When Is Credit Growth Too Fast and How To Deal With It?
Cambodia’s financial system appears to be shifting to excessive credit growth. The credit-to-GDP ratio has reached 37 percent, well above the low-income economies (LTCs). If credit growth were to continue at the current pace, by mid-2013 the ratio would exceed even the median for more ...
Rubber draft law addresses regulatory holes
The government is drafting a rubber law to regulate the sector in response to the rapid growth of rubber plantations across the country, an official said. Ly Phalla, director general of the General Directorate of Rubber at the Ministry of Agriculture, Forestry and Fisheries, said officials ...
http://www.phnompenhpost.com/2013042665257/Business/rubber-draft-law-addresses-regulatory-holes.html
Verdict in 15-Year-Long Land Dispute Delayed
About 200 villagers from Phnom Penh’s Meanchey district who are involved in a long-running land dispute with two businessmen gathered outside the Court of Appeal on Tuesday, waiting to hear the verdict in their case—which was ultimately delayed. The villagers are representatives of 320 families in ...
Khy Sovuthy
http://www.cambodiadaily.com/news/verdict-in-15-year-long-land-dispute-delayed-41070/
Snake Island plans back to the drawing board
A development company with a government concession for a high-end property project on the island of Koh Pos, also known as Snake Island, has announced that it will significantly alter its original plans for the project. The new plan, which must first be submitted for ...
Siv Meng
http://www.phnompenhpost.com/real-estate/snake-island-plans-back-drawing-board
State-Owned Properties to Be Sold, Swapped
Six prime government-owned properties in Phnom Penh and Battambang province have been reclassified as privately held state properties in order to pave the way for the land to be sold or swapped with private companies, according to a sub-decree signed November 8. Signed by Prime Minister ...
Kuch Naren
http://www.cambodiadaily.com/news/state-owned-properties-to-be-sold-swapped-48527/
SL Garment Protesters Gain Little From Talks at Labor Ministry
A two-day meeting between union leaders, senior government officials and representatives of the SL Garment Factory failed Tuesday to reach a solution for factory workers, who have been on strike since early August and on Monday demonstrated in front of Prime Minister Hun Sen’s Phnom ...
Ben Woods and Khy Sovuthy
http://www.cambodiadaily.com/news/sl-garment-protesters-gain-little-from-talks-at-labor-ministry-45708/
New Report Reveals Distrust Between NGOs and Government
More than two months of research into relations between NGOs and the government was officially presented in Phnom Penh on Thursday, with an overriding message of distrust, and concerns that the proposed NGO Law will be repressive. Following the release on Wednesday of a summary of ...
Lauren Crothers
http://www.cambodiadaily.com/news/new-report-reveals-distrust-between-ngos-and-government-48205/
Power line investment approved
The Cambodian government has entered into a public-private partnership with a little-known company named ALEX Corporation Co Ltd to develop power lines from plants in Preah Sihanouk province to Phnom Penh, according to the Council of Ministers. The private firm will invest $119.1 million in a ...
Hor Kimsay
http://www.phnompenhpost.com/business/power-line-investment-approved
Plans to Reform Economy for Asean Integration
Cambodia’s newly appointed minister of commerce said Thursday that he plans to reform the country’s economy ahead of Cambodia’s entrance into the Asean Economic Community (AEC) 2015, though he and other officials did not say how they plan to accomplish that goal. Speaking to reporters on ...
Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/plans-to-reform-economy-for-asean-integration-46469/
Malaysia Fails to Guarantee Cambodian Maids’ Human Rights
The Ministry of Labor hopes that a new Memorandum of Understanding (MoU) will see Cambodia resume sending domestic workers to Malaysia by February, but negotiations on the document have stalled after Malaysia recently rejected 90 percent of proposed provisions to protect workers’ rights. Most strikingly, Malaysia ...
