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Local MFIs’ high-tech investment

The first time Leang Horng, a resident of Kandal province’s Saang district, made use of a micro-finance institution, a loan was the only service he needed. At that time, Horng had no idea about deposits or money transfers. But things have changed in the past few ...

http://www.phnompenhpost.com/2013022661599/Business/local-mfis-high-tech-investment.html

Mental Health Sector Severely Underfunded

The mental health sector faces a sever lack of funding that could ultimately undermine Cambodia’s development and the governemnt’s own health care goals, concludes a new report by the human rights law center at Fordham University in New York. In a comparative study on Cambodia’s mental ...

Reserve rate doesn't worry local banks

Bankers have raised no concerns over the National Bank of Cambodia’s increase to the reserve requirement rate in order to maintain the stabilization of cash flow and inflation during a time of global financial difficulty. The increase, from 12 to 12.5 per cent, issued late last month, was ...

http://www.phnompenhpost.com/index.php/2012102359366/Business/reserve-rate-doesnt-worry-local-banks.html

Cambodia faces risks from a credit boom, the IMF warns

The International Monetary Fund has warned that a credit boom in Cambodia poses a threat to economic growth. Banks have been cutting interest rates to win customers and private sector credit has increased by almost a third in the past 12 months, the fund said. This ...

http://www.bbc.co.uk/news/business-20954841

Effects of Last Year's Flooding Still Being Felt by Scavengers

Large dump trucks with beds full of rusted, twisted metal and aluminium canss rolled in, one after another, to unload their cargo at Phnom Penh’s largest scrap yard in Dangkao district. “All the metal must be exported because there are no recycling factories here [in Cambodia],” ...

http://www.phnompenhpost.com

Foreign activists detained

Police arrested five activists from labour-rights group Clean Clothes Campaign yesterday outside the E Garment factory in Kandal province. Neuv Sakhan, deputy director of the Kandal provincial immigration police, told the Post four women and one man, from Norway, Belgium, England and Austria, had been taken ...

http://www.phnompenhpost.com/2013030661780/National/foreign-activists-detained.html

Cambodia focuses on its fragrant rice

Prior to 2013, Dom Dorn, a farmer in Phnom Sruoch district of Kampong Speu province, used oxen to farm his white-rice paddies; now, after just his second harvest of sowing phkarmalis (also known as jasmine or fragrant rice), he is using a kor yun, or ...

http://www.phnompenhpost.com/2013040464877/Business/cambodia-focuses-on-its-fragrant-rice.html

IMF Says Cambodia’s Economic ‘Takeoff’ Not Yet Sustainable

Government action will be needed to ensure that nearly two decades of impressive economic growth continues in Cambodia, the International Monetary Fund (IMF) said in a report published Wednesday. In its 2013 World Economic Outlook, the IMF put Cambodia’s gross do­mestic product (GDP) growth for 2012 ...

http://www.cambodiadaily.com/business/imf-says-cambodias-economic-takeoff-not-yet-sustainable-18880/

Factories Asked to Voluntarily Assess Safety

The Garment Manufactures Association of Cambodia (GMAC) and International Labor Organization’s (ILO) Better Factories Cambodia yesterday asked factory owners to voluntarily conduct structural audits on their buildings in light of building collapses at two garment factories that killed two people and injured 23. “In the ...

http://www.cambodiadaily.com/news/factories-asked-to-voluntarily-assess-safety-27319/

Villagers Burn Down Soldiers’ Shelter on Disputed Land

Three members of the Royal Cambodian Armed Forces (RCAF) on Monday filed a complaint with police in Kompong Chhnang province, accusing irate villagers of torching a wooden shelter built for them by the well-connected KDC agro-industry firm. The soldiers have accused local residents, who have been ...

http://www.cambodiadaily.com/news/villagers-burn-down-soldiers-shelter-on-disputed-land-23790/

