Chinese firm snaps up $49.2M in local assets
Shanghai-listed Guangzhou Yuetai Group will purchase $49.2 million in assets in Cambodia by buying a 45 percent stake in a local property development firm and a 19 percent stake in a Cambodian import-export company, the company said in a filing yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/chinese-firm-snaps-492m-local-assets
World Bank subsidiary to train 2,000 contract rice farmers
A World Bank subsidiary will soon start training 2,000 farmers contracted to supply a leading Cambodian rice exporter on how to meet an international farming standard. ...
Hang Sokunthea
https://www.cambodiadaily.com/news/world-bank-subsidiary-to-train-2000-contract-rice-farmers-131561/
Among world leaders, PM’s Facebook 2nd for engagement
Prime Minister Hun Sen’s time spent posting selfies and broadcasting speeches live on Facebook appears to be paying off, according to a new study that ranks world leaders’ Facebook pages by level of engagement. ...
Matt Surrusco
https://www.cambodiadaily.com/news/among-world-leaders-pms-facebook-2nd-for-engagement-125590/
Cambodian PM: Poverty reduction target may hit 2 years earlier
Cambodia is expected to achieve the Millennium Development Goal (MDG) in poverty reduction two years earlier than the UN-imposed target, Prime Minister Hun Sen said Friday. According to the UN MDG, Cambodia is set the target to reduce poverty rate to 19.4 percent by 2015, meaning ...
http://news.xinhuanet.com/english/world/2012-09/21/c_131865877.htm
Loran Imex to launch $2m rice mill in 2013
Loran Import-Export Co Ltd, Cambodia’s largest milled-rice exporter, is scheduled to start construction on a new rice mill this month worth more than US$2 million, according to the company’s General Director Lim Bunheng. The mill will help reduce the flow of Cambodia’s paddy rice into neighbouring ...
Cambodia greets 3.2 mln foreigners in Jan.-Nov. 2012
Cambodia has greeted some 3.2 million foreigners in the first eleven months of 2012, up 24 percent compared with 2.58 million visitors in the same period a year earlier, showed the latest statistics of Tourism Ministry on Thursday. From January to November last year, Vietnam topped ...
http://news.xinhuanet.com/english/world/2013-01/03/c_132077998.htm
Cambodia sees 2.65 bln USD trade deficit in 2012
Cambodia recorded a trade deficit of 2.65 billion U.S. dollars in 2012, according to the government’s statistics on Wednesday. The country’s total import and export volume had reached 13.63 billion U.S. dollars last year, up 19 percent from 11.48 billion U. S. dollars in a year ...
http://news.xinhuanet.com/english/business/2013-01/09/c_132091653.htm
Cambodia greets 2.86 mln foreign visitors in 10 months
Cambodia attracted approximately 2.86 million international tourists in the first ten months of this year, up 24 percent over the same period last year, a report of the tourism ministry showed Wednesday. The report said Vietnam remains the largest source of foreign visitors to Cambodia ...
http://news.xinhuanet.com/english/travel/2012-11/28/c_132004445.htm
International Donors Call for Redesign of Sesan 2 Hydro Dam
International donors, including the U.S., Australia, the European Union and the World Bank, have urged the Cambodian government to redesign a massive hydropower project in Stung Treng province that environmentalists say will deplete fisheries and submit it to the Mekong River Commission (MRC) for consultation. In ...
http://www.cambodiadaily.com/news/international-donors-call-for-redesign-of-sesan-2-hydro-dam-33311/
Cambodia attracts over 2 mln foreign tourists in first half
Cambodia received 2.09 million international visitors in the first six months of the year, up 19 percent compared with the 1.75 million tourists over the same period last year, figures from the ministry of tourism showed Saturday. Tourism is one of the sectors supporting the ...
http://news.xinhuanet.com/english/world/2013-08/03/c_132598966.htm
Oxley to acquire Cambodian asset for US$11.2m
In a release, Oxley Holdings Limited announced that the Group’s 49%-owned associated company, Oxley-Worldbridge (Cambodia) Co., Ltd., had entered into an amendment agreement dated 1 July 2013 in respect of a share sale and purchase agreement dated 22 May 2013 to acquire all the shares ...
