News

Productivity cuts into growth

Cambodia’s GDP growth fell below the 7 percent mark for the first time since 2011 last year, signalling a need for the government to address the country’s low productivity and insufficient public infrastructure spending, according to a World Bank report released yesterday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/productivity-cuts-growth

Steady FDI helps keep economy on course

Total foreign direct investment receipts have remained consistent over the past five years, according to a new government report that incorporates central bank data. ...

Hor Kimsay
http://www.phnompenhpost.com/business/steady-fdi-helps-keep-economy-course

World Bank economists grilled over pervasive rural debt

The head of Transparency International Cambodia used the release of a World Bank economic report yesterday to press the lender’s economists on rural indebtedness and their claim that the country’s strong GDP growth was helping the country’s poor. ...

Brendan O’Byrne
https://www.cambodiadaily.com/news/world-bank-economists-grilled-pervasive-rural-debt-129932/

In wage protest, hundreds of garment workers block road

More than 1,000 garment workers from a factory in Kandal province’s Takhmao City blocked a public road on Wednesday in protest over unpaid wages that have left them struggling to afford food and pay their rents, a union official said. ...

Buth Kimsay
https://www.cambodiadaily.com/news/in-wage-protest-hundreds-of-garment-workers-block-road-129890/

New airline plans Thai flights

Cambodia-based JC International Airlines plans to expand direct flights to Bangkok’s Don Mueang Airport to tap into the growth of tourists between the neighboring nations after the airline’s launch just two months ago. ...

May Kunmakara
http://www.khmertimeskh.com/news/38460/new-airline-plans-thai-flights/

China gives $240m in aid

China has granted $240 million aid to Cambodia under agreements signed by Prime Minister Hun Sen on a state visit to Beijing. ...

Ven Rathavong
http://www.khmertimeskh.com/news/38482/china-gives--240m-in-aid/

Fraud at malaria centre: Global Fund report uncovers ‘systematic’ double billing, nepotism

A report by the Global Fund’s Office of the Inspector General (OIG) has confirmed evidence of corruption and nepotism at Cambodia’s National Malaria Centre (CNM), first revealed by The Post last year, calling the centre’s oversight “dysfunctional and unauditable”. ...

Shaun Turton
http://www.phnompenhpost.com/national/fraud-malaria-centre-global-fund-report-uncovers-systematic-double-billing-nepotism

China’s ‘Belt and Road’ policy benefits Cambodia, analysts say

The multi-trillion-dollar scheme proposed by Chinese premier Xi Jinping in 2013 aims to promote economic integration across Eurasia by investing in a “Silk Road Economic Belt” and “Maritime Silk Road”, comprising transnational economic corridors and new trade arrangements. ...

Hean Socheata
http://www.voacambodia.com/a/china-belt-and-road-policy-benefits-cambodia-analysts-say/3859343.html

Indelible ink to be used at polls put to the test

Cambodia’s National Election Committee yesterday concluded that its indelible ink – whose indelibility was called into question earlier this month when samples were reportedly washed off – is acceptable for use in the upcoming June 4 commune elections after publicly testing it on 16 people. ...

Touch Sokha and Yesenia Amaro
http://www.phnompenhpost.com/national/indelible-ink-be-used-polls-put-test

CNRP lauds female candidates

The Cambodia National Rescue Party yesterday celebrated its top female candidates before the upcoming communal elections at an event under the slogan “Thousands of Lights for Women”, though women’s rights activists criticised the strategy as lacking teeth in fostering greater representation for women. ...

Leonie Kijewski and Kong Meta
http://www.phnompenhpost.com/national/cnrp-lauds-female-candidates

Royal representative denies claims

A representative of business mogul Kith Meng’s Royal Group yesterday hit back at a report published by the National Police accusing the company of laundering illegal timber through the Lower Sesan II hydro power project. ...

Phak Seangly
http://www.phnompenhpost.com/national/royal-representative-denies-claims

Foreign tourist arrivals up 12 percent

Foreign tourist arrivals to Cambodia went up more than 12 percent in the first quarter of 2017, as the country ramped up efforts to improve services and attractions for visitors. ...

