Exchange officials explain IT system
Stock exchange officials were conducting a five-day workshop on the IT system that will allow trading, Securities and Exchange Commission of Cambodia director-general Ming Bankosal said yesterday. The workshop, held in conjunction with the Cambodia Securities Exchange, would also seek feedback on the system’s functionality
Minister says floods affect 90,303 families
Flooding has affected 90,303 families and flooded 83,007 houses nationwide, while 13,402 families have been evacuated so far from inundated areas, Minister of Information Khieu Kanharith said Monday.
Citing data from the National Committee for Disaster Management (NCDM), Mr Kanharith also said in a posting to
Trade with China to hit $2 billion this year
Bilateral trade between China and Cambodia is on track to reach $2 billion by the end of this year, its highest level ever, an official at the Chinese Embassy in Phnom Penh said.
Jin Yuan, economic and commercial counselor at the Chinese Embassy, said during a
Tourist arrivals grow 15% in first nine months
Visitor arrivals to Cambodia saw a year-on-year increase of 15 percent in the first nine months of 2011, reaching more than 2 million people, according to new figures released by the Tourism Ministry yesterday.
The figures showed that, from January to September, arrivals by air increased
Strikers ordered back to work
The Phnom Penh Municipal Court ordered on Tuesday that workers striking at Cambo Handsome 1 return to work within 48 hours and banned them from striking in front of the garment factory, in the capital’s Dankgor district.
Seang Sambath, president of the Federation of Friendship Unions,
Preah Vihear families seek top-level intervention
Families continuing to defy eviction orders in Preah Vihear fear police and authorities will use violence to remove them from their homes this week, villagers told the Post yesterday.
Representatives of Svay Chum village in Choam Ksan district’s Kantuot commune trekked to Phnon Penh on Friday
Embassy Sought Hillary Clinton’s Visit for 60th Anniversary
US Diplomatic Cables released by WikiLeaks show that the US Embassy in Phnom Penh sought the presence of Secretary of State Hillary Clinton for the 60th anniversary of diplomatic relations between the USA and Cambodia. Ms. Clinton did not attend the celebration but rather visited
Premier orders review of marine dredging
Prime Minister Hun Sen has order a review of dredging operations and the impacts that they have on Cambodia’s islands and beaches. Freshwater dredging has also been ordered to go under review, with the Prime Minister calling for the Minister of Water Resources and Meteorology
Land in wildlife sanctuary awarded to private firms
More than 17,000 hectares of land inside the Phnom Oral Wildlife Sanctuary have been awarded by Prime Minister Hun Sen to companies for for agroindustrial development. Two concessions were made of 9,059 hectares and 8,591 hectares in the Trapaing Chor and the Omlaing communes. The
Forest on the auction block
Almost 30,000 hectares of a wildlife sanctuary in Oddar Meanchey, Siem Reap and Preah Vihear provinces have been reclassified as state private land for agricultural development, drawing sharp criticism from rights groups. Four sub-decrees signed by Prime Minister Hun Sen on July 22 reclassify land
http://www.phnompenhpost.com/index.php/2011080950943/National-news/forest-on-the-auction-block.html
Microfinance Deposits and Loans Grow
Outstanding loans among micro-credit institutions increased by 6.7 percent to $505.46 million in the second quarter of this year compared to the first quarter, figures from the Cambodia Microfinance Association show. According to the data, deposits held by Cambodia’s 27 microlenders grew by 33.2 percent
Settle Disputes, Or Lose Land, Hun Sen Warns
Prime Minister Hun Sen on Friday once gain warned owners of economic land concessions to resolve disputes with villagers living on the land or risk having their licenses revoked, according to a statement from the Council of Ministers. The prime minister, following up on similar
Minister asks for export break
Minister of Commerce Cham Prasidh yesterday called on the US to allow duty-free entry for Cambodian exports, a benefit the Kingdom already enjoyed with the European Union. The introduction of preferential tax treatment from the US would result in the Kingdom’s share of that country’s
http://www.phnompenhpost.com/index.php/2011090751485/Business/minister-asks-for-export-break.html
Tourism minister to Thai border
In an attempt to foster tourism on the Cambodia-Thai border, tourism officials this week visited the Cham Yeam border crossing in Koh Kong province. Warming relations with Thailand’s newly elected Prime Minister Yingluck Shinawatra are expected to improve cross-border tourism, which deteriorated after border clashes
Maid freeze wins support
Rights groups said yesterday a ban on sending Cambodian domestic workers to Malaysia – signed by the Prime Minister on Saturday – should not be lifted until both countries implemented measures to stop deaths, rapes, forced detainment and under-age recruitment in the labour sector.
Groups including
http://www.phnompenhpost.com/index.php/2011101752160/National-news/maid-freeze-wins-support.html
Another logger shot dead along Thai border
Thailand has repatriated the body of an Oddar Meanchey man fatally shot Tuesday while illegally logging for rosewood in Thailand, border officials said yesterday.
Torn Kimsann, 22, was among a group of four men from Samraong City’s O’Smach commune who had ventured about 1km into Thailand
Workers 'win' after Kandal factory strike
Nearly 2,000 workers at a Kandal province garment factory had returned to work on Saturday and 6,000 more planned to return today after nearly three weeks of strikes, company and union representatives said yesterday.
Yung Wah Factory administrative director Ing Minchuan confirmed yesterday that the roughly
Gridlock going nowhere fast
Despite Phnom Penh’s rapidly increasing traffic woes, it might take until 2035 for a public transport system in the Kingdom’s capital to be operational, government development partners said yesterday.
The Japan International Cooperation Agency, which has been working with Cambodia’s government since 2001 on an
http://www.phnompenhpost.com/index.php/2012022854751/National-news/gridlock-going-nowhere-fast.html
Cambodia, Brazil ink broad new agreement
Cambodia signed a Memorandum of Understanding on Friday with Brazil, the largest Latin American economy, to boost cooperation in areas that include agriculture, technology and diplomatic ties, officials said.
The MoU was signed at the Ministry of Foreign Affairs by secretary of state Ouch Borith and
ASEAN aims to dodge crisis in West
ASEAN finance officials and the heads of regional central banks yesterday homed in on the possibility of economic crisis as well as potential means of averting contagion in fledgling Southeast Asian economies.
The officials have also agreed “in principle” to doubling a regional currency fund to
