Inflation in 2017 low and ‘manageable’
Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods, with the National Bank of Cambodia (NBC) saying the low inflation rate was a product of sound macroeconomic management. ...
May Kunmakara
http://www.khmertimeskh.com/50100904/inflation-2017-low-manageable/
Ministry meets with protesting garment workers following factory closures
Officials from the Ministry of Labour met with former workers from three garment factories in the capital’s Por Senchey district this morning after the owner absconded without warning last week, leaving 2,000 workers without their severance or salary for the month of January. ...
Yon Sineat and Daphne Chen
http://www.phnompenhpost.com/national/ministry-meets-protesting-garment-workers-following-factory-closures
Agro-processing SEZ moves closer to reality
A Chinese firm that plans to invest $2 billion into developing the Kingdom’s first special economic zone (SEZ) dedicated solely to agricultural processing and storage has signed on a new partner to help jumpstart the stalled project, a top agriculture official said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/agro-processing-sez-moves-closer-reality
Sesan residents settle on new relocation site
Over a hundred families in Stung Treng province’s Srekor and Kbal Romea communes said yesterday that they have located around 2,000 hectares to relocate to when a scheduled test run for the Lower Sesan II dam this week leaves their villages flooded. ...
Phak Seangly
http://www.phnompenhpost.com/national/sesan-residents-settle-new-relocation-site
Mining giant seeks to settle corruption case with US
Australian mining giant BHP Billiton has announced that it is in negotiations with the U.S. government to settle allegations of corruption abroad, which include claims that the company paid a $2.5 million bribe to Cambodian officials to secure exploration rights in the country’s northeast. ...
Zsombor Peter
http://www.cambodiadaily.com/news/mining-giant-seeks-to-settle-corruption-case-with-us-71097/
Out of the woods: Forest crime often goes unpunished
The Ministry of Agriculture, Forestry and Fisheries saw at least 2,400 cases of forest- and wildlife-related crimes in 2014, of which almost 1,800 were forwarded to the courts, though fewer than 10 people were sentenced in relation to the crimes, ministry figures say. ...
May Titthara
http://www.phnompenhpost.com/national/out-woods-forest-crime-often-goes-unpunished
Brunei crown prince to visit Cambodia next week
Brunei Crown Prince Haji Al- Muhtadee Billah will pay an official visit to Cambodia from March 2 to 4 in order to further enhance bilateral ties and cooperation, according to a statement from the Cambodian Ministry of Foreign Affairs on Wednesday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/150225/brunei-crown-prince-visit-cambodia-next-week
Cambodia, Russia to sign 5 cooperation documents next week
Cambodian Foreign Minister Hor Namhong will lead a delegation to pay a working visit to Russia from March 2 to 4 in order to boost ties and cooperation, according to a news statement from the Ministry of Foreign Affairs on Friday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/150227/cambodia-russia-sign-5-cooperation-documents-next-week
Cambodia sees cassava exports increase by 40 percent in H1
In the first half of 2022, Cambodia exported 2.3 million tons of cassava products, an increase of about 40 percent compared to the same period last year. ...
Khmer Times Staff
https://www.khmertimeskh.com/501116199/cambodia-sees-cassava-exports-increase-by-40-percent-in-h1/
Cambodia, China to sign MLC fund pact today
Cambodia will receive about $2 million from China under the Mekong-Lancang Cooperation (MLC) Special Fund for 2024. Both countries will sign an agreement on this on Thursday in Phnom Penh. ...
Manoj Mathew
https://www.khmertimeskh.com/501553298/cambodia-china-to-sign-mlc-fund-pact-today/
ASEAN forums divide
Cambodian NGOs were drawing battle lines and choosing sides in the run-up to the ASEAN summit, activists said yesterday. Two separate “ASEAN People’s Forums” are being organised by local NGOs. The first, from March 28 to 30, is expected to draw more than 2,000 groups. ...
http://www.phnompenhpost.com/index.php/2012031955107/National-news/asean-forums-divide.html
Villagers again flock to Land Ministry
About 70 people representing thousands of Kampong Speu province households yesterday gathered once again in front of the Land Management Ministry to appeal to the authorities to take action against three rubber plantations and a sugar cane plantation over more than 2,000 hectares of disputed ...
Pech Sotheary
https://www.khmertimeskh.com/50492515/villagers-again-flock-to-land-ministry/
Interior Minister slams UNTAC
Interior Minister Sar Kheng has slammed the United Nations Transitional Authority in Cambodia (UNTAC) which organised the 1993 elections. He said there were irregularities under UNTAC’s supervision of the polls, and despite spending $2 billion to bring democracy and peace to the country, war still ...
Mech Dara
https://www.phnompenhpost.com/national/interior-minister-slams-untac
All-time high for Securities Exchange trading volume
The Cambodia Securities Exchange (CSX) recorded its highest ever trading volume on Monday, exchanging 2,150,535 shares with a total value of more than $4.43 million, according to a CSX press release. The previous record was 939,498 shares traded on July 5, 2017. ...
Hin Pisei
https://www.phnompenhpost.com/business/all-time-high-securities-exchange-trading-volume
Villagers demand $250 payout for land grab
Some 1,000 villagers on Tuesday blocked National Road 2 in Kandal province’s Kandal Stung district, each demanding compensation of $250 from the provincial authority for communal land they claim a former commune chief sold to a well-connected developer without their knowledge in 2008. ...
Kim Sarom
https://www.phnompenhpost.com/national/villagers-demand-250-payout-land-grab
Footwear protests continue into fourth day
More than 2,000 workers at King Maker Footwear Co continued protesting for a fourth day on Wednesday, as they demanded that 50 per cent of their salary be paid, after their jobs were suspended by the factory for a month due to a lack of ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/footwear-protests-continue-fourth-day
Kingdom’s first abattoir primed for Australian cattle
After a series of technical delays and setbacks, the Kingdom’s first industrial slaughterhouse is ready to begin operations and will start production upon receiving its first shipment of 2,000 heads of live Australian cattle in late May, the company behind the project said yesterday. ...
Kali Kotoski and Sor Chandara
http://www.phnompenhpost.com/business/kingdoms-first-abattoir-primed-australian-cattle
Analysts shrug off drop in approved investment
The government approved more than $1 billion worth of domestic and foreign direct investment in the first quarter of the year, down sharply from the $2.8 billion approved in the same quarter last year, figures released by the Council for Development of Cambodia (CDC) yesterday ...
May Kunmakara
http://www.khmertimeskh.com/news/24306/analysts-shrug-off-drop-in-approved-investment/
Cambodia announces 17% increase in 2016 defence budget
The National Assembly of Cambodia approved on 30 November a 2016 defence budget of USD383 million, a 17% increase against spending in 2015. The defence allocation amounts to around 9% of total government expenditure for the year and about 2% of GDP. ...
Jon Grevatt
http://www.janes.com/article/56333/cambodia-announces-17-increase-in-2016-defence-budget