BUSINESS IN BRIEF 26/8: Cross-border trade with Cambodia on the rise
Cross–border commodity exchange between Vietnam and Cambodia is thriving thanks to 1,270km of shared border, 10 international gates, 37 main and auxiliary border gates, and nine border economic zones. The southern province of An Giang, which lies on the Cambodian frontier, has two international and two ...
Vietnamnet News Staff
http://english.vietnamnet.vn/fms/business/82610/business-in-brief-26-8.html
Cambodian Opp threatens general strike after ‘constitutional coup’
Cambodia’s main opposition party accused long-serving Prime Minister Hun Sen of a ‘constitutional coup’ on Wednesday and said it could call a general strike as it steps up protests over its complaints of vote-rigging in July’s general election. “We condemn this National Assembly, this government ...
Pakistan Daily Times News Staff
http://www.dailytimes.com.pk/default.asp?page=2013%5C09%5C26%5Cstory_26-9-2013_pg4_4
Group Lease aims to raise Bt3.4 bn for expansion
Group Lease plans to raise Bt3.4 billion from shareholders to expand its main motorcycle-leasing business aggressively and enter other types of “small credit” businesses here and in neighbouring countries, especially Cambodia, over the next two years. The company is reportedly negotiating to take over a ...
The Nation News Staff
http://www.nationmultimedia.com/business/Group-Lease-aims-to-raise-Bt3-4-bn-for-expansion-30216061.html
Sea Festival fails seafood vendors
Droves of seafood sellers descended on the normally sleepy Kep province this past weekend, attempting to capitalise on a tourism festival set up to drive dollars to Cambodia’s coastal areas. But overcrowding and blocked roads pushed prices down and kept customers away, according to vendors. The ...
Hor Kimsay
http://www.phnompenhpost.com/business/sea-festival-fails-seafood-vendors
(English) Thai Political Tension Has Effects in Cambodia, Analysts Say
Sorry, this entry is only available in អង់គ្លេស (ស.រ.អ). ...
Sok Khemara
http://www.voacambodia.com/content/thai-political-tensions-has-effects-in-cambodia-analysts-say/1844175.html
(English) Cambodia’s opposition gains ground in council elections
Sorry, this entry is only available in អង់គ្លេស (ស.រ.អ). ...
RFA’s Khmer Service
http://www.rfa.org/english/news/cambodia/elections-05192014185200.html
Cambodia gains 53 factories this year
The Cambodian government has approved 53 new garment and footwear factories, worth an estimated US$338 million, during the first half of this year, compared with 38 last year valued at $180 million, despite the increase in the number of strikes affecting the industry. Officials and industry ...
Violence begets violence
A mob of 500 villagers beat a man to death in Kampong Cham province yesterday after he allegedly slaughtered his wife and stepdaughter with a pair of scythes and reportedly taunted the assembled crowd with his wife’s severed hand. Police said Laing Pises, 48, used the ...
Phak Seangly
http://www.phnompenhpost.com/national/violence-begets-violence
Opposition, NGO rallies expected to cross over
NGOs yesterday were granted permission to hold an International Human Rights Day event on Tuesday outside Wat Phnom – just a short distance from Freedom Park, where the Cambodia National Rescue Party has been given approval for a 10,000-person mass demonstration. In letters signed by Minister ...
Shane Worrell and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/opposition-ngo-rallies-expected-cross-over
(English) How Cambodia’s secretive timber auctions are fueling the illegal logging trade
Sorry, this entry is only available in អង់គ្លេស (ស.រ.អ). ...
Zsombor Peter and Aun Pheap
http://www.cambodiadaily.com/news/how-cambodias-secretive-timber-auctions-are-fueling-the-illegal-logging-trade-63919/
Labour Ministry releases mass fainting figures
Figures released by the Ministry of Labor on Friday showed that 1,578 garment factory workers have fainted in workplace incidents since the beginning of this year. Pok Vanthat, deputy director of the Labor Ministry’s Medical Unit and chief of its research committee, said that his committee ...
Cambodia Import-Export The First Half Year Analysis
Although the Cambodian government has projected Gross Domestic Product (GDP) of around 7 percent this year, a bit higher than come other international financial organizations like the Asian Development Bank (ADB) and the International Monetary Fund (IMF), it does not mean that the country’s projection could not ...
Cost pressure squeezes Asian growth
I attended a meeting in Chengdu, Sichuan Province last week. The most frequent word mentioned by local officials and scholars there was “industry.” They are very proud that the number of local jobs created in Sichuan has now surpassed the number of workers leaving to ...
The Week at the CSX - Sept 6-12, 2012
The price of Phnom Penh Water Supply Authority stock over the Sept 6-12 period fluctuated between KHR 6,350 (US $1.57 and KHR 6,300 (US $1.55). The price on Sept. 6, KHR 6,350 fell to KHR 6,300 (US $1.58) on Sept 7 and remained there ...
Bank Forecasts Drop in GDP Growth to 6.5%
The Asian Development Bank (ADB) yesterday revised its prediction for economic growth in Cambodia down to 6.5 percent as it warned that weakening demand from markets in the US and Europe could affect exports leaving the country. The ADB’s biannual outlook report for 2012 also said ...
Commune Vote Predictable, but Margins Less So
With Sunday’s commune elections quickly approaching, the five main political parties are all predicting substantial gains over how they faired in the last election in 2007, though none deny that the ruling Cambodian People’s Party (CPP) will continue to dominate the polls. And with the entrance ...
Sonando Jailed for 20 Years; Sentence Denounced
The Phnom Penh Municipal Court handed down a 20-year jail sentence to independent radio station owner Mam Sonando yesterday for his role in fomenting an alleged secessionist movement in a decision drawing condemnation from human rights groups and some of Cambodia’s main foreign donors. The court ...
Charcoal prices rise in urban areas
Deforestation and Cambodia’s strong economic growth have resulted in an increase in the price of charcoal, an energy source the poor are dependent on, charcoal vendors say. The price of charcoal in Phnom Penh had increased at least 200 riel ($0.05) a kilogram compared to 2012, charcoal ...
http://www.phnompenhpost.com/2013022661597/Business/charcoal-prices-rise-in-urban-areas.html
MFI deposits seen growing
The value of deposits with Cambodia’s 31 microfinance institutions grew more than 96 per cent in the first nine months of the year compared to last year, a rise industry experts say is due to the political stability and economic growth of the Kingdom. Official data ...
http://www.phnompenhpost.com/index.php/2012110859631/Business/mfi-deposits-seen-growing.html
Satellite cities a solution for overcrowded Phnom Penh
The coming sprawls of Phnom Penh’s new satellite cities will bring about not only opportunities but also challenges for the population. “Any urban area has to sprawl outside the main city areas so that it can keep up with the increasing demand of commercial land,” said ...