PM says economy to grow by 7 per cent
Prime Minister Hun Sen said on Monday that the Kingdom’s economic growth is forecast to grow at 7 per cent this year, according to news agency reports. “We still maintain our forecast of 7 per cent growth and the latest forecast showed that the inflation rate ...
Grassroots Forum Issues Demands Ahead of Asean
The Asean Grassroots People’s Assembly (AGPA) agreed yesterday on a list of demands it intends to present to the Cambodian and regional governments. A crowd of more than 2,000 people-including garment factory workers, victims of evictions, and sex workers, as well as undercover police-gathered at Phnom ...
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 ...
Drought hampers rice cultivation in Cambodia
Cambodia has cultivated 1.93 million hectares of land, only 82 percent of its 2.36 million hectare target, due to a delay in monsoon rains which hampered rice sowing in the country, according to a media release from the Ministry of Agriculture on Sunday. The report said ...
Cambodia: Mineral, Metal and Fuel Resources
Cambodia, with a total population of 14,952,665 as of July 2010, is located in Southeastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. The country mostly has a tropical climate and covers a total area of 181,035 km2 Cambodia’s key natural resources include ...
Review of Land Concessions Foiled by Rain, Leeches
Six months after Prime Minister Hun Sen ordered a moratorium on the granting of economic land concessions (ELCs) and a legal review of the concessions that already exist, the Agriculture Ministry has yet to begin the review process due to rain, and the danger of ...
Land dispute arrests soar 144 pct in 2012
The number of people arrested over land disputes jumped 144 percent from a year earlier to 232 in 2012, the Cambodian Human Rights and Development Association (Adhoc) said Thursday. Speaking at a news conference, he [Adhoc president Thun Saray] said Adhoc last year received 70 ...
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=Mjk2OWQyMTBhNWE
UN Sees Cambodian Economic Growth Slowing in 2012
Economic growth in Cambodia is estimated to reach 6.7 percent this year, a 0.2 percent drop compared with 2011, the U.N. said in a report released on Friday, citing a modest slowdown in exports from Cambodia to the U.S. and Europe. In its Economic and Social ...
Long-Running Protest Still Without Resolution
About 2,000 workers at a factory supplying clothes to U.S. brands Levi Strauss, Gap and Old Navy were stopped by security forces yesterday as they attempted to march from Kandal province to the Ministry of Labor to protest for severance payments and additional benefits. Protests at ...
Rural surveyors miss Phnom Penh
Inner city students enlisted into Prime Minister Hun Sen’s nationwide land-titling program have been getting a taste of the rural life and some of them are ready to come home. Prepped with a two-day crash course in surveying, more than 1,000 youths have been dispatched across ...
Number of Condominiums Grows in Phnom Penh
The number of condominiums in Phnom Penh has increased 22 percent to 2,578 units since the beginning of the year, according to data released yesterday by Asia Real Estate Cambodia. The firm said that the majority of the new units came from the completion of 10 ...
Agricultural options eyed in Cambodia
Representatives from over 100 Cambodian and Vietnamese companies gathered in Phnom Penh to seek agricultural investment opportunities between the two countries. Participants listened to reports on trade and co-operation opportunities in agriculture, forestry, aquaculture and seafood, delivered by representatives from both governments. They discussed Viet Nam’s ...
http://vietnamnews.vn/Agriculture/234150/agricultural-options-eyed-in-cambodia.html
Development Bank Revises Growth Outlook
A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent. The ADB’s estimation was edged down just 0.1 percent from its last forecast made ...
Senator Offers Cash Compensation to Evictees
CPP Senator and business tycoon Ly Yong Phat last week continued to offer families in Koh Kong province cash compensation to get them to drop out of a lawsuit against two sugar cane plantations he once owned, according to villagers. But villager Phann Khly yesterday ...
Mekong Subregion Investment Cooperation Forum highlights development triangle
Ministry of Planning and Investment, the Vietnam Association of Foreign Investment Enterprises, and the Cambodia-Laos-Vietnam Association for Economic Cooperation Development jointly held the Mekong Sub-region Investment Cooperation Forum with the theme of Cambodia-Laos-Vietnam Development Triangle before the New Challenges and Opportunities in Buon Ma Thuot ...
11th World Huang clan convention held in Cambodia
About 3,000 Chinese in Huang clan from around the globe gathered here Wednesday to bridge closer ties among Huang families and to visit Cambodia’s attractive tourism destinations. Speaking at the opening of the 11th World Huang Clan Convention 2nd Session, Cambodian Minister of Commerce Cham Prasidh, ...
http://news.xinhuanet.com/english/culture/2012-12/05/c_132021075.htm
China pledges $548 million in aid to ally Cambodia
China has pledged another $548 million in aid to Cambodia for infrastructure and irrigation systems, extending assistance that some critics say has bought it Cambodia’s diplomatic support. Agreements covering $500 million in soft loans and $48 million in grants were signed when Prime Minister Hun ...
http://www.reuters.com/article/2013/04/10/us-cambodia-china-idUSBRE93909D20130410
Firm to Develop Gold Mine in Ratanakkiri
A subsidiary of Indian firm Mesco Steel has arrived in Cambodia to begin developing a gold mine in Ratanakkiri province, according to an investor involved in the deal. Mesco Gold has paid a fee of $1.2 million to Canada-listed exploration firm Angkor Gold to develop a ...
http://www.cambodiadaily.com/business/firm-to-develop-gold-mine-in-ratanakkiri-19319/
Packaged MSG imports plummet
Cambodian imports of packaged monosodium glutamate (MSG) totalled just 2,086 tonnes last year, the lowest amount since 2002, according to import figures from the customs department of the Ministry of Economy and Finance. The import figures showed that from 2002 to 2010, Cambodia had imported a ...
http://www.phnompenhpost.com/2013052165729/Business/packaged-msg-imports-plummet.html
Cambodia predicts 7.6 percent GDP growth in 2013
Cambodia’s economy would grow by 7.6 percent this year, driven by garment exports, agriculture, tourism and construction, according to a preliminary prediction by the Ministry of Economy and Finance on Wednesday. The ministry said that the GDP volume would be around 15.19 billion U.S. dollars and ...
http://news.xinhuanet.com/english/business/2013-07/24/c_132570724.htm