News
Long-Delayed Donor Meeting Set for Wednesday
The government and its foreign donors are preparing for their next high-level aid meeting Wednesday, their first sine the government surprised donors in August 2011 by indefinitely suspending the meetings, citing the global financial crisis. However, officials at the Finance Ministry and the Council for the ...
Army Truck Carrying Illegal Timber Kills Family
A family of three, including an 18-year old girl, died when the driver of a military truck carrying illegally cut wood slammed into their motorbike in Siem Reap province, officials said yesterday. The family died at the scene while the occupants of the military truck, seen ...
Record Bad Medicine Haul
Police seized more than two tonnes of dangerous counterfeit medication on Saturday and arrested a Phnom Penh pharmacy owner in a sting officials say has netted the largest-ever haul of illegal medication in Cambodia. After nine days of surveillance, the Ministry of Interior’s Economic Police unit swooped ...
Protesters Stage EU faint-ins
In a year in which more than a thousand Cambodian garment factory workers have fainted on the job, activists across Europe are demonstrating for higher wages and better working conditions in the Kingdom’s factories. Throughout the past week, demonstrators mimicked faintings by collapsing on the floors ...
Thailand's Khon Kaen sees double-digit revenue growth next year
Khon Kaen Sugar Industry KSL.BK, Thailand’s fourth largest sugar producer, expects revenue could grow as much as a fifth next year, fuelled by expansion and a bumper sugarcane crop in 2012/13, the company’s chief executive said on Monday Chalush said sugar production from factories in Laos ...
http://www.reuters.com/article/2012/09/24/us-thailand-sugar-idUSBRE88N05S20120924
Hun Sen Lashes Out at Critics of Land Project
Prime Minister Hun Sen lashed out at unnamed “stupid” analysts for alleging that he was overseeing the issuance of land titles to a community in Kratie province on Friday to appease the suffering of the people there. “I would like to send a message to ...
Malaysian company buys Cambodian advertisement agency
Go communication Group of Malaysia bought all shares of Active Event Management, advisement agency in Cambodia but it keeps all staff and management team for the agency. The announcement was made in the meeting under witness of information minister H.E Khieu Kanharith, he is also spokesman ...
Number of outbound travelers jumps
The number of Cambodian outbound travelers increased by 27 percent to 445,020 in the first seven months of this year from 357,050 during the same period last year, according to data from the Tourism Ministry. Ang Kim Eang, president of the Cambodia Association of Travel Agents, ...
Talks under way to source maids from Cambodia
TALKS are under way to bring in Cambodian maids to help offset the shortfall in domestic workers from Indonesia. The Ministry of Manpower (MOM) is looking to make Cambodia an approved source country for domestic workers in Singapore and will make a decision soon. Association of Employment ...
http://thestar.com.my/news/story.asp?file=/2012/9/23/asia/12069202&sec=
‘Tourism, Dynamic Area In Economic Sector’
Rita O’ Sullivan, ADB Country Director Tourism is a dynamic component in the economic sector. In the Greater Mekong Sub Region – Thailand, Myanmar, Laos and Cambodia – bound together by the Mekong River, the tourism industry is a driving force, says Rita O’ Sullivan, ...
http://www.thesundayleader.lk/2012/09/23/tourism-dynamic-area-in-economic-sector/
The bank that likes to say less: Cambodia’s greatest commercial success story is not over yet
AN HOUR’S drive south of Phnom Penh, deep in rural Cambodia, Chrek Heang is doing the rounds of his rapidly expanding poultry and fisheries business. Just four years ago he was living, like most of his countrymen, in a small wooden hut with a tin ...
