PHNOM PENH CONDOMINIUM MARKET IS BOOSTED BY HIGH SALES RATES, PROMPTING FURTHER CONSTRUCTION
The condominium market in Phnom Penh is still very much within its early stage of development and thus is unlikely to flourish until there is a cultural shift towards owner occupants relocating to condominium developments within the city. This however will be heavily dependent on the ...
Cambodian Business Review Staff, P.18
http://www.cambisreview.com
De Castle Royal construction moves ahead at a princely pace
Even as political instability led to a drop in Phnom Penh’s housing market over the last few months, construction and sales of De Castle Royal steamed ahead in the third quarter. Now fully over the fallout from the 2008 global financial crisis, a recent $28 million ...
Hin Pisei
http://www.phnompenhpost.com/real-estate/de-castle-royal-construction-moves-ahead-princely-pace
Acleda takes out $10 Million
Acleda Bank has signed a $US10 million loan agreement with Proparco, a development finance institution held in part by the Agence Francaise de Développement (AFD), according to a statement released on Wednesday. With the Kingdom’s financial sector expanding rapidly and a growing demand for banking and ...
http://www.phnompenhpost.com/index.php/2012090758553/Business/acleda-takes-out-10m-loan.html
New deadlock but old tactics, analysts say
Ahead of today’s hearing on Cambodia’s record at the UN Human Rights Council in Geneva, opposition figures and analysts said the ruling Cambodian People’s Party has reverted to familiar tactics of post-election suppression. Analysts yesterday said that the breaking up of Cambodia National Rescue Party-led protests ...
Vong Sokheng
http://www.phnompenhpost.com/national/new-deadlock-old-tactics-analysts-say
UN, CPP spar on political climate
In an open letter to the leaders of Asean member states and the rest of the world, the ruling Cambodian People’s Party (CPP) yesterday attacked the opposition for allegedly “undermining democracy, political stability and the image of Cambodia in the international arena.” On Monday, the government ...
Taing Vida and Jonathan Greig
http://www.khmertimeskh.com/news/29505/un--cpp-spar-on-political-climate/
Climate change to slash Cambodia’s productivity: report
Even if current levels of spending on climate change adaptation are maintained, rising temperatures in the Kingdom will continue to impact economic performance, reducing the country’s GDP by almost 10 percent by the year 2050, a report released Tuesday has found. ...
May Kunmakara
https://www.khmertimeskh.com/50497852/climate-change-to-slash-cambodias-productivity-report/
IPCC workshop warns about worst climate change effects
The Intergovernmental Panel on Climate Change (IPCC) has warned that the world will face more serious effects of climate change if there is no measure to reduce carbon dioxide in the atmosphere which leads to increased global warming. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/ipcc-workshop-warns-about-worst-climate-change-effects
Samal asks world leaders to take extra climate change measures
Minister of Environment Say Samal called on high-emission countries to show leadership and responsibility by increasing their climate change adaption measures and raising their targets for greenhouse gas emission reductions. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/samal-asks-world-leaders-take-extra-climate-change-measures
Cambodia, China Ink Seven Agreements
Cambodia and China, on June 13th, inked an agreement to strengthen their ties and showed they have become comprehensive strategic partners as ties between the two countries boosts bilateral trade to reach a level of 5 billion US dollars by 2017. Eang Sophallet, an assistant to Samdech Prime Minister Hun Sen, told media that ...
EU Parliamentarian Probes Sugar Plantations in Cambodia
A member of the European Parliament is in Cambodia investigating agri-business firms accused of evicting hundreds of families while benefiting from a free-trade scheme with Europe worth millions of dollars, according to the NGO Equitable Cambodia. The visit from France’s Patrice Tirolien follows a resolution the ...
Zsombor Peter
http://www.cambodiadaily.com/news/eu-parliamentarian-probes-sugar-plantations-in-cambodia-51166/
Cambodia Angkor flies to Bangkok
Cambodia Angkor Air will start a daily service between Phnom Penh and Bangkok, 1 February [sic]. The airline launched its first service to Thailand, 30 November [sic] from Siem Reap and is scheduled to start a service to Hanoi 7 January [sic]. The Bangkok-bound flight will ...
http://www.ttrweekly.com/site/2013/01/cambodia-angkor-flies-to-bangkok/
Cambodian government focuses on fire safety
The Cambodian government is beginning to focus on fire security and intervention systems in skyscrapers, which are on the increase in Phnom Penh. Lieutenant Colonel Neth Vutha, chief of the Fire Station of the Phnom Penh Police Department, said the General Commissariat of the National Police ...
Sugar on EU visit’s agenda
European Union Trade Commissioner Karel de Gucht will visit Cambodia this week, the European Commission announced, with rights groups hoping that land grabbing related to sugar plantations will be high on the agenda. Following bilateral meetings in Brussels last week between Cambodia and the EU during ...
Kevin Ponniah and Vong Sokheng
http://www.phnompenhpost.com/national/sugar-eu-visit%E2%80%99s-agenda
Loan agreement inked for Cambodia’s first garment training school
The Garment Manufacturer’s Association in Cambodia (GMAC) signed a $3.5 million loan agreement with French international development agency Agence Francaise de development (AFD) yesterday to build Cambodia’s first garment sector training school. The school will train Cambodia’s unskilled garment workers and other Cambodians who wish to ...
Petition for Investigation Into Sugar Trade Gains Support
More than 55,000 people have joined an online petition set up by a pair of French nongovernment groups urging the European Union (E.U.) to immediately launch an investigation into local sugar plantations accused of illegally evicting hundreds of Cambodian families. At the center of the dispute ...
Zsombor Peter and Kuch Naren
http://www.cambodiadaily.com/news/petition-for-investigation-into-sugar-trade-gains-support-45704/
Justice Ministry Won’t Press Court Over Jailed 13
The Ministry of Justice will not press the Phnom Penh Municipal Court to review the case of 13 Boeng Kak residents sentenced to jail last month for demonstrating against a CPP senator’s real estate project, despite asking the court to consider releasing the women. Now that ...
Cambodia targets de-dollarisation, crisis prevention
Cambodia’s financial strategy for the next decade includes de-dollarisation, improved regulations and better crisis prevention and management. The Financial Sector development Strategy (FSDS) was released by the Ministry of Economy and Finance in partnership with the National Bank of Cambodia (NBC) and financed by the ...
EU Eyes Asean as Solution for Troubles at Home
As Europe continues to navigate its way through a two-year debt crisis, EU Trade Commissioner Karel de Gucht yesterday sought to put Europe at the center of Southeast Asia’s future at the EU-Asean Business Summit in Phnom Penh, and urged EU investors to take advantage ...
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
Families of South Korean Crash Victims Settle With Travel Agency
After failing to receive compensation from the airline, relatives of the 13 South Korean nationals who died in the 2007 PMT Air flight U4 241 crash have been reimbursed for their loss by the travel agency that issued the tickets, a law firm said yesterday. According ...