IMF revises GDP projection for Cambodia upward to 7%
The International Monetary Fund has revised Cambodia’s economic growth projection to between 6.5 and 7 per cent, up from 6.2 per cent in April, saying the country could manage a sound macro-economy because of the growth in four main sectors: manufacturing, tourism, agriculture and construction. According to Ek ...
Cambodia’s ongoing human trafficking problem
Svay Pak is an internationally known district for child sex in Cambodia’s capital of Phnom Penh, where foreign men come to seek sex with young girls. According to a 2011 study by ECPat Cambodia, around 75 percent of the victims of sex trafficking within Cambodia were children. The study also ...
Kyla Ryan
http://thediplomat.com/2014/07/cambodias-ongoing-human-trafficking-problem/
Minister presses KNUP backers on support for Nhek Bun Chhay
Problems continue to grow for Khmer National United Party President Nhek Bun Chhay in the wake of the prime minister’s decision to terminate his role as a government adviser, with at least two members of his group defecting to the ruling Cambodian People’s Party in ...
Meas Sokchea and Shaun Turton
http://www.phnompenhpost.com/national/minister-presses-knup-backers-support-nhek-bun-chhay
Stock market rings in PPAP
Shares in Phnom Penh Autonomous Port (PPAP) debuted on Cambodia’s sleepy stock exchange yesterday morning, ending the day at 5,140 riel ($1.28), down 1.15 per cent from the 5,200 riel opening price, after a lukewarm session of sideways trading that dashed some investors’ hopes for ...
Cam McGrath
http://www.phnompenhpost.com/business/stock-market-rings-ppap
Tax dispute procedures tightened, onus on taxpayer
Having recently disbanded the so-called estimated tax regime, a flexible scheme that reduced the tax obligations of small and medium enterprises, the General Department of Taxation has issued a new prakas aimed at hastening tax audits and the appeals process, but which also increases the ...
Ananth Baliga
http://www.phnompenhpost.com/business/tax-dispute-procedures-tightened-onus-taxpayer
Interactive: Few arrests in timber smuggling crackdown
Suspected timber smugglers have gotten off the hook in the vast majority of busts that have followed Prime Minister Hun Sen’s January call for a crackdown on the illegal timber trade, a Post analysis has revealed. In the wake of the prime minister’s creation of ...
Daniel Nass
http://www.phnompenhpost.com/national/interactive-few-arrests-timber-smuggling-crackdown
NBC head underscores value of women’s access to finance
Unlocking greater access to formal finance for Cambodian women will play a strategic role in the process of the Kingdom’s economic development, National Bank of Cambodia (NBC) director-general Chea Serey said on Monday. She said this at the Training on the Trainers (ToT) Programme on Financial ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-head-underscores-value-womens-access-finance
Autumn equinox over Angkor showcases ‘ancestors wisdom’
The autumnal equinox will occur this year on September 23. The phenomenon, which signifies an equal duration of day and night due to the Earth’s position in its orbit around the sun, happens twice a year in September and March. at these times, the sun ...
Bor Pich Zelin
https://www.phnompenhpost.com/national/autumn-equinox-over-angkor-showcases-ancestors-wisdom
CHRC report progress with human rights talks with UN
The Cambodian Human Rights Committee (CHRC) has announced the “success” of recent human rights dialogue between the ASEAN Intergovernmental Commission on Human Rights (AICHR) and the UN Office at Geneva. It noted that the talks had made a significant contribution to the implementation of a ...
Samban Chandara
https://phnompenhpost.com/national/chrc-report-progress-human-rights-talks-un
Rosy official forecasts fail to lift freshwater fishermen’s hopes
While river fishermen are claiming to have had smaller catches this season, experts are predicting that this year’s freshwater fish yields will be double that of previous years. Heng Kong, director of the Inland Fisheries Research and Development Institute at the Fisheries Administration (FiA), predicted that ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/rosy-official-forecasts-fail-lift-freshwater-fishermens-hopes
After Reform Promise, a Return to Statecraft as Usual
In an epic, six-hour address in September, Prime Minister Hun Sen apologized for the government’s many “problems” and promised a more reformist government over the next five years of his rule. Targeting corruption, deforestation and the lack of transparency across government sectors, the prime minister made ...
Alex Willemyns
http://www.cambodiadaily.com/news/after-reform-promise-a-return-to-statecraft-as-usual-48602/
Cambodia to return to former glory
Kuala Lumpur (The star /ANN) — A country once torn apart by war is emerging as a key investment destination for small and medium enterprises. It was once home to a great civilization. In the 12th century, the Khmer empire was South-East Asia’s largest. Angkor was ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NDRhOTI5NzA0Y2E
Deals With China Inked
Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...
http://www.phnompenhpost.com/index.php/2011082251177/Business/deals-with-china-inked.html
Gov’t to Watch Shipments From Bird Flu-Hit Countries
Manila–Incoming bird and poultry shipments from countries affected by the highly pathogenic avian influenza (HPAI) will be seized and destroyed given concerns of a resurgence, the government said. The Agriculture department last Friday announce heightened surveillance at all ports of entry as well as the ...
Cambodia's special economic zones waiting for foreign investments
PHNOM PENH — Eight out of Cambodia’s 19 special economic zones (SEZ) are being operational across the country, while the rest are still waiting for both local and foreign investors, the data from Council for Development of Cambodia (CDC) showed on Saturday. The statistics showed that ...
http://www.asean-china-center.org/english/2011-09/05/c_131100346.htm
Interest-free loans to lure businesses
HCM CITY — The HCM City government will offer interest-free loans to local companies doing business in the city, Laos and Cambodia. With a stimulus package of VND8 trillion (US$381 million), the city has approved interest-fee loans of up to VND100 billion ($4.7 million) over ...
http://vietnamnews.vnagency.com.vn/Economy/215583/Interest-free-loans-to-lure-businesses.html
Chinese animal feed mill opens in Cambodia
A Chinese animal feed mill officially opened at the Phnom Penh Special Economic Zone (PPSEZ) on Aug 28. It is the first animal feed mill from China and the fifth animal feed factory to operate in Cambodia Cambodia has strongly depended on the imports for animal ...
Asia’s Newest Stock Market Is Risk to Investors, Sam Rainsy Says
Investors in Cambodia, tied with Yemen as the world’s 164th-cleanest country for doing business, face risks in a planned stock market because of ineffective financial and legal systems, the country’s exiled opposition leader said. “Among the little dragons of Southeast Asia, Cambodia is the least encouraging,” ...
Cambodia - Next Oil and Natural Gas Frontier?
U.S. and Japanese companies are interested in prospecting for oil and natural gas in Cambodia. According to Phai Siphan, state secretary and spokesman of the Council of Ministers Office, in the provinces of Preah Vihear, Siemreab, and Kampong Thom there are 17 oil blocs covering ...
http://oilprice.com/Energy/Energy-General/Cambodia-Next-Oil-and-Natural-Gas-Frontier.html
More Than 250 Firms Hold Mining Licenses
Almost 200 mining companies currently hold government licenses to mine construction materials such as granite, or to extract minerals, while another 53 firms are licensed to explore for mineral wealth, according to a Ministry of Industry, Mines and Energy report released Friday. Among these firms, 47 ...