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Cambodia's economic growth forecast to reach 7.2% in 2014, 7.5% next year – World Bank

Cambodia’s economic growth is forecasted to reach 7.2 percent in 2014, and 7.5 percent next year according to a report by World Bank on Monday. The report said Cambodia’s garments continue to be the key engine of growth, followed by construction. The poverty rate continued to ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/cambodias-economic-forecasted-to-reach-72-pct-in-2014-75-pct-next-year:-world-bank-7444

Cambodian Red Cross swaps Siem Reap office

The Siem Reap provincial office of the Cambodian Red Cross has swapped land with a private company, moving from a prime spot in the heart of Siem Reap City to a cheaper plot 8 km away and on the outskirts of town, officials said Tuesday. ...

Kuch Naren
http://www.cambodiadaily.com/news/cambodian-red-cross-swaps-siem-reap-office-72129/

Inditex, H&M agree to pay more for clothes from Cambodia

Fashion brands, including Europe’s biggest clothing retailer Inditex SA (ITX) and Hennes & Mauritz AB (HMB), said they are willing to pay more for clothes made in Cambodia, backing a trade union campaign for higher wages. The chains are among eight clothing retailers that include Next Plc (NXT) and Primark that have ...

Gabi Thesing
http://www.bloomberg.com/news/2014-09-19/inditex-h-m-agree-to-pay-more-for-clothes-from-cambodia.html

Ministry urges for registration of mango farms for exports

The Ministry of Agriculture, Forestry and Fisheries has urged farmers to register their mango farms for certification to exports. This was reminded in the ministry’s press release issued recently, adding that the registration of mango farms is also intended to stabilise the price of the ...

Lim Nary/AKP
https://www.khmertimeskh.com/50818315/ministry-urges-for-registration-of-mango-farms-for-exports/

Local rice producers sell at discount

A number of Cambodia Rice Federation (CRF) member companies have reduced retail prices of milled rice by 10,000-20,000 riel ($2.50-5) per 50kg sack to participate in government efforts to improve people’s livelihoods during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takhmao town ...

Thou Vireak
https://www.phnompenhpost.com/business/local-rice-producers-sell-discount

Farmers struggle with complex procedures for subsidised electricity tariffs

Farmers with rice mills are battling to benefit from a government-subsidised electricity tariff aimed at reducing operational costs, citing complex procedures and unclear information despite the Ministry of Mines and Energy’s efforts to lower electricity prices for agricultural purposes. ...

Kuch Sikol
https://kiripost.com/stories/farmers-struggle-with-complex-procedures-for-subsidised-electricity-tariffs

Government confirms foreigners will need work permits for long-term visas

// // // // An Immigration Department official yesterday confirmed that foreigners requesting a long-term extension of their business visas would need to produce a work permit, with implementation of the rule starting September 4.    ...

Leonie Kijewski
http://www.phnompenhpost.com/national/government-confirms-foreigners-will-need-work-permits-long-term-visas

Nation's largest hydropower dam to open

Prime Minister Hun Sen will officially open the Chinese-made Kamchay dam in Kampot province today, the largest hydropower dam to date to operate in Cambodia and capable of supplying an extra 193.2 megawatts of energy. Environmental and human rights groups yesterday criticized the dam’s builder and ...

WHO Urges Higher Taxes On Tobacco

The World Health Organization (WHO) yesterday urged Cambodia to increase taxes on cigarettes and other tobacco products-currently the lowest in the world-in order to raise revenue and deter smokers. Ayda Yurekli, coordinator of the WHO’s tobacco control economics unit, said during a workshop in Phnom Penh ...

