Interior Minister slams UNTAC
Interior Minister Sar Kheng has slammed the United Nations Transitional Authority in Cambodia (UNTAC) which organised the 1993 elections. He said there were irregularities under UNTAC’s supervision of the polls, and despite spending $2 billion to bring democracy and peace to the country, war still ...
Mech Dara
https://www.phnompenhpost.com/national/interior-minister-slams-untac
All-time high for Securities Exchange trading volume
The Cambodia Securities Exchange (CSX) recorded its highest ever trading volume on Monday, exchanging 2,150,535 shares with a total value of more than $4.43 million, according to a CSX press release. The previous record was 939,498 shares traded on July 5, 2017. ...
Hin Pisei
https://www.phnompenhpost.com/business/all-time-high-securities-exchange-trading-volume
Villagers demand $250 payout for land grab
Some 1,000 villagers on Tuesday blocked National Road 2 in Kandal province’s Kandal Stung district, each demanding compensation of $250 from the provincial authority for communal land they claim a former commune chief sold to a well-connected developer without their knowledge in 2008. ...
Kim Sarom
https://www.phnompenhpost.com/national/villagers-demand-250-payout-land-grab
Footwear protests continue into fourth day
More than 2,000 workers at King Maker Footwear Co continued protesting for a fourth day on Wednesday, as they demanded that 50 per cent of their salary be paid, after their jobs were suspended by the factory for a month due to a lack of ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/footwear-protests-continue-fourth-day
Kingdom’s first abattoir primed for Australian cattle
After a series of technical delays and setbacks, the Kingdom’s first industrial slaughterhouse is ready to begin operations and will start production upon receiving its first shipment of 2,000 heads of live Australian cattle in late May, the company behind the project said yesterday. ...
Kali Kotoski and Sor Chandara
http://www.phnompenhpost.com/business/kingdoms-first-abattoir-primed-australian-cattle
Analysts shrug off drop in approved investment
The government approved more than $1 billion worth of domestic and foreign direct investment in the first quarter of the year, down sharply from the $2.8 billion approved in the same quarter last year, figures released by the Council for Development of Cambodia (CDC) yesterday ...
May Kunmakara
http://www.khmertimeskh.com/news/24306/analysts-shrug-off-drop-in-approved-investment/
Cambodia announces 17% increase in 2016 defence budget
The National Assembly of Cambodia approved on 30 November a 2016 defence budget of USD383 million, a 17% increase against spending in 2015. The defence allocation amounts to around 9% of total government expenditure for the year and about 2% of GDP. ...
Jon Grevatt
http://www.janes.com/article/56333/cambodia-announces-17-increase-in-2016-defence-budget
Investment in construction reaches all-time high
Investment in the construction sector reached an all-time high last year at almost $3.5 billion, up about 40 percent from the $2.5 billion invested in the sector in 2014, according to data from the Ministry of Land Management, Urban Planning, and Construction. ...
Sum Manet
http://www.khmertimeskh.com/news/19955/investment-in-construction-reaches-all-time-high/
Election-focused NGOs get big slice of EU grants
The European Union (EU) last week announced this year’s recipients of 8.2 million euros ($8.9 million) in grants to civil society, with much of the money going to nongovernmental groups whose stated goal is to make the country’s elections more open and inclusive. ...
Maddy Crowell
http://www.khmertimeskh.com/news/20817/election-focused-ngos-get-big-slice-of-eu-grants/
Thai logistics set to step into Cambodia
JWD InfoLogistics Plc is planning to expand its business to the Cambodian market with the launch a real estate investment trust (REIT) worth 2 billion baht (about $56.4 million) this year to finance its expansion in ASEAN, according to a report in the Bangkok Post. ...
Sum Manet
http://www.khmertimeskh.com/news/21305/thai-logistics-set-to-step-into-cambodia/
Government to push fish farming
The government has set an annual target of producing 1.2 million tons of fish in farms within the next three years to support high local demand and to reduce the flood of imports from neighboring countries, according to the Ministry of Agriculture, Forestry and Fisheries. ...
Chea Vannak
http://www.khmertimeskh.com/news/28196/government-to-push-fish-farming/
Multimedia project gives help to young Cambodians braving the job market
The project Klahan9—from the Khmer word Klahan, meaning “brave”—is a multimedia initiative that aims to help youths make better decisions about their careers. The show is broadcast live on Sundays between 1pm and 2pm on FM103. ...
Revenue from business registration fees rises
Revenue from business registration fees rose 13 percent to about $2.4 million in the first 11 months of the year over the same period last year, with 4,076 businesses registering at the Commerce Ministry compared to 3,618 in the year-ago period, the ministry said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/18655/revenue-from-business-registration-fees-rises/
GIZ pumps euros into workplace inspections
In a bid to reassure European shoppers concerned with unfair labour practices, Germany’s state aid agency GIZ has pledged €1.2 million ($1.3 million) to a new program focused on enhancing Cambodia’s labour inspections system for the garment sector. ...
Charles Rollet
http://www.phnompenhpost.com/national/giz-pumps-euros-workplace-inspections
Garment, footwear exports on the rise
The total value of exports from the Kingdom’s garment and footwear industry increased sharply this first quarter by 39.1 percent to some $2 billion compared to about $1.5 billion in the same period last year, according to figures released by the Ministry of Commerce. ...
Sok Chan
http://www.khmertimeskh.com/news/26220/garment--footwear-exports-on-the-rise/
Monitor’s results CPP took about 50% at election
Transparency International (TI) Cambodia yesterday said that the ruling Cambodian People’s Party appeard to have won 49.4 percent of the nationwide popular vote on June 4 based on the stations it monitored, nearly six percentage points ahead of the CNRP’s 43.2 percent. ...
Ananth Baliga
http://www.phnompenhpost.com/national/monitors-results-cpp-took-about-50-election
CNRP claims voter fraud
The opposition Cambodia National Rescue Party (CNRP) will file a complaint with the National Election Committee (NEC) this week, alleging that more than 2,000 Vietnamese migrants have illegally registered to vote. According to party spokesperson Yim Sovann, the alleged registrations took place across southern Cambodia. ...
Pech Sotheary
http://www.khmertimeskh.com/news/31265/cnrp-claims-voter-fraud/
'Silent waterworld': Cambodian village submerged by floodwater from Chinese-built dam
Floodwater released from a hydroelectric dam has completely submerged a Cambodian village, turning it into a “silent waterworld”. The new Lower Sesan 2 Dam has unleashed a deluge of water on Srekor, in the northern province of Stung Treng, according to California-based campaign group International Rivers. ...
New MoU with Korea for tech centre
The Ministry of Industry and Handicraft will cooperate with two South Korean high-tech companies to establish a technology centre with the aim of facilitating the exchange of information on the development of optic cable technology. ...
Chea Vannak
http://www.khmertimeskh.com/5087660/new-mou-korea-tech-centre/
Government calls for more local products
Deputy Prime Minister Men Sam An has called for the greater use of local products in the tourism sector, as products from overseas that continue to supply the industry result in a 25 per cent loss in revenue for Cambodia’s US$2 billion-a-year tourism industry. ...
http://www.phnompenhpost.com/index.php/2012070457177/Business/government-call-local-products.html