Government Blames Child Flood Deaths on ‘Careless’ Mothers
The first vice president of the National Committee for Disaster Management (NCDM) on Monday blamed some of the deaths in this year’s floods on “careless” mothers. “Maybe the mothers are careless, maybe they don’t pay much attention to their children, so they drown,” NCDM First Vice ...
Zsombor Peter and Khuon Narim
http://www.cambodiadaily.com/news/government-blames-child-flood-deaths-on-careless-mothers-45666/
ANZ needs to step up its risk assessment: Oxfam
ANZ’s financing of ruling party senator Ly Yong Phat’s controversial sugar plantation has come under fire once again, this time in an investigation by NGO Oxfam into Australia’s big four banks and their links to rights abuses in developing countries. In a report titled “banking on ...
Daniel de Carteret
http://www.phnompenhpost.com/business/anz-needs-step-its-risk-assessment-oxfam
Riel trust needed for stability
As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...
Eddie Morton
http://www.phnompenhpost.com/business/riel-trust-needed-stability
Cambodians shun banks: World Bank report
Cambodian people used banks less than any other country in the Asia-Pacific region last year in percentage terms of using financial services, recent data from the World bank showed. The report, released this month, also pointed to high growth in the percentage of borrowers, which insiders ...
http://www.phnompenhpost.com/index.php/2012053056467/Business/cambodians-shun-banks.html
Angkor Gold cashes in on Cambodia
It has been just over a year since Vancouver-based Angkor Gold (ANK-V) went public with its stable of Cambodian exploration projects, and it is looking like the company’s early mover strategy in the developing Southeast Asian nation might be poised to pay off. To kick ...
http://www.northernminer.com/news/angkor-gold-cashes-in-on-cambodia/1001981285/?type=HotSectors
Power access spreads but reliability problem persists
Access to grid electricity has expanded to 71.5 percent of households but the reliability of power supplies can be improved, the World Bank says in its latest report, released yesterday. The Bank says nearly two-thirds of households with access to the grid face frequent power ...
Sok Chan
http://www.khmertimeskh.com/50115618/power-access-spreads-but-reliability-problem-persists/
Cambodia’s close China ties concern observers
Cambodia’s large and growing debt to its northern ally China is a growing concern for observers who worry about the undue influence this may afford the regional superpower. ...
Hul Reaksmey
http://www.voacambodia.com/a/cambodia-close-china-ties-concern-observers/3352146.html
Railway link on track
Cambodia is committed to complete construction of the 6.5-kilometer cross-border railway linking Poipet city in Banteay Meanchey province to neighboring Thailand’s Sisophon province by the year’s end. ...
Chea Vannak
http://www.khmertimeskh.com/news/27096/railway-link-on-track/
Cambodia aims to reduce Dollarization
Cambodia has designed strategies to give the Riel a boost to reduce dollarization, which represents about 80 percent of currencies circulated in the country, the Central Bank’s senior officials said Tuesday. ...
Xinhua team
http://www.khmertimeskh.com/news/16274/cambodia-aims-to-reduce-dollarization/
Cambodia eyes AIIB loan
Cambodia will begin applying for a loan from the newly established China-backed Asian Infrastructure Investment Bank (AIIB) from next year in response to the current need for infrastructure development. ...
May Kunmakara
http://www.khmertimeskh.com/news/34470/cambodia-eyes-aiib-loan/
Transaction costs: Saving time and money
ambodia’s 700,000 garment workers are among those most affected by exchange-rate costs. Their monthly salaries are paid in US dollars, but most of their daily transactions are in riels. Moreover, because they send – on average – about 30 percent of their salaries back to ...
Khmer Times
http://www.khmertimeskh.com/news/36268/transaction-costs--saving-time-and-money/
Government signs contract for infrastructure projects
Minister of Public Works and Transport Sun Chanthol yesterday signed a $44 million contract with Chinese company Beijing Urban Construction Group Co Ltd to carry out sewage and road improvement projects in Battambang, Poipet and Bavet towns, among other projects. ...
Soth Koemsoeun
http://www.phnompenhpost.com/national/government-signs-contract-infrastructure-projects
Fight against corruption
The World Bank is to train police, prosecutors and court staff on how to combat money laundering and financial terrorism under a national scheme to fight corruption. ...
Sok Chan
http://www.khmertimeskh.com/news/36155/fight-against-corruption/
New Sihanoukville trash collector admits flaws
The owner of a garbage collection company that recently took over trash pick-up in Sihanoukville admitted shortcomings in collection efforts yesterday, while pledging to improve services, following a petition by residents calling for the company’s contract to be rescinded. ...
Soth Koemsoeun
http://www.phnompenhpost.com/national/new-sihanoukville-trash-collector-admits-flaws
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 ...
Number of Internet Users More Than Doubled Last Year
The number of Internet users in Cambodia more than doubled last year, but the country still has the third-lowest Internet penetration rate in the region, according to recent statistics released by the World Bank. Internet users jumped from 178,142 in 2010 to 443,461 in 2011-reaching about ...
Housing Activist in Washington To Push for Cambodian Policy Reforms
Cambodian housing rights activist Tep Vanny is in Washington this week, seeking to increase international pressure on Cambodian authorities to end forced evictions and find resolutions to longstanding land disputes. Tep Vanny, a housewife who has emerged as a leader for Cambodian victims of forced evictions, ...
Men Kimseng
http://www.voacambodia.com/content/housing-activist-in-washington-to-push-for-cambodian-policy-reforms/1760036.html
ADB to tour KG Thom province
Asian Development Bank (ADB), will conduct a press tour in Kampong Thom province in Cambodia to evaluate and report on how the “Improving Market Access for the Poor in Central Cambodia Project” is helping to increase household incomes and create jobs for poor communities in ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ZGFjOGJhNjAwMTM
Half a million Cambodians affected by land grabs: rights group
More than half a million Cambodians have been affected by land conflicts involving the government since 2000, with more than 2,000 families across the country subjected to largely violent land grabs during the first few months of this year, local rights group Licadho said Tuesday. The ...
Joshua Lipes
http://www.rfa.org/english/news/cambodia/land-04012014170055.html
Housing loans up in 2013, growth expected to continue in ’14
Last year across Cambodia’s cities, more and more people decided to take the plunge and invest in housing. This should be obvious to anyone who lived in Cambodia last year. The sounds of construction or renovation were more noticeable than before in cities across the Kingdom. Data ...
Sum Manet
http://www.phnompenhpost.com/real-estate/housing-loans-2013-growth-expected-continue-%E2%80%9914