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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

11th World Huang clan convention held in Cambodia

About 3,000 Chinese in Huang clan from around the globe gathered here Wednesday to bridge closer ties among Huang families and to visit Cambodia’s attractive tourism destinations. Speaking at the opening of the 11th World Huang Clan Convention 2nd Session, Cambodian Minister of Commerce Cham Prasidh, ...

http://news.xinhuanet.com/english/culture/2012-12/05/c_132021075.htm

Locally Created Video Game Tops Apple's Downloads in Cambodia

A group of 12 Cambodians has developed a new video game for the iPhone that just two weeks after its release has become Cambodia’s most-downloaded game in Apple Inc.’s online store. Since it was released on November 30, “Asva the Monkey” has had more than 3,000 ...

http://www.cambodiadaily.com/news/locally-created-video-game-tops-apples-downloads-in-cambodia-6761/

Cambodia's inflation increases by 1.6 pct in November

Cambodia’s inflation rate had increased by 1.6 percent in November 2012 if compared with November 2011 due to moderate increases in food and petroleum prices, according to the latest statistics of the National Institute of Statistics (NIS) on Tuesday. The statistics said the total consumer price ...

http://news.xinhuanet.com/english/business/2013-01/01/c_132075617.htm

Britain life insurer Prudential officially launches operations in Cambodia

The U.K.-based life insurer, Prudential Plc, on Wednesday announced the commencement of its life insurance operations in Cambodia, according to the firm’s press release. Alongside the launch of its business operations, Prudential Cambodia and Acleda Bank, the largest commercial bank in Cambodia, also announced the establishment ...

http://news.xinhuanet.com/english/business/2013-01/09/c_132091413.htm

Siem Reap Hotel Dispute Has No End in Sight

A prolonged court case between two French investors in Siem Reap’s landmark Victoria Angkor hotel is at a standstill after auditors ordered by the Supreme Court to examine the hotel’s finances were denied access to the books this week. In a dispute that goes back to ...

http://www.cambodiadaily.com/business/investment-dispute-over-luxury-hotel-drags-on-7903/

Cambodia's insurance industry grows by 21 pct in 2012

Cambodia’s insurance industry earned a total premium of $36 million last year, a 21 percent rise year-on-year, according to the industry’s report on Monday. The main sectors of the premium are from fire insurance of 28 percent, motor insurance of 19 percent, personal accident insurance of ...

http://www.globaltimes.cn/content/762259.shtml

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