ព័ត៌មាន
2011 rubber prices surge 132 per cent on demand
Cambodia’s 2011 rubber exports and export prices grew by 5.5 per cent and 131 per cent respectively, according to data from the Ministry of Commerce obtained by the Post. The data shows rubber exports last year totalled 46,727 tonnes, compared to 30,040 tonnes in 2010. Export ...
MIME backs Kingdom SMEs
The Ministry of Industry, Mines and Energy is set to provide a total of US$800,000 to small and medium enterprises as part of an initiative to strengthen the sector’s technical and competitive strategy. As many as 30 companies would receive the financing, Meng Satheara, the ministry’s ...
Borei Keila villagers set to sue
Women from Borei Keila who escaped Prey Speu social affairs centre last Wednesday made another impassioned plea for housing and compensation at rights group Licadho’s Phnom Penh headquarters on Friday. Armed with copies of a Borei Keila construction agreement from 2004 and in tears, they spoke ...
Villagers set to regain land
Villagers from Kratie province, who blocked National Road 76a last week after four of their own were shot by guards working for agro-development firm TTY, appear to be on their way to receiving farmland they lost to the company in an economic land concession. A statement ...
Human Rights Watch slams government for poor rights record
With a focus on the NGO draft law and allegations of government interference in the Khmer Rouge tribunal, international rights group Human Rights Watch blasted Cambodia’s rights record in its annual report yesterday. The government was quick to hit back at the criticism, saying that HRW ...
Export figures up 42% in 2011
Strong growth in garment, textile, and agricultural exports drove a 42.7 per cent increase in Cambodia’s total exports for 2011, official Ministry of Commerce data shows. The Kingdom exported $4.98 billion in goods last year, compared with $3.49 billion the year before. Market diversification and a relaxing ...
Pol Pot on the tourist map
The Documentation Centre of Cambodia has joined a coalition of government ministries on an study tour to establish a tourism plan in the former Khmer Rouge stronghold of Anlong Veng district in Oddar Meanchey, officials said yesterday. Anlong Veng was the last stronghold for the Khmer ...
Farming group to quadruple organic production
The Cambodian Center for Study and Development in Agriculture (Cedac) said yesterday that it plans to raise its annual production of organic vegetables from 120 tons to 600 tons by the end of 2015. Lim Sokun Darun, program coordinator at Cedac, said that the decision to ...
Damages from mine to cost at least $4m
The government said yesterday that a gold mine in Kompong Cham province that has damaged about 1 square km of land with chemical waste would cost at least $4 million to clean up. Speaking at a workshop in Phnom Penh on revenue transparency, Sim Sisokhaly, director ...
Work to begin on controversial dam in Stung Treng next week
Workers will begin clearing forestland in Stung Treng province as early as next week in preparation for the controversial 400-megawatt Lower Sesan 2 dam, district officials and villagers said yesterday. The hydropower project, funded by Vietnam Electricity (EVN), will flood tens of thousands of hectares of ...
Courts step up charges in land disputes
The number of criminal charges meted out to villagers embroiled in land disputes rose by more than 50 percent in 2011 compared to the previous year, according to figures released by the rights group Adhoc yesterday. The rights group found that the courts charged 475 villagers ...
Soldiers shoot villagers over land protest
Violence erupted yesterday in Kratie province’s Snuol district where six people were shot and injured when RCAF soldiers working for a rubber company opened fire on a crowd of villagers who were trying to stop the company from clearing land in the area, police and ...
Foreign banks eye Kingdom's prospects
Two more Vietnamese banks have announced they will apply for licences to operate in Cambodia, according to media reports. If accepted, Maritime Bank and Saigon-Hanoi Commercial Bank (SHB) would bring the number of Vietnamese banks in Cambodia to six, National Bank of Cambodia officials said yesterday. Experts ...
World Bank expects strong growth in 2012
The World Bank yesterday predicted gross domestic product to grow 6.5 percent this year, though it said that economic conditions could sour if the economies of Cambodia’s largest export markets in the US and Europe deteriorate. In an economic report outlining prospects for all of the ...
Villagers in Prey Long Forest seize load of illegal timber
Faced with continued illegal logging in Prey Long forest, villagers in Kompong Thom province’s Sandan district once again took the initiative to seize a large haul of illegal timber from local loggers. Villagers, however, said that local officials are complicit in the logging ring and ...
Land grants affected 11,377 families in 2011, rights groups say
More than 11,000 families were affected by government-granted economic land concessions in 2011, nearly 3,000 more families than were affected the previous year, according to figures released yesterday by local rights group Licadho. A total of more than 2 million hectares of the country’s forests and ...
Garment, shoe exports set to surpass $4bn
Buoyed by strong demand from the economies of Europe and North America, the total amount of garment, shoe and textile exports that left Cambodia last year was on target to surpass the $4 billion mark, dwarfing 2010’s total of $2.88 billion, the Garment Manufacturers Association ...
Firm refuses housing pleas
The owner of development firm Phan Imex Company said yesterday that 64 families from the capital’s Borei Keila community who were demanding compensation for houses demolished on January 3 did not have the documents to prove they had owned a house on the site. Phan Imex ...
http://www.phnompenhpost.com/index.php/2012011854001/National-news/firm-refuses-housing-pleas.html
Largest-ever Cambodian solar project launched
Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...
More predictions for CSX start date
The Cambodia Securities Exchange may launch as soon as March or April, according to an official at the Korea Exchange, the Kingdom’s partner in launching its stock market. Final preparations for the CSX’s initial public offerings should be complete at that time, Pat Gil-soo, senior vice-president ...
Beer makers binge on ads
Whether it is dancing pop stars or plays on national pride, dramatically increasing budgets for beer advertising took Cambodia’s TV sets and public spaces by storm in 2011. Beer advertising surged 164 per cent year-on-year in 2011, according to data from Indochina Research Ltd, making it ...
http://www.phnompenhpost.com/index.php/2012011753964/Business/beer-makers-binge-on-ad-spend.html
Obama, Clinton visits set
In a sign of “improving” relations between Cambodia and the United States, the Kingdom will host US President Barack Obama and Secretary of State Hillary Clinton this year, officials confirmed yesterday. The visit would be the first by a sitting US president. Joseph Yun, the US ...
http://www.phnompenhpost.com/index.php/2012011753979/National-news/obama-clinton-visits-set.html
Thailand's second-largest rice exporter invests $47m in mills
Asia Golden Rice (AGR), Thailand’s second-largest rice exporter, will invest $47 million to build milling plants in Cambodia capable of processing up to 1 million tons of rice per year, according to a company representative and reports from the Thai news media yesterday. “This will be ...
China's Xinwei becomes country's 10th mobile operator
The government has granted China’s Xinwei Telecom a license to become the country’s tenth mobile phone operator and the second firm to roll out so-called 4G technology, the fastest and most advanced network currently available on the market. Those in the telecommunications industry said that the ...