Firm requests permission to restore riverbanks
Try Pheap Engineering & Construction Co Ltd has requested permission from Prime Minister Hun Sen to pump and restore the banks of the Mekong river, according to a Council of Ministers’ letter. The restoration area in question stretches from the Kaam Samnor Cambodia-Vietnam border checkpoint ...
Khorn Savi
https://www.phnompenhpost.com/national/firm-requests-permission-restore-riverbanks
Senator says he found fake treaty online
On the first day of his trial on Friday, opposition senator Hong Sok Hour—who was charged with forgery and incitement in August for posting a video to Facebook that showed a fake border treaty with Vietnam—denied having fabricated the document, saying that he found it ...
Khuon Narim
https://www.cambodiadaily.com/news/senator-says-he-found-fake-treaty-online-96336/
Government to take over Veng Sreng, stop collecting tolls
Less than a month after Phnom Penh Tollway began collecting money from commuters using the factory-lined Veng Sreng Boulevard in outer Phnom Penh, Prime Minister Hun Sen announced on Monday that the government would buy out the private firm and, as a New Year’s gift ...
Kuch Naren
https://www.cambodiadaily.com/news/government-to-take-over-veng-sreng-stop-collecting-tolls-104074/
Minister urges Turkey to launch direct flight
Cambodian Commerce Minister Pan Sorasak yesterday urged Turkey’s ambassador to follow through on a plan announced last year to establish direct flights as part of a push to enlarge bilateral trade to $500 million a year by 2020, from the current $108 million, the ministry ...
Post Staff
http://www.phnompenhpost.com/business/minister-urges-turkey-launch-direct-flight
Bitter market for local coffee
The Kingdom’s once-promising home-grown coffee industry has been laid low by adverse weather and fierce global competition, with the total area under coffee cultivation cut in half over the last three years as desperate farmers switch to other crops, a senior official at the Ministry ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bitter-market-local-coffee
Effigy disaster averted: Sar Kheng
A plan to burn an effigy of Prime Minister Hun Sen at a Cambodia National Rescue Party rally in the capital two years ago would have led to the deployment of heavily armed security forces had ex-US ambassador William Todd not intervened to stop the ...
Meas Sokchea and Taing Vida
http://www.phnompenhpost.com/national/effigy-disaster-averted-sar-kheng
Quach restructures, sets course for likely IPO
Mengly J. Quach Holdings (MJH), an umbrella for companies engaged in education, health care, food, media and financial services, is undergoing a restructuring and audit, and plans to spin off of its core educational arm ahead of a possible listing on the Cambodian stock exchange, ...
Cam McGrath
http://www.phnompenhpost.com/business/quach-restructures-sets-course-likely-ipo
Aggrieved villagers come to Phnom Penh for protest
About 100 residents of Preah Vihear province’s Choam Ksan district gathered at Phnom Penh’s restive Samakki Raingsey pagoda on Wednesday ahead of a planned march calling for justice in their long-running land dispute. ...
Aun Pheap
https://www.cambodiadaily.com/news/aggrieved-villagers-come-to-phnom-penh-for-protest-103757/
Germany gives $45m grant for development
Germany has given a grant to Cambodia worth $45.7 million to promote economic and social development in three ways. Three agreements were signed yesterday by Keat Chhon, first vice-chairman of the Council for the Development of Cambodia, and Joachim Baron von Marschall, the ambassador of the ...
Sum Manet
http://www.khmertimeskh.com/news/22537/germany-gives--45m-grant-for-development/
NagaCity Walk gives capital a taste of duty-free shopping
The NagaCity Walk, a $94 million subterranean shopping centre in Phnom Penh aimed at high-rolling tourists visiting the adjacent NagaWorld casino and hotel complex, held its soft opening yesterday, with duty-free luxury goods ranging from affordable tobacco, perfumes and designer watches to a $3,400 bottle ...
