The Phnom Penh Post
Inflation low in 2012: IMF
The International Monetary Fund (IMF) projected that Cambodia will have a very low inflationary rate to 3.5 per cent this year, which is 0.1 per cent below the goverment’s new revision but 0.5 per cent higher than the Asian Development Bank (ADB). Cambodia’s government in August also revised inflation ...
http://www.phnompenhpost.com/index.php/2012100859161/Business/inflation-low-in-2012-imf.html
High Court upholds verdict
The Supreme Court on Friday upheld the decisions of the lower courts in the case of Seng Chenda, wife of well-known tycoon Khaou Chuly, upholding a 20-year prison sentence for attempted murder, a court official said. According to judge Khim Pon, presiding, the court agreed with ...
http://www.phnompenhpost.com/index.php/2012100859147/National-news/seng-chenda-verdict-upheld.html
Court calls slain journo's family
Three members of the family of murdered journalist Hang Seri Oudom will appear in Ratanakkiri provincial court on Wednesday, according to their lawyer. Oudom, who exposed illegal logging in the area for the Virakchun Khmer newspaper, disappeared last month when he left his house at night ...
'Outsider' criticism of verdict blasted by NGO
In a bluntly worded statement, the Ministry of Foreign Affairs has shot back at critics of the Mam Sonando verdict, stressing that there were no political motivations to the case and accusing “outsiders” of trying to pressure a sovereign court. “Mr. Mam Sonando is the mastermind of ...
Details on cancelled concessions sought
A week after Prime Minister Hun Sen announced that he would be cancelling an unknown number of economic land concessions in Prey Lang forest, activists called for details on the annulled concessions, saying such revocations would be meaningless unless they could be policed. On September ...
NGO plans to build mini-city
An NGO’s plan to build an “entire city” for the victims of a forced eviction has been backed by the Phnom Penh municipal government, with preliminary construction already under way. The $2.2 to $2.5 million project, devised by the organisation People for Care and Learning, is expected ...
Tae Young strikers claim police abuse
Garment factory workers who set tyres ablaze during a strike on Friday claimed yesterday they were burned when police pushed them into their own fire. Snguon Vannary was one of several workers who said his feet had been burned when police broke up the strike at ...
http://www.phnompenhpost.com/index.php/2012100859149/National-news/strikers-claim-police-abuse.html
Local markets still favorite
Markets like Olympic and O’Russey in Phnom Penh and the traditional fresh food markets in cities and towns across Cambodia are where the overwhelming majority of Cambodians get not only the food they eat, but also the basic household products they use. The shopping behavior data, provided by ...
http://www.phnompenhpost.com/index.php/2012100559118/Business/local-markets-still-favourite.html
ADB revises its Asia growth rate
The Asia Development Bank has revised its growth expectations for the entire region down to 6.1 per cent for 2012 in an update to its annual development outlook released in April. This revision comes after the IMF increased GDP projections for Cambodia to up to 7 per ...
http://www.phnompenhpost.com/index.php/2012100559119/Business/adb-revises-its-asia-growth-rate.html
Port more active over nine months
Cargo shipments via Phnom Penh Autonomous Port (PPAP), Cambodia’s second largest port, rose by 16 per cent year-on-year in the first nine months. The Port Authority said yesterday the rise was mainly due to the increase of import and export activities for garments, agricultural and construction ...
http://www.phnompenhpost.com/index.php/2012100559120/Business/port-more-active-over-nine-months.html
Jobs crucial to development
Jobs are a cornerstone of development in developing countries, reducing poverty, making cities work and providing youth with alternatives to violence, according to a new World Bank report. Jobs are crucial for achieving economic and social development, the World Development Report 2013 said. According to ...
Men Sarun rice to China
Local company Men Sarun Import Export will export fragrant milled rice to China through the Chinese-Hong Kong Enterpreneur Association, an insider said. Choun Kol, Deputy General Director of Men Sarun company, said the company officially signed a business contract with China for 10,000 tonnes of rice. He ...
