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Will move to cap microfinance interest rates backfire on CPP?

The ruling CPP doubled down on Tuesday on its decision to cap interest rates on microfinance loans as a way to help the poor get out of debt, even as analysts called it a political move that would have long-term negative effects on the rural ...

Hang Sokunthea and Matt Surrusco
https://www.cambodiadaily.com/news/will-move-to-cap-microfinance-interest-rates-backfire-on-cpp-126564/

Rainsy officially launches Cambodia National Rescue Movement, lays out five-point plan

Yesterday, Rainsy said the new Cambodia National Rescue Movement had a five-part plan, starting with appealing to the international community to take action. The next step is to work with “economic” partners to put financial pressure on the government.Next, Rainsy said the movement will encourage ...

Niem Chheng and Andrew Nachemson
https://www.phnompenhpost.com/national-politics/rainsy-officially-launches-cambodia-national-rescue-movement-lays-out-five-point

Development actors bet on political power shift to save Cambodia's forgotten forest

Recently, Cambodia’s prime minister signed a series of decrees placing the responsibility of Prey Lang protection with the Ministry of Environment and provincial governments. It’s a promising change, development professionals and conservation activists tell Devex, as a combination of stronger national and local government cooperation ...

Kelli Rogers
https://www.devex.com/news/development-actors-bet-on-political-power-shift-to-save-cambodia-s-forgotten-forest-89395

Ending poverty a big issue

The public has spoken and among their top priorities for spearheading sustainable development in Cambodia are eradicating poverty, administering quality education and achieving peace and justice, according to a new survey published by NGO World Vision. The survey takes focus on 2030’s UN Sustainable Development Goals ...

Safiya Charles
http://www.khmertimeskh.com/news/31539/ending-poverty-a-big-issue/

Cambodians Face Abuse at Seafood Factory

A Thai seafood factory supplying retail giant Walmart is continuing to violate its labor arrangements with hundreds of Cambodian workers there and could leave up to 100 of them stranded and jobless by next week, the Cambodian Legal Education Center (CLEC) said in a new ...

Logger Reported Dead as Rosewood Trade Directive Announced

Amid reports that a second Cambodian has been killed this year by Thai armed forces while illegally logging in Thai border territory, officials had little detail yesterday on a government directive that is aimed at ending the international demand for rosewood from Cambodia. Prime Minister Hun ...

http://www.cambodiadaily.com

Borei Keila Evictees Protest Delayed Court Hearing

About 20 former residents for the Borei Keila community protested outside the Phnom Penh Municipal Court yesterday after a judge delayed a hearing regarding their land dispute with the powerful Phanimex company, a lawyer for the residents said. The residents filed a complaint against Phanimex ...

One man’s trash, another’s power

Phnom Penh’s mountains of garbage might be keeping the city’s lights on as early as 2015 if all goes according to plan, developers and city officials have said. Under a new proposal presented to Phnom Penh Municipal Hall last Tuesday, the Green Asia Global Corporation is ...

http://www.phnompenhpost.com/index.php/2012072457578/National-news/one-mans-trash-anothers-power.html

Bank Accounts Rare in Cambodia, Even for Rich

Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...

http://www.cambodiadaily.com/business/bank-accounts-rare-in-cambodia-even-for-rich-6957/

Stevia Nutra Corporation Set to Launch Stevia Propagation Centre in Cambodia

Stevia Nutra Corporation — (The Company), an Agro-Management company focused on stevia agronomics is pleased to announce that it has successfully acquired 50 acres of prime agricultural land in Cambodia for its new innovative Stevia Propagation Centre (SPC). The property is located just outside the town ...

http://www.marketwatch.com/story/stevia-nutra-corporation-set-to-launch-stevia-propagation-centre-in-cambodia-2012-06-08

Firms relocating for cheaper labour costs

Industrialists have raised concerns that the higher minimum wage is a key factor driving many labour-intensive manufacturers to relocate to less developed neighbouring countries. At a seminar on investment strategy in Cambodia, Laos, Myanmar and Vietnam held yesterday by the Board of Investment of Thailand (BOI) ...

