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Bets keep flowing as NagaWorld Employee Protest Continues

Gambling went on as usual at NagaWorld, Phnom Penh’s only licensed hotel-casino, Monday, despite an ongoing strike by employees who claim that more than 400 of them have been fired following weeks of protest. About 300 workers sat outside the casino with banners on Monday in ...

Hul Reaksmey and Simon Lewis
http://www.cambodiadaily.com/news/bets-keep-flowing-as-nagaworld-employee-protest-continues-31881/

Task of Obtaining Passport Is Adding To Illegal Migration Problem

Thousands of Cambodians cross the border via illegal checkpoints into Thailand every year. Some end up working in slave-like conditions on illegal fishing trawlers. Others work in factories while getting paid under the table. It is often a last resort fraught with danger and uncertainty and ...

http://www.cambodiadaily.com/news/task-of-obtaining-passport-is-adding-to-illegal-migration-problem-30629/

Flights planned from Beijing to Siem Reap, Phnom Penh

Chinese flag carrier Air China is expected to launch the first non-stop flights from Beijing to Cambodia as early as November this year, officials said yesterday. Director of the Air Transport Department of Cambodia’s State Secretariat of Civil Aviation, Vann Chanty, said that officials from ...

http://www.phnompenhpost.com/2013062766508/Business/flights-planned-from-beijing-to-siem-reap-phnom-penh.html

Real Wages in Garment Sector Fell Over 10 Years

Wages for Cambodian garment workers decreased by more than 20 percent in real terms between 2001 and 2011 despite the industry’s exponential increase in exports, which in 2012 were valued at more than $4 billion, according to a recent report by a U.S.-based workers advocacy ...

http://www.cambodiadaily.com/news/wages-in-garment-sector-fell-22-over-10-years-34788/

Ethnic Minorities File Illegal Logging Complaint

A group of 12 ethnic minority villagers in Ratanakkiri province have filed a complaint with the provincial court over what they claim is collusion between other villagers and local authorities to illegally log luxury timber from 193 hectares of land inside a community forest. The Prov ...

Aun Pheap
http://www.cambodiadaily.com/news/ethnic-minorities-file-illegal-logging-complaint-42145/

New Association to Take on Illegal DVD Sales

The Motion Picture As­sociation of Cambodia (MPAC), an independent body that aims to protect intellectual property, officially opened its doors Wednesday, vowing to put an end to the sale of pirated DVDs in Phnom Penh as its first order of business. “We are goingto serve everybody ...

Ben Woods
http://www.cambodiadaily.com/news/new-association-to-take-on-illegal-dvd-sales-48122/

ADB sees strong growth for developing Asia in 2015 and 2016

Developing Asia will maintain its strong economic growth in 2015 and 2016 supported by soft commodity prices and recovery in the major industrial economies, says a new Asian Development Bank (ADB) report. ADB’s flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today, forecasts developing ...

The Cambodia Herald​ News Staff
http://bit.ly/1DWutVM

Building Boom Causes Asian Sand Smugglers to Expand

Singapore’s decades-long effort to reclaim land from the ocean has expanded the nation’s coastline and fueled its building boom. But it has also depleted its supply of sand.  In recent years, the massive sand shortage has been worsened by export bans by neighboring countries, driving ...

http://www.voanews.com/khmer-english/news/Building-Boom-Causes-Asian-Sand-Smugglers-to-Expand-130129248.html

Four More Named in Fertilizer Embezzlement Scandal

An official from Battambang province’s department of agriculture who was charged last Monday with embezzling $200,000 from the illegal sale of fertilizer donated to the poor by Japan has implicated four other officials in the case, including the son of senior CPP lawmaker Cheam Yeap, ...

Eang Mengleng
http://www.cambodiadaily.com/news/four-more-named-in-fertilizer-embezzlement-scandal-41913/

Cambodia to feel an energy crunch, but growth to remain stable: report

Energy demand in Southeast Asia is expected to increase by more than 80 per cent by 2035, fuelling some $240 billion in oil spending, a new report from the International Atomic Energy Association (IAEA) shows. In its “Southeast Asia Energy Outlook” published yesterday, the Paris-based IAEA ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/cambodia-feel-energy-crunch-growth-remain-stable-report

Congressional Hearing in US Pushes Cut to Cambodian Aid

At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcom­mittee ...

http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/

Cassava

Cassava is a significant contributor to the agricultural sector in Cambodia. The planting, harvesting, processing and export of cassava provides jobs and livelihoods for thousands of Cambodians. Cassava is a significant cash crop for Cambodian farmers.1  Cassava production in Cambodia has increased substantially since 2006. ...

Unions set to begin first phase of nationwide strike

A coalition of 18 labor unions and associations is today set to begin the first phase of a nationwide labor strike in the garment sector by calling on workers in about 100 factories to boycott working overtime, according to union leaders. Despite efforts by the government ...

Mech Dara
http://www.cambodiadaily.com/news/unions-set-to-begin-first-phase-of-nationwide-strike-52989/

Low salaries stifle education reform efforts

Sao Sothy’s home is small and the furniture is sparse. There are no tables or chairs. In one room, there is a small bed, but her family of four sleeps on mats in the living room. Hanging on the otherwise bare walls is Ms. Sothy’s ...

Emily Wilkins and Sek Odom
http://www.cambodiadaily.com/news/low-salaries-stifle-education-reform-efforts-56752/

Procurement

“Stopping corruption may start from us” (Khmer version on Clean Hand poster), in Kratie province, Cambodia. Photo by World Bank Photo Collection, taken on November 22, 2006. Licensed under CC BY-NC-ND 2.0In Cambodia, the activities of buying goods, construction work, repairs, and services and consultation ...

Securities exchange (stock market)

Starting from 2001, work began on promoting the formation of a Cambodian Stock Exchange (CSE or CSX) as a means of supporting the economic system in Cambodia’s development. A stock exchange facilitates the buying and selling of stocks among investors. Dr. Bit Seanglim, Chairman of ...

PHNOM PENH CONDOMINIUM MARKET IS BOOSTED BY HIGH SALES RATES, PROMPTING FURTHER CONSTRUCTION

The condominium market in Phnom Penh is still very much within its early stage of development and thus is unlikely to flourish until there is a cultural shift towards owner occupants relocating to condominium developments within the city. This however will be heavily dependent on the ...

Cambodian Business Review Staff, P.18
http://www.cambisreview.com

CAMBODIA HOSTED 7TH ASIA ECONOMIC FORUM

Cambodia, on Saturday, hosted the 7th Asia Economic Forum ( AEF) under theme of “The Asian Century in the Making: Achievements, Challenges and Future Trends” while highlighting the majority of the region’s demonstrated remarkable resilience against the global economic and financial crises, while major superpowers ...

http://thesoutheastasiaweekly.com/?p=1305

Electricity production

In Cambodia, electricity demands have been forecast to grow at 17.9 percent annually from 2012 to 2020.117 Distribution of electricity around the country has been a challenge: according to UN data, 79 percent of people live in rural areas,118 and the entire national population had grown ...

Exchanges provide windows to economies

Stock market a good choice for long-term investors Stephen Hsu, a native of Taiwan, runs Phnom Penh Securities, one of a dozen underwriters licensed by the SECC to prepare companies for IPOs on the CSX and to engage as an intermediary with the public for trading ...

http://www.phnompenhpost.com/index.php/Special-Reports/exchanges-provide-windows-to-economies.html

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