Chinese firm to develop Transport Ministry land
The government has agreed to allow a Chinese company to develop more than 11 hectares of state land in Por Senchey district on condition that it constructs four new buildings and five warehouses for the Transport Ministry on nearly four hectares of land in Russey ...
Ros Chanveasna
https://www.khmertimeskh.com/50568905/chinese-firm-to-develop-transport-ministry-land/
China steel company relocates to Cambodia
Chinese state-owned iron and steel company China Baowu Steel Group Corp Ltd has unveiled plans to relocate its blast furnaces from Xinjiang Autonomous Region in the northwest of China to Cambodia, which will be the first overseas Baowu production plant, a Reuters report on Wednesday ...
Hor Kimsay
https://www.phnompenhpost.com/business/china-steel-company-relocates-cambodia
Agro giant denies rent overdue
Mong Reththy Group, one of the Kingdom’s largest agro-industrial conglomerates, insisted yesterday that it had settled arrears on its palm oil concession more than six months ago, contrary to local media reports stating the company owed concession rental fees dating back nearly 20 years. ...
Sor Chandara
http://www.phnompenhpost.com/business/agro-giant-denies-rent-overdue
Gov’t mulls suspending duty on rubber exports
The government will consider suspending its $50 per ton export duty on rubber following lobbying by local producers who say they are operating at a loss due to the sharp fall in global prices for the commodity, Agriculture Ministry secretary of state Eang Sophalleth said ...
Sum Manet
http://www.khmertimeskh.com/news/21714/gov---t-mulls-suspending-duty-on-rubber-exports/
PetroVietnam Suspends Kompong Thom Operation
Low oil prices and internal management changes have forced PetroVietnam Exploration Production Corporation (PVEP), a member of the state-owned Vietnam Oil and Gas Group, to suspend its operations in Kompong Thom, a senior official with the Ministry of Mines and Energy (MME) said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/23646/petrovietnam-suspends-kompong-thom-operation/
Exports up 20% in H1 on Europe purchases
Cambodian exports saw a nearly 20 per cent increase for the first half of the year, as garment shipments to the European Union led the way in making up for a decrease in exports to the United States, according to a new Ministry of Commerce ...
Sor Chandara
http://www.phnompenhpost.com/business/exports-20-h1-europe-purchases
Election-focused NGOs get big slice of EU grants
The European Union (EU) last week announced this year’s recipients of 8.2 million euros ($8.9 million) in grants to civil society, with much of the money going to nongovernmental groups whose stated goal is to make the country’s elections more open and inclusive. ...
Maddy Crowell
http://www.khmertimeskh.com/news/20817/election-focused-ngos-get-big-slice-of-eu-grants/
Angkor Wat continues to lure foreign tourists
Revenue from ticket sales at the Angkor Archaeological Park complex in Siem Reap province, the site of Angkor Wat, increased slightly during the first half of the year, compared to the same period in 2015, new figures from the state-run Angkor Institution show. ...
Post Staff
http://www.phnompenhpost.com/business/angkor-wat-continues-lure-foreign-tourists
PPAP seeks to generate $6.4M in IPO
The state enterprise that operates Cambodia’s second-largest port is looking to raise up to $6.4 million in its initial public offering (IPO) and float 20 per cent of its shares on the stock market in December, according to a company draft prospectus released yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/ppap-seeks-generate-64m-ipo
Third tranche of port shares snapped up swiftly
The third and final tranche of 1.8 million shares in Phnom Penh Autonomous Port’s (PPAP) recent initial public offering (IPO) sold out by the middle of last month, according to Hei Bavy, director general of the state-owned enterprise. ...
Sum Manet
http://www.khmertimeskh.com/news/18432/third-tranche-of-port-shares-snapped-up-swiftly/
GIZ pumps euros into workplace inspections
In a bid to reassure European shoppers concerned with unfair labour practices, Germany’s state aid agency GIZ has pledged €1.2 million ($1.3 million) to a new program focused on enhancing Cambodia’s labour inspections system for the garment sector. ...
Charles Rollet
http://www.phnompenhpost.com/national/giz-pumps-euros-workplace-inspections
Cambodia, Canada strengthen bilateral cooperation in garment sector
H.E. Ok Boung, Secretary of State at the Ministry of Commerce, held a discussion with H.E. Ms. Pottie Donica, Canadian Ambassador to Cambodia, on bilateral trade relations, mainly in garment sector, at the ministry office on Monday afternoon, said the ministry’s news release. ...
So Sophavy
http://www.akp.gov.kh/?p=107430
New cement plants to max out production capacity
Two large cement plants are expected to begin operations by the end of the year, according to a state official, who said the Kingdom has reached its limit for domestic cement production and the government will stop issuing new licences in order to protect dwindling ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/new-cement-plants-max-out-production-capacity
Security high ahead of Xi’s two-day visit
A total of 7,000 police officers, military police and soldiers will be deployed on the streets of Phnom Penh today and Friday to provide security for Chinese President Xi Jinping’s two-day visit to the country, his first since becoming head of state, officials said. ...
Vong Sokheng
http://www.phnompenhpost.com/national/security-high-ahead-xis-two-day-visit
Government officials, including PM, continue to dispute Post story on Germany's ending of preferential visa treatment
Prime Minister Hun Sen and a spokesman for the ruling party yesterday joined a chorus of government officials attacking the veracity of an article published by The Post on Monday stating that Germany had cancelled preferential visa treatment for private travel by certain high-ranking Cambodian ...
Leonie Kijewski
http://www.phnompenhpost.com/national/government-officials-including-pm-continue-dispute-post-story-germanys-ending-preferential
Thais ‘offer trains’ for new rail link
The Thai government has made a verbal commitment to supply four trains to Cambodia for a railway set to connect the neighbouring countries by early July, said Ly Borin, undersecretary of state at the Public Works and Transport Ministry and director of the Cambodia Railroad ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/thais-offer-trains-new-rail-link
US has new plan for UXO removal in Cambodia after cutting CMAC funding
One day after it was revealed that the United States would discontinue funding for the Cambodian government’s explosives removal body, the US Embassy said it would fund a separate “world-class removal program” in the eastern part of the country, following a competitive bidding process. ...
Ananth Baliga
http://www.phnompenhpost.com/national/us-has-new-plan-uxo-removal-cambodia-after-cutting-cmac-funding
Chevron drilling delay caused by US slowdown: lawmaker
Chevron Oil and Gas Co has delayed offshore oil drilling in Cambodia until 2016 mainly because of the economic slowdown in the United States, a senior lawmaker says. Cheam Yeap, chairman of the National Assembly Commission on Economy, Finance, Banking and Audit, said inadequate human resources ...
Customs agreement gets green light at NA
The National Assembly approved changes to the country’s customs law yesterday, in order to comply with Association of Southeast Asian Nations intergration standards. The changes demand border operations increase human resources, reduce paperwork and modernise procedures in order to simplify border exchange and facilitate trade between ...
May Kunmakara
http://www.phnompenhpost.com/business/customs-agreement-gets-green-light-na
Gov’t meets with landlords to discuss new electricity scheme
Less than a week after Prime Minister Hun Sen announced plans to reduce the price that migrant workers in Phnom Penh pay for electricity, the municipality hosted 12 public forums Monday to discuss a new payment scheme to be overseen by state operator Electricite du ...