Matt Blomberg and Khy Sovuthy
http://www.cambodiadaily.com/news/malaysia-fails-to-guarantee-cambodian-maids-human-rights-49629/
Chinese-built dam in Cambodia starts testing operation
The Lower Russei Chrum River hydroelectric dam, which is the Cambodia’s largest hydropower plant, has begun testing operation after it has been constructed for three and a half years, a company’s official said on Saturday. The 338-megawatt hydropower dam, situated in the jungle in Mondol Sima ...
Want China Times News Staff
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140209000067&cid=1102
CPP lawmakers lash out at critics of one-party Assembly
The single-party National Assembly sat for the second day of its third plenary session Wednesday, discussing two of eight chapters of the draft law on the Organization and Functioning of the Courts. The CPP-only parliament—minus 55 boycotting opposition CNRP lawmakers-elect—convened to discuss the first of three ...
Hul Reaksmey
http://www.cambodiadaily.com/news/cpp-lawmakers-lash-out-at-critics-of-one-party-assembly-59332/
Rights worker summonsed over land fight
A rights group worker has earned a court summons for monitoring villagers who were embroiled in a Preah Vihear land dispute with a Chinese company. Lut Sang, the Khmer Ponlok employee scheduled to appear in provincial court today, said that he was only a passive observer ...
Phak Seangly and Amelia Woodside
http://www.phnompenhpost.com/national/rights-worker-summonsed-over-land-fight
Veng Sreng Street Upgrade behind schedule
The head of a construction company working to upgrade Phnom Penh’s dusty, potholed Veng Sreng Street said Thursday that the project would take twice as long to complete as expected. In November, Phnom Penh governor Pa Socheatvong announced that a 6.5 km strip of the road—which ...
Sek Odom
http://www.cambodiadaily.com/news/veng-sreng-street-upgrade-behind-schedule-58872/
Defendants cut off as 23’s trial goes on
When union leader Vorn Pov was finally allowed to give testimony yesterday on the third day of the trial of 23 men arrested during a garment strike in January, he found himself cut off by an attorney ordering him to answer only the exact question ...
May Titthara, Buth Reaksmey Kongkea and Sean Teehan
http://www.phnompenhpost.com/national/defendants-cut-23%E2%80%99s-trial-goes
Huge haul of smuggled ivory came from Kenya
The three-ton haul of illegal elephant ivory seized by port officials on May 9 originated in Kenya and was then shipped through Malaysia to Cambodia in two freight containers, the chief of Sihanoukville Autonomous Port’s customs and excise department said Thursday. Most of the elephant ...
Khy Sovuthy and Simon Henderson
http://www.cambodiadaily.com/news/huge-haul-of-smuggled-ivory-came-from-kenya-59451/
Cambodia and EU meet next week in Brussels
Ouch Borith, Secretary of State of Ministry of Foreign Affairs and International Cooperation of Cambodia, and Ugo Astuto, director of South and Southeast Asia of the European Union, will co-chair the 8th meeting of Cambodia-EU Joint Committee to strengthen relations and cooperation between Cambodia and ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZjJlNTNjMzI1MzZ
Japan provides US$11 mln for maternal and child health project
Japan provides US$11.5 million in grand aids to Cambodia for the implementation of the Project for Expansion of National Maternal and Child Health Center. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=NWUxNDNlOTcxMjE
Two dead, one seriously injured in another hit and run
Two men died and another was seriously injured in a hit-and-run accident on Friday night in Phnom Penh when a Range Rover plowed into a motorbike in Toek Thla commune, police said Sunday, adding to a recent spate of fatal—and often high-profile—hit-and-runs. Thang Ratha, 23, died ...
Eang Mengleng
http://www.cambodiadaily.com/news/two-dead-one-seriously-injured-in-another-hit-and-run-59553/
NGO says legal action over land disputes on the rise
The number of people charged in land disputes across the country so far this year has already surpassed the number of charges in all of 2013 in what rights group Adhoc on Tuesday called an “alarming” increase in legal action against those wrapped up in ...
Aun Pheap
http://www.cambodiadaily.com/news/ngo-says-legal-action-over-land-disputes-on-the-rise-66873/