B Kak motodop recovers
A motodop at the center of the high-profile case against imprisoned Boeung Kak lake villager Yorm Bopha has returned to work after receiving treatment for head injuries, he said yesterday. Supporters of Nget Chet, 28, said during demonstrations last month that the motodop had been nearly brain damaged during an ...
MP dialogues focus on land
Villagers took an increasingly vocal stand on land issues during rare opportunities to speak with National Assembly members this past year, according to the National Democratic Institute. During the most recent town hall-style Constituency Dialogues, started by NDI in 2004 to promote contact between assembly members ...
http://www.phnompenhpost.com/index.php/2012100559126/National-news/mp-dialogues-focus-on-land.html
Hun Sen lambasts rights rapporteur
Prime Minister Hun Sen lashed out at the UN’s human rights envoy to Cambodia yesterday, saying Surya Subedi’s latest report skewed too heavily toward the opposition and suggested his talents might be better employed elsewhere. While the premier never mentioned the Nepalese national and Leeds ...
Strikes at two factories stretch into weekend
More than 600 workers from Kandal province’s Tae Young Co factory yesterday continued to strike, insisting on the return of 16 dismissed workers. Yesterday’s strikes came a day after the Kandal Provincial Court delayed questioning eight of the fired workers over charges that they incited an illegal ...
Court drops Wutty case
Five months after the fatal shooting of forestry activist Chut Wutty, Koh Kong Provincial Court dropped his case yesterday morning, saying they would only be looking into the shooting of the man who allegedly killed Wutty – a trial that wound up lasting less than ...
http://www.phnompenhpost.com/index.php/2012100559135/National-news/court-drops-wutty-case.html
East Asia takes notice of Cambodia
One of the most well-informed personalities in the air transport business in Phnom Penh is Nicolas Masse, country manager for Dragonair, which operates daily flights from Phnom Penh to Hong Kong in the morning and evening using Airbus A320 and A330 aircraft. Comparing the January through ...
Civil engineering students on the rise
Students finishing their secondary education this year are carefully looking at market demand to decide what to study to ensure solid future earnings. Many educators say the recent growth of the construction sector in Cambodia is encouraging parents and students to enroll at the universities of ...
http://www.phnompenhpost.com/index.php/Real-Estate/civil-engineering-students-on-the-rise.html
Cambodia's food service industry gains new player
Triasia Group, headed by Japanese CEO Yokoi Tomoyuki, will open its first Kiriya café in November, with plans already in place to open six more along with some Japanese and European restaurants and a coffee bean manufacturing and export operation. Triasia Group also aims at being ...
Cambodian Resorts on the Increase
International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in ...
http://www.phnompenhpost.com/index.php/Real-Estate/cambodian-resorts-on-the-increase.html
Chinese tourist numbers high
Foreign tourists visiting Cambodia increased more than 24 per cent for the first eight months of the year compared to the same period last year, while tourism officials expected Chinese visitors could be ranked number two in the Cambodian tourism market in the future. According to ...
http://www.phnompenhpost.com/index.php/2012100459105/Business/chinese-tourist-numbers-high.html
Phase Two of Sen Sok Town to begin soon
The second phase of Sen Sok Town, located in Sangkat Phnom Penh Thmai Khan Sen Sok, is slated to start shortly, after it has finished about 70 per cent of its first project. The two projects are worth about US$35 million. The company plans to start the ...
http://www.phnompenhpost.com/index.php/Real-Estate/phase-two-of-sen-sok-town-to-begin-soon.html
Inflation slows to only 2% says NIS
Cambodia’s inflation rose by 2.2 per cent in August compared to the same month last year, according to the monthly data from the National Institute of Statistics. The increase was due to the rise in food and the fluctuation of gasoline prices. Government officials and economists said the ...