Flood costs to surpass $100m
PERSISTENT flooding in several areas of the Kingdom could result in more than US$100 million worth of damage, the National Committee for Disaster Management said yesterday. Flood waters have killed 207 people since early September and forced more than 32,000 families from their homes, according to ...
http://www.phnompenhpost.com/index.php/2011101152037/Business/flood-costs-to-surpass-100mn.html
S&P downgrades Acleda, keeps outlook stable
Hours after downgrading Cambodia’s long-term sovereign credit rating, ratings agency Standard & Poor’s said it had also decided to lower the credit rating for Acleda Bank to B from B+, though it maintained its outlook for the bank as stable. The decision follows a similar decision ...
Unlicensed medicine sale banned
The Ministry of Health has banned the sale of medicine without a legal permit at supermarkets, mini-marts and baby shops nationwide. It said offenders face strict legal measures, including fines of up to 10 million riel ($2,500). A letter signed by secretary of state at ...
Long Kimmarita
https://www.phnompenhpost.com/national/unlicensed-medicine-sale-banned
Ministry records decrease in dengue
The Health Ministry yesterday said that the number of people contracting dengue fever continues to decrease across the Kingdom in the wake of a spike. The ministry noted that about 2,400 new cases were found across the Kingdom this month since a spike in July. ...
Pech Sotheary
https://www.khmertimeskh.com/50635149/ministry-records-decrease-in-dengue/
Hun Sen talks poverty
Prime Minister Hun Sen has outlined Cambodia’s strategy for tackling poverty in a keynote speech to a United Nations forum in Beijing marking the 2015 International Day for Eradication of Poverty.Addressing the gathering of leaders on Friday, the premier lauded the 1 billion people brought ...
Zoe Holman
http://www.phnompenhpost.com/national/hun-sen-talks-poverty
Mine action center resumes breeding dogs as fundraiser
The Cambodian Mine Action Center (CMAC) has restarted a long-dormant dog breeding program it hopes will replenish its stock of explosive-sniffing canines as well as its dwindling coffers by selling them to others, including riot police. The first litter of six Malinois, a type of Belgian ...
Aun Pheap
https://www.cambodiadaily.com/news/mine-action-center-resumes-breeding-dogs-fundraiser-117170/
High waters close Ta Mok bridge
Authorities in Oddar Meanchey province’s Anlong Veng district have suspended traffic on the Ta Mok bridge since Monday night after the water level rose beyond the warning level because of heavy rain. The Ministry of Water Resources and Meteorology said yesterday that traffic was suspended from ...
Mom Kunthear
http://www.khmertimeskh.com/news/29707/high-waters-close-ta-mok-bridge/
New fines announced for trash code violators
A stern warning to clean up or pay up was issued to litterbugs yesterday, with Interior Minister Sar Kheng announcing fines for improper waste disposal across the country. According to the sub-decree, people who do not follow guidelines on separating waste, or who dump or ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/new-fines-announced-trash-code-violators
Notification on the reimbursement of the price of clean water
On 12 September 2017, the Phnom Penh Water Supply Authority (PPWSA) adjusted the calculation to the previous formula and is reimbursing the repayment to the customer in two options as follows:Option 1: Customers can come and receive the cash directly at any of PPWSA’s counter during ...
Phnom Penh Water Supply Authority
Common Market opens in Kampot city
Tourists and locals visiting Kampot can now find organic vegetables, fruit, seafood and a range of other local products after a new market opened in the city last week.The new facility, known as Common Market and created in collaboration with the Alliance of the Marine ...
Sok Chan
http://www.khmertimeskh.com/5084610/common-market-opens-kampot-city/
Rat demining aid granted
The Cambodia Mine Action Centre has received a grant of more than $170,000 from APOPO, a rat-demining organization, to support the HeroRat activities in clearing landmines in Siem Reap province. Also, in 2018, CMACC will also receive $1.2 million from the United Nations Development Program ...
Pech Sotheary
http://www.khmertimeskh.com/5099140/rat-demining-aid-granted/
Accounting and finance top job listings
Cambodia’s accounting and finance industries have seen the healthiest growth over the past three months, followed by jobs in sales, hospitality, management and marketing, according to the latest report by jobs website Everjob. More than 2,500 positions in the accounting and finance sectors were listed on ...
Sum Manet
http://www.khmertimeskh.com/news/30601/accounting-and-finance-top-job-listings/
Revenue rises in Q3 at capital’s water firm
The capital’s listed water utility posted higher revenue against lower earnings during the third quarter of the year in a filing to the Cambodian stock exchange yesterday. Phnom Penh Water Supply Authority (PPWSA) saw its revenue rise by $1 million, or 8 percent, year-on-year to $13.9 ...
Post Staff
http://www.phnompenhpost.com/business/revenue-rises-q3-capitals-water-firm
City-District to Manage Self Budget in 2012
The government, this year, intends to transfer it’s budget to individual town district authorities, and to vouchsafe into their hands from 2013 onward, aiming to push forward decentralization, said an interior ministry official. The budget, of on average US$ 35,000 per year, is in process of being transferred to the individual 193 town-district authorities across ...
East Asia growth to recover next year: WB
Economic growth in the East Asia and Pacific region – covering 14 countries, including Thailand – may slow by a full percentage point to 7.2 per cent this year, before recovering to 7.6 per cent next year, according to a World Bank report Excluding China, the ...
http://ph.news.yahoo.com/east-asia-growth-recover-next-wb-060002801.html
Axiata's Cambodian unit expands through M&A
Axiata Group Bhd is set to strengthen its foothold in Cambodia through a merger between Hello Axiata Company Ltd and Latelz Company Ltd, which it acquires for a consideration of US$155mil (RM473mil). In a statement, Axiata announced that its Cambodian arm had entered into a sales ...
http://biz.thestar.com.my/news/story.asp?file=/2012/12/13/business/20121213134936&sec=business
Low China demand may keep local rubber prices down until 2015
Cambodia’s rubber price is expected to fall further in coming years while government projects aimed at doubling rubber resin production will take effect by 2015, according to the latest figures from the Rubber General Department. Mak Kimhong, president of the Cambodia Rubber Association and owner of ...
Ha Tien Vegas Casino closes due to bankruptcy
Ha Tieng casino in Kampot province, Bordering with Vietnam was closed due to bankruptcy after there were no gamblers. According to the source, there were about 2 000 staffs laid off. Gamblers are Vietnamese but when Vietnamese government banned its people from going to gamble ...
Water investors criticise return
Holders of shares in the Phnom Penh Water Supply Authority (PPWSA) have criticised the level of dividend payment that they will receive from the company. PPWSA, which is the only company listed on the Cambodia Securities Exchange (CSX), was to pay its first dividend to 1,500 ...
Hor Kimsay
http://www.phnompenhpost.com/2013041165029/Business/water-investors-criticise-return.html
Beware risk with ASEAN investment
Members of the Association of Southeast Asian Nations (ASEAN) have become magnets for Chinese investment amid the global economic slump. Among the most recent deals, Hunan Province-based Xinyuan Mining Co Ltd bought a license to exploit a 28 million square meter gold mine in Cambodia, and ...