Hun Sen Orders Toxic Ice Factory Shut Down

Prime Minister Hun Sen said Saturday that he had ordered a Phnom Penh ice-making factory to shut down, after pungent chemical emissions from the plant in Russei Keo district caused more than 100 nearby residents to be hospitalized with breathing problems on Friday. At least 20 ...

http://www.cambodiadaily.com/news/hun-sen-orders-toxic-ice-factory-shut-down-23617/

Agriculture needs more loans, irrigation systems, experts say

Accessing low-interest loans for rice cultivation is a challenge because the industry in Cambodia is dependant upon rainfall and not irrigation and is thus more risky, experts said last week. In a meeting on the private sector development in the rice sector, Lim Heng, vice president ...

http://www.phnompenhpost.com/2013052065704/Business/agriculture-needs-more-loans-irrigation-systems-experts-say.html

Flood forces Cambodia to cancel Water Festival

Cambodia announced Sunday to cancel the annual Water Festival next month since the country has been hit hard by Mekong flash floods, the government said in a statement on Sunday. “This year, Mekong floods have been severely hitting Cambodia, claiming human lives and inundating houses, schools, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/06/c_132775489.htm

Baby saved from ‘traffickers’

A 7-month-old baby, a woman and two men en route to Malaysia were rescued from two alleged traffickers near the Cambodia-Thai border in Banteay Meanchey’s Poipet town, police said yesterday. Heng Chhun, 48, and Som Na, 38, will face charges related to human trafficking, Prum Sonthor, ...

Sen David
http://www.phnompenhpost.com/national/baby-saved-%E2%80%98traffickers%E2%80%99

Another construction worker killed

An 18-year-old man became the third construction worker in three days to be killed on the job after part of a building collapsed on him and three co-workers – including two 15-year-olds – on Monday, police said. Yu Bunrong, from Kampong Cham province’s Koh Sotin district, ...

http://www.phnompenhpost.com/national/another-construction-worker-killed

Number of Dengue Cases Drops From Last Year

Fifty people have died from dengue fever in the first 10 months of this year, a decrease of 72 percent on the same period last year when 176 deaths were recorded, the National Center for Parasitology, Entomology and Malaria Control said Monday. Continuing a month-on-month trend, ...

Eang Mengleng
http://www.cambodiadaily.com/news/number-of-dengue-cases-drops-from-last-year-46859/

Amid Outpouring of CPP Support, CNRP Calls Another Rally

With the opposition CNRP set to hold a rally at their party headquarters in Kompong Cham province Sunday, the CPP government deployed hundreds of police and military police to the area as ruling party supporters staged a rival rally, forcing opposition leaders to call off ...

Phorn Bopha and Mech Dara
http://www.cambodiadaily.com/news/amid-outpouring-of-cpp-support-cnrp-calls-another-rally-51050/

Social land concessions climb

More than 40 fresh land rows have emerged across the country – and many more could be going unreported, the Cambodian Center for Human Rights (CCHR) said yesterday. A study CCHR conducted into land conflicts between 2011 and 2013 has resulted in the rights group publishing ...

Shane Worrell
http://www.phnompenhpost.com/national/social-land-concessions-climb

Australian PM confirms asylum seeker request

Australian Prime Minister Tony Abbott on Friday confirmed that Cambodia was in talks with his government to take in some of the refugees trying to reach his country’s shores, according to Australian media. Mr. Abbott’s statement was the first official admission from his administration that Australia ...

Zsombor Peter
http://www.cambodiadaily.com/news/australian-pm-confirms-asylum-seeker-request-55850/

Back on timber patrol

When Cambodia’s most prominent forest activist, Chut Wutty, was gunned down in April 2012, the community network he created to sabotage the rampant deforestation of this vast forest fragmented. The forest patrols that he organised nearly ground to a halt. Without money to fund large-scale expeditions, ...

May Titthara and Daniel Pye
http://www.phnompenhpost.com/national/back-timber-patrol

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