Chea Vannak
http://www.khmertimeskh.com/news/38458/foreign-tourist-arrivals-up-12-percent/

CNRP, Observers put election ink to test

Representatives from the E.U., CNRP and civil society organizations put newly delivered election ink to the test on Wednesday, a week after a spokesman for the country’s top election body warned that a sample batch of the ink could be washed off using a hair ...

Ouch Sony
https://www.cambodiadaily.com/news/129896-129896/

NGO publishes more evidence of illegal logging operation

The U.K. NGO that last week exposed a major new timber trafficking operation between Cambodia and Vietnam has released more evidence in hopes of supporting Phnom Penh’s investigation into its claims, including invoices from Cambodia-based companies breaking the country’s timber export ban. ...

Zsombor Peter
https://www.cambodiadaily.com/news/ngo-publishes-evidence-illegal-logging-operation-129910/

Cambodia holds back on AIIB loans

Cambodia has yet to set its loan application policies to borrow funds from the Asian Infrastructure Investment Bank (AIIB) because the country can still get highly concessional rates from development partners, Minister of Economy and Finance Aun Pornmoniroth said. ...

Sok Chan
http://www.khmertimeskh.com/news/38413/cambodia-holds-back-on-aiib-loans/

National rail system in the pipeline

Royal Group, led by prominent businessmen Kith Meng, signed the agreement with China-based Railway 17th Bureau Group and​​ Sino Great Wall International Engineering​​ at the Belt and Road Forum in Beijing. ...

Sok Chan
http://www.khmertimeskh.com/news/38434/national-rail-system-in-the-pipeline/

New skytrain gets investors on track

At the Peace Palace in Phnom Penh on May 5, during an official visit between Cambodian Minister Hor Namhong and Japanese Minister Keiichi Ishii, the Minister of Land, Infrastructure, Transport and the Tourism Minister in charge of the Water Cycle Policy of Japan, an agreement ...

Ky Kosal
http://www.khmertimeskh.com/news/38437/new-skytrain-gets-investors-on-track/

NEC considers CNRP request to reverse election rally ban

he CNRP on Tuesday asked the National Election Committee (NEC) to help reverse a City Hall ban on election marches along major Phnom Penh streets, a spokesman said. However, the NEC appeared to have drawn the opposite conclusion from their meeting. ...

Ben Sokhean
https://www.cambodiadaily.com/news/nec-considers-cnrp-request-to-reverse-election-rally-ban-129839/

Oknha linked to timber bust

Police officers, gendarmes and Forestry Administration officials yesterday discovered a large cache of valuable, illegally felled wood – which locals say was destined for Vietnam – after raiding a house in Stung Treng province linked to a prominent timber trader. ...

Phak Seangly
http://www.phnompenhpost.com/national/oknha-linked-timber-bust

Struggling to compete, pig farmers request Government to curb imports

Agribusiness tycoon Mong Reththy met with the agriculture minister on Tuesday to seek help for pig farmers who complain they are struggling to compete with cheaper imports from Vietnam and Thailand. ...

Buth Kimsay
https://www.cambodiadaily.com/news/struggling-to-compete-pig-farmers-request-government-to-curb-imports-129842/

Ministry predicts stable GDP growth

The government is predicting Cambodia’s gross domestic product will grow at seven percent this year and next. ...

Sok Chan
http://www.khmertimeskh.com/news/38370/ministry-predicts-stable-gdp-growth/

More funds for infrastructure

Cambodia is expecting to gain more capital for its infrastructure development projects through its membership in the Sustainable Development Investment Partnership (SDIP), which can sustain long-term economic growth, according to a senior official. ...

Chea Vannak
http://www.khmertimeskh.com/news/38369/more-funds-for-infrastructure/

AirAsia Cambodia to debut soon

Asia’s largest budget airline AirAsia, headquartered in Kuala Lumpur, plans to open a subsidiary company in Cambodia to handle an anticipated increase in the number of passengers travelling to Phnom Penh, Siem Reap and Sihanoukville from Malaysia. ...

Chea Vannak
http://www.khmertimeskh.com/news/38372/airasia-cambodia-to-debut-soon/

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