News
Investment Figures Show Billions of Dollars from China
China has become Cambodia’s biggest investor, putting some $8.8 billion into the country over nearly two decades, according to online data from the government’s lead investment agency. Those investment numbers, from the Council for the Development of Cambodia, from 1994 to 2011, do not take into ...
Corruption? Not on foreign projects: PM
Prime Minister Hun Sen lashed out at unnamed critics yesterday, saying there was no corruption in large-scale development projects backed by foreign aid. “[For example] as for the Neak Leung bridge or Kizuna bridge Japan runs its bids in Tokyo. Therefore, only Japanese companies have the ...
http://www.phnompenhpost.com/2013011560783/National/corruption-not-on-foreign-projects-pm.html
US Congressional Budget Compromise a Good Lesson for Cambodia, Observers Say
The US Congress has averted the “fiscal cliff” by passing a number of budget agreements, and Cambodian politicians and observers say the experience is a good example of compromise between two sides. Cheam Yiep, a lawmaker for the ruling Cambodian People’s Party and head of ...
Cambodia to spend 21 mln USD for July general election
Cambodia will spend about 21 million U.S. dollars to cover for the [sic] proceedings of the general elections on July 28, a senior official at the National Election Committee (NEC) said Friday. “The budget for the forthcoming elections is about 21 million U.S. dollars, up from ...
http://news.xinhuanet.com/english/world/2013-01/04/c_132080391.htm
Cambodia's inflation increases by 1.6 pct in November
Cambodia’s inflation rate had increased by 1.6 percent in November 2012 if compared with November 2011 due to moderate increases in food and petroleum prices, according to the latest statistics of the National Institute of Statistics (NIS) on Tuesday. The statistics said the total consumer price ...
http://news.xinhuanet.com/english/business/2013-01/01/c_132075617.htm
Yearender: Hosting ASEAN Summit tops major achievements of Cambodia in 2012
The successful hosting of the 21st Summit of the Association of Southeast Asian Nations (ASEAN) and its related summits here in November was definitely the biggest achievement of Cambodia in 2012 despite some sad events such as the death of the venerated former King Norodom ...
http://news.xinhuanet.com/english/indepth/2013-01/01/c_132075147.htm
Garment Workers Protest for Higher Wages at Freedom Park
More than 200 garment workers gathered at Phnom Penh’s Freedom Park yesterday to protest for higher wages before marching to Wat Botum Park and the National Assembly. The workers from three factories – Cambo Handsome, Best One and Yang Fong – are requesting $150 as their ...
Union Delivers Leaflets Urging Garment Worker Strike
The Cambodian Confederation of Unions (CCU) is distributing 10,000 leaflets to garment workers across Phnom Penh, urging them to join a strike on Sunday, CCU officials said yesterday. “We would like to invite them to join us to demand for an increase if the base ...
Lawmakers Reject Petition
Lawmakers from Cambodia’s ruling party on Monday refused to accept a petition from hundreds of people who held a rally calling for the government’s help in resolving land disputes, drawing criticism from activists who questioned the effectiveness of the country’s parliament. The appeal, which contained more ...
http://www.rfa.org/english/news/cambodia/petition-12172012164439.html
Hun Sen Says 2013 Budget Will Balance Despite Spending
Prime Minister Hun Sen yesterday said that Cambodia’s budget for next year was balanced, claiming that a planned increase in public spending will be made up for by a rise in government revenue. Despite concerns from the opposition that foreign borrowing should be reduced, the National ...
ADB Report Links Corruption, Political Culture in Cambodia
The government is beset with high-level corruption, a lack of transparency in public procurements, poor auditing practices and political interference in the country’s main anti-corruption body, a report produced by the Asian Development Bank (ADB) sent to the media yesterday states. In a 66-page report that ...
http://www.cambodiadaily.com/business/adb-links-corruption-political-culture-6525/
Casino Workers Strike Over Fired Union Leaders
More than 200 workers at Poipet City’s Casino Tropicana went on strike over the weekend, calling for management to improve working conditions and rehire two Free Trade Union (FTU) members who were fired earlier this year. Workers said that Sat Sep, formerly the representative of the ...