Fair facilitates economic ties with Cambodia
A trade fair to boost ties between Viet Nam and Cambodia opened in Cambodia’s capital Phnom Penh yesterday.. Themed ‘Friendship, Cooperation and Development’, the 2012 Viet Nam-Cambodia International Trade Fair is co-organised by the Ministry of Defence and the Ministry of Industry and Trade. The six-day ...
http://vietnamnews.vnagency.com.vn/Economy/230445/fair-facilitates-economic-ties-with-cambodia.html
Activists Stage Flash “Faint-Ins” at H&M, Gap to Protest Sweatshop Conditions
Dozens of human-rights activists are staging flash “faint-ins” at high-street retailers across Europe to illustrate the high incidence of mass fainting in Cambodia’s apparel factories. Protestors from the Clean Clothes Campaign, an alliance of organizations in 15 European countries dedicated to improving working conditions in ...
http://www.ecouterre.com/activists-stage-flash-faint-ins-at-hm-gap-to-protest-sweatshop-conditions/
Chinese language study surging in Cambodia
As China has risen to become the world’s second-largest economy and cemented close political and economic ties with the Kingdom, many people see advantages in speaking the language of their powerful northern benefactor. From 1994 to 2011, data from the Council for the Development of Cambodia show ...
Int'l Rights Group Says Abuses 'Systematic' in Cambodia
An international rights group yesterday said the situation of human rights in Cambodia was continuing to worsen and accused the government of being “at war” with its own citizens over access to land. In its briefing paper, the Paris-based International Federation for Human Rights (FIDH) also said that Cambodia was ...
Unesco Director Condemns Cambodian Journalist's Killing
The director-general of Unesco on Thursday spoke out against the murder of journalist Hang Serei Odom in Ratanakkiri province, and called for the authorities to provide justice for the victim and his family. “I am deeply concerned by the killing of Hang Serei Odom,” Irina Bokova ...
Cambodia sets up telco regulatory body
Telecommunication Regulator of Cambodia (TRC) will supervise the country’s telecoms sector, govern rules and regulations over the establishment of fair pricing, and inspect techniques and administration of networks.. Cambodia on Thursday officially launched the Telecommunications Regulator of Cambodia (TRC) which will be responsible for overseeing the ...
http://www.zdnet.com/cambodia-sets-up-telco-regulatory-body-7000004604/
Construction sector investment soars
Investment in the Cambodian construction sector reached US$1.38 billion in the first seven months of 2012, an 8s-percent rise over the same period last year, according to figures from the Ministry of Land Management, Urban Planning and Construction. During the January to July period this ...
The Week at the CSX - Sept 6-12, 2012
The price of Phnom Penh Water Supply Authority stock over the Sept 6-12 period fluctuated between KHR 6,350 (US $1.57 and KHR 6,300 (US $1.55). The price on Sept. 6, KHR 6,350 fell to KHR 6,300 (US $1.58) on Sept 7 and remained there ...
Telecommunications Regulatory Body Launched
With a proposed telecommunications law yet to be approved, the Ministry of Post and Telecommunications yesterday launched the Telcom Regulator of Cambodia (TRC) to handle disputes between mobile phone companies and Internet providers, although officials admitted that the body will have limited powers. .. But unless ...
Thousands Evacuated, but Floodwaters Abating
More than 400 families in Banteay Meanchey province have now been evacuated from their homes due to heavy flooding in towns and villages along the Thai border, provincial officials said yesterday. About 100 families were evacuated from Poipet City – the worst-hit area – yesterday alone, ...
Board Passes Nearly $850M in Investments
The Cambodian Investment Board approved nearly $850 million worth of investment projects between the start of the year and the end of July, data from the Council for the Development of Cambodia (CDC) shows. According to the data, 90 projects worth $845.26 million were approved during the first ...
Cambodian PM: Poverty reduction target may hit 2 years earlier
Cambodia is expected to achieve the Millennium Development Goal (MDG) in poverty reduction two years earlier than the UN-imposed target, Prime Minister Hun Sen said Friday. According to the UN MDG, Cambodia is set the target to reduce poverty rate to 19.4 percent by 2015, meaning ...
http://news.xinhuanet.com/english/world/2012-09/21/c_131865877.htm
CP Group plans more investment in Indochina
Charoen Pokphand Group is leaning towards investing more in Indochinese countries in light of their growing economies and regional trade liberalisation through the Asean Economic Community in 2015. Cambodia, Laos, Myanmar and Vietnam have a wealth of natural resources that could support the group’s products from ...
http://www.nationmultimedia.com/business/CP-Group-plans-more-investment-in-Indochina--30190834.html