ព័ត៌មាន
World Bank Report Says Few Cambodians Using Bank Accounts
Only 3.7 percent of Cambodia’s 14 million people have bank accounts with a financial institution, while less than 1 percent of those with an account are actually using them to save money, according to a World Bank report released Tuesday. Though the World Bank’s Global Financial ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/world-bank-report-says-few-cambodians-using-bank-accounts-46844/
Malaysian company selling its local bank
Malaysian financial services group Hwang-DBS Bhd is selling its eponymous bank in Cambodia for $40 million, the company has announced on the Bursa Malaysia. The sale is to Phillip MFIs Pte Ltd, a member of the Singapore-based PhillipCapital Group. PhillipCapital has an existing presence in ...
Daniel de Carteret
http://www.phnompenhpost.com/business/malaysian-company-selling-its-local-bank
Projects ‘threaten mangroves’
Mangrove forests along Cambodia’s coast in Kampot support more than 100,000 families and create a diverse ecosystem that is home to hundreds of unique species. But coastal development projects, coupled with locals’ reliance on the forest for their livelihoods, threaten to decimate more than 1,000 hectares ...
Phak Seangly
http://www.phnompenhpost.com/national/projects-%E2%80%98threaten-mangroves%E2%80%99
Californian Winery Enters Cambodian Market
California-based winery E. & J. Gallo has entered Cambodia and is offering four of its more economically priced brands in an effort to introduce locals to wine without breaking their budget, company representatives said Monday. “Cambodia, as well as other markets in Asia, is perfect for ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/californian-winery-enters-cambodian-market-46863/
Water Resources Minister Seeks Investigation Into Exported Sand
Minister of Water Resources and Meteorology Lim Kean Hor said Monday that he would seek an investigation into a $1.5-million haul of river sand exported to India in April in spite of a ban on the export of dredged sand handed down by Prime Minister ...
Hul Reaksmey
http://www.cambodiadaily.com/news/water-resources-minister-seeks-investigation-into-exported-sand-46848/
Preah Vihear temple: Disputed land Cambodian, court rules
Cambodia should have sovereignty over disputed land around the Preah Vihear temple on the border with Thailand, the UN’s highest court has ruled. The International Court of Justice in the Hague said Thailand must withdraw any soldiers from the area. Cambodia sought a clarification of the ...
BBC News Staff
http://www.bbc.co.uk/news/world-asia-24897805
Cambodia’s tourism soars
Cambodia’s tourist arrivals registered a 16.9% growth in September according to the country’s statistics and tourist Information department. The country attracted 283,787 visits compared to 242,747 during the same month in 2012. Released by the Ministry of Tourism, late last week, data showed the percentage ...
Wanwisa Ngamsangchaikit
http://www.ttrweekly.com/site/2013/11/cambodias-tourism-soars/
Japan's Orix to Buy 6% Stake in Cambodia's Acleda Bank
Orix Corp., Japan’s top leasing company, has agreed to buy a 6% stake in Cambodia’s largest bank by assets, Acleda Bank PLC, according to people close to the matter. It would be the first investment by a major Japanese financial institution in the Southeast Asian country, ...
Atsuko Fukase and Chun Han Wong
http://online.wsj.com/news/articles/SB10001424052702304644104579191612248592376
On Independence Day, King Sihamoni Calls for Unity
King Norodom Sihamoni used a speech during celebrations marking the 60th anniversary of Cambodia’s independence from France on Saturday to call for unity amid growing concerns over the long-term harmony of the nation since July’s disputed national election. Government officials, military officers and foreign diplomats turned ...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/on-independence-day-king-sihamoni-calls-for-unity-46800/
Government Expects 14.5 Percent Rise in State Revenue
The government plans to raise $3.51 billion in state revenue in 2014 in order to finance a $3.4 billion draft budget, an increase of about 14.5 percent compared to the previous year, when the government raised $2.98 billion in revenue, according to a draft of ...
Hul Reaksmey
http://www.cambodiadaily.com/news/government-expects-14-5-percent-rise-in-state-revenue-46807/
Thai Sugar Firm Meets With Koh Kong Evictees
Koh Kong Sugar has offered to settle its yearslong dispute with Cambodian families who accuse its plantations of stealing their land, but the farmers remain wary of being able to secure a fair deal. The firm, a subsidiary of Thailand’s Khon Kaen Sugar Industry Limited (KSL), ...
Zsombor Peter and Chhorn Chansy
http://www.cambodiadaily.com/news/thai-sugar-firm-meets-with-koh-kong-evictees-46811/
Speed up FOI law, PM says
Prime Minister Hun Sen has called on the Ministry of Information to accelerate the drafting of a long-awaited freedom of information law that could see more transparency in the Kingdom’s government. According to a press release issued by the Council of Ministers after a cabinet meeting ...
