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China Donates $110,000 in Office Equipment to CPP

He Guoqiang, a senior member of the Chinese Communist Party’s Politburo Standing Committee, yesterday announced a donation of about $110,000 worth of office equipment to the CPP, National Assembly Cabinet Chief Koam Kosal said. The donation was made during the official visit to Cambodia of a ...

World Bank Denies It Will Fund Project in Cambodia

The World Bank has denied a report that it is preparing to fund a new education project in Cambodia, 10 months after the bank froze all new lending to Cambodia to protest evictions and Phnom Penh’s Boeng Kak lake. in The, an undersecretary of state ...

Landless Cambodians see nothing sweet in EU sugar deal

An EU scheme to boost trade with developing nations is fuelling land grabs in Cambodia, activists say, with thousands evicted from their property to make way for a booming sugar industry. Campaigners are taking their fight to European supermarkets, encouraging a boycott of Cambodian sugar, which ...

http://www.channelnewsasia.com/stories/afp_asiapacific/view/1211528/1/.html

United Kingdom's Prudential Company invests life insurance in Cambodia

Cambodia has offered the license for the United Kingdom’s Prudential Company to invest the life insurance in the kingdom. The announcement was made during the meeting between UK ambassador to Cambodia Mark Gooding and deputy prime minister and minister of economy and finance, his excellency Keat Chhon in Phnom Penh. “Ministry granted the approval for ...

http://thesoutheastasiaweekly.com/

Two More Villagers Are Arrested Amid Evictions in Pursat

Two more people in Pursat province’s Veal Veng district were arrested Tuesday in connection with what local authorities are calling a secessionist plot, a forestry official said yesterday. Veal Veng district forestry chief Thorn Bunthet said that Kuy Van, 55, and Leng Chhoeuk, 50, were arrested ...

Cambodia's inflation slightly up to 3.8% in June

Cambodia’s consumer price index (CPI) increased by 0.1 percent to 3.8 percent in June from 3.7 percent in May this year, according to the latest statistics of the National institute of Statistics (NIS) on Wednesday. From May to June 2012, price for food increased by 0.9 ...

http://news.xinhuanet.com/english/business/2012-07/25/c_131737766.htm

With No Faith In Courts, Embattled Turn to Prayer

Clutching bunches of incense, mouths moving in tandem, those gathered before the Preah Ang Dang Keu Shrine on Sisowath Boulevard late last month migth have passed for any group of supplicants save for a notable exception: The prayer was aimed at the judiciary. When supporters of ...

44 garment factory Workers Hurt in Road Traffic Accident

Forty-four garment factory workers were injured in a traffic accident yesterday morning in Svay Rieng province as they traveled to work in the back of an open truck, police said. The workers were riding in the truck when it overturned after colliding with a tractor-trailer on ...

Exports to China Fell 10% in First Six Months

Revenues generated from Cambodian exports to China fell by 10 percent in the first half of the year, according to figures released by the Ministry of Commerce last week. About $60 million worth of goods were exported from Cambodia to China between January and June, the ...

Cambodia's Economic Growth Expects To Be 7% In 2012

“Cambodia’s economic growth will stand about 7 per cent this year,” director general of National Bank of Cambodia His Excellency Chea Chanto said. He adds: “Cambodia is trying to diversify its economies to boost the growth.” At the same time, the report from World Bank said: ...

Cambodia And Vietnam Trade Continues To Grow In 2012

Trade between Vietnam and Cambodia exceeded US$1.9 billion dollars in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday. Speaking at a news conference, an association official said Vietnamese exports to Cambodia came to $1.6 billion in the seven ...

Signs point to more diverse investment projects in Cambodia

The effects of the global financial crisis in 2008 and 2009 on the Cambodian economy showed how perilous having a narrow economic base can be. Since the Kingdom’s economy is dependent on a few “pillars”-garments, construction, tourism and agriculture-downturns in any of those sectors can ...

http://etmcambodia.com

First Rights Worker Questioned in Land Dispute Incitement Case

The Ratanakkiri Provincial Court yesterday questioned one of three human rights workers charged-alongside a journalist-with inciting ethnic minority villagers to protest violently against a powerful agro-industry firm during a 2009 land dispute. A representative of the villagers said yesterday that about 500 of them are planning to gather ...

Hun Sen Alludes to Mam Sonando in Warning Message

Journalists, NGO workers and politicians are not immune to the long arm of the law if they flout it, Prime Minister Hun Sen said yesterday as he distributed land titles in Kampot province. Mr. Hun Sen’s comments come 10 days after independent radio station owner Mam ...

Government Allocates More Than $3 Billion in 2013 Budget

The government has allocated more than $3 billion for total government spending in 2013, an increase of 19.2 percent on the $2.6 billion the government planned to spend in 2012, according to a statement issued by the Council of Ministers on Friday. The statement did not ...

VimpelCom may sell units in Africa and Asia

Russian giant pulling back to core markets to achieve more rational structure and raise funds for investment Russia’s VimpelCom is considering selling many of its subsidiaries in Africa and Asia to focus on more “mature” markets, according to reports. The Financial Times newspaper says that the operator ...

http://www.rethink-wireless.com/2012/10/30/vimpelcom-sell-units-africa-asia.htm

Workshop Calls for Revenue Transparency in Oil, Gas Sector

The government and private companies are being encouraged to adopt a voluntary initiative in order to make revenues generated by the extractives sector more transparent. The workshop on the Best Practice of Governance in Extractive industries and Revenue Management, which was held in Phnom Penh on Friday by ...

Indonesia in Talks With Cambodia Over Rice Export Deal

An Indonesian trade delegation is scheduled to visit Cambodia this month to fInalize a trade deal that could see up to 100,000 tons of rice exported to Indonesia each year, Thon Virak, director general of state-owned rice exporter Green Trade Co., said on Friday. “Indonesia wants ...

Regus Opens in Cambodia, Expands Footprint to 99 Countries

Regus, the world’s largest provider of flexible workplaces is offering a helping hand to local and international businesses in Cambodia, with the launch of its first business centre there. The flexible workspace at the center enables companies of all sizes to expand their presence in ...

http://www.timescolonist.com/business/Regus+Opens+Cambodia+Expands+Footprint+Countries/7550616/story.html

Water Festival Vendors in Phnom Penh See Revenue Drop

Provincial authorities have reported an influx of people from Phnom Penh to the provinces over the three-day Water Festival celebration, while vendors who set up shops on Koh Pich in the capital during the holiday said that they had barely broken even. This year saw ...

http://www.cambodiadaily.com

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