Cambodia's oil import down by 2 pct in 5 months
Cambodia imported 727,500 tons of petroleum in the first five months of the year, a 2 percent drop from 744,700 tons a year earlier, the figures of the Ministry of Commerce showed Saturday. A liter of premium gasoline goes for 1.38 U.S. dollars in Phnom ...
http://www.asean-china-center.org/english/2013-07/22/c_132563149.htm
Former Manager Admits Stealing $2.3M From Canadia Bank
The former manager of Canadia Bank’s credit section has admitted to stealing $2.3 million from the bank’s accounts, the suspect’s lawyer said Tuesday, in what is one of the largest embezzlement schemes ever undertaken in Cambodia’s nascent banking industry. The testimony from Yeth Sopheaktra, 30, to ...
Eang Mengleng and Colin Meyn
http://www.cambodiadaily.com/news/former-manager-admits-stealing-2-3m-from-canadia-bank-44689/
2,000 Cambodian children die of diarrhea per year: UNICEF
The United Nations Children’s Fund (UNICEF) office in Cambodia said Sunday that a new figure showed that about 2,000 Cambodian children die every year of diarrheal diseases due to lack of safe water, sanitation and basic hygiene. “In Cambodia, perhaps 2,000 die of diarrhea each year. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/health/2013-10/20/c_132814406.htm
Cambodia's 2012 unemployment rate stands at 2.7 pct: survey
Unemployment rate in Cambodia stood at 2.7 percent in equivalent to 202,300 persons aged 15 or older in 2012, according to the first-ever Cambodia Labor Force Survey Report released on Thursday. Conducted by the National Institute of Statistics and the International Labor Organization (ILO), the survey ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/131128/cambodias-2012-unemployment-rate-stands-at-27-pct-survey
Canadia Bank’s Credit Chief Aided $2.3M Embezzlement
One of the four suspects who have been arrested for their alleged involvement in the theft of $2.3 million from Canadia Bank was the head of the bank’s credit section during the time that the embezzlement scheme was carried out, according to a senior adviser ...
Colin Meyn and Eang Mengleng
http://www.cambodiadaily.com/news/canadia-banks-credit-chief-aided-2-3m-embezzlement-44777/
Canadia CEO Sheds Light on $2.3M Embezzlement Scheme
The four people charged with embezzling more than $2 million from Canadia Bank PLC were able to do so by creating fictitious bank accounts and using fraudulent credit cards to withdraw money from those accounts, the bank’s CEO said Monday, the first time Canadia has ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/canadia-ceo-sheds-light-on-2-3m-embezzlement-scheme-45660/
Petitioners set for Round 2 of showdown with City Hall
Protesters were due to march on four foreign embassies this morning to deliver petitions calling for the release of the 23 detainees held at the remote Correctional Centre 3 after being arrested during the crackdown earlier this month. The march – to the embassies of Germany, ...
Mom Kunthear and Daniel Pye
http://www.phnompenhpost.com/national/petitioners-set-round-2-showdown-city-hall
IMF forecasts Cambodia's economy at 7.2 pct in 2014
Cambodia’s economy is expected to grow by 7.2 percent this year, and pick up to 7.5 percent next year, the International Monetary Fund (IMF) has said. The IMF hailed Cambodia for making good progress in achieving the Millennium Development Goals and reducing poverty substantially. It said ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/01/c_133087969.htm
Protest planned for 2nd day of garment protest trials
Some 500 supporters of union leader Vorn Pao and 24 others arrested during a string of garment worker protests since November will rally in front of the Phnom Penh Municipal Court on Tuesday on the second day of their trials, a union official said. All 25 ...
Khuon Narim
http://www.cambodiadaily.com/news/protest-planned-for-2nd-day-of-garment-protest-trials-58141/