News
Hun Sen says Wage Changes Are Not Up To The Government
Prime Minister Hun Sen said yesterday that the government has no role in setting the minimum wage, as Cambodia is a market driven economy, and shot down unnamed people who have been calling for the government to significantly raise the country’s floor wage of $61. “For ...
http://www.cambodiadaily.com/news/hun-sen-says-wage-changes-are-not-up-to-government-14455/
Vehicle registration grows despite flaws in the system
An absence of public transport, improved roads and the economic development of Cambodia’s rural areas was reflected in an increase in vehicle registrations by 7.7 per cent from 2011 to 2012, official data shows. However, as an insider said yesterday, many cars and motorcycles will ...
Banong Families Receive Communal Land Tiles
Seventy-two ethnic minorities Banong families received communal titles to a combined 1,008 hectares of ancestral land in Mondolkiri province yesterday morning in a ceremony attended by Land Management Minister Chhun Lim. Communal titles were designed to protect the ancestral lands of the country’s minorities from outside ...
At Fuel Pumps, Price and Quality Are Anybody’s Guess
PHNOM PENH – Cambodia imports all of its fuel from abroad, but little regulation in the sector means everyday Cambodians see all kinds of prices at the pumps. Prices are high in Phnom Penh, while sometimes cheaper on the outskirts of the capital and even ...
http://www.voacambodia.com/content/at-fuel-pumps-price-and-quality-are-anybody-guess/1619374.html
Farmers of cassava afraid of losing out to a lack of rainfall
The price for cassava plants is increasing in the Kingdom’s north-western provinces, where the new season started. Due to the lack of rain many were damaged, according to farmers and officials. Sreng Sreang, deputy director of the Pailin longan collective, which planted about five hectares of ...
Phnom Penh Gains Partnership With Tennessee City
The Phnom Penh Municipality and delegates from Cleveland, Tennessee, yesterday signed a memorandum of understanding to establish sister-city status, officials said. “While we are welcoming [the delegates], there are people outside who are demanding that we solve their housing problems,” said Phnom Penh Governor Kep ...
The drugs don’t work: Despite the best efforts of the authorities, producers of fake medicines are making a killing in Cambodia
“Counterfeit medicine kills, while real medicine heals.” This was the simple but apt message selected just over a year ago for a poster campaign in Cambodia that aimed to raise awareness of the risks of counterfeit medications, as part of a government crackdown on the ...
EU fund of over $4.5 mln in Cambodia
The European Union in efforts to reduce the poverty rate and secure a free society has awarded $4.5 mln to four projects. These projects will work to improve justice, natural resources, land rights, and build the capabilities of local authorities. Four projects were selected among ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=ODhhZmVjNmU1OTd
Limited yarn supply troubles Cambodian silk industry
The silk industry of Cambodia is in rapid decline due to limited domestic supply of silk yarn and high cost of imported raw materials. According to the latest data released by the Food and Agriculture Organization (FAO)-Cambodia, the Southeast Asian nation imports 395 tonnes of raw ...
http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=122102
US Firm to Open Its Second Casino in Cambodia
A U.S.-listed gaming company is set to open its second casino in Cambodia next month, the company said as it announced its revenues had grown to more than $20 million in 2012. Entertainment Gaming Asia Inc. (EGA), which is backed by Macau-based Melco International Development Limited ...
http://www.cambodiadaily.com/business/us-firm-to-open-its-second-casino-in-cambodia-14421/
Project to reduce flooding
The government has announced plans for a landmark project to create a system for diverting and then stocking waste water, in a bid to prevent run-off into the streets of Phnom Penh and the Tonle Sap river. Moeung Sophan, a consultant to the Phnom Penh Department ...
http://www.phnompenhpost.com/2013031161854/National/project-to-reduce-flooding.html
CNRP Rallies Garment Workers With Promises of Change
Speaking to hundreds of garment workers yesterday in Phnom Penh, Kem Sokha, deputy president of the Cambodia National Rescue Party (CNRP), appealed to those in attendance to vote for the newly formed opposition party, promising higher wages, social security and free access to schools and ...
Sides dig in over minimum wage
Unions and the Garment Manufacturers Association in Cambodia (GMAC) are unlikely to walk out of their final minimum wage meeting today with an agreed-upon increase for workers, industry insiders said yesterday. Both parties have reaffirmed their respective positions: GMAC secretary-general Ken Loo said yesterday that “nothing’s ...
http://www.phnompenhpost.com/2013031161866/National/sides-dig-in-over-minimum-wage.html
Chinese Firms Foresee Industrial Hub in Preah Vihear
Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...
Millers need greater access to credit: Govt
The Ministry of Commerce and bank officials announced yesterday that they will hold a meeting next month aimed at better facilitating rice millers’ access to credit. The move is part of the Asian Development Bank’s Climate Resilient Rice Commercialization Sector Development program to address food security ...
http://www.phnompenhpost.com/2013031161863/Business/millers-need-greater-access-to-credit-govt.html
Koh Kong Families Ask Hun Sen for Help in Dispute
More than 40 families from Koh Kong province gathered on Friday outside Prime Minister Hun Sen’s Phnom Penh home to ask him to intervene in their land dispute with provincial forestry administration, village representatives said yesterday. According to one villager, 37-year-old Sam Sary, 47 families delivered ...
World Bank’s Boeng Kak Failure Cited in UN Report
The U.N.’s expert on housing rights has cited the World Bank’s failure to help thousands of families evicted from Phnom Penh’s Boeng Kak neighborhood as a prime example of why the bank needs to make human rights a focus of its land sector programs worldwide. At ...
http://www.cambodiadaily.com/news/world-banks-boeng-kak-failure-cited-in-un-report-14120/
Policy to expand sector
The government plans to implement an industrial policy designed to promote development of the manufacturing sector. Speaking at a business networking dinner prepared by the Cambodian Federation of Employers and Business Associations on Wednesday, Sok Chenda Sophea, secretary general of the Council for the Development of ...
http://www.phnompenhpost.com/2013031161862/Business/policy-to-expand-sector.html
Men Questioned After refusing To Hand Over Student Donation
Authorities in Battambang province on Saturday summoned two villagers from Salmot district’s Ta Sanh commune after they refused to hand over money to officials asking for donations to feed students working in the area as part of the government’s nationwide land titling project. Heng ...
Cambodia’s Economic Growth Will Help Poverty Reduction
Cambodia economic growth was 7.3 percent in 2012. Agriculture grew by 4.3 percent, crops by 4.9 percent, fisheries by 6.7 percent, industry by 9.2 percent, garment [sector] by 6.9 percent and the service industry by 8.1 percent, said Dr Hang Chuon Naron, Secretary of State ...
Britain to support Cambodia in fight against money laundering, terrorism financing
Britain embassy to Cambodia is partnering with Cambodian government ministries and departments to provide a training course on international best practices in the field of anti-money laundering and combating the financing of terrorism, according to the embassy’s press release on Friday. The training will be ...
Renaissance upgrades Okvau
Shares in Renaissance Minerals jumped after the company announced a 1.2 million ounce gold resource at its Okvau deposit in Cambodia. Emerging from the trading halt this morning, the company revealed an indicated and inferred resource of 15.6 million tonnes at 2.4 grams per tonne gold ...
http://au.news.yahoo.com/thewest/business/a/-/national/16325176/renaissance-upgrades-okvau/
Hana plugs into Cambodian market
Hana Microelectronics Plc is investing 1.5 billion baht to build a new factory in Lamphun and another in Koh Kong, the latter marking a plunge into the Cambodian market. Chief executive Richard Han also hinted yesterday that the SET-listed electronic-parts maker could relocate some production from ...
http://www.bangkokpost.com/business/economics/339371/hana-plugs-into-cambodian-market
A smooth ride?
It’s not a claim every country can make, but Cambodia builds its own cars. A country known for its low-skilled workforce, the Kingdom exceeded expectations with its January release of the Angkor Car, a mini-electric vehicle able to get up to 300 kilometres per charge. ...