World Bank stops funds for Cambodia over evictions
The World Bank said on Tuesday it had stopped providing loans to Cambodia and would not resume lending until the government did something to help hundreds of families facing eviction from land around a lake in the country’s capital, Phnom Penh. “The World Bank’s last ...
http://www.reuters.com/article/2011/08/09/cambodia-worldbank-idUSL3E7J920D20110809
Rice Crops Take A Pounding From Southeast Asian Floods
October marks the start of the main rice harvest in Thailand, the world’s largest exporter of the grain. Traders are waiting to see the full impact of flooding on the crop, but it’s already clear that output across Southeast Asia will fall substantially. The U.N.’s ...
IMF Report Cites Key Economic Reforms
Despite an economic forecast of 6.5 percent growth for Cambodia this year, the International Monetary Fund (IMF) warned in a report released Monday that the government must continue to develop infrastructure, increase public revenues and practice fiscal safeguarding in order to sustain growth in the ...
Vietnamese bank upgrades business form to boost investment in Cambodia
The increasing number of Vietnamese investors gives more potential to the Cambodia market. Saigon Though Tin Commercial Bank (Sacombank), on October 5, opened fully its operation as a foreign bank in Cambodia where before it was just a branch in Phnom Penh after the business ...
'Disappointed' donors still await government meeting
Government Palace, the imposing gray headquarters of the Cambodia Development Council next to Wat Phnom, should be buzzing this morning with the country’s top foreign diplomats and government officials discussing aid and reform. Instead, with the government’s decision to indefinitely postpone this year’s Cambodian Development Cooperation ...
High Prices of Privatized Water in Prey Veng Lead to Protests
More than 1,000 villagers in Prey Veng city took to the streets in protest yesterday morning after a company that recently took control of the state-run water supply raised prices by 50 percent, from 1,200 riel, or $0.30, to $1,800 riel, according to residents and ...
Underwriter for first IPO bullish on Phnom Penh Water and the CSX
The head of the underwriting team that will launch Cambodia’s first IPO April 18 is Han Kyung Tae, Managing Director of Tongyang Securities (Cambodia) PLC and a South Korean stock market specialist. Tongyang Securities (Cambodia) Ltd. is the Cambodian subsidiary of Tongyang Group, a South ...
Money machines
The secong Cambodia International Textile and Garment Exhibition from August 17 to 20 aimed to boost the Kingdom’s all-important garment sector by highlighting high-tech machinery which could boost factories’ productivity and bottom lines. Over 2,700 square meters at the Diamond Island Convention and Exhibition Center, the ...
Angkor Gold Corp. Acquires the Andong Meas Concession in Cambodia
Angkor Gold Corp. (TSXV:ANK4) acquired Liberty Mining ad Transol Mining, owners of the 209 square kilometre Andong Meas concession in Cambodia. As quoted in the press release: “The Acquisition results in two significant accomplishments. First, it adds 100% ownership of an entirely new 209-square kilometre concession known ...
http://goldinvestingnews.com/27883/angkor-gold-corp-acquires-the-andong-meas-in-cambodia.html
LG looks to introduce Optimus G soon
One of the top three manufacturers of mobile phones for the Cambodian market, LG, is likely to roll out its new flagship product, the Optimus G, by the end of the year. Success in the smartphone market would signal a successful turnaround for LG. Prior ...
http://www.phnompenhpost.com/index.php/2012092758949/Business/lg-optimus-g-coming-soon.html
Oxfam urges freeze of land investments
Global development group Oxfam on Wednesday called on the World Bank to suspend financing for large-scale land acquisitions to ensure that its practices do not encourage foreign land grabs in developing countries. Oxfam urged Jim Yong Kim, the lender’s new president, to announce a six-month moratorium ...
http://www.reuters.com/article/2012/10/04/worldbank-oxfam-land-idUSL1E8L2LKF20121004
Embattled villagers fight on
First, agricultural company DM group displaced them, now a recently arrived commercial farmer has threatened their lives and chased them off their new land, said representatives of 12 families engaged in a long-standing land dispute in Ratanakkiri province. On Wednesday, the 12 Tampuon ethnic minority families ...
http://www.phnompenhpost.com/2013011160746/National/embattled-villagers-fight-on.html
The potential of Cambodia
Whenever you build a structure, you always start with a plan that exists first as an idea and then makes its way to paper and then usually a model: and this is true of ships or skyscrapers. Then comes the construction process when you bring in ...
http://www.phnompenhpost.com/index.php/2012052856411/Business/the-potential-of-cambodia.html
Restoration Fund Meets With Labor Union Over Wage Hike
A meeting between the New York-based World Monument Fund (WMF) and its workers who are restoring temples in Siem Reap province took place on Friday, but no agreement was reached over wages, a union representative said yesterday. Van Thol, vice president of the Building and Wood ...
Cambodia to Resume International Adoptions on January 1
Cambodia will allow inter-country adoptions to resume from January 1 next year, four years after the government stopped adoptions amid claims of corruption and baby selling, government officials confirmed yesterday. Speaking after a meeting with Susan Jacobs, the U.S. State Department’s special adviser on children’s issues, Secretary of ...
http://www.cambodiadaily.com/news/cambodia-to-resume-international-adoptions-on-january-1-4934/
Mobile dating finds Cambodia
A new mobile dating and networking service called Chibi, designed to be used by even rural Cambodians, has made an agreement with Smart Mobile to enable anyone with a mobile phone to inexpensively meet and send messages to potential love interests. Australian David Wilkie and his ...
http://www.phnompenhpost.com/index.php/2012061456788/Business/mobile-dating-finds-cambodia.html
Neglecting to conduct good market research is hurting SMEs in Cambodia
A large majority of Cambodian small and medium-sized enterprises are operating without conducting good market research, say experts in the field, and relying too heavily on informal information and networks. As a result, they are growing slowly and in some cases, falling behind their competitors. Market research involves gathering information about markets and customers. Laurent Notin, ...
'Gender Cafe' Offers Women a Place to Express Themselves
Busy juggling jobs, children, and housework, Cambodian women do not have the time, or platforms, to discuss bigger women-related issues like abuse, migration and forced eviction. And that is why a new initiative, called “Gender Cafe,” aims to change that by giving local women a ...
PM's land titling scheme full of ambiguity
Adorned in new military uniforms, about 400 more young volunteers who have been enlisted into Prime Minister Hun Sen’s ambitious national land-titling scheme departed from Diamond Island yesterday armed with measuring tapes, computers and GPS units. The budding surveyors are the latest group of some 2,000 ...
Cambodian PM inaugurates 90 mln USD water treatment plant in capital
Cambodian Prime Minister Hun Sen on Tuesday inaugurated a new water treatment plant in eastern part of capital Phnom Penh, saying that the plant would meet the rising demand of clean water in the city. The 90 million U.S. dollar plant was invested by the listed ...
http://news.xinhuanet.com/english/world/2013-06/04/c_132430033.htm