News

Agriculture Census to Be Launched in Cambodia

Following the release of the country’s first nationwide economic census earlier this year, the government is now planning to carry out a similar census dedicated to the agriculture sector, a government official said yesterday. Minister of Agriculture Chan Sarun announced the government’s intention to carry out ...

Phnom Penh's new apartments soar on high rents

Real estate developments covered in green tarp have sprung up across the capital’s Boeung Kang Kong commune, and housing units are filling before the projects are finished, insiders said. The value of construction approvals in Phnom Penh jumped by 557.5 per cent in March to US$150.5 ...

http://www.phnompenhpost.com/index.php/2012071957504/Business/phnom-penh-apartments-soar-on-high-rents.html

Number of Condominiums Grows in Phnom Penh

The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia. The firm said that the majority of the new units came from the completion of 10 ...

Airport Arrivals Soar With Business Traffic

The number of visitors to Cambodia through its two main airports increased 19.7 percent to more than 1 million people in the first half of the year, compared to the same period last year, figures released by Cambodia Airports show. Between January and June, 1,028,285 passengers ...

Cedac Encourages Using Frogs As an Alternative to Pesticides

Cambodian farmers often turn to pesticides when trying to stop insects from destroying crops, but the Cambodian Center for Study and Development in Agriculture (Cedac) has come up with a better idea: frogs. “Frogs are important to protect rice plants from damage by insects, especially during ...

Officials Urge NGOs to Respect Rule of Law in Sonando Case

As criticism continues to mount over the arrest of outspoken Beehive Radio owner Mam Sonando, a government spokesman shot back yesterday, accusing NGOs of undermining the country’s rule of law. “NGOs are not a judge and [the] rule of law reflects from the people,” said ...

Cambodia's Garment Workers Earn Additional Wage

Cambodia’s garment workers will earn 10 US dollar additional wage from September 1, the statement from the advisory committee of labor said this week. The announcement was made after the meeting between union leaders, employers and minister of labor Vong Suth on July 11. “450,000 of 600,000 workers from 700 garment and shoe factories will get this ...

http://thesoutheastasiaweekly.com/

Japanese companies face domestic employee shortage

Japanese companies are facing a shortage of skilled workers which is hindering progress in Japanese-owned electronic factories, the Japanese Business Association of Cambodia (JBAC) said. The statement comes after the Asian Development Bank said in April that a shortage of skilled workers would continue to hinder ...

http://www.phnompenhpost.com/index.php/2012071957505/Business/japanese-companies-face-employee-shortage.html

Senator Kok An files new lawsuits

A defence lawyer for tycoon Kok An revealed yesterday that the senator had filed lawsuits in March against six relatives of Heng Chheang and his wife, Tep Kolap, both of whom were convicted last December of embezzling US$58 million from An’s wife’s Anco Brothers Co ...

http://www.phnompenhpost.com/index.php/2012071957513/National-news/senator-files-new-lawsuits.html

Cambodian population will increase to 18 million in 2030

In a letter to mark the world population day, Prime Minister Hun Sen on Thursday said: “Cambodian population will grow to 18 million in 2030 and 21 million in 2050. Currently Cambodian people are in 1.5 per cent birth rate per year and on average a Cambodian woman delivered 3 babies ...

http://thesoutheastasiaweekly.com/

Kantha Bopha hospitals get another $1 million

The Cambodian government donated $1 million to Kantha Bopha Children’s Hospitals on July 18, said Minister of Health Mam Bunheng. The donation came to the free outpatient medical institution as it’s facing a budget shortfall.   ...

http://www.phnompenhpost.com/index.php/2012071957508/National-news/kantha-bopha-hospitals-get-another-1-million.html

France helps Microfinance and Hevea Sector

Two financing agreements, implemented by the French Development Agency, were signed on 12 July 2012 at the Ministry of Economy and Finance, in the presence of the Deputy Prime Minister, Minister of Economy and Finance, H.E.M. Keat Chhon, to support two key sectors for economic and rural development of Cambodia. A financing agreement of 800,000 Euros (1 ...

http://thesoutheastasiaweekly.com/

More water transport needed

Cambodia’s waterways go largely unused for domestic shipping, a factor hurting the competitveness of the country’s logistics and agriculture sectors, experts said yesterday. Cambodia lost ground this year in a measure of logistics performance. As rice millers and exporters push toward the 1 million-tonne rice goal ...

http://www.phnompenhpost.com/index.php/2012071857471/Business/waterways-needed.html

Cambodia’s GDP is revised

Slumping garment exports led yesterday to an official downgrade for Cambodian’s growth outlook this year – albeit a slight one. Minister of Economy and Finance Keat Chhon projected 6.9 per cent year-on-year gross domestic product growth for 2012, down a tenth of a percentage point from ...

http://www.phnompenhpost.com/index.php/2012071857475/Business/cambodia-gdp-is-revised.html

Cambodia’s tourism growth rate slows

Arrivals from Thailand and Laos gained the highest growth rate in May of all Cambodia’s tourist suppliers according to the country’s latest tourism report. Released by the Statistics and Tourism Information Department of the Tourism Ministry, the report showed a slowdown in travel from Thailand during ...

http://www.ttrweekly.com/site/2012/07/cambodias-tourism-growth-rate-slows/

Cambodia will not export rice to Philippines

After the Philippines government issued their own policy regarding milled rice exports the Ministry of Commerce of Cambodia has expressed its disinterest in exporting milled rice to its neighbour, Cambodia’s Commerce Minister said yesterday. Local rice millers will not be encouraged to make any efforts to ...

http://www.phnompenhpost.com/index.php/2012071857476/Business/cambodia-not-to-export-rice-to-philippines.html

Water Supply Shares Fall Below Launch Price

The share price of the Phnom Penh Water Supply Authority (PPWSA) fell 50 riel yesterday to 6,250 riel, or about $1.52, bringing the authority’s share price lower than its initial public offering (IPO) in April. The decline matches views expressed by investors here that the authority’s ...

National Rail Project Heralded by Eviction Notices in Poipet

Poipet City authorities have given dozens of families living along a section of railway slated for renovation 10 days to move or face forcible eviction. Poipet City Deputy Governor An Vanak said that the eviction notice was sent Monday to about 40 families, only eight of ...

Years After Eviction, Families Return In Search of Land Titles

More than 100 families in Stung Treng province have returned to land they were evicted from in 2007, hoping to acquire property titles after student volunteers arrived in the area to demarcate land under the titling program announced last month by Prime Minister Hun Sen. Stung ...

Cambodia wakes up to coffee

The Cambodian coffee industry has seen a rapid increase in market value over the last few years, rising from production of about 18 tonnes per year in 2009, to more than 2,370 tonnes last year, market insiders said. Local coffee sales increased to 30 tonnes in ...

http://www.phnompenhpost.com/index.php/2012071857470/Business/cambodia-wakes-up-to-coffee.html

No Plan to Shut Beehive Radio, Gov’t Says

As questions linger over the fate of the independent Beehive Radio station in the wake of its owner’s arrest, a government official yesterday insisted there were no plans to stop it from broadcasting, despite its often critical stance toward the ruling party. “No plan to shut ...

SMEs seek own SEZ

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMEC) is now pushing for the establishment of a special economic zone (SEZ) for small and medium sized enterprises and is currently discussing such a move with the Ministry of Industry, Mines and Energy, ...

http://www.phnompenhpost.com/index.php/2012071857474/Business/smes-seek-own-sez.html

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