Unclean Water Costs $450M A Year, New UN Report Says
Poor sanitation costs Cambodia $450 million a year due to health costs resulting from water-borne diseases such as diarrhea, according to a new report by the UN Environment Program. The report follows data released last week by the World Bank that found that 75 percent
Block A oil partner inks finance deal
Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration
Koh Rong airport plans foggy
Plans are in place for a new $10 million international airport on Koh Rong island, but questions remain as to when construction would commence and when funding would be available.
Designs for the roughly 7,200-square-metre airport terminal, which will consist of Khmer- and resort-style architecture, were
http://www.phnompenhpost.com/2013040564911/Business/koh-rong-airport-plans-foggy.html
Cambodia hits oil revenue
Officials yesterday confirmed that the Cambodian government will receive a majority of the revenue share from Chevron’s offshore Block A oil permit area near Sihanoukville in the Gulf of Thailand. The government expects to issue the American oil giant a production permit licence by the
http://www.phnompenhpost.com/index.php/2012092858984/Business/cambodia-hits-oil-revenue.html
Chevron talks oil production
Chevron Overseas Petroleum (Cambodia) has been actively exploring Cambodia’s offshore Block A, and applied for a permit to begin extraction from government authorities. Yesterday, The Post caught up with its President Steve Glick, who has been in his present role in Phnom Penh for about
http://www.phnompenhpost.com/index.php/2011080450868/Business/chevron-talks-oil-production.html
US retailers express support for Cambodian living wage
As a new round of Cambodian wage negotiations approaches this month, major U.S. and European retailers who source from the country say they will be watching the talks carefully and want to see fair pay for workers.
Representatives of the brands like Gap, Levi Strauss, and
Kimseng Men
http://www.voanews.com/content/us-retailers-express-support-for-cambodian-living-wage/2470747.html
Better to Ride These Bikes Than Make Them
Cambodia’s export business is in the process of changing due to shifts in manufacturing in Asia. A business publication in the country has reported unexpected growth in the “machinery and transport equipment” sector and speculated it was as [sic] “probably bicycles.” But when Cambodia jumped
http://www.iede.co.uk/news/2013_750/better-ride-these-bikes-make-them
Cambodia's oil imports rise
Cambodia imported approximately 1.2 billion tonnes of petroleum in the first nine months of the year, up 12.51 per cent from the 1.1 billion tonnes in the same period last year, statistics from the Ministry of Commerce showed last week.
From January to September, Cambodia bought
http://www.phnompenhpost.com/index.php/2012111459729/Business/cambodias-oil-imports-rise.html
EU organizes a seminar on food security
The Delegation of the European Union to Cambodia in collaboration with the Council for Agricultural and rural Development, Ministry of Agriculture, Forestry and Fisheries and three of the EU-funded projects (CEDAC, HKI, WHH) on October 6 organized a Food Security Project Workshop “Improving Food Security—Lessons
Telecom CEOs Say Debts to Mfone Are Far Less
Executives at some of the telecommunication firms indebted to bankrupt mobile operator Mfone said Thursday they owe much less than claimed by the company, and will negotiate with Mfone’s administrator to find a resolution before a complaint is filed in court.
“We do owe Mfone money,
http://www.cambodiadaily.com/business/telecom-ceos-say-debts-to-mfone-are-far-less-34630/
Linking the worst factories with the labels
The building that housed USA Fully Field Garment factory in Phnom Penh’s Meanchey district stands empty now. The grounds are littered with garbage and boxes full of dusty brand labels that were stitched onto clothes by almost 400 workers before the factory owner fled in
Simon Henderson and Khy Sovuthy
http://www.cambodiadaily.com/news/linking-the-worst-factories-with-the-labels-55839/
Cambodian, Chinese firms unveil 1st oil refinery project in Cambodia
Cambodian Petrochemical Company and Sinomach China Perfect Machinery Industry Corp jointly announced on Friday to build the first oil refinery in Cambodia and the construction is expected to be completed at the end of 2015.
Zhang Sugang, president of Sinomach China Perfect Machinery Industry Corp, said
http://news.xinhuanet.com/english/china/2012-12/28/c_132069193.htm
A rock and a hard place
Some three hours’ drive from the scenes of violence unfolding in Phnom Penh’s Freedom Park yesterday, the Cambodia National Rescue Party found distance no remedy for what it termed a calculated attempt at intimidation.
As authorities blocked roads leading to a planned public meeting at the
Koam Chanrasmey and Meas Sokchea
http://www.phnompenhpost.com/national/rock-and-hard-place
ANZ chief says Cambodia should de-dollarise
ANZ chief executive Mike Smith says Cambodia should decouple the riel from the US dollar to a stand-alone currency and align itself to the Chinese renminbi (RMB), given the shift in global trade flows.
At the Cambodia Outlook Conference in Phnom Penh yesterday, Smith said: “I
http://www.phnompenhpost.com/2013022161527/Business/anz-chief-says-cambodia-should-de-dollarise.html
Mixed results for oil firm's search off coast
The first well drilled by a major Chinese company looking for oil and gas in Cambodian waters has been completed, though hydrocarbons in the firms offshore block are proving elusive, an official at the Cambodian National Petroleum Authority (CNPA) has said.
http://www.cambodiadaily.com/business/mixed-results-for-oil-firms-search-off-coast-6489/
Government's New Jet Takes To the Skies
The government’s brand-new Airbus A320 jet took off on official state business for the first time yesterday, when it departed from Phnom Penh International Airport en route to Beijing with King Norodom Sihamoni and Queen Mother Norodom Monineath.
“It is the government’s plane and is for
Giant development in Cambodia hinges on Chinese buyers
There is an island in Cambodia that, unlike others in Southeast Asia, is not the object of an ownership dispute. But it is equally clear whom its current owners would like to land there: Chinese property buyers.
If all goes according to plan, Koh Pich —
Chris Horton
http://www.property-report.com/cambodias-mega-development-lures-chinese-investors-34672
Cambodia's debt a concern
An International Monetary Fund and World Bank report has questioned Cambodia’s ability to deal with future financial crises if government borrowing increases.
While the report indicated that Cambodia was at low risk for severe debt problems, it highlighted the need for effective management of new debt
http://www.phnompenhpost.com/index.php/2012022954764/Business/cambodias-debt-a-concern.html
PM ends a land dispute with a gift
While meeting locals and officials in Preah Vihear province yesterday, Prime Minister Hun Sen decided to allocate more than 80 hectares of airport land in Preah Vihear town’s Palhal commune to 127 families. In a meeting with officials and armed forces that was announced on Mr. Hun Sen’s official
Pech Sotheary
http://www.khmertimeskh.com/news/28989/pm-ends-a-land-dispute-with-a-gift/
Cambodia: a generation gap divides a struggling nation
Surveys are rare in Cambodia and opinion polls indicating which way the electorate intends to vote are even rarer. That partially explains why so many other commentators failed to predict the hefty swing against Prime Minister Hun Sen at the last national poll.
Luke Hunt
http://thediplomat.com/2015/12/cambodia-a-generation-gap-divides-a-struggling-nation/