Meas Sokchea and Kevin Ponniah
http://www.phnompenhpost.com/national/speed-foi-law-pm-says
Lender singled out after documentary
Some 1,000 employees from one of Cambodia’s largest microfinance institutions gathered in the Koh Pich exhibition hall yesterday to watch A River Changes Course, the award-winning documentary about three Cambodians from different backgrounds all struggling to eke out a living in fast-changing times. Why Angkor Mikroheranhvatho (Kampuchea) ...
Joe Freeman
http://www.phnompenhpost.com/business/lender-singled-out-after-documentary
Villagers prepare for storm
Cambodians in the northern provinces are preparing for the remnants of super-storm Typhoon Haiyan, though forecasts now predict it will only mildly affect the Kingdom. In a warning issued on Friday, the Ministry of Water Resources and Meteorology said high winds and heavy rainfall would likely ...
Khouth Sophak Chakrya and Laignee Barron
http://www.phnompenhpost.com/national/villagers-prepare-storm
MFIs downplay debts
Two of the leading microfinance institutions (MFIs) in Cambodia said yesterday that they have identified a relatively small fraction of borrowers who were affected by flooding and would provide relief on their repayment schedules if necessary. The comments come after both Prime Minister Hun Sen and ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-downplay-debts
National Petroleum Authority to Change Hands
The Cambodian National Petroleum Authority (CNPA), formerly overseen by the Council of Ministers, will be integrated into the Ministry of Mines and Energy, according to senior CPP officials, the latest cut to the vast portfolio of government bodies controlled by Deputy Prime Minister Sok An. Since ...
Aun Pheap and Colin Meyn
http://www.cambodiadaily.com/news/national-petroleum-authority-to-change-hands-46796/
Dolphin found dead
A wounded female Irrawaddy dolphin was found dead in the Mekong River in Kampong Cham on Saturday. The 130-kilogram dolphin was discovered by residents in Kampong Siem town, significantly south of the species’ protected area, according to fishery administration officials. ...
Sen David and Laignee Barron
http://www.phnompenhpost.com/national/dolphin-found-dead
Industry Ministry to Be Split, New ‘Handicraft’ Focus
The National Assembly is set to dismantle the Ministry of Industry, Mines and Energy, rebuilding it as the Ministry of Mines and Energy and creating a new Ministry of Industry and Handicrafts, a senior CPP lawmaker confirmed on Friday. The move comes just a few weeks ...
Kuch Naren
http://www.cambodiadaily.com/news/industry-ministry-to-be-split-new-handicraft-focus-46782/
Turkey opens embassy in Cambodia
Turkey has opened an embassy in Cambodia to boost friendship and cooperation between the two countries, the Ministry of Foreign Affairs and International Cooperation said Saturday. Turkey decided to open the embassy “after the general elections were organized in a smooth, democratic, free and fair ...
Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=MTU5NjIzMzdhNDQ
Laos seeks to soothe neighbors over Mekong dam
Laos is taking steps to convince neighboring countries of the merits of the planned Don Sahong hydropower project over Mekong River. Lao government officials organized a site visit on Sunday and Monday so that interested parties could see the site first-hand and get a sense of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-11/10/c_132876218.htm
Cambodian ambassador speaks highly of mutual exchanges with Vietnam
This year, the Cambodian people celebrate their 60th National Day as well as the birthday of the Cambodia Kingdom’s royal army under the bright leadership of King Norodom Sihanouk, who relentlessly struggled against the French colonialists to gain independence (09-11-1953 – 09-11-2013). In 2010, Father ...
Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NTQ0YTNhY2QzOTQ
Coca-Cola To Probe Seven-Year-Old Cambodian Land Grab Case
Declaring that it has “zero tolerance” towards land grabbing, Coca-Cola has agreed to investigate a long running case in Cambodia where villagers are seeking court action against a company accused of seizing their land to make way for plantations linked to the supply of sugar ...
Eurasia Review News Staff
http://www.eurasiareview.com/09112013-coca-cola-probe-seven-year-old-cambodian-land-grab-case/
Bird flu kills 13 people in Cambodia this year
A ten-year-old boy died of bird flu on Saturday, bringing the death toll of the fatal disease to 13 in Cambodia so far this year, a World Health Organization (WHO) official said. “We regret to announce that the boy passed away in Kantha Bopha Hospital this ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/health/2013-11/09/c_132873955.htm
Three more populations of Indochinese hog deer found in Cambodia
Fauna and Flora International says its has found three previously unknown populations of the endangered Indochinese hog deer in Cambodia. “This is a remarkable discovery given not only the species’ vulnerability to hunting, but also because all of the sites were outside the existing protected area ...
Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=YzRmOWQ0M2JiNzU