The government must ensure the Cambodia-China Free Trade Agreement has the nation’s and the people’s interests at heart, and both improves the country’s economic competitiveness and garners Chinese investment that produces local jobs.
During the rainy season, rising waters in the rice fields surrounding Takeo’s Koh Andet district provide an ample supply of rodents. As the global economic downturn leaves many jobless, some are turning to catching and exporting rats to make ends meet.
An online clothes seller was questioned in court and accused by police of committing pornography crimes on Thursday, after posting photos of herself in supposedly revealing attire on the same day that she was “educated” not to do so by authorities.
About 160 rice merchants rioted this week over a car park tripling rates from $1.25 to $3.75, burning tires, destroying benches and damaging the parking lot’s property, local officials said.
Based on interviews with 30 workers and vendors on Sihanoukville beaches, VOD found that the city’s economic transformation has left some locals struggling to adapt.
A gas explosion in the early afternoon on Monday sparked a huge fire at a Phnom Penh factory that burned for 12 hours before being finally put out, razing the building to the ground and putting about 600 employees jobs in jeopardy.
Rice exports to China have overtaken shipments to Europe this year after the E.U. imposed tariffs in January to protect its rice growers.
Officially designated “oknha” — tycoons who have donated hundreds of thousands of dollars to the government — who are also in the military will be asked to choose to be either oknha or soldier, Defense Minister Tea Banh said.
A new state-owned bank with an initial investment of $100 million will be established to provide low-interest loans to small businesses and address what an industry association calls a capital shortage in the sector, the Industry Ministry said.
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.
Justice Ministry officials need more room, so “empty public land” will be used to store court documents by filling in another part of Boeng Tamok, one of Phnom Penh’s “last lakes” that feeds hundreds of families and protects the capital from flooding.
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