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Cambodia expects 7 pct GDP growth in 2012: Finance Minister

Cambodia’s Finance Minister Keat Chhon said Monday that the country’s Gross Domestic Product (GDP) growth is expected at 7% this year. Cambodia’s forecast was based on the increases in garments exports, tourist arrivals, and agriculture as well as a gradually recovered real estate sector, the ...

http://news.xinhuanet.com/english/business/2012-03/12/c_131462003.htm

60,000 Evicted in 2011 Alone; Majority From Phnom Penh

Nearly 60,000 people were forcibly evicted from their homes last year alone, often being moved to inadequate relocation sites where they face unemployment and rising debt levels, according to a report by rights group Adhoc released yesterday. A total of 59,904 people from 127 communities were ...

Supreme Court Wants $200K Cash Deposit in Renakse Case

The Supreme Court has requested that the owner of Phnom Penh’s shuttered Renakse Hotel deposit $200,000 with the court as proof that it is able to pay compensation to the hotel’s former manager, a lawyer said yesterday. In 2008, the ruling CPP sold the French colonial-era ...

Net Profits at Acleda Bank Increased by 86% in 2011

Net profits at Acleda Bank increased by 86% to $49.4 million in 2011 as the company grew both its deposits and loan portfolio. In a statement released on Friday, Acleda said that loans grew by 35.4 percent to $989.4 million, while deposits at the bank ...

Maybank Cambodia aims to be in top 5 by 2015

Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...

http://www.thesundaily.my/news/340539

Gov’t Launches Body in Effort to Up Rice Exports

The Ministry of Commerce is setting up a National Confederation for Rice Exporters to achieve Prime Minister Hun Sen’s target of exporting 1 million tons of milled rice by 2015. ...

Two Arrested, Three Detained For Maid’s Death in Malaysia

Two Malaysian employers of a Cambodian maid were arrested and three others detained this week in Malaysia in connection with the woman’s death, Malaysian police officers said yesterday. Assistant police superintendent Suriman bin Shahrim, said Mey Sichan, 24, was discovered dead on Sunday, and her Malaysian ...

More national roads included in free New Year bus service

Prime Minister Hun Sen announced yesterday that Cambodian people could ride public buses for free to their hometowns over the Khmer New Year along five national roads instead of only two as initially announced on Sunday. ...

Mom Kunthear
http://www.khmertimeskh.com/50299277/more-national-roads-included-in-free-new-year-bus-service/

Authorities in Oddar Meanchey on the hunt for wild elephant

Cambodian authorities are monitoring a rogue wild elephant following a day in pursuit of the pachyderm after she trampled a number of villagers’ farmland. The female elephant was spotted on Sunday morning in Oddar Meanchey’s Dangrek Mountains – a rare sighting, according to Banteay Ampil ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/authorities-oddar-meanchey-hunt-wild-elephant

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