News

Official Arrested After Blocking Land Program

The former deputy administration director from Kratie province was arrested yesterday, accused of incitement for interfering with the work of student volunteers in Prime Minister Hun Sen’s land-titling project, an official said. Chin Hongsry, 60, is accused of undermining the volunteers by telling the villagers to ...

Sinking feeling on river's edge

About 50 villagers in Kandal province protested yesterday in an attempt to halt the activities of a Vietnamese sand-dredging company, which they said has caused a huge swath of their land to slide into the Mekong River. Residents of Kien Svay district’s Koh Prak village said ...

http://www.phnompenhpost.com/index.php/2012082758300/National-news/villagers-allege-dredging-caused-landslide.html

Stocks Slow as CSX Sees First Day Without Trades

For the first time since the bourse went alive in April, no trading took place on the Cambodian Securities Exchange on Friday. The share price of the bourse’s sole listing, the Phnom Penh Water Supply Authority (PPWSA), remained flat at 6,450 riel ($1.58) at the end ...

Improve yields while the sun shines: NGO

This year’s dry spell could be an opportunity rather than a disaster for farmers, Cambodian Center for Study and Development in Agriculture (CEDAC) officials said yesterday. Although drought has destroyed several thousand hectares of crops in the past two months, Cambodia’s largest agricultural NGO is encouraging farmers to ...

http://www.phnompenhpost.com/index.php/2012082758303/National-news/improve-yields-while-the-sun-shines-ngo.html

Earning money and making a difference

Social enterprise may be more than just a buzzword if last Saturday’s attendance at Cambodia’s second-ever conference on the matter was anything to judge by. The 350 person-plus crowd of attendees consisted predominately of Cambodians, for whom doing business appears to be about more than merely ...

http://www.phnompenhpost.com/index.php/2012082758283/Business/the-business-of-making-a-difference.html

Fretting 'ASEAN-alisatinon'

The vision regional leaders have for an ASEAN Economic Community by 2015 may become clearer after this week’s Economic Ministers meeting in Siem Reap, but not everyone has a rose-coloured view of what such integration might mean for Cambodia. Students who have not mastered the ...

http://www.phnompenhpost.com/index.php/2012082758305/National-news/cambodian-students-fear-losing-jobs-to-asean-neighbours.html

Officials to Be Questioned Over Destruction of Flooded Forest

A district governor and two fisheries officials are among 10 people who will be questioned at the Phnom Penh Municipal Court next week over the destruction of flooded forest to make way for dry-season rice fields in Kampong Thom province, an official said yesterday. On July 27, ...

Cambodia: Mekong River Dredging Causes Major Concerns

The Sahrika reports that around 50 villagers in Kandal province protested yesterday in an attempt to stop the sand dredging operation on the Mekong River. “The activity of sand dredging has severely affected our villagers’ lands and houses”, said village representative Tuy Phy. Kandal province residents believe ...

http://www.dredgingtoday.com/2012/08/27/cambodia-mekong-river-dredging-causes-major-concerns/

Cambodia: Rich-poor gap hinders ASEAN integration

Southeast Asian nations must redouble efforts to bridge development gaps which threaten the region’s efforts to create an EU-style single market, Cambodia’s prime minister said Monday. Building an ASEAN economic community by 2015 is the “top priority”, Hun Sen said as he opened the annual ...

http://www.gmanetwork.com/news/story/271396/economy/finance/cambodia-rich-poor-gap-hinders-asean-integration

Cambodia to enhance laws on intellectual property

Francis Gurry, director-general of the World Intellectual Property Organization (WIPO), on Monday pledged to continue helping Cambodia in formalizing and strengthening laws on intellectual property Meanwhile, Hun Sen highly appreciated the WIPO for its assisting Cambodia in the sector, saying that since Cambodia became a member ...

http://www.globaltimes.cn/content/729325.shtml

Indonesia Bonding With Cambodia in Trade

Indonesia was involved in advanced talks in Cambodia during the late 1980s. Known as the Jakarta Informal Meeting, Indonesia was trying to help put an end to Vietnam’s invasion of Cambodia, in what some observers called the Third Indochina War (1978-91). Despite these close ties, ...

