Cambodia posts sharpest increase in rice output among major producers
Cambodia posted the sharpest increase in production among the world’s major rice producers between 2000 and 2010, the Food and Agricultural Organization said in a report released Wednesday. The 2013 edition of the UN agency’s Statistical Yearbook showed that Cambodia was the world’s 12th largest rice ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTRlZjk2Yzg3OTd
Economy to contract for the first time since conflict ended
The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ...
Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/
Joblessness in Cambodia to stay around 2% in 2023
The unemployment rate in Cambodia is expected to reach 2 percent by the end of 2022, according to Trading Economics global macro models and analysts’ expectations. In 2023, Cambodia’s unemployment rate is projected to trend around 2 percent and 0.90 percent in 2024, according to ...
Khmer Times Staff
https://www.khmertimeskh.com/501169894/joblessness-in-cambodia-to-stay-around-2-in-2023/
King Sihamoni and Queen Mother Donate to Sunday’s Victims
Two days after the killing of an unarmed man near Phnom Penh’s Monivong Bridge, officials on Tuesday offered little information on the progress of an investigation into the killing, and rights workers expressed concerns that the inquiry would lack credibility. King Norodom Sihamoni and Queen Mother ...
Project Aims to Make Subsistence Farms Profitable
BATI DISTRICT, Takeo province – At a farming school here last week, 150 poor agricultural workers gathered to celebrate graduating a two-month training course. The new group of educators will now set out with their newly acquired skills to help transform the country’s poorest rural ...
http://www.cambodiadaily.com/news/project-aims-to-make-subsistence-farms-profitable-39081/
End right to unionize, businesses ask Hun Sen
Prime Minister Hun Sen told business leaders and government officials Tuesday that he will not tolerate “illegal” labor strikes that harm investment, but avoided judgment on a request to withdraw ratification of a U.N. convention protecting workers’ rights to unionize. Speaking at the 17th Government-Private Sector ...
Hul Reaksmey and Alex Willemyns
http://www.cambodiadaily.com/news/end-right-to-unionize-businesses-ask-hun-sen-53516/
Cambodia route reopens for Uighur refugees
Recent arrests by Thai authorities of groups of suspected Uighur refugees along the Cambodian border have experts convinced that Cambodia has once again become a transit hub for members of the minority group fleeing religious and political persecution in China. Last week, 14 Uighurs were reportedly ...
Simon Henderson
http://www.cambodiadaily.com/news/cambodia-route-reopens-for-uighur-refugees-57340/
Strikers claim shots fired
Police threatened workers and fired shots into the air as a dispute involving about 800 Cambodian workers at Phatthana Seafood Co Ltd in Thailand’s Songkhla province escalated yesterday, a workers’ representative said. Sok Sorng said “many police” had threatened workers with guns as more than 1,000 ...
http://www.phnompenhpost.com/index.php/2012041055531/National-news/strikers-claim-shots-fired.html
Lower Mekong fish production estimated to be worth up to $7 bln a year
Production from freshwater capture fisheries and aquaculture in the Lower Mekong Basin is estimated to be worth up to $7 billion a year, the Mekong River Commission says. The newsletter said total first-sale value was estimated at $3.9 to $7.0 billion per year. “Over the ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ODc4MWI3YWIwNDF#sthash.cv2zcyPP.Aswun6lj.dpuf
Exports near $11.5B on May-Jun lift
The value of Cambodia’s total goods exports in the first half of the year reached $11.464 billion, up more than 0.75 per cent on an annual basis from $11.379 billion and up nearly 3.25 per cent from $11.104 billion in the second half of 2022, ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-near-115b-may-jun-lift
SSEZ conducts $2.5B trade in nine months
Year 2023 witnessed the spectacular emergence of Cambodia’s Sihanoukville Special Economic Zone (SSEZ) as a force to reckon with, as its enterprises hit 7.13 percent of the Kingdom’s total trade turnover, up from a mere 0.88 percent in 2013. In just nine months of the ...
Jigme Palden Pazo
https://www.khmertimeskh.com/501381926/ssez-conducts-2-5b-trade-in-nine-months/
Major Brands Confront Cambodian Leader Over Use of Force
A coalition of 30 brands and three global unions have sent a letter to Cambodian Prime Minister Hun Sen calling for an investigation into the recent use of deadly force against striking garment-sector workers. The letter, dated Friday, urged the government to launch a new process ...
Kate O'keeffe and Sun Narin
http://online.wsj.com/news/articles/SB10001424052702304027204579330201431431652?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304027204579330201431431652.html
High Prices of Privatized Water in Prey Veng Lead to Protests
More than 1,000 villagers in Prey Veng city took to the streets in protest yesterday morning after a company that recently took control of the state-run water supply raised prices by 50 percent, from 1,200 riel, or $0.30, to $1,800 riel, according to residents and ...
Cambodia Aims for Offshore Production Next Year
The Cambodian government expects U.S. oil major Chevron Corp. CVX -0.53%to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday Chevron discovered commercial resources ...
http://online.wsj.com/article/SB10000872396390443507204578020023711640726.html
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/
New Online Service Launched to Smooth Tax Payment
In a bid to ease the collection of the recently introduced tax on properties worth more than $25,000, The Ministry of Finance has launched an online service to help people get the forms they need to pay the tax. In a statement released last week, the ministry said ...
Cambodia has great potential for FDI
An assistant to former US president Bill Clinton said Cambodia has many potential areas for foreign direct investment (FDI) from many countries, including the US. Karen Tramontano, founder, along with Clinton, and president of the Global Fairness Initiative and CEO at Blue Star Strategies, met with ...
http://www.phnompenhpost.com/2013010960687/Business/cambodia-has-great-potential-for-fdi.html
Garment IPO May Arrive in Time for Polls
After the listing of Taiwanese-owned garment company Grand Twins International (Cambodia) Plc on the Kingdom’s stock exchange was delayed indefinitely, its underwriter said yesterday that the firm hopes to list before the national elections in late July. According to the underwriter, Phnom Penh Securities (PPS) Plc, ...
http://www.phnompenhpost.com/2013060566066/Business/garment-ipo-may-arrive-in-time-for-polls.html
Cambodia asks for help in oil and gas industry
Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...
Simon Henderson
http://www.cambodiadaily.com/business/cambodia-asks-for-help-in-oil-and-gas-industry-57237/
Strike continues as T&K rejects lunch allowance
Union representatives stormed out of negotiations and continued a strike yesterday when managers at T&K Garment factory said workers would never receive the 2,000 riel ($0.50) daily lunch allowance allegedly promised to them. A week after they walked off the job, T&K workers at Por Sen ...
Mom Kunthear and Koam Chanrasmey
http://www.phnompenhpost.com/national/strike-continues-tk-rejects-lunch-allowance