News
Cambodia breaks ground for 3rd flyover in capital
Cambodia on Monday broke ground for the construction of a 19-million-U.S.-dollar flyover in Phnom Penh’s southwestern part to meet the growing number of vehicles. Prime Minister Hun Sen said it will take 28 months to complete the construction of the 429-meter flyover. “The sky bridge will not ...
http://news.xinhuanet.com/english/world/2012-11/26/c_131999551.htm
Coalition of Cambodian NGOs calls for help with climate change
As the latest UN climate change conference begins today in Doha, Qatar, a coalition of Cambodian NGOs is joining calls for developed countries to bear more of the burden of combating climate change. Cambodia and other poor countries are unprepared to deal with rapid climate change ...
Battambang Officials Halt Clearing of Community Forest - Again
Forestry Administrative officials in Battambang province have again halted logging and clearing inside a community forest and are attempting to prevent student volunteers deployed by the Ministry of Land Management from demarcating land in already cleared areas, local officials said last week. ...
Widening emissions gap too high for climate tackle: report
As nations meet at the 2012 United Nations Climate Change Conference in Doha today, the greenhouse-gas emissions gap is widening, according to a report by the UN Environment Program (UNEP) released last week. Keeping the global average temperature rise below two degrees Celsius requires that action ...
Rare hardwood sparks gunfights, corruption in Asia
KOH KONG, CAMBODIA — A Thai force dubbed the “Rambo Army” couldn’t stop the gangs, armed with battlefield weaponry, as they scoured the forests. Neither could a brave activist, gunned down when he came to investigate. Nor, apparently, can governments across Southeast Asia. The root of the ...
http://www.bradenton.com/2012/11/24/4291081/rare-hardwood-sparks-gunfights.html
Chevron drilling delay caused by US slowdown: lawmaker
Chevron Oil and Gas Co has delayed offshore oil drilling in Cambodia until 2016 mainly because of the economic slowdown in the United States, a senior lawmaker says. Cheam Yeap, chairman of the National Assembly Commission on Economy, Finance, Banking and Audit, said inadequate human resources ...
Cambodia plans 3.1 bln USD for national expenses next year: minister
Cambodia planned to allocate 3. 1 billion U.S. dollars, in equivalent to 19.8 percent of the country’s GDP, for national expenses in 2013, a 12.9 percent rise year-on-year, finance minister Keat Chhon said Friday. Speaking to reporters after a meeting at the National Assembly, the minister ...
Beeline Sees Decline in Subscribers
The number of customers subscribing to the mobile operator Beeline has dropped by more than 100,000 in the last quarter, and its average revenue per user has sunk to its lowest in more than a year, the company announced in its third-quarter financial report. ...
Asean declaration allows Cambodia to flout human rights, warn campaigners
Human rights groups in Cambodia fear a new south-east Asian declaration of human rights could conversely offer the government in Phnom Penh a figleaf to clamp down on dissent. Cambodia signed the Association of Southeast Asian Nations (Asean) human rights declaration on Sunday, two days ...
1 in 20 Firms Carry Out Environment Assessments
Only about 5 percent of the roughly 2,000 major development projects, such as dams, roads and bridges, approved by the government between 2004 and 2011 carried out environmental impact assessments, an official at the ministry of Environment said yesterday. Speaking at a workshop in Phnom Penh ...
Simon Lewis and Khuon Narim, P.1
http://www.cambodiadaily.com
Millions Threatened by Dam in Stung Treng
More studies should be conducted on the controversial Lower Sesan 2 dam in Stung Treng province in order to understand its potential social and environmental effects, Conservation International (C.I.) said in a statement. The Lower Sesan 2-as well as other dams planned for the Sesan, Srepok ...
U.K.’s Prudential Set to Gain Cambodia License in First Quarter
Prudential Plc, the U.K.’s biggest insurer by market value, plans to begin selling insurance in Cambodia in the first quarter of next year to extend its presence in Asia across 13 markets. The firm is hiring sales agents and expects to gain a license to operate ...
