Wednesday, 02 December 2015


Credit Growth Could Mean Greater Risk, Economist Warns

A man working at a money exchange (R) passes 100 Cambodian riel notes to a client in central Phnom Penh, file photo.

02 December 2015
Credit provides a chance for people to expand businesses, and in Cambodia credit has grown more than 30 percent over the last few years. More

Video Changing Climate Has Major Impacts for Under-Prepared Cambodia

Cambodia is ranked one of the most vulnerable countries in the world to climate change. Many of its people rely on agriculture, and the changes to the country’s climate, whether more droughts or more floods, makes them particularly vulnerable.

ASEAN Creates 'Community' Encompassing 600+ Million People

Summit host, Malaysian Prime Minister Najib Razak, hails establishment of community 'as a landmark achievement' more than a dozen years after concept was first proposed

For Some Women, Sex Work Is a Choice, Not a Matter of Trafficking

To conservative Cambodians, sex workers are defying traditional values.

As Asean Moves Toward Integration, How Will Cambodia Fare?

Experts fear that Cambodia will not be competitive with its Southeast Asian neighbors, as a free flow of goods and services between the 10 Asean members ensues.

Hun Sen To Join Regional Summits in Malaysia

Hun Sen has expressed a desire to improve Cambodia’s image abroad, but the country’s deep poverty, political divisions and human rights abuses make that a tough case.

Video Changing Climate Has Major Impacts for Under-Prepared Cambodia

Cambodia will participate the global summit on climate change in Paris this December. World leaders will meet to find ways to curb climate change, much of which is the responsibility of developed countries, but with can severely impact poorer countries.

Cambodian Competitiveness Ranks Low in Global Market

According to the World Economic Forum 2015, Cambodia was ranked 95th in competitiveness, surpassing only Myanmar among countries in Asean.

With Higher Wages Come Questions of Workers’ Productivity

Cambodia’s garment sector is a major economic driver in the country, earning some $3 billion from exports in the first half of 2015.

Cambodia Pins Economic Hopes on AEC

Cambodians expect 'seamless transition' when ASEAN Economic Community is launched in two months and hopefully heralds second investment wave.

Video Mobile Money Providing Cheaper, Safer Transactions in Cambodia

This transaction is a monthly ritual among Cambodia’s 600,000 garment workers whose modest contributions help support the livelihoods of their families in the poorer rural areas.

Asean Trade Ties Could Help Keep the Peace in South China Sea

The United States has been emphasizing the importance of freedom of navigation, fearing that China’s efforts to expand its territory could eventually become a barrier to trade.

Commerce Minister Seeks More Ideas on Rice Export

Cambodia has a goal set by Prime Minister Hun Sen to export 1 million tons of rice each year.

First Chief of China-led Asia Bank Dismisses Western Concerns

Jin Liqun, president-designate of the controversial AIIB bank promises to build “21st-century governance” at the new bank.

Cambodia Initiates First-Ever Employment Policy

The International Labor Organization says a new National Employment Policy will improve the country’s economy for the young generation.

As More Money Comes to Education, So Do Fears of Corruption

The $4.3 billion budget, approved recently by Prime Minister Hun Sen, allocates $500 million for education.

Employers Want More Productivity Following Wage Hike

Earlier this month, the government agreed to raise minimum wage to $140 per month, a figure managers said would damage the industry.

Cambodia Should Not Focus on Trans-Pacific Partnership, Analysts Say

The Asean nations included in the TPP are Brunei, Malaysia, Singapore, and Vietnam.

Audio Greed, Materialism Create a ‘Disease,’ Anti-Corruption Expert Says

Corruption can be tackled through education and the reinforcement of Buddhist values, particularly against greed, the expert said.

Experts Question Whether Trans Pacific Partnership Is Right for Cambodia

Meanwhile TPP has struggled to get approval in the US, with significant opposition in Congress, and must be ratified by the 12 nations it now includes.

Government Raises Minimum Wage for Workers to $140 per Month

The figure is lower than the $160 unions had negotiated for, a wage they said was necessary to keep up with the rising cost of living.

Cambodia Raises Monthly Minimum Wage to $140

Increase of nearly 10 percent was more than manufacturers wanted but far less than workers unions were seeking.