Government Revenues Up 27 Percent in First Nine Months
The government collected more than $1.4 billion in revenues during the first nine months of the year, a 27 percent increase over the same period last year, figures released Thursday by the Ministry of Economy and Finance show. According to the Table of Government Financial Operations ...
http://www.cambodiadaily.com/business/government-revenues-up-27-percent-in-first-nine-months-6508/
Government Defends Chinese Dams
Following a dam breach in Pursat province, ruling CPP lawmakers yesterday defended the government’s primary plan to tackle its energy crisis by contracting Chinese companies to build hydropower dams on the country’s rivers. A section of concrete tunnel at the Stung Atai dam in Pursat province ...
National Assembly Lawmakers Reject SRP Budget Suggestions
Lawmakers at the National Assembly yesterday debated the government’s plan for public spending next year, with the opposition challenging the government’s plans to rack up more foreign debt. Since the draft of the 2013 budget was released last month, the opposition has come forward with detailed ...
Chinese officials to dam site
China has reportedly dispatched embassy officials to investigate a major breach at the Chinese-built Stung Atai dam in Pusat province on Saturday, which swept away four men, three of whom are still missing. Yang Tian Yue, spokesman for the Chinese Embassy in Phnom Penh, told local ...
Opposition party calls for land concession tax raise
Opposition party whip Son Chhay reiterated his call at a press conference yesterday for the government to raise taxes on economic land concessions from $5 to $7 a hectare up to $70 through an amendment to the draft of the 2013 budget. The Sam Rainsy Party ...
http://www.phnompenhpost.com/index.php/2012120560103/National-news/up-land-concession-tax-srp.html
1 in 20 Firms Carry Out Environment Assessments
Only about 5 percent of the roughly 2,000 major development projects, such as dams, roads and bridges, approved by the government between 2004 and 2011 carried out environmental impact assessments, an official at the ministry of Environment said yesterday. Speaking at a workshop in Phnom Penh ...
Simon Lewis and Khuon Narim, P.1
http://www.cambodiadaily.com
Aviation Chief Urges Compensation for Victims of PMT Crash
Fielding questions from opposition lawmakers in the National Assembly yesterday, the chief of the State Secretary of Civil Aviation (SSCA) addressed a host of issues that have drawn recent criticism of the government body. SSCA Secretary of State Mao Havanall began by saying that the secretariat ...
Cambodia's Parliament Ratifies Conventions On Nuclear Safety
The National Assembly of Cambodia on Wednesday ratified two international conventions on Early Notification of a Nuclear Accident or Radiological Emergency and Nuclear Safety to maintain security and prevent nuclear proliferation. “Cambodia has neither nuclear power plant nor chemical weapon plant; Cambodia is a country ...
http://www.bernama.com.my/bernama/v6/newsindex.php?id=709118
2013 National Budget to Rise Above $3B
Government spending next year will total more than $3 billion, a 16.2 percent increase from the $2.6 billion set aside for 2012, according to a draft of the national budget obtained Friday. The budget states that the government will allocate some $400 million, or 13.32 ...
http://www.cambodiadaily.com/business/2013-national-budget-to-rise-above-3b-5428/
Chinese Company Behind Stung Treng Dam
A Chinese hydropower company, identified as Consultant CECCI, along with Royal Group and Vietnamese power giant Electricity Vietnam International (EVNI), will be in charge of the Lower Sesan 2 dam construction project in Stung Treng province, as well as the relocation of the 5,000 affected ...
Casino-Funded Election Committee Office Breaks Ground
The National Election Committee (NEC) broke ground yesterday on a $12-million tower being funded by the casino company NagaCorp that is set to take more than two years to complete and has drawn concern from election groups. At a ceremony that took place on National Assembly ...
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