Pakistan-Cambodia ties set to strengthen
PAKISTAN is looking to further improve its trade, investment and tourism ties with Cambodia, officials said. Data from the Embassy of Pakistan shows that bilateral trade between the two countries has been good in recent years. In 2011, the total value of two-way trade reached $16 ...
http://www.phnompenhpost.com/2012121760307/Business/pakistan-cambodia-ties-set-to-strengthen.html
Think Tank Says Investment Needed to Balance Growth
Government action is needed if Cambodia is to reach its potential for economic growth and address growing inequality, according to a new report from a leading local think tank. The recommendations were included in the Cambodian Development Resource Institute’s (CDRI) annual development review 2012 to ’13. ...
Rosewood gambit fails
A disguised shipment of nearly eight cubic metres of illegal rosewood worth an estimated $50,000 was snagged yesterday in a Forestry Administration dragnet in Siem Reap province after agents in Banteay Meanchey alerted authorities the shipment was headed their way, Forestry officials said. Siem Reap Provincial ...
http://www.phnompenhpost.com/2013030761814/National/rosewood-gambit-fails.html
Rubber Gives New Bounce to Economy
Cambodia’s Prime Minister Hun Sen announced plans Thursday to encourage rubber smallholdings in a bid to expand production as the country promotes the cash crop as the number two commodity after rice. Hun Sen said the government will support not only large-scale rubber plantations but also ...
http://www.rfa.org/english/news/cambodia/rubber-04122012174332.html
Trade with Vietnam climbs
Export to Vietnam climbed more than 57 per cent year on year in the first quarter of 2012 as farmers looked for alternative destinations for products that went to Thailand last year. The primarily agricultural exports to Cambodia’s eastern neighbour were worth US$201.5 million, up from ...
http://www.phnompenhpost.com/index.php/2012050355944/Business/trade-with-vietnam-climbs.html
UN Rights Envoy Visits R’kiri Land Concessions
The U.N.’s human rights envoy to Cambodia, Surya Subedi, was in Ratanakkiri province yesterday as part of his weeklong visit to the country to investigate the impact land concessions have on local communities. Some rights groups have singled out land concessions as the premier human rights ...
Cambodia takes $430m China loan
Cambodia yesterday signed deals for about US$430 million in loans from China, the latest in a number of high-profile borrowing deals with its northern neighbour. The bulk of the loans, from Export-Import Bank of China, would go towards two national road projects and a multipurpose dam ...
http://www.phnompenhpost.com/index.php/2012061456790/Business/cambodia-takes-430m-china-loan.html
The promise of pork
While the Kingdom’s biggest industrial pig farming company is seeing steady growth as the nation’s population and hunger for pork grows, small pig farmers are having a hard time of it in the face of fluctuating prices and lower cost imports from Thailand, according to experts and insiders who came to a recent ...
Life on the edge of eviction
A group of families in the capital’s Por Sen Chey district gathered in their sludge-filled street yesterday, fearing authorities were moving in to evict them – for a second time. Many of the Andong village residents had taken the day off work; if anyone was coming ...
Protesting villagers ordered home
Officials from Prime Minister’s Hun Sen’s cabinet yesterday accepted the petition of 110 Preah Vihear villager representatives seeking intervention in a land dispute with defunct NGO DARPO. Hun Sen cabinet member Nov Ra told villagers who protested in front of the prime minister’s house to return ...
Insurance becomes next emerging market
Cambodians are starting to learn about insurance, thanks to Canadian company Manulife, which held a press conference on the topic on Friday. Low awareness and a limited pool of skilled talent are challenges facing insurers in Cambodia according Prudential representative Pankaj Banerjee. Despite this, he said Prudential ...
Indonesian Trader Close to $1.5b Cambodia Sales Deal
Trading company Galuh Prabu Trijaya is closing in on a deal with Cambodia that could boost sales of Indonesian fertilizer and agricultural machinery by $1.5 billion over five years. The deal would double Indonesia’s annual exports to the Mekong country, as the largest economy in Southeast ...
http://www.thejakartaglobe.com/business/indonesian-trader-close-to-15b-cambodia-sales-deal/550207
Factory boss tried for crumpling moon pic
The Kandal Provincial Court yesterday tried and convicted a Chinese factory supervisor for damaging a photograph of the moon in which the likeness of the late King Father Norodom Sihanouk is believed to have been seen. Judge Lim Sokuntha said the court had sentenced Leav Kuyseang, ...
Banong Families Receive Communal Land Tiles
Seventy-two ethnic minorities Banong families received communal titles to a combined 1,008 hectares of ancestral land in Mondolkiri province yesterday morning in a ceremony attended by Land Management Minister Chhun Lim. Communal titles were designed to protect the ancestral lands of the country’s minorities from outside ...
Farmers of cassava afraid of losing out to a lack of rainfall
The price for cassava plants is increasing in the Kingdom’s north-western provinces, where the new season started. Due to the lack of rain many were damaged, according to farmers and officials. Sreng Sreang, deputy director of the Pailin longan collective, which planted about five hectares of ...
Boeung Kak takes case to Assembly
About 200 people, including activist monk Loun Savath, rallied outside the National Assembly in Phnom Penh yesterday in support of the 13 Boeung Kak women sentenced to prison in a three-hour trial last Thursday. Supporters of the women, including villagers, unions and human rights groups, called ...
S. Korea, Cambodia Agree On Sharing Military Supplies
South Korea and Cambodia have agreed to share military supplies in peacekeeping and rescue operations as part of efforts to expand military ties between the two sides, the defense ministry here said Tuesday. Lee Seon-chul, the head of the South Korean defense ministry’s logistics managment bureau, ...
Cambodia needs to polish reputation
The chief economist at the Economic Research Institute for ASEAN and East Asia says Cambodia needs to attract greater numbers of multinational companies and treat them well, in order to establish production networks that will transfer technology to smaller Cambodian businesses. In an interview with the ...
Sesan Dam Approval Angers Villagers, Human Rights Groups
The government approved the Lower Sesan 2 dam project in Stung Treng province without any prior consultation with the most affected communities in Sesan district, where at least 5,000 people stand to be displaced, rights groups and villagers said yesterday. A study published earlier this ...
http://www.cambodiadaily.com/news/sesan-dam-approval-angers-villagers-rights-groups-5231/
Detained Russian's Company Under Investigation for Fraud
The company of Russian businessman Sergei Polonsky, who is currently being detained by Cambodian authorities after a maritime incident off the coast of Preah Sihanouk province last week, is being investigated by the Russian Interior Ministry for fraud, according to a statement on the ministry’s ...
http://www.cambodiadaily.com/news/detained-russians-company-under-investigation-for-fraud-7333/