http://www.thejakartaglobe.com/business/indonesia-bonding-with-cambodia-in-trade/540441

ASEAN ministers to discuss progress in economic integration

Economic ministers from the 10 ASEAN countries are meeting in Siem Reap, Cambodia on Monday to discuss the progress in regional economic integration initiatives. They will also focus on working towards establishing an ASEAN Economic Community by 2015.. ...

http://news.xin.msn.com/en/singapore/asean-ministers-to-discuss-progress-in-economic-integration

Korean tourists fuel demand for dog meat in Cambodia

Riding a motorcycle with a cage, Pov Nat scours rural areas for dogs. He pays between 30,000 ($7.38) and 80,000 riel a head and sells the animals to a butcher in Siem Reap. The 21-year-old native of Kampong Cham province began buying dogs after coming to ...

http://view.koreaherald.com/kh/view.php?ud=20120826000233&cpv=0

Thai-Cambodian central banks sign MoU

The Bank of Thailand (BOT) on August 25 signed a memorandum of understanding (MoU) on Exchange of Banking Supervision Information with the National Bank of Cambodia (NBC), the regulator of financial institutions in Cambodia. The MoU provides a formal basis for banking supervisory cooperation between the ...

http://www.nationmultimedia.com/business/Thai-Cambodian-central-banks-sign-MoU-30189102.html

U.S. Trade Representative Ron Kirk to Visit Cambodia, Meet with Association of Southeast Asian Nations (ASEAN) Ministers

United States Trade Representative Ron Kirk will be in Siem Reap, Cambodia, August 30-31, to participate in the Association of Southeast Asian Nations (ASEAN) Economic Ministers’ meeting and the ASEAN-U.S. Business Summit. The ten ASEAN countries are key economic and strategic partners for the United States, ...

Cambodia Hosts 44th ASEAN Economic Minister Meeting

The 44th economic ministers (AEM) meeting and related meetings will be held from 25 August-1 September, 2012 in Siem Reap province. The ministers will focus on the economic community in 2015 and boost economic council to move forward  because this community is going smoother than other two ...

Vietnamese Goods Fair Opens In Phnom Penh

The 10th High Quality Vietnamese Products and Exports trade fair opened yesterday in the Cambodian capital city of Phnom Penh. It has attracted around 150 firms who have  set up 250 booths to display more than 2,000 products, including electronics, consumer goods, stationary, books, construction materials, ...

Cambodia Proposes New Initiatives For Green Tourism

In line with Royal Government policy determining tourism as the Green Gold, 2011 is the year that we commenced mainstreaming the green tourism concept to all stakeholders. Cambodia started some new initiative to inspire green tourism in the country. “The Clean and Green Concept is basically ...

UN: Investing in Women Entrepreneurs & Business Leaders is Smart Economics

(UN ESCAP Strategic Communications and Advocacy Section)- “Investing in women’s entrepreneurial leadership, and the empowerment of women, is smart economics- which is why women’s empowerment is one of the most important development priorities for the countries of Asia and the Pacifc,” said Dr. Noeleen Heyzer, ...

Cambodia And Vietnam Trade Continues To Grow In 2012

Trade between Vietnam and Cambodia exceeded US$1.9 billion dollars in the first seven months of this year, the High Quality Vietnamese Goods Business Association said yesterday. Speaking at a news conference, an association official said Vietnamese exports to Cambodia came to $1.6 billion in the seven ...

UN Secretary General will visit Cambodia in November

UN Secretary-General Ban Ki-moon will visit Cambodia in November to attend the 21st ASEAN Summit and East Asia Summit, a senior UN official said here Thursday. Noeleen Heyzer, UN Under Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), ...

Cambodia's Economic Growth Expects To Be 7% In 2012

“Cambodia’s economic growth will stand about 7 per cent this year,” director general of National Bank of Cambodia His Excellency Chea Chanto said. He adds: “Cambodia is trying to diversify its economies to boost the growth.” At the same time, the report from World Bank said: ...

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