Cambodia and Nepal Hope for Direct Flights
Cambodia and Nepal will press for direct flights between the two countries to encourage tourism, Prime Minister Hun Sen said after a meeting on Monday.
Nhim Sokhorn May 14, 3:40 pm
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Cambodia and Nepal will press for direct flights between the two countries to encourage tourism, Prime Minister Hun Sen said after a meeting on Monday.
Analysts say many in rural areas are seeing few benefits from the country’s brisk economic growth, and yet may be among the most seriously affected if Cambodia loses duty-free trade with Europe over human rights concerns.
Cambodia’s rapid 7.5 percent GDP growth last year came amid ballooning private debt, increased reliance on an uncertain construction boom, and threats to the country’s main exports due to politics, according to recent reports from the World Bank and National Bank of Cambodia.
Twenty clothing brands including adidas, Gap, Nike and New Balance appealed to Prime Minister Hun Sen to uphold human rights and prevent the loss of preferential trade with the E.U. and U.S.
Just one of the eight turbines at the 400-MW Lower Sesan 2 dam are presently operating due to low water levels, an official said, with the past week’s brief smattering of rain doing little to alleviate nationwide power outages.
Cashew farmers here in Kraya commune say plunging nut prices are leaving them unable to repay high-interest loans or support their families, creating insolvency fears even amid a bumper harvest.
The World Bank has warned of the economic risks of Cambodia losing preferential trade access to the European Union, and urged the government to be ready with measures to mitigate the potential shocks to the economy.
The government is considering banning companies from promoting alcoholic drinks by offering chance prizes such as cars or money, an official said.
Three-quarters of the pepper plants in a farming community in Tbong Khmum province are dying from the recent extreme heat, farmers say.
Young Cambodians expressed their frustrations over a lack of decent jobs, opportunities for further vocational training and the capacity of the country’s job agencies at a youth employment forum held in Phnom Penh on Tuesday.
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