News
The Week at the CSX
The price of the Phnom Penh Water Supply Authority stock over the Aug. 30-Sept. 5 period fluctuated from KHR 6,350 (US$1.57) to KHR 6,450 (US$1.59), but trading volumes went down to zero again on Aug. 31, the second time in the bourse’s short history. With ...
Officials seek to boost trade ties with Cambodia
A group of Chinese trade officials from South China’s Shenzhen city has been visiting Cambodia to promote the bilateral trade and investment ties. The group was led by Zhang Jinsheng, director of Shenzhen WTO Affairs Office. Addressing a Shenzhen Economic and Trade Forum on Friday afternoon, Zhang ...
http://www.chinadaily.com.cn/business/2012-09/15/content_15760426.htm
Spirit of the Forest
Once a majority ethnic minority province where Tampoun, Jarai and Kreung speakers outnumbered the Khmer, Ratanakkiri is now one of the country’s fastest growing provinces where inhabitants of lowland provinces, particularly Kompong Cham, Svay Rieng and Prey Veng, are flocking in search of a better ...
Cambodia Asks China to Fund Power Cables
Two weeks after Prime Minister Hun Sen returned from China with more than half a billion dollars in new loans and grants, Cambodia once again asked Beijing for money on Thursday. In a bilateral discussion held alongside this week’s series of meetings between Asean energy ministers, ...
Mondolkiri Minority Villagers Divided Over Land Titles
Ethnic Bunong villagers in Mondolkiri province’s Pech Chreada district are bitterly divided over how best to protect their ancestral land amid efforts by authorities to map it in preparation for property titles. Bosra commune chief Yoeth Sarin said that since student volunteers-deployed across the country as ...
Canadia, Gov't Look to Soothe Tax Process
With the deadline to pay annual property taxes rapidly approaching, hundreds of Phnom Penh homeowners queued this week at Canadia Bank’s headquarters on Monivong Boulevard to pay their tax bills in relative comfort, and avoid long visits to district and municipal taxation offices. Canadia Bank signed ...
Rights Groups Condemn Charges Against Anti-Eviction Activists
International human rights groups added their voices to the chorus of criticism over the detention of two female anti-eviction activists from the Boeng Kak and Borei Keila communities, accusing the court of failing to honor fair trial standards. In a statement issued late Thursday, Amnesty International, ...
Verdict Due October 1 in Trial of Jailed Radio Station Owner
On the fourth and final day of his trial for alleged involvement in a secessionist movement, independent radio station owner Mam Sonando told the court on Friday that he had returned to Cambodia from the U.S. to stand the trial because he was innocent. Mr. Sonando, ...
Top Glove wants to source for its own latex
TOP Glove Corp Bhd became the first rubber glove maker to move upstream by acquiring its own rubber plantation land to ensure a consistent supply of latex At for the purchase price of RM22mil, it translates to RM715 per ha, which is also 35% cheaper than ...
http://biz.thestar.com.my/news/story.asp?file=/2012/9/15/business/12014933&sec=business
Cambodia records US$1.51-B trade deficit in 7 months
Cambodia reported a trade deficit of 34% in equivalent to US$1.51-B in the 1st 7 months of this year, the report of the Commerce Ministry showed Thursday. During January-July period this year, the country’s total import and export value was US$7.45-B, up 15% from US$6.47-B at ...
http://www.livetradingnews.com/cambodia-records-us1-51-b-trade-deficit-in-7-months-85827.htm
CIMBT expands intra-Asean ATM service
CIMB Bank Thai (CIMBT) clients will one day able to use ATMs for financial transactions anywhere in Asean. The regional linkage of ATMs is aimed at improving service and cost efficiency as a part of the CIMB Group’s regional strategy. Executive vice-president Dusanee Klewpatinontha said Cambodia has ...
http://www.bangkokpost.com/business/economics/312275/cimbt-expands-intra-asean-atm-service
Bridge to Be Built Over Flooded Road in B Meanchey
Amid flooding caused by heavy rain in Thailand, Banteay Meanchey provincial officials have commissioned the construction of a steel bridge over an inundated section of road on the outskirts of Poipet City, officials said yesterday. Flooding in Preah Vihear province, which started last week following heavy ...
