News
WWF calls for action to save Mekong dolphins
Conservation group WWF on Wednesday called for urgent action to prevent the extinction of freshwater dolphins in the Mekong River, including the creation of special conservation zones. Entanglement in fishing nets, low calf survival rates and a steady degradation of the creature’s habitat are threatening ...
Premier Defends Sesan Dam, Says Critics Are Scaremongering
Prime Minister Hun Sen defended the government’s plan for Strung Treng province’s 400-megawatt Lower Sesan 2 dam project in a letter to an SRP lawmaker, and accused opposition parties, NGOs and the media of exaggerating the negative impacts of hydropower dams. In the six-page letter ...
Lake Residents Granted Bloc of Development Land
Thousands of Boeung Kak lake residents who have been fighting a protracted battle with Phnom Penh and a development company have seen their fortunes reversed and have been granted a small plot of land on which to resettle. Prime Minister Hun Sen signed a subdecree ...
Caution: Work Ahead
Émile Coué was a French psychologist who introduced a method of self-improvement based on optimistic autosuggestion. “Every day, in every way, I’m getting better and better,” was his mantra. He died in 1926 and probably never visited Cambodia, but his spirit has been hovering over ...
Comprehensive Land Policy Is Under Construction
In response to the vision of land policy in Cambodia, which is to administer, manage, use and distribute land in an equitable, transparent, efficient, and sustainable manner in order to contribute to achieving national goals of poverty alleviation, ensuring food security, national resources and environmental ...
Climate Change Considered as Flooding Hits Cambodia
The wet season had come and gone with almost no rain. Despite the best efforts of the farmers from Tralach commune, in Takeo province’s Traing district, widespread crop failures two years ago brought the community to the economic, and dietary, brinkThis week, farmers in Kratie ...
Cambodian, Chinese Firms Sign Cassava Purchase Agreement
The China National Food Industry (Group) Corp and Cambodia’s Le Ye Rubber Co. on Sunday signed a cassava purchase deal. The agreement was signed between Cai Yongfeng, the president of China National Food Industry Group, and Gao Hong Zhi, CEO of Le Ye Rubber Co. ...
http://cambodiatodayz.com/cambodian-chinese-firms-sign-cassava-purchase-agreement.html
CSX Slated to Start Trading by the End of 2011
While the Cambodia Securities Exchange (CSX) recently opened its doors for business, it’s not quite ready to actually do business. As it currently stands, there is no actual trade taking place, making it the smallest bourse in the world in terms of market capitalization. However, ...
Land Titles Needed to Drive Investment in Agriculture
The issue of using land titles to encourage banks to boost their lending to the agriculture sector was raised at the “Empower Your Business: Riding on Cambodia’s Growth” seminar in Phnom Penh on July 21. “Seventy percent of the population is undertaking agriculture as their ...
Economists See Growth Potential in Stock Exchange
Cambodia has officially opened a stock exchange, which economists say will provide a chance for the development of the country and job creation. However, they warn that mismanagement of the bourse could also lead to economic woes. “When this stock market goes well, it will ...
Japanese Government To Loan $47M for Agro-Development
The Minister of Water Resource and Meteorology announced yesterday that the Japanese government’s international aid agency will provide his ministry with $47 million on loans for an agriculture development project near the Tonle Sap lake. During a donation ceremony for 144 Japanese-funded agricultural machines held ...
Asean to forge ahead through global crises
Southeast Asia needs to push ahead with a regional free trade bloc and policies to cope with global financial crises, Indonesia’s government said yesterday. Indonesia’s Vice President Boediono, addressing trade ministers from the Association of Southeast Asian Nations (ASEAN), said it was evident since the ...
Building water links to Vietnam
Authorities are planning upgrades to effectively double the capacity of boats travelling from Phnom Penh Autonomous Port to Vietnam, according to port Director General Hei Bavy. A 2009 agreement with Vietnam authorities allows ships travelling down the Mekong from Cambodia to offload at Cai Mep ...
Workers face contract woes
The use of short-term contracts by employers in the Kingdom’s garment industry is threatening workers’ rights and could lead to decreased productivity in the sector, researchers said at a meeting yesterday. Following the release of a report by Yale Law School last week based on ...
Protected forest ‘is finished’
In the latest government backed appropriation of protected land, nearly 20,000 hectares of the Boeung Per wildlife sanctuary have been reclassified as state private land for agro-industrial development. Two sub-decrees, obtained by The Post this week and initialed by Prime Minister Hun Sen on July ...
Bank of India looks ahead
The Bank of India will move to a larger location on Norodom Boulevard, aiming to attract increased business from both Cambodian and Indian clients, said Chief Manager Sripada Rao. The Mumbai, India-based bank first opened in the Kingdom in 2009 headquartered on the capital’s Monivong ...
Exports Rise, but Value of Goods Remains Weak
Cambodia saw significant percentage gains in regional trade in the first six months of the year, though the gap between imports and exports remained large, according to data released yesterday by the Ministry of Commerce. According to the figures, the country saw regional exports to ...
Petroleum imports surge on economic growth
A resurgent economy and efforts to crack down on smuggling have led to a large increase in petroleum imports, according to experts. Cambodia has imported 756,139 tonnes worth US$692 million in the first half of the year, from 440,607 tonnes worth $296 million in the ...
Tycoon’s dredging tests locals’ patience
Ruling party senator Ly Yong Phat has defied an order endorsed by the Prime Minster to halt his controversial sand dredging activities on the Tatai river in Koh Kong, prompting authorities to request intervention, documents obtained by The Post reveal. The dredging operation on the ...
World Bank fund halt irks officials
THE government expressed disappointment yesterday with the World Bank’s announcement that it had halted new country loans due to the ongoing land dispute at Boeung Kak lake in Phnom Penh and vowed to raise the issue with the bank’s executive board. “We are very dissatisfied ...
Phnom Penh Governor Says Lake Families to Get Land Titles
For the first time since Phnom Penh municipality slated some 4,000 mostly poor families for forced eviction in 2007 to make way for a CPP senator’s controversial real estate project, City Hall yesterday promised them what they have always wanted most: titles to their land. ...
Boat Route to Siem Reap To Reopen on August 15
Riverboat services between Siem Reap and Phnom Penh are scheduled to restart on Aug 15 after closing down in March due to low water levels in the Tonle Sap river, a port official said yesterday. Chieat Thol, deputy director of the administrative department and the ...
Adhoc Calls for Stronger Indigenous Land Rights
The government must correctly implement the Land Law and allow indigenous people greater access to collective titling of their native territories, human rights group Adhoc said yesterday in a statement. Although there is a provision in the Land Law allowing indigenous groups to obtain collective ...
Villagers Face Hefty Court Fees in Land Dispute
Kompong Chhnang Provincial Court has ordered 40 families embroiled in a long-running land dispute with the wife of Minister of Industry Suy Sem to pay court fees of up to $155 each, or have their complaints dropped. The villagers, however, say they are too poor ...