WHO Urges Higher Taxes On Tobacco
The World Health Organization (WHO) yesterday urged Cambodia to increase taxes on cigarettes and other tobacco products-currently the lowest in the world-in order to raise revenue and deter smokers. Ayda Yurekli, coordinator of the WHO’s tobacco control economics unit, said during a workshop in Phnom Penh ...
Slowdown in garment exports from Cambodia
The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497
Porsche Joins Cambodia's Luxury Car Race
Though still one of the poorest countries in the region, Cambodia’s recent economic growth has birthed a new class of consumer. And waiting in the wings is German automaker Porsche, which intends to sell its distinctive sports cars directly to Phnom Penh’s wealthy within a ...
http://www.cambodiadaily.com/business/porsche-joins-cambodias-luxury-car-race-10927/
Economy Strong but IMF Warns of Risks
Strong exports, increasing numbers of tourists and a recovering real estate sector are driving strong economic growth this year, but the gross domestic product outlook could still be offset by an unstable global economy, weak demand from the West and an overheating banking sector, the International ...
ADB - Asian Development Bank : Greater Mekong Ministers to Review New Phase of Development Priorities
Ministers from the Greater Mekong Sub-region (GMS) will review progress on the Regional Investment Framework (RIF) to boost implementation of the GMS Strategic Framework 2012-22, as they meet today and tomorrow for the 18th GMS Ministerial Conference in Nanning, People’s Republic of China (PRC). The ...
Government Says New Jet Was Leased From Chinese Airline
The Council of Ministers has revealed that its new Airbus A320, meant for shuttling Prime Minister Hun Sen and a select few others around the world, is being leased from China Southern Airlines but refrained from disclosing how much the deal was worth. Last month, CPP ...
http://www.cambodiadaily.com/news/government-says-new-jet-was-leased-from-chinese-airline-12328/
Inflation Falls on Lower Gas, Food Prices
Consumer prices in Phnom Penh grew just 1.8 percent year-on-year in the month of June, the lowest increase in almost two years, as food and gas prices remained stable, according to figures released yesterday by the Ministry of Planning. In its monthly inflation report, the ministry ...
Hun Sen Shares Vision of Rubber Plantation Boom
Reporting that the country had achieved better than expected economic growth last year, Prime Minister Hun Sen yesterday targeted a rapid expansion of the country’s rubber industry and predicted that almost 1 in 10 Cambodians would soon be working in rubber. “Agriculture continues to play ...
http://www.cambodiadaily.com/news/hun-sen-shares-vision-of-rubber-plantation-boom-11253/
Flood's deadly toll contested
Disputed figures surround the flood death toll in Banteay Meanchey province. Yesterday, Banteay Meanchey city hall spokesman Keo Ratanak rejected reports that more than 10 people had drowned in the province as a result of the flooding, saying: “The exact number is seven.” But according to numbers ...
http://www.phnompenhpost.com/index.php/2012100259036/National-news/floods-deadly-toll-contested.html
Cooperatives Key to Help Farmers, Combat Hunger
The key to lifting people out of poverty could be found in the setting up of farming cooperatives, the country director of the World Food Program said on Friday, which was also World Food Day. Jean-Pierre de Margerie, country director of the World Food Program, said ...
Local cashew nut exports increasing
Cambodia’s cashew-nut exports increased sharply from 443 tonnes in 2011 to 4,453 tonnes last year, according to the Ministry of Commerce. But observers say these figures do not reflect reality, as a large percentage of exports had not been recorded. An expert in cashew nut production, ...
http://www.phnompenhpost.com/2013020661205/Business/local-cashew-nut-exports-increasing.html
Cambodia Launches "One Tourist, One Tree" Campaign To Promote Green Tourism
Cambodia on Wednesday launched a “one tourist, one tree” campaign, aiming to promote green tourism and environment protection, Tourism Minister Thong Khon said. “We have already prepared tourism gardens in 11 provinces including cultural Siem Reap province, coastal Preah Sihanouk province and eco-tourism side in Kratie ...
http://news.xinhuanet.com/english/travel/2013-02/27/c_132196175.htm
As temperatures rise, floods to increase in Cambodia: report
Rising global temperatures could greatly exacerbate flooding in Southeast Asian countries such as Cambodia, as well as parts of Africa and South America, a new study by the University of Tokyo has found. Employing 11 different climate models, researchers found that with a mere rise ...
Melissa McMorran and Mom Kunthear
http://www.phnompenhpost.com/2013061166191/National/as-temperatures-rise-floods-to-increase-in-cambodia-report.html
Cambodia attracts over 2 mln foreign tourists in first half
Cambodia received 2.09 million international visitors in the first six months of the year, up 19 percent compared with the 1.75 million tourists over the same period last year, figures from the ministry of tourism showed Saturday. Tourism is one of the sectors supporting the ...
http://news.xinhuanet.com/english/world/2013-08/03/c_132598966.htm
Cambodia Ups Minimum Wages for Workers
The Cambodian government on Thursday announced a higher minimum wage of U.S. $80 per month for garment and footwear workers but they were not impressed, vowing to continue a strike until it is raised to U.S. $100. A tripartite meeting between the government, unions and Garment ...
http://www.rfa.org/english/news/cambodia/wages-03212013185628.html
Cambodia's trade with foreign countries up 25 pct in four months
Cambodia’s trade volume with foreign countries had reached 5.12 billion U.S. dollars in the first four months of this year, a 25 percent rise compared with 4.1 billion U.S. dollars over the same period last year, according to a report from the Ministry of Commerce’s ...
http://news.xinhuanet.com/english/world/2013-05/30/c_132419210.htm
Koh Kong cashes in on conservation
Koh Kong province’s mangrove forests have changed from being a source of charcoal to serving tourists who help to protect their biodiversity. The forests have now become a popular destination for Cambodian tourists. Yem Yan, Peam Krasorb commune chief in Koh Kong, said gradually visitors ...
http://www.phnompenhpost.com/2013051465588/Business/koh-kong-cashes-in-on-conservation.html
Factory Workers Demand Release of Eight After Protest
About 1,000 garment workers on Wednesday demonstrated outside Kompong Speu Provincial Court calling for the release of eight people arrested during a protest this week over wages at a factory supplying U.S. brand Nike, a union official said. Fighting between the workers on Monday displayed ...
http://www.cambodiadaily.com/news/factory-workers-demand-release-of-eight-held-after-protest-29318/
Cambodia's insurance industry reports 20 pct growth in 9 months
Cambodia’s insurance industry recorded a total premium of 31 million U.S. dollars in the first nine months of the year, up 20 percent compared with the same period last year, figures showed Tuesday. It said during January-September period this year, the total amount of claims paid ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-11/12/c_132882328.htm
Cambodians income rose four times in two decades
Cambodia’s per capita income increased four times in two decades since the Kingdom held its first United Nations supported democratic election in 1993, according to a report from Cambodia’s Development and Research Institute. In 1993, the country’s per capita income was only $240 USD per year, ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=ZWIxMzQ0ODVmZmQ