After hiatus, World Bank OKs proposal for new funding
Officials at the World Bank, which in 2011 froze new loans to Cambodia amid a furore surrounding the Boeung Kak lake evictions, have approved preliminary proposals to issue funding for a project that could see families forcibly removed in Kampong Thom province. Under the World Bank’s ss='cambodia-color'>...
Daniel Pye and Mom Kunthear
http://phnompenhpost.com/national/after-hiatus-world-bank-oks-proposal-new-funding
A lending alternative to MFIs
Oxfam said it will expand its savings-led community-lending model in Cambodia as an alternative to traditional credit-based microfinance services, which it says are ineffective in reaching the Kingdom’s poorest. Oxfam’s saving for Change project, which trains rural communities to form savings groups, now has $5 million ss='cambodia-color'>...
Charles Rollet
http://www.phnompenhpost.com/business/lending-alternative-mfis
Gov't audit shows Vietnam Rubber Group missing millions
Contentious plantation giant Vietnam Rubber Group reportedly “lost” nearly $391 million of state funds over five years, including $22.75 million from a rubber plantation in Cambodia, an official investigation into the firm’s dealings has found, according to Vietnamese media. Hanoi’s anti-corruption body, the General Inspectorate, last ss='cambodia-color'>...
Daniel Pye and May Titthara
http://phnompenhpost.com/national/govt-audit-shows-vietnam-rubber-group-missing-millions
Police deport 7 Montagnards from Ratanakkiri to Vietnam
As 14 Montagnard asylum seekers continue to evade authorities in the forests of Ratanakkiri province, an official said sunday that police deported seven “Vietnamese Jarai” from the northeastern province on saturday. Ratanakkiri provincial police chief Nguon Koeun said border police arrested the seven on saturday in ss='cambodia-color'>...
Aun Pheap
https://www.cambodiadaily.com/news/police-deport-7-montagnards-from-ratanakkiri-to-vietnam-76656/
Timber trader Try Pheap linked to logging racket
In a new report, U.K. environmental rights group Global Witness places Cambodian timber magnate Try Pheap at the heart of a vast illegal logging operation driving the country’s rarest tree species to the brink of extinction with the collusion of government and military officials. “The Cost ss='cambodia-color'>...
Zsombor Peter
https://www.cambodiadaily.com/news/timber-trader-try-pheap-linked-to-vast-logging-racket-77466/
MEF strengthens property data to analyse the development sector
“I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun sokha, secretary of state for the Ministry of Economy and Finance, ss='cambodia-color'>...
Phnom Penh Post News Staff
http://www.phnompenhpost.com/real-estate/mef-strengthens-property-data-analyse-development-sector
Kingdom casts it export net wider to mitigate exit of major US and EU markets
Due to COVID-19’s devastating economic effect causing the collapse of Cambodia’s two major export markets, the United states and the European Union, representing about 75 percent of total market share, is forcing a refocus on expanding the Kingdom’s highly concentrated export market. ss='cambodia-color'>...
Harrison White
https://www.khmertimeskh.com/50712402/kingdom-casts-it-export-net-wider-to-mitigate-exit-of-major-us-and-eu-markets/
Hun Sen aims to attract more Japanese money
Japan’s sumi Wiring systems Co Ltd launched production of automobile wiring this month, a company official said yesterday. Japanese companies such as sumi and Minebea, a ball-bearings maker, have helped Cambodia’s manufacturing industry diversify away from garments, the country’s main manufacturing product and export, and Prime Minister Hun sen ss='cambodia-color'>...
Officials worry over tiny rise in rice exports
Cambodian milled rice exports grew by only 0.52 per cent in the first 10 months of the year, compared to the same period last year, according to new figures from the government. Officials have expressed concern over Cambodia’s ability to reach its export target of ss='cambodia-color'>...
ASEAN affected by slowdown
The IMF World Economic Outlook (WEO) forecasts that uncertainty surrounding growth in advanced economies will slightly affect the growth of some AsEAN nations, particularly low-income countries such as Cambodia. A senior IMF official told reporters on the sidelines of the fund’s annual meeting yesterday that some AsEAN economies relying heavily ss='cambodia-color'>...
