News

Mass Eviction Looms Ahead Of East Asia Summit

Hundreds of families living near Phnom Penh International Airport are facing imminent eviction from heir homes as security preparations begin for world leaders who will attend next month’s Asean and East Asia summits. A total of 387 families living on 6.3 hectares of land to the ...

Cambodia needs markets to export remaining 3 million tons of cassava products

Cambodia, the export of cassava in Cambodia is in low cost this year due to low demand and local farmers grow high production Prime Minister Hun Sen said: In Pursat and Battambang provinces alone have three million tons of cassava products for export Most cassava product exported ...

http://thesoutheastasiaweekly.com/?p=4823

European Anti-Corruption Law Could Reach Cambodia’s Oil, Forestry Sectors

New European legislation passed last month could help transparency in the extractive industries, by forcing companies to declare payments to foreign governments rich in resources For resource-rich countries like Cambodia, that means much more transparency, she said. More than 95 percent of the world’s major extractive ...

http://www.voacambodia.com/content/european-anti-corruption-law-could-reach-cambodia-oil-forestry-sectors/1519817.html

ADB lowers Cambodia’s economic growth to 6.4% in 2012 due to weak global demand

The Asian Development Bank (ADB) slashed Cambodia’s GDP growth to 6.4 percent this year, 0.1 percentage point lower than its April’s forecast of 6.5 percent, according to the bank’s Outlook 2012 Update released on Wednesday The bank predicted that Cambodia’s gross domestic product to grow by ...

http://www.tourismcambodia.com/news/localnews/7027/adb-lowers-cambodia%E2%80%99s-economic-growth-to-6.4-percent-in-2012-due-to-weak-global-demand.htm

Slowdown in garment exports from Cambodia

The slump in global markets has depressed demand for Cambodian products, leading to reduced growth forecasts by the Asian Development Bank (ADB) for 2012 and 2013. “Falling global demand, especially in Europe and the US, means that the industry sector will grow at a slower pace ...

http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=116497

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 ...

http://www.phnompenhpost.com/index.php/2012100459098/Business/east-asia-takes-notice-of-cambodia.html

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 ...

http://www.phnompenhpost.com/index.php/2012100459102/Business/cambodias-food-service-industry-gains-new-player.html

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

Protesters Employ New Tactic At Eviction Demonstrations

Protester’s from Phnom Penh’s Boeng Kak and Borei Keila communities demonstrated outside the Ministry of Justice yesterday by employing a new tactic: locking themselves up inside a cage. With about 100 people in attendance, two protesters crouched inside a small cage to protest against the detention ...

Villagers in Land Disputes With Firm Don't Show for Questioning

Villagers accused of incitement in a long-running land dispute with a company owned by the wife of a government minister did not show up for scheduled questioning yesterday at the Kompong Chhnang Provincial Court, officials said. On September 17, KDC Development company, owned by Chea Kheng, the wife of Minister of Industry, ...

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 ...

http://www.phnompenhpost.com/index.php/2012100459104/Business/inflation-slows-to-only-2-per-cent.html

Development Bank Revises Growth Outlook

A day after the International Monetary Fund (IMF) notched up its forecast for Cambodia’s economy this year, the Asian Development Bank (ADB) yesterday revised its own estimation down slightly, to 6.4 percent. The ADB’s estimation was edged down just 0.1 percent from its last forecast made ...

Sonando Verdict a Tough Test for KRT Legacy

When the international community hammered out a hard-fought deal with the government in 2001 for a war crimes tribunal to try the most senior leaders of the Khmer Rouge regime, they hoped their efforts would also set an example for local court system riddled with ...

Cambodian Activist Monk Receives Swiss Human Rights Award

The country’s foremost campaigning monk, Loun Sovath, received the Martin Ennals Award in Geneva on Tuesday for his efforts to document the plight of people fighting against eviction in Cambodia. The award, which honors one human rights defender each year, is valued at $21,300, a purse ...

Vietnamese fishermen snared in local waters

Provincial authorities arrested eight Vietnamese fishermen who illegally crossed into un-demarcated Cambodian waters in Kampot province on Tuesday. The two boats were intercepted by river police in the early morning while they were trawling, Touch Poleak, deputy director of the water border protection department, said.   Sar ...

http://www.phnompenhpost.com/index.php/2012100459093/National-news/vietnamese-fishermen-snared-in-local-waters.html

Life on the edge of eviction

A group of families in the capital’s Por Sen Chey district gathered in their sludge-filled street yesterday, fearing authorities were moving in to evict them – for a second time. Many of the Andong village residents had taken the day off work; if anyone was coming ...

http://www.phnompenhpost.com/index.php/2012100459108/National-news/on-the-edge-of-eviction-in-phnom-penh.html

'Multimedia Monk' is honored for activism

Activist monk Luon Sovath has been named the recipient of this year’s Martin Ennals Award for Human Rights Defenders for his work promoting villagers’ land claims and publicising rights abuses. A familiar figure at protests in Cambodia, including the widely decried May trial of the Boeung Kak 13, ...

http://www.phnompenhpost.com/index.php/2012100459106/National-news/cambodian-activist-first-southeast-asian-to-receive-prestigious-rights-award.html

Striking the right balance

The number of strikes in Cambodia’s garment industry could be set to dip and workers could be on their way to free lunches after both sides of the industry signed a two-year memorandum of understanding (MoU) yesterday. The MoU – inked by the Garment Manufacturers Association (GMAC) in ...

http://www.phnompenhpost.com/index.php/2012100459107/National-news/unions-factories-deal-to-curb-walkouts.html

Cambodia’s Jasmine Rice Awarded World Best Rice for 2012

Cambodia’s aromatic variety of jasmine rice was awarded top prize at the Rice Trader World Rice Conference in Bali, Indonesia, last month Cambodia is now seeking to expand its exports of its jasmine rice and other varieties. Ung Chhengsear, a representative of Cambodian rice export company Lor ...

http://www.voacambodia.com/content/cambodia-jasmine-rice-awarded-world-best-rice-for-2012/1518980.html

Cambodia city port sees 16% surge in shipments in 9 months

Container traffic through Phnom Penh Autonomous Port, Cambodia’s second largest port, increased by 16 percent in the first nine months of this year thanks to increasing import and export activities in garments and construction materials, the port authority said on Wednesday In March last year, to ...

http://news.xinhuanet.com/english/business/2012-10/03/c_131886809.htm

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