Jimei Intl Cambodia plan likely in Sihanoukville: analyst
The ‘entertainment resort’ that Hong Kong-listed casino junket investor Jimei International Entertainment Group Ltd wants to develop in Cambodia is likely to be located in the coastal resort town of Sihanoukville (pictured), on the Gulf of Thailand, says Union Gaming Securities Asia Ltd. ...
Newsdesk
http://www.ggrasia.com/jimei-intl-cambodia-plan-likely-in-sihanoukville-analyst/
Authorities clear furniture from Sihanoukville beach—again
Outdoor tables and chairs belonging to bars and restaurants on Sihanoukville’s Serendipity Beach were removed by local authorities on Tuesday as part of a campaign to beautify the city’s beaches by ridding them of illegal commercial activity, an official said on Wednesday. ...
Peter Ford and Buth Kimsay
https://www.cambodiadaily.com/news/authorities-clear-furniture-from-sihanoukville-beach-again-111301/
Shop slapped with fine to lose timber stock
The owner of a luxury timber shop in Phnom Penh was fined 64.189 million riel (about $16,047) in absentia yesterday after being convicted of transporting, trading and stocking timber without authorization from the Forest Administration, according to court officials. ...
Buth Reaksmey Kongkea
http://www.khmertimeskh.com/news/25019/shop-slapped-with-fine-to-lose-timber-stock/
Cambodia’s leopards facing extinction by 2018: expert
Cambodia’s population of spotted Indochinese leopards will be extinct by 2018 unless action is taken to deal with the “snaring crisis” in Mondolkiri province, where the few remaining leopards live, according to the author of a forthcoming paper on the issue. ...
Peter Ford
https://www.cambodiadaily.com/news/cambodias-leopards-facing-extinction-by-2018-expert-113182/
PPSP begins trading on stock exchange
Shares in Phnom Penh SEZ debuted on Cambodia’s nascent stock exchange yesterday morning, ending the day at 2,890 riel ($0.71), down slightly more than 3 per cent from its opening price of 2,980 riel after an underwhelming level of trading. ...
Kali Kotoski
http://www.phnompenhpost.com/business/ppsp-begins-trading-stock-exchange
IFC banking on smart graduates
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $13 million loan to support a higher education campus for the Acleda Institute of Business that will help raise education standards, enhance students’ employability and encourage sustainable economic growth. ...
Sum Manet
http://www.khmertimeskh.com/news/25667/ifc-banking-on-smart-graduates/
Poverty causes trafficking to China, says report
A report published last week by the UN Action for Cooperation Against Trafficking in Persons (UN-ACT) says the main cause of human trafficking from Cambodia to China was a lack of jobs and low wages, forcing many young women to look at opportunities abroad. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/29214/poverty-causes-trafficking-to-china--says-report/
NGO files suit over ‘seizures’ in Phnom Oral
A Kampong Speu-based NGO has accused a police officer and several rangers working for the provincial Environment Department of seizing more than 100 hectares of Phnom Oral Wildlife Sanctuary, demanding a court order to restore the land and hold the parties to account. ...
Phak Seangly
http://www.phnompenhpost.com/national/ngo-files-suit-over-seizures-phnom-oral
Watchdog calls out firm for marketing formula
An aggressive marketing campaign for a New Zealand brand of breast milk substitute – including giveaways to new parents in a hospital – has been condemned as “appalling” and “completely illegal” by a body that monitors Cambodia’s strict rules on the marketing of formula milk. ...
Jamie Elliott
http://www.phnompenhpost.com/national/watchdog-calls-out-firm-marketing-formula
ASEAN creates 'community' encompassing 600+ million people
Leaders of the 10-member Association of Southeast Asian Nations (ASEAN) Sunday signed a declaration establishing a formal economic, political, security and socio-cultural community. The AEC is set to become fully functional December 31. ...
Steve Herman
http://www.voacambodia.com/content/asean-economic-community/3069046.html
Two security guards shot outside Phnom Penh nightclub
Two nightclub security guards have been hospitalized with bullet wounds after a drunken reveler shot them with an AR-15 rifle in front of the Manhattan Cafe club in central Phnom Penh in the early hours of on Monday morning, military police officials said. ...
Khy Sovuthy
https://www.cambodiadaily.com/news/two-security-guards-shot-outside-phnom-penh-nightclub-105052/
Organics finding a following
As Phnom Penh sees a sprouting of organic grocery stores across the city, the newest entrant in the market says it will go a step further and sell chemical-free pesticides to farmers to encourage the growing trend of organic products and farming techniques. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/organics-finding-following
Government waives 10 percent VAT for rice
The government decided to drop a 10 percent value added-tax (VAT) for rice products during a meeting on Wednesday between representatives of the rice sector and government officials at the Council for the Development of Cambodia in Phnom Penh, officials said. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-waives-10-percent-vat-for-rice-110676/
Ambassador to Australia faces graft claims
Cambodia’s ambassador to Australia was told by the Ministry of Foreign Affairs on Wednesday to respond to allegations that he and his staff have been illegally selling large quantities of tax-exempt alcohol and tobacco to a store in Melbourne. ...
Khy Sovuthy and Taylor O'Connell
https://www.cambodiadaily.com/news/ambassador-to-australia-faces-graft-claims-112488/
‘Sealing’ program fights rampant tooth decay in children
The teeth of some 60,000 Cambodian children have been “sealed” to help prevent tooth decay under an oral health project that recently concluded, but many more continue to be in need of such service, given the country’s significantly high tooth-decay rate. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/sealing-program-fights-rampant-tooth-decay-children
Opposition wants logging stopped
After returning to parliament and ending a six-month boycott, members of the opposition asked the government to cooperate with Vietnam to close border crossings to stop the illegal export of luxury rosewood and other timber to stop deforestation which leads to climate change. ...
Taing Vida
http://www.khmertimeskh.com/news/32299/opposition-wants-logging-stopped/
Revenue rises at the Autonomous Port
Total revenue for the listed state-owned enterprise Phnom Penh Autonomous Port (PPAP) increased 7.49 percent by the end of December last year, giving it a net value of $16.5 million compared with $15.35 million a year earlier. ...
May Kunmakara
http://www.khmertimeskh.com/news/37268/revenue-rises-at-the-autonomous-port/
More than 50 dead in holiday traffic accidents
More than 50 people died and 200 were injured in 121 traffic accidents during the five days of Khmer New Year. According to an Interior Ministry report, 55 people were killed and 226 were injured, 126 of which were seriously hurt. ...
Mom Kunthear
http://www.khmertimeskh.com/news/37567/more-than-50-dead-in-holiday-traffic-accidents/
Rice exports show slow growth
Cambodian rice exports declined dramatically in March, causing the average export growth of the Kingdom’s dominant cash crop to increase by only 3 percent during the first quarter of this year, nearly wiping out the double-digit growth seen in January and February. ...
Hor Kimsay
http://www.phnompenhpost.com/business/rice-exports-show-slow-growth
Khmer New Year festival brings in more income
Angkor Sangkranta, Siem Reap’s largest cultural festival held over Khmer New Year, raked in a total income of $95 million on the back of 1.6 million domestic and international visitors, a 23 percent year-on-year increase, state news agency AKP said yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/khmer-new-year-festival-brings-more-income