ខេមបូឌា ដេលី
Three special economic zones gaining steam
Five years after the government established the country’s special economic zones (SEZs), the Phnom Penh SEZ, Sihanoukville II SEZ, and Manhattan SEZ in Svay Rieng province are at last starting to attract more business. According to data from the Council for the Development of Cambodia (CDC), ...
Dene-Hern Chen, p.25
Cambodia's top investor sits at bottom of bribery list
For the fifth time in a row, Cambodia’s top investment partner, China, has been ranked among the most likely to pay bribes, according to an international corruption perception report published yesterday. Transparency International’s Bribe Payer’s Index classed China as second-to-last among 28 of the world’s biggest ...
Subpar sanitation, high food prices curbing growth, UN says
Economic growth in Cambodia is being hampered by poor sanitation and hygiene, and rising food prices are leaving people struggling to afford basic produce for a balanced diet, according to a report released yesterday by the UN Development Program (UNDP). The UNDP’s 2011 Human Development Report ...
Mega-projects lead to big growth in approved investments
Approved investments in Cambodia reached $5.6 billion during the first nine months of the year, a 305 percent increase compared to the same period the year before, according to data from the Council of the Development of Cambodia (CDC). Last year’s approved investments during the same ...
Borei Keila residents start fire, stone district office
About 200 residents of Phnom Penh’s Borei Keila community burned tires and threw rocks at the Prampi Makara district office yesterday, demanding that the district governor solve a long-running housing dispute between them and powerful construction firm Phanimex, which they say has failed to abide ...
US, Cambodia to sign off on $20m in aid projects
The US is scheduled today to sign off on another $20 million in funding for aid projects in Cambodia, according to a US Embassy statement issued yesterday. One project will “strengthen the ability of civil society, the private sector, and the government to address food security ...
Raped maids sent back to labor agencies
The Cambodian Embassy in Malaysia returned abused Cambodian maids, including women who were raped by their employers, to work at maid recruitment agencies in that country, a new report by Human Rights Watch claims. The New York-based rights group also said Cambodian police colluded with labor ...
S&P downgrades Acleda, keeps outlook stable
Hours after downgrading Cambodia’s long-term sovereign credit rating, ratings agency Standard & Poor’s said it had also decided to lower the credit rating for Acleda Bank to B from B+, though it maintained its outlook for the bank as stable. The decision follows a similar decision ...
With broad mandate, group to represent migrant workers
As reports continue to flood in detailing rampant abuse of Cambodian migrant workers abroad, the Cambodian Migrant Workers’ Association (CMWA) said it would be registering with the Ministry of Interior today as the country’s first migrant workers representative organisation, according to its director. “The idea is ...
Talks yet to begin with Malaysia on maid ban
More than two weeks after a ban on sending maids to Malaysia began, work on a bilateral agreement that would protect Cambodian maids working in Malaysia has not begun, officials said yesterday. Ho Vuthy, deputy director general at the Ministry of Labor’s department of labor, said ...
Land dispute victims to protest crackdown
More than 2,700 families embroiled in 11 separate long-running land disputes in Kandal province are planning to hold a mass protest to draw attention to the continuing arrests and detention of villagers by the provincial court, villagers said yesterday According to Adhoc’s records, Kandal Provincial Court ...
S&P downgrades national sovereign debt rating
Ratings agency Standard & Poor’s yesterday lowered Cambodia’s long-term sovereign credit rating by one notch to B due to the country’s continued inability to diversify its economy and increase government spending. The decision by Standard & Poor’s comes after the agency said in September that constraints ...
Insurance firms at loss through first three quarters
Insurance companies have operated at a loss through the first nine months of the year, paying out a total of $32.5 million over $20.4 million in generated revenues, according to data released by the Cambodian Reinsurance Company on Friday. Ty Atith, a senior underwriter at the ...
Two maids allegedly suffered abuse in Malaysia
Two new claims of abuse of Cambodian maids employed in Malaysia have emerged since Friday, including one case of a woman who returned home with severe mental trauma following alleged mistreatment by her Malaysian employer, the victims’ families said. Iy Thar, a villager from Kompong Thom ...
44 staff members for national arbitration center selected
After years of trying to find suitable staff, the Ministry of Commerce on Friday released a list of 44 arbitrators who will be in charge of running the National Arbitration Center (NAC), a body designed to offer businesses a commercial dispute mechanism alternative to Cambodia’s ...
Boeng Kak residents detained for looking at list
Three residents of Phnom Penh’s Boeng Kak lake community were temporarily detained by police and had a camera and phone confiscated yesterday while trying to take pictures of a list posted outside the Srah Chak commune office in Daun Penh district. Two of the three are ...
Labor Ministry official's link to agency sparks controversy
Amid mounting concerns over labor recruitment agencies’ treatment of migrant workers, new links were discovered yesterday between agencies and the officials that regulate them, as a daughter of a senior Labor Ministry official was found to be running a major recruitment firm. Nhem Chakrya, deputy director ...
Japanese mall buys swathe of prime real estate
In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...
Draft budget law allocates $2.6bn for 2012
Total government spending in 2012 is set to reach $2.62 billion, an increase of 9 percent on the $2.4 billion the government had budgeted to spend in 2011, according to a copy of the 2012 draft budget law obtained yesterday. As part of the new budget, ...
Nonperforming microloans swell due to floods
Total outstanding loans in the microfinance sector reached $815.47 million in the third quarter, a 25.8 percent rise compared to beginning of the year, according to data released yesterday by the Cambodia Microfinance Association (CMA) Despite growth in the sector, microfinance institutions said nonperforming loans were ...
Exports reach $3.5 billion in the first nine months
Total exports during the first nine months of the year rose 41 percent to $3.5 billion compared to the same period in 2010, according to data released by the Ministry of Commerce. Of the total amount, $3.1 billion was in garments, $10 million in paddy rice, ...
NGOs voice concerns about draft law ahead of aid forum
The government’s proposed NGO draft law is a barrier to effective aid and development, civil society organizations said yesterday during a workshop in Phnom Penh focused on compiling a report on Cambodia’s climate for NGOs ahead of a global forum on aid effectiveness to be ...
Agriculture minister pushes for pig imports
The Minister for Agriculture yesterday appealed to buyers to address the shortage of pigs in Phnom Penh by applying for licenses that would allow them to import more livestock from neighbouring countries. An industry representative and a market expert, however, warned of the potential fallout that ...
Maid abuse scandals to lead labor recruiters to lay off staff
Overseas labor recruitment agencies that send maids to Malaysia are planning to lay off about 1,000 staff members as they prepare to close down many pre-departure training centers following a growing scandal around abuses and criminal activity during the recruitment, training and sending of maids. An ...