Chinese bank launches branch in Phnom Penh
The Industrial and Commercial Bank of China (ICBC) launched its first branch in Cambodia yesterday, bringing the total number of commercial banks in the country to 30.
Speaking at the inauguration of the branch in Phnom Penh, Finance Minister Keat Chhon made an appeal to ICBC
Digging of deep quarry halted after protesters block road
Authorities in Phnom Penh’s Dangkao district have ordered a land excavation company to stop digging an enormous quarry in Prek Kampoes commune that villagers claim has damaged surrounding rice paddies.
Last Wednesday, about 100 villagers blocked National Road 2, burning car tires in protest against the
Four companies narrow in on Phnom Penh bus service
Seven months after City Hall called for companies to submit proposals for the city’s first-ever bus service, Phnom Penh Municipality has announced that four out of seven companies who have shown interest will be considered.
The municipality in May and June 2011 invited all interested companies
Kingdom must diversify its economy, ADB says [Interview]
“I think when you have an economy that depends on the agricultural sector, there is a need to ensure that we strengthen the linkages between rural and urban areas. Our work also focuses on promoting education so that we can provide better employment opportunities for
Toll Group Mum on Possible Rail Project Exit
Australian transportation solutions provider Toll Holdings remained silent yesterday on whether it would be pulling out of its 30-year contract to operate Cambodia’s railway system.
In a report published on Tuesday, the Sydney Morning Herald cited “reliable sources in Cambodia” as saying that the company would
Severe Rains Slow Salt Farmers’ Harvest Goals
Salt farmers in Kampot and Kep may be unable to harvest the roughly 90,000 tons they sell annually due to excessive rains, and the country may have to turn to foreign markets, producers said yesterday. Ly Sreng, deputy chief of the Kep-Kampot Salt Producers Community,
Kingdom, Indonesia said close to rice deal
Cambodia is close to a deal that would ship as much as 20,000 tonnes of milled rice to Indonesia, according to sources familiar with the matter.
Thon Virak, director of state-owned rice exporter Green Trade and chairman of Federation of Milled Rice Exporters Association, said Green
Kingdom, Indonesia said close to rice deal
Cambodia is close to a deal that would ship as much as 20,000 tonnes of milled rice to Indonesia, according to sources familiar with the matter.
Thon Virak, director of state-owned rice exporter Green Trade and chairman of Federation of Milled Rice Exporters Association, said Green
Gov’t continues China tilt as ties with the US slide on ‘interference’ in Kingdom’s internal affairs
China has granted some $131 million in aid to the Cambodian military. It comes as yet another sign that the Kingdom is strengthening strategic ties with its Asian neighbour to counter increasingly cold relations with the United States. The aid was announced as part of
Observers: Cambodia election was free and fair
Representatives of election observers from six countries and leaders of the National Election Committee (NEC) claimed that Sunday’s national elections were free, fair and transparent. They also congratulated the 82 per cent of registered voters who turned up at the polls. The statements were made
Mech Dara and Kong Meta
https://www.phnompenhpost.com/national/observers-cambodia-election-was-free-and-fair
Trade logistics centre west of Phnom Penh is in planning
An assessement of plans to build a groundbreaking trade logistics centre west of Phnom Penh will begin soon, the Ministry of Public Works and Transportation said. An early stage feasibility analysis of the Phnom Penh Logistics Complex is set to begin early next year, supported
Hor Kimsay
https://www.phnompenhpost.com/business/trade-logistics-centre-west-phnom-penh-planning
ACU urges councillors to declare assets
The Anti-Corruption Unit (ACU) has reminded newly-elected municipal, provincial, town and district councillors that they are obliged to declare their assets and debts within a maximum of 30 days after taking office or they will be forced to resign from office. But councillors who declared
Soth Koemsoeun
https://www.phnompenhpost.com/national/acu-urges-councillors-declare-assets
Government to take action against doctors who cheat NSSF
The National Assembly is drafting a law to take action against doctors and patients who collude with each other to cheat the National Social Security Fund into paying for false medical expenses. Chheang Vun, chairman of the National Assembly’s Foreign Affairs, International Cooperation, Information and Media
Khuon Narim
https://www.khmertimeskh.com/50646973/government-to-take-action-against-doctors-who-cheat-nssf/
Kingdom becomes top bicycle supplier to EU
Cambodia became the largest bicycle supplier to the European Union (EU) last year, overtaking Taiwan, which had held the number one spot for two decades, a recent report from the website Bike-EU.com said on Monday. The report from the leading industry newsletter associated with the
Hor Kimsay
https://www.phnompenhpost.com/business/kingdom-becomes-top-bicycle-supplier-eu
Two held encroachment case
Two men who allegedly led some 30 villagers to illegally grab and clear forest land within the Ream National Park for private ownership were detained by the Preah Sihanouk provincial authority on Saturday. Neth Pheaktra, secretary of state and spokesperson of the Ministry of Environment,
Voun Dara
https://www.phnompenhpost.com/national/two-held-encroachment-case
Titles distributed after land row finally ends
Battambang provincial governor Nguon Ratanak oversaw the distribution of land titles on Tuesday following a 20-year-long land dispute between villagers and soldiers. Speaking during the distribution in Bavel district’s Prey Preal village on Tuesday, the governor said the disputed land was divided into 51 plots
Voun Dara
https://www.phnompenhpost.com/national/titles-distributed-after-land-row-finally-ends
Gov’t: Being competitive key to growth
Minister of Commerce Pan Sorasak on Wednesday said the Cambodian government has focused on its competitiveness strategies and the growth of Industry 4.0 in the Kingdom to withstand the trends of global protectionism and geopolitical polarisation. Speaking at a workshop on “Cambodian Trade Integration Strategy
Hin Pisei
https://www.phnompenhpost.com/business/govt-being-competitive-key-growth
New minimum wage figures tabled
The National Committee for Minimum Wage has noted three different wage figures proposed by unions, employers and the government, according to a unionist. The three sides have been meeting to discuss how much money garment factory workers will receive each month next year. The current minimum
Mom Kunthear
https://www.khmertimeskh.com/50644500/new-minimum-wage-figures-tabled/
Commune chief denies grab collusion in Kandal province
A commune chief in Kandal province has denied local media reports that he and some 50 families colluded to secretly sell nearly 250ha of state-owned lake land in Prekbak and Speandek villages, in Loeuk Dek district’s Prek Tonloap commune. The provincial Department of Land Management,
Long Kimmarita
https://www.phnompenhpost.com/national/commune-chief-denies-grab-collusion-kandal-province
Government timber figures belie ‘ban’ on Vietnam trade
A series of quarterly reports from the National Bank of Cambodia raises questions about the government’s ban on timber exports, as they show that last year, more than $5 million in sawn timber was exported from the Kingdom. The latest report, released earlier this month
Alessandro Marazzi Sassoon
https://www.phnompenhpost.com/national/government-timber-figures-belie-ban-exports
