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Microfinance loans up 47 percent in first 6 months

Cambodia’s microfinance sector is continuing to grow at a rapid pace, with loan disbursements in the first six months of this year increasing almost 50 percent on last year, according to an industry association. ...

Kang Sothear and Tsz-kwan Ho
https://www.cambodiadaily.com/business/microfinance-loans-up-47-percent-in-first-6-months-90039/

Concessions Not for Logging, Hun Sen Says

Prime Minister Hun Sen yesterday told senior officials to stop investors from using land concessions as a pretext for logging and to discuss the possibility of reducing the amount of time such concessions can last. The government placed a moratorium on logging concessions in 2002 to ...

Wages will increase following economic growth

Hun Sen said salaries for civil servants and garment workers will increase yearly coinciding with the growth in the economy. Speaking at a graduation ceremony for the Royal University of Phnom Penh (RUPP) at the Koh Pich center on Tuesday, he said during the general assembly ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=Y2MzZjI4MzI3MzI

A factory or family dilemma

Being placed on consecutive short-term contracts in Cambodia’s predominantly female-staffed garment sector is forcing many women to choose between a family and a factory job, unionists and rights groups said yesterday. Ken Chenglang, acting president of the National Independent Federation Textile Union of Cambodia, said many ...

Amelia Woodside and Mom Kunthear
http://www.phnompenhpost.com/national/factory-or-family-dilemma

Youth seek tobacco curbs: org

A survey has found that while only 12 per cent of young Cambodians smoke cigarettes, more than four times that number are exposed to passive smoke every day, and a broad majority back tougher regulation of tobacco products. Mom Kong, executive director at the Cambodian Movement ...

Sen David
http://www.phnompenhpost.com/national/youth-seek-tobacco-curbs-org

Shock and awe as yellow-bellied weasel found in Cambodia

British conservation group Fauna & Flora International says it has captured the first image of a yellow-bellied weasel in Cambodia under a joint initiative with Oxford University. In a statement released Wednesday, the group said researchers led by FFI field biologist Channa Phan were conducting a ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ODkwYzM0ZDU2ZjA

Cambodia to issue new 100,000-riel banknote featuring royal family pictures

Cambodia will launch a new 100,000-riel banknote (in equivalent to 25 U.S. dollars) in order to celebrate the sixtieth birthday of King Norodom Sihamoni on May 14, a central bank official said Wednesday. A sub-decree on the issuance of the new 100,000-riel banknote was signed ...

http://news.xinhuanet.com/english/world/2013-05/08/c_132368449.htm

No Investigation of OZ Minerals Deal, Police Say

The Australian Federal Police (AFP) have decided not to investigate the Australian mining company OZ Minerals, saying information that the firm paid hundreds of thousands of dollars to family members of officials in the Ministry of Industry, Mines and Energy (Mime) when buying out its ...

http://www.camnet.com.kh/cambodia.daily/

South China Sea outlook

The disputes over sovereignty in the South China Sea are approaching a tipping point. As former ASEAN secretary-general Rodolfo Severino said last month: “The disputes cannot be resolved anytime soon, if at all. The most that can be done is to prevent them developing into armed ...

http://www.mmtimes.com/2012/news/643/news05.html

Laos makes moves on building Mekong dams

Even as its controversial Xayaburi Dam project is still drawing protest from Mekong river downstream countries such as Cambodia, Laos has inked a deal with South Korean firms to build and operate another large hydropower plant on the Mekong River network. According to the Phnom Penh ...

http://www.etmcambodia.com/viewarticles.php?articlesid=240

We Will Not Be Moved

They’re known as the BK13 and they’re not prepared to let greedy developers take the very, very little they have. They’re 13 women – mothers, grandmothers – who live around what used to be Boeung Kak Lake – not far from the centre of Cambodia’s ...

http://www.abc.net.au/foreign/content/2012/s3638845.htm

Chinese Arrivals To Cambodia Continue To Grow

Cambodia’s Tourism Ministry said about 231,000 Chinese visited Cambodia in the first six months of the year, up 55 percent over the previous year. Cambodia received 334,000 Chinese visitors in 2012, up 35 percent year-on-year, Xinhua news agency quoted the ministry saying in a report. Kong Sopheareak, ...

http://www.bernama.com.my/bernama/v7/wn/newsworld.php?id=970883

Villagers prepare for storm

Cambodians in the northern provinces are preparing for the remnants of super-storm Typhoon Haiyan, though forecasts now predict it will only mildly affect the Kingdom. In a warning issued on Friday, the Ministry of Water Resources and Meteorology said high winds and heavy rainfall would likely ...

Khouth Sophak Chakrya and Laignee Barron
http://www.phnompenhpost.com/national/villagers-prepare-storm

Hun Sen returns from fruitful week in China

Prime Minster Hun Sen ar­riv­ed back in Phnom Penh on Sunday after a weeklong visit to Chi­na for an international summit during which Chinese Premier Xi Jinping pledged $145 million in aid and soft loans to Cambodia. On Monday, AKP reported that China promised to ...

Phorn Bopha and Simon Henderson
http://www.cambodiadaily.com/news/hun-sen-returns-from-fruitful-week-in-china-59560/

Capital clash sees 10 injured

At least 10 people, one a 4-year-old child, were injured in a clash in the capital yesterday when security forces used electric batons to disperse about 300 villagers from Kratie province embroiled in a land dispute with a South Korean agribusiness. The villagers, from Kratie’s Snuol ...

Pech Sotheary
http://www.phnompenhpost.com/national/capital-clash-sees-10-injured

Koh Pich Awash With Development, but Don’t Ask for Details

Business is booming on Koh Pich. Since development began in 2006—and about 300 families were pushed off what was then farmland—the island has slowly grown into the symbol of commercial modernity in Phnom Penh. The developer, Overseas Cam­bodia Investment Corp., is also extending the island by ...

http://www.cambodiadaily.com/news/koh-pich-awash-with-development-but-dont-ask-for-details-36411/

World Bank Says Credit Growth Still a Risk

The World Bank has warned that the rapid growth of lending by Cambodia’s Banks is still a concern, despite a recent slow-down in credit disbursals. “Credit growth, which has been driven largely by wholesale and retail financing, and starting in 2011 agriculture financing, has eased to ...

http://www.cambodiadaily.com/business/world-bank-says-credit-growth-still-a-risk-20690/

E-Commerce Law goes ahead with WB funding

A draft law on e-commerce that would regulate electronic trade in Cambodia will arrive at the Council of Ministers in August, following revision by two other state institutions, officials at the Ministry of Commerce said Wednesday. Orm Dararith, director of the Ministry of Commerce’s legal department, ...

Hul Reaksmey
http://www.cambodiadaily.com/business/e-commerce-law-goes-ahead-with-wb-funding-60518/

Social Enterprises in Cabodia

Cambodia’s economic growth has been on the rise following the global downturn on 2008-2009 and experts say that the private sector is largely responsible for that growth. However, those same experts also acknowledge that the profits generated by companies operating in Cambodia aren’t trickling down ...

http://www.etmcambodia.com/

Varying Degrees of Progress Shown in Development Report

The government has made “remarkable development progress” in successfully guiding the country through the global financial crash of 2008, ensuring economic stability and enabling the government to meet the Cambodian Millennium Development Goal on poverty reduction, Prime Minister Hun Sen said yesterday. Speaking at the launch ...

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