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Gov’t journo arrested over alleged extortion

A journalist from state news agency Agence Kampuchea-Presse (AKP) was arrested on Tuesday evening in Preah Vihear town after the owners of several local shops that make and sell wooden furniture and handicrafts accused him of extortion, provincial police officials said. Khat Hun, the director of ...

Mom Kunthear
http://www.phnompenhpost.com/govt-journo-arrested-over-alleged-extortion

Apsara mulls hike for Angkor Wat tickets

The Apsara Authority, the government entity that manages the ancient temple complex at Angkor, is studying the possibility of increasing ticket prices, stating that current prices are “low” when compared with similar destinations in other countries. Apsara is considering conducting a study as well to ...

Chan Muyhong
http://www.phnompenhpost.com/business/apsara-mulls-hike-angkor-wat-tickets

Hundreds protest against draft NGO law

NGOs brought about 300 people together in front of the National Assembly on Sunday to protest the pending passage of a law that would force all non-government groups and associations in the country to register and file regular reports with the state. Critics of the draft ...

Aun Pheap
https://www.cambodiadaily.com/news/hundreds-protest%E2%80%88against-draft-ngo-law-86753/

Keep those receipts: gov’t

Deputy Prime Minister Keat Chhon has demanded officials reveal just how much they are spending on state-funded trips overseas and what those trips are accomplishing, a move observers said was a long overdue bid for accountability in an often-abused system.In a letter dated July 10 ...

Taing Vida
http://www.phnompenhpost.com/national/keep-those-receipts-govt

$80 million requested from RDB for upcoming harvests

The Cambodia Rice Federation (CRF) has requested the state-run Rural Development Bank of Cambodia (RDB), reserve an additional $30 million to purchase paddy from the Kingdom’s rice farmers during the upcoming harvest seasons. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50701110/80-million-requested-from-rdb-for-upcoming-harvests

Cambodia Post earns $11 million in 2019

State-run Cambodia Post generated revenues of total $11 million in 2019, according to the Ministry of Posts and Telecommunication (MPT). This represents a drop on the $13.81 million revenue total in 2018. ...

Chea Vannak
https://www.khmertimeskh.com/50707623/cambodia-post-earns-11-million-in-2019/

Government declares e-governance now a top priority amid pandemic

The Government has stated its commitment to making e-governance a priority during the COVID-19 outbreak to ensure services remain timely and available, according to senior government officials.​ ...

Chea Vannak
https://www.khmertimeskh.com/50708895/government-declares-e-governance-now-a-top-priority-amid-pandemic/

PPWSA settles on IPO price

A price has been set for Phnom Penh Water Supply Authority’s initial public offering, according to the Securities and Exchange Commission of Cambodia, after what was reported to be a significantly oversubscribed book-building process. PPWSA will sell for 6,300 riel, or US$1.57, a share, putting the ...

http://www.phnompenhpost.com/index.php/2012032755267/Business/ppwsa-settles-on-ipo-price.html

Wind power on horizon

An 80MW wind power investment project in Kampot province will be ready to deliver electricity as soon as the developer completes negotiating a power purchase agreement with state-run electricity supplier Electricite du Cambodge (EdC). ...

Hin Pisei
https://www.phnompenhpost.com/business/wind-power-horizon

ARDB loans: More SMEs apply

Seven small and medium-sized enterprises (SMEs) have applied for $200,000 loans from the state-owned Agricultural and Rural Development Bank (ARDB), after it announced the launch of a $50 million fund for SMEs last month. ...

Thou Vireak
https://www.phnompenhpost.com/business/ardb-loans-more-smes-apply

US trade up 35% in Q1

Bilateral trade between Cambodia and the United States has been valued at $1.678 billion for the first quarter of 2020, representing a 35 percent increase compared with the same time last year, according to trade data from the US Government. ...

Chea Vannak
https://www.khmertimeskh.com/50720675/us-trade-up-35-in-q1/

Mondulkiri sanctuary land grabbers charged

In April, 13 suspects were charged in the Mondulkiri Provincial Court for encroaching on forest land in wildlife sanctuaries at Phnom Prich, Srepok, Nam Lear, and Keo Seima, said Ministry of Environment secretary of state and spokesperson Neth Pheaktra.​ ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/mondulkiri-sanctuary-land-grabbers-charged

CRF asks ministry for $30M increase to purchase paddy

The Cambodia Rice Federation (CRF) has asked the Ministry of Economy and Finance to disburse an additional $30 million through the state-owned Agricultural and Rural Development Bank (ARDB), its president Song Saran told The Post on Monday. ...

Thou Vireak
https://www.phnompenhpost.com/business/crf-asks-ministry-30m-increase-purchase-paddy

Port operator’s IPO share price set near high tide mark

Sihanoukville Autonomous Port (SAP), the state enterprise that operates Cambodia’s principal seaport, announced a share price of 5,040 riel ($1.26) yesterday for its upcoming initial public offering following a bookbuilding exercise that garnered a strong response from institutional investors. ...

Cam McGrath
http://www.phnompenhpost.com/business/port-operators-ipo-share-price-set-near-high-tide-mark

PPAP works to soften virus hit

Listed state-owned port operator Phnom Penh Autonomous Port (PPAP) has doubled down on its commitment to enhance its business performance during the global health crisis by reducing expenses and postponing non-urgent investment, director-general Hei Bavy told its annual meeting on Friday.​ ...

May Kunmakara
https://www.phnompenhpost.com/business/ppap-works-soften-virus-hit

Governor requested to reclaim land in Kampong Speu

A prominent environmental watchdog head has sent a letter to Kampong Speu provincial governor Vei Samnang requesting he reclaim 1,500ha that was encroached on in Oral district’s Tasal commune as state property. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/governor-requested-reclaim-land-kampong-speu

NA passes AJCEP-1st Protocol

The National Assembly on Monday approved the First Protocol to Amend the Agreement on Comprehensive Economic Partnership among Japan and Member States of the Association of Southeast Asian Nations (AJCEP – 1st Protocol). ...

Hin Pisei
https://www.phnompenhpost.com/business/na-passes-ajcep-1st-protocol

‘Single Portal’ integrated registration system welcomes nearly 50 firms

Forty-seven companies have successfully registered via a newly-launched information technology e-business registration platform as of the end of the second week of this month, Ministry of Economy and Finance secretary of state Phan Phalla said.​ ...

Thou Vireak
https://www.phnompenhpost.com/business/single-portal-integrated-registration-system-welcomes-nearly-50-firms

Acleda, CDB ink $130M credit facility pact

Acleda Bank Plc, Cambodia’s largest locally-owned commercial bank, has signed a $130 million long-term facility agreement with Chinese state-owned China Development Bank Corp (CDB), the world’s largest development bank by assets, it said in a press release on Friday. ...

Thou Vireak
https://www.phnompenhpost.com/business/acleda-cdb-ink-130m-credit-facility-pact

Crisis talks on threat to rice imports

The Commerce Ministry and Cambodia Rice Federation (CRF) had an urgent meeting about the USA Rice Federation to the The United States International Trade Commission (USITC) on the eliminating a trade benefit on rice imported to US including from Cambodia. ...

Sok Chan
https://www.khmertimeskh.com/50744806/crisis-talks-on-threat-to-rice-imports/

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