Falling Crop Prices Threaten Boom in Small Farms
November 18, 2008 BANLUNG, Cambodia — A few years ago, this dusty frontier town was little more than a junction of dirt tracks in the jungle, with a handful of wooden buildings and beat-up old cars. Then global crop prices shot up, and Banlung became a boomtown.
Farmers swarmed in and cleared land to plant rubber, [...]
Cambodian Finance Stable But Stock Market Plans May Wait - PM
PHNOM PENH (AFP)–Cambodian premier Hun Sen said Friday the country’s banking sector was stable despite the global financial crisis, but plans to set up a national stock exchange could be delayed.
The prime minister said the state of the country’s finance industry was “in a stable position which is not worrisome” because Cambodia “has not yet [...]
Cambodia not to raise Preah Vihear issue at ASEAN Summit in Thailand
PHNOM PENH, Nov. 21 (Xinhua) — Cambodia will not list its dispute with Thailand over the ownership of the 900-year-old Preah Vihear Temple into the agenda of the ASEAN Summit next month in Bangkok, Chinese-language newspaper the Commercial News said on Friday.
“The ongoing world financial crisis will top the agenda of the summit, and we [...]
South Korean investment changes Cambodia
A young Cambodian couple smile for David Kim, the South Korean photographer, as he takes their wedding pictures.
Last November Mr Kim moved with his wife to Phnom Penh, the Cambodian capital, using the proceeds from the sale of his photo shop in Seoul to open Luk Studio. The business has made “a really good start” [...]
Cambodia holds land deal talks
Cambodia is in talks with several Asian and Middle Eastern governments to receive as much as $3bn in agricultural investment in return for millions of hectares in land concessions, according to a senior government official.
Some of the deals would be finalised “in coming months”, said Suos Yara, under-secretary of state responsible for economic co-operation.
The revelation [...]
Cambodia won’t declare war: PM Hun Sen
(BangkokPost.com) - Cambodian Prime Minister Hun Sen affirmed that Cambodia will not declare war against Thailand even though both countries have yet to settle the border dispute near Preah Vihear temple, which let to gunfights in October.
“Cambodia will not make war with any countries because Cambodia has had war experience and the country needed many [...]
World’s poorest nations call for more aid amid global financial woes
SIEM REAP, Cambodia (AFP) — The world’s poorest countries on Thursday called on rich nations to continue giving aid despite the global financial crisis.
The appeal from trade ministers and representatives from nearly 50 Least Developed Countries ended two days of talks in Cambodia’s tourist hub Siem Reap to discuss trade and the credit crunch.
Jointly organised [...]
Mechanical alarm forces Chinese aircraft to make emergency landing
SHANGHAI, Nov.20 (Xinhua) — A Shanghai Airlines Boeing 737 with 149 passengers aboard was forced to make an emergency landing in south China’s Hainan island on Wednesday while on a scheduled flight from Shanghai to Phnom Penh, Cambodia.
The airline said a “mechanical failure” occurred at around 11:22 p.m. on flight FM 833 and the [...]
Blogger Gary Arndt Visits Thai-Cambodian Conflict Zone
Phnom, Cambodia (PRunderground) November 17, 2008 – One year and a half into his around the world trip, Gary Arndt, author of the internet’s most popular travelogue, visited the disputed temple of Preah Vihear on the Cambodia - Thailand border.
On October 6, 2008, Gary traveled to Preah Vihear from Siem Reap, Cambodia to assess [...]
Cambodia needs a neutral police force
Hong Kong, China — Cambodia’s national police commissioner, Gen. Hok Lundy, was killed in a helicopter crash on Nov. 9, Cambodia’s National Day. Hok was a member of both the Central Committee and Standing Committee of the ruling Cambodian People’s Party and a close ally and senior advisor to Prime Minister Hun Sen, whose son [...]
