Cambodia News

Cambodia News

Cambodia opposition rallies in push for poll probe 0

Opposition leader Sam RainsySource: Reuters

Thousands of supporters of Cambodia’s defiant opposition rallied on Saturday to demand an independent probe into July elections they say were rigged to prolong the rule of a prime minister now facing his biggest political challenge in two decades. More…

Land prices in Siem Reap spike 15 per cent 0

Strong economic conditions have lifted property prices in Temple TownSource: The Phnom Penh Post

Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert.

Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 per cent in the first half of 2013 to $950 per square metre compared with $825 per square metre in the same period last year. More…

China to provide $33 mln loan to Cambodia 0

Hun Sen and Li KeqiangSource: The Cambodia Herald

China has pledged 200 million Yuan (around USD $33 million) to Cambodia in addition to the loans and grants provided in April of this year.

The loan announcement was made during a meeting between Cambodia’s Prime Minister Hun Sen and China’s Prime Minister Li Keqiang. More…

Thai policy hits Cambodian cassava exports 0

cassava_plantationSource: The Phnom Penh Post

Thailand’s restriction on agricultural imports earlier this year caused dramatic declines for Cambodia’s cassava exports during the harvest season, provincial border officials said yesterday.

Cambodia’s exports of cassava reached 288,109 tonnes in the first six months of this year, a decline of 55 per cent from 634,317 tonnes in the corresponding period of 2012, according to statistics from the Ministry of Commerce. More…

Cambodia's banking sector sees growth in loan, deposit in 7 months 0

A woman counts Cambodian riel notes at a business in Phnom PenhSource: Xinhua

Cambodia’s banking industry has seen 8 percent rise in loan and 4 percent increase in deposit over the first seven months of the year thanks to better economic situation and public confidence in the sector, a central bank official said Monday.

Nguon Sokha, director general of the National Bank of Cambodia (NBC), said the kingdom’s 34 commercial banks had provided a total loan of 6.38 billion U.S. dollars to customers by July this year, up 8 percent from 5.88 billion U.S. dollars at the end of last year. More…

Khmer Rouge tribunal staff strike in Cambodia 0

Khmer Rouge tribunalSource: Al Jazeera

More than 200 Cambodian staff at the UN-backed Khmer Rouge war crimes tribunal went on strike to demand wages that are several months overdue, an official said.

A majority of the court’s Cambodian employees, including interpreters and translators essential to the court’s functions, did not come into work on Monday because their wages had not been paid since June, spokesman Neth Pheaktra said. More…

New project aims to help small businesses in Cambodia 0

Tuk Tuk driving down National Road 6 Phnom Penh, CambodiaSource: The Cambodia Daily

A new project by the government and Japan’s aid agency seeks to assist small companies in Cam­bodia that are in need of specialist advice in order to develop and keep up with competitors in neighboring Asean countries.

The aim of the two-year program, called “Strategic Strengthening of Small and Medium Enter­prise (SME) Support System,” is to provide free guidance to 10 selected small businesses that are facing issues to help them in­crease productivity, improve management, foster innovation and encourage cooperation between other businesses. More…

Further wage increases eyed 0

Garment workers in CambodiaSource: The Phnom Penh Post

As the opposition continues to contest election results, the government has issued its second post-election announcement on salaries, saying yesterday that it has formed a committee aimed at boosting minimum wages for garment and footwear workers next year. More…

Thai company shelves Kampot cement project 0

Cement CambodiaSource: The Phnom Penh Post

Thailand’s second-largest cement company has suspended a cement-plant project valued at about $200 million in Kampot province because of political uncertainty and better investment opportunities in Myanmar, according to a senior executive.

Philippe Arto, the managing director of Siam City Cement Public Company Limited (SCCC), said on Wednesday that the board of the exchange-listed firm decided to “put on the shelf” the plant, which was expected to produce between one million and 1.5 million tonnes of cement a year to feed the growing demand in Cambodia’s construction sector. More…

Cambodian casinos may be at risk 0

Naga World ComplexSource: The Phnom Penh Post

As Vietnam takes steps towards legalising gambling for its own citizens, analysts warn of a threat to the bottom line at Cambodia’s premiere casino, NagaWorld, whose patronage depends largely on gamblers from neighbouring countries.

Local Vietnamese news agency Thanh Nien reported on Tuesday that the Vietnamese Communist Party’s Politburo had decided to allow Vietnamese “meeting certain criteria” to gamble in a casino to be built in the northern province of Quang Ninh. More…