News
Kingdom spending $3m to boost rubber quality
A $3 million initiative to purify the quality of rubber trees planted across the country is intended to spur farmers to plant more rubber, a government official said. Ly Phalla, director general of the General Directorate of Rubber at the Ministry of Agriculture, Forestry and Fisheries, ...
http://www.phnompenhpost.com/2013042965285/Business/kingdom-spending-3m-to-boost-rubber-quality.html
Cambodia’s Crude Oil Imports Fall 12 pct in Q-1
Cambodia imported 412,190 tons of Crude Oil in Q-1 of Y 2013, a 12% fall compared with the 471,000 tons it imported at the same period last year, the Commerce ministry’s report showed Saturday. During the January-March period this year, the country spent US$ 397-M to ...
Credit growth in Cambodia's banking sector slightly up in 1st two months
Cambodia’s banking industry recorded a slight increase in lending in the first two months of this year after a sharp rise last year, according to a consolidated data provided by the National Bank of Cambodia (NBC) on Saturday. The data showed that the kingdom’s 33 commercial ...
http://www.asean-china-center.org/english/2013-04/28/c_132347546.htm
Workers not allowed to march on Labor Day
Around 20,000 workers from the garment, construction, tourism, banking, service and agriculture sectors want to march to present a petition to the National Assembly on International Labor Day, May 1, but Phnom Penh City Hall did not approve the rally. City hall asked them to wait ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YWNjNWUyNzMwYmE
Adhoc defends Staffer in Incitement Claim
Human rights group Adhoc yesterday criticized a commune official in Pursat province’s Veal Veng district for accusing one of its staff of incitement and spreading disinformation after villagers traveled to Phnom Penh in March to protest over a land dispute with well known businessman Try ...
Cambodia's garment exports up 17 pct in Q1
Cambodia exported garment and textile products in equivalent to 1.34 billion U.S. dollars in the first quarter of 2013, up 17 percent from 1.14 billion U.S. dollars at the same period last year, the Commerce Ministry’s report showed Friday. Garment industry is the country’s ...
http://news.xinhuanet.com/english/business/2013-04/26/c_132342123.htm
ADB supports integration of regional energy systems
Countries in the Greater Mekong Sub-region can save US$14 billion over the next 20 years if they integrate their power transmission systems, according to a senior official from the Asian Development Bank. A regional power grid connection would enable countries with hydro-power plants to export energy ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZGE3NWI5YWNjYTV
Families Foresee Rocky Road Ahead
Fourteen Phnom Penh families claimed yesterday that government maps showing their houses in the path of a road-widening project were inaccurate and would condemn them to eviction without adequate compensation. Ek Malin, 57, a representative of the community on Street 347 in Tuol Kork district’s Boeung ...
http://www.phnompenhpost.com/2013042665262/National/families-foresee-rocky-road-ahead.html
Rubber draft law addresses regulatory holes
The government is drafting a rubber law to regulate the sector in response to the rapid growth of rubber plantations across the country, an official said. Ly Phalla, director general of the General Directorate of Rubber at the Ministry of Agriculture, Forestry and Fisheries, said officials ...
http://www.phnompenhpost.com/2013042665257/Business/rubber-draft-law-addresses-regulatory-holes.html
40 hectares razed in R’kiri
More than 40 hectares of protected forest in Rattanakiri’s O’Yadav district was razed by a Vietnamese company over the course of six days before they were stopped yesterday by villagers and investigators from rights group Adhoc, a local official said. Sav Hlin, a village chief in ...
http://www.phnompenhpost.com/2013042665270/National/40-hectares-razed-in-r-kiri.html
New CAA Fleet To Take Flight
Cambodia Angkor Air (CAA) intends to acquire seven more planes by 2015, more than doubling its existing fleet of five, as the airline plans new routes in the next few years to China, South Korea, Hong Kong and India. The plan was unveiled at an industry ...
http://www.phnompenhpost.com/2013042665258/Business/new-caa-fleet-to-take-flight.html
Scale of Wildlife Sanctuary Destruction Denied
A rights worker and forestry official yesterday contradicted a local newspaper report claiming that more than $100 million worth of timber had been illegally extracted from Ratanakirri province’s Lumphat Wildlife Sanctuary. Adhoc’s provincial coordinator for Ratanakirri, Chhay Thy, denied having said a total of 16,000 ...
http://www.cambodiadaily.com/news/scale-of-wildlife-sanctuary-destruction-denied-20366/
Rubber Firm Accused of Illegal Deforestation
A rubber company that has been repeatedly accused of encroaching on communal land belonging to an ethnic minority in Ratanakkiri province has cleared 150 hectares of forest outside of its economic land concession (ELC) in the past month, according to the senior investigator for local ...
http://www.cambodiadaily.com/news/rubber-firm-accused-of-illegal-deforestation-20367/
No Information on World Bank Bribery Allegations in Cambodia
More than a week after the World Bank blacklisted a Canadian construction firm over bribes allegedly paid in Cambodia and Bangladesh, it was still unclear Thursday whether the government, or the national anticorruption body, are investigating the allegations. SNC-Lavalin Inc. was banned from World Bank contracts ...
