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Inflation Hits 7.1 Percent in June, Officials Say

Inflation reached 7.1 percent in June compared to the same month last year as consumer prices continued to rise in Cambodia, an official at the Ministry for Planning said yesterday. The release of the inflation figure comes after officials and the ministry said earlier this ...

http://www.camnet.com.kh/cambodia.daily/

Boeng Kak families sue - and sued by - government officials

Two-and-a-half weeks after excavators belonging to a CPP senator’s real estate firm demolished the homes of eight families fighting eviction from Phnom Penh’s Boeng Kak lake community, those families and the government officials charged with evicting them have taken their battle to court. A pair of ...

After Thai floods, flow of migrant labor soars

Thailand’s ongoing recovery efforts from recent flooding have led to a resurgence in the country’s demand for labor, resulting in a record number of Cambodian migrants crossing the border in search of work, officials and experts said yesterday. Ouk Keorattanak, Banteay Manteay provincial deputy administration chief, ...

In Need of Power, Phnom Penh Blacks Out

Rolling blackouts that plagued Phnom Penh this week were the result of the city’s power supply being unable to meet demand as the country moves into the hot season, officials at state-owned Electricite du Cambodge (EdC) said on Friday. Power Outages rolled over the city this ...

Violence in Land Disputes Up, Rights Group Says

A total of 36 protests involving economic land concessions ended with violent intervention from armed authorities last year, according to data released this week by local rights group Adhoc. More than a fifth of the cases involved the long-simmering Boeng Kak lake evictions, in which ...

PPWSA edges closer to IPO

As expected, the book-building phase for Phnom Penh Water Supply Authority’s initial public offering was significantly oversubscribed, the estimate being 17 times. Interested investors had the opportunity to bid at a price  no lower than 4,050 riel a share, and at a maximum of 6,350 riel ...

http://www.phnompenhpost.com/index.php/2012032855274/Business/ppwsa-edges-closer-to-ipo.html

Rice exports to China still under last year’s quota: CRF

China has not yet purchased milled rice from Cambodia for the period 2019-2020, with the country still trying to fulfill its quota for the year 2018. Kao Thach, CEO of Rural Development Bank (RDB), told Khmer Times that Cofco – China’s largest food processor, manufacturer and trader ...

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https://www.khmertimeskh.com/50664440/rice-exports-to-china-still-under-last-years-quota-crf/

Hey, waiter!

While tourism numbers in Cambodia are growing rapidly, visitors might increasingly have a hard time finding a restaurant to their liking since the country is experiencing a shortage of qualified personnel, especially waiters and chefs, accordingly to the Cambodia Restaurant Association. “The tourism industry needs at ...

Cambodia Import-Export The First Half Year Analysis

Although the Cambodian government has projected Gross Domestic Product (GDP) of around 7 percent this year, a bit higher than come other international financial organizations like the Asian Development Bank (ADB) and the International Monetary Fund (IMF), it does not mean that the country’s projection could not ...

http://www.cambizreview.com/

ASEAN push for integration

ASEAN economic ministers on Friday agreed to spur stronger cooperation and make more of an effort to enhance the region’s integration in preparation for the ASEAN Economic Community (AEC) in 2015. Speaking during the press conference on the closing of the 44th ASEAN Economic Ministers’ Meeting ...

http://www.phnompenhpost.com/index.php/2012090358439/Business/asean-push-for-integration.html

Focus on 'Secession' Trial Shifts Back to Mam Sonando

Independent radio station owner Mam Sonando mounted a spirited defense during the third and last day of testimony at the Phnom Penh Municipal Court yesterday in his trial for allegedly leading a secessionist group. At time raising his voice, waving his arms and grabbing his head ...

Changing a culture of impunity

Despite the recent spate of high-profile arrests and deportations, analysts, attorneys and civil society groups are divided on whether the Kingdom is finally beginning to live down its reputation as a haven for the fugitives and criminals who have long been drawn to the country ...

http://www.phnompenhpost.com/index.php/2012091958800/National-news/cambodia-is-not-the-criminal-haven-it-once-was.html

Two factories hope to list on CSX

The next two stocks to be listed on the Cambodia Securities Exchange will probably be Taiwan-owned garment factories, according to market insiders. The news comes as the lone listed stock on the Cambodia Securities Exchange declined slightly in value during the past month, dropping from an ...

http://www.phnompenhpost.com/index.php/2012091958787/Business/two-factories-hope-to-list-on-csx.html

Need for more transparency

GREATER transparency along the garment supply chain, from producers to buyers, is required in order to strengthen the accountability of retailers, factories and governments in protecting the rights of workers, Ou Virak, president of the Cambodian Center for Human Rights, said yesterday. Speaking in Phnom ...

http://www.phnompenhpost.com/2013022861656/Business/need-for-more-transparency.html

Cambodia Hosts 44th ASEAN Economic Minister Meeting

The 44th economic ministers (AEM) meeting and related meetings will be held from 25 August-1 September, 2012 in Siem Reap province. The ministers will focus on the economic community in 2015 and boost economic council to move forward  because this community is going smoother than other two ...

The arrival of the ASEAN Economic Community will likely be delayed

ASEAN leaders have proposed putting off the planned launch of the ASEAN Economic Community (AEC) until the end of 2015, instead of the beginning of that year, so each member state will have more time to prepare for the single market, according to Cambodian Commerce ...

De Castle Royal to​ be​ completed by 2014

The De Castle Royal Condominium project, which has been on hold for some time, has announced that it will go back on the market after gaining $28 million in loans from Canadia Bank, which will allow for the completion of the 32-storey-building. The general manager of ...

http://www.phnompenhpost.com/2013020761213/Real-Estate/de-castle-royal-to-be-completed-by-2014.html

Property Prices See First Rise Since 2009

Property prices in Phnom Penh are rising for the first time since 2009, growing by as much as 10 percent in some areas of the capital during the first quarter of the year, real estate experts said yesterday. After years of stagnation in the property sector ...

Garment Worker Demonstrations Pay Dividends

At the M&V International Manufacturing Factory in Kompong Chhnang province last week, 5,000 workers filed through the gates, sat behind their neat rows of sewing machines and refused to work. A year earlier, hundreds of female workers had fainted at the factory after complaining of ...

Police Clamp Down on Land Rights Meeting

Local authorities, including a heavily armed police officer, broke up a training session on land rights in Ratanakkiri province’s Lumphat district on Friday, claiming the two groups had no legal right to hold such a meeting. The move marks the second time in less than a ...

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