News
Chinese Firms Foresee Industrial Hub in Preah Vihear
Preah Vihear province – The residents of this sleepy district, on the edge of the Boeng Per Wildlife Sanctuary, grow rice, cassava and cashew nuts. But in a few short years, Chinese investors envisage that Rovieng will be rapidly transformed into an industrial town. ...
Millers need greater access to credit: Govt
The Ministry of Commerce and bank officials announced yesterday that they will hold a meeting next month aimed at better facilitating rice millers’ access to credit. The move is part of the Asian Development Bank’s Climate Resilient Rice Commercialization Sector Development program to address food security ...
http://www.phnompenhpost.com/2013031161863/Business/millers-need-greater-access-to-credit-govt.html
Men Questioned After refusing To Hand Over Student Donation
Authorities in Battambang province on Saturday summoned two villagers from Salmot district’s Ta Sanh commune after they refused to hand over money to officials asking for donations to feed students working in the area as part of the government’s nationwide land titling project. Heng ...
Report shows lack of information on Chinese-Funded Railway
With locals demanding dialogue with the Chinese firms behind a proposed multibillion dollar rail line to Preah Vihear province, an NGO report released yesterday highlights the dearth of information that has been made available on the project. Chinese company Cambodia Iron Steel Mining Industry Group (CISMIG) ...
http://www.cambodiadaily.com/news/report-shows-lack-of-information-on-chinese-funded-railway-12723/
Angkor Air forecasts first loss
AFTER finishing in the black every year since its launch in 2009, Cambodia’s flagship airline is forecasting a loss for the first time, in a situation that an industry analyst has described as “not necessarily typical”. Cambodia Angkor Air’s (CAA) loss is projected to span two ...
http://www.phnompenhpost.com/2013030661776/Business/angkor-air-forecasts-first-loss.html
Toilets, trucks on agenda
The government announced new plans for developing both transportation and rural sanitation at the annual meeting of the Ministry of Rural Development at the Chaktomuk Conference Hall in Phnom Penh yesterday. According to officials at the event, the ministry will be completing by year’s end a ...
http://www.phnompenhpost.com/2013030661784/National/toilets-trucks-on-agenda.html
Cambodia building 248-km national road with Chinese aid
Cambodian Prime Minister Hun Sen on Tuesday broke ground for the construction and enlargement of a 248-kilometer stretch of national road No. 6A, saying that the road is vital for the development of the economy and tourism. The road will be widened from the current 7 ...
http://news.xinhuanet.com/english/world/2013-03/05/c_132209913.htm
Villagers fear eviction looms
Villagers who fear eviction from their homes of 30 years in Kratie province travelled to Phnom Penh yesterday to plead for Prime Minister Hun Sen’s intervention. Fifteen representatives of 88 families who live close to Kratie Airport, in Kratie town’s Srei Padav village, said provincial authorities ...
http://www.phnompenhpost.com/2013030561741/National/villagers-fear-eviction-looms.html
Cambodia To Become Lower-Middle-Income Nation By End of 2013: PM
Cambodian Prime Minister Hun Sen said Monday that the country would move from the status of a low-income to a lower-middle-income nation by the end of this year. “We acknowledge that we are in the status of a low-income country with GDP per capita of less ...
Recent Development and Economic Outlook
The UN’s assessment suggests that Cambodia is one of the top five countries that have made significant progress toward meeting its MDGs by 2015. The poverty rate has dropped dramatically from 47.50 percent in 1993 to 34.70 percent in 2004 and 23 percent in 2011, ...
Naga World Boss Acquires Billionaire Status
The Malaysian founder of Phnom Penh’s only licensed casino, Chen Lip Keong, is now a billionaire after seeing his fortune multiply in size in recent years, according to Forbes magazine. The magazine, which calculates the wealth of individuals using company data, published a list of the ...
