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$30B casino, theme park project mooted

MQ Technology Bhd, a Malaysian investment holding company, is looking to form a joint venture with a newly formed entity, Cambodian Resorts and Entertainment Co Ltd, to build a $30 million casino and theme park in Prey Veng province near the Vietnamese border, according to ...

Kali Kotoski
http://www.phnompenhpost.com/business/30b-casino-theme-park-project-mooted

Beer tops advertising budgets

Beer advertising is one of the fastest growing advertising segments in the Kingdom, though just as people often struggle to keep track of how many beers they have put away, the amount that local breweries and distributors actually spend on media placements is subject to ...

Lay Samean
http://www.phnompenhpost.com/business/beer-tops-advertising-budgets

$5 mil Smart fund launched for start-ups

Smart Axiata, Cambodia’s leading telecommunications company, yesterday launched a $5 million venture capital fund for digital service companies and start-ups in the country. The Smart Axiata Digital Innovation Fund aims to meet demands for cash and expertise as the number of Cambodian digital entrepreneurs increases rapidly. ...

Chea Vannak
http://www.khmertimeskh.com/news/37001/-5-mil--smart-fund-launched-for-start-ups/

Online trademarks go live

The Ministry of Commerce is urging local and foreign businesses to register their trademarks in Cambodia via a new online system.Commerce Minister Pan Sorasak said the system will serve both the public and private sector and make it easier for organisations to protect their intellectual ...

Sok Chan
http://www.khmertimeskh.com/news/38781/online-trademarks-go-live/

‘Law needed’ on campaign spending

The amount of money political parties spent on the campaign trail ahead of yesterday’s nationwide commune elections varied wildly, with observers and party members yesterday blaming the lack of a campaign finance law in Cambodia for what they characterised as the uneven playing field among ...

Yesenia Amaro
http://www.phnompenhpost.com/national/law-needed-campaign-spending

More condos on market as demand drops slightly

Phnom Penh is set to welcome a significant wave of condominium supply in 2017, with about 7,000 units due to be delivered by the end of this year.​​ However, the demand for condos appears to be dropping slightly, according to the latest report from CBRE. ...

Sum Manet
http://www.khmertimeskh.com/news/39724/more-condos-on-market-as-demand-drops-slightly/

Hun Sen promises weekly garment factory visits

Prime Minister Hun Sen announced on Friday that he will make weekly visits to garment factories across the country to better understand the demands and needs of workers, in what some observers said could be an attempt to appeal to potential voters before next July’s ...

Kong Meta
http://www.phnompenhpost.com/national/hun-sen-promises-weekly-garment-factory-visits

KPP head arrested for Facebook post criticising deployment of troops to Laos border

Khmer Power Party head and former convicted “terrorist” Sourn Serey Ratha was arrested yesterday over a Facebook post criticising the deployment of troops to the Laos border by suggesting that grunts in the field would suffer while the military’s leaders hung back to enjoy “money” ...

Meas Sokchea
http://www.phnompenhpost.com/national/kpp-head-arrested-facebook-post-criticising-deployment-troops-laos-border

Insiders say new concrete factories not enough to stabilise local sector

Four new Cambodian cement factories are set to come online in the near future, tripling the number of local producers, but insiders and officials this week maintained that even increased capacity will not significantly lower rates of cement imports to Cambodia due to prevailing high ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/insiders-say-new-concrete-factories-not-enough-stabilise-local-sector

Chinese New Year parties rise

Prime Minister Hun Sen yesterday said on his Facebook page that the number of people celebrating Chinese New Year in Cambodia is increasing.Mr Hun Sen said Cambodia now celebrates three New Year celebrations annually, including New Year’s Eve, and the Chinese and Khmer New Year. ...

Mom Sophon
http://www.khmertimeskh.com/50105458/chinese-new-year-parties-rise/

Koh Kong land dispute solved, ministry says

The Ministry of Land Management on Thursday morning said it has resolved two long-running land disputes between communities in Koh Kong’s Sre Ambel and Botum Sakor districts and two sugar companies owned by tycoon and ruling party Senator Ly Yong Phat involving more than 800 ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/koh-kong-land-dispute-solved-ministry-says-0

MFI credit firm to push deeper into Cambodia

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last ...

Post Staff
http://www.phnompenhpost.com/business/mfi-credit-firm-push-deeper-cambodia

Cambodia wins place on UN board of development

Cambodia has been elected as an executive board member of the United Nations Development Programme.A statement from the Ministry of Foreign Affairs said the country would hold the position for a three-year term, beginning in January 2018. ​ ...

Khy Sovuthy
http://www.khmertimeskh.com/news/38996/cambodia-wins-place-on-un-board-of-development/

Corrupt officials admit selling government land for profit

The head of the Preah Vihear Provincial Department of Mines and Energy admitted to illegally selling a plot of government land for $62,400 in profit at the Phnom Penh Municipal Court yesterday, but called for a lighter sentence, claiming he used the money to help ...

Niem Chheng
http://www.phnompenhpost.com/national/corrupt-officials-admit-selling-government-land-profit

Amru Rice signs deal with Preah Vihear farmers

Amru Rice, one of Cambodia’s largest rice exporters, signed a contract farming purchase agreement with 4,000 organic rice farmers in Preah Vihear province, reserving about $7 million to purchase nearly 20,000 tonnes of organic paddy during the upcoming harvest season, according to a press release ...

Hor Kimsay
http://www.phnompenhpost.com/business/amru-rice-signs-deal-preah-vihear-farmers

Authorities create kidnapping hotlines

The Interior Ministry’s Central Security Department yesterday announced two hotlines for the public to report possible kidnappings after a spike in Facebook comments about parents losing their children. According to a statement issued yesterday, the purpose of the hotlines is to assist authorities with locating ...

May Titthara
http://www.khmertimeskh.com/news/40318/authorities-create-kidnapping-hotlines/

NBC unveils online trading platform

In order to promote interbank transactions and lending, the National Bank of Cambodia (NBC) has officially launched a new online platform which allows financial operators to apply for and trade the central bank’s financial instruments like negotiable certificates of deposits (NCDs), liquidity-providing collateralised operations (LPCOs) ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-unveils-online-trading-platform

CPP plans to reallocate legislative, local council seats get assembly nod

With the fate of the CNRP still in the Supreme Court’s hands, the National Assembly yesterday paved the way for all of the main opposition party’s seats to be handed over to a smattering of smaller parties and, at the local level, to the ruling ...

Mech Dara and Andrew Nachemson
http://www.phnompenhpost.com/national/cpp-plans-reallocate-legislative-local-council-seats-get-assembly-nod

Millers start to make use of $50M emergency rice fund

The government has already provided $9 million from its emergency rice loan fund to the Kingdom’s rice millers since the harvest season began in September, nearly triple the amount it provided when it first launched the initiative last year when millers showed little appetite for ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-start-make-use-50m-emergency-rice-fund

Plan to defeat hunger

The government has unveiled four strategies to eliminate malnutrition in the country, especially among children. Prime Minister Hun Sen is enlisting state institutes, partners and NGOs to join the fight to eliminate malnutrition as the country holds national nutrition day today. ...

Sen David
http://www.khmertimeskh.com/5089136/plan-defeat-hunger/

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