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Kuwaitis encouraged to invest in Cambodia

Cambodia’s Minister of Commerce Sun Chanthol has urged Kuwaiti investors to take advantage of the new economic laws aimed at targeting and encouraging foreign investors notably in the sectors of industry and agriculture. In his statements while visiting the Kuwaiti Chamber of Commerce and Industry ...

Kuwait News Agency (KUNA) News Staff
http://www.kuna.net.kw/ArticleDetails.aspx?id=2411719&language=en

Companies stripped of ELCs

The government has seized more than 50,000 hectares of economic land concessions from a number of powerful companies across the Kingdom, putting the areas under the control of the Ministry of Environment, according to sub-decrees signed last week. one decree signed by Prime Minister Hun Sen ...

May Titthara
http://phnompenhpost.com/national/companies-stripped-elcs

Some fear political deal will hurt long-term democracy

A deal between the ruling party and opposition in July may have ended a yearlong political deadlock, but some rights workers now worry the compromises will not be worth the long-term costs to Cambodian democracy. But Ou Virak, chairman of the board at the Cambodian ...

Men Kimseng
http://www.voacambodia.com/content/some-fear-political-deal-will-hurt-long-term-democracy/2545890.html

Cambodian FM hails China's ties, cooperation with ASEAN, Cambodia

Cambodian Foreign Minister Hor Namhong has lauded China’s excellent ties and cooperation with ASEAN and Cambodia, saying that the close ties have brought peace, stability and development in the region. “China is the first country to establish with ASEAN in 2003 the ASEAN-China Strategic Partnership for ...

Global Times News Staff
http://www.globaltimes.cn/content/895544.shtml

Hun Sen returns from South Korea trip

Prime Minister Hun Sen returned from South Korea on Monday having struck a series of deals with Seoul, including an agreement to explore the creation of a South Korean-funded agricultural university in Cambodia, according to one of Mr. Hun Sen’s advisers. Speaking to reporters at Phnom ...

Hul Reaksmey
https://www.cambodiadaily.com/news/hun-sen-returns-from-south-korea-trip-74257/

Power-grid study to tackle supply problems

U.S. conglomerate General Electric (GE) on Thursday inked a $1 million deal with Cambodia’s state-owned Electricite du Cambodge (EdC) to conduct a six-month study to identify weaknesses in Cambodia’s electrical grid with the aim of enhancing the reliability of the power supply. According to the EdC, ...

George Styllis and Kang Sothear
https://www.cambodiadaily.com/business/power-grid-study-to-tackle-supply-problems-74517/

Election NGOs to begin testing new voter registration system

Testing of a computerized voter registration system will begin next month in the hopes of addressing flaws in the current system, which remains susceptible to election fraud, a coalition of NGOs working to promote democracy in the country announced Thursday. The Electoral Reform Alliance (ERA) has ...

Khuon Narim and Kuch Naren
https://www.cambodiadaily.com/news/election-ngos-to-begin-testing-new-voter-registration-system-74513/

US mayor wants government to release activists

The mayor of Lowell, Massachusetts—which has the second-largest population of Cambodian-Americans in the U.S.—on Friday visited 10 anti-eviction activists inside Phnom Penh’s Prey Sar prison, emerging to announce that he would lobby the government for their release. Wrapping up a five-day visit to Phnom Penh, Rodney ...

Khuon Narim and Holly Robertson
https://www.cambodiadaily.com/news/us-mayor-wants-government-to-release-activists-76339/

Rainsy takes credit for falling energy prices

CNRP President Sam Rainsy on Friday told supporters that the opposition party was responsible for recent government efforts to lower gasoline and electricity costs and said he would work to keep alive the new “culture of dialogue” with the CPP, despite Prime Minister Hun Sen calling ...

Kuch Naren
https://www.cambodiadaily.com/news/opposition-leader-takes-credit-for-falling-energy-prices-76617/

Adoption revamp in offing by Oz: report

Australian Prime Minister Tony Abbott is overhauling his nation’s overseas adoption system and wants to get Cambodia involved in the process, according to Australian media. Abbott requested Attorney General George Brandis pursue fresh agreements and adoption negotiations, including with Cambodia, Bulgaria, Latvia and Kenya, the Sunday ...

