News
Local markets still favorite
Markets like Olympic and O’Russey in Phnom Penh and the traditional fresh food markets in cities and towns across Cambodia are where the overwhelming majority of Cambodians get not only the food they eat, but also the basic household products they use. The shopping behavior data, provided by ...
http://www.phnompenhpost.com/index.php/2012100559118/Business/local-markets-still-favourite.html
ADB revises its Asia growth rate
The Asia Development Bank has revised its growth expectations for the entire region down to 6.1 per cent for 2012 in an update to its annual development outlook released in April. This revision comes after the IMF increased GDP projections for Cambodia to up to 7 per ...
http://www.phnompenhpost.com/index.php/2012100559119/Business/adb-revises-its-asia-growth-rate.html
Port more active over nine months
Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...
http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html
Buyers Laud Renewal of Industrial Relations Agreement
As buyers for international clothing brands yesterday praised the renewal of an agreement aimed at reducing strikes in the garment sector, labor unions and factory owners said that only proper implementation would determine the agreement’s effectiveness. Modeled after an earlier pact from 2010 to prevent work ...
Jobs crucial to development
Jobs are a cornerstone of development in developing countries, reducing poverty, making cities work and providing youth with alternatives to violence, according to a new World Bank report. Jobs are crucial for achieving economic and social development, the World Development Report 2013 said. According to ...
Hun Sen Adds Voice to Reactions Against UN Envoy's Report
Prime Minister Hun Sen yesterday appeared to add his voice to the strong government reaction against criticism from U.N. human rights envoy Surya Subedi. Mr. Subedi last month delivered reports on human rights and economic land concessions in Cambodia to the U.N. Human Rights Council in Geneva. His ...
Men Sarun rice to China
Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...
Government Prepares for More Evacuations Due to Flooding
Authorities are preparing to evacuate more than 150 families from Banteay Meanchey province’s O’Chrou district, should flooding in the area get worse due to heavy rainfall and runoff from a dam that opened its gates in Thailand on Monday. The families’ homes are already affected by ...
B Kak motodop recovers
A motodop at the center of the high-profile case against imprisoned Boeung Kak lake villager Yorm Bopha has returned to work after receiving treatment for head injuries, he said yesterday. Supporters of Nget Chet, 28, said during demonstrations last month that the motodop had been nearly brain damaged during an ...
MP dialogues focus on land
Villagers took an increasingly vocal stand on land issues during rare opportunities to speak with National Assembly members this past year, according to the National Democratic Institute. During the most recent town hall-style Constituency Dialogues, started by NDI in 2004 to promote contact between assembly members ...
http://www.phnompenhpost.com/index.php/2012100559126/National-news/mp-dialogues-focus-on-land.html
Hun Sen lambasts rights rapporteur
Prime Minister Hun Sen lashed out at the UN’s human rights envoy to Cambodia yesterday, saying Surya Subedi’s latest report skewed too heavily toward the opposition and suggested his talents might be better employed elsewhere. While the premier never mentioned the Nepalese national and Leeds ...
Strikes at two factories stretch into weekend
More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers. Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an illegal ...
Court Drops Investigation Into Killing of Activist Chut Wutty
The Koh Kong Provincial Court yesterday said it had dropped its investigation into the killing of environmental activist Chut Wutty, allegedly by a now-deceased military police officer in April. The court made the surprise announcement during the tril of Rann Boroth, who took the stand yesterday for the ...
Court drops Wutty case
Five months after the fatal shooting of forestry activist Chut Wutty, Koh Kong Provincial Court dropped his case yesterday morning, saying they would only be looking into the shooting of the man who allegedly killed Wutty – a trial that wound up lasting less than ...
http://www.phnompenhpost.com/index.php/2012100559135/National-news/court-drops-wutty-case.html
Upcoming Book Assesses Benefits and Limitations of Foreign Aid
A new book by a Cambodian-born author, due to be published this month, is set to bring the debate over Cambodia’s dependence on foreign aid into the spotlight. Since 1992, Cambodia has received more assistance for its development than almost any other country on the planet. ...
New Judge Appointed to Keat Kolney Land Dispute Case
The Ratanakkiri Provincial Court will appoint a new judge to process complaints filed by ethnic Jarai minority villagers against a firm owned by Keat Kolney, the sister of Finance Minister Keat Chhon, regarding a land dispute that has now dragged on for more than five ...
CAMBODIA: Rural poor lose out in land deals
Land governance policies in Asia, especially concessions made to private companies, are leaving the region’s poorest vulnerable to human rights abuses, experts say. “Land-grabbing by the rich and powerful continues,” Suson Bunsak, executive secretary of the Cambodian Human Rights Action Committee, said at the recent Asia ...
http://www.irinnews.org/Report/96452/CAMBODIA-Rural-poor-lose-out-in-land-deals
Mass Eviction Looms Ahead Of East Asia Summit
Hundreds of families living near Phnom Penh International Airport are facing imminent eviction from heir homes as security preparations begin for world leaders who will attend next month’s Asean and East Asia summits. A total of 387 families living on 6.3 hectares of land to the ...
Cambodia needs markets to export remaining 3 million tons of cassava products
Cambodia, the export of cassava in Cambodia is in low cost this year due to low demand and local farmers grow high production Prime Minister Hun Sen said: In Pursat and Battambang provinces alone have three million tons of cassava products for export Most cassava product exported ...
European Anti-Corruption Law Could Reach Cambodia’s Oil, Forestry Sectors
New European legislation passed last month could help transparency in the extractive industries, by forcing companies to declare payments to foreign governments rich in resources For resource-rich countries like Cambodia, that means much more transparency, she said. More than 95 percent of the world’s major extractive ...
ADB lowers Cambodia’s economic growth to 6.4% in 2012 due to weak global demand
The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...
Slowdown in garment exports from Cambodia
The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497
East Asia takes notice of Cambodia
One of the most well-informed personalities in the air transport business in Phnom Penh is Nicolas Masse, country manager for Dragonair, which operates daily flights from Phnom Penh to Hong Kong in the morning and evening using Airbus A320 and A330 aircraft. Comparing the January through ...
Civil engineering students on the rise
Students finishing their secondary education this year are carefully looking at market demand to decide what to study to ensure solid future earnings. Many educators say the recent growth of the construction sector in Cambodia is encouraging parents and students to enroll at the universities of ...
http://www.phnompenhpost.com/index.php/Real-Estate/civil-engineering-students-on-the-rise.html