Investment down by $1B
Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ss='cambodia-color'>...
Cheng Sokhorng
http://www.phnompenhpost.com/business/investment-down-1b
Deminer among three Cambodians arrested for arms sale
Banteay Meanchey police have arrested three men, including a deminer from the Cambodian Mine Action Centre (CMAC), for their alleged involvement in selling three mortars seized last week by Thai authorities, who, in a separate raid in Thailand near the country’s border with Myanmar, detained ss='cambodia-color'>...
Niem Chheng
http://www.phnompenhpost.com/national/deminer-among-three-cambodians-arrested-arms-sale
Economic changes needed, says ADB
A lead economist working with the Asia Development Bank (ADB) has said that Cambodia needs to rethink its economic model, which is heavily based on export-driven growth, as it prepares to shed least developed country (LDC) status, a transition that is expected to take place by ss='cambodia-color'>...
May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/
Stung Treng border brigade unveiled
The government on Saturday inaugurated a new Royal Cambodian Armed ForceS brigade to Serve a diSputed part of the Cambodia-LaoS border. Defence MiniSter General Tea Banh preSided over a ceremony to mark the eStabliShment of infantry brigade 128, which comeS under the control of RCAF&rSquo;S SS='cambodia-color'>...
Khy Sovuthy
http://www.khmertimeskh.com/5088220/stung-treng-border-brigade-unveiled/
Government plans to slim down Cabinet
Officials holding the position of secretary of state will no longer be members of the Cabinet after July’s general election, it was announced yesterday.Council of Ministers spokesman Phay siphan said the government will soon amend the law to allow for a reduction in the number ss='cambodia-color'>...
Mom Kunthear
http://www.khmertimeskh.com/50101012/japan-donate-140-buses/
China and Mekong states sign 5-year plan for cooperation, but details remain undisclosed
The leaders of Cambodia, Vietnam, Myanmar, Thailand and Laos, along with Chinese Premier Li Keqiang, announced the adoption of a five-year plan for cooperation on matters relating to the Mekong River, though experts and observers yesterday questioned who would benefit from China’s increasing involvement in ss='cambodia-color'>...
Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/china-and-mekong-states-sign-5-year-plan-cooperation-details-remain-undisclosed
Gov’t creates tourism development committee
The National Tourism Development Committee was created this month to boost the development of one of Cambodia’s most important economic drivers. ss='cambodia-color'>...
Chea Vannak
https://www.khmertimeskh.com/50665275/govt-creates-tourism-development-committee/
Siem Reap sees strong gains
Commercial property prices and rents in siem Reap have increased by 10 to 20 per cent in the last year, according to the town’s newest real estate agency. Cambodia Properties Limited (CPL) opened its first siem Reap branch three months ago, recognising a need for sound ss='cambodia-color'>...
http://www.phnompenhpost.com/Real-Estate/siem-reap-sees-strong-gains.html
IMF Says Cambodia to Reach 7.5% Growth in Medium Term
The International Monetary Fund said it expects economic growth in Cambodia to reach its potential of 7.5 percent in the medium term. The Washington-based IMF forecast growth of 6.7 percent this year, up from an estimated 6.5 percent in 2012, in its annual assessment of the ss='cambodia-color'>...
http://www.bloomberg.com/news/2013-01-08/imf-says-cambodia-to-reach-7-5-growth-in-medium-term.html
Mesco, Angkor to mine gold
Mesco Gold, an associated company of India-based Mesco steel, will sign an agreement with Angkor Gold to mine the Phum syrang prospect on one of its economic land concessions in Ratanakkiri province. “We’ve been exploring the area since 2006. We’ve been drilling holes and there’s ss='cambodia-color'>...
http://www.phnompenhpost.com/2013011860848/Business/mesco-angkor-to-mine-gold.html
Investors eye Meoun Chey border
Chinese, Korean and local investors have shown interest in Meoun Chey border crossing in Prey Veng province’s Komchay Mear district between Cambodia and Vietnam, provincial officials said yesterday. Komchay Mear district governor Prak savann said the potential investors are looking for land in the area to ss='cambodia-color'>...
http://www.phnompenhpost.com/index.php/2012051756211/Business/investors-eye-meoun-chey-border.html
ILO Launches Campaign to Combat Mass Faintings
The International Labor Organization’s Better Factories Cambodia program yesterday launched its One Change Campaign to encourage factories to implement changes that would reduce incidents of mass faintings. Maeve Galvin, a consultant for Better Factories Cambodia, said the campaign is supported by major international clothing brands as ss='cambodia-color'>...
Trio face forest-clearing charge
A married couple and another man were called before a judge yesterday after being charged with clearing protected forest in Koh Kong province’s Kandorl commune. Kry Deuy, his wife, Moeung Yan, and a man named soun sareth cleared about 16 hectares of state-protected forest to cultivate ss='cambodia-color'>...
Strikers told they have it good
About 4,000 workers from two garment factories protested in Phnom Penh yesterday for better working conditions – but bosses told them their 7.5 hour working days and free meals meant they had it pretty good. The workers from sL Garment Processing (Cambodia)’s sL1 and sL2 factories ss='cambodia-color'>...
Thai soldiers kill 3 Cambodian loggers
Thai soldiers have shot dead three Cambodian men for illegally cutting rosewood on the frontier of Thai territory He [Prach Chan, governor of Cambodia’ s Battambang province] said the Thai side claimed that the men illegally entered Thai territory for logging purposes on saturday, in an ss='cambodia-color'>...
Acleda Plans to Launch Internet Banking Services
Acleda Bank PLC plans to launch internet banking services in september, the bank’s president and CEO, In Channy, said yesterday. Internet banking will be available to customers in Cambodia and abroad, Mr. Channy said. The system Acleda chose, he said, is used by many leading ss='cambodia-color'>...
Tourist arrivals up 18 per cent
International tourist arrivals soared nearly 18 per cent in the first quarter in this year compared to the same period the year before, according to data from the Ministry of Tourism. The ministry’s official statistics report showed that Cambodia received 1,172,072 tourists in three-month period, compared ss='cambodia-color'>...
http://www.phnompenhpost.com/2013052365790/Business/tourist-arrivals-up-18-per-cent.html
Dragonair to fly to Siem Reap
Joining a growing number of airlines connecting to Angkor Wat’s gateway, Dragonair will fly between Hong Kong and siem Reap in October. The Hong Kong-based subsidiary of Cathay Pacific said in a statement last week that it will start the seasonal service on October 29 and ss='cambodia-color'>...
http://www.phnompenhpost.com/business/dragonair-fly-siem-reap
Korean deal gives palm sugar farmers pay day
Palm sugar farmers in Kampong speu province will soon export their goods to south Korea, the senior officer of a grower’s network said on Monday. sam saroeun, president of the Kampong speu Palm sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ss='cambodia-color'>...
Chan Muy Hong
http://www.phnompenhpost.com/business/korean-deal-gives-palm-sugar-farmers-pay-day
Opposition Senators To Boycott Budget Debate
Eleven senators supporting the opposition Cambodia National Rescue Party say they will not take part in a senate session on Thursday scheduled to debate the 2014 budget. Opposition senators say they will not endorse a budget that did not go through proper parliamentary procedure and ss='cambodia-color'>...
Heng Reaksmey
http://www.voacambodia.com/content/opposition-senators-to-boycott-budget-debate/1794206.html