News
Putin sees boom in Asia-Pacific trade with Europe via Russia
Russian President Vladimir Putin says the Asia-Pacific region’s trade with Europe via Russia will surge by at least five-fold by 2020 as traditional sea routes become less competitive. His remarks came in a commentary published by the Wall Street Journal ahead of a summit of leaders ...
Conscription not for everyone
In less than a week, 18-year-old Heng Tina, who has just finished his high-school exam, will take another test that determines whether he’ll get a scholarship to go to technical school, a development that would put him one step closer to his dream of becoming ...
Rice Production Increases as Country Moves Toward 2015 Export Goal
Economists and agriculture officials say Cambodia could export 1 million tons of milled rice by 2015, but that depends on improvements in the sector, along with some global factors out of the control of the country’s farmers and millers. Prime Minister Hun Sen has set the ...
Cambodia will spend $67 million finance to restore infrastructure from last year flood damage
ADB (Asian development bank) pledged to offer $55 million loan for infrastructure restoration from flood damage last year in Cambodia. At the same time, AusAid also offered 5.25 million US dollars, and the Cambodian government will spend 6.39 million US dollars for the whole infrastructure ...
ANRPC sees higher rubber output
Natural rubber (NR) production in Association of Natural Rubber Producing Countries (ANRPC) this year is set to rise by 4.9% to 10.83 million tonnes from 10.33 million tonnes in 2011 The members of ANRPC are Thailand, Indonesia, Malaysia, Vietnam, Cambodia, India, China, Papua New Guinea, the ...
http://biz.thestar.com.my/news/story.asp?file=/2012/9/6/business/11977003&sec=business
Angkor Gold Corp. Acquires the Andong Meas Concession in Cambodia
Angkor Gold Corp. (TSXV:ANK4) acquired Liberty Mining ad Transol Mining, owners of the 209 square kilometre Andong Meas concession in Cambodia. As quoted in the press release: “The Acquisition results in two significant accomplishments. First, it adds 100% ownership of an entirely new 209-square kilometre concession known ...
http://goldinvestingnews.com/27883/angkor-gold-corp-acquires-the-andong-meas-in-cambodia.html
Backgrounder: Operating, negotiating FTA agreements with APEC economies
Member economies of the Asia-Pacific Economic Cooperation forum (APEC) are striving to forge a regional free trade facility to be known as FTAAP (Free Trade Area of Asia-Pacific) AFTA (ASEAN Free Trade Area) – signed in January of 1992, it covers all 10 ASEAN members of ...
Cambodia sees slight decrease in rice export in 7 months due to price competition
Cambodia had exported 89,800 tons of milled rice in the first seven months of this year, a 2.6 percent drop from 92,200 tons at the same period in a year ago, showed the statistics from the Ministry of Commerce’s Camcontrol Department on Thursday. However, the revenues ...
Cambodia Says No Strings Attached in Recent Chinese Aid
China has done a lot to support Cambodia over the years with millions of dollars in aid, loans and investment. But after reports this week that China has pledged another $500 million in soft loans and grants—and publicly thanked Cambodia for its support in Southeast ...
http://blogs.wsj.com/searealtime/2012/09/06/cambodia-says-no-strings-attached-in-recent-chinese-aid/
Locals bypass road projects
As much as local people are benefiting from the Asian Development Bank’s (ADB) recovery project following last year’s record floods, they aren’t receiving all the benefits they could, according to some accounts. Operating in five provinces of Cambodia to restore road access to those affected by the floods, ...
http://www.phnompenhpost.com/index.php/2012090658527/Business/locals-bypass-adb-road-projects.html
India shows interest in cashew nut processing
India is considering establishing a cashew nut processing factory in Cambodia to curb exports to India from third countries, according to officials at the Indian embassy. Dinesh Patniak, the ambassador to Cambodia, said Cambodia produced a lot of cashew nuts that were sent to Vietnam for ...
