Hun Sen rebukes World Bank
Prime Minister Hun Sen yesterday rebuked the World Bank for revising downward its outlook for gross domestic product growth in the Kingdom, claiming the bank’s projections could cause market panic. The premier also announced a new government projection of 6.4 per cent GDP growth this year, ...
http://www.phnompenhpost.com/index.php/2011112452947/Business/hun-sen-rebukes-world-bank.html
Agriculture to see lending growth
Some commercial banks could increase loans to the agricultural sector this year, according to industry insiders who cited improvements in the sector and a rise in crop prices. Cambodian farmers lack the capital needed for inputs such as seeds and fertiliser, while domestic rice millers often ...
http://www.phnompenhpost.com/index.php/2012012654151/Business/agriculture-to-see-lending-growth.html
Two dollar strike to continue
Angkor Beer promoters yesterday rejected an offer from the municipality that would have required them to suspend their strike while officials negotiated a solution for them, telling Phnom Penh’s deputy governor that their protest is legal and that their employer is breaking the law. More ...
Police Hear Borei Keila Evictees' Apartment Claims
Ten representatives from the Borei Keila community met with Phnom Penh police chief Touch Naruth yesterday to discuss whether their housing documents could qualify them for an apartment, a representative said yesterday. Chhum Ngan said Mr. Naruth asked representatives to furnish housing documents from 106 ...
Garment factories: Minimum wage raise scrutinised
The presidents of three unions have appealed to the Garment Manufacturing Association of Cambodia to improve the “miserable” living conditions of its workers by providing higher wages and better benefits, a letter received by the Post yesterday shows. The letter is dated March 2 and signed ...
Spate of abuses continues
Nearly two dozen fishermen were repatriated to the Kingdom yesterday after being trafficked aboard Thai fishing boats where they endured forced labour and rampant abuse. The 11 men bring to 30 the number of fishermen repatriated from Malaysia and Indonesia this year. They were visibly shaken ...
http://www.phnompenhpost.com/index.php/2012030954949/National-news/spate-of-abuses-continues.html
Australian Paper Alleges PM’s Nephew Linked To Crime Ring
Australian newspaper The Age alleged yesterday that Australian authorities have linked Hun To, a nephew of Prime Minister Hun Sen, to a crime syndicate involving heroin trafficking and money laundering. According to The Age report, Australian police were planning to arrest Mr. To in Melbourne but ...
China influence over Cambodia to be tested at SE Asia summit
China’s presence in the Cambodian capital Phnom Penh is obvious. The city skyline is dotted by Chinese-funded projects. But the full extent of Beijing’s influence here will be tested when President Hu Jintao visits this week ahead of a regional summit. The timing of Hu’s visit ...
http://www.reuters.com/article/2012/03/29/asean-china-idUSL2E8ER98X20120329?irpc=93
NGOs call for road safety to be included in nat’l examination
wo NGOs focused on Cambodian road safety have sent a letter to Minister of Education Hang Chuon Naron on Wednesday requesting that road safety be included in students’ learning objectives ahead of the beginning of the new school year on Friday. In their letter, the ...
Voun Dara
https://www.phnompenhpost.com/national/ngos-call-road-safety-be-included-natl-examination
Building homes for underserved communities
Despite recent announcements of large development projects throughout Cambodia focusing on so-called “affordable housing” for the emerging middle class, there remains a massive gap in the market for quality affordable housing for the poor; especially the urban poor as more rural Cambodians flock to cities ...
James Whitehead
http://www.phnompenhpost.com/real-estate/building-homes-underserved-communities
Patrols in Prey Long Forest Find Signs of Illegal Logging
Community patrols of Prey Long forest by local villagers over the last few days have uncovered at least 65 cubic meters of illicitly cut timber and three chainsaws believed to belong to the illegal loggers. Soem Sean, a member of the Prey Long People’s Network, dedicated ...
Commodities Prices a Risk, Bank Says
Despite offering an uplifting outlook for Cambodia’s economy this year, economists at the World Bank said yesterday that it could still succumb to volatile commodities prices, particularly food and gas. Speaking to journalists after the release the bank’s East Asia and Pacific Economic Update for 2012, ...
KR Banking Chief Says Institution Was Sham
On his first day of questioning at the Khmer Rouge tribunal yesterday, Sar Kim Lomouth, the deputy director of the State Bank of Democratic Kampuchea, described how the national financial institution was nothing but a charade during the Pol Pot regime. Currency had been abolished and financial transactions eliminated under ...
Cambodian-Flagged Vessel Delivers Missile Trucks to N Korea
A Cambodian-flagged cargo ship was used last year to deliver four missile-launching vehicles to North Korea in violation of a U.N. Security Council resolution that prohibits the sale of weapons to Pyongyang, according to media reports. The 84-meter long “Harmony Wish,” which flies a so-called Cambodian ...
As Cambodia Courts US Business, Old Problems Remain
As a delegation of US business owners prepares to travel to Cambodia with US Secretary of State Hillary Clinton, analysts say they will be tough to court, given Cambodia’s lack of law enforcement. “Investors don’t bring guns, they don’t bring bodyguards—they bring money to invest,” said ...
Cambodia’s Hydro Plans Carry Steep Costs
The Cambodian government has committed to the construction of five dams along the Mekong River in order to meet a huge demand for electricity, but environmental groups warn that severe repercussions loom for this strategy. “While each project proposed in Cambodia comes with a different set ...
http://www.thejakartaglobe.com/nvironment/cambodias-hydro-plans-carry-steep-costs/539293
Two Thousand More Students to Measure Land
Following a ceremony to honor late King Father Norodom Sihanouk on Phnom Penh’s Koh Pich, more than 2,000 additional student volunteers were deployed yesterday morning by the Ministry of Land Management to measure plots of land in 19 provinces, officials said. Mr. Chhun Lim [Land Management Minister] said that ...
Disgraced ambassador’s property is a hard sell
The seized property of fugitive former ambassador Nan Sy has so far failed to fetch bidders, denying state coffers some $400,000 embezzled by the disgraced official. The undeveloped 10 by 20 meter plot in Tuol Kork district was put up for auction last week in an effort to ...
Alliance to disburse $2 million to buy paddy rice, help exports
The Alliance of Rice Producers Exporters of Cambodia (ARPEC) will release US$2 million after December 15th to its members in nine provinces so they can buy paddy rice before the harvest season ends and stocks been depleted. He said the pay out is being drawn from ...
Mfone Employees Demand Unpaid Salaries
More than 100 former employees of the bankrupt mobile telephone company Mfone protested outside the firm’s shuttered offices in Phnom Penh yesterday, demanding that they receive salaries for working the month of February despite the company having already gone out of business. Mar Samoeun, 64, ...