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 ...
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 ...
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
South Korea leads Asia’s big three as Cambodia’s leading investor
South Korea replaced the UK as the largest investor in Cambodia last year, with about $287 million injected, 12.5 per cent of the total foreign direct investment, according to data from the Council for the Development of Cambodia (CDC). This represents 33 per cent ...
Garment industry stokes Cambodia’s political growth
Under dazzling white strip-lights, a production line of young Cambodians stitch, iron and fold their way to the day’s target of 820 two-piece children’s pajamas. These garments are destined for the shelves of Los Angeles, shop price $9.97. The workers, mostly women, start at 7:30 ...
Industry Sector
The real growth rate of the industry sector has been revised downwardly by half a percentage point against the previous estimate to 8.8 percent year-on-year in 2012. A scaling down of the growth estimate of the textile and garment sub sector, as a result of persistently weaker demand in the European and US ...
Soldiers cry foul over ‘land grabbing’
About 1,500 representatives of military families in Oddar Meanchey province are planning to file a complaint directly to Prime Minister Hun Sen’s office accusing a high-ranking Royal Cambodian Armed Forces general of selling a large chunk of their land to two Vietnamese rubber companies. The soldiers, ...
http://www.phnompenhpost.com/index.php/2012062557004/National-news/soldiers-land-grabbed.html
Million-tonne goal still a challenge
It has been more than two years since the Cambodian government issued a rice export policy in June 2010, aiming to export a million tonnes of milled rice by 2015. However, a shortage of capital to buy unmilled rice, known as “paddy”, together with high ...
http://www.phnompenhpost.com/index.php/Special-Reports/million-tonne-goal-still-a-challenge.html
Shopping shapes up in Phnom Penh
With demand for shopping space in Cambodia on the rise and investor interest growing, the Japanese developer Aeon Mall (Cambodia) Co Ltd last week broke ground on the construction of a US$205-million mall in Phnom Penh. “We are happy to contribute to the development of ...
http://www.bangkokpost.com/business/retail/326570/shopping-shapes-up-in-phnom-penh