World Bank cuts growth outlook to 6%

Devastating floods as well as the economic slowdown in Europe and the US have prompted the World Bank to lower its outlook for Cambodia’s economic growth this year to 6 percent, down from a previous projection of 6.8 percent. In its economic update for the region ...

Land dispute villagers seek foreign aid

A group of about 100 villagers who have been embroiled in a long-running land dispute in Kandal province’s Kandal Stung and Takhmau districts gathered in Phnom Penh yesterday to file a petition with foreign donors seeking help in resolving the dispute. The villagers – part of ...

Man guarding land crushed by bulldozer

A 54-year-old man in Kratie province’s Snuol district was crushed to death under trees felled on Tuesday morning by bulldozers belonging to Vietnamese rubber company Dy Nam, an official said. District governor Iv Saphum said that Khem Kan, a representative of 77 families involved in a ...

Rebuilding underway as floods recede

All families evacuated during the worst floods Cambodia has seen in more than a decade have now returned home, the floodwaters have receded and relief efforts are coming to a close, officials said yesterday. Two hundred and fifty people, at least half of them children, died ...

Milled rice exports climb, prices soar

Cambodia’s milled rice exports increased by more than seven per cent year-on-year during the first 10 months of 2011, while international demand for the grain drove up rice prices by nearly 200 per cent, commerce officials said. The Kingdom exported more than 136,000 tonnes of milled ...

http://www.phnompenhpost.com/index.php/2011111852818/Business/milled-rice-exports-climb-prices-soar.html

Villagers protest for more flats

More than 100 Borei Keila villagers took to the streets yesterday to demand that Phanimex Company owner Suy Sophan honour a contract signed in 2003 that promised housing for 1,776 families in exchange for land. The protesters, holding banners, statues of the spirit and a pig’s ...

http://www.phnompenhpost.com/index.php/2011111852821/National-news/villagers-protest-for-more-flats.html

Land titles sought in Kompong Thom

The Kampong Thom provincial governor issued a letter on Tuesday to villagers living in Santuk district, ordering them to provide documentation confirming their ownership of land they reportedly “purchased” from brokers after it had already been assigned to relocated families, officials said yesterday. Deputy district governor ...

http://www.phnompenhpost.com/index.php/2011111752803/National-news/land-titles-sought-in-kampong-thom.html

Cambodia-South Korea trade jumps 45%

Bilateral trade between Cambodia and South Korea jumped more than 40 per cent year-on-year through September, according to the Korea Trade Investment Promotion Agency. Total trade between January and September reached $387 million, according to KOTRA, up 45 per cent from $267 million during the year-ago ...

http://www.phnompenhpost.com/index.php/2011111552748/Business/cambodia-south-korea-trade-jumps-45.html

Issues with Kingdom's rice exports

Cambodian rice trader TTY Corporation has said the Kingdom cannot meet a new 200,000-tonne export quota for shipping high-quality rice to China. State-owned Sinograin’s order for three varieties of milled fragrant rice was a deviation from an agreement struck with TTY in August, TTY deputy director-general ...

http://www.phnompenhpost.com/index.php/2011111552751/Business/issues-with-kingdoms-rice-exports.html

Firm denies dam report bias

A consulting firm commissioned by the Lao government to prepare a report on the controversial US$3.8 billion Xayaburi dam project has rejected claims by environmentalists that their assessment was “biased” due partly to existing ties with a project backer. On Wednesday, conservation group International Rivers claimed ...

http://www.phnompenhpost.com

Prey Long march ends, villagers still resolute

After walking and camping in the jungle for more than a week, Tha Sros and hundreds of other villagers finally reached the winding red dirt road that lead to the rubber plantation of Vietnamese-owned CRCK company, which has cleared a vast 6,000-hectare swathe out of ...

Prey Long forest campaigners march on rubber plantation

Angered by the clearing of parts of Prey Long forest, several hundred indigenous minority villagers marched on a rubber plantation here in northern Kompong Thom province yesterday night and breached its gate in order to demand that the company stop cutting down trees in the ...

Tariffs on rice slashed to help fuel exports

As part of a continuing push to bolster rice exports, the government has agreed to waive all export tariffs on milled rice and will also eliminate value-added tax (VAT) on paddy rice purchased domestically. According to a promulgation signed last month by Finance Minister Keat Chhon, ...

Dry season rice crop jeopardized

The Center for Study and Development of Agriculture (Cedac) is calling on the government and microfinance firms to issue low-interest loans for flood-stricken farmers in order to save this year’s dry season rice harvest. Floods have destroyed 10 percent of the rainy season rice crop and ...

Villager shot by soldier at site of land dispute

Military police in Ratanakiri province arrested an RCAF officer Monday evening for shooting a 20-year-old villager who was riding his motorcycle across land at the center of a long-running land dispute between ethnic minority villagers and rubber company DM Group, officials said yesterday. RCAF second lieutenant ...

Floods and crisis sink rubber price

Rubber growers and exporters in Cambodia stalled exports as rubber prices continued a sharp decline that companies attributed to flooding in Thailand and economic turmoil in Europe. Heng Sreng, general director of Long Sreng International Co Ltd and owner of Boeung Keth Rubber Plantation in Kampong ...

http://www.phnompenhpost.com

Weak spots seen in Kingdom trade

While the World Trade Organisation yesterday lauded Cambodia’s economic achievements since joining in 2004, officials pointed to the lack of much-needed financing for the Kingdom’s burgeoning trade sector. Cambodia lacks the capacity to finance the manufacturing and agriculture exports that would allow the country’s industries to ...

http://www.phnompenhpost.com/index.php/2011110852601/Business/weak-spots-seen-in-kingdom-trade.html

Villagers campaigning to save forest harassed, NGO says

As hundreds of villagers belonging to the Prey Long People’s Network began a week-long campaign to save Prey Long forest, Kompong Thom province military police intervened Sunday and prevented a group of about 80 villagers from joining the campaign, an environmental activist said yesterday. Chut Wutty, ...

UAE considering Kingdom's rice

Cambodia plans to expand its exports of milled rice and other agricultural products to the United Arab Emirates, Minister of Commerce Cham Prasidh said yesterday. The UAE seeks a replacement for the milled rice it would otherwise import from Thailand, where the worst flooding in decades ...

http://www.phnompenhpost.com

Exports reach $3.5 billion in the first nine months

Total exports during the first nine months of the year rose 41 percent to $3.5 billion compared to the same period in 2010, according to data released by the Ministry of Commerce. Of the total amount, $3.1 billion was in garments, $10 million in paddy rice, ...

Cassava exports jump 94%

The Kingdom’s cassava exports soared 94 per cent year-on-year in the first nine months of 2011, despite the recent flood devastation the agriculture sector has experienced, according to Ministry of Commerce figures. The statistics showed that Cambodia’s export of dry and fresh cassava hit about 22,652 ...

http://www.phnompenhpost.com/index.php/2011101952198/Business/cassava-exports-jump-94.html

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