Government Says New Jet Was Leased From Chinese Airline

The Council of Ministers has revealed that its new Airbus A320, meant for shuttling Prime Minister Hun Sen and a select few others around the world, is being leased from China Southern Airlines but refrained from disclosing how much the deal was worth. Last month, CPP ...

http://www.cambodiadaily.com/news/government-says-new-jet-was-leased-from-chinese-airline-12328/

Bobruisk Plant of Tractor Parts and Units starts shipping machines to Cambodia

The Bobruisk-based mechanical engineering company Bobruisk Plant of Tractor Parts and Units has shipped a batch of proprietary compact tractors Belarus 321 to Cambodia for the first time, representatives of the company’s sales department told BelTA. In line with the contract, which was signed in early ...

http://news.belta.by/en/news/econom?id=708244

Transparency NGOs Call for CPP to End Parking Corruption

A group of NGOs released a statement Thursday calling on the CPP government of Prime Minister Hun Sen to begin its program of promised post-election reforms by ending the practice of overcharging for motorcycle parking outside of local markets. The Affiliated Network for Social Accountability-Cambodia, a ...

Ben Sokhean and Alex Willemyns
http://www.cambodiadaily.com/news/transparency-ngos-call-for-cpp-to-end-parking-corruption-48213/

Rubber smuggling threatens industry’s recovery

An illicit cross-border rubber trade is thriving in Cambodia amid plummeting global prices and is threatening legitimate processing operations in the country, according to business owners and industry experts. And while Cambodia’s natural rubber export tariffs are set at between 2 and 10 percent, Vietnam ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/rubber-smuggling-threatens-industrys-recovery-73210/

Where squalor’s the norm

Abuse, discrimination, exploitation and corruption are endemic in Cambodia’s prisons, spurred on by judicial and penal systems “driven by nepotism”, according to a new report from local rights group Licadho. The report, Rights at a Price: Life Inside Cambodia’s Prisons, which was released yesterday, details a ...

Alice Cuddy and May Titthara
http://www.phnompenhpost.com/national/where-squalors-norm

Three firms join food market drive for red zones

Aeon Mall, Makro and Virak Buntham Express on April 26 said they will work with the Ministry of Commerce to provide essential food items for sale in designated red zones in a bid to maintain prices and stabilise the supply of goods in the market ...

Thou Vireak
https://www.phnompenhpost.com/business/three-firms-join-food-market-drive-red-zones

Preah Sihanouk tyre plant lifts hopes for rubber

A massive, freshly-launched tyre factory, backed by a $300 million investment from Chinese-owned General Tires Technology (Cambodia) Co Ltd, could be the breakthrough that the local rubber and automotive sectors have been waiting for, and potentially act as a type of price stabiliser for domestic ...

May Kunmakara
https://www.phnompenhpost.com/business/preah-sihanouk-tyre-plant-lifts-hopes-rubber

Mission hits back at UN criticism of Cambodia’s ‘deteriorating’ political climate

The Permanent Mission of Cambodia to the United Nations in Geneva shot back at the UN human rights office (OHCHR) yesterday for criticising what it characterised as the Kingdom’s deteriorating political climate, claiming the criticism was “unverified” and “politically motivated”. // //   ...

Leonie Kijewski
http://www.phnompenhpost.com/national/mission-hits-back-un-criticism-cambodias-deteriorating-political-climate

Cambodia Daily calls government action ‘assault’ on the press

The Cambodia Daily yesterday said it was under “siege” and continued to call the government’s targeting of the newspaper an attack on press freedom, as five radio station owners that had been ordered to shut stop attempted to resume their services. // //   ...

Ananth Baliga and Niem Chheng
http://www.phnompenhpost.com/national/cambodia-daily-calls-government-action-assault-press

Pig production priority

Thailand’s reported move to ban exports of live pigs highlights the need to develop a larger Cambodian pig industry,  insiders say. The Bangkok Post reported yesterday that Thailand’s Acting Commerce Minister Porntiva Nakasai had banned the exports in order to bring down its own prices, ...

http://www.phnompenhpost.com/index.php/2011070150113/Business/pig-production-priority.html

Certification Quandry Stunts Sugar Exports

In April 2010, Kampot Pepper and Kompong Speu palm sugar both gained a geographical indication (GI) from the Ministry of Commerce that recognized their unique qualities and protected their name. But while Kampot pepper producers export almost all of their 17-ton annual production at high ...

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