Cambodia, Among Others, Feeding China's Demand for Timber
The growing market for timber in China is leading to widespread logging around the world, including in Cambodia, according to a report released yesterday. The report from London-based NGO the Environmental Investigation Agency (EIA) – entitled Appetite for Destruction: China’s trade in illegal timber – outlines ...
Cambodia’s total trade worth US$ 2.7-B in first 2 months, + 28%
Cambodia’s import and export trade volume had amounted to US$2.7-B in the 1st 2 months of this year, up 28% compared to the US$2.1-B in the same period last year, the statistics of the Commerce Ministry showed Friday. Main products Cambodia imported are garment and textile ...
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
Government urged to act upon Phnom Penh–Svay Chrum bridge
The district of Svay Chrum, where the government has – since 2013 – been planning to build a bridge linking the Mekong river from west to east, is currently in the spotlight because of its advantageous geographical standpoint and slated future infrastructure development. ...
Siv Meng
http://www.phnompenhpost.com/post-property/government-urged-act-upon-phnom-penh-svay-chrum-bridge
Countries step up response
The outbreak of Middle East Respiratory Syndrome (MERS) in South Korea has sparked international alarm, and about 25,000 people have cancelled trips to the country between June 5 and 7, the Korean Tourism Organisation said. ...
Today News Staff
http://bit.ly/1G8OV4h
Cambodia targets one million tourists this year
The Ministry of Tourism puts a target of at least a million foreign tourists this year, outlining the main tourism markets as Asean, South east Asia countries, US, France and UK. ...
Chea Vanyuth
https://www.khmertimeskh.com/501078728/cambodia-targets-one-million-tourists-this-year/
Final Wage Offer for Garment Workers Is $75
The Garment Manufacturers Association in Cambodia (GMAC) informed the government yesterday that their final offer in minimum wage negotiations with the country’s unions is $75 per month, $25 less than the unions had wanted. The $75 dollar figure, however, includes a $5 state-mandated health bonus, paid ...
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
World Bank says Cambodia vulnerable to rising sea levels
The World Bank said in a recent report that Cambodia is among 12 countries in East Asia and the Asia-Pacific that are vulnerable to rising sea levels which could lead to the loss of land and force millions of people to relocate. ...
Mom Sophon
http://www.khmertimeskh.com/50114119/world-bank-says-cambodia-vulnerable-to-rising-sea-levels/
Lao Dam Breaks Ground
A waterfall has been blasted less than two kilometres from the Cambodian-Lao border, beginning work on another unapproved hydroelectric dam on the Mekong river, environmental group International Rivers claimed yesterday. Pianporn Deetes, the Thailand campaign coordinator for International Rivers, said she had learned of the excavation work, near ...
http://www.phnompenhpost.com/index.php/2012090458484/National-news/lao-dam-breaks-ground.html