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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/

Cambodian villagers ask for missing compensation for confiscated land

Eighteen Cambodian families whose land was confiscated for the construction of a Chinese hydropower dam in a northwestern province on Thursday requested that the local government and Chinese operator of the facility pay them compensation they are owed, said a local resident and an official ...

Morm Moniroth
http://www.rfa.org/english/news/cambodia/villagers-ask-for-missing-compensation-for-confiscated-land-09172015152530.html

Dumpsite at Samlot still awaits green light

Doubts have been cast on long-standing plans for a 34-hectare dumpsite in Pailin’s Samlot Protected Forest following an inspection by the environment minister on Saturday. Ministry spokesman Sao Sopheap yesterday said that following the inspection, the minister has called for further research before the project ...

Phak Seangly
http://www.phnompenhpost.com/national/dumpsite-samlot-still-awaits-green-light

Mass fainting hits Cerie garment factory again

A mass fainting incident occurred again yesterday at a Chinese-owned garment factory that supplies nighties, bras and children’s clothing to North American retail chain Hudson Bay, with more than 60 workers collapsing at the factory in Kampong Speu’s  Samrong Tong district, after about 40 collapsed ...

Mom Kunthear
http://www.khmertimeskh.com/news/18487/mass-fainting-hits-cerie-garment-factory-again/

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