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Economic changes needed, says ADB

A lead economist working with the Asia Development Bank (ADB) has said that Cambodia needs to rethink its economic model, which is heavily based on export-driven growth, as it prepares to shed least developed country (LDC) status, a transition that is expected to take place by ...

May Kunmakara
http://www.khmertimeskh.com/5084612/economic-changes-needed-says-adb/

Stung Treng border brigade unveiled

The government on Saturday inaugurated a new Royal Cambodian Armed Forces brigade to serve a disputed part of the Cambodia-Laos border. Defence Minister General Tea Banh presided over a ceremony to mark the establishment of infantry brigade 128, which comes under the control of RCAF’s ...

Khy Sovuthy
http://www.khmertimeskh.com/5088220/stung-treng-border-brigade-unveiled/

GMS to enhance cooperation

With leaders from the Greater Mekong Sub-region gathering next week in Phnom Penh for a new summit on Lancang-Mekong Cooperation, leading political thinkers and researchers say the LMC mechanism plays a crucial role in enhancing economic cooperation in the region and complements the work being ...

Chea Vannak
http://www.khmertimeskh.com/50100170/gms-enhance-cooperation/

China and Mekong states sign 5-year plan for cooperation, but details remain undisclosed

The leaders of Cambodia, Vietnam, Myanmar, Thailand and Laos, along with Chinese Premier Li Keqiang, announced the adoption of a five-year plan for cooperation on matters relating to the Mekong River, though experts and observers yesterday questioned who would benefit from China’s increasing involvement in ...

Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/china-and-mekong-states-sign-5-year-plan-cooperation-details-remain-undisclosed

Tea Banh leads war of words

The Defence Minister has threatened to destroy Sam Rainsy’s Cambodia National Rescue Movement if it attempts to cause trouble in the country, while the Cambodian Nationality Party has called on people not to join the “illegal” group. General Tea Banh made the comments at the Defence ...

May Titthara
http://www.khmertimeskh.com/50103931/tea-banh-leads-war-of-words/

Cambodia's central bank launches national clearing system

The National Bank of Cambodia (NBC) on Wednesday officially launched the country’s national clearing system in order to increase efficiency and expand clearing and settlement services for inter-bank transactions. A central bank statement said that the central system can clear and settle payment instruments such as ...

http://news.xinhuanet.com/english/world/2012-12/12/c_132036029.htm

TTY to open $6m rice milling plant in 2013

Cambodian-owned TTY corporation will invest US$6 million in a rice milling plant in Kampong Speu province, company officials said yesterday. Heng Sarath, TTY deputy director, said the factory would be built on national road 6, and would mill 20 tonnes of rice per year. Construction is ...

http://www.phnompenhpost.com/index.php/2012051656175/Business/tty-to-open-6m-rice-milling-plant-in-2013.html

Cambodia reports trade deficit of $1.1 b in first 5 months

Cambodia recorded a trade deficit in equivalent to 1.1 billion US dollars in the first five months of this year, according to a report of the Commerce Ministry on Saturday. During January-May period this year, the report showed that the country’s total import and export value ...

http://www.globaltimes.cn/content/715292.shtml

Two people killed as mine collapses

Police officials said yesterday two people had died when a Mondulkiri gold mine collapsed on Saturday, but that neither of them worked for the mining company that owns it. Provincial police chief Nhem Vanny said two men aged 25 and 30, had died in a ...

http://www.phnompenhpost.com/index.php/2012111459728/National-news/two-people-killed-as-mine-collapses.html

Widening emissions gap too high for climate tackle: report

As nations meet at the 2012 United Nations Climate Change Conference in Doha today, the greenhouse-gas emissions gap is widening, according to a report by the UN Environment Program (UNEP) released  last week. Keeping the global average temperature rise below two degrees Celsius requires that action ...

http://www.phnompenhpost.com/index.php/2012112659931/Business/widening-emissions-gap-too-high-for-climate-tackle-report.html

