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Bank Predicts 6.8% Economic Growth in 2012

The Asian Development Bank (ADB) has released figures which show they believe that the Cambodian economy will grow between 6.8 and 7 percent in 2013 and 6.8 percent in 2012. Their reporting sites the growth in the Cambodian garment industry as a major factor. The ...

Central Bank In Talks to Up Reserve Rate

The National Bank of Cambodia (NBC) is thinking of raising the reserve required for banking deposits. The aim is to slow inflation and lessen the chance of an economic meltdown. The NBC is considering raising the rate after inflation reached 6.5 percent in May compared ...

Premier Approves Four More Land Concessions in Mondolkiri

Prime Minister Hun Sen has granted for more land concessions in Mondolkiri province. The concessions total more than 38,057 hectares. Pacific Lotus Joint stock received 9,014 hectares; Pacific Pearl Joint Stock received 9.614 hectares; Pacific Grand Joint Stock received 9,656 hectares and Pacific Pride Joint ...

Villagers Struggle in Face of Chinese Tourism Project

Villagers along the Koh Kong province’s coastline have been relocated by a Chinese development company as they have not been granted access to their farm land which falls within the development area and are running short of food. 20 tons of rice have been delivered ...

Bus Company’s Partner Involved in Similar Crash

Kampuchea Angkor Express and Virak Buntham Express Travel, two bus companies that share a fleet of busses and operate services running between Siem Reap, Cambodia and Ho Chi Minh City, Vietnam have both been involved in bus crashes recently. A number of passengers were injured ...

Villagers Face Hefty Court Fees in Land Dispute

Kompong Chhnang Provincial Court has ordered 40 families embroiled in a long-running land dispute with the wife of Minister of industry Suy Sem to pay court fees of up to $155 each, or have their complaints dropped. The villagers, however, say they are too poor ...

Land Titles Needed to Drive Investment in Agriculture

The issue of using land titles to encourage banks to boost their lending to the agriculture sector was raised at the “Empower Your Business: Riding on Cambodia’s Growth” seminar in Phnom Penh on July 21. “Seventy percent of the population is undertaking agriculture as their ...

http://www.etmcambodia.com/

Kampot Seeks to Rise Pepper Production in 2012

After the harvesting of peppers from Jan 1 to May 31 this year, farmers in Kampot province were able to harvest 16 tons and the hope is to increase production to 20 tons in 2012. Nguon Lay, the head of Kampot pepper community, said on ...

Exports Increase 45.9% in First Six Months

Cambodian exports increased 45.9 percent to $2.15 billion in the first six months of the year compared to the same period in 2010, according to figures released by the Ministry of Commerce yesterday. Of the total value of exports, 80 percent, or $1.74 billion, were ...

http://www.camnet.com.kh/cambodia.daily/

Two Mass Faintings in Three Days at Factory

Almost 200 workers received medical treatment yesterday following yet another mass fainting at the M&V international Manufacturing Ltd garment factory in Kompong Chhnang province. The international Labor Organization said that the factory was a supplier to the Swedish clothing brand H&M and that it was ...

Phok Dorn, P. 31
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Eight workers lost in deluge at dam site

Eight workers at the Stung Tatay hydro project, in Koh Kong province, are presumed dead after being swept away by floodwaters on Sunday. Seven of the men drowned while trying to rescue a colleague who had fainted after floodwaters swept over a bridge, stranding him at ...

http://www.phnompenhpost.com/index.php/2011091551659/National-news/eight-workers-lost-in-deluge-at-dam-site.html

Rural Roads to be Rebuilt in Seven Provinces

Plans are in the works to rebuild 505.4 km of rural roads in seven provinces with support from the Asian Development Bank (ADB) and South Korea. The first phase of the repairing of the roads will begin in December 2011. The project to rebuild roads ...

http://www.etmcambodia.com/

Questioning begins in two Boeng Kak court cases

Phnom Penh Municipal Court has summoned two residents of the Boeng Kak lake community to appear for questioning today and Wednesday in a defamation lawsuit filed against them by City Hall, a court official said yesterday. The families of the accused have been left out of ...

In Malaysia, maid ban met with mixed feelings

Reactions in Malaysian media to Cambodia’s Oct 15 ban on sending maids to Malaysia contain a mix of shame, indignation and a need to stress that most employers in Malaysia do not mistreat foreign domestic workers. “There are very few bad apples among us,” said an ...

Tourist arrivals grow 15% in first nine months

Visitor arrivals to Cambodia saw a year-on-year increase of 15 percent in the first nine months of 2011, reaching more than 2 million people, according to new figures released by the Tourism Ministry yesterday. The figures showed that, from January to September, arrivals by air increased ...

Prey Lang protest puts foursome in firing line

A pair of Sandan district villagers who participated in last week’s Prey Lang forest protest against illegal logging, and two of the NGO workers who monitored them, were facing accusations of incitement and destruction of property in complaints filed against them in the provincial court, ...

http://www.phnompenhpost.com/index.php/2011111652786/National-news/prey-lang-protest-puts-foursome-in-firing-line.html

Cambodian rice output grows in 2011 despite floods

Cambodia’s total paddy rice output reached 8.4 million tonnes in 2011, up from 8.25 million tonnes last year, according an initial assessment by the Ministry of Agriculture, Forestry and Fisheries. Provincial MAFF officials from across the Kingdom met in Phnom Penh on Saturday, when data was ...

http://www.phnompenhpost.com/index.php/2011122653608/Business/cambodian-rice-output-grows-in-2011-despite-floods.html

Eviction clock ticks for families in Preah Vihear

More than 130 families in Preah Vihear province who continue to defy eviction orders will not receive any compensation if they do not leave their homes by Friday, the Choam Ksan district governor has warned. Choam Ksan district governor Sok Hai yesterday said police and military ...

http://www.phnompenhpost.com/index.php/2011122853651/National-news/eviction-clock-ticks-for-families-in-preah-vihear.html

Firms may invest in light rail, traffic lights

Japanese technology companies Toshiba Corp and Kyosan Electric have met with Phnom Penh Municipality to discuss investing in a light rail system and new traffic light network. According to an announcement on the municipality’s website yesterday, Kazutoshi Fukuda, managing director of Kyosan Electric, and Yasuyoshi Mugiya, ...

Oversupply leads to a fall in pork prices

Pig prices in Cambodia have fallen by 18 percent in the past three months due to a massive oversupply of pork in the country, an official at the Cambodian Pig Raisers Association said yesterday. The reason for the oversupply is twofold: Thailand increased its pig exports ...

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