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Floods force GDP revision

Cambodia has lowered its economic growth projection from 7 to 6 per cent for 2011 after more than a month of flood devastation in the Kingdom and continued economic turmoil in the United States and Europe, Deputy Prime Minister Keat Chhon said yesterday. The full impact ...

http://www.phnompenhpost.com/index.php/2011101252083/Business/floods-force-gdp-revision.html

Largest-ever Cambodian solar project launched

Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...

http://www.phnompenhpost.com/index.php/2012011853987/Business/largest-ever-cambodian-solar-project-launched.html

1.3 Million Visitors Arrive in First Semester for 2011

About 1.3 million International visitors arrived in Cambodia in semester one in 2011 with an increase of 13.4 percent if comparing to the same period last year, Tourism Minister announced at a seminar this week. “It is expected that about 2.8 million tourists will pour ...

http://thesoutheastasiaweekly.com/

Prayer Ceremony Held In Attempt to Stop Dam Construction

About 400 indigenous Lao villagers prayed and sacrificed chickens to a powerful local spirit yesterday in Stung Treng province, seeking supernatural help in halting the planned construction of the Lower Sesan 2 Dam, villagers and commune officials said yesterday. The hydropower projects, funded by Vietnam ...

Villagers Appeal to Halt Stung Treng Dam

Eleven village representatives from Stung Treng and Ratanakiri provinces traveled to Phnom Penh yesterday to meet with National Assembly lawmakers and appeal for an end to the planned construction of the Lower Sesan 2 Dam. The hydropower project, funded by Vietnam Electricity, will flood tens ...

Police Arrest TTY Manager Over Shooting

Kratie provincial police have arrested the general manager of TTY rubber company, and he is now facing charges for his role in a Jan. 18 shooting of four villagers by the company’s armed guards, police and court officials said yesterday. Authorities arrested two TTY guards ...

Research differentiates investing in stock exchanges from gambling at the casino

One of the men deeply involved in the development of Cambodia’s financial system, Dr Ghanty Sam, of the Financial Institute of Cambodia, who is also a board member of the Securities and Exchange Commission of Cambodia, says people should be aware of the downside of ...

http://www.phnompenhpost.com/index.php/Special-Reports/research-differentiates-investing-in-stock-exchanges-from-gambling-at-the-casino.html

Fight Illegal Logging From Top, World Bank Says

Echoing longstanding calls from conservation groups, the World Bank says in a new report today that governments need to look past low-level criminals to tackle illegal logging and to follow the money the illicit trade generates instead. That trade of illegal logging generates up to $15 ...

A dreaded homecoming

With the deadline looming for hundreds of Montagnard asylum seekers in Cambodia to return “voluntarily” to the site of their alleged persecution or be forced back across the border, a group who have spent months living in the shadows this week spoke out about their ...

Alice Cuddy and Phak Seangly
http://www.phnompenhpost.com/national/dreaded-homecoming

Gov’t to raise 20% more tax revenue

As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...

May Kunmakara
https://www.phnompenhpost.com/business/govt-raise-20-more-tax-revenue

Land Rights Worry UN

A mission to examine political rights in Cambodia has been increasingly overshadowed by the Kingdom’s dire land rights situation, the 2012 report from Cambodia’s UN special rapporteur on the situation of human rights, published yesterday, shows. Cambodia’s rapporteur, Surya Subedi, conducted two fact-finding missions to Cambodia ...

http://www.phnompenhpost.com/index.php/2012082858327/National-news/human-cost-of-land-concessions-high-un-special-rapporteur.html

Ocean Garment Workers Occupy Factory

About 2,000 workers at Ocean Garment factory continued their ongoing strike yesterday by staging a sit-in on the premises of the factory in support of five union leaders facing prosecution for their role in recent protests. Workers began the sit-in yesterday after rumors spread that ...

Police Officer Charged Over Bavet shooting

The Svay Rieng Provincial Court has charged a local police official with causing “unintentional injuries” during a shooting in February that left three garment factory workers injured in Bavet City, court officials said yesterday. Former Bavet City Governor Chhouk Bundith was charged with the same crime ...

Firms Need to Improve Accounting Standards

Cambodia’s businesses need to dramatically improve their accounting standards if they are to attract interest from investors abroad and reach the standards necessary to list on the recently launched stock market, experts and government officials said yesterday. Speaking at the National Conference on Accountancy in Phnom ...

Eviction fears grow at lake

Villagers living in raised houses on the capital’s Boeung Tumpun lake fear their eviction is on the horizon as sand pumping increases at the site, they said yesterday. In recent months, heavy machinery has been at work at the Boeung Tumpun site. Sand pumping has ...

http://www.phnompenhpost.com/index.php/2012091758736/National-news/eviction-fears-grow-at-lake.html

Changing a culture of impunity

Despite the recent spate of high-profile arrests and deportations, analysts, attorneys and civil society groups are divided on whether the Kingdom is finally beginning to live down its reputation as a haven for the fugitives and criminals who have long been drawn to the country ...

http://www.phnompenhpost.com/index.php/2012091958800/National-news/cambodia-is-not-the-criminal-haven-it-once-was.html

Global financial crisis threatens progress of least developed countries - UN report

The ongoing financial crisis and weak global economic growth have hampered development in the world’s poorest nations, a U.N. report has warned, adding that half of the world’s least developed countries now risked missing their development goals. The Enabling the Graduation of LDCs report, produced ...

http://app.com.pk/en_/index.php?option=com_content&task=view&id=209427&Itemid=2

UN Says Cambodia 'Food Secure' Thanks to Gov't Policies

While the global economic crisis weakened the ability of Cambodian households to purchase food, the government’s focus on agricultural production and other policies have since helped alleviate food insecurity in the country, the U.N. Conference on Trade and Development said in a new report. Between June ...

Protesters End Roadblock Empty-Handed

Srey ambel district, Koh Kong province – A roadblock by locals in a long-running land dispute with CPP Senator Ly Yong Phat petered out after several hours in the dying rain on Saturday without the protesters winning any concessions from either the senator’s firm or ...

Thai Press Gives Conflicting Reports on Chams

Thai media reports yesterday offered conflicting information on whether members of Cambodia’s Cham community were joining a long-running Muslim insurgency in Thailand’s southern provinces. According to the [Bangkok] Post, General Prayuth said most of the Cambodian Muslims were traveling on to other countries in search ...

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