Cambodia morning news for January 4

Cambodia morning news for January 4

Cambodia morning news

National Bank projects 7 pct economic growth in 2019
In 2019 the Kingdom’s economy will grow at a rate of 7 percent, according to the nation’s Central Bank, who noted in its latest report that such growth may be weakened by a number of internal and external factors, including the potential cancellation of the Everything-but-arms (EBA) scheme with the European Union.
— Khmer Times

Property price growth slows
Real estate prices in the Kingdom’s major cities only saw small increases last year, though land prices in coastal provinces saw a sharp increase, according to a second-half 2018 Key Real Estate Co Ltd report obtained by The Post on Wednesday.
— The Phnom Penh Post

MQ Tech backs out of Cambodian theme park, casino deal
A major entertainment project planned for Cambodia has lost its main developer. In a filing with Bursa Malaysia, Malaysian investment company MQ Technology announced that it was backing out of the deal that would have seen the development of a large resort area in Cambodia offering hotels, a theme park and a casino.
— CalvinAyre.com

Macau Legend Development Limited Acquires Siem Reap Land
Asian casino operator, Macau Legend Development Limited, has reportedly announced the signing of a deal that has seen it spend slightly over $90 million in order to buy a large plot of land in central Cambodia.
— CNE

Cambodia’s economy continues to enjoy robust growth: central bank
Cambodia’s economy enjoyed robust growth last year, driven by garment exports, construction and tourism, said a National Bank of Cambodia’s statement on Thursday.
— Xinhuanet

Reported Deaths of Foreign Nationals 2018
According to an unofficial report, at least 188 foreigners from 36 countries died in Cambodia during 2018.
— CNE

Why ‘permanent neutrality’ doesn’t work in Cambodia
The end of the Cold War marked a turning point in international politics — the collapse of socialism and the planned economy and the rise of democracy and a free market economy.
— Bangkok Post

Chinese investors to provide property boost in 2019
While investment capital in Cambodia’s construction sector showed a nearly 20 per cent decline last year compared to 2017, a group of industry insiders are optimistic that the sector will recover this year, boosted by an inflow of Chinese tourists and investors.
— The Phnom Penh Post

Thais Picked Up With 7kg of Drugs in Poipet
On the morning of January 3, 2019, the police force of the provincial Anti-Drug Office revealed that two suspects were arrested for drug trafficking in Poipet.
— CNE

Workers on strike, plan to ask PM for solution
Hundreds of workers from Prestige Garment Co Ltd in Kandal province’s Kandal Stung district are on strike and said they will petition Prime Minister Hun Sen to intervene after negotiations failed to reinstate their sacked representative who stands accused of intending to form a trade union.
— The Phnom Penh Post

Cambodia’s government says it has a good record on LGBTI issues
Cambodia’s Human Rights Committee says it has done a lot to help LGBTI people.
— GayStarNews

Digitising Cambodia’s economic future
In March 2018, the Cambodian government announced its plan to be ready to transform into a digital economy by 2023.
— The Cambodia Daily

Nobody’s Children: Really?
In Cambodia, the term ‘orphan’ is loosely defined and most of the kids in the so-called orphanages are not really parentless children.
— Khmer Times

Toys from the ‘rebels’
The Rebels Motorcycle Club will hold its annual Cambodia Toy Run for charity in Siem Reap this year for the first time, after a five-year history of the run in Sihanoukville.
— Khmer Times

Border authorities hail a successful 2018
A senior official at the Ministry of National Defence said on Wednesday that the Royal Cambodian Armed Forces’ (RCAF) infantry had busted 5,193 crimes along the Kingdom’s borders last year, including drug trafficking, illegal logging and the movement of unregistered migrant workers.
— The Phnom Penh Post

Rainsy faces CNRP backlash after ‘cheap’ jibe at barred 118
Opposition leader Sam Rainsy faced a backlash after narrowing his prediction that “99 per cent” of banned Cambodia National Rescue Party (CNRP) politicians would not seek the return of their political rights, saying “only two cheap, short-sighted officials” would do so.
— The Phnom Penh Post

Kantha Bopha announces drop in infant mortality rate
The Kantha Bopha Hospitals founded by Swiss paediatrician Dr Beat Richner, who passed away last year aged 71, has reported a drop in the infant mortality rate last year.
— The Phnom Penh Post

Impoverished by Drought, Cambodia’s Farmers Face Debt Slavery
Bopha should be in school but instead toils seven days a week in a searing brick kiln on the outskirts of Phnom Penh – a 14-year-old trapped in debt bondage in a boom industry preying on the poverty of Cambodia’s farmers.
— The Global Post

Massive Accident on Rd#4, Kampong Speu
A truck has crashed into several other vehicles, including cars, minivans, commercial vehicles and a passenger bus. At least one person died and four more seriously injured.
— CNE

Feature photo AIP Foundation

This week’s Cambodia morning news feature photo focuses on the death, pain, and loss that typically occurs at this time of year on Asean roads due to drunk driving, speeding, and a failure to wear protective helmets when travelling on motorbikes.

 

Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Cambodia morning news by AEC News Today is your one stop source for Cambodia news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.

 

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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for ‘Nollywood’, Nigeria.

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