Cambodia Climbs Global Competitiveness Ranks
Cambodia climbed the rankings of the World Economic Forum (WEF) 2012-2013 global competitiveness report to finish 85th out of 144 countries, an improvement of 12 places compared to the previous year. The WEF report, which was released yesterday, measured the competitiveness of each country on more ...
Soft loan from Sweden
Sweden loaned Cambodia US$57 million yesterday for economic country development and cooperation for the duration of 2012-2013. The agreement was made between Cambodia’s Economic Minister Keat Chhon and Swedish ambassador to Cambodia Anne Hoglund at the Council for the Development of Cambodia (CDC) yesterday morning. Keat Chhon ...
May Kunmakara
http://www.phnompenhpost.com/index.php/2012090658528/Business/soft-loan-from-sweden.html
Maid ban to remain until safety improves
The ban on sending Cambodian women for employment as maids in Malaysia will be lifted once certain safety and training precautions for workers are established, a senior government official said yesterday. Seng Sakada, the director general of the Ministry of Labour, said that his office is ...
Indigenous Forest Protection Group Again Told to Disband
Members of Bunong ethnic minority forest group in Kratie province who accused local police of barring their community patrols in search of illegal logging were told by a Forestry Administration official yesterday that they had no authority to operate. Mr. [Peit] Kun Pedor [head of ...
Garment Workers Set Tires on Fire as Tax Protest Continues
About 600 garment factory workers continued their strike in Phnom Penh yesterday, setting car tires alight to protest what they said were unfair salary cuts but factory representatives and labor officials described as a normal tax on income. “The factory told us that they cut our ...
Pay delay frustrates disabled community
More than one year after the government passed legislation to bring in a pension for people with disabilities living in poverty, a preliminary committee to workshop how to locate such disabled people has still not been formed, officials said yesterday. In June last year, the ...
Insurance urged for CSX listings
The Ministry of Economy and Finance yesterday urged companies intending to list on the Cambodia Securities Exchange (CSX) to buy insurance to bolster public confidence. Vice President Bo Chanpiro of the Financial Industry Department of the Ministry of Economy and Finance said the finance sector relies not only ...
http://www.phnompenhpost.com/index.php/2012090658524/Business/insurance-urged-for-csx-listings.html
Railway compliance complaint sent to ADB
Families have fallen into poverty and children have dropped out of school due to deficiencies in the Asian Development Bank’s rehabilitation of Cambodia’s railway system, according to a complaint filed to the bank’s compliance review department. According to David Pred, managing associate for NGO Inclusive Development International, ...
Second Eviction Protester Jailed In Two Days
Police and court officials yesterday questioned, charged and imprisoned elderly woman involved in the long-running land dispute at the Borei Keila community in Phnom Penh, a day after an anti-eviction protester from Boeng Kak community met a similar fate. In both cases, police and court officials ...
Senate Approves Law Allowing Cambodians to Work in Qatar
The Senate yesterday approved a law making way for Cambodians to travel to Qatar for work, an official said. The 52 senators present passed the law unanimously and without amendments, said Oum Sarith, Senate cabinet chief. The agreement lets Cambodians work in the oil-rich emirate’s service ...
Government Says Constitutional Amendment Is Not a Change
The government has taken exception to language used to refer to its plan to amend the Constitution dealing with Cambodia’s borders, saying that the planned “amendment” does not constitute a “change”. Prime Minister Hun Sen on Tuesday said that he had launched a study to amend ...
The Road to Recovery
The site of Koh Pur village’s new bridge may still be nothing more than pillars in a dusty crevice in the road, but when the link is finished – some time in December, authorities say – it will be a welcome relief for the village ...
Another Activist in Prey Sar
A 65-year-old woman who has spent months sleeping under a staircase at Borei Keila yesterday became the second land-rights activist sent to Prey Sar prison in little more than 24 hours. Phnom Penh Municipal Court investigating judge Ly Leabmeng questioned villager representative Tim Sakmony for almost ...