Industry largely bullish on AEC integration
Government and business representatives continue to remain optimistic about Cambodia’s prospects after the ASEAN Economic Community integration next year, saying that the Kingdom had upped production levels and strengthened quality measures to remain competitive in the region. ...
Sor Chandara
http://www.phnompenhpost.com/business/industry-largely-bullish-aec-integration
Dengue cases triple this year
Cambodia has reported 15,015 dengue fever cases in the first 50 weeks of this year, a more than 300 percent rise from the 3,611 cases over the same period last year, according to figures released yesterday. ...
Xinhua team
http://www.khmertimeskh.com/news/19257/dengue-cases-triple-this-year/
Government takes over reins of Angkor ticket sales
The Cambodian government officially took charge of the ticket sales at the Angkor Archeological Park on January 1, after Prime Minster Hun Sen announced in November an end to the Sok Kong-owned Sokimex’s control of the service. ...
Sor Chandara
http://www.phnompenhpost.com/business/government-takes-over-reins-angkor-ticket-sales
Lacklustre prices, competition dampen cassava exports
Cambodian cassava farmers are facing dropping prices in the agro commodity this season, as the lack of a domestic market and dependence on exports, which faces competition from neighbouring countries, has led them to call for government intervention. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/lacklustre-prices-competition-dampen-cassava-exports
Rice, garment sectors push exports into record territory
Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a new Ministry of Commerce report. ...
Ananth Baliga
http://www.phnompenhpost.com/business/rice-garment-sectors-push-exports-record-territory
Fumes from toilets lead to mass faintings at factory
More than 30 workers fainted at a garment factory in Kandal province over the past two days after inhaling noxious fumes circulated by a ventilation fan located near the facility’s toilets, an official said. ...
Ben Sokhean
https://www.cambodiadaily.com/news/fumes-from-toilets-lead-to-mass-faintings-at-factory-107996/
Water utility posts profit, but shares stagnant
The capital’s listed water utility reported strong growth of earnings and profit in 2015, yet failed once again to impress investors, with its share price refusing to budge during yesterday’s low-volume trading session. ...
Cam McGrath and Sor Chandara
http://www.phnompenhpost.com/business/water-utility-posts-profit-shares-stagnant
Unionists arrested by undercover police out on bail
Two unionists jailed since February 2 have been released on bail by the Kompong Speu Provincial Court, although they remain charged with incitement and intentional violence in connection with a protest outside the Cerie garment factory, officials said Thursday. ...
Khy Sovuthy
https://www.cambodiadaily.com/news/unionists-arrested-by-undercover-police-out-on-bail-109759/
Government calls Rohingya refugee ‘a liar’
Cambodian and Australian officials on Sunday denied claims made by a Rohingya refugee from Burma over the weekend that he was being poorly treated in Phnom Penh, with the Interior Ministry’s refugee director calling the man “a liar.” ...
Zsombor Peter
https://www.cambodiadaily.com/news/government-calls-rohingya-refugee-a-liar-109826/
Lancang-Mekong Cooperation vital to regional stability, boosting economic development: Cambodia
With the inaugural Lancang-Mekong Cooperation (LMC) leaders’ meeting scheduled to open next week in China, Cambodia said the LMC is important for all Lancang-Mekong countries to maintain regional peace and stability and to boost economic development. ...
Xin Hua Team
http://news.xinhuanet.com/english/2016-03/19/c_135203233.htm
Swifter footwear sales help push garment growth
Cambodia’s garment sector – a key driver of the economy – exhibited modest growth last year, with total exports topping $6.3 billion in 2015, up from $5.8 billion one year earlier, according to an industry report released yesterday. ...
Ananth Baliga
http://www.phnompenhpost.com/business/swifter-footwear-sales-help-push-garment-growth
First eco-park set to open
An ecologically-friendly satellite town called Le Urban Eco Park, a $50 million joint venture between Singaporean and local investors, is expected to be completed in the next couple of months after the more than two years of construction. ...
May Kunmakara
http://www.khmertimeskh.com/news/25179/first-eco-park-set-to-open/
Sathapana Bank gets $35 million from Taiwan lenders
Facilitated by Taiwan’s First Commercial Bank, seven foreign banks provided $35 million in a syndicated loan to Sathapana Bank Plc, a newly formed Cambodian commercial bank, to expand its existing microfinance operations and broaden its commercial lending portfolio. ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/sathapana-bank-gets-35-million-taiwan-lenders
Fuel prices steadily increase
Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fuel-prices-steadily-increase
Boom time for construction sector
The construction sector in the Kingdom is booming with total investment skyrocketing to $832.2 million this month compared to $39.7 million last June, according to latest figures from the Ministry of Land Management, Urban Planning and Construction. ...
Sum Manet
http://www.khmertimeskh.com/news/25983/boom-time-for-construction-sector/
US spending bill ties aid to end of government ‘violence’
A spending bill approved by the U.S. Senate Appropriations Committee last week proposes to make U.S. aid to Cambodia in 2017 contingent on an end to the government’s harassment of the opposition and civil society. ...
Zsombor Peter
https://www.cambodiadaily.com/news/us-spending-bill-ties-aid-to-end-of-government-violence-114950/
SIM card ownership down by nearly 12%
The number of mobile phone subscribers nationwide decreased by 11.5 per cent over the last year in what regulators are describing as a rebalancing after the market reached a saturation point, pushing well beyond 100 per cent penetration. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/sim-card-ownership-down-nearly-12
Tourism duo took bribes: ministry
Two officials from the Ministry of Tourism were found by the ministry to have taken bribes of up to $3,000 from candidates for tour-guide examinations in Siem Reap, though neither of the officials have been fired. ...
Chhay Channyda and Zoe Holman
http://www.phnompenhpost.com/national/tourism-duo-took-bribes-ministry
Cambodia says industrialized nations must help mitigate climate change
As world leaders prepare for a major summit on climate change in Paris this December, Cambodian officials say industrialized nations should provide support to lesser developed countries, to offset their contributions to global warming. ...
Phorn Bopha
http://www.voacambodia.com/content/cambodia-says-industralized-nations-must-help-mitigate-climate-change/2977125.html
Date set to announce new wage
The tripartite working group tasked with setting the minimum wage in Cambodia’s garment industry is slated to officially convene today, with the results of the negotiations to be announced on October 5 if all goes to plan. ...
Mom Kunthear
http://www.phnompenhpost.com/national/date-set-announce-new-wage