Board Passes Nearly $850M in Investments

The Cambodian Investment Board approved nearly $850 million worth of investment projects between the start of the year and the end of July, data from the Council for the Development of Cambodia (CDC) shows. According to the data, 90 projects worth $845.26 million were approved during the first ...

CP Group plans more investment in Indochina

Charoen Pokphand Group is leaning towards investing more in Indochinese countries in light of their growing economies and regional trade liberalisation through the Asean Economic Community in 2015. Cambodia, Laos, Myanmar and Vietnam have a wealth of natural resources that could support the group’s products from ...

http://www.nationmultimedia.com/business/CP-Group-plans-more-investment-in-Indochina--30190834.html

Anti-Eviction Activists Ask EU, World Bank for Help

Residents of Phnom Penh’s Boeng Kak and Borei Keila communities delivered petitions to the offices of the European Union and World Bank yesterday in their ongoing attempts to enlist Cambodia’s aid donors in their efforts to have jailed anti-eviction activists released from Prey Sar prison. ...

Luxury Hotel Resort Threatens Bokor Mountain's Biodiversity

An ongoing project to build hotels, luxury villas and a casino on Kampot province’s Bokor Mountain is a threat to the area’s unique animal and plant species, according to two new studies. Local conglomerate Sokimex Group has been granted property development rights on the entire mountain, ...

Construction sector investment soars

Investment in the Cambodian construction sector reached US$1.38 billion in the first seven months of 2012, an 85-percent rise over the same period last year, according to figures from the Ministry of Land Management, Urban Planning and Construction. During the January to July period this year, the ministry ...

http://etmcambodia.com

Brown rice standards are being promoted

Cambodian officials have begun to raise awareness on the forthcoming government issued standards for Cambodian milled brown rice, in an effort to guage reactions ahead of the official approval by the National Standards Board, according to officials. The official approval, aimed at promoting brown rice in ...

http://www.phnompenhpost.com/index.php/2012091958785/Business/government-promotes-new-brown-rice-standards.html

WHO Urges Higher Taxes On Tobacco

The World Health Organization (WHO) yesterday urged Cambodia to increase taxes on cigarettes and other tobacco products-currently the lowest in the world-in order to raise revenue and deter smokers. Ayda Yurekli, coordinator of the WHO’s tobacco control economics unit, said during a workshop in Phnom Penh ...

Tobacco tax increase likely

Increasing the tobacco retail tax — one of the world’s lowest at 10 per cent of unit price for domestically produced cigarettes — would deter smokers and increase government revenue while having minimal effect on tobacco producers, Ayda Yurekli, co-ordinator for the World Health Organization’s ...

http://www.phnompenhpost.com/index.php/2012091858767/National-news/tobacco-tax-increase-likely.html

Anniversary Marked With Fiery Demonstration

Residents of Phnom Penh’s Boeng Kak neighborhood burned straw effigies symbolizing corrupt government officials yesterday to mark the one-year anniversary of the demolition of eight homes at the contested site. Roughly 100 protesters gathered at the site of the demolitions and set fire to eight scarecrow-like effigies- one ...

Spirit of the Forest

Once a majority ethnic minority province where Tampoun, Jarai and Kreung speakers outnumbered the Khmer, Ratanakkiri is now one of the country’s fastest growing provinces where inhabitants of lowland provinces, particularly Kompong Cham, Svay Rieng and Prey Veng, are flocking in search of a better ...

Mondolkiri Minority Villagers Divided Over Land Titles

Ethnic Bunong villagers in Mondolkiri province’s Pech Chreada district are bitterly divided over how best to protect their ancestral land amid efforts by authorities to map it in preparation for property titles. Bosra commune chief Yoeth Sarin said that since student volunteers-deployed across the country as ...

Rights Groups Condemn Charges Against Anti-Eviction Activists

International human rights groups added their voices to the chorus of criticism over the detention of two female anti-eviction activists from the Boeng Kak and Borei Keila communities, accusing the court of failing to honor fair trial standards. In a statement issued late Thursday, Amnesty International, ...

Top Glove wants to source for its own latex

TOP Glove Corp Bhd became the first rubber glove maker to move upstream by acquiring its own rubber plantation land to ensure a consistent supply of latex At for the purchase price of RM22mil, it translates to RM715 per ha, which is also 35% cheaper than ...

http://biz.thestar.com.my/news/story.asp?file=/2012/9/15/business/12014933&sec=business

Bridge to Be Built Over Flooded Road in B Meanchey

Amid flooding caused by heavy rain in Thailand, Banteay Meanchey provincial officials have commissioned the construction of a steel bridge over an inundated section of road on the outskirts of Poipet City, officials said yesterday. Flooding in Preah Vihear province, which started last week following heavy ...

Local Farmers Can't Compete With Cheap Pork

Cambodians like pork. The average Cambodian consumes almost 9.29 kg of the meat each year, and local farmers supplied about 2 million pigs, more than 90 percent of the domestic demand, in 2008. But the market for small-scale pig farmers has flown. Live pig prices have fallen ...

Hundreds of Taxi Drivers Protest for Third Time

More than 200 motorcycle-taxi drivers gathered in Phnom Penh’s Freedom Park yesterday, for the third time, to protest against human rights groups who have characterized the recent arrest of two anti-eviction activists as politically motivated. The little known taxi drivers’ union, Cambodia for Confederation Development Association ...

Speculators pounce on rice market as prices rise

Speculators have been selling rice to Thailand via Cambodia for over a month despite domestic prices rising VND1,000/kg. At the meeting of Vietnam Food Association (VFA) on September 7 in HCM City, Director of An Giang Export Company Nguyen Van Tien said the amount of rice ...

http://english.vietnamnet.vn/fms/business/43907/business-in-brief-12-9.html

In Cambodia, Project Alba helps farmers increase income, protect against seed raiders

In parts of rural Cambodia, farmers’ primary source of income comes from harvesting rice — once a year. This is a poor outcome compared to other ASEAN countries which harvest twice or thrice a year. To help increase farmers’ income, Victor Combal-Weiss and Guillaume Virag founded ...

http://sgentrepreneurs.com/2012/09/12/in-cambodia-project-alba-helps-farmers-increase-income-protect-against-seed-raiders/

District Governor Questioned Over Clearing Protected Forest

The Phnom Penh Municipal Court questioned a district governor from Kampong Thom province yesterday over his involvement  in clearing protected flooed forest in the province in July. Prim Rottha, Stong district governor, is one of about 20 officials who received court summonses in July over their suspected ...

Rat meat on the menu at the Vietnamese border

Eating rat is a common phenomenon over the border in Vietnam, but increasing numbers of Cambodians in nearby villages are adopting rodent cuisine with relish. As many as three tonnes of rats are caught every day in Cambodia and exported to Vietnam to feed a ...

http://www.phnompenhpost.com/index.php/2012091258640/Lifestyle/rat-meat-on-the-menu-at-the-vietnam-border.html

Cambodian Activists Call for International Sugar Boycott

Human rights monitoring groups and Cambodian activists are calling for an international boycott of Tate & Lyle and Domino Sugar, who do business with sugar suppliers accused of participating in government-sanctioned land grabs and illegal evictions throughout rural Cambodia. According to the Cambodian League for the ...

http://www.corpwatch.org/article.php?id=15782

Cambodia's Trade Grows By 15 Percent

Cambodia’s total trade volume grew 15.41 percent to reach$7.46 billion in the first seven months compared to the same period last year, according to data released yesterday by the Ministry of Commerce. Revenues earned through exports reached $2.9 billion, an increase of 11.82 percent compared to ...

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