Disasters

Floods

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

Insurers hit with few flood claims

The number of flood-related insurance claims has been fewer than expected despite the Kingdom’s worst flooding in a decade, industry insiders say. Although the floods, which began in late August, had affected large sections of the country, few claims had been made, Infinity Insurance chief executive ...

http://www.phnompenhpost.com

Floods drive fishing sector

Increased fishing yields due to floods have led to an increase in rental fees for the Kingdom’s fishing lots compared to 2010, according to official data. Revenues from bidding on 52 fishing lots in Phnom Penh and four other provinces increased by US$735,000 year to date, ...

http://www.phnompenhpost.com/index.php/2011110252470/Business/floods-drive-fishing-sector.html

Food security in focus as floods recede

The government had set aside 3,000 tonnes of rice seeds to distribute to farmers whose crops were destroyed by flooding and had so far distributed 1,900 tonnes of rice to those affected by the floods in 18 provinces, the National Committee for Disaster Management said ...

http://www.phnompenhpost.com/index.php/2011110252479/National-news/food-security-in-focus-as-floods-recede.html

Crocodile prices down, breeders blame floods

Cambodian crocodile farmers have blamed the falling price of the reptile on flooding, which they say has turned away Thai and Vietnamese buyers – the market’s cornerstone. Prices for young crocodiles have dropped 25 per cent since August, Kandal breeder Kaing Sarin said. His reptiles fetched ...

http://www.phnompenhpost.com/index.php/2011102852397/Business/crocodile-prices-down-breeders-blame-floods.html

Nonperforming microloans swell due to floods

Total outstanding loans in the microfinance sector reached $815.47 million in the third quarter, a 25.8 percent rise compared to beginning of the year, according to data released yesterday by the Cambodia Microfinance Association (CMA) Despite growth in the sector, microfinance institutions said nonperforming loans were ...

Floods to push up non-performing loans in 4th quarter

The worst floods in a decade may boost the number of nonperforming loans in the Kingdom’s microfinance industry in the fourth quarter, insiders said yesterday. However, those insiders said the damage done to Cambodia’s agriculture sector would not have a significant impact given the MFIs’ diversified ...

http://www.phnompenhpost.com/index.php/2011102652342/Business/floods-to-push-up-non-performing-loans-in-4th-quarter.html

Government looks at flood recovery ahead

The Agriculture Ministry is preparing to distribute rice seedlings in an effort to replace more than 220,000 hectares of rice paddy that has been destroyed by flooding. However, by the time floodwaters recede, there won’t be enough time left in the rainy season to replant ...

Poor farmers are hit the hardest by damage from floods

With ongoing floods causing an unprecedented $521 million in estimated damages, economists warn that poor farmers are being the hardest hit. The latest government estimate marks a roughly threefold increase from an earlier prediction of more than $161 million, which was the cost of the ...

New UN flood numbers grim

The latest United Nations assessment shows that the damage from flooding is far worse than previously thought, according to a report received by the Post late yesterday. Drawing on data from three ministries as well as the National Committee for Disaster Management (NCDM), the assessment raises ...

http://www.phnompenhpost.com

Banks spared flooding woes

Cambodia’s banks should be largely spared the heavy damages already seen in many parts of the Kingdom’s economy, officials said yesterday, though microfinance lenders will feel some impact. Minister of Economy and Finance Keat Chhon last week revised downward the government’s gross domestic products for 2011 ...

http://www.phnompenhpost.com/index.php/2011101952199/Business/banks-spared-flooding-woes.html

Foreign donors slow on giving flood aid

As tens of thousands of families continue to struggle with ongoing flooding, delays are still hampering the provision of overseas aid, with some donors holding back on distributing funds. China flew in two planes, laden with supplies worth $8 million, over the weekend and the South ...

Floods force GDP revision

Cambodia has lowered its economic growth projection from 7 to 6 per cent for 2011 after more than a month of flood devastation in the Kingdom and continued economic turmoil in the United States and Europe, Deputy Prime Minister Keat Chhon said yesterday. The full impact ...

http://www.phnompenhpost.com/index.php/2011101252083/Business/floods-force-gdp-revision.html

Flood costs to surpass $100m

PERSISTENT flooding in several areas of the Kingdom could result in more than US$100 million worth of damage, the National Committee for Disaster Management said yesterday. Flood waters have killed 207 people since early September and forced more than 32,000 families from their homes, according to ...

http://www.phnompenhpost.com/index.php/2011101152037/Business/flood-costs-to-surpass-100mn.html

Floods extend dengue season

Recent flooding has extended the dengue fever season this year, the National Dengue Control Program said on Tuesday. Officials added that more than 12,000 people, primarily children, had been hospitalised so far this year with the mosquito-borne infection. Dr Ngan Chantha, head of the NDCP, said “12,392 ...

http://www.phnompenhpost.com/index.php/2011100651987/National-news/floods-extend-dengue-season.html

Coordination of flood aid questioned

As floodwaters across the country remain high after almost two weeks of flooding, tens of thousands of families are still waiting in unsanitary comnditions for emergency supplies such as food and water. But while help trickles down to affected communities, aid groups have begun to question ...

Flooding destroys 3% of national crop

Three percent of the country’s rice crops have been destroyed by flooding in provinces along the Mekong River and around the Tonle Sap lake, and another seven percent is at risk of being lost, the minister of agriculture said yesterday. New government estimates also show that ...

Flooding damage to eclipse Typhoon Ketsana

As severe flooding continues to plague provinces along the Mekong River and around the Tonle Sap lake, new figures released by aid groups and officials yesterday showed that the scale of the disaster is far bigger than initially expected and could be worse than Typhoon ...

Minister says floods affect 90,303 families

Flooding has affected 90,303 families and flooded 83,007 houses nationwide, while 13,402 families have been evacuated so far from inundated areas, Minister of Information Khieu Kanharith said Monday. Citing data from the National Committee for Disaster Management (NCDM), Mr Kanharith also said in a posting to ...

Emergency cabinet meeting called over floods

An emergency cabinet meeting has been called for today to discuss disaster response and prevention in the face of severe flooding that has hit many parts of the country. More than 132,000 hectares of rice paddy field have been inundated with water since flooding began earlier ...

Flooding has killed 62, displaced thousands

Continuing flooding along the Mekong River and around the Tonle Sap lake is taking a severe toll on local communities, government officials said Friday, as they released preliminary figures showing that 62 people had been killed in the floods, 5,000 families had been displaced, and ...

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