Group Lease boosts Singapore unit to fund Cambodia operation
Group Lease has decided to raise the capital of its wholly owned Singaporean subsidiary Group Lease Holdings to serve as the main funding source for its Cambodian motorcycle leasing operations after six months of satisfactory trial operations there. Cambodia, which is managed by Group Lease’s ...
Farmers Suffer From Illegal Pig Imports
Small pig farmers are struggling to stay in business as illegal imports of pigs from neighbouring countries rise, squeezing them out of the market, industry insiders say. Srun Peu, deputy director of the Cambodia Pig Farmers Association, an organisation with 4,000 members, said the increase in ...
http://www.phnompenhpost.com/2013042565222/Business/farmers-suffer-from-illegal-pig-imports.html
Incitement, Disinformation Suit Filed Against Rights Worker
A commune official in Pursat province’s Veal Veng district has filed a lawsuit accusing a human rights worker of incitement and disinformation after villagers the NGO staffer spoke to traveled to Phnom Penh to protest over a land dispute involving a well-known businessman Try Pheap. Pursat ...
Cambodia’s first dairy plant
Cambodia’s first dairy factory is being planned for Phnom Penh, as one of the owners, a Vietnam-based dairy company, hopes to tap strong local demand for its products. The 2.7-hectare factory, in the Phnom Penh Special Economic Zone (PPSEZ), would produce condensed milk, yoghurt and UHT ...
http://www.phnompenhpost.com/2013042565223/Business/cambodia-s-first-dairy-plant.html
Long Rainy Season to Help Increase Rice Yields
Farmers can expect better rice paddy yields this year compared to last year after the Ministry of Water Resources and Meteorology yesterday predicted that the rainy season would run from mid-May until November with only a short dry spell. Chhomg Sopal, agriculture development ...
http://www.cambodiadaily.com/news/long-rainy-season-to-help-increase%E2%80%88rice-yields-20266/
Demand for quality rice seed development
To enhance Cambodian rice yields, the government should encourage private development of rice-seed production and focus its efforts on farmers’ education and regulations that ensure the quality of seed, industry experts say. The Cambodian Agricultural Research and Development Institute (CARDI), under the direction of the Ministry ...
http://www.phnompenhpost.com/2013042565221/Business/demand-for-quality-rice-seed-development.html
Cambodia, Uruguay sign visa-free agreement for diplomatic, service passport holders
Cambodia and Uruguay on Thursday signed an agreement on visa exemption for diplomatic and official passport holders, aiming at creating close contacts among the two countries’ diplomats, officials and business people, officials said. The deal was inked here between Long Visalo, secretary of state at Cambodian ...
Mortgage Lending Rises for New Home-Buyers
Cambodians, particularly young adults, are more often turning to banks to help them buy their homes, according to figures obtained from the National Bank of Cambodia (NBC) yesterday. From $179 million in 2008, the total sum lent out to those buyers fell to $94.5 million ...
http://www.cambodiadaily.com/business/mortgage-lending-rises-for-new-home-buyers-20083/
Luxury tourism slowly on the rise
A helicopter flight tour to Preah Vihear is just one part of the 10-day Cambodia Immersion for Millionaires Tour launched this week. The cost per person? $25,000. According to Christopher Gramsch, sales manager for organiser Khiri Travel Cambodia, there is increasing demand among high-spending travellers and ...
http://www.phnompenhpost.com/2013042565220/Business/luxury-tourism-slowly-on-the-rise.html
Decision Pending in Dispute Between Villagers, Businesswoman
Farmers in Kompong Chhnang province locked in a land dispute with a local businesswoman are waiting for the government to make a decision on who owns the property after student volunteers measured the area earlier this month as part of Prime Minister Hun Sen’s nationwide ...
http://www.cambodiadaily.com/news/decision-pending-in-dispute-between-villagers-businesswoman-20022/