http://www.nationmultimedia.com/business/Firms-relocating-for-cheaper-labour-costs-30183724-showAds1.html

Boeung Kak Resolution Speeds on

Responding to a new plan put forward by members of the Bo­eung Kak community and NGOs last month, Phnom Penh Municipal Hall announced on Friday that it had drawn up a list of all families who remain excluded from the 12.44 hectares Prime Minister Hun ...

http://www.phnompenhpost.com/2013061066166/National/boeung-kak-resolution-speeds-on.html

Firm plans more bus lines

Chinese firm Global (Cambodia) Trade Development will launch several more city bus lines in Phnom Penh over the next 10 months, dramatically expanding what has so far been a successful experiment to introduce mass transit to the capital, the company and state media said yesterday. Lin ...

Vong Sokheng
http://www.phnompenhpost.com/national/firm-plans-more-bus-lines

Labor ministry to inspect migrant worker recruitment agencies

The government today will begin strict inspections of agencies that recruit workers to send overseas, Labor Minister Ith Sam Heng said Tuesday. The labor minister has previously threatened to suspend or revoke the licenses of agencies that do not comply with labor laws. Speaking at a workshop ...

Matt Blomberg
http://www.cambodiadaily.com/news/labor-ministry-to-inspect-migrant-worker-recruitment-agencies-54925/

Bus strike, part deux

Striking Phnom Penh Sorya Transportation bus service workers demonstrated with fired employees outside a company garage in Russey Keo district yesterday and threatened to lead others off the job again if a deal on contracts can’t be brokered by the Ministry of Labour and company ...

Mom Kunthear
http://www.phnompenhpost.com/national/bus-strike-part-deux

Laos draws ire of neighbors with Mekong River dam plans

Laos will push ahead with its ambition to become the “battery of Southeast Asia,” planning a Mekong River dam that has drawn opposition from neighbors and threatens to involve China and the U.S. Four Mekong River nations are scheduled to meet June 26-27 in Thailand to ...

Bloomberg News Staff
http://www.businessweek.com/news/2014-06-03/laos-draws-ire-of-neighbors-with-mekong-river-dam-plans

Cambodia Rice Federation (CRF) Launched to Help Nation Reach Annual Rice Export Target of One Million Tons by 2015

Cambodia officially announced the creation of the Cambodia Rice Federation (CRF) to improve competitiveness, promote trade, and increase investment in the rice sector, according to comments from the Prime Minister. Board elections are expected to take place Mrch 24 and the chairman is limited to ...

Oryza News Staff
http://oryza.com/news/rice-news/cambodia-rice-federation-crf-launched-help-nation-reach-annual-rice-export-target-one

Democratization in Cambodia in retreat following violent 2013

Democracy is in retreat since July’s national election as the ruling CPP has increasingly used armed forces to protect its grip on power and stubbornly refused to reform state institutions, the Committee for Free and Fair Elections in Cambodia (Comfrel) said in a new report ...

Lauren Crothers
http://www.cambodiadaily.com/news/democratization-in-cambodia-in-retreat-following-violent-2013-56145/

Unions drum up strike support

At the site where security forces shot dead at least four people during a nationwide strike on January 3, union leaders yesterday passed out fliers encouraging workers to join a stay-at-home strike after Khmer New Year. When workers filed out of Canadia Industrial Park’s gates for ...

Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/national/unions-drum-strike-support

Phnom Penh makes top 5 of Knight Frank real estate index

Phnom Penh has earned one of the top spots in a new report tracking prices of residential and commercial real estate across the region. The Knight Frank Asia Pacific Prime Asia Development Land Index, which the global real estate consultancy has hailed as a market first, ...

Post Staff
http://www.phnompenhpost.com/real-estate/phnom-penh-makes-top-5-knight-frank-real-estate-index

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