of violence against ...

Sen David
http://www.phnompenhpost.com/national/child-abuse-costs-kingdom-study

Cambodian Start-up Competes With India in Natural Hair Market

PHNOM PENH, Cambodia — For an Internet start-up, Arjuni faces more challenges than usual. The e-commerce site that sells hair extensions operates out of a five-story building here that lacks elevators and, sometimes, power. Employees typically have to travel to remote villages by motorbike or foot ...

http://dealbook.nytimes.com/2012/05/28/in-cambodia-a-start-up-uses-the-internet-to-sell-hair/

PPWSA stock to list today

Investors, along with the next two companies expected to list on the Cambodia Securities Exchange, will watch carefully this morning the action on the country’s first initial public offering, nine months after the CSX officially opened. After a book-building process that was 17 times over-subscribed, Phnom Penh ...

http://www.phnompenhpost.com/index.php/2012041855632/Business/ppwsa-stock-floats-today.html

Early issues crop up in voter registration test

The recent testing of a new electronic voter registration system has fallen significantly short of expectations, with only about 50 per cent of the hoped-for registrations completed, according to officials.The National Election Committee (NEC), which is tasked with organising new voter lists for the 2017 ...

Taing Vida
http://www.phnompenhpost.com/national/early-issues-crop-voter-registration-test

Thai firm says Xayaburi project has begun

The controversial Xayaburi hydro-electric dam project in northern Laos may have already begun, despite countries, including Cambodia, requesting further studies to assess possible negative effects on Lower Mekong communities.Thai development firm Ch.Karnchang said it was due to begin building the dam on March 15 after finalising a ...

http://www.phnompenhpost.com/index.php/2012041955661/National-news/worrying-dam-claims.html

Chinese investors returning: Cambodia should learn the lesson of money laundering risks

The real estate industry in Cambodia has been identified as a high-risk sector for money laundering due to a number of factors. In recent years, the industry has experienced substantial growth, which has attracted foreign investors, particularly from China. This has led to a substantial influx ...

Manghout Ki
https://cambodianess.com/article/chinese-investors-returning-cambodia-should-learn-the-lesson-of-money-laundering-risks

After Reform Promise, a Return to Statecraft as Usual

In an epic, six-hour address in September, Prime Minister Hun Sen apologized for the government’s many “problems” and promised a more reformist government over the next five years of his rule. Targeting corruption, deforestation and the lack of transparency across government sectors, the prime minister made ...

Alex Willemyns
http://www.cambodiadaily.com/news/after-reform-promise-a-return-to-statecraft-as-usual-48602/

Kingdom factory goes for the gold

Cambodian garment makers are filling orders for the 2012 London Olympics in what insiders say is the first time the country has supplied the Games. ShenZhou International Group Holdings Ltd, one of China’s largest apparel exporters, makes shirts and other sportswear for Adidas that will supply ...

http://www.phnompenhpost.com/index.php/2011101952197/Business/kingdom-factory-goes-for-the-gold.html

Microcredit Repayments

While rising inflation poses some financial challenges for rural farmers, it generally isn’t preventing them from paying off loans from microfinance institutions (MFIs). Farmers tend to be able to pay their loans off even though higher prices of food, fuel, fertilizer, pesticides, labor, and some ...

http://www.etmcambodia.com/

Laos Urges Cambodian Businesspeople to Invest More

President of Laos National Assembly, Her Excellency Pany Yathotou, on September 1st arrived here for the four-day official visit in order to strengthen bilateral cooperation between the neighboring countries “Both sides will exchange visits of the officials and lawmakers of National Assemblies to strengthen bonds and ...

http://thesoutheastasiaweekly.com/

The Kingdom’s first IPO

The long awaited first security listing on the Cambodian Securities Exchange became a reality on February 23 with the Security Exchange Commission of Cambodia’s “in principle” approval of Phnom Penh Water Supply Authority’s (PPWSA) “disclosure document for public issuance of equity securities”. This is effectively a ...

http://www.phnompenhpost.com/index.php/2012030854926/Business/the-kingdoms-first-ipo.html

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