News

Haul of Logs Discovered Inside Ratanakkiri Land Concession

The Forestry Administration and military police are investigating reports of a stockpile of nearly 300 logs that ethnic Jarai villagers in Ratanakkiri’s O’Yadaw district claim have been illegally cut by the Vietnamese owners of a land concession, local officials said yesterday. Indigenous villagers living in Paknhai ...

http://www.cambodiadaily.com

Land activists targeted, rights groups say

Prominent female land activists Tim Sakmony and Yorm Bopha, who have been locked in Prey Sar prison since their arrest in early September, will face court today on charges rights groups say have been fabricated to stop them and others from protesting. Hundreds of the women’s ...

http://www.phnompenhpost.com/2012122660488/National/land-activists-targeted-rights-groups-say.html

Cambodia's banking industry sees robust growth in 2012

Cambodia’s banking sector has maintained strong and steady growth in terms of loans and deposits in 2012 thanks to better economic performance, a central bank’s senior official said Tuesday. “Our banking system remains robust this year despite economic crisis in Europe and economic slowdown in the ...

http://news.xinhuanet.com/english/business/2012-12/25/c_132062871.htm

Social Media Changing Cambodia’s Information Landscape

Changes in demography and technology have altered the behavior of Cambodian media consumers, with youth increasingly using social media platforms to share news and information. Pen Sophal, a graduate student in media management at Sweden’s Royal Institute of Technology, says print and electronic media outlets in ...

http://www.voacambodia.com/content/cambodia-social-media-changing-cambodian-information-landscape/1571656.html

Garments, handicrafts employ 700,000 people

The garments and handicrafts sector currently employs about 700,000 workers, a government official said. The official said Cambodia now had about 890 factories and 40,000 small businesses producing handicrafts with annual output of about $6 billion. ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YWM3ZTk1Yzg4MTE3NjhlMWE2YWNmNzdjMjBkMmI1

Illegal Cambodian Workers in Thailand Could Be Deported

Thailand is warning it will expel 1.5 million illegal workers from the country, a move that could affect around 160,000 Cambodians. Rights workers in Cambodia say the migrant laborers deserve assistance from both Thai and Cambodian authorities to help them work and travel legally. ...

http://www.voacambodia.com/content/cambodia-illegal-khmer-workers-in-thailand-could-be-deported/1571654.html

6.7% growth forecast for Cambodia

Cambodia is projected to have the second fastest-growing economy in Southeast Asia over the next two years, the World Bank said in a regional economic update last week. Gross domestic product is forecast to expand 6.7 per cent next year and 7 percent in 2014. That ...

http://www.nationmultimedia.com/aec/6-7%C2%A0rowth-forecast-for-Cambodia-30196729.html

MFIs as one commercial bank

PhillipCapital, a Singapore-based integrated financial services provider and a majority stakeholder in three of Cambodia’s micro-finance institutions (MFIs), plans to consolidate the three into a commercial bank. ...

http://www.phnompenhpost.com/2012122560462/Business/mfis-as-one-commercial-bank.html

Union leader attacked with brass knuckles and cleaver

A union representative led a 1,000-strong protest at a garment factory in the capital’s Russey Keo district yesterday, alleging the company hired a gangster to beat him up on Sunday – a claim the manager has denied. Chhim Sam On, a union leader with the Coalition ...

http://www.phnompenhpost.com/2012122560452/National/union-leader-attacked.html

Car sales sharply rise in Cambodia in 2012 due to strong economic growth

Demand for brand new cars in Cambodia has remarkably increased in 2012 thanks to robust economic growth, enhanced social security and political stability, major automobile dealers said Monday. “We sold about 800 units this year, up from 500 units last year, “Kong Nuon, president of ...

http://news.xinhuanet.com/english/business/2012-12/24/c_132060341.htm

Unions to Protest Court Ruling in Triple Shooting

Union leaders are planning a demonstration in January to protest the Svay Rieng Provincial Court’s decision last week to drop charges against the former Bavet City governor, Chhouk Bundith, who was the chief suspect in the shooting of three garment factory workers during a violent ...

http://www.cambodiadaily.com

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 ...

http://www.cambodiadaily.com

Rubber plant opts for export

A local investor has spent nearly US$5 million setting up a rubber-processing factory in Kampong Cham, a key province in the Kingdom’s rubber production for export rather than producing final products, an insider says. ...

http://www.phnompenhpost.com/2012122460430/Business/rubber-plant-opts-for-export.html

Inner Development Gap

When Sok Kheurn travels to the city of Siem Reap, some 32 kilometers from her home in Banteay Srei district, Siem Reap Province, the 58-year-old woman is always astounded by the differences she  sees. While in her village, everyone gets water from wells and light at ...

http://www.etmcambodia.com/viewarticles.php?articlesid=363

Airport welcomes two mlllionth passenger

Phnom Penh International Airport last Thursday hit the two-million-passenger mark in a year for the first time. The figure included all international and domestic passengers arriving at, and departing from, Phnom Penh International Airport since the beginning of this year, a press release said. ...

http://www.phnompenhpost.com/2012122460428/Business/airport-welcomes-two-mlllionth-passenger.html

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