20 More Garment Factory Workers Injured on Way to Work
More than 20 garment workers were injured yesterday in Svay Rieng province when a truck in which they were traveling overturned, a police official said. Fifty-seven workers were on board an open-backed truck in Chantrea district when the driver lost control on a road that had ...
More Than 30 Garment Workers Faint in Factory
More than 30 garment workers fainted at H&L Apparel in Pur Senchey district’s Kakab commune, management at the factory said. “There were 32 workers who fainted, one of the was male, and we too them to Preak Kossomak Hospital yesterday afternoon,” factory administrator Phen Bora said. Mr. Bora ...
Local Farmers Can't Compete With Cheap Pork
Cambodians like pork. The average Cambodian consumes almost 9.29 kg of the meat each year, and local farmers supplied about 2 million pigs, more than 90 percent of the domestic demand, in 2008. But the market for small-scale pig farmers has flown. Live pig prices have fallen ...
Cambodia Record Significant Progress in Child Mortality
The mortality rate for children under the age of 5 in Cambodia has fallen by 64 percent since 1990, with the most marked decrease noted over the past decade, according to a Unicef report released yesterday. The report, Committed to Survival: A promise Renewed, lists Cambodia ...
BBC Report Says Media Stifled, Journalists Targeted in Cambodia
In a week that has seen one journalist murdered and another threatened for their investigations into corruption and forest crimes, a timely new study into the state of Cambodia’s media has found that the country’s press is being stifled. Eleven journalists have now been killed in the country ...
Royal Media Launches Digital ONE TV Service
Royal Media Entertainment Co. Ltd., a joint venture between local conglomerate Royal Group and Russian General Satellite Co., announced yesterday that it has launched the country’s first digital pay-television service, ONE TV. Offering promotional subscription rates between $3 and $12 a month, services will begin in Phnom ...
Focus on 'Secession' Trial Shifts Back to Mam Sonando
Independent radio station owner Mam Sonando mounted a spirited defense during the third and last day of testimony at the Phnom Penh Municipal Court yesterday in his trial for allegedly leading a secessionist group. At time raising his voice, waving his arms and grabbing his head ...
20-year-old GMS plans new phase of investment
The Greater Mekong Sub-region development scheme, which celebrates its 20th anniversary this year, is moving forward with a new generation of investment aimed at strengthening connectivity, competitiveness and community over the next decade. The GMS will play a strategic role in connecting Southeast Asia with South ...
http://www.nationmultimedia.com/business/20-year-old-GMS-plans-new-phase-of-investment-30190259.html
Cambodia sees mixed bag for 2015
Cambodia expects the arrival of the ASEAN Community in 2015 to present challenges as well as opportunities for its people. Economic advisor to the Ministry of Foreign Affairs and International Cooperation Sok Siphanna believes that the ASEAN integrity will create more opportunity for Cambodia. “Cheap labor in ...
http://www.thejakartapost.com/news/2012/09/13/cambodia-sees-mixed-bag-2015.html
China investment in energy 'crucial' to Cambodia
Cambodian Minister of Industry, Mines and Energy on Thursday hailed Chinese companies for hugely investing in the country’s energy sector, which is a key element to support the sustainable social and economic development. Suy Sem’s appreciation was made during a bilateral meeting with Wu Yin, ...
http://www.chinadaily.com.cn/business/2012-09/13/content_15756465.htm
Former Anti-Drugs Chief Says He Is a Victim, Not a Criminal
At his appeal hearing yesterday, former anti-drug police chief Moek Dara railed against what he said was injustice of his incarceration for a slew of drug-related crimes, for which he continues to deny his guilt. Mr. Dara, former chief of the National Authority for Combating Drugs, ...
Hundreds of Taxi Drivers Protest for Third Time
More than 200 motorcycle-taxi drivers gathered in Phnom Penh’s Freedom Park yesterday, for the third time, to protest against human rights groups who have characterized the recent arrest of two anti-eviction activists as politically motivated. The little known taxi drivers’ union, Cambodia for Confederation Development Association ...