Cambodia launches green growth plan 2013-2030
Cambodia on Friday adopted the national policy and strategic plan for green growth 2013-2030, aiming at developing the economy with consideration for environmental and natural resources sustainability. It said the country has already adopted several legal instruments for the green growth implementation. Those included ...
http://news.xinhuanet.com/english/world/2013-03/01/c_132201617.htm
Cambodian PM greets large group of Chinese businesspeople
Cambodian Prime Minister Hun Sen on Thursday met with a large group of Chinese business executives visiting Cambodia to explore investment opportunities. To date, he said, the Sino-Cambodian relationship has reached the level of the Comprehensive Strategic Partnership of Cooperation. The premier said China has helped ...
http://news.xinhuanet.com/english/world/2013-02/28/c_132199209.htm
Cambodian Government Agrees In Principle to Risda Opening Rubber Estates
The Cambodian Government has agreed in principle with Rubber Industry Smallholders’ Development Authority (RISDA) to open 20,000 hectares of rubber estates in that country on a joint venture basis, its Chairman Tan Abdul Tamby said. The former Melka chief minister said the Federal Government through the ...
http://www.bernama.com/bernama/v7/ge/newsgeneral.php?id=930464
Co-op law will bolster agriculture sector: PM
WITH the passing of a law on farmers’ co-operatives, the government hopes to streng-then the country’s growing agricultural sector, Prime Minister Hun Sen said in a speech at the National Institute of Education yesterday. “In time, I believe that economic growth will be tremendous in rural ...
Operations commence at 18MW Kirirom III hydro power plant in Cambodia
The Cambodian government has commenced operations at the 18MW Kirirom III hydro power plant in the southwestern part of the country. The facility will produce 78 million KWh of electricity a year and help the country reduce its power shortage crisis and dependence on oil-fueled electricity. ...
Cambodian poor pushed out of their homes by developers
A mother of four, with the youngest on her hip, said she was not impressed by the palatial government buildings where Cambodia’s Prime Minister Hun Sen and his Council of Ministers have their offices. Her own home is a wood-and-tin shack now partially buried under the ...
http://www.nationmultimedia.com/aec/Cambodian-poor-pushed-out-of-their-homes-by-develo-30200729.html
PM Hun Sen ushers in new dam
Prime Minister Hun Sen on Saturday inaugurated the third in a string of six Chinese-funded hydropower dam projects, offering lavish praise for the superpower as he officially opened the $47 million Kirirom 3 dam in Koh Kong. “I am really pleased for the new ...
http://www.phnompenhpost.com/2013022561590/National/pm-hun-sen-ushers-in-new-dam.html
Agreement for Government’s Jet Not Yet Signed
In the latest clarification from the government on the subject of it’s new private airliner, a senior aviation official said yesterday that the French-made Airbus A320 is not yet the property of Cambodia, as ownership documents have not been finalized. The 150-seat jet made its inaugural ...
http://www.cambodiadaily.com/news/agreement-for-governments-jet-not-yet-signed-11571/
PM’s Logging Decree ‘Too Late’
Activists are welcoming Prime Minister Hun Sen’s public vow to prevent logging and rosewood trafficking, but they also say it’s too little too late to have any serious impact on protecting Cambodia’s already decimated forests. In a speech on Friday at the Ministry of Interior, Hun ...
http://www.phnompenhpost.com/2013022561589/National/pm-s-logging-decree-too-late.html
Fracking a problem for SE Asia
Impoverished countries hoping to strike it rich by developing their limited oil and gas reserves are being urged to move quickly or risk having their expectations clipped by fracking, which is depressing market prices while adding life to fields once thought exhausted. The ...
http://www.phnompenhpost.com/2013022561573/Business/fracking-a-problem-for-se-asia.html
Hun Sen says Hydropower Is the Key to Stable Electricity Prices
Cambodia’s focus on hydropower will reduce its independence on oil and ensure nationwide access to electricity at a stable price, Prime Minister Hun Sen said in a speech Saturday during the inauguration of a $47.1 million hydropower dam in Koh Kong province. However environmental groups ...
Serbian FM to visit Cambodia to boost bilateral ties
Serbian Minister of Foreign Affairs Ivan Mrkic will pay a two-day visit to Cambodia next Monday to promote bilateral relations, according to a press release from Cambodia’s Foreign Ministry on Friday. ...
http://www.shanghaidaily.com/article/article_xinhua.asp?id=126862
Infrastructure spending rises
Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about US$2.5 billion — a sum an opposition politician says is too low and is ineffectively put to use. In his opening remarks at the seventh Cambodia Outlook Conference, Prime Minister Hun Sen said public ...
http://www.phnompenhpost.com/2013022261558/Business/infrastructure-spending-rises.html