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China sends more test kits

The Ministry of Health has ramped up its preparation to stem the spread of the deadly Covid-19 disease in the Kingdom thanks to help from the Jack Ma and Alibaba foundations which donated 20,000 test kits to the Kingdom. ...

Ry Sochan
https://www.phnompenhpost.com/national/china-sends-more-test-kits

Gov’t offers tax exemption

The government has issued a three-month minimum tax exemption for the aviation sector and an exemption on all types of monthly taxes for tourism operators, it said in a press release on Tuesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/govt-offers-tax-exemption

Officials to fetch water to Tamao Mountain National Park amid dry season

Many wildlife animals living in the Phnom Tamao National Park and Wildlife Rescue Center is facing the shortage of water during this dry season, yet the officials have fetched water from other places to supply the thirsty animals, according to the Forestry Administration. ...

Khouth Sophak Chakrya
https://bit.ly/2JCWJEe

New GDP prediction is not optimistic

The Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. ...

Sok Chan
https://www.khmertimeskh.com/50709859/new-gdp-prediction-is-not-optimistic/

Constitutional Council input needed

While the Senate is expected to debate and approve the “State of Emergency” law next week, if it is approved by the National Assembly on Friday, the question remains on who can declare a state of emergency since King Norodom Sihamoni is still in China ...

Ben Sokhean
https://www.khmertimeskh.com/50711147/constitutional-council-input-needed/

Pandemic brings real estate activity to near nil

The value of Cambodian real estate has not shown signs of decline in recent weeks, despite the Covid-19 pandemic bringing market activity to a virtual standstill, industry insiders said on Wednesday. ...

Hin Pisei
https://www.phnompenhpost.com/post-property/pandemic-brings-real-estate-activity-near-nil

PM mulling emergency as virus cases rise to 96

“I am looking at the possibility in Article 22 of the Constitution to request the King to declare a state of emergency. I don’t want to use it, but if my appeal [to the people] is ineffective, Article 22 of the Constitution will be used. ...

Phuon Chansereivuth and Niem Chheng
https://www.phnompenhpost.com/national/pm-mulling-emergency-virus-cases-rise-96

City bus, water taxi services shut down to prevent spread of coronavirus

The Phnom Penh Municipal Administration today temporarily closed public city bus and water-taxi service linking the northern part of Phnom Penh to Takhmao city in Kandal province via the Mekong River amid the COVID-19 outbreak. ...

Ben Sokhean
https://www.khmertimeskh.com/50706134/city-bus-water-taxi-services-shut-down-to-prevent-spread-of-coronavirus/

MoUs boost finance access for SME’s

The Agriculture and Rural Development Bank (ARDB) has signed Memorandums of Understanding (MoU) with the Cambodia Food Manufacture Association (CFMA) to disburse $50 million in loans from the government to small- and medium-sized enterprises (SME) for business expansion and productivity. ...

Thou Vireak
https://www.phnompenhpost.com/business/mous-boost-finance-access-smes

UNESCO list request could help dolphins

The ministries of Agriculture, Forestry and Fisheries, and Environment, as well as the World Wide Fund for Nature Cambodia (WWF Cambodia), will request the Anlong Kampi Irrawaddy dolphin conservation area in Kratie province be added to UNESCO’s World Heritage List. ...

Voun Dara
https://www.phnompenhpost.com/national/unesco-list-request-could-help-dolphins

Workers waiting for a bargain

Informal workers, a class that includes beer promoters, tuk tuk drivers and farmers, are among those who stand to benefit most from the upcoming trade-union law, observers say – and workers say it can’t come soon enough. Dave Welsh, country director of the American Center for ...

http://www.phnompenhpost.com/index.php/2012051156106/National-news/workers-waiting-for-a-bargain.html

MFIs defy typically slow first quarter

Total loans and deposits at the Kingdom’s microfinance institutions jumped in the first quarter of 2012 despite what is typically a slow season for the industry, insiders said yesterday. Loans outstanding reached US$708 million for the period ending on March 31, climbing 9.8 per cent from ...

http://www.phnompenhpost.com/index.php/2012050856024/Business/mfis-defy-typically-slow-first-quarter.html

Local property market best described as ‘flat’

Cambodia’s local property sector has been described as “flat” while condominiums and boreys are tagged to be the hardest hit during the COVID-19 pandemic because the listings will eventually need to be put up for sale under current market prices in the coming months, according ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50728836/local-property-market-best-described-as-flat/

Newest ASEAN fund may be out of reach for Cambodian govt

The ASEAN Infrastructure Fund, the largest pooling of financial resources among Southeast Asia’s 10-member bloc, held its first board meeting in Manila last week, but the extent to which Cambodia will borrow from the non-concessional fund has yet to be determined, experts said. ASEAN countries and ...

http://www.phnompenhpost.com/index.php/2012050756005/Business/newest-asean-fund-may-be-out-of-reach-for-cambodian-govt.html

Oddar Meanchey coal-fired plant 50% complete

Han Seng Coal Mine Co Ltd’s (HSCMC’s) 265MW coal-fired power station in Oddar Meanchey province’s easternmost Trapaing Prasat district is more than 50 per cent complete, with construction expected to be completed next year, provincial governor Pen Kosal said on Tuesday. ...

Hin Pisei
https://www.phnompenhpost.com/business/oddar-meanchey-coal-fired-plant-50-complete

Officials to return from Nauru Refugee Center Monday

A government delegation that traveled to the South Pacific island nation of Nauru last week to study the possibility of resettling in Cambodia some of the refugees Australