VN bank named in Cambodia top five
The Bank for Investment and Development of Cambodia (BIDC), a subsidiary of the Bank for Investment and Development of Viet Nam (BIDV), has been named as one of the five biggest banks In Cambodia after three years of operation BIDC general director Nguyen Van Hien said ...
http://vietnamnews.vnagency.com.vn/Economy/228887/vn-bank-named-in-cambodia-top-five.html
Growth in Cambodian service sector, says ADB
Cambodia’s service sector has seen significant growth in recent years, but the sector remains hampered by challenges, according to a report by the Asian Development Bank (ADB). The service sector’s real GDP share has expanded to 39 per cent in 2011, compared to 23.7 per cent ...
New Businesses Increase In First Nine Months
A total of 2,606 new businesses were registered in Cambodia during the first nine months of the year, an increase of 11.6 percent compared to the same period last year, data released yesterday by the Ministry of Commerce shows. According to the figures, the ministry approved 306 new ...
Millions Threatened by Dam in Stung Treng
More studies should be conducted on the controversial Lower Sesan 2 dam in Stung Treng province in order to understand its potential social and environmental effects, Conservation international (C.I.) said in a statement. The Lower Sesan 2-as well as other dams planned for the Sesan, Srepok ...
Villagers in Kampong Chhnang win land back
Prime Minister Hun Sen has reclassified 4,158 hectares of a massive land concession owned by the wife of Senator Lao Meng Khin from his own party for displaced families in Kampong Chhnang province. A jubilant representative of the 4,506 families who have long battled against ...
http://www.phnompenhpost.com/index.php/2012113060025/National-news/villagers-win-back-land.html
Farmers biggest source of investment in agriculture
Despite attention from Foreign Direct Investment (FDI) and official development assistance, farmers are by far the largest source of Investment In agriculture, the State of Food and Agriculture 2012 report by the Food and Agriculture Organization published last week said. Farmers In low and middle Income ...
Fourth missing in dam disaster, say witnesses
Workers who directly witnessed the Stung Atai dam accident more than a week ago have contested government accounts, telling the Post four, not three, men were still missing after an outlet pipe burst. Those working or living near the dam also told the Post investigations pledged ...
http://www.phnompenhpost.com/National/fourth-missing-in-dam-disaster-say-witnesses.html
Rise in Cargo Reflects a Diversifying Economy
The amount of air cargo entering and leaving Phnom Penh increased by almost 40 percent last year, and nearly 100,000 more business travelers to the capital were recorded during the first 11 months of last year compared to the same period in 2011, data from ...
http://www.cambodiadaily.com/business/rise-in-air-cargo-reflects-a-diversifying-economy-7214/
Cambodia’s garment exports grow in 2012
The exports of garments and textiles from Southeast Asian nation of Cambodia grew to US$ 4.61 billion, up nine percent over total textiles and garment exports worth US$ 4.24 billion made in 2011, according to The Phnom Penh Post report. However, the rise in garment ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=120092
Faintings in Cambodian ‘model’ factories raise concern
A lobby group says three separate mass fainting incidents this week that took place at two Cambodian garment factories “speaks volumes” about the issue, because both workplaces have relatively good reputations for worker’s rights. More than 140 workers fainted on Wednesday and Thursday at Kandal’s QMI ...
Aeon considering more malls in Phnom Penh
More than 4,000 people attended a ceremony in December last year that saw Japan’s largest shopping mall developer and operator, Aeon, breaking ground on its three-storey mall in Phnom Penh, and the company says it is already considering building more in the capital. Aeon Mall ...
Room for compromise in wage debate: official
The Garment Manufacturers Association in Cambodia and unions both need to compromise further to secure a “proper wage” for garment workers whose lives are hampered by their current $61 minimum wage, a Ministry of Social Affairs official overseeing wage negotiations said yesterday. “The government needs the ...
http://www.phnompenhpost.com/2013030661779/National/room-for-compromise-in-wage-debate-official.html
Six Cambodians Injured in Capital Land Clash
At least six people were seriously injured Wednesday in clashes between about 100 villagers demanding land compensation and 300 security personnel in front of the home of Cambodian Prime Minister Hun Sen, activists said. According to villager representative Tep Vanny, the evictees from Phnom Penh’s Boeung ...
http://www.rfa.org/english/news/cambodia/clash-03132013184900.html
Local beer to be sold in France
Khmer Brewery, the maker of Cambodia Beer, plans to begin sales to France, the company’s third export market, this month, having tasted success in Japan and Malaysia. It is one of six breweries in the Kingdom, but the only one whose investor base is local. With ...
http://www.phnompenhpost.com/2013040164803/Business/local-beer-to-be-sold-in-france.html
Pursat land dispute makes hay in capital
Rough[ly] 40 representatives of some 370 families locked in a years-long land dispute with a rubber concessionaire in Pursat province’s Veal Veng district demonstrated outside the Phnom Penh offices of Adhoc yesterday to publicise their situation. The villagers, many of whom are family members of soldiers ...
http://www.phnompenhpost.com/2013040364860/National/pursat-land-dispute-makes-hay-in-capital.html
Eighth Communal Land Title Awarded in Mondolkiri
Land Management Minister Im Chum Lim awarded a community of ethnic minority Banong in Mondolkiri province a communal land tile to their ancestral land last week, only the eighth communal land title to be handed out since the 2001 Land Law made them available. The title ...
RISDA To Open Two Plantations In Cambodia
The Rubber Industry Smallholders Development Authority (RISDA) is openIng two plantations In Cambodia, its director-general Datuk Wan Mohamad Zuki Mohamad said Wednesday. He said discussions had been held with the companies that would be tasked with managIng the plantations last week. “We are now awaitIng approval ...
http://www.bernama.com.my/bernama/v7/ge/newsgeneral.php?id=964158
Hun Sen: to rebuild homes in Sihanoukville
The Prime Minister ordered 49 family’s houses to be rebuild [sic] at Keo Pus Village, in the Steung Hav District of Sihanoukville, after they had been demolished by authorities earlier this month. He also ordered Bin Chhin, Chairman of the National Authority for Land Dispute ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=YmFjMDM0MTczYzl
Short on Water in the Tonle Sap
Residents of a village in the middle of Cambodia’s Tonle Sap “Great Lake” live surrounded by water, but don’t have enough access to clean water for drinking, cooking, and washing. The Tonle Sap, a combined lake and river system that swells in the rainy season to ...
http://www.rfa.org/english/news/cambodia/water-03202013141227.html
Creditors Claim $160 Million in Mfone Debts
Thousands of creditors have come forward alleging they are owed a combined $160 million by bankrupt mobile phone operator Mfone, the administrator appointed to the case said yesterday. “Mfone owes money to hundreds of companies and thousands of individuals totaling $160 million,” he said. Nim Solida, ...
http://www.cambodiadaily.com/business/creditors-claim-160-million-in-mfone-debts-16379/