US, Japan, Pacific Rim Nations Reach Massive Trade Deal

The Trans-Pacific Partnership will lower trading barriers and set commercial rules for 40 percent of the world economy.

Cambodia Failing Its Women, Lawmaker Says

Mu Sochua said there are few opportunities for jobs, coupled with land grabs and low wages for jobs that do exist—and this is forcing many Cambodian women to work abroad.

Microcredit a ‘Double-Edged Sword’ Strategy for Migration

As of June 2015, microfinance institutions lent more than $2 billion, compared to $1.6 billion dollars in 2014, according to the Cambodia Microfinance Association.

Inequality a Defining Challenge for the World, and for Cambodia

Some 41 percent of the population in Cambodia are left behind and still live on less than $2 per day.

ADB Expects Slightly Slower Growth in 2015

The ADB forecasts GDP growth at 7 percent for 2015 and 7.2 percent for 2016.

Manufacturers Say They Can’t Raise Wage to $207 Per Month

Labor leaders say they believe the $207 monthly minimum is an accurate reflection of the needs of workers.

Government Shortens Lease Time on Land Concessions

The government has announced a new review of economic land concessions, shortening the period of some from 99 years to 50 years.

Manufacturers Say a High Number of Factories Suspending Workers

Cambodia’s manufacturing industry is a major economic driver, providing jobs to some 600,000 people.

New Program Helps Artists Be Entrepreneurs

Often underpaid and undervalued, there are not many artists devoted to preserving Khmer cultural values through arts these days.

World Bank Does Little As Villagers Threatened and Jailed for Protesting Big Projects

Human rights campaigners claim the World Bank Group has repeatedly failed to intervene to stop its borrowers from cracking down on critics of dams, roads and other projects backed by the bank.

Buyers Worried About Union Demands, Garment Manufacturers Say

Labor leaders have said workers need a minimum $177 per month to keep up with the rising cost of living in Cambodia.

Vietnam Takes Steps to Protect Against Chinese Slowdown

Vietnam may face a flood of Chinese imports as its neighbor to the north leans more on other countries to escape slowing demand at home

Workers Say Asean Integration Won’t Bring Them Home

Cambodia has an estimated 30,000 legal workers in South Korea, and another 250,000 in Thailand.

Garment Manufacturers Plan Institute To Improve Worker Skills

The institute is being build with financial assistance from the French Development Agency, and aims to train 1,600 workers in the first three years.

Cambodian Red Cross Opens Luxury Hotel in Remote Province

The Green Tel Palace, located in Preah Vihear, has six stories and 80 rooms and took three years to build.

Video Australia Says Deal to Send More Refugees to Cambodia Still On

Australian Foreign Minister Julie Bishop on Monday denied a refugee deal with Cambodia had collapsed after Cambodian officials said Cambodian did not intend to accept any more refugees from a South Pacific detention centre under an agreement. Australia and Cambodia agreed last September that some refugees from Nauru would be resettled in Cambodia in exchange for Australian aid, but only four have arrived since then. Cambodian Interior Ministry spokesman General Khieu Sopheak told Reuters that they "have no plans to receive more refugees from Nauru." Australian Foreign Minister Julie Bishop denied the deal had collapsed. Pin Sisovann, VOA Khmer.

Goal of 1 Million Tons of Rice Export Unlikely

Experts blame a lack of capital, which means not enough rice in its husk can be bought and stored before it’s processed.

Video Cambodia Seeks Closer Trade Ties to US

Cambodia hopes to bring its ties with the US to another level, with a main focus on trade, demining and cultural exchange, Cambodian Ambassador Chum Bun Rong, who is new to his post, tells VOA Khmer in an exclusive interview. Ambassador Chum Bun Rong also met with US Ambassador-designate William A. Heidt. VOA Khmer Men Kimseng reports from Washington.

40th Anniversary of Khmer Rouge Takeover

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In Cambodian Capital, Political Motives Seen Behind Canceled Water Festivali
30 November 2015
For the fourth time in the five years since more than 350 people were killed in a stampede at Cambodia’s annual water festival, authorities canceled the event this year. Officials blamed environmental reasons as the cause, but many see it as fallout from rising political tensions with a fresh wave of ruling party intimidation against the opposition. David Boyle reports from Phnom Penh.

English with Mani & Mori

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03 November 2014
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