Kali Kotoski
http://www.phnompenhpost.com/business/nagacity-walk-gives-capital-taste-duty-free-shopping
Royal turtles get new home
More than 200 critically endangered royal turtles will be moved to a new center in Koh Kong’s Mondol Seima district today with 13 Siamese crocodiles also being relocated. Eng Mengey, communications officer for the Wildlife Conservation Society (WCS), said royal turtles were now facing threats to ...
Ven Rathavong
http://www.khmertimeskh.com/news/29655/royal-turtles-get-new-home/
Four more Nauru refugees may be on the way
The Interior Ministry will send a delegation to Nauru Island this month to interview another four asylum seekers who are considering resettling in Cambodia, a spokesman for the ministry said yesterday. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/16353/four-more-nauru-refugees-may-be-on-the-way/
Ratanakkiri court rejects petition over dispute
More than 200 people living on a contested plot of land in Ratanakkiri province on Thursday lodged a petition with the provincial court calling for the release of three community leaders who were convicted and jailed on Wednesday over a dispute with a wealthy businessman, ...
Aun Pheap
https://www.cambodiadaily.com/news/ratanakkiri-court-rejects-petition-over-dispute-102009/
Thai financial major Krungsri buys out Cambodian micro-lender HKL
Bank of Ayudhya Pcl (Krungsri), Thailand’s fifth largest financial group and a subsidiary of Japan’s leading financial group Mitsubishi UFJ Financial Group, has acquired a 100-per-cent stake of Hattha Kaksekar Limited (HKL), one of the leading microfinance institutions in Cambodia, for an undisclosed amount. ...
Chalida Ekvitthayavechnukul
http://www.dealstreetasia.com/stories/krungsri-acquires-cambodian-micro-financial-group-hkl-28704/
Thai princess to visit Kingdom next week
Thai Princess Maha Chakri Sirindhorn will travel to Cambodia for a three-day official visit next week, where she will meet with King Norodom Sihamoni, Prime Minister Hun Sen and attend multiple groundbreaking ceremonies at schools in Kampong Speu and Kampong Thom provinces, according to a ...
Ros Chanveasna
http://www.khmertimeskh.com/news/21417/thai-princess-to-visit-kingdom-next-week/
Rain and storms coming, says committee
More than 1,200 houses and buildings were affected and more than 70 people died or were injured by rainstorms and lightning in the first four months of 2016, according to Keo Vy, Cabinet director and a spokesman for the National Committee for Disaster Management (NCDM). ...
Mom Kunthear
http://www.khmertimeskh.com/news/24486/rain-and-storms-coming--says-committee/
Cargo projections fall short at capital port
Phnom Penh Autonomous Port (PPAP), which operates the capital’s river port, reported a decline in container traffic during the first quarter of the year, raising questions about the newly listed company’s ability to meet its double-digit revenue and earnings projections – though analysts say it ...
Cam McGrath
http://www.phnompenhpost.com/business/cargo-projections-fall-short-capital-port
Export cassava to Thailand, says ministry
Cambodia’s cassava growers have been asked to target Thailand as an export market due to the high demand for the starch-tuber in the neighboring country to produce ethanol, animal feed and flour, while little is done at home to stabilize prices and provide assistance to ...
Chea Vannak
http://www.khmertimeskh.com/news/26425/export-cassava-to-thailand--says-ministry/
IMF sees rapid credit growth as main risk to economy
Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the ...
Cam McGrath
http://www.phnompenhpost.com/business/imf-sees-rapid-credit-growth-main-risk-economy
CRF wants to track rice loans
The Cambodia Rice Federation (CRF) has submitted a proposal to the government for the setting up of a joint executive financial committee to ensure that the $27 million emergency loan to rice millers to purchase paddy rice from farmers, in a bid to prevent rice ...
Sok Chan
http://www.khmertimeskh.com/news/30381/crf-wants-to-track-rice-loans/