News

Hun Sen Thanks Student Land-Titling Volunteers

Student volunteers from across the country yesterday took a break from their land-measuring duties to attend a pre-Khmer New Year ceremony at Phnom Penh’s Koh Pitch where they were presented with a thank-you letter from Mr. Hun Sen. Since Mr. Hun Sen launched the land titling ...

http://www.cambodiadaily.com

Cambodia's rice export up 148 pct in Q1

Cambodia recorded a sharp rise in milled rice export in the first three months of 2012 thanks to increasing international market demand and more investment in post- harvest technologies, Prime Minister Hun Sen said Friday. A commerce report showed that the country exported 95,230 tons ...

http://www.asean-china-center.org/english/2013-04/07/c_132290214.htm

Xi hails ties with Cambodia

China-Cambodia relations have become a model of friendly coexistence and close cooperation among countries, Chinese President Xi Jinping said at an international forum that opened on Sunday. China and Cambodia are good neighbors, friends, partners and brothers, Xi said while meeting with Cambodian Prime Minister Hun ...

http://news.xinhuanet.com/english/china/2013-04/07/c_132290730.htm

Government Amends Anti-Money Laundering Law

The Council of Ministers on Friday approved a draft law amending three articles in the law on anti-money laundering and the financing of terrorism in order to make Cambodia more investment-friendly. Last month, the National Bank of Cambodia’s Financial Intelligence Unit (FIU), law enforcement officials ...

http://The Cambodia Daily

ODC Calendar

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1,000 days to go on Millennium Development Goals

April 5th marks the starting date for the United Nations Development Program (UNDP) and its partners in Cambodia in observing the milestone of 1,000 days to the end of 2015 which is the target date for achieving the Millennium Development Goals (MDGs). “The MDGs ...

http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MzVkZTcwZWRkNjY

Koh Rong airport plans foggy

Plans are in place for a new $10 million international airport on Koh Rong island, but questions remain as to when construction would commence and when funding would be available. Designs for the roughly 7,200-square-metre airport terminal, which will consist of Khmer- and resort-style architecture, were ...

http://www.phnompenhpost.com/2013040564911/Business/koh-rong-airport-plans-foggy.html

PPWSA pays dividends

Phnom Penh Water Supply Authority (PPWSA) will allocate its first dividend to shareholders since listing on the bourse, on April 10. According to an announcement by PPWSA, the annual dividend will be distributed in cash. The dividend payout ratio is seven per cent, with a total dividend ...

May Kunmakara
http://www.phnompenhpost.com/2013040564909/Business/ppwsa-pays-dividends.html

Damco expands operations

Alongside growing Cambodian exports, Danish logistics company Damco opened a second CFS warehouse facility in Phnom Penh yesterday. The 10,500-square-metre facility, on National Road 4, brings the company’s total warehousing capacity in Cambodia to 16,500 square metres. ...

http://www.phnompenhpost.com/2013040564905/Business/damco-expands-operations.html

New Mortgage Program Helps Cambodia's Poor Find Better Homes

If you’ve applied for a mortgage recently, you know how hard it can be. The bank demands all kinds of obscure documents and wants proof of almost every asset you own. But an innovative mortgage program halfway around the world will evaluate your application without ...

http://www.wbur.org/npr/176121367/new-mortgage-program-helps-cambodias-poor-find-better-homes

Cambodian PM vows to bring greater prosperity to his people

Cambodian Prime Minister Hun Sen said he had set a vision that his country will be among countries with upper middle income by the year of 2030. He said Cambodia has laid out strategies and action plans to achieve an annual economic growth of 6-7 ...

http://www.chinadaily.com.cn/business/boao2013/2013-04/04/content_16376913.htm

Analysts See Chance for End to Political Deadlock

With Saturday’s opposition protest now expected to be a peaceful meditation on justice—rather than a demonstration against a flawed election process—Cambodian analysts say the current post-election deadlock may soon pass. Opposition leaders said Monday they planned to go forward with a mass demonstration, but that they ...

Heng Reaksmey
http://www.voacambodia.com/content/analysts-see-chance-for-end-to-political-deadlock/1742485.html

Korean tourist numbers hold steady despite regional fears

Despite current tensions between North and South Korea, Cambodia’s tourism minister said yesterday that the number of tourists from South Korea to the Kingdom had not dropped. [Minister of Tourism Thong] Khong said that so far there appears to be nothing to worry about. “There are ...

http://www.phnompenhpost.com/2013040464878/Business/korean-tourist-numbers-hold-steady-despite-regional-fears.html

Thai power to Siem Reap cut

Siem Reap town – one of Cambodia’s biggest tourist destinations – faced yet another power outage yesterday after the provincial energy supplier cut power for 12 hours during the day. Energy supplier Electricite du Cambodge (EdC) informed residents that power would be cut from 6am to ...

http://www.phnompenhpost.com/2013040464887/National/thai-power-to-siem-reap-cut.html

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/

Logistics and insurance firms driving office market

Increases in Cambodia’s GDP and foreign direct investment (FDI) are helping to drive the supply and demand in the Kingdom’s office sector, according to a new report from global property agents CBRE. Increasingly, international businesses are favouring Cambodia, in particular Phnom Penh, mainly due to ...

http://www.phnompenhpost.com/2013040464872/Real-Estate/logistics-and-insurance-firms-driving-office-market.html

Too many players vie in Kingdom’s ISP industry

Like the telecommunications industry in Cambodia, the market for internet service providers (ISP), too, is overcrowded, leading industry experts to say that the situation is preventing new investment. Data from the Ministry of Post and Telecommunications showed that at the end of 2012, Cambodia had ...

http://www.phnompenhpost.com/2013040464879/Business/too-many-players-vie-in-kingdom-s-isp-industry.html

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