News
Economy resilient to global headwinds: World Bank
Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...
Cambodia's water people pushed out of Phnom Penh sewer for billion-dollar ING City
For decades, the vast lakes and wetlands fringing Cambodia’s capital have been home to thousands of people making a living from the water — fishing and harvesting vegetables for market. Now they face eviction, as politically well-connected land speculators push them out. “If they fill ...
Lao energy not so ‘cheap’: experts
During a visit to the Lao border on January 10, Prime Minister Hun Sen thanked the government of Laos for “selling electricity at a cheap price to Cambodia”. Experts, however contend a continued reliance on energy imports means prices will invariably remain high for consumers. ...
Takeo zoo animals to get new home in SR
A group of animals, including a family of gibbons, currently living at Takeo province’s Phnom Tamao Zoo are set to be transferred to Siem Reap’s Banteay Srei district in a bid to boost eco-tourism. The animals will be moved to the Khun Ream rosewood farm ...
Cambodia’s salt yield to fall
Salt production in Kampot and Kep provinces will be down this year due to unseasonal rain during the harvest season and a lack of laborers to farm the salt, according to the Salt Association of Kampot and Kep. Bun Baraing, co-executive director of the salt association, ...
All state rice stocks to be disposed of this year
Prime Minister Prayut Chan-o-cha wants all existing state rice stocks to be disposed of within this year. Wiboonlasana Ruamraksa, permanent secretary for commerce, said Gen Prayut, who chaired the national rice policy committee’s meeting on January 9, has ordered officials handling state rice sales to ...
Apparel factory closures debated
Questions have been raised about the health of Cambodia’s $6 billion garment sector after local media reported that over 140 garment factories shut down operations last year. Ministry of Labour spokesman Heng Sour, the source of the figure cited in local media, stood by the ...
Prahok makers complain of high prices in capital
Every year, traders and farmers travel from the provinces to Phnom Penh’s Russey Keo district to buy fish to produce prahok paste, but with this year’s prahok season ramping up, high prices have pushed many of them to camp in tents along the riverbank, waiting ...
Kampot pepper pact keeping prices stable
Kampot pepper prices are set to remain stable for another year as part of an agreement between local producers that caps prices through the end of 2017, a representative of the pepper association said on January 8. Ngoun Lay, president of the Kampot Pepper Promotion ...
Decline in transfers linked to rice prices
International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said on January 8. In Channy, president and group ...
