Cambodian PM: Poverty reduction target may hit 2 years earlier
Cambodia is expected to achieve the Millennium Development Goal (MDG) in poverty reduction two years earlier than the UN-imposed target, Prime Minister Hun Sen said Friday. According to the UN MDG, Cambodia is set the target to reduce poverty rate to 19.4 percent by 2015, meaning ...
http://news.xinhuanet.com/english/world/2012-09/21/c_131865877.htm
Cambodia's Tourism Slows
Cambodia’s Statistics and Tourist Information Department, Ministry of Tourism, reported arrivals increased 15.7% in September, the lowest growth rate so far for this year based on 242,747 visits during the month. The percentage increase for the nine-month period was pulled down from 24.5% at ...
http://www.ttrweekly.com/site/2012/11/cambodias-tourism-slows/
Joint visa for Thailand and Cambodia in limbo
Despite the fact that the Chairman’s Statement of the recently wrapped 21st ASEAN Summit welcomed progress on regional “connectivity”, a long-awaited joint visa for Thailand and Cambodia remains stalled. Koy Kuong, spokesman at the Ministry of Foreign Affairs said yesterday that there is still no progress ...
Hun Sen Announces New Tax on Agricultural Land
Prime Minister Hun Sen yesterday announced that the government would begin levying a tax on agricultural land transfers that are valued at more than $25,000. “The government has decide to tax 4 percent on land that cost more than 100 million riel [about $25,000],” Mr. ...
FDI to grow small businesses in Cambodia
The recent growth of foreign direct investment (FDI) into the Kingdom will be a good opportunity to develop small- and medium- sized businesses, an official said yesterday. According to Hang Chuon Naron, deputy director of the National Economic Supreme Council and secretary of state at the ...
http://www.phnompenhpost.com/2013012260903/Business/fdi-to-grow-small-businesses-in-cambodia.html
Cambodia’s trade with US reaches US$1.39-B in 1-H, + 4.5%
Cambodia’s trade with US reaches US$1.39-B in 1-H, + 4.5% Bi-lateral trade volume between Cambodia and the United States had jumped to US$1.39-B in 1-H of this year, a 4.5% rise compared with US$1.33-B at the same period last year, according to the statistics of the ...
http://www.livetradingnews.com/cambodias-trade-with-us-reaches-us1-39-b-in-1-h-4-5-83222.htm
EU warns 8 nations to improve their fight against illegal fishing
he European Union is warning eight nations from around the world to improve their fight against illegal fishing or risk sanctions. EU Fisheries Commissioner Maria Damanaki said Thursday that naming Belize, Cambodia, Fiji, Guinea, Panama, Sri Lanka, Togo and Vanuatu did not mean they were put ...
Vietnam, Laos, Cambodia develop trade, tourism
The seventh investment–trade–tourism promotion conference for the Cambodia–Laos–Vietnam development triangle took place in the Central Highlands province of Kon Tum on December 5. The event attracted the participation of representatives from over 400 domestic and foreign businesses. Vietnam is investing in 50 projects worth close to ...
Bavet town shooting victims summonsed again
For the second time, court officials want to question three female workers who say they were shot and wounded by former Bavet town governor Chhouk Bandith at a labour protest earlier this year. The second summons, which has outraged the women, stems from a complaint that ...
Koh Pich hopes gem fair shines
The five-day Cambodia Gems & Jewelry Fair (CGJF) will kick off on June 14 at the Diamond Island (Koh Pich) Exhibition Centre and will be hosted by the Cambodian Ministry of Commerce in association with Hong Kong’s World Trade Fair Ltd. the CGJF has attracted companies ...
CCU threatens capital march
Cambodian Confederation of Unions president Rong Chhun threatened yesterday to lead a march of more than 3,000 striking garment workers from Kandal province to the capital on Thursday if their employer refuses to meet their demands. “[Workers] have already made commitments with me to march to ...
http://www.phnompenhpost.com/index.php/2012070357166/National-news/ccu-threatens-march.html
Tai Yang garment strikers sacked
Garment employees who have refused to return to work after striking for three weeks no longer have jobs at Tai Yang Enterprise, which supplies Levi’s and Gap, management said yesterday. Tired of strikes the company claims are costing it US$10,000 per day, administrative manager Ou Meng ...
http://www.phnompenhpost.com/index.php/2012071657439/National-news/tai-yang-strikers-sacked.html
Construction Revival Behind Import Growth
A 22.8 percent increase in the value of imports to Cambodia this year is partly due to a high demand for construction materials, a Commerce Ministry official said yesterday. In the first 11 months of 2012, total trade in and out of Cambodia reached $12.31 billion, ...
Thai envoy vows to deepen ties with Cambodia in all fields
Newly-designated Thai ambassador to Cambodia Touchayoot Pakdi pledged on Wednesday to strengthen and deepen bilateral ties and cooperation with Cambodia in all fields for both sides’ mutual benefits. Speaking at a meeting with Cambodian deputy Prime Minister and Foreign Minister Hor Namhong, the ambassador asserted that ...
http://news.xinhuanet.com/english/world/2013-01/02/c_132076641.htm
World Bank revises 2013 growth figures
The World Bank has revised its growth prediction for Cambodia upwards to 7 per cent for 2013, from its January prediction of 6.7 per cent, a revision it attributes to the performance of the Kingdom’s agriculture, tourism and garment sectors. Cambodia’s outlook is generally positive, according ...
http://www.phnompenhpost.com/2013042965287/Business/world-bank-revises-2013-growth-figures.html
New Siem Reap health centre to be a boon for mothers, babies
With the promise of better care for both mother and baby during labour, the Maternal Child Medical Centre was inaugurated yesterday at the Siem Reap Provincial Hospital. The inauguration was presided over by Deputy Prime Minister Tea Banh, who said the centre was the first of ...
Boeung Kak activist to seek bail
A bail hearing for imprisoned Boeung Kak lake land activist Yorm Bopha, 29, will be held this morning at the Supreme Court, her husband, Lous Sakhorn, said yesterday. Bopha was arrested on September 4 last year and charged with intentional violence over the assault ...
http://www.phnompenhpost.com/2013032764717/National/boeung-kak-activist-to-seek-bail.html
Maybank IB eyes Cambodia, Laos capital markets
Maybank Investment Bank Bhd (Maybank IB) plans to leverage on its parent, Malayan Banking group’s presence in Cambodia, Laos to penetrate their capital markets there. Maybank IB chief executive officer Tengku Datuk Zafrul Abdul Aziz said on Monday he was looking at organic growth for the ...
Ng Bei Shan
http://www.thestar.com.my/Business/Business-News/2013/08/26/Maybank-IB-eyes-Cambodia-Laos-capital-markets.aspx
Cambodia, Vietnam to complete overland border demarcation by 2015
Vietnamese Deputy Prime Minister Nguyen Thien Nhan said Tuesday that the country will expedite overland boundary demarcation with Cambodia and expects to fully complete the process by 2015. Speaking at a meeting with Cambodian Parliament Chief Heng Samrin, Nhan said that so far, the two countries ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-12/03/c_132938712.htm
CAMBODIA: Better Factories programme renewed
The Better Factories Cambodia programme has been renewed after a new, three-year Memorandum of Understanding (MOU) was agreed. The new agreement, aimed at furthering the initiative’s mission to improve working conditions in Cambodian garment factories, was signed by the International Labour Organization (ILO), the Cambodian Ministry ...
Richard Woodard
http://www.just-style.com/news/better-factories-programme-renewed_id120127.aspx