Economy
Fishers cast nets in Kandal province, on January 17, 2019 (Fisheries Administration)

Fish Catch, Exports See Significant Drop in First Quarter

Fish catch and exports dropped during the first quarter of the year, according to an Agriculture Ministry report, with fisherfolk attributing the drop to changing weather patterns, low water levels and illegal fishing practices.

Prime Minister Hun Sen points on a map to Cambodia's Block A offshore oil concession, where KrisEnergy has extracted the nation's first drops of oil, in a photo posted to his Facebook page on December 29, 2020.

Indebted Oil Company Reports Lower-Than-Expected Oil at Cambodian Block

KrisEnergy has warned that its current production rate at Cambodia’s Apsara offshore oil block has yielded only around half the company’s projected peak rate, and it has extended debt repayment deadlines and brought in an engineering firm to assess the situation amid “material uncertainty … to continue as a going concern.”

An abandoned container market in Siem Reap city on June 8, 2020. (Danielle Keeton-Olsen/VOD)

Siem Reap Revival Plan Issued, but Some Say the Key Is Vaccines

The city’s tourism revenue and the industry’s number of agents are down 90 percent after a year of Covid-19, they said, but a provincial deputy governor noted that the industry’s revival would ultimately depend on the pandemic situation and worldwide vaccinations.

A portrait of Suy Sophan at her funeral, in a photo posted to the Facebook page of Bun Rany, Prime Minister Hun Sen’s wife.

Borei Keila Developer Suy Sophan Dies at Age 62

Phanimex director Suy Sophan, known for her close links to some of the country’s most powerful women and for controversies surrounding violent evictions at her company’s inner-city Borei Keila development, died aged 62 on Monday morning, the Cambodian Red Cross said.

A building leftover from the flooded Kbal Romeas commune in Stung Treng province on September 22, 2020. (Danielle Keeton-Olsen/VOD)

Pandemic ‘Exposed Cambodia’s Structural Weaknesses’: World Bank

The World Bank projected 4 percent GDP growth for Cambodia this year as the region starts to recover from the global pandemic-induced economic downturn, but noted continuing issues with the country’s tourism- and garment-driven economy as well as a high risk of lasting income inequality.