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 [...]
Posts Tagged ‘economics’
Cambodian Finance Stable But Stock Market Plans May Wait – PM
November 21st, 2008 
Cambodian News 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 [...]
Posted in Business 
Tags: Bank, Cambodia, economics, Finance, Financial crisis, Global Trade 
No Comments »World’s poorest nations call for more aid amid global financial woes
November 21st, 2008 Cambodian News 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. [...]
Impunity Hurting Political ‘Maturity’: Official
November 20th, 2008 Cambodian News Cambodia has the potential to be an industrialized nation, but corruption and impunity have kept it politically immature, a former US ambassador said. Sichan Siv, who serverd as US ambassador to the United Nations, said Cambodia has slowly overcome its problems since the early 1990s, but certain impediments remain. “The problems of corruption, crime and [...]