News

Boeung Kak villagers closer to land titles

It’s taken years of waiting – and protesting – but families in the capital’s Boeung Kak community yesterday saw City Hall officials measure land in their villages. Representatives of the city were deployed yesterday to villages 24, 22 and 6 to demarcate land as a step ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/boeung-kak-villagers-closer-land-titles-linkfix

World Bank Says Freeze on Lending Remains

After repeatedly equivocating about whether it has lifted a 2011 freeze on new lending to Cambodia in response to the government’s forced evictions of families in Phnom Penh, the World Bank has said that the suspension is still firmly in place. “The World Bank has not ...

Zsombor Peter
http://www.cambodiadaily.com/news/world-bank-says-freeze-on-lending-remains-46681/

Protesters Seek EU, World Bank Presence at Yorm Bopha Hearing

Some 50 representatives of Phnom Penh’s embattled Boeng Kak community on Monday marched to the offices of the European Union and World Bank to request that the international bodies send observers to the upcoming Supreme Court hearing of anti-eviction activist Yorm Bopha on November 22. Ms. ...

Khy Sovuthy and Ben Woods
http://www.cambodiadaily.com/news/protesters-seek-eu-world-bank-presence-at-yorm-bopha-hearing-46608/

2014 Draft Budget Reaches Assembly, Still Under Wraps

The National Assembly’s 12-member permanent committee will take its first look at the country’s $3.54 billion draft budget for 2014 on Monday, though officials are still refusing to offer a breakdown of how the money will be spent. The draft, which allocates more than $400 million ...

Hul Reaksmey
http://www.cambodiadaily.com/news/2014-draft-budget-reaches-assembly-still-under-wraps-46514/

Plans to Reform Economy for Asean Integration

Cambodia’s newly appointed minister of commerce said Thursday that he plans to reform the country’s economy ahead of Cambodia’s entrance into the Asean Economic Community (AEC) 2015, though he and other officials did not say how they plan to accomplish that goal. Speaking to reporters on ...

Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/plans-to-reform-economy-for-asean-integration-46469/

New fees, political crisis mean fewer businesses

The number of new businesses registering in Cambodia continued to plummet through the third quarter of this year amid tightened rules for start-ups and waning investor confidence following the still-unresolved national elections. Data from the Ministry of Commerce yesterday showed that 853 new businesses registered with ...

May Kunmakara
http://www.phnompenhpost.com/business/new-fees-political-crisis-mean-fewer-businesses

Doing Business in Cambodia Becoming More Difficult

Cambodia ranked 137 out of 189 countries in the World Bank’s Doing Business 2014 report released Tuesday, the first drop in at least two years that shows conducting business in the country is becoming more difficult. The report ranks countries in 10 categories, including starting a ...

Joshua Wilwohl and Aun Pheap
http://www.cambodiadaily.com/business/doing-business-in-cambodia-becoming-more-difficult-46243/

Hun Sen’s Cabinet Approves $3.5B Draft Budget

Prime Minister Hun Sen’s new Cabinet on Friday approved a 2014 draft budget of $3.5 billion, a 13 percent increase over this year’s budget, but gave no details as to how the money would be spent. The CPP also said it will go ahead with a ...

Hul Reaksmey and Zsombor Peter
http://www.cambodiadaily.com/news/hun-sens-cabinet-approves-3-5b-draft-budget-45985/

Cambodia economy remains robust in 2013 amidst challenging global economic atmosphere: WB

Cambodia’s GDP growth was projected to reach 7 percent in equivalent to 15.65 billion U.S. dollars in 2013 despite a challenging global economic environment, the World Bank said Monday. Overall macroeconomic outlook remains positive, having sustained agricultural growth, continued strong performance of the tourism sector, a ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-10/07/c_132776793.htm

World Bank says Cambodian political uncertainty has 'Unclear' impact

The World Bank said Monday that the impact of Cambodia’s political uncertainty was “unclear” but left its growth forecasts unchanged for this year and next year.  “The Cambodian economy remains robust amidst a challenging global economic environment,” the bank said in its East Asia and Pacific ...

The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=OTBjN2JiMjBlMzI

Climate report paints dismal picture for region

As much of the country grapples with crippling floods, a comprehensive report on global climate change released yesterday predicts the situation could be poised to get even worse. According to the report by the Intergovernmental Panel on Climate Change, as the planet grows warmer, cyclones making ...

Stuart White
http://www.phnompenhpost.com/national/climate-report-paints-dismal-picture-region

Housing Activist in Washington To Push for Cambodian Policy Reforms

Cambodian housing rights activist Tep Vanny is in Washington this week, seeking to increase international pressure on Cambodian authorities to end forced evictions and find resolutions to longstanding land disputes. Tep Vanny, a housewife who has emerged as a leader for Cambodian victims of forced evictions, ...

Men Kimseng
http://www.voacambodia.com/content/housing-activist-in-washington-to-push-for-cambodian-policy-reforms/1760036.html

Cambodia's per capita GDP to reach 1,036 USD this year: PM

Cambodia’s per capita GDP was projected to hit 1,036 U.S. dollars in 2013, up from nearly 1,000 U.S. dollars in a year earlier, Prime Minister Hun Sen said Saturday. The premier said the country has enjoyed full peace and political stability in the last 15 ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/21/c_132737987.htm

Boeng Kak Women March for Activist’s Release

More than 50 supporters of jailed anti-eviction activist Yorm Bopha marched through central Phnom Penh on Tuesday to demand her speedy retrial, acquittal and release, visiting the Supreme Court, the Royal Palace and the European Union and World Bank offices. Ms. Bopha has consistently professed ...

Khy Sovuthy
http://www.cambodiadaily.com/news/boeng-kak-women-march-for-activists-release-42147/

Cambodia Delays US Military Aid

Cambodia postponed U.S.-backed military assistance programs immediately after the July 28 national election, officials of both countries confirmed Tuesday, in a move that analysts said reflects a strain in relations after years of strengthening military ties. The U.S. has in recent years expanded training and other ...

http://www.cambodiadaily.com/news/cambodia-delays-us-military-assistance-39509/

In Cambodia, Cyber Casinos Fall Into a Legal Gray Area

In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in ...

http://www.cambodiadaily.com/selected-features/in-cambodiacyber-casinos-fall-into-a-legal-gray-area-38322/

IPU Finds Assembly Has Little Loans Oversight

Cambodia’s National Assembly is lacking, compared to other countries’ parliaments, in the oversight it exercises over new loans taken out by the government from international financial institutions, according to a new report. The study, published Tuesday by Geneva-based Inter-Parliamentary Union (IPU) and the World Bank, found ...

http://www.cambodiadaily.com/business/ipu-finds-assembly-has-little-loans-oversight-36432/

Congressional Hearing in US Pushes Cut to Cambodian Aid

At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcom­mittee ...

http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/

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