Laignee Barron
http://www.phnompenhpost.com/national/adoption-revamp-offing-oz-report

NagaWorld posts $136M profit

On the back of a quest for high-rolling Chinese clients, NagaWorld’s gross gaming revenue soared 17 per cent in 2014, although profits were slightly down due to rising costs and lower profit margins from VIP customers. Gross gaming revenue clocked in at $381.4 milliOn for 2014, ...

Charles Rollet
http://www.phnompenhpost.com/business/nagaworld-posts-136m-profit

Poverty reduction a mixed success, as countryside rates remain high

Cambodia’s efforts to eradicate extreme poverty and hunger have yielded mixed results, despite the government’s claim it has reduced the poverty rate ahead of a UN deadline. But many people remain near the poverty line, vulnerable to natural disasters, such as flooding, that could put ...

Men Kimseng,
http://www.voacambodia.com/content/poverty-reduction-a-mixed-success-as-countryside-rates-remain-high/2640700.html

Fund intended to improve country’s urban sanitation

The government will set up a $5 million fund to allow Cambodia’s 26 provinces and municipalities to take responsibility for waste management in their cities, it was announced recently. With a focus on garbage management, the decentralisation initiative, revealed at a two-day workshop in Phnom Penh ...

Shaun Turton
http://www.phnompenhpost.com/fund-intended-improve-countrys-urban-sanitation

Gov’t launches industrial policy

Prime Minister Hun Sen said the Council of Ministers would review and pass the Industrial Development Policy 2015-2025 today, setting out a roadmap that aims to boost investment and broaden the Kingdom’s manufacturing base. The policy framework will consist of four pillars: attracting FDI to ...

Chan Muyhong and Hor Kimsay
http://www.phnompenhpost.com/govt-launches-industrial-policy

$250k stolen in daylight heist

A sleepy village in Kampong Thom province was the unlikely site of a major gold heist over the weekend, as a gang of heavily armed robbers raided a local market in broad daylight, making away with more than $250,000 worth of cash and jewellery before ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/250k-stolen-daylight-heist

Japanese firms look to expand

Japanese companies in the Kingdom are looking at expanding local operations as business confidence for 2015 is expected to rise on account of higher projected sales and operating profits, according to a survey conducted by the Japanese External Trade Organization. The survey, which looked at Japanese ...

Hor Kimsay
http://www.phnompenhpost.com/japanese-firms-look-expand

Vietnam to link China & Bavet

Vietnamese Prime Minister Nguyen Tan Dung last Monday approved plans to build a new economic corridor linking China, along Vietnam’s northern border, to the Bavet International checkpoint in Cambodia, in order to facilitate increased flow of goods between the three countries. The corridor, which will take ...

Chan Muyhong
http://www.phnompenhpost.com/vietnam-link-china-bavet

World Bank may be blind to harm of financial investments: Oxfam

The World Bank’s private sector arm may be doing more harm than good when it invests in private equity firms, banks and other financial intermediaries, global development group Oxfam said in a report on Wednesday. In one project indirectly sponsored by the bank’s International Finance Corporation ...

Anna Yukhananov
http://www.reuters.com/article/2015/04/01/us-worldbank-investments-idUSKBN0MS5IJ20150401

Dengue falls, encephalitis up

The number of dengue cases in the Kingdom is continuing to dwindle, but health officials noted a spike of rainy season-induced Japanese encephalitis over the weekend. on Saturday alone, 112 children at Kantha Bopha Children’s Hospital were diagnosed with encephalitis – brain-swelling – that was caused ...

Laignee Barron
http://www.phnompenhpost.com/national/dengue-falls-encephalitis

Gov’t seeks a greener tourism industry

The Tourism Ministry will announce a new “Green Hotel” standard later this month in an effort to make the industry more environmentally friendly, senior officials say. Tourism Minister Thong Khon said on Friday that while it will not be immediately compulsory for all hotel venues to ...

Chan Muyhong
http://www.phnompenhpost.com/business/gov%E2%80%99t-seeks-greener-tourism-industry

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