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Indian firms urged to invest in Kingdom

Cambodian officials and private sector representatives met a visiting Indian business delegation yesterday to pitch for more Indian investment in the country and to explore ways of increasing the relatively low level of bilateral trade and investment. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/indian-firms-urged-invest-kingdom

Cambodia-Australia affordable houses venture

Cam Top Property Group, from Cambodia, and Australia-based Cate Group have come together to jointly invest $25 million in an affordable housing project that will be launched next week for low middle- and middle-income Cambodians. ...

Sum Manet
http://www.khmertimeskh.com/news/31605/cambodia-australia-affordable-houses-venture/

CSX: Six months down the line

Trading on the Cambodian Securities Exchange remained low yesterday, which also marked six months of operation for the bourse. An official said this is due to a lack of public awareness and listed companies. Ming Bankosal, General Director of the CSX, said that as listed companies ...

http://www.phnompenhpost.com/index.php/2012101959319/Business/csx-six-months-down-the-line.html

Cyanide ‘found in samples’

A senior official at the Ministry of Environment said on Thursday analysis of blood samples from victims of Kratie province’s contaminated water incident earlier this month have confirmed the presence of cyanide, albeit at very low levels. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/cyanide-found-samples

Belt and Road could bring risks for Cambodia debt

China’s financing of Belt and Road Initiative projects in Cambodia could lead to increased debt distress, according to a recent analysis, though the Kingdom’s low overall debt makes it unlikely to default in the near future. ...

Robin Spiess
https://www.phnompenhpost.com/business/belt-and-road-could-bring-risks-cambodia-debt

Accounting standards miss mark

The first-ever study to measure compliance with Cambodia’s new Law on Accounting and Auditing found few companies willing to talk about their accounting practices, and a low rate of compliance among those that did.   ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/accounting-standards-miss-mark

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

Hot weather shakes up local salt sector

Unusually high yields of salt production in Kep and Kampot province have surpassed the market’s low demand, filling the nation’s salt storage facilities to capacity, the head of a local industry body said yesterday.   ...

Sor Chandara
http://www.phnompenhpost.com/business/hot-weather-shakes-local-salt-sector

Acleda launches smart phone app

Acleda Bank on Tuesday launched a smart phone app in an effort to reach low-income earners who do not use banks.​ Unity ToanChet, a Fin-Tech application, lets customers carry out transactions anywhere and at any time. ...

Sok Chan
http://www.khmertimeskh.com/news/37801/acleda-launches-smart-phone-app/

Flood problems continue

With rain pouring down for hours yesterday thanks to a low-pressure system, many Cambodians found their daily lives disrupted by severe flooding, with some taking to social media to criticise a poor flood management system in Phnom Penh. ...

Yon Sineat
http://www.phnompenhpost.com/national/flood-problems-continue

Poipet safe from water shortage, governor says

Poipet City’s governor said Thursday that residents did not need to worry that their taps could run dry, despite a warning earlier this week by the private company that provides the city’s water that supplies were running low. ...

Sek Odom
https://www.cambodiadaily.com/news/poipet-safe-from-water-shortage-governor-says-85458/

Assembly passes part of 2013 budget despite opposition

Sixty-seven CPP lawmakers on Monday approved the government’s revenues and expenditures from 2013 despite the protest of 43 opposition CNRP lawmakers, who said reported revenues were inordinately low and called on the government to carry out a transparent audit. ...

Kang Sothear
https://www.cambodiadaily.com/news/assembly-passes-2013-budget-despite-opposition-of-cnrp-86896/

Sokimex Plans High-Rise Condos for Peninsula

Sokimex Group is set to break ground on six high-rise condominium buildings in Phnom Penh. Originally suspended in 2010 by Sok Kong because of low demand, the project has now been green lit. Phnom Penh property prices fallen 50 percent since 2008. ...

Health sector on notice

Legal action will be taken against health institutes that offer a low quality of care, according to a directive issued by the Minister of Health last week, which also emphasized the importance of digital record keeping in the medical sector. ...

Mom Kunthear
http://www.khmertimeskh.com/news/26032/health-sector-on-notice/

Government signs first public housing MOU

A Cambodian and Singaporean firm signed a memorandum of understanding with the Ministry of Land Management Wednesday for the study and construction of public housing for low- and middle-income households around Phnom Penh, a first for the city if it comes off. ...

Kang Sothear
https://www.cambodiadaily.com/news/government-signs-first-public-housing-mou-98657/

Affordable houses for all

A public housing project, which aims to provide affordable housing for the lower middle class, low-income earners and state workers, is due to start at the end of the year after the completion of a study to determine its feasibility. ...

Sum Manet
http://www.khmertimeskh.com/news/26739/affordable-houses-for-all/

Revised rubber export tax scheme criticised

Rubber producers said yesterday the government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. ...

Sor Chandara
http://www.phnompenhpost.com/business/revised-rubber-export-tax-scheme-criticised

RDB closes bidding on rice storage facilities

The state-run Rural Development Bank (RDB) received a total of 10 proposals from Cambodian agricultural firms expressing interest in developing rice storage and drying facilities across three provinces using government-backed low-interest loans, a bank official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rdb-closes-bidding-rice-storage-facilities

Agriculture minister goes on defensive

Agriculture Minister Veng Sakhon yesterday defended his ministry amid complaints by farmers of low yields during dry season, rising costs of production and a lack of markets to sell their produce, saying that other ministries and sectors also shared responsibility. ...

Touch Sokha
http://www.phnompenhpost.com/national/agriculture-minister-goes-defensive

Asean property markets beckon investors

Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential property for rent in the Cambodian capital has posted the highest yield among all sectors at 8% per year. Selling prices remain relatively low, but rents are high. ...

Kanana Katharangsiporn
http://www.bangkokpost.com/business/news/1124901/asean-property-markets-beckon-investors

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