Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Cambodian Opposition Lifts Conditions on Talks with Ruling Party
Cambodia’s opposition said Thursday it is prepared to hold talks with Prime Minister Hun Sen’s party without any preconditions in a fresh bid to end a political deadlock three months after disputed national elections. The move signaled a shift by the Cambodia National Rescue Party (CNRP), which days earlier had said it ...
Radio Free Asia News Staff
http://www.rfa.org/english/news/cambodia/talks-10312013180011.html
Cambodia hosts int'l vaccine, immunization meeting
The Global Alliance for Vaccine and Immunization (GAVI) Board meeting was held here on Thursday to decide which new vaccines will be added to the organization’s portfolio. The two-day meeting brought together 160 people who are representatives of donors and developing countries, civil society organizations, vaccine ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-11/21/c_132906783.htm
Open skies policy examined
Promising to dramatically open up the region’s airways, the planned Asean Single Aviation Market (ASAM) will bring with it fierce competition and price wars, experts said yesterday during a seminar on the subject at the Phnom Penh Hotel. The seminar brought representatives from the majority of ...
Eddie Morton
http://www.phnompenhpost.com/business/open-skies-policy-examined
NGOs say selling off old land concessions is premature
The government’s announcement on Wednesday that companies looking to start rubber plantations could skirt a moratorium on new economic land concessions (ELCs) by taking over existing, dormant ones continued to make a good impression on prospective investors in town Thursday. Ly Phalla, who heads the Agriculture ...
Zsombor Peter
http://www.cambodiadaily.com/archives/ngos-say-selling-off-old-land-concessions-is-premature-53677/
Govt wants word with VOA, RFA
The Ministry of Information and Council of Ministers has summoned representatives from US government-funded radio stations for an unprecedented meeting to discuss the stations’ content, goals and level of professionalism, government officials said yesterday. In a letter dated Monday and signed by Minister of Information Khieu Kanharith, Radio Free Asia (RFA) and Voice ...
National Bank of Cambodia looks at local yuan role
Bank of China is in negotiations with Cambodia’s central bank on the promotion of business transactions in Chinese yuan. The official talks reflect rapid trade growth between the two countries at a time when several commercial banks in Cambodia have launched yuan remittance and trade-settlement products. The ...
Kingdom seeks to boost foreign investment
Domestic stakeholders and economic experts are advocating for an enhanced investment climate to elevate Cambodia’s status and attract foreign direct investment (FDI) within ASEAN. Tan Monivann, vice-president of the Cambodia Chamber of Commerce (CCC), is currently attending the 43rd ASEAN Summit in Indonesia. He conveyed ...
Van Socheata
https://phnompenhpost.com/national/kingdom-seeks-boost-foreign-investment
NBC plans $50M Forex bids in effort to stabilise currency
The National Bank of Cambodia (NBC) has scheduled four foreign exchange auctions this September to infuse a total of $50 million into the market. The move comes at a critical time, with experts viewing it as a significant step towards stabilising the Cambodian riel against ...
Van Socheata
https://phnompenhpost.com/national/nbc-plans-50m-forex-bids-effort-stabilise-currency
Data Literacy Training: A training in September was successfully held for Civil Society Organizations
From September 13 to September 16, 2022, Open Development Cambodia (ODC) continued its ongoing promotion of Data Literacy for the Innovations in Social Accountability project (ISAC). Fourteen members of civil society organizations working on social accountability joined the training, which was held at Phnom Penh’s ...
PPWSA up 48 per cent on first day
By the time Deputy Prime Minister Keat Chhon closed the first session of the Cambodian Securities Exchange yesterday morning, shares in Phnom Penh Water Supply Authority, the Kingdom’s first domestically listed company, were just shy of soaring 50 per cent. Institutional and retail investors traded 487,110 ...
http://www.phnompenhpost.com/index.php/2012041955648/Business/ppwsa-up-48-per-cent-on-first-day.html
Move to lift energy efficiency in Cambodia
A national energy efficiency policy is currently in development, officials told the Post last week. Experts at the Ministry of Industry, Mines, and Energy (MIME) and the multi-donor fund EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) are in discussions about details of the policy, ...
http://www.phnompenhpost.com/2013022061465/Business/move-to-lift-energy-efficiency-in-cambodia.html
NGO Says Dispatch of Troops Against Protesters Unjustifiable
Soldiers should not have been deployed in support of a warrant to arrest land dispute protesters in Kratie province in May—an operation that led to the killing of a 14-year-old girl by armed forces, a Japanese human rights group said in a new report. The report ...
http://www.cambodiadaily.com/news/ngo-says-dispatch-of-troops-against-protesters-unjustifiable-4971/
Indirect trade with India unhealthy
CAMBODIA’S indirect trade and investments with India are possibly worth almost five times more than its direct economic activities, a situation deemed “unfavourable” to the country, an industry expert said yesterday. Direct trade and investments between the two countries hit a record $112 million last ...
http://www.phnompenhpost.com/2013031461933/Business/indirect-trade-with-india-unhealthy.html
Climate change to affect Mekong production
Climate change will have a significant effect on major industrial and food crops in the Lower Mekong basin countries of Cambodia, Laos, Thailand and Vietnam, says a new study. The study, conducted by the Mekong Adaptation and Resilience to Climate Change Project for the U.S. Agency ...
Asian garment industry to undergo further segmentation
The Asian garment manufacturing industry will undergo further segmentation in the next three to four years as competition becomes more intense, experts said. China, Thailand and Vietnam will mainly produce high-end clothing, while Bangladesh, Laos, Burma and Cambodia will mainly produce low-end clothing. Lu Qijian, ...
http://usa.chinadaily.com.cn/business/2013-07/15/content_16778408.htm
Housing development on Cambodian islands not the right time yet
Although currently there are a lot of development projects for resorts and guesthouses on various islands off Cambodia’s coast, experts say it is not the right time for such developments. Po Eavkong, managing director of Asia Real Estate Cambodia, said the development activities on islands in ...
Informal lending still thriving
The expanding banking sector and the spread of microfinance institutions (MFIs) in rural areas have failed to elbow informal, unlicensed money lending out of the market, industry experts say. Fast and easy access to money – as well as the fear of “losing face” by borrowing ...
http://www.phnompenhpost.com/2013070266598/Business/informal-lending-still-thriving.html
Rising Demand Boosts Organic Rice Industry
Production of Cambodian organic rice is rising rapidly as international demand for the product increases, experts said at a forum for growers and other industry members held Tuesday at the Phnom Penh headquarters of agricultural NGO Cedac. “In the first six months of this year we’ve ...
http://www.cambodiadaily.com/business/rising-demand-boosts-organic-rice-industry-34216/
Cambodian oil imports decrease by 2.2 per cent
Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce. Industry experts said the drop did not ...
Chan Muy Hong
http://www.phnompenhpost.com/business/cambodian-oil-imports-decrease-22-cent