Striving to make finance accessible
Access to finance could reduce violence, empower the most vulnerable in society and improve the livelihoods of Cambodia’s poorest people, a conference on community-led funding heard on Wednesday. Sarah Sitts, country manager of the international NGO Pact, introduced the funding model of savings-led micro-finance (SLMF). In ...
http://www.phnompenhpost.com/2013032964776/Business/striving-to-make-finance-accessible.html
Food prices up 1.6 pct in April
Cambodia saw a one per cent rise in inflation in April compared with the same month last year, according to the latest data from the National Institute of Statistics (NIS). Sim Ly, an official at the NIS said there was a slight increase in food and ...
http://www.phnompenhpost.com/2013070566683/Business/food-prices-up-1-6-pct-in-april.html
MFone workers told to wait
Former employees of the failed telecommunications company MFone have been told they can expect a decision next month on their claims for more than $4 million in compensation. Former Mfone section manager Bou Kunthea said after a meeting yesterday with offic-ials from the Ministry of Social ...
http://www.phnompenhpost.com/2013032062036/Business/mfone-workers-told-to-wait.html
Majority of Unions Reduce Wage Demands
Six of the 10 labor unions negotiating with the country’s garment manufacturers over a new minimum wage for factory workers dropped their demands yesterday to $73 per month, breaking previous commitments by unions to stand at $91. Ken Loo, secretary-general of the Garment Manufacturers Association ...
Satellite system will save fuel and routes
Phnom Penh International Airport’s navigation system will be upgraded today with the installment of a new satellite-based system that aims to improve efficiency and reduce fuel usage, an aviation official said. Chhun Sivorn, director of the Air Navigation Standards and Safety Department of the State Secretariat ...
http://www.phnompenhpost.com/business/satellite-system-will-save-fuel-and-routes
No consensus on next move in SL drama
After the management of an embattled garment factory this week refused to follow a government order to reinstate 19 dismissed union leaders and activists, unionists and observers are at a divergence of opinion over how the state should respond. “It’s fairly unprecedented,” Dave Welsh, country director ...
Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/no-consensus-next-move-sl-drama
GDCE collects more than 1 billion state revenue in first 9 months
The General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance has collected around 4,649 billion Riel or some US$1.11 billion state revenue for the first nine months of 2015, according to the state news agency-AKP. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/gdce-collects-more-than-1-billion-state-revenue-in-first-9-months-9024
Cambodian state-owned telecom firm sees 5% revenue drop in H1
The state-owned Telecom Cambodia reported a 5 percent decline in revenues in the first half of this year due to tough competition in the country’s telecommunication industry, company director general Lao Saroeun said Friday. During the January-June period this year, the firm earned a gross revenue ...
http://news.xinhuanet.com/english/business/2012-08/17/c_131792460.htm
King: Chea Sim to be acting head of state during his absence
The King His Majesty Norodom Sihamoni issued a Royal letter today to inform his people that he and his mother, Her Majesty Norodom Monineath Sihanouk, would be out of the country from tomorrow and Chea Sim, the President of the Senate, will serve as the ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=11&token=NjNlMDliYjdmZmV
Cambodian secretary of state of commerce chaired the CLMV meeting in Malaysia
The Seventh Cambodia – Lao PDR – Myanmar – Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 25 August 2015 in Kuala Lumpur, Malaysia, according to ASEAN secretariat’s press release.The Meeting was chaired by H.E. Mr. Pan Sorasak, Secretary of State for Commerce, ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/cambodian-secretary-of-state-of-commerce-chaired-the-clmv-meeting-in-malaysia-8884
Mobile Banking Services On A Rise
F1soft Company, a software service provider that makes banking transactions available via phone, had commenced operations in Cambodia, company officials said yesterday during a workshop. Sean Thorninn, a lecturer in economics at the Limkokwing University and expert in Cambodia’s landscape of microfinance institutions (MFI), told ...
http://www.phnompenhpost.com/2013050765437/Business/mobile-banking-services-on-a-rise.html
Failed students weigh future
As the new public school year gets under way this week, grade 12 students reeling from en masse failure at the national exam have a choice to make: repeat their grade or forfeit their diploma. In total, just 33,997 test-sitters, or 40.6 per cent of ...
Laignee Barron and Sen David
http://www.phnompenhpost.com/national/failed-students-weigh-future
Cambodia’s Defense of Rights Record at UN Review Slammed
Foreign donors should push Cambodia’s government to end its human rights abuses as part of its bid to maintain political control of the nation, a rights group said Wednesday, after Phnom Penh allegedly snubbed recommendations by foreign governments to improve the country’s rights record. Representatives of ...
Joshua Lipes
http://www.rfa.org/english/news/cambodia/review-07022014161641.html
UN urges Cambodia to hold companies to account over land disputes
Companies that have seized land, confiscated livestock and destroyed homes and property have gone unpunished, the UN special rapporteur for Cambodia has said. Surya Subedi, professor of international law at Leeds University, said all the communities he had met raised the issue of misconduct by ...
http://www.guardian.co.uk/global-development/2012/may/14/un-cambodia-companies-land-disputes
Cambodia sees 2.65 bln USD trade deficit in 2012
Cambodia recorded a trade deficit of 2.65 billion U.S. dollars in 2012, according to the government’s statistics on Wednesday. The country’s total import and export volume had reached 13.63 billion U.S. dollars last year, up 19 percent from 11.48 billion U. S. dollars in a year ...
http://news.xinhuanet.com/english/business/2013-01/09/c_132091653.htm
Riot Police Stop March on Last Day of Summits
A group of roughly 100 anti-eviction protestors were blocked by riot police yesterday from marching to Prime Minister Hun Sen’s Peace Palace to appeal to U.S. President Barack Obama for help in reforming Cambodia’s land rights policy. The protest, which took place at the Boeng Kak ...
Cambodia Real Estate Could Benefit From QE3
Cambodia’s highly dollarized economy could benefit from a rush of foreign capital into Asia unleashed by the U.S. Federal Reserve’s latest economic stimulus, unlike some of its Asian neighbors, as it lifts demand for real estate and garment exports in the developing country, a senior ...
http://online.wsj.com/article/SB10001424127887323894704578106160673901682.html?mod=googlenews_wsj
Cambodian parliament passes fire prevention law
Cambodia’s National Assembly on Tuesday adopted a draft law on fire prevention with jail term punishment for arsonists, neglected firefighters, and false information providers on fires. Ninety-four out of ninety-seven lawmakers, who were present at the session, passed the law, saying it would help maintain security, ...
http://news.xinhuanet.com/english/world/2013-05/07/c_132365226.htm
Gov’t Unveils Legal Plan to Break Garment Industry Strike
As mass demonstrations by garment factory workers continued Monday, the government laid out plans to bring an end to the labor unrest within the next three days, including suing union leaders in the courts and mobilizing security forces to take unspecified action. Signed by Council ...
Aun Pheap and Colin Meyn
http://www.cambodiadaily.com/news/govt-unveils-legal-plan-to-break-garment-industry-strike-49763/
Cambodia eyes to become region's prominent gems, jewelry market
Cambodia has eyed to become a precious stone and jewelry hub in Southeast Asia region in the near future, Minister of Commerce Cham Prasidh said Thursday. Speaking at the opening of the 5th international gems and jewelry fair here, the minister said that with the fast ...
http://news.xinhuanet.com/english/business/2013-06/13/c_132452793.htm