ព័ត៌មាន
Cambodia Airports Comes Under Attack by a Former Executive
Philippe Laurent became secretary-general of Cambodia Airports in May 2008. He was one of six senior executives in charge of the country’s international airports in Phnom Penh, Siem Reap and the little-used facility in Sihanoukville. Mr. Laurent is now carrying out a one-man campaign against ...
http://www.cambodiadaily.com/selected-features/cambodia-airports-comes-under-attack-17727/
Hun Sen’s Land Titles Receive Rare Praise From Germany
Since Prime Minister Hun Sen announced an ambitious new plan some 10 months ago to make nearly half a million families official land owners, hardly a week goes by that a rural community does not complain of local officials trying to scam the project. But when ...
http://www.cambodiadaily.com/news/hun-sens-land-titles-receive-rare-praise-from-germany-17312/
The price of land development in Cambodia
Phnom Penh, a city once fabled for its stately colonial buildings and boulevards, and its serene riverside setting, is becoming a city of glaring contrasts. An economy left in ruins by the years of war and violent revolution in the 1970s and 80s grew at a ...
Cambodia's economy to grow by 7 pct in 2013: finance minister
Cambodia’s economy is projected to grow by 7 percent this year, Deputy Prime Minister and Finance Minister Keat Chhon said Friday. He said the growth still is contributed by garment exports, tourism, agriculture, real estate and construction. Last year, Cambodia’s GDP per capita was nearly 1,000 ...
http://news.xinhuanet.com/english/business/2013-03/29/c_132271714.htm
Evicted Railway Families Facing Debt 'Crisis'
Debt levels among the more than 1,000 families being evicted by a $142.6 million railway project bankrolled by Australia and the Asia Development Bank (ADB) have reached “crisis” proportions and require major intervention, according to a U.S resettlement expert who was hired by the ADB ...
http://www.cambodiadaily.com/news/evicted-railway-families-facing-debt-crisis-15618/
ADB Smothers Report On Families Hit by Rail Project
The Asian Development Bank has refused to release a critical study on the impacts its $141.6 million railway project is having on thousands of Cambodian families because disclosure of the report could hurt its relationship with the government, an ADB spokeswoman said. Raising concerns about the ...
World Bank’s Boeng Kak Failure Cited in UN Report
The U.N.’s expert on housing rights has cited the World Bank’s failure to help thousands of families evicted from Phnom Penh’s Boeng Kak neighborhood as a prime example of why the bank needs to make human rights a focus of its land sector programs worldwide. At ...
http://www.cambodiadaily.com/news/world-banks-boeng-kak-failure-cited-in-un-report-14120/
Policy to expand sector
The government plans to implement an industrial policy designed to promote development of the manufacturing sector. Speaking at a business networking dinner prepared by the Cambodian Federation of Employers and Business Associations on Wednesday, Sok Chenda Sophea, secretary general of the Council for the Development of ...
http://www.phnompenhpost.com/2013031161862/Business/policy-to-expand-sector.html
A smooth ride?
It’s not a claim every country can make, but Cambodia builds its own cars. A country known for its low-skilled workforce, the Kingdom exceeded expectations with its January release of the Angkor Car, a mini-electric vehicle able to get up to 300 kilometres per charge. ...
Survey Says Cambodia Lacks Fiscal Transparency
The government has failed to improve transparency of its finances, according to a global report released yesterday, which ranks Cambodia among the worst countries in the world for openness over budgets. The Washington-based International Budget Partnership’s Open Budget Survey 2012- conducted in Cambodia by NGO Forum- ...
Cambodia To Become Lower-Middle-Income Nation By End of 2013: PM
Cambodian Prime Minister Hun Sen said Monday that the country would move from the status of a low-income to a lower-middle-income nation by the end of this year. “We acknowledge that we are in the status of a low-income country with GDP per capita of less ...
ILO Respond to Scathing Stanford Report on Factory Monitoring
The International Labour Organisation (ILO) Better Factories Program (BFC) has responded to a scathing report released last week by Stanford University, which said the ILO program was ineffectual as it had not helped secure Cambodian workers a significant wage increase since the program started over ...
