Tax revenues rise, but aren’t reflective of overall GDP growth
While the country’s tax revenue grew about 20 per cent in the first half of this year compared to the same period in 2012, experts say the amount still isn’t high enough to accurately reflect the country’s GDP growth. Stephen Higgins, former CEO of ANZ ...
http://www.phnompenhpost.com/business/tax-revenues-rise-aren%E2%80%99t-reflective-overall-gdp-growth
Timing of stats questioned
For the first time in recent memory, the Ministry of Economy and Finance has released growth projections for the first half of the year, and the numbers are good. The ministry’s preliminary data claims that from January through June, economic growth stood at 7.6 per ...
http://www.phnompenhpost.com/business/timing-stats-questioned
Parties slug it out in rare TV debate
Breaking into a medium almost universally controlled by the ruling party, acting opposition president Kem Sokha squared off yesterday against rival legislators during the filming of what may well have been Cambodia’s first televised national election debate. The debate at the state-run TVK studios, which featured ...
http://www.phnompenhpost.com/national/parties-slug-it-out-rare-tv-debate
IMF Managing Director Christine Lagarde to Visit Cambodia
nternational Monetary Fund (IMF) managing director Christine Lagarde will visit Cambodia next week as part of an Asia tour that will also include stops in South Korea and Burma, according to an IMF spokesman. Ms. Lagarde will meet with Cambodian government officials, university students, investors and ...
Colin Meyn
http://www.cambodiadaily.com/business/imf-managing-director-christine-lagarde-to-visit-cambodia-47940/
Ministry warns state forest land grabber of legal action
The Ministry of Environment has warned of legal action against a woman and her Australian husband for illegally occupying and selling 50ha of land in the protected area of Phnom Samkos Wildlife Sanctuary in Pramuoy commune’s Stung Thmey village of Pursat province’s Veal Veng district. ...
Nov Sivutha
https://www.phnompenhpost.com/national/ministry-warns-state-forest-land-grabber-legal-action
Nearly $600 mn in state aid helped the poor during pandemic
Authorities in Cambodia said the government has distributed nearly $600 million in aid to the poor under the social protection plan. ...
So Cheata
https://www.khmertimeskh.com/501040447/nearly-600-mn-in-state-aid-helped-the-poor-during-pandemic/
Thavisin touches down in Phnom Penh for first official visit to an ASEAN member state
Thailand’s newly appointed prime minister Srettha Thavisin has arrived in Cambodia for a one-day visit. The trip marks his first visit to an ASEAN country since taking office and aims to enhance bilateral trade and investment. ...
Kampong Speu disputants ‘pressured’ to take sugar firm deal
Despite earlier statements by company representatives that $500 compensation packages being offered to land disputants at Ly Yong Phat’s Kampong Speu economic land concession (ELC) were negotiable, attendees of a meeting between company representatives and residents yesterday said they felt pressured to take the offer. ...
Chhay Channyda
http://www.phnompenhpost.com/national/kampong-speu-disputants-pressured-take-sugar-firm-deal
Cambodia will spend $67 million finance to restore infrastructure from last year flood damage
ADB (Asian development bank) pledged to offer $55 million loan for infrastructure restoration from flood damage last year in Cambodia. At the same time, AusAid also offered 5.25 million US dollars, and the Cambodian government will spend 6.39 million US dollars for the whole infrastructure ...
EU offers grant for Kingdom’s Covid-19 fight
EU Ambassador to Cambodia Carmen Moreno applauded the country’s efforts to control the Covid-19 crisis and said the EU is transferring a €56 million ($66.7 million) grant to help restore the economy, said a Ministry of Economy and Finance press release. ...
Niem Chheng
https://www.phnompenhpost.com/national/eu-offers-grant-kingdoms-covid-19-fight
Displaced residents of land for new airport offered land swap
Kandal provincial governor Kong Sophorn told Khmer Times yesterday that 11 families who don’t want to accept a cash settlement for their land within the construction area of the new international airport can choose a “land swap” instead. ...
Son Minea
https://www.khmertimeskh.com/50924006/displaced-residents-of-land-for-new-airport-offered-land-swap/
Prime minister says VOD shutdown strengthens journalism, offers reporters government jobs
Despite a wave of international concern over the shutdown of independent media Voice of Democracy (VOD), Prime Minister Hun Sen said that the outlet’s license will not be restored and offered VOD reporters government jobs instead in a Facebook post Tuesday. ...
Khuon Narim
https://cambojanews.com/prime-minister-says-vod-shutdown-strengthens-journalism-offers-reporters-government-jobs/
Toll may lose rail rights
A company with ties to one of China’s top state-owned firms will look to push Toll Royal Railways and its local partner Royal Group of Companies out of a 30-year railroad concession with pledge to invest nearly US$850 million to revamp existing lines and build an additional ...
UDG to pay for damaged crops
A total of 13 out of 14 families locked in a land dispute with the Union Development Group in Koh Kong province on Tuesday accepted a compensation offer over crops destroyed by the company in January. Negotiations are also under way with the one family ...
Pech Sotheary
https://www.khmertimeskh.com/50500685/udg-to-pay-for-damaged-crops/
Ocean settles as other worker strikes gain steam
Workers from the beleaguered Ocean Garment Factory on Monday came to an agreement with management over furlough pay, following more than a month of protests. “All the workers at Ocean Garment Factory have accepted the offer from the factory and the strikes are finished now,” said ...
Sek Odom
http://www.cambodiadaily.com/news/ocean-settles-as-other-worker-strikes-gain-steam-64619/
Central bank mulls its inflation response
Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising prices ...
Malaysian PM Mahathir hails Kingdom’s prosperity
Malaysian Prime Minister Mahathir Mohamad on Monday hailed Cambodia’s prosperity, praising its “hard-working” and “skilful” people for rebuilding the Kingdom. The 94-year-old leader was speaking to university students, government officials and diplomats at the Royal university of Phnom Penh as he began a three-day visit, ...
Niem Chheng
https://www.phnompenhpost.com/national/malaysian-pm-mahathir-hails-kingdoms-prosperity
Boeung Kak land talks fail
Following negotiations yesterday with Phnom Penh Governor Pa Socheatvong, representatives of 12 Boeung Kak community families complained that City Hall was not offering them nearly enough land to replace what had previously been taken from them. During yesterday’s meeting, City Hall offered to give the ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/boeung-kak-land-talks-fail
Lao leader hails close ties during his state visit to the Kingdom
Cambodia reaffirmed its strong ties with its neighbour to the north during Laotian President Bounnhang Vorachith’s visit to the Kingdom. Bounnhang arrived in Cambodia on Sunday and departed the next day after meetings with National Assembly president Heng Samrin and Prime Minister Hun Sen in ...
‘Ghost staff’ found, $1.7M returned to state coffers
The Ministry of Civil Service said more than seven billion riel ($1.7 million) in salaries for civil servants was returned to the state last year after it discovered that the books had been cooked to pay ‘ghost officials’. This is despite claims by the Ministry of ...
Long Kimmarita
https://www.phnompenhpost.com/national/ghost-staff-found-17m-returned-state-coffers