Government

Cambodia must seek new trade partners

Cambodia will no doubt look to partners other than the US and the European Union to bolster its economic growth as those key export markets continue to struggle, a senior International Monetary Fund official says. One way in which Cambodia would forge new and growing relationships with higher-income ...

http://www.phnompenhpost.com/index.php/2012042355701/Business/kingdom-must-seek-new-trade-partners.html

City’s Transportation Workers Protest High Gasoline Prices

About 100 tuk-tuk drivers, motorcycle taxi drivers, vendors and other informal transportation workers protested against the high price of gasoline yesterday at the National Assembly, claiming the high petrol prices are cutting into their small profits. Vorn Pao, president of the Independent Democracy of Informal Economy ...

Sihanoukville port revenues up 22% on economic growth

Revenues earned by the Sihanouk Autonomous Port for the first quarter of this year jumped 22 per cent year-on-year to US$8.3 million, according to figures released yesterday by SAP. Exports of the Kingdom’s rice, garments and timber, coupled with imports of textiles, electronics and construction materials, ...

http://www.phnompenhpost.com/index.php/2012040655455/Business/sihankouville-port-revenues-up-22-on-economic-growth.html

Cambodia Bets Casinos Can Boost Tourism

Cambodian developers are betting that casinos can make the tiny Southeast Asian country a bigger draw for high-spending tourists. The nation of 15 million people has more than 25 casinos, but most are small affairs in rough-and-tumble border towns that cater to hard-core Thai, Chinese and ...

http://online.wsj.com/article/SB10001424052702304750404577317094266574870.html

Hu, Cambodian PM agree to advance ties

Chinese President Hu Jintao and Cambodian Prime Minister Hun Sen agreed here Saturday to advance the comprehensive relations of strategic cooperation and partnership between their two countries. In a meeting, the two leaders pledged to expand mutually beneficial cooperation in all fields and to double the ...

http://www.chinadaily.com.cn/china/2012HuAsiaTour/2012-03/31/content_14962294.htm

Mining revenues questioned

The Ministry of Industry, Mines and Energy earned US$1.52 million in non-tax revenues in 2011, a figure that an opposition lawmaker said was far lower than the actual revenues brought in on mining licences. The intake was more than 15 per cent higher than in 2010, ...

http://www.phnompenhpost.com/index.php/2012032255187/Business/mining-revenues-questioned.html

Court Upholds Anti-Corruption Unit Verdict

The Court of Appeal yesterday upheld a verdict sentencing the former Pursat Provincial Court prosecutor, Tob Chan Sereivuth, and two of his bodyguards to between 15 and 19 years in prison for bribery, illegal detention and extortion. Mr. Chan Sereivuth and bodyguards Ros Samnang and Chhit ...

Assembly Approves 2010 Gov’t Spending

Following a three-hour debate at the National Assembly, lawmakers passed a draft law approving the $2.5 billion the government spent in 2010. During the debate, CPP lawmaker Cheam Yeap presented a 10-page document that he said justified the $2.5 billion in spending, which was 25 percent ...

Angkor corruption alleged

An anonymous group on Saturday filed a corruption complaint with the Anti-Corruption Unit against senator Sok Kong’s Sokimex company’s management of the Angkor Wat temple complex. The complaint, dated March 10, alleges Sokimex has siphoned the majority of funds recouped from tourist entrance fees to the ...

http://www.phnompenhpost.com/index.php/2012031254983/National-news/angkor-corruption-alleged.html

Borei Keila residents herald pledge of aid

Borei Keila evictees who have been sleeping in stairwells near where their houses once stood said yesterday the Phnom Penh municipal authority had promised to help them find homes. Ka Rohanny, 35, a representative of the evicted residents, told the Post Kiet Chhe, deputy administrative president ...

http://www.phnompenhpost.com/index.php/2012030754903/National-news/borei-keila-residents-herald-pledge-of-aid.html

Gov't Bodies Ordered to Publish Prices for All State Services

The government has ordered all state institutions to start compiling a list of prices for all fee-based services so that individuals and companies can avoid informal payments, which were made illegal under the penal code last year, spokesman for the Council of Ministers Phay Siphan ...

Gov't Launches Campaign to Clean Up Cities Nationwide

Prime Minister Hun Sen yesterday said all of the country’s cities would compete with each other to beautify urban zones and attract more tourists in the newly devised Clean City contest. Nine Phnom Penh districts and 26 cities nationwide will be assessed on how clean ...

Budget fears as TB figures fall

Health officials and workers are concerned about budget shortages for the treatment of tuberculosis in the Kingdom as new data reveals that prevalence of the disease has declined 37 percent from 2002, officials said yesterday. Mao Tan Eang, director of the National Centre for Tuberculosis and ...

http://www.phnompenhpost.com/index.php/2012020954402/National-news/budget-fears-as-tb-figures-fall.html

Amnesty calls for release of detained protesters

Amnesty International yesterday called on authorities to immediately release the 30 women and children from the Borei Keila community being detained against their will at Phnom Penh’s Prey Speu Social Affairs Center. “Those people never should have been arrested in the first place,” said Amnesty’s Deputy ...

Probe under way on military logging case

The Anti-Corruption Unit (ACU) has launched an investigation into an October 2010 incident in which three RCAF soldiers allegedly opened fire on Forestry Administration officials who had just confiscated a haul of illegal wood, one of the officials involved said yesterday. An RCAF official, meanwhile, said ...

Senate ratifies record draft budget law

The Senate yesterday spent just 90 minutes ratifying the record $2.6 billion budget law for 2012, which will allow the government to borrow up to $1.1 billion from foreign lenders, according to a Senate statement ...

Hun Sen annuls results of bids for fishing lots

After discovering that government officials had fixed a bidding process for companies interested in operating fishing lots on the Mekong River, Prime Minister Hun Sen on Friday annulled the results of the bidding and rescheduled it for next year. Speaking at a plenary session at the ...

Budget pushed through

Cambodia’s 2012 budget passed through the National Assembly yesterday unopposed, without a single question asked and no parliamentary debate in a situation the government, opposition and observers all said was unfortunate. It took just over three hours for the law to be passed, 86 to 0, ...

http://www.phnompenhpost.com/index.php/2011112552980/National-news/budget-pushed-through.html

Regional bank meets with evicted railway families

The Asian Development Bank (ADB) met yesterday with the representatives of families evicted or facing eviction to make way for an ADB-funded railway project, and defended itself against complaints that the project was pushing some of them deeper into poverty. The ADB has billed the $142 ...

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, ...

Kingdom, WTO call on US to drop tariffs

Both Cambodia and the World Trade Organisation this week called on the United States to follow China’s lead in promising zero-tariff treatment to Least Developed Countries. Chinese President Hu Jintao, in a speech at the G20 summit in Cannes, France, on Friday, announced China would grant ...

http://www.phnompenhpost.com

State borrowing may spike

Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...

http://www.phnompenhpost.com

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