Government to invest $4.4B in Public Sector
The government has approved more than $4 billion of investment in the public sector over the next three years in a bid to stimulate economic growth, the council of ministers said in a statement obtained yesterday. “The rolling plan will focus om four main sectors” ...
Laos defends actions on Xayaburi at MRC meet
Laos yesterday defended its decision to begin building the Xayaburi dam amid criticism from Cambodia on a lively final day of the Mekong River Commission’s annual council meeting in Luang Prabang, Laos. According to separate sources who attended, Cambodia spoke out against Laos for “misinterpreting” the ...
Cambodia's economy to grow by 6.7% this year: WB
Cambodia’s economy is expected to grow by 6.7 percent in 2013 thanks to anticipating increases in agriculture, foreign direct investment (FDI) and tourism, the World Bank said in its latest outlook Wednesday. “The growth is based on achieving the dividends from focus on higher rice ...
http://news.xinhuanet.com/english/business/2013-01/16/c_132106591.htm
Cambodia’s low wages lure manufacturers away from China, other countries
Inside a gleaming white-and-blue garment factory in Cambodia stand rows of second-hand Singers — weathered sewing machines transported from a plant in China that closed last year. The Hong Kong-headquartered Top Form, which has 700 workers at the plant, is one of many businesses that have ...
Cambodia’s Economic Challenge
Even as the skyline of Phnom Penh grows with the symbols of modern architecture, Cambodia’s economy still faces a host of challenges. On the surface, Cambodia’s economy is certainly improving. In September, the IMF raised its 2012 GDP growth forecast from 6.3 to 6.5 percent ...
http://thediplomat.com/2013/01/03/cambodias-failed-trickle-down-economy/
Bank Accounts Rare in Cambodia, Even for Rich
Despite an expanding financial sector, increasing access to credit and strong economic growth in recent years, fewer than 1 in 20 Cambodians has a bank account, according to a new policy working paper by the World Bank. According to the paper – released earlier this month ...
http://www.cambodiadaily.com/business/bank-accounts-rare-in-cambodia-even-for-rich-6957/
World Bank Tight-Lipped on Resumption of Financial Assistance
The World Bank has declined to say whether it will resume providing financial assistance to Cambodia, despite a bank official allegedly telling anti-eviction protesters last week that the organization planned to do so next year. In August 2011, World Bank country director for Southeast Asia Annette ...
Cambodia exposed to large fiscal risks from disasters
Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned yesterday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in the ...
http://usa.chinadaily.com.cn/world/2012-12/20/content_16035026.htm
World Bank Report Predicts 6.6 Percent Growth
Cambodia’s economy will grow by an average of 7 percent in each of the next five years, the World Bank said yesterday in a report on the country’s economic outlook. In its periodic update on economies in the region, the World Bank predicted gross domestic product ...
$500M Leaves Cambodia Illegally Each Year
Almost $500 million a year was taken out of Cambodia in “illicit financial flows” between 2001 and 2010, a report released yesterday in the U.S. claims. People in the Cambodian finance sector, however, expressed doubts about the accuracy of the figure, which appears in a report ...
http://www.cambodiadaily.com/business/500m-leaves-cambodia-illegally-each-year-6748/
Kep first province to wrap land-titling scheme
Seven months after Prime Minister Hun Sen unveiled an ambitious plan to demarcate 1.8 million hectares of state land and formally acknowledge those who live on it, the completion of the first – albeit the smallest – of eight affected provinces has wrapped up. Marking the ...
http://www.phnompenhpost.com/National/kep-first-province-to-wrap-land-titling-scheme.html
Report on Worldwide Land Grabbing Zeroes In on Cambodia
A new report on land grabbing around the world highlights Cambodia as a prime example of the ill effect of the growing global appetite for farmland by industrial scale operations. Released Wednesday in Stockholm by three Swedish NGOs, The Race for Land offers Cambodia as one ...