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Petroleum imports surge on economic growth

A resurgent economy and efforts to crack down on smuggling have led to a large increase in petroleum imports, according to experts. Cambodia has imported 756,139 tonnes worth US$692 million in the first half of the year, from 440,607 tonnes worth $296 million in the ...

Protected forest ‘is finished’

In the latest government backed appropriation of protected land, nearly 20,000 hectares of the Boeung Per wildlife sanctuary have been reclassified as state private land for agro-industrial development. Two sub-decrees, obtained by The Post this week and initialed by Prime Minister Hun Sen on July ...

http://www.phnompenhpost.com/

Law Students Told To Avoid Thesis Topics

Fourth-year students at Phnom Penh’s Royal University of Law and Economics (RULE) have been barred from writing their theses on 14 topics, including Cambodia’s new bourse, according to a letter posted online yesterday. The letter, signed by the university’s research department director Kong Saphon ...

Taking Count of Cambodia’s Flying Fox Bats

At around 6 p.m. in Phnom Penh each evening, about 5,000 large brown bats, having spent the day dangling upside down from a tree at Wat Phnom, spread their huge wings and fly out to begin their nightly search for fruit. And as useful and ...

Denise Hruby
http://www.cambodiadaily.com/news/taking-count-of-cambodias-flying-fox-bats-45421/

The New Asian Century

With growing uncertainty in the US economy and an unfolding fiscal and debt crisis in the Eurozone after the global recession in 2008, Asia is expected to continue leading the global recovery. Under such circumstances, the 21st Century is emerging as the “New Asian Century”, ...

http://www.etmcambodia.com/

Report shows workforce still lacks skills

Cambodia lacks the skilled labor force necessary to advance the economy and the government must find ways to create more valuable work as it faces fierce regional and international competition, according to a new report released Thursday by the World Bank. The report, “East Asia Pacific ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/report-shows-workforce-still-lacks-skills-58432/

Cambodia’s new tourism frontier

A year ago, getting to Sihanoukville required perseverance and a certain degree of bravery. There had been no flights to Cambodia’s premier beach resort for years — at least no scheduled services — and cruise ships docking here were few and far between Following years spent ...

http://www.bangkokpost.com/business/tourism/308486/cambodia-s-new-tourism-frontier

Asean to forge ahead through global crises

Southeast Asia needs to push ahead with a regional free trade bloc and policies to cope with global financial crises, Indonesia’s government said yesterday. Indonesia’s Vice President Boediono, addressing trade ministers from the Association of Southeast Asian Nations (ASEAN), said it was evident since the ...

http://www.phnompenhpost.com/

Government Says New Jet Was Leased From Chinese Airline

The Council of Ministers has revealed that its new Airbus A320, meant for shuttling Prime Minister Hun Sen and a select few others around the world, is being leased from China Southern Airlines but refrained from disclosing how much the deal was worth. Last month, CPP ...

http://www.cambodiadaily.com/news/government-says-new-jet-was-leased-from-chinese-airline-12328/

Preah Vihear Families File Complaints As Land Set Aside for Airport

More than 60 families living in Preah Vihear province filed a complaint with rights group Ahdoc yesterday after officials announced that their land had been set aside for a new airport and would not be measured for private land titles, local officials said. Adhoc Preah ...

http://www.cambodiadaily.com/news/preah-vihear-families-file-complaint-as-land-set-aside-for-airport-10026/

Regional Bank, IMF Note Risks to Government's Dam Guarantee

The government’s guaranteed bailout of major infrastructure projects, such as the future 400-megawatt hydropower dam in Stung Treng province, requires a thorough assessment of forecasted risks – a capacity which the government currently does not possess, an Asian Development Bank (ADB) official said yesterday. Speaking on ...

http://www.cambodiadaily.com/news/regional-bank-imf-note-risks-to-governments-dam-guarantee-11269/

Cambodia attracts $2.28 bln investment projects last year: gov't report

Cambodia had granted licenses to 157 domestic and foreign investment projects with a total investment of 2.28 billion U.S. dollars in 2012, according to a report of the Council for the Development of Cambodia (CDC) on Tuesday. Domestic investors topped the chart among all investors last ...

http://news.xinhuanet.com/english/business/2013-01/29/c_132136638.htm

Bids called on Cambodia rail link

The State Railway of Thailand (SRT) will call an e-auction on April 10 on work to renovate damaged tracks connecting Thailand with Cambodia at the Aranyaprathet-Poipet crossing, Transport Minister Chadchat Suttipan said on Tuesday. The railway agency estimated the project will cost 2.8 billion baht. ...

http://www.bangkokpost.com/breakingnews/343563/thailand-to-open-bid-to-rebuild-tracks-with-cambodia

Cambodia growth to continue, but development faces shortfalls

Despite steady economic growth in recent years, Cambodia remains one of the least-developed countries in the Asia-Pacific region and faces the challenge of diversifying its economy and moving up the production value chain, the U.N. Economic and Social Commission for Asia and the Pacific (ESCAP) ...

Lauren Crothers, P. 20
http://The Cambodia Daily

Cambodia Ups Minimum Wages for Workers

The Cambodian government on Thursday announced a higher minimum wage of U.S. $80 per month for garment and footwear workers but they were not impressed, vowing to continue a strike until it is raised to U.S. $100. A tripartite meeting between the government, unions and Garment ...

http://www.rfa.org/english/news/cambodia/wages-03212013185628.html

Cambodia's garment exports up 22 pct in 5 months

Cambodia’s garment industry, the country’s biggest income earner, recorded 2.06 billion U.S. dollars in export value in the first five months of this year, up 22 percent on the same period last year, a Commerce Ministry’s report showed Tuesday. Garment export accounts for more than 80 ...

http://www.asean-china-center.org/english/2013-06/27/c_132492345.htm

Chartered carrier takes off

Newly established Wat Phnom Airlines completed its maiden flight to Taiwan’s Taoyuan International Airport on July 10. But its predecessor, grounded Tonlesap Airlines, is said to owe the same airport more than $50,000 in landing fees. The local chartered carrier “is officially in business after it ...

http://www.phnompenhpost.com/business/chartered-carrier-takes

Calm, mostly, prevails

Although International Human Rights Day ended in the forceful eviction of protesters from outside the US embassy last night, monks and their supporters who spent days marching to the capital met with no opposition in the morning as they defied a ban on marching to ...

Post Staff
http://www.phnompenhpost.com/national/calm-mostly-prevails

Villagers Get Land Title After Torching Excavator

A land dispute between a development company and residents in Phnom Penh’s Russei Keo district boiled over late Friday night, with villagers setting fire to an excavator that they say company staff were using to raze a crematorium on the disputed plot of land. Villagers say ...

Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/villagers-get-land-title-after-torching-excavator-47790/

S. Korea is laying the foundation for accelerating growth

The flow of Korean investment into Cambodia has been in the spotlight for more than a decade, primarily foreign direct investment in the construction and property sectors. Investment from the East Asian nation continues its rise, and in 2014 South Korean investment in Cambodia ranked ...

May Kunmakara
http://www.khmertimeskh.com/news/20465/s--korea-is-laying-the-foundation-for-accelerating-growth/

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