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Heavy rains to continue

Five days of heavy rain flooded rice fields in Prey Veng and Svay Rieng provinces and some residential areas around Phnom Penh, causing capital residents to question when the city’s long-in-the-works sewage upgrade will finally be completed. More rainfall is expected to flood the country’s northern ...

Khouth Sophak Chakrya and Cristina Maza
http://www.phnompenhpost.com/national/heavy-rains-continue

Siemens urges gov’t to boost power grid

Cambodia needs to focus on solidifying its national grid and shoring up its energy efficiency and transmission lines before expanding into more costly renewable technology, a visiting executive of German engineering giant Siemens said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/siemens-urges-govt-boost-power-grid

New bourse rules to lure SMEs

Cambodia’s market regulator has released listing criteria for a new trading platform – with reduced accounting and capital requirements – aimed at making it easier for small- and mid-sized firms to list on the fledgling stock exchange, Sok Dara, deputy director general of the Securities ...

Sor Chandara and Ananth Baliga
http://www.phnompenhpost.com/business/new-bourse-rules-lure-smes

Chinese firm intends to list on CSX in 2016

Hong Kong-based developer Eastland Development (HK) Ltd has expressed interest in listing on Cambodia’s stock exchange within a year.Sam Yang, the company’s chief executive, said during a recent company promotional event that Eastland is working with a local underwriter to prepare to float shares on ...

Sor Chandara
http://www.phnompenhpost.com/business/chinese-firm-intends-list-csx-2016

New firm seeks to enter gold trading

Golden FX Link (Cambodia) has joined in the running to become a legally licensed firm to trade derivatives. With a registered capital of $5 million, Lawrence Kook, Director of Golden FX Link, said that the company received a license in principle from the Securities and ...

Cheng Sokhorng and Kali Kotoski
http://www.phnompenhpost.com/business/new-firm-seeks-enter-gold-trading

Nearly 600 repatriated in nine months

In the first nine months of the year, the Ministry of Foreign Affairs and Cambodian embassies abroad have helped nearly 600 Cambodians who went to live and work abroad, legally or illegally, to return home. Foreign Ministry spokesman Chum Sounry said yesterday that the ministry and ...

Mom Kunthear
http://www.khmertimeskh.com/news/30461/nearly-600-repatriated-in-nine-months/

Online vehicle registration and driving tests launched

The Ministry of Public Works and Transport officially launched a pair of new websites yesterday that will allow Cambodians to register their vehicles as well as take the written portion of their driver’s exam online. ...

Sen David and Andrew Nachemson
http://www.phnompenhpost.com/national/online-vehicle-registration-and-driving-tests-launched

Workers unite in devotion to making vote count

Union leaders have admitted they were surprised at the high number of factory workers who returned to the provinces from Phnom Penh to cast their vote in the commune elections. ...

Mom Kunthear
http://www.khmertimeskh.com/news/39042/workers-unite-in-devotion-to-making-vote-count/

Thousands of Cambodians going to work abroad every month

Up to 10,000 Cambodians seek legal employment abroad every month, according to a Labor Ministry official, and some civil society groups are not pleased with the large exodus of workers from the country. Labor Minister Ith Samheng told reporters on Wednesday that the government sends thousands ...

Mom Kunthear
http://www.khmertimeskh.com/news/31111/thousands-of-cambodians-going-to-work-abroad-every-month/

Local bond market on the horizon

The government is preparing legislation to regulate the establishment of a corporate bond market that would give local companies a new debt instrument to raise capital for their operations or expansion. ...

Brian Ng
http://www.phnompenhpost.com/business/local-bond-market-horizon

Efforts to formalise SMEs fall short

The Cambodian government has made negligible progress in bringing small- and medium-size enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent increase in the total number of companies registered in the last five years – a sign business professionals claim shows that ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/efforts-formalise-smes-fall-short

SMEs look for help against imports

Local small- and medium-size enterprises (SMEs) met with government officials yesterday and accused them of not doing enough to support domestic products against a flood of imports while multiple officials claimed that they could provide little assistance unless businesses were properly registered. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/smes-look-help-against-imports

Police Have Not Enforced Traffic Laws for Four Months

Traffic police across the country have still not resumed enforcing traffic laws after a pre-election enforcement moratorium that was meant to last just a few weeks ahead of the July 28 poll, according to government and U.N. officials. “The superiors ordered [police] to stop, for a ...

Khuon Narim and Joshua Wilwohl
http://www.cambodiadaily.com/news/police-have-not-enforced-traffic-laws-for-four-months-47521/

Cambodia earns 532 mln USD tax revenue in H1

Cambodia collected 532 million U.S. dollars in tax revenue during the first half of 2014, up 13 percent over the same period last year, said a news statement released by the General Department of Taxation on Wednesday. The revenue came from an increase in income taxes, ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-07/23/c_133505529.htm

Vets protest unpaid pensions

After protesting in front of government offices yesterday, more than 60 retired soldiers received pensions that had been withheld for close to a year. The 64 Preah Sihanouk veterans gathered in front of the Department of Social Affairs, Veterans and Youth Rehabilitation told the Post that ...

Meas Sokchea
http://www.phnompenhpost.com/national/vets-protest-unpaid-pensions

SECC plans same-day settlement on trading

The Securities and Exchange Commission of Cambodia (SECC) is planning new measures for trading on the local stock exchange that it says will encourage investors to trade more actively. Investors currently need to wait for six intervals – occurring every half-hour between 8.30am and 11.30am – ...

Hor Kimsay
http://www.phnompenhpost.com/business/secc-plans-same-day-settlement-trading

People to be allowed to use new Chroy Changvar bridge during Water Festival

Phnom Penh capital will open second Chroy Chanvar bridge temporarily for traffic from November 1st for the celebration of Water Festival, an official at Ministry of Public Works and Transport, said Monday. ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/people-to-be-allowed-to-use-new-chroy-changvar-bridge-during-water-festival-7562

Cambodia's January-October tax revenue up 19 pct

Cambodia collected 884 million U.S. dollars in taxes in the first ten months of 2014, a 19 percent increase over the same period last year, said a statement of the General Department of Taxation on Monday. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-11/17/c_133795928.htm

Presence of Vietnamese goods limited in regional market

Many types of Vietnamese goods have faced strong competition of imported products from nations in the Southeast Asian region, while local businesses have met difficulties in broadening the presence of their products in these markets. For the last ten years, many businesses in Ho Chi Minh ...

Thuy Hai
http://www.saigon-gpdaily.com.vn/Business/Economy/2014/12/111809/

Cambodia exports 387,100 tons of rice in 2014; up 2% from previous year

Cambodia has exported about 387,100 tons of rice in 2014, up about 2% from around 378,856 tons exported in 2013, according to local sources. About 62% of rice exports were destined to Europe, according to sources at the Ministry of Agriculture. ...

Oryza News Staff
http://oryza.com/cambodia-exports-387100-tons-rice-2014-2-previous-year

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