MEF bullish on medium-term growth amid diversification
The Cambodian economy is demonstrating signs of a recovery in terms of gross domestic product (GDP) growth in 2024 and the following periods, according to new statistics released by the Ministry of Economy and Finance’s (MEF) General Department of Policy which have predicted the country’s ...
James Whitehead
https://www.khmertimeskh.com/501520198/mef-bullish-on-medium-term-growth-amid-diversification/
Maybank Cambodia aims to be in top 5 by 2015
Maybank launched yesterday its locally incorporated company in Cambodia, Maybank (Cambodia) Plc, and will also build a 10-storey corporate office with the aim of becoming one of the top five banks there by 2015. Currently ranked seventh in terms of assets among 33 banks operating ...
Union wary of possible crackdown
Preparing for a demonstration expected to draw thousands of garment workers this morning, Ath Thorn, president of the Coalition of Cambodian Apparel Workers Democratic Union (C.CAWDU), said yesterday that he feared the possibility of a heavy-handed military police response. About 4,000 workers gathered at SL ...
Sean Teehan
http://www.phnompenhpost.com/national/union-wary-possible-crackdown
Thai company shelves Kampot cement project
Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive. Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said ...
Rann Reuy and May Kunmakara
http://www.phnompenhpost.com/business/thai-company-shelves-kampot-cement-project
Cambodia to feel an energy crunch, but growth to remain stable: report
Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...
Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report
Military stops CNRP rally in Kompong Cham
KOMPONG CHAM CITY – Armed soldiers and military police prevented opposition leaders Sam Rainsy and Kem Sokha from leading an election campaign march here Sunday, with the pair instead making brief stump speeches for the May 18 council elections in front of militarized roadblocks and ...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/military-stops-cnrp-rally-in-k-cham-58012/
The Grain of Rice That Could Help Cambodia Grow
SAMRAONG TONG DISTRICT, Kompong Speu Province – Laughing, Ouch Samnang jumped back and forth over a skipping rope held by his classmates. The 13-year-old goes to school in a small village in Kompong Speu province, he has friends, five siblings and loving parents. Overall, he ...
http://www.cambodiadaily.com/news/the-grain-of-rice-that-could-help-cambodia-grow-32650/
Bruised but Not Beaten, Protesters Return to Wat Phnom
Anger over the violent attack on peaceful protesters at Wat Phnom on Sunday night simmered at the site Monday morning, with the same demonstrators returning to confront their alleged attackers and detaining a police official they accused of spying. Shortly before 11 p.m. on Sunday night, ...
Ben Woods and Mech Dara
http://www.cambodiadaily.com/elections/bruised-but-not-beaten-protesters-return-to-wat-phnom-43049/
Challenging business for startups
The World Bank recently ranked Cambodia 184th out of 189 countries for ease of starting a business, but you wouldn’t have known it at Phnom Penh’s recent Startup Weekend. Pitches for Cambodia’s first commercial organic chicken farm and for an app to connect tuk-tuk drivers to ...
Justine Drennan
http://www.phnompenhpost.com/business/challenging-business-startups
Factories to lose millions
The economic fallout from garment worker protests and the industry’s response is expected to cost the key sector millions of dollars while tarnishing the country’s reputation among international buyers, interviews with suppliers and figures from previous periods of labour unrest show. Disputes over wages came to ...
Eddie Morton and Hor Kimsay
http://www.phnompenhpost.com/business/factories-lose-millions
National Radio Site Swapped With Land Developer
The Ministry of Information has swapped an 11-hectare plot of land in Phnom Penh’s Meanchey district, which was previously the site of National Radio AM 918, with a property development firm in exchange for the construction of a new radio tower and transmitter on a ...
Kuch Naren and Colin Meyn
http://www.cambodiadaily.com/news/national-radio-site-swapped-with-land-developer-45419/
EU clarifies rice comments
While the European Union Trade Commissioner Karel De Gucht never told the Ministry of Commerce that Cambodian rice was “30 per cent” mixed with the same product from Vietnam, he did say Cambodia had to better ensure that its harvest was homegrown and not from ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/eu-clarifies-rice-comments
Factories Closed Until Safety Guaranteed
The Garment Manufacturers Association of Cambodia (GMAC) on Sunday said all of the country’s 400-plus garment factories will remain closed until the government and striking trade unions can guarantee the safety of the factories and all employees who want to work. The decision, outlined in an ...
Aun Pheap
http://www.cambodiadaily.com/news/factories-closed-until-safety-guaranteed-49749/
Floods a Yearly Trial for Those Living Along Mekong
TBONG KHUM DISTRICT, Kompong Cham province – From November to May, the Mekong River is quiet. So is life for the hundreds of thousands of people who live along its banks, which in Cambodia forms a 155,000 square km basin covering six provinces and Phnom ...
Aun Pheap and Denise Hruby
http://www.cambodiadaily.com/news/floods-a-yearly-trial-for-those-living-along-mekong-44143/
Rights Groups Condemn Verdict of Murdered Journalist
The verdict issued Wednesday by the Ratanakkiri Provincial Court dropping the charges against a military police officer and his wife who were allegedly involved in the murder of an investigative journalist is a travesty of justice and a sign of impunity in the country, rights ...
Kuch Naren and Dene-Hern Chen
http://www.cambodiadaily.com/news/rights-groups-condemn-verdict-of-murdered-journalist-41435/
Beyond Chea Vichea, Many Cases Lack Accountability, Justice
Ahead of the 10-year anniversary on Wednesday of the assassination of Free Trade Union (FTU) President Chea Vichea, police said Monday that despite their inability to bring anyone to justice for the high-profile slaying, the case remains open. However, Chea Mony, the brother of Chea Vichea, ...
Khy Sovuthy and Lauren Crothers
http://www.cambodiadaily.com/news/eu-ambassador-distances-local-delegation-from-resolution-50914/
Not going without a fight
Teng Khorn’s living room is under a tree, his bedroom in a boat hauled up on a slipway for caulking beside the mangroves that lead to his source of income: the sea. His choice of abode is also his act of defiance against the monolithic Chinese ...
May Titthara and David Boyle
http://www.phnompenhpost.com/national/not-going-without-fight
In Preliminary Results, Ruling Party Seats Diminished in Election Win
Cambodia’s ruling party has reportedly won in national elections Sunday, but it appears to have lost a significant number of seats in parliament. According to preliminary election figures released by Information Minister Khieu Kanharith, the Cambodian People’s Party won 68 of 123 National Assembly seats. That’s a ...
Mekong villagers wary of Xayaburi dam
Fishermen bring their boats to shore, pack away their traps and hand over the day’s catch to their awaiting families on the banks of the Mekong River in Kratie province’s Chitra Borei district. “When my husband arrives home each day, we eat some of what he ...
Environmentalists Say Dam Project Could Be Disastrous
While fears have been raised over the imminent construction of the Don Sahong dam in Laos, environmentalists on Monday said Cambodia should not forget that it has a project of its own that would be equally as disastrous to the livelihoods of hundreds of thousands ...
Denise Hruby and Kuch Naren
http://www.cambodiadaily.com/news/environmentalists-say-dam-project-could-be-disastrous-44573/