Amid stable outlook, Moody's confirms Cambodia credit rating
Moody’s Investors Service affirmed Wednesday Cambodia’s government issuer rating at B2 with a stable outlook, stating that recent labour unrest could result in only slightly slower economic growth this year. “Cambodia’s underlying credit strengths are expected to withstand the impact of recent political tensions and labor ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=MmM0MmU3NmU4MmU
Oral community to block entrance to forestland to protect from military clearance
Villagers in the Oral district of Kampong Speu province are digging in to protect what they claim as their community forest land, despite increasing pressure from the military to leave the site. ...
Sorn Sarath
https://cambojanews.com/oral-community-to-block-entrance-to-forestland-to-protect-from-military-clearance/
China IPO to benefit Kingdom
China’s Sinohydro Group Ltd earned US$2.12 billion in an initial public offering on the Shanghai Stock Exchange, the company announced yesterday. The move came just two months before Sinohydro launches the Kamchay Hydroelectric Dam in Cambodia’s Kampot province. The company expects the IPO to help fund ...
http://www.phnompenhpost.com/index.php/2011093051879/Business/china-ipo-to-benefit-kingdom.html
Major bank downgrade
Moody’s Investors Service announced yesterday it had downgraded the credit rating of ACLEDA Bank, citing the departure of two of the bank’s major investors in as many years. The loss of a second big sharehol-der in the first half of this year had led to ...
http://www.phnompenhpost.com/index.php/2011090251414/Business/major-bank-downgrade.html
Revenues for first seven months double to $1.6bn
The government has collected 6,557 billion riel, or about $1.6 billion, in revenues in the first seven months of 2011, a figure that is twice that of the $801 million in revenues that were collected during the same period last year, data released by the ...
Despite a slow start, SEZ profits booming
Special economic zones (SEZs), billed as a one-stop shop for potential investors, have had a slow start in the Kingdom – only 13 out of 30 registered zones are operational – with many failing to get off the ground given the difficulty in providing the ...
Sor Chandara
http://www.phnompenhpost.com/business/despite-slow-start-sez-profits-booming
Wages not cutting into exports
Despite industry concerns that a minimum wage increase to $128 earlier this year would hurt Cambodia’s garment exports, the garment and footwear sector – a mainstay of the economy – showed robust growth for the first half of 2015, netting around $3 billion, according to ...
Ananth Baliga
http://www.phnompenhpost.com/business/wages-not-cutting-exports
Cambodia's former opposition head says open to talks with PM
Cambodia’s former opposition leader Sam Rainsy said on Sunday he was open to talks with Prime Minister Hun Sen, who has held power since 1985, to end a crisis caused by the dissolution of the main opposition party ahead of elections in July. The Cambodia National ...
Prak Chan Thul
https://www.reuters.com/article/us-cambodia-politics/cambodias-former-opposition-head-says-open-to-talks-with-pm-idUSKBN1GG0S5
Calls to cooperate in sand export data
Civil society members and Ministry of Mines and Energy officials came together recently to discuss discrepancies in the export figures of sand from Cambodia to Singapore, after 47 NGOs wrote an open letter early this month to the ministry seeking an explanation. The letter from civil ...
Ven Rathavong and Ros Chanveasna
http://www.khmertimeskh.com/news/32210/calls-to-cooperate-in-sand-export-data/
WWF gets EU funds for conservation in Mondulkiri
The European Union will be funding conservation efforts in Mondulkiri’s Srepok and Phnom Prich wildlife sanctuaries to the tune of $3.3 million over the next five years, according to a press release yesterday. The project, Advancing CSOs Capacity to Ensure Sustainability Solutions (ACCESS), will be ...
Yon Sineat
http://www.phnompenhpost.com/national/wwf-gets-eu-funds-conservation-mondulkiri
CAMBODIA: Gap calls for probe into supplier strike
US retailer Gap Inc says it has “demanded an immediate investigation” in response to allegations of harassment at one of its suppliers in Cambodia. A strike at the Ocean Garment Factory in Phnom Penh has now entered its third week, despite a court ordering the 2,500 ...
http://www.just-style.com/news/gap-calls-for-probe-into-supplier-strike_id115380.aspx
Cambodia sees slight decrease in rice export in 7 months due to price competition
Cambodia had exported 89,800 tons of milled rice in the first seven months of this year, a 2.6 percent drop from 92,200 tons at the same period in a year ago, showed the statistics from the Ministry of Commerce’s Camcontrol Department on Thursday. However, the revenues ...
Energy issues focus for ASEAN
Prime Minister Hun Sen opened the 30th ASEAN Ministers on Energy Meeting yesterday in Phnom Penh, where ASEAN officials will focus on ASEAN green energy and develop a plan for ASEAN’s power grid, officials said. Victor Jona, deputy director general of energy of the General Department ...
http://www.phnompenhpost.com/index.php/2012091258643/Business/energy-issues-focus-for-asean.html
Floods may lead to evacuation of 13,000 families
Preparations are in place to evacuate some 13,000 people if flooding worsens in Purst province after the Pursat River burst its banks on Monday nights leading to the evacuation of 27 families in Kandieng district. Pursat provincial governor Khoy Sokha said that floodwater, which ...
Aun Pheap, P. 18
PM says economy to grow by 7 per cent
Prime Minister Hun Sen said on Monday that the Kingdom’s economic growth is forecast to grow at 7 per cent this year, according to news agency reports. “We still maintain our forecast of 7 per cent growth and the latest forecast showed that the inflation rate ...
Grassroots Forum Issues Demands Ahead of Asean
The Asean Grassroots People’s Assembly (AGPA) agreed yesterday on a list of demands it intends to present to the Cambodian and regional governments. A crowd of more than 2,000 people-including garment factory workers, victims of evictions, and sex workers, as well as undercover police-gathered at Phnom ...
The promise of pork
While the Kingdom’s biggest industrial pig farming company is seeing steady growth as the nation’s population and hunger for pork grows, small pig farmers are having a hard time of it in the face of fluctuating prices and lower cost imports from Thailand, according to experts and insiders who came to a recent ...
Drought hampers rice cultivation in Cambodia
Cambodia has cultivated 1.93 million hectares of land, only 82 percent of its 2.36 million hectare target, due to a delay in monsoon rains which hampered rice sowing in the country, according to a media release from the Ministry of Agriculture on Sunday. The report said ...
Cambodia: Mineral, Metal and Fuel Resources
Cambodia, with a total population of 14,952,665 as of July 2010, is located in Southeastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. The country mostly has a tropical climate and covers a total area of 181,035 km2 Cambodia’s key natural resources include ...
Review of Land Concessions Foiled by Rain, Leeches
Six months after Prime Minister Hun Sen ordered a moratorium on the granting of economic land concessions (ELCs) and a legal review of the concessions that already exist, the Agriculture Ministry has yet to begin the review process due to rain, and the danger of ...