Hun Sen says CPP will never tax farmland

Prime Minister Hun Sen has said the ruling Cambodian People’s Party (CPP) will never tax farmland. “It would burden our farmers,” he said in Takeo Sunday. “Although national revenue that comes from land taxes is spent on building roads, water systems, hospitals and  schools, we still ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTMzNzliODJmMGQ0OWIxOWEzZTU0MGJjYmQ3Nzg0

Mesco, Angkor to mine gold

Mesco Gold, an associated company of India-based Mesco Steel, will sign an agreement with Angkor Gold to mine the Phum Syrang prospect on one of its economic land concessions in Ratanakkiri province. “We’ve been exploring the area since 2006. We’ve been drilling holes and there’s ...

http://www.phnompenhpost.com/2013011860848/Business/mesco-angkor-to-mine-gold.html

Coca-Cola, Smart Mobile again team up for top-ups

Coca-cola and Smart Mobile have teamed up in a joint promotion to give away $1 million worth of prizes, including top-up minutes and 25 Samsung Galaxy S3 smartphones using numbers printed under bottle caps of Coca-Cola, Fanta and Sprite. The promotion started on November 1 ...

http://www.phnompenhpost.com/index.php/2012112059834/Business/coca-cola-smart-mobile-again-team-up-for-top-ups.html

No talks at shoe factory worker strike

A union representative in the Kandal province of Cambodia, said there had been no negotiations with management since workers struck Nov. 15 for better pay. The Phnom Penh Post reported Tuesday that the union estimates 1,000 workers are on strike, but management at the Global ...

http://www.upi.com/Business_News/2012/11/27/No-talks-at-shoe-factory-worker-strike/UPI-88681354049039/

Cambodia collects 470 mln USD in tax in first half of 2013

Cambodia’s General Department of Taxation said Tuesday that it had collected 470 million U.S. dollars of tax in the first six months of this year, up 21 percent compared with the same period last year. The country earned the tax of 740 million U.S. dollars ...

http://news.xinhuanet.com/english/world/2013-07/09/c_132525765.htm

Electronic banking to ‘Help fight corruption’

Civil servants living in Phnom Penh will have wages paid into Canadia Bank accounts starting this week, Moth Kiev, secretary of the Ministry of Social Affairs, said on Friday. The children of retired and disabled civil servants who have died will receive payments directly from ...

Sen David
http://www.phnompenhpost.com/national/electronic-banking-%E2%80%98help-fight-corruption%E2%80%99

Korean deal gives palm sugar farmers pay day

Palm sugar farmers in Kampong Speu province will soon export their goods to South Korea, the senior officer of a grower’s network said on Monday. Sam Saroeun, president of the Kampong Speu Palm Sugar Promotion Association, said an agreement with the Korea Trade Investment Promotion Agency ...

Chan Muy Hong
http://www.phnompenhpost.com/business/korean-deal-gives-palm-sugar-farmers-pay-day

Opposition Senators To Boycott Budget Debate

Eleven senators supporting the opposition Cambodia National Rescue Party say they will not take part in a Senate session on Thursday scheduled to debate the 2014 budget. Opposition senators say they will not endorse a budget that did not go through proper parliamentary procedure and ...

Heng Reaksmey
http://www.voacambodia.com/content/opposition-senators-to-boycott-budget-debate/1794206.html

Four alleged loggers shot by Thai soldiers

At least four people were injured, one seriously, after Thai soldiers shot them as they allegedly illegally logged the Thai side of the Preah Vihear border on Wednesday. The injured men were part of a group of eight from Preah Vihear province’s Choam Ksan district, provincial ...

Sen David and Phak Seangly
http://www.phnompenhpost.com/national/four-alleged-loggers-shot-thai-soldiers

Bus company sues strikers

After grappling with weeks of on-again, off-again strikes, the Phnom Penh Sorya Transportation bus firm has filed complaints against 20 former employees for incitement, making threats and using the company uniform without permission. General manager Chan Sophanna said yesterday that the company filed the complaints to ...

Mom Kunthear
http://www.phnompenhpost.com/national/bus-company-sues-strikers

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