No Change to Reserve Requirement
Cambodia has decided not to increase its reserve requirement for banks to tackle inflation, National Bank of Cambodia Director General and spokeswoman Nguon Sokha said yesterdayThe Kingdom’s reserve-requirement rate for banks stands at 12 percent, meaning 12 percent of total deposits at banks must be ...
http://www.phnompenhpost.com/index.php/2011081851125/Business/no-change-to-reserve-requirement.html
Emergency cabinet meeting called over floods
An emergency cabinet meeting has been called for today to discuss disaster response and prevention in the face of severe flooding that has hit many parts of the country. More than 132,000 hectares of rice paddy field have been inundated with water since flooding began earlier ...
As pig imports grow, price of pork drops
A rise in pig imports from Thailand and Vietnam has driven down pork prices by as much as 33 percent in the past month, leaving farmers here worried that an oversupply in the market will cut into profits. Prathna Preap, a swine market expert at USAID, ...
Flooding destroys 3% of national crop
Three percent of the country’s rice crops have been destroyed by flooding in provinces along the Mekong River and around the Tonle Sap lake, and another seven percent is at risk of being lost, the minister of agriculture said yesterday. New government estimates also show that ...
Krama petition urges government to abandon trio of laws
Rolling out what may be the world’s longest krama, some 130 protesters presented the National Assembly with a petition yesterday morning bearing thousands of thumbprints urging lawmakers not to pass a trio of pending laws. “We all urge the government to stop its attempt to pass ...
Informal Pharmacies Continue To Operate Despite Crackdown
There are no reliable figures on the number of illegal pharmacies operating nationwide, but the government insists that the problem is a thing of the past. At the launch of an anti-drug campaign at the US Embassy in Phnom Penh on Monday, Chou Yin Sim, secretary ...
Bitter harvest for rice farmers
It’s almost 10 in the morning in Battambang province’s Bavel district and the blazing sun would deter anyone from venturing too far from the cool comfort of their thatched huts in this rice-growing area. But for many families whose livelihoods depend on rice farming, braving the ...
Chea Vannak
http://www.khmertimeskh.com/news/29992/bitter-harvest-for-rice-farmers/
Two months to claim land certificates
City Hall said villagers affected by the development project of the Overseas Cambodia Investment Corporation (OCIC) in Phnom Penh’s Chroy Changvar district would have two months to claim the certificate of land policy before it would stop assuming responsibility for losses, according to a statement ...
Pech Sotheary
http://www.khmertimeskh.com/news/29893/two-months-to-claim-land-certificates/
China gives Cambodia aid and thanks for ASEAN help
China has pledged more than $500 million in soft loans and grants to Cambodia and Prime Minister Wen Jiabao thanked it for helping Beijing maintain good relations with the regional grouping ASEAN, a Cambodian junior minister said. A summit of the 10 members of the Association ...
http://www.reuters.com/article/2012/09/04/cambodia-china-idUSL4E8K41I320120904
Fellow villagers pray for land rights activists
Borei Keila protesters, including many who live in squalor under staircases at the site, have already been compensated for losing their homes and have no right to demand more, Suy Sophan, the owner of developer Phan Imex, told the Post yesterday. About 200 supporters from the ...
Police Arrest Six Villagers Accused of Fraud
Police in Battambang arrested six villagers embroiled in a land dispute with a local businessman on Wednesday after 10 other villagers accused them of defrauding families in the area, deputy provincial governor Uy Ry said yesterday. However, villagers and rights workers in Kors Kralor district said ...
Vietnamese Goods Fair Opens In Phnom Penh
The 10th High Quality Vietnamese Products and Exports trade fair opened yesterday in the Cambodian capital city of Phnom Penh. It has attracted around 150 firms who have set up 250 booths to display more than 2,000 products, including electronics, consumer goods, stationary, books, construction materials, ...
Offshore refueling on the horizon
Danish marine fuel company Go4 Bunker Denmark yesterday launched the first company in Cambodia to supply ship fuel to vessels traveling through Cambodia’s waters, according to officials. The launch ceremony for the newly established Go4 Bunker Cambodia Co Ltd yesterday was presided over by Danish Princess ...
Confined To A Thai Fishing Boat, For Three Years
Cambodian Vannak Prum’s destiny changed in a dirt-road town called Malai. It’s a Cambodian outpost on the border with Thailand that is known for its involvement in the trafficking of human beings. Prum arrived in Malai seven years ago searching for work. His wife was pregnant, ...
http://www.npr.org/2012/06/19/155045295/confined-to-a-thai-fishing-boat-for-three-years
UK foreign office minister in Cambodia delivers message of assurance despite EU troubles
Jeremy Browne, UK foreign office minister, told officials in Cambodia during a two-day visit that despite the current problems the European Union is having with its currency union and economies, ASEAN should not be discouraged from pursuing closer economic and even political coordination within the 1.0-member bloc. Speaking at the Council of Ministers in Phnom ...
Workers Claim Police Beat Them During Factory Protest
About 10 workers were beaten by police and military police during a protest over severance payments yesterday in Kandal province, workers and union representatives said. Protests at Tai Yang Enterprises—which supplies clothing to U.S. brands Levi Strauss and Old Navy—in Ang Snuol district have been ongoing ...
Increase in tourists equals more operators
The number of tour operators registered with Ministry of Tourism increased by more than 10 per cent in the first half of this year compared to last year due to an upswing in the number of tourists visiting the Kingdom, insiders say. Figures from the tourism ministry showed ...
Inside the North Korean museum in Siem Reap
For more than a year, mystery has shrouded a museum in Siem Reap. The facts have been few and the details sparse. What’s known is that a North Korean company invested about $10 million for construction, and that artists from the hermit kingdom flew in ...
http://www.phnompenhpost.com/2013010260590/National/inside-the-north-korean-museum-in-siem-reap.html
Boeung Kak rep infighting gets its day in court
Six Boeung Kak village representatives will appear in Phnom Penh Municipal Court accused of threatening to kill their one-time representative Ly Mom, who was spoke on their behalf from 2007 until last year. Although no charges have been laid, Ly Mom is demanding $10,000 from each ...
Drought Affecting 145,000 Hectares of Paddy
A lack of rain across the country is affecting more than 145,000 hectares of rice paddy and parts of the nation’s crop have already been completely destroyed, according to data released yesterday by the Ministry of Agriculture. Hem Sophal, director of the statistics department at the ...