Up to 15 percent of logistics providers ‘heading for bankruptcy’
The Cambodia Freight Forwarders Association (CFFA) yesterday said the on-going COVID-19 pandemic is seriously damaging logistic providers, with about 10 to 15 percent heading for bankruptcy in the upcoming months. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50737975/up-to-15-percent-of-logistics-providers-heading-for-bankruptcy/
UK to make trade preference available to least developed countries
Garment Manufacturers Association in Cambodia (GMAC) yesterday announced that developing countries which are eligible, like Cambodia, will be able to get trade preference through the United Kingdom’s Generalised Scheme of Preferences (GSP) from January 1. ...
Sen Davith
https://www.khmertimeskh.com/50784702/uk-to-make-trade-preference-available-to-least-developed-countries/
Vietnam border markets on the cards for 2021
Prime Minister Hun Sen has ordered the Ministry of Commerce to work with Svay Rieng and Kampot officials to build two additional border markets in a bid to shore up border trade and enhance cooperation with Cambodia’s neighbour Vietnam. ...
Hin Pisei
https://www.phnompenhpost.com/business/vietnam-border-markets-cards-2021
First application for Growth Board IPO coming this month
The Cambodia Securities Exchange (CSX) is set to receive its first-ever initial public offering (IPO) approval application for a company to list on its Growth Board in more than five years since the secondary board was first launched. ...
Harrison White
https://www.khmertimeskh.com/50782645/first-application-for-growth-board-ipo-coming-this-month/
PPSP share buyback planned for mid-December
Phnom Penh Special Economic Zone (PPSP) will commence and execute its share buyback plan in the middle of December, if approved by the exchange and its regulator, according to information given to Khmer Times by the company’s management. ...
Harrison White
https://www.khmertimeskh.com/50789601/ppsp-share-buyback-planned-for-mid-december/
Koh Kong confronts encroachment on protected state land
Authorities in Koh Kong province are searching for the individuals who set up border posts on nearly 200ha of protected forest, with officials and activists claiming that powerful tycoons had hired local people to encroach on the land. ...
Voun Dara
https://www.phnompenhpost.com/national/koh-kong-confronts-encroachment-protected-state-land
Rubber exports are up but prices still remain elastic
Cambodia exported 179,621 tonnes of rubber in the first nine months of 2020, a jump of 3.78 per cent from the same period last year, according to data from the Ministry of Agriculture, Forestry and Fisheries. ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-are-prices-still-remain-elastic
CHRC responds to recent human rights criticisms
The Cambodia Human Rights Committee (CHRC) on Wednesday issued a press release on the situation of human rights, the implementation of democracy and the rule of law in Cambodia. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/chrc-responds-recent-human-rights-criticisms
After human drain from Sihanoukville, casinos follow suit
Sihanoukville is set to lose yet another casino as Century Entertainment international Holdings, formerly known as Amax international Holdings Limited, will relocate its gaming floor from Sihanoukville to the up and coming tourist spot of Dara Sakor in Koh Kong province. ...
Jason Boken
https://www.khmertimeskh.com/50770745/after-human-drain-from-sihanoukville-casinos-follow-suit/
Verifying the truth over border demarcation: PM orders probe into claims about lost land
Prime Minister Hun Sen yesterday ordered Cambodia Border Affairs Committee chairman Var Kimhong to meet with villagers at the demarcated border areas in Tboung Khmum province, who claimed their farmlands have been lost to Vietnam. ...
Kindergartens, primary schools due to reopen next month
The Education Ministry today gave green light to kindergartens and primary schools to reopen next month after more than three months of closures in a bid to stem the spread of COVID-19. ...
Som Kanika
https://www.khmertimeskh.com/50756863/kindergartens-primary-schools-due-to-reopen-next-month/
Passenger traffic slides down 67 percent while development of new airports boom
Cambodia’s three international airports handled 1.9 million air passengers in the first six months of this year, a 67.5 percent decrease from 6 million air passengers last year. ...
Chea Vannak /AKP
https://www.khmertimeskh.com/50747225/passenger-traffic-slides-down-67-percent-while-development-of-new-airports-boom/
No entry from two nations
Alarmed over the number of Covid-positive passengers coming in via Malaysia and indonesia, the government is temporarily suspending flights from both countries from August 1 until their infection rates decline. ...
Khann Chan Virak
https://www.khmertimeskh.com/50748812/no-entry-from-two-nations/
New $231M Pursat dam built
Groundwork is underway on South Korean-owned SPHP (Cambodia) Co Ltd’s massive $231 million Stung Pursat I hydroelectric dam in Pursat, provincial deputy governor Khoy Rida told The Post on Monday. ...
Thou Vireak
https://www.phnompenhpost.com/business/new-231m-pursat-dam-built
Gov’t finds 145 cases of fake news last month
The Fake News Monitoring Committee of the Ministry of information found 145 cases of fake news, incitement, social pollution and insults against the Kingdom’s senior leadership on social media in September. ...
Voun Dara
https://www.phnompenhpost.com/national/govt-finds-145-cases-fake-news-last-month
Land fraudster arrested for sale of protected area
The Phnom Penh municipal court charged and sentenced a woman to prison on September 18 for defrauding a man of $220,000 through the sale of 50 hectares of land in Preah Sihanouk province last year. ...
Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50764613/land-fraudster-arrested-for-sale-of-protected-area/
Prolonged VAT exemptions to benefit farmers
As revenues have soared, the General Department of Customs and Excise of Cambodia (GDCE) has opted not to impose new value-added taxes (VAT) on select agricultural equipment in policies set to take effect on January 1, next year. ...
Thou Vireak
https://www.phnompenhpost.com/business/prolonged-vat-exemptions-benefit-farmers
Development bank delivers $245mn to agri-sector producers, exporters, SMEs
A senior executive of the state-owned Agriculture Rural Development Bank (ARDB) said the financial institution has released $245 million to rice millers and exporters, the livestock sector and small and medium enterprises (SMEs) in the agriculture sector. ...
Power grid upgrades expand service, improve reliability
State-run electricity utility Electricite du Cambodge (EDC) has inaugurated a new substation and 230kV high-voltage transmission line in Tbong Khmum province as part of the government’s efforts to promote electrical-grid stability for the public and industries. ...
Thou Vireak
https://www.phnompenhpost.com/business/power-grid-upgrades-expand-service-improve-reliability