ព័ត៌មាន
Controversial dam: Thailand not objecting to Xayaburi
Thailand will not object to the proposed Xayaburi hydropower dam in Laos, but Vientiane must shoulder responsibility for potential environmental damage caused by the US$3.8 billion project, the Bangkok Post reported yesterday. “Laos has the right to construct the dam as it is located inside Lao ...
Climate vulnerability in focus
The Royal Government needs to address the environmental impacts not only from climate change but from man-made, water-based infrastructure such as dams before another natural disaster like the recent flooding claims hundreds of lives, community representatives said yesterday. At the first NGO Forum conference on climate ...
First 10 months of year's exports up 32.9 percent
Exports from Cambodia increased 32.9 percent to $3.7 billion during the first ten months of this year compared to the same period in 2010, according to data released by the Ministry of Commerce yesterday. Milled rice exports saw the biggest increase with a 161.5 percent jump ...
Vietnamese equity fund to open in Cambodia
Dragon Capital, a Vietnam-based private equity firm, has announced that it is planning to launch a fund in Cambodia next year, the second such fund to be announced by a Vietnamese company this year. The firm’s CEO, Dominic Scriven, said that the initial fund would close ...
Forestry department confiscated rosewood in Ratanakiri
The Ratanakiri provincial forestry department over the past week in Andong Meas district confiscated more than 600 pieces of the luxury rosewood species of timber, a forestry official said. Vong Sok Serie, Ratanakiri provincial administration chief, said his officers collected a total of 610 pieces of ...
In a call to find justice, Boeng Kak Lake villagers draw blood
Rounding off a week that included two violent clashes with police and the charging and release of four protesters, Boeng Kak lake villagers yesterday daubed paper sheets with their blood in a symbolic call to end what they consider judicial intimidation. About 50 villagers gathered at ...
Hun Sen extends Tonle Sap fishing lot closure
While crediting his efforts to quash illegal fishing with a surge in this year’s fish stocks, Prime Minister Hun Sen said yesterday that he would extend the closure of 35 large Tonle Sap lake fishing lots until 2014. Speaking at a road paving project inauguration in ...
Moody's offers update on Kingdom's credit outlook
Improved fiscal management and preparation for a decline in foreign aid would help increase Cambodia’s credit rating, according to a quarterly credit opinion from Moody’s Investor Service, which maintained a stable outlook for the country. Reduced exposure to crisis and stagnation in Western economies, continued foreign ...
GDP growth drives petrol imports 67% year-on-year
The Kingdom’s strong economic growth so far this year has driven petroleum imports 67 per cent higher year-on-year through October, according to Ministry of Commerce data. Total imports reached 1.2 million tonnes, or US$1.14 billion worth, in the first 10 months of the year, compared to ...
EU crisis hurting silk sector
Europe’s continued economic troubles have weighed heavily this year on Cambodian silk producers, officials and industry insiders said yesterday. Debt woes in the euro zone, the Kingdom’s main export market for silk, have caused job losses, among other issues, according to officials. Cambodian Craft Cooperation, which makes ...
Rann Reuy
http://www.phnompenhpost.com/index.php/2011120153074/Business/eu-crisis-hurting-silk-sector.html
Prime Minister wants better relations with neighbours
Prime Minister Hun Sen called for improved relations between Cambodia, Laos and Vietnam during sideline discussions with high-ranking officials from the three countries at a meeting in Phnom Penh yesterday. Hun Sen’s personal spokesman, Eng Sophalleth, said the premier had spoken with Huynh Dam, president of ...
Strikers ordered back to work
The Phnom Penh Municipal Court ordered on Tuesday that workers striking at Cambo Handsome 1 return to work within 48 hours and banned them from striking in front of the garment factory, in the capital’s Dankgor district. Seang Sambath, president of the Federation of Friendship Unions, ...
Recent floods underscore need for action
A regional meeting on disaster risk reduction and climate change wrapped up yesterday with officials pointing to the recent flooding as a reason to take immediate action to prepare for disasters. “We must not sleep or wait for donors to take action,” Ross Sovann, deputy secretary-general ...
Historic US aid project
A new USAID-funded malaria project in Myanmar will draw on prevention, treatment and containment models developed in Cambodia, and underscores the emergence of closer relations between Washington and Naypyitaw, health officials said yesterday. The US$24 million project will expand the effort to contain drug-resistant malaria, which ...
http://www.phnompenhpost.com/index.php/2011120153090/National-news/historic-us-aid-project.html
Chinese bank launches branch in Phnom Penh
The Industrial and Commercial Bank of China (ICBC) launched its first branch in Cambodia yesterday, bringing the total number of commercial banks in the country to 30. Speaking at the inauguration of the branch in Phnom Penh, Finance Minister Keat Chhon made an appeal to ICBC ...
Another logger shot dead along Thai border
Thailand has repatriated the body of an Oddar Meanchey man fatally shot Tuesday while illegally logging for rosewood in Thailand, border officials said yesterday. Torn Kimsann, 22, was among a group of four men from Samraong City’s O’Smach commune who had ventured about 1km into Thailand ...
Protest over fishing lot bidding continues
Government officials sent conflicting messages yesterday over how they would handle the complaints of about 50 businessmen from Kompong Cham province who continued to protest at the Fisheries Administration over Prime Minister Hun Sen’s decision to cancel their bids to operate fishing lots. Por Try, secretary ...
US Senate calls for delay of Mekong dams
As Mekong River Commission (MRC) countries prepare for a crucial meeting next week to debate Laos’ proposal to build the first Lower Mekong River dam, the US Senate Foreign Relations Committee has called for a delay of the controversial project. The US Senate’s concern was echoed ...
China firm plans bauxite processing plant in Kratie
China’s Erdos Hongjun planned to build a bauxite processing plant in Kratie province as part of the company’s US$1.5 billion venture in the Kingdom’s northeast, provincial officials said yesterday. The plant would serve Erdos’s mine in neighbouring Mondulkiri, an exploration licence for which was granted by ...
Prices steady in October
Consumer prices in the Kingdom rose about five per cent year-on-year in October, according to the National Institute of Statistics, though they held steady from September. Declining food and fuel prices, along with an appreciating US dollar, were listed as the main reasons for the stabilisation ...
http://www.phnompenhpost.com/index.php/2011113053042/Business/prices-steady-in-october.html
Mass faintings hit factory again
Female workers were rushed to hospital in a second mass fainting yesterday at Su Tong Fang Ying Kam garment factory in Russey Keo district, unionists said. About 17 female workers became overwhelmed with diesel fumes from their sewing machines and were rushed to Calmette Hospital, where ...
60 businessmen protest annulment of fishing lot licenses
About 60 businessmen from Kompong Cham province protested at the Agriculture Ministry yesterday over Prime Minister Hun Sen’s decision to cancel their bids to operate fishing lots. Mr Hun Sen on Friday annulled the results of an October bidding process for companies interested in operating fishing lots ...
Villagers locked in land dispute threaten arson
Police and military police stopped about 200 villagers from entering rice fields in Battambang province yesterday, saying they had no right to harvest in the 100-hectare area because it belonged to well-known businessman Song Thon, villagers said. Chhut Mao, a 64-year-old village representative of Lvea commune, ...
Protest for union trio continues
Workers and managers at Cambo Handsome 1 garment factory were continuing discussions last night after a fourth day of protest in which union leaders said more than 20 employees were injured in a confrontation with police. The workers are protesting against the suspension of three union ...