CPF subsidiaries investing Bt250m in Laos, Cambodia
CP Laos and CP Cambodia are investing a combined Bt250 million to set up a new silo for maize in Cambodia and a new feed-meal plant in Laos to strengthen CPF’s integrated agricultural-industrial business as the Asean Economic Community (AEC) approaches. Most recently, the company ...
Bank Forecasts Drop in GDP Growth to 6.5%
The Asian Development Bank (ADB) yesterday revised its prediction for economic growth in Cambodia down to 6.5 percent as it warned that weakening demand from markets in the US and Europe could affect exports leaving the country. The ADB’s biannual outlook report for 2012 also said ...
Villagers in Pursat Ask Spirits To Curse Pheapimex Company
About 70 villagers in Pursat province’s Krakor district held a daylong prayer ceremony yesterday to request help from spirits to curse the powerful Pheapimex company for destroying their farmland, villagers said. Pheapimex, owned by the wife of CPP Senator Lao Meng Khin, has maintained a 316,000-hectare ...
Chevron Not ready to Pump Oil in December 2012
The chevron oil company announced it is not ready to pump offshore oil in Block A in Cambodia. Mr. Steve Glick, Chevron President said: “the company is not ready to pump oil in Block A offshore Cambodia on the set-date of December 2012, complaining that more tasks need to be completed, but expressed ...
Partners Help Urban Food Security Project In Phnom Penh
PHNOM PENH: Fisheries Administration and FAO launch the Inception Workshop on Micro and Small Enterprise Development to Achieve Food Security, Food Safety and Self Reliance for Urban Poor in Phnom Penh, citing that it will help local community. At the workshop, H.E. Kao Sochivy, deputy director general of fisheries department said: “urban food security project ...
Passport fee latest wrinkle in factory workers’ Thai plight
A rights group has raised concerns that up to 100 Cambodian migrant workers at a Thai seafood processing factory will be stranded abroad in less than a week without any income because they cannot afford to pay a passport fee demanded by their employer. Of the ...
Police Buildup Continues as Families Face Eviction in Mondolkiri
An additional 200 armed police officers have moved into a village in Mondolkiri province where families locked in a land dispute with a Vietnamese-owned rubber plantation have been given until Friday to clear out, police and villagers said yesterday. Police had already moved about 100 officers ...
Radio Ban Sparks Debate of Media Freedom in Cambodia
While observers yesterday accused the government of censorship for ordering radio stations not to transmit international broadcasters over the election weekend, a government spokesman defended the move. On Sunday, a Ministry of Information official said the ministry had ordered local F.M. stations not to transmit Voice ...
Police Search for Counterfeit Riel Notes in Prey Veng
Police in Prey Veng’s Peamro district are searching for a rice trader who paid a traditional healer with counterfeit money, and suspect that more of the fake bills could enter circulation. Neak Loeung commune police chief Chhin Sophal said the unnamed woman had paid 45,000 ...
National Rail Project Heralded by Eviction Notices in Poipet
Poipet City authorities have given dozens of families living along a section of railway slated for renovation 10 days to move or face forcible eviction. Poipet City Deputy Governor An Vanak said that the eviction notice was sent Monday to about 40 families, only eight of ...
City Hall May Cut Airport Expansion Project in Half
The 30,000-square-meter expansion of Phnom Penh International Airport may be halved, saving some of the 262 families living on adjacent land from eviction, a government official said yesterday. Despite the possible change in plans, a majority of families could still face eviction because they live ...
Korean tourists fuel demand for dog meat in Cambodia
Riding a motorcycle with a cage, Pov Nat scours rural areas for dogs. He pays between 30,000 ($7.38) and 80,000 riel a head and sells the animals to a butcher in Siem Reap. The 21-year-old native of Kampong Cham province began buying dogs after coming to ...
http://view.koreaherald.com/kh/view.php?ud=20120826000233&cpv=0
TV5MONDE extends presence in Mongolia and Cambodia
French-language network TV5MONDE has renewed its carriage agreement with Mongolian power player Sansar Cable LLC. The channel will also be available in Cambodia in all of pay-TV newcomer OneTV’s packages Via Cambodia’s OneTV, TV5MONDE will be available to an estimated 70% of Cambodia’s population, or 8.3 ...
http://www.onscreenasia.com/article/tv5monde-extends-presence-in-mongolia-and-cambodia/10690
Tiger Airway's 1st Flight Lands in Phnom Penh
Tiger Airways inaugural flight from Singapore to Cambodia touched down at Phnom Penh International Airport yesterday morning, making the low-cost carrier the 21st airline to offer daily flights to the capital. Mao Havanall, secretary of state at the State Secretariat of Civil Aviation, said yesterday ...
Trade Reached $11.17B In First Ten Months
Total trade in Cambodia reached $11.17 billion from January through October, an 18.1 percent increase compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Khon Savuth, chief of statistics at the ministry’s Camcontrol department said that the ...
Government Revenues Up 27 Percent in First Nine Months
The government collected more than $1.4 billion in revenues during the first nine months of the year, a 27 percent increase over the same period last year, figures released Thursday by the Ministry of Economy and Finance show. According to the Table of Government Financial Operations ...
http://www.cambodiadaily.com/business/government-revenues-up-27-percent-in-first-nine-months-6508/
Cargos via Cambodia's city port up 17% in 2012
Cargos entering and leaving through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 17 percent in 2012 thanks to increasing import and export activities, a senior port official said Thursday. The state-owned port had received 95,333 twenty-foot-equivalent units, or standard-sized containers (TEUs) last year, ...
http://news.xinhuanet.com/english/business/2013-01/03/c_132077675.htm
Cambodia, UAE set to boost cooperation in economics, tourism
Cambodia and the United Arab Emirates (UAE) are in talks to promote bilateral cooperation in trade, investment and tourism on Wednesday. In the meeting, both sides discussed a Memorandum of Understanding (MoU) on aviation in order to enable UAE airlines to operate direct flights from ...
http://news.xinhuanet.com/english/world/2013-01/23/c_132123114.htm
Few S'pore-owned businesses in Cambodia: business owners
PHNOM PENH: There are about a hundred Singapore-owned businesses in Cambodia, mainly located in the capital, Phnom Penh. Many, who set up shop there, feel the numbers have stayed low because there is a perception that the country is not safe. In 2011, Singapore invested close ...
http://www.channelnewsasia.com/stories/economicnews/view/1254251/1/.html
Cambodia's economy grows by 7.3% in 2012: PM
Cambodia achieved a GDP growth rate of 7.3 percent last year, Prime Minister Hun Sen said Wednesday, forecasting that the growth would be higher than 7 percent this year. Addressing a conference on 2013 Cambodia Outlook, he said the growth last year came from strong growth ...
http://news.xinhuanet.com/english/business/2013-02/20/c_132180432.htm