US lawmakers urge new administration to ensure fair elections
Two pro-CNRP U.S. lawmakerS called on newly confirmed U.S. Secretary of State Rex TillerSon to take a hard-line Stance with the Cambodian government ahead of upcoming electionS, in a letter Signed on ThurSday.Alan Lowenthal, a Democrat repreSenting Long Beach, California, home to the largeSt Cambodian SS='cambodia-color'>...
Ben Paviour
https://www.cambodiadaily.com/news/us-lawmakers-urge-new-administration-to-ensure-fair-elections-125004/
Cambodian garment workers, bloodied in crackdown, continue wage struggle
Just over a month after a brutal police crackdown on striking Cambodian garment workers left at least five people dead, the country’s unions are calling for another strike in March, increasing the likelihood of further violence. At issue is the still-unresolved question of the workers’ minimum monthly wage. Roughly 700,000 ss='cambodia-color'>...
Christina Larson
http://www.businessweek.com/articles/2014-02-20/cambodian-garment-workers-bloodied-in-crackdown-continue-wage-struggle
Cambodia to host international gathering on mines, ERWs
A representative of the Ottawa Convention expressed his organisation’s strong commitment and support for Cambodia’s vision and efforts in demining, starting with assisting the Kingdom’s hosting of an international mine victim conference for the first time. ss='cambodia-color'>...
Taing Rinith
https://www.khmertimeskh.com/501350604/cambodia-to-host-international-gathering-on-mines-erws/
Cambodia to integrate wind power into national grid by 2026
Wind power is set to be connected to Cambodia’s national grid by 2026, adding a new clean energy source to diversify and strengthen the country’s energy supply, supporting the government’s goal of making electricity more affordable and sustainable, according to the Ministry of Mines and ss='cambodia-color'>...
Hin Pisei
https://www.phnompenhpost.com/national/cambodia-to-integrate-wind-power-into-national-grid-by-2026
With Just One Party Present, King Convenes New Parliament
King Norodom Sihamoni preSided over a nearly half-empty opening SeSSion of the National ASSembly on Monday aS all 55 elected lawmakerS of the oppoSition CNRP followed through with their threat to boycott parliament to proteSt diSputed reSultS of July&rSquo;S national election. AnalyStS and election monitorS SS='cambodia-color'>...
Zsombor Peter and Hul Reaksmey
http://www.cambodiadaily.com/elections/with-just-one-party-present-king-convenes-new-parliament-43033/
Illegal wood exports to China tripled in 2013
Cambodia’s exports of protected rosewood and other high-value timber to China more than tripled last year, according to U.N. figures cited in a new report that blames lax law enforcement across the Mekong region and skyrocketing demand in China for pushing some species to the ss='cambodia-color'>...
Zsombor Peter
http://www.cambodiadaily.com/news/illegal-wood-exports-to-china-tripled-in-2013-58593/
More Money For Meat
Meat prices on Phnom Penh’s markets have seen large gains over the first half of the year, according to figures from the Ministry of Commerce’s Trade Promotion Department. Economics Institute of Cambodia senior Researcher Neou sieha said yesterday that meat prices had seen significant increase ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2011070450154/Business/more-money-for-meat.html
Renewable energy to power Takeo milling plant
A Japan energy company yesterday said it planned to build a rice mill fuelled by rice husks in Cambodia’s Takeo province. New Energy and Industrial Technology Development Organization yesterday signed a memorandum of understanding with the Kingdom’s Ministry of Industry, Mines and Energy (MIME) confirming cooperation ss='cambodia-color'>...
Builders in protest over ‘owed’ $7K
Dozns of construction workers in Oddar Meanchey province’s Trapaing Prasat district protested on Wednesday, demanding more than $7,000 in wages their company owed them. The more than 30 workers were employed to construct a building at a sugarcane factory owned by Oknha Vinh Hour in ss='cambodia-color'>...
Soth Koemsoeun
https://www.phnompenhpost.com/national/builders-protest-over-owed-7k
Gov’t launches revenue strategy
The government launched the Revenue Mobilisation strategy 2019-2023 on Thursday. The 77-page book details key strategies such as modernisation of the General Department of Taxation’s (GDT) fiscal revenue system in response to the increasing demand for service quality, social equity guarantee and sustainability of revenue ss='cambodia-color'>...
Thou Vireak
https://www.phnompenhpost.com/business/govt-launches-revenue-strategy