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Cambodia’s Economic Challenge

Even as the skyline of Phnom Penh grows with the symbols of modern architecture, Cambodia’s economy still faces a host of challenges. On the surface, Cambodia’s economy is certainly improving. In September, the IMF raised its 2012 GDP growth forecast from 6.3 to 6.5 percent ...

http://thediplomat.com/2013/01/03/cambodias-failed-trickle-down-economy/

Two Held For Razing Huts In Land Dispute

Ratanakkiri provincial police on Monday arrested the chief of staff of a Vietnamese rubber concessionaire and his Cambodian translator who are believed to have burned down more than $5,000 worth of property related to a land dispute in O’Chum district, police said. Meas Pov Bora, chief ...

http://www.phnompenhpost.com/2013051565632/National/two-held-for-razing-huts-in-land-dispute.html

Open Development Cambodia publishes a new dataset on "ASTER global digital elevation model (ASTER GDEM)​ in Cambodia"

Open Development Cambodia (ODC) publishes a new dataset on “ASTER global digital elevation model (ASTER GDEM)​ in Cambodia”. This dataset of ASTER global Digital Elevation Model (ASTER GDEM) places great emphasis on topographic information of the global terrain. As the ASTER was created with global ...

ANZ launches human rights grievance mechanism in a first for the global banking sector

On 03 November 2021, the Equitable Cambodia issued a press release on ANZ launches human rights grievance mechanism in a first for the global banking sector.Australia’s ANZ Bank launched a Grievance Mechanism Framework to evaluate and respond to human rights related complaints associated with its ...

Equitable Cambodia

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The middle path: PM reiterates Cambodia’s neutrality in global conflicts

Prime Minister Hun Manet said that Cambodia will continue to adhere to its principle of neutrality as a member of the Non-Aligned Movement and will not take sides in any conflict. ...

Khmer Times Staff
https://www.khmertimeskh.com/1365598/the-middle-path-pm-reiterates-cambodias-neutrality-in-global-conflicts/

Global economy will slow for a third straight year in 2024, World Bank predicts

That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be down from 2.6% growth in 2023, 3% in 2022 and a galloping 6.2% in 2021, which reflected the robust recovery ...

Kiripost staff writers
https://kiripost.com/stories/global-economy-will-slow-for-a-third-straight-year-in-2024-world-bank-predicts

Gold sees price surge amid global uncertainty, becomes “safe asset”

Over the past two to three years, the price of gold on the international market has steadily risen, driving up prices in Cambodia, even as the country exports refined gold to global markets. ...

Hin Pisei
https://www.phnompenhpost.com/business/gold-sees-price-surge-amid-global-uncertainty-becomes-safe-asset-

Garment industry stokes Cambodia’s political growth

Under dazzling white strip-lights, a production line of young Cambodians stitch, iron and fold their way to the day’s target of 820 two-piece children’s pajamas. These garments are destined for the shelves of Los Angeles, shop price $9.97. The workers, mostly women, start at 7:30 ...

http://www.winnipegfreepress.com/opinion/westview/Garment-industry-stokes-Cambodias-political-growth-171990021.html

Finnish fund invests $10M into Sathapana

The local Sathapana Bank Plc has received $10 million from OP Finnfund Global Impact Fund I, the first Global emerging markets impact fund in Finland, allowing the bank to expand its loan portfolio to small- and medium-sized enterprises (SME), and especially female entrepreneurs. ...

May Kunmakara
https://www.phnompenhpost.com/business/finnish-fund-invests-10m-sathapana

Migrant workers in Thailand told not to leave amid global COVID-19 fears

The Cambodian Embassy in Thailand has asked its migrant workers and students in the country not to leave for home during the upcoming Khmer New Year as COVID-19 fears mount. ...

Sun Mesa
https://www.khmertimeskh.com/50702752/migrant-workers-in-thailand-told-not-to-leave-amid-global-covid-19-fears/

Cambodia urges global solidarity, not finger-pointing, politicisation of COVID-19

Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn has called for international solidarity against COVID-19, not finger-pointing and politicization, according to a foreign ministry’s press statement on Saturday. ...

Khmer Times Staff
https://www.khmertimeskh.com/50910939/cambodia-urges-global-solidarity-not-finger-pointing-politicisation-of-covid-19/

Hun Sen: Only international cooperation and solidarity can effectively address global environmental challenges

Samdech Hun Sen, President of the Cambodian People’s Party (CPP) and Prime Minister of the Kingdom of Cambodia, has stressed the significance of international cooperation and solidarity in effectively tackling global environmental challenges. ...

Khmer Times Staff
https://www.khmertimeskh.com/501164394/hun-sen-only-international-cooperation-and-solidarity-can-effectively-address-global-environmental-challenges/

Cambodia to Miss 2013 Copyright Deadline

Cambodia will not meet the World Trade Organization’s (WTO) deadline to enforce copyright laws by 2013 and will likely ask for an extension, an official at the Ministry of Commerce said yesterday. The deadline was already extended once by the WTO in 2005 after it ...

Renewed US Interest in Region Puts Cambodia in Tough Spot, Analysts Say

The US “pivot to Asia,” which will be punctuated next week with the Cambodian visit of US President Barack Obama, will likely put Cambodia in a tough spot in the region, caught between the renewed focus of the United States and the increased influence of ...

http://www.voacambodia.com/content/renewed--us-interest-in-region-puts-cambodia-in-tough-spot-analysts-say/1546896.html

Robust Recovery Continues

Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International ...

http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html

Rubber producers expect price rebound

Cambodian rubber producers expect global prices will recover this year after the four leading-rubber producing countries agreed to cut their supply to the global market over the next six months to boost prices. ...

May Kunmakara
http://www.khmertimeskh.com/news/22065/rubber-producers-expect-price-rebound/

Rubber prices sag under pressure

The slowdown of regional and global economies, especially in China, US dollar appreciation, unfavourable weather and global stock market speculation have plunged rubber prices, the Association for Rubber Development in Cambodia said.   ...

Sok Chan
http://www.khmertimeskh.com/news/38599/rubber-prices-sag-under-pressure/

Cambodia stuck on money laundering blacklist

Cambodia has been listed as the highest-risk nation in ASEAN, and ranks sixth globally, for its susceptibility to money laundering and terrorism financing in a recently released global index that charts the vulnerability of 149 nations. ...

Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-stuck-money-laundering-blacklist

Phnom Penh Authority decides to run public buses

Phnom Penh City Hall decides to run public buses by itself after Chinese-owned Global withdrew​ itself due to internal issues. Long Dimanche, spokesman for the City Hall, said that the Global withdrew itslef from the public bus service project after two-month trial from February 5th to ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=MTg1OGY1OGUzZjl

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