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LEAD STORY: Building Cambodia Construction Sector Driving Growth           CAMBODIA: Scientists release ancient Angkor findings           CAMBODIA: Cambodiaís Struggling Rice Rice Industry Faces Italian Threat           CAMBODIA: Fighting Cassava Diseases with Resistant Varieties           CAMBODIA: Public Bank Sees Strong Growth in Cambodia           CAMBODIA: World Bank Restarts Cambodia Loans After Five-year Freeze           CAMBODIA: Eco-Friendly Real Estate In Phnom Penh           CAMBODIA: While TPP Looms, RCEP Moving Slowly           CULTURE:Japanese Street Art: Not quite Banksy, but trying           Environment: Saving the Sea Grass Meadows           CHINA: Business Moguls Seek To Build Wanda-Full Future for Sport in China           Obituary:What made Muhammad Ali 'unforgivably' black            GLOBAL: ALetís get fiscal            GLOBAL:As Humanitarian Needs Grow, USAID chief says the world must act            GLOBAL: Hillary Clinton's Foreign Policy Problem            GLOBAL:New Documentary Calls for "Dignified Life" for Asian Garment Workers           KEY INDICATORS

Cambodian Business Review
 




 LEAD STORY   Juicing up the power grid: Cambodia Needs to Keep Pace with Strong Economic Growth

Cambodia's electricity costs are the highest in ASEAN after Singapore, but its per capita GDP is the lowest of the 10-nation bloc. And it has to buy most of its power from neighboring Thailand and Vietnam.

Cambodia imports about 60 percent of its electricity, making it vulnerable to disruptions and high prices. An ambitious program to boost domestic production, mainly through hydropower, will take years to kick in.

The World Bank lists electricity prices and supply as the biggest impediment to doing business in Cambodia.

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  CAMBODIA  

Cambodia Dismisses Report Detailing PM's Family Business

Cambodia dismissed accusations by an anti-corruption pressure group that Prime Minister Hun Sen and his family have amassed $200 million in business interests including some with links to land grabs and environmental destruction.

The accusations, in a report by the group Global Witness, comes during a period of rising political tension between the veteran prime minister and the opposition hoping to challenge his grip on power in local elections next year and a general election in 2018.

Global Witness, in its report titled "Hostile Takeover", said Hun Sen's family owns or partly controls companies with listed capital of more than $200 million.

That is likely to be a fraction of the real fortunes they hold through shell companies and the use of nominee owners, the group said. ...

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  CAMBODIA CULTURE  

Krom Rocks On

When Bob Dylan wrote, "You better start swimming or you'll sink like a stone," he didn't have the music industry of the 21st century in mind, but it surely applies. Local band Krom have been mastering their stroke of late.

The bilingual Khmer band comprised of Australian classically trained musician Christopher Minko, vocalists and sisters Sophea and Sopheak Chamroeun, the multi-talented Jimmy B on accordion, saxophone and slide guitar, and James "Mao" Sokleap on bass guitar and keyboards, have been making big waves along the Mekong River, and on the international stage of late, in a multi-media of ways.

A lot has been happening to the Phnom Penh-based Krom, with their unique dark blend of traditional Khmer music mixed into a genre coined the Mekong Delta Blues since they made their first-of-its-kind international debut in a three-night, three-venue tour of Bangkok back in December 2014. ...

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  CAMBODIA LABOR  

Millions of SE Asian jobs 'May be Lost to Automation'

More than half of workers in five Southeast Asian countries - including Cambodia - are at high risk of losing their jobs to automation in the next two decades, an International Labour Organization study found, with those in the garments industry particularly vulnerable.

About 137 million workers or 56 percent of the salaried workforce from Cambodia, Indonesia, the Philippines, Thailand and Vietnam, fall under the high-risk category, the study showed.

The garment sector is Cambodia's biggest industry - exporting more than $8 billion a year and employing more than 700,000 people. The report said almost 90 percent of Cambodia's garment workers could lose their jobs.

"Countries that compete on low-wage labor need to reposition themselves. Price advantage is no longer enough," said Deborah France-Massin, director for the ILO's bureau for employers' activities. The report said workers ...

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Germany and Cambodia:
21 Years of Warm Ties

 

It has been 21 years that Germany has re-bridged diplomacy with Cambodia via the establishment of Germany’s official relations with the kingdom's Supreme National Council (SNC) in 1992 after the initial diplomacy was...

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UPCOMING EVENTS

Asia-Pacific Biomass Energy Exhibition (APBE)
Date: September 26 to 28, 2016
Venue/ Country: Guangzhou Pazhou-China Import and Export Fair Complex

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