Hun Sen talks poverty
Prime Minister Hun Sen has outlined Cambodia’s strategy for tackling poverty in a keynote speech to a United Nations forum in Beijing marking the 2015 International Day for Eradication of Poverty.Addressing the gathering of leaders on Friday, the premier lauded the 1 billion people brought ...
Zoe Holman
http://www.phnompenhpost.com/national/hun-sen-talks-poverty
Approved construction investments up 30 per cent in 2015
Investment in the construction industry in 2015 amounted to $3.3 billion – a 33.14 per cent increase from the same period in 2014, which was only $2.5 billion.Seng Lot, spokesperson for the Ministry of Land Management, Urban Planning and Construction (MLMUPC) said on Tuesday that ...
Siv Meng
http://www.phnompenhpost.com/real-estate/approved-construction-investments-30-cent-2015
Government plugs rubber switch
The government is seeking intrepid smallholder farmers to pilot a project that would transform 6,000 hectares of cropland in two provinces into a patchwork of small rubber plantations.The Ministry of Agriculture is eyeing 5,000 hectares of land in Ratanakkiri and 1,000 hectares in Battambang for ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/government-plugs-rubber-switch
PPAP profit nears $9M in first nine months of 2019
Cambodia Securities Exchange- (CSX-) listed Phnom Penh Autonomous Port (PPAP) reported $8.97 million in net profit during the first nine months of this year – up 46.9 per cent from $5.98 million during the same period last year. ...
Hin Pisei
https://www.phnompenhpost.com/business/ppap-profit-nears-9m-first-nine-months-2019
National economy experiencing robust growth: WB
The bank’s Cambodia Economic Update Report released yesterday said that Cambodia’s real growth of Gross Domestic Product (GDP) is forecast to decelerate to 7 percent in 2019, down from 7.5 percent in 2018. ...
Sok Chan
https://www.khmertimeskh.com/50664637/national-economy-experiencing-robust-growth-wb/
Verdict Due in Kandal Judge Corruption Case
The Kandal Provincial Court on Friday tried a former provincial judge, Huoth Heang, and his clerk, Lim Kompheak, both of whom stand accused of corruption. On January 20, Anti-Corruption Unit (ACU) officials arrested Judge Heang during a sting operation in which the judge was caught accepting a ...
NagaCorp Holds Ground Breaking Ceremony for Naga2 Development
NagaCorp Ltd. (“NagaCorp” or the “Company”, SEHK stock code: 3918), the largest hotel, gaming and leisure operator in Cambodia, held the official ground breaking ceremony yesterday for Naga2, a large-scale mixed-use expansion that will be completed by 2015. Situated 200 meters from the existing NagaWorld, ...
Thousands Protest, Claiming Unpaid Salaries
Thousands of employees of two Singaporean-owned Yung Wah Industrial (Cambodia) Co.Ltd. factories, which produce shirts for Gap Inc. among other international brands, went on strike yesterday in Kandal province, claiming that they were not paid their salaries for last month. “Normally, salaries are paid between the ...
MOUs to tighten Chinese trade ties
Cambodia’s Power Partner Profit Group has signed 10 memoranda of understanding with Chinese companies for cooperation on agriculture, mineral resources and electronics. Insiders said the penning of the MoUs, which do not guarantee a final agreement, was another step toward realising a US$5 billion bilateral trade ...
Malaysia - Cambodia Trade And Investment Performance 2011
Cambodia and Malaysia trade and investment are increasing subsequently as the two members of ASEAN are trying to boost the integration for ASEAN community in 2015. The report from the embassy of Malaysia here said: as for trade performance in 2012, for the first quarter of 2012, Malaysia recorded an increase of 5.32 percent. Total trade ...
Trade Reached $11.17B In First Ten Months
Total trade in Cambodia reached $11.17 billion from January through October, an 18.1 percent increase compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Khon Savuth, chief of statistics at the ministry’s Camcontrol department said that the ...
Opposition party calls for land concession tax raise
Opposition party whip Son Chhay reiterated his call at a press conference yesterday for the government to raise taxes on economic land concessions from $5 to $7 a hectare up to $70 through an amendment to the draft of the 2013 budget. The Sam Rainsy Party ...
http://www.phnompenhpost.com/index.php/2012120560103/National-news/up-land-concession-tax-srp.html
Bank of China launches dual currency ATM card
The Bank of China launched the first dual currency international bank card yesterday, part of a move to expand in the local market by offering both US dollar and Renminbi accounts on a single card. People can get the card for a deposit of US$10 at ...
China’s appetite for rubber increasing
Natural rubber consumption in China, Cambodia’s largest rubber market, is expected to rise by 7.2 per cent in 2013 after growing by 4.5 per cent last year, according to the Singapore-based International Rubber Study Group (IRSG). Demand in North America was expected to grow 4.2 per ...
http://www.phnompenhpost.com/2013012460966/Business/china-s-appetite-for-rubber-increasing.html
Conservation Efforts Boost Crab Production
Improved quality coupled with growing international demand has sent crab prices escalating over the past year, officials said on Wednesday. In some provinces, the price has jumped as much as 66 percent during the past 12 months. Lang Kery, chief of the Koh Kong provincial Fishery Administration’s ...
Cambodia Posts 29 pct Rise In Large-Scale Factories Last Year
The number of large-scale factories in Cambodia has increased by 29 percent to 907 in 2012, Minister of Industry, Mine and Energy Suy Sen said Thursday. Those large-scale enterprises employed 559,600 employees last year, a 38 percent increase from 403,560 a year earlier, he said ...
http://www.asean-china-center.org/english/2013-03/28/c_132269109.htm
R’kiri minorities say land’s sale improper
Fifty Tampuon ethnic minority families protested yesterday in front of the Soeung Commune Hall in Bakeo district against their commune chief, who they allege sold land that belonged to the Ratanakkiri community. In a complaint filed to rights group Adhoc yesterday, the families claim that commune ...
http://www.phnompenhpost.com/2013031962012/National/r-kiri-minorities-say-land-s-sale-improper.html
Delay Sesan dam: villagers
Villagers who will be displaced if the controversial Lower Sesan II dam is built called on the developers yesterday to postpone construction for five years, allowing time for a comprehensive resettlement scheme to be devised. But a government official dismissed their request as “beyond the pale”, ...
Phak Seangly and Daniel Pye
http://www.phnompenhpost.com/national/delay-sesan-dam-villagers
Questions over spending plan
The Council of Ministers on Friday approved a new five-year National Strategic Development Plan (NSDP) – the guiding policy document used by the government – requiring an estimated $26.58 billion in spending and investment, or more than $5.3 billion a year, until 2018. The plan ...
May Kunmakara and Kevin Ponniah
http://www.phnompenhpost.com/national/questions-over-spending-plan
Cambodia hosts int'l half marathon at Angkor world heritage site
About 8,000 professional and amateur athletes from 78 countries and regions took part in the 19th Angkor Wat International Half Marathon on Sunday at the complex of Angkor Wat Temple, a world heritage site. Cambodian Tourism Minister Thong Khon, president of the National Olympic Committee, said ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/sports/2014-12/07/c_133837828.htm