Draft Accord on Domestic Workers Completed
Government and U.N. officials yesterday completed the draft of a new memorandum of understanding (MoU) that is designed to guarantee the fair treatment and safety of Cambodian domestic workers in Malaysia. The new draft MoU is an amendment to an earlier, much-criticized version create by Malaysia, ...
We Will Not Be Moved
They’re known as the BK13 and they’re not prepared to let greedy developers take the very, very little they have. They’re 13 women – mothers, grandmothers – who live around what used to be Boeung Kak Lake – not far from the centre of Cambodia’s ...
CPI: cost of living falls slightly
The Kingdom’s consumer price index declined by 0.1 per cent in October for the first time in 2012 due to a decline in food and gasoline prices and a stable US dollar exchange rate, according to official data released by the National Institute of Statistics ...
http://www.phnompenhpost.com/index.php/2012112359895/Business/cpi-cost-of-living-falls-slightly.html
PM Hun Sen lavishes praise on China
In his first public speech following this week’s ASEAN summit, Prime Minister Hun Sen offered lavish praise for China’s financial largesse and congratulations for its newly appointed Communist Party heads. Speaking to thousands of villagers during a ceremony to inaugurate National Road 8 in Prey ...
Union Seeks Tax Reduction for Garment Workers
Factory workers should get a reduction or exemption from paying income tax as the deductions are forcing them into poverty, the Free Trade Union (FTU) wrote in a letter to Finance Minister Keat Chon. ...
Mekong Subregion Investment Cooperation Forum highlights development triangle
Ministry of Planning and Investment, the Vietnam Association of Foreign Investment Enterprises, and the Cambodia-Laos-Vietnam Association for Economic Cooperation Development jointly held the Mekong Sub-region Investment Cooperation Forum with the theme of Cambodia-Laos-Vietnam Development Triangle before the New Challenges and Opportunities in Buon Ma Thuot ...
SCB focus on Myanmar, Laos, Cambodia
Siam Commercial Bank will begin expanding its footprint across the region in anticipation of greater business opportunities and competitive pressures with the launch of the Asean Economic Community in 2016. SCB, Thailand’s third-largest bank in terms of assets, operates branches in Laos, Singapore and Hong ...
http://www.bangkokpost.com/business/economics/322667/scb-focus-on-myanmar-laos-cambodia
Microfinance institution Sathapana increases maximum loan limit
Microfinance institution Sathapana has increased its maximum loan size to US$200,000, a 300 per cent increase from the previous level of $50,000. The upgrade in loan size is a result of Cambodia’s good economic climate and the expectation that there will be demand among customers for ...
Oddor Meanchey forestry police let rosewood shipment go
Forestry police let a vehicle with a half cubic meter of rosewood go Wednesday after border soldiers stopped it in Ou Svay commune in Tropang Prosat district. The vehicle belonged to Rath Sambo, a police officer at the Ministry of Interior who fled the scene, sources ...
Cambodia inaugurates China-funded road in eastern part
Cambodia on Thursday inaugurated a 133-km China-funded national road No. 8 in Prey Veng province, hoping that the road will contribute to promoting social and economic development in the country’s eastern part. The road, which connects from Prek Tamak Mekong River Bridge to Vietnam border, cost ...
Joint visa for Thailand and Cambodia in limbo
Despite the fact that the Chairman’s Statement of the recently wrapped 21st ASEAN Summit welcomed progress on regional “connectivity”, a long-awaited joint visa for Thailand and Cambodia remains stalled. Koy Kuong, spokesman at the Ministry of Foreign Affairs said yesterday that there is still no progress ...
Innovation essential for Cambodia’s place in AEC
An official at the Ministry of Industry, Mines and Energy expressed concern that if the quality of Cambodian produced goods does not improve, Cambodia is likely to become largely a retailer of foreign goods when the ASEAN Economic Community (AEC) is realised in 2015. Meng Saktheara, ...