News
VN inaugurates Cambodia’s largest fertilizer plant
The Nam Sao Cambodia international fertilizer plant, the largest of its kind in Cambodia and a project under cooperation between the country and Vietnam, was Tuesday inaugurated in Somrongthom Commune, Kean Svay District, Preyvan Province, 40 kilometers from the capital city of Phnom Penh. Prime Minister ...
Two new ports for Cambodia
The Phnom Penh Autonomous Port (PPAP) will officially open two new ports in January in response to a rise in imports and exports of cargo. The PPAP is also one of the state-owned enterprises due to be listed on the Cambodian stock exchange by 2014. ...
http://www.phnompenhpost.com/2012122660476/Business/two-new-ports-for-cambodia.html
Union Delivers Leaflets Urging Garment Worker Strike
The Cambodian Confederation of Unions (CCU) is distributing 10,000 leaflets to garment workers across Phnom Penh, urging them to join a strike on Sunday, CCU officials said yesterday. “We would like to invite them to join us to demand for an increase if the base ...
Haul of Logs Discovered Inside Ratanakkiri Land Concession
The Forestry Administration and military police are investigating reports of a stockpile of nearly 300 logs that ethnic Jarai villagers in Ratanakkiri’s O’Yadaw district claim have been illegally cut by the Vietnamese owners of a land concession, local officials said yesterday. Indigenous villagers living in Paknhai ...
Land activists targeted, rights groups say
Prominent female land activists Tim Sakmony and Yorm Bopha, who have been locked in Prey Sar prison since their arrest in early September, will face court today on charges rights groups say have been fabricated to stop them and others from protesting. Hundreds of the women’s ...
http://www.phnompenhpost.com/2012122660488/National/land-activists-targeted-rights-groups-say.html
Fish prices soar in Stung Treng
Prices for the highly-prized fish known as pa sa-see (Mekongina erythrospila) have more than doubled to $50 a kilogram, sources said. ...
Phnom Penh’s new commune prices steady
Land prices in Meanchey district’s four communes that had been transferred into Phnom Penh municipality’s control from Kandal province have held steady, despite the construction of Prek Samroung Bridge and the extension of roads to the area. Meanchey Governor Kuch Chamroeun said that he is ...
http://www.phnompenhpost.com/2012122760489/Real-Estate/phnom-penh-s-new-commune-prices-steady.html
Cambodia's banking industry sees robust growth in 2012
Cambodia’s banking sector has maintained strong and steady growth in terms of loans and deposits in 2012 thanks to better economic performance, a central bank’s senior official said Tuesday. “Our banking system remains robust this year despite economic crisis in Europe and economic slowdown in the ...
http://news.xinhuanet.com/english/business/2012-12/25/c_132062871.htm
Satellite systems for Cambodia’s airports
With the support of the Japanese government, satellite systems will be installed at Cambodia’s international airports from next year, according to an official. ...
http://www.phnompenhpost.com/2012122560460/Business/satellite-systems-for-cambodia-s-airports.html
Social Media Changing Cambodia’s Information Landscape
Changes in demography and technology have altered the behavior of Cambodian media consumers, with youth increasingly using social media platforms to share news and information. Pen Sophal, a graduate student in media management at Sweden’s Royal Institute of Technology, says print and electronic media outlets in ...
Garments, handicrafts employ 700,000 people
The garments and handicrafts sector currently employs about 700,000 workers, a government official said. The official said Cambodia now had about 890 factories and 40,000 small businesses producing handicrafts with annual output of about $6 billion. ...
Illegal Cambodian Workers in Thailand Could Be Deported
Thailand is warning it will expel 1.5 million illegal workers from the country, a move that could affect around 160,000 Cambodians. Rights workers in Cambodia say the migrant laborers deserve assistance from both Thai and Cambodian authorities to help them work and travel legally. ...
Plans for open paddy market
The Ministry of Commerce is conducting a feasibility study to set up an open paddy market for paddy rice in at least two provinces to make the rice trade more transparent, s senior official says. ...
http://www.phnompenhpost.com/2012122560464/Business/plans-for-open-paddy-market.html
6.7% growth forecast for Cambodia
Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update last week. Gross domestic product is forecast to expand 6.7 per cent next year and 7 percent in 2014. That ...
http://www.nationmultimedia.com/aec/6-7%C2%A0rowth-forecast-for-Cambodia-30196729.html
MFIs as one commercial bank
PhillipCapital, a Singapore-based integrated financial services provider and a majority stakeholder in three of Cambodia’s micro-finance institutions (MFIs), plans to consolidate the three into a commercial bank. ...
http://www.phnompenhpost.com/2012122560462/Business/mfis-as-one-commercial-bank.html
Union leader attacked with brass knuckles and cleaver
A union representative led a 1,000-strong protest at a garment factory in the capital’s Russey Keo district yesterday, alleging the company hired a gangster to beat him up on Sunday – a claim the manager has denied. Chhim Sam On, a union leader with the Coalition ...
http://www.phnompenhpost.com/2012122560452/National/union-leader-attacked.html
Car sales sharply rise in Cambodia in 2012 due to strong economic growth
Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...
http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm
More investment from India
Cambodia expects to attract more investment from India after an agreement on trade and investment was made by all ASEAN leaders last week in New Delhi. Officials said India would become a potential market for Cambodia. The agreement will encourage Indian investors to invest in ASEAN ...
http://www.phnompenhpost.com/2012122460431/Business/more-investment-from-india.html
Unions to Protest Court Ruling in Triple Shooting
Union leaders are planning a demonstration in January to protest the Svay Rieng Provincial Court’s decision last week to drop charges against the former Bavet City governor, Chhouk Bundith, who was the chief suspect in the shooting of three garment factory workers during a violent ...
Cambodia's turf war
After 28 years in the capital, eating like “a king” and enjoying the perks one receives as the son of high-ranking CPP officials, Sophal’s* move to the countryside was as jarring as it was eye-opening. Until the day in June when he traded his designer threads ...
http://www.phnompenhpost.com/2012122460443/National/cambodia-s-turf-war.html
From the Great White North to Takhmao
The town of Chilliwack in the Canadian province of British Columbia is indeed far, far away from the town of Takhmao in Kandal province. But, the cities have entered into a perhaps unlikely partnership to help Takhmao make the most of its location and resources ...
World Bank Tight-Lipped on Resumption of Financial Assistance
The World Bank has declined to say whether it will resume providing financial assistance to Cambodia, despite a bank official allegedly telling anti-eviction protesters last week that the organization planned to do so next year. In August 2011, World Bank country director for Southeast Asia Annette ...
Rubber plant opts for export
A local investor has spent nearly US$5 million setting up a rubber-processing factory in Kampong Cham, a key province in the Kingdom’s rubber production for export rather than producing final products, an insider says. ...
http://www.phnompenhpost.com/2012122460430/Business/rubber-plant-opts-for-export.html
Inner Development Gap
When Sok Kheurn travels to the city of Siem Reap, some 32 kilometers from her home in Banteay Srei district, Siem Reap Province, the 58-year-old woman is always astounded by the differences she sees. While in her village, everyone gets water from wells and light at ...