Risks, Rewards as Economic Corridor Develops

Pich Samnang, VOA Khmer
Wednesday, 30 March 2011 

A system of strip dams cuts into grasslands next to paddy fields in Kampong Thom province.

Cambodia is building up its rural infrastructure in an effort to link itself to its neighbors, under an “economic corridor” project aided by the Asian Development Bank. Proponents of the southern economic corridor, part of the Greater Mekong Subregion project, say it will bring benefits to villagers like those in Kampong Thom district’s Sambo Prey Kuk temple, in Prasat Sambo district.

High Gold Price Shakes Up an Old Stand-By

Pich Samnang, VOA Khmer
Friday, 20 August 2010

Cambodians have long had a habit of buying and stocking gold, especially as jewelry, but that habit may be changing, thanks to gold’s continual rise in value.

“No one wants to buy gold now,” said Chea Ly, a Phnom Penh resident living near Deum Kor market who has stopped stocking jewelry herself. “We would rather sell it instead, or keep the money to buy something else.”

That’s because the common trading price of gold has climbed from around $700 an ounce in 2007 to more than $1,200 an ounce this week. Investors have been flocking to gold in recent years as a hedge against uncertainty in money and other markets.