Protesters successful; water prices decrease
Authorities in Prey Veng province yesterday agreed to cut the price of water from 1,800 riel to 1,200 riel a cubic metre after more than 1,000 people blocked National Road 11 for the fourth consecutive day. Acting provincial police chief Dim Yarum said yesterday an ...
Worming a Way Into the Agriculture Sector
For 53-year-old farmer Ros Mao, it’s not just the early bird that catches the worm. The Takeo province farmer has raised millions of earthworms for eight years in Tram Trak district, selling the slimy red creatures and using the manure they create to grow his ...
Stocks Slow as CSX Sees First Day Without Trades
For the first time since the bourse went alive in April, no trading took place on the Cambodian Securities Exchange on Friday. The share price of the bourse’s sole listing, the Phnom Penh Water Supply Authority (PPWSA), remained flat at 6,450 riel ($1.58) at the end ...
Government Revenues Up 27 Percent in First Nine Months
The government collected more than $1.4 billion in revenues during the first nine months of the year, a 27 percent increase over the same period last year, figures released Thursday by the Ministry of Economy and Finance show. According to the Table of Government Financial Operations ...
http://www.cambodiadaily.com/business/government-revenues-up-27-percent-in-first-nine-months-6508/
Cargo shipments up 16 pct
The volume of cargo shipments going through the Sihanoukville Autonomous Port (PAS), the biggest deep-water port in Cambodia, saw a 16 per cent year-on-year increase in the first nine months of this year, data released by the port on Friday show. About 2.27 million tonnes of ...
May Kunmakara
http://www.phnompenhpost.com/business/cargo-shipments-16-pct
Cambodian PM, businessmen head to Nanning for 11th ASEAN-China Expo
Cambodian Prime Minister Hun Sen, accompanied by businesspeople and senior officials, flew to Nanning City of southwest China’s Guangxi province on Monday to attend the 11th ASEAN-China Expo. Senior officials accompanying the prime minister included Commerce Minister Sun Chanthol, Governor of the National Bank of Cambodia Chea ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-09/15/c_133643051.htm
Cambodia vows to contribute to China's "One Belt, One Road" initiatives
Cambodia, along with other ASEAN members, will make joint efforts to create an upgraded China-ASEAN Free Trade Area and contribute to the building of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, said a senior Cambodian official at the First ASEAN ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/china/2014-12/13/c_133852295.htm
Rise in Worker Numbers Heading to South Korea
An expected 4,500 Cambodians are expected to be working in South Korea by the end of the year, up from the estimated 2,915 according to the Ministry of Labour. The strong economy in Korea combined with a Buddhist background is a big draw for the ...
Public debt figures released
The government has borrowed $732.06 million in the form of concessional loans from development partners (DPs), amounting to 74.83 percent of the debt ceiling of Special Drawing Rights (SDR) approved by the National Assembly last year, according to the latest report on Cambodia’s public debt. ...
May Kunmakara
http://www.khmertimeskh.com/5084552/public-debt-figures-released/
Power projects aim to generate 4,000 megawatts by 2020
The government is carrying out 18 power projects to generate more than 4,000 megawatts of electricity by 2020, according to the Ministry of Industry, Mines and Energy. In its annual report, the ministry says Cambodia consumed 2,788 million kilowatt/hours in 2011. Thailand and Vietnam supplied 1,765 ...
Vietnam, Laos, Cambodia develop trade, tourism
The seventh investment–trade–tourism promotion conference for the Cambodia–Laos–Vietnam development triangle took place in the Central Highlands province of Kon Tum on December 5. The event attracted the participation of representatives from over 400 domestic and foreign businesses. Vietnam is investing in 50 projects worth close to ...
Tourism for fourth months of 2012
Report from tourism ministry said: in 2011, it gained 2.8 million tourist arrivals and harvested for 1.9 billion US dollars. For fourth months of 2012, we received over 1, 272,514 foreign tourists, an increase of over 27 percent if comparing the same period of last year. Tourism industry offered direct jobs of 350,000. Ministry urged to ...
Cambodia's economy to grow by 7 pct in 2013: finance minister
Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday. He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction. Last year, Cambodia’s GDP per capita was nearly 1,000 ...
http://news.xinhuanet.com/english/business/2013-03/29/c_132271714.htm
Cambodia's new business registrations drop 12 pct in 2013
Cambodia had issued operating licenses to 2,988 new companies last year, down 12 percent from 3, 386 in a year earlier, according to the Ministry of Commerce on Wednesday. Of the 2013 new business registrations, foreign businesses registered 1,448, down 9 percent, while local registrations fell ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-01/22/c_133065203.htm
Japan to loan $383m to develop Sihanoukville Port
Cambodia and Japan have signed an agreement for Tokyo to provide up to $383 million in loans to expand Sihanoukville Autonomous Port’s terminal capability. ...
Chhorn Raksmey
https://kiripost.com/stories/japan-to-loan-383m-to-develop-sihanoukville-port
Prime Minister announces closure of casinos from April 1 and will hold meeting tomorrow to review the law that put country in emergency state
This morning, Prime Minister Hun Sen announced the closure of the casino, which will be implemented from April 1. He also announced that a meeting will be held on Tuesday to review the law that put the country in emergency state. ...
Niem Chheng
https://bit.ly/2UrrKAV
City’s Transportation Workers Protest High Gasoline Prices
About 100 tuk-tuk drivers, motorcycle taxi drivers, vendors and other informal transportation workers protested against the high price of gasoline yesterday at the National Assembly, claiming the high petrol prices are cutting into their small profits. Vorn Pao, president of the Independent Democracy of Informal Economy ...
Mfone’s Assets Sold For Hugely Reduced Price
The assets of bankrupt mobile operator Mfone, which owes creditors more than $160 million, have been sold to a single buyer for the bargain price of $10 million, a lawyer involved with the case said Monday. Khan Sereyvuthy, a legal adviser to the government-appointed administrator handling ...
Aun Pheap
http://www.cambodiadaily.com/business/mfones-assets-sold-for-hugely-reduced-price-46861/
Revenues Down at Pailin’s Dreamworld Casino
U.S.-listed firm Entertainment Gaming Asia’s (EGA) Dreamworld casino in Poipet province has seen revenue drop by almost 18 percent this year, according to financial results released by the company. Results issued on Thursday from Hong Kong said the casino, which opened in May 2012, made revenue ...
http://www.cambodiadaily.com/business/revenues-down-at-pailins-dreamworld-casino-39102/
Even stronger ties: Cambodia and Vietnam pledge to enhance cooperation for mutual benefit
Vietnam’s President and the Cambodian Government have reaffirmed their commitment to strengthening bilateral relations and cooperation, driven by a shared cultural heritage and principles of good neighbourliness. Both sides aim to expand and deepen their partnership for the betterment of their peoples and nations. ...
Soth Koemsoeun
https://www.khmertimeskh.com/501522664/even-stronger-ties-cambodia-and-vietnam-pledge-to-enhance-cooperation-for-mutual-benefit/