The Week at the CSX - Sept 12-19, 2012
The price of Phnom Penh Water Supply Authority stock over the Sept 12-19 period remained very stable, falling early on from KHR 6,350 (US $1.57) to KHR 6,300 (US $1.56) where it stayed. Trading volumes over the five days varied from around 4200 to 13,600 ...
Garment factory welcomes back striking workers
Revoking its decision to sack the vast majority of its work force for a prolonged strike, the Winson International garment factory agreed to allow the 868 workers back to work following negotiations late last month, worker representatives said yesterday. After mediation by officials from the Ministry ...
Tourism Industry's Growth Offers Job Creation For Local Labor Force
PHNOM PENH: Cambodia is trying to boost the tourism industry after its contribution to economic growth and offering job creation as ASEAN economic integration 2015 is moving and the free flow of workforce mobilization has been needed to help ensure steady growth. Cambodia’s tourism sector, in 2011, offered 350,000 direct jobs and millions of ...
Experts Question New Trade Goal with Vietnam
Officials and experts yesterday questioned the likelihood of Cambodia and Vietnam’s proposal to hike bilateral trade by more than US$2.5 billion by 2015. The pledge of $5 billion in total trade, made by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart, Nguyen Tan Dung, last ...
Indonesia in Talks With Cambodia Over Rice Export Deal
An Indonesian trade delegation is scheduled to visit Cambodia this month to finalize a trade deal that could see up to 100,000 tons of rice exported to Indonesia each year, Thon Virak, director general of state-owned rice exporter Green Trade Co., said on Friday. “Indonesia wants ...
Group Lease boosts Singapore unit to fund Cambodia operation
Group Lease has decided to raise the capital of its wholly owned Singaporean subsidiary Group Lease Holdings to serve as the main funding source for its Cambodian motorcycle leasing operations after six months of satisfactory trial operations there. Cambodia, which is managed by Group Lease’s ...
Rubber firm has plans in Cambodia
Kuala Lumpur-based Felda Global Ventures Holdings Berhad (FGV), the third-largest palm oil operator in the world, said it plans to cultivate rubber inside Cambodia. “We are . . . consolidating by expanding into countries like Myanmar, Cambodia and Laos – planting other crops such as rubber,” ...
http://www.phnompenhpost.com/2013062866536/Business/rubber-firm-has-plans-in-cambodia.html
King to Convene Parliament After Beijing Trip
King Norodom Sihamoni flew to Beijing on Monday, accompanied by Queen Mother Norodom Monineath for a routine medical checkup, but will return to Cambodia to preside over the opening session of the fifth mandate of the National Assembly, according to a statement released by the ...
The Cambodia Daily
http://www.cambodiadaily.com/news/king-to-convene-parliament-after-beijing-trip-39273/
Opposition Warns It May Block All Roads to Phnom Penh
The opposition CNRP on Thursday threatened to block traffic in and out of Phnom Penh along all major roads next month unless the government meets its demands, including new elections and Prime Minister Hun Sen’s resignation. Mao Monivann, deputy director of the CNRP’s executive committee, said ...
Khuon Narim and Zsombor Peter
http://www.cambodiadaily.com/news/opposition-warns-it-may-block-all-roads-to-phnom-penh-49500/
At least 40 killed in road crashes during Lunar New Year festival
Traffic accidents killed at least 40 people and injured 80 during the Lunar New Year celebration since Friday. A National Police report yesterday said this was more than the 29 deaths and 65 people with injuries recorded during the same period last year. Lieutenant General ...
Khuon Narim
https://www.khmertimeskh.com/50684359/at-least-40-killed-in-road-crashes-during-lunar-new-year-festival
Farmer shifts to animal corn feed
A farmer in Tbong Khmum province is joining the provinces bordering with Thailand to grow more corn to supply the animal feed industry. The four main corn-growing districts, Krouch Chhmar, Memot, Ou Reang Ov and Tbong Khmum have combined total of corn farm land of ...
Sorn Sarath
https://www.khmertimeskh.com/50731798/farmer-shifts-to-animal-corn-feed/
US, Australia Continue Call For Credible Election Inquiry
In the wake of an announcement by the National Election Committee (NEC) that it has completed its investigation into election irregularities, the U.S. and Australian embassies in Phnom Penh on Monday continued to call for an independent and transparent inquiry into the results of the ...
Colin Meyn
http://www.cambodiadaily.com/elections/us-australia-continue-call-for-credible-election-inquiry-40185/
Rice Crops Take A Pounding From Southeast Asian Floods
October marks the start of the main rice harvest in Thailand, the world’s largest exporter of the grain. Traders are waiting to see the full impact of flooding on the crop, but it’s already clear that output across Southeast Asia will fall substantially. The U.N.’s ...
Cambodia's International Reserves Increase to Nearly $3 Billion
According to the statement from the national bank of Cambodia (NBC), the country’s international reserves increased by 2.912 million US dollars so far this year with guaranteeing to import for four months. “For the management of the international reserves, we have implemented the policy with ...
Looming oil funds put Cambodia at crossroads
On Sunday, CPP lawmaker Cheam Yeap will attend a forum on the evolving oil and gas sector with about 400 university students. If all goes according to plan, Chevron Corporation will begin to extract oil from Cambodian waters in little over a year. Though the amount ...
Cambodia to hold River Festival to attract tourists
THE [sic] Ministry of Tourism plans to organize an annual River Festival along the Mekong and Tonle Sap in a move to attract tourists, officials said. Additionally, it wants to raise awareness for environmental protection with a “Clean City Day” on February 27. The Minister of ...
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/
Officials Draft Sub-Decree to Develop the Silk Sector
Officials at the Ministry of Commerce met on Friday to draft a sub-decree for the promotion and development of the Cambodian silk sector, but industry experts say the draft does not do enough for the local products used in the production of silk. The main ...
Belarus eyes enhanced trade, investment ties with Cambodia
Belarus announced its firm stance to promote bilateral cooperation with Cambodia in trade, investment and tourism for mutual benefits, Vladimir Andreichenko, Chairman of the Belarus Parliament, said Monday. He expressed Belarus’s desire to operate a direct flight to Cambodia. He suggested that the two countries ...
http://news.xinhuanet.com/english/world/2013-02/11/c_132164406.htm
Cambodia suspends military co-operation with US, other nations amid election standoff
ambodia has suspended international military co-operation programs with the United States and others following that country’s recent, disputed election, the State Department said Monday. The reason for Cambodia’s action was not immediately clear. State Department spokeswoman Marie Harf told reporters that Cambodia’s Defence Ministry has postponed ...