The Cambodia Herald
Cambodia exposed to large fiscal risks from disasters
Cambodia, Laos and the Philippines are the three Southeast Asian countries most heavily exposed to fiscal risks from disasters, the World Bank warned Wednesday. In its annual economic update on East Asia and the Pacific, the bank said the region was the most disaster-stricken in ...
The Cambodian Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=NzMyZGM3M2ZiN2Y4ODU1ZDM0ODJjYmI5NDQwMTM3
Axiata rating not affected by Hello merger with Smart
Standard & Poor’s said Friday that its rating and outlook on Malaysia’s Axiata Group Bhd was not affected by its acquisition of Latelz Co Ltd. “We do not expect the acquisition to significantly affect Axiata’s operating and financial performances,” the international rating agency said in a ...
Beehive Radio owner loses appeal
The Phnom Penh Court of Appeal ruled Friday that Beehive Radio owner Mam Sonando should continue serving his 20-year sentence for sedition. On October 1, the radio station owner was sentenced to 20 years in jail and fined 10 million riel in relation to a ...
Hundreds of workers strike at Bavet bicycle factory
About 1,000 workers at a bicycle factory in the Tai Seng Special Economic Zone went on strike Wednesday for a second day, sources said. The sources said the striking workers at Smart Tech (Cambodia) Co Ltd threw rocks at factory windows and threatened to continue ...
Kampong Cham residents say casinos pollute fishing grounds
Residents of Tropang Thlong village in Ponhea Krek district say casinos near the border with Vietnam are polluting fishing grounds. ...
Residents seek compensation as homes fall into Tonle Sap
Nineteen families from Svay Pak commune in Russey Keo district protested for a second day Wednesday after their homes fell into the Tonle Sap River. Twenty-four houses along the river have been affected, they said. Although five have already left, the other 19 refuse to accept ...
Hun Sen says growing Japanese investment reflects maturing economy
Prime Minister Hun Sen said Monday that the gradual increase in Japanese investment in Cambodia reflected a maturing of the domestic economy. His remarks came at a groundbreaking ceremony for a shopping mall being built by top Japanese retailer Aeon Co Ltd. The $200 million mall ...
Hun Sen distributes land titles to Rattanakiri residents
Prime Minister Hun Sen on Friday distributed 541 land titles covering 1,308 hectares to 301 mostly ethnic minority families in Andong Meas district. ...
Land activists welcome Hun Sen’s position on outsiders
About 60 land activists including children marched to the Peace Palace Monday to welcome Prime Minister Hun Sen’s position on outside involvement in land disputes. The residents of two property development sites and Thmor Kol community near Phnom Penh International Airport also presented a list of ...
Power projects aim to generate 4,000 megawatts by 2020
The government is carrying out 18 power projects to generate more than 4,000 megawatts of electricity by 2020, according to the Ministry of Industry, Mines and Energy. In its annual report, the ministry says Cambodia consumed 2,788 million kilowatt/hours in 2011. Thailand and Vietnam supplied 1,765 ...
Hun Sen to distribute land titles to 700 families in Kep
Prime Minister Hun Sen is to distribute land titles next month to 700 families squatting on 1,109 hectares of land in Domnak Chong’er district in Kep province, sources said ...
Land disputes to dominate next year's election
Land disputes are expected to be a hot issue in next year’s election, overshadowing perennial issues such as illegal immigration, destruction of forests, corruption, and unemployment. Prime Minister Hun Sen himself has acknowledged that the government’s failure to resolve the issue will mean handing ammunition to ...
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 ...
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 ...
Full text of ASEAN Human Rights Declaration
Herewith the full text of the ASEAN Human Rights Declaration adopted by Southeast Asian leaders Sunday: WE, the Heads of State/Government of the Member States of the Association of Southeast Asian Nations (hereinafter referred to as “ASEAN”), namely Brunei Darussalam, the Kingdom of Cambodia, the Republic of ...
China offers Cambodia $53 mln to develop water resources
Chinese Premier Wen Jiabao pledged RMB 329 million ($53 million) in assistance to Cambodia on Sunday during a meeting with Prime Minister Hun Sen, a Cambodian official said. Ieng Sophalet, an assistant to Hun Sen, told reporters that the grant would be used for water resource ...
Full text of White House statement on US-ASEAN Leaders Meeting
On November 19, 2012, President Obama met with the leaders of the 10 member states of the Association of Southeast Asia Nations (ASEAN) to deepen our diplomatic, economic, security, and people-to-people ties with the key Asian multilateral organization. With a population of approximately 620 ...
Cambodia calls for deeper East Asian financial cooperation
Cambodia called Monday for the further deepening of ASEAN’s financial cooperation with China, Japan and South Korea. According to a paper circulating at a gathering of leaders to mark 15 years of cooperation between the 13 countries, so-called ASEAN+3 financial cooperation has “achieved many solid outcomes” ...
East Asia Summit to discuss how to address economic, financial disorder
East Asian leaders will discuss how to address economic and financial disorder when they meet heads of the International Monetary Fund, the Asian Development Bank and the World Trade Organization next week, a source said Wednesday. The source, who asked not to be named, said the ...
Cambodia has capacity to meet financial commitments
What does Friday’s affirmation of Cambodia’s ‘B’ long and short-term sovereign credit ratings actually mean? In short, it signals that the Kingdom of Cambodia — unlike Greece, for example — “currently has the capacity to meet its financial commitments,” according to definitions used by Standard and ...
ASEAN to study new ties with six partners
ASEAN says it will study how to implement a proposed economic partnership with its six external partners that might lead to the foundation of world’s largest economic bloc. The proposed bloc, dubbed the Regional Comprehensive Economic Partnership (RCEP) or “ASEAN+6” , would integrate ASEAN’s 10 ...
Land protestors march on US embassy
Residents of two property development sites marched to the US embassy Monday, sources said . ...
Cambodian vegetable farmers forced to compete with Vietnamese rivals
Cambodian vegetable farmers say they are being forced to compete with more efficient farmers in Vietnam who use farming techniques to make their vegetables grow faster. Farmers in Sambork Meas, a village on the Mekong River in Mokkompul commune in Bakkeng district in Kandal province, say ...
Hun Sen calls for complete removal of ASEAN trade barriers
Prime Minister Hun Sen called on Tuesday for the complete removal of tariff and non-tariff barriers when the ASEAN Economic Community is set up in 2015 Hun Sen also called for enhanced trade facilitation, further services liberalization and a regional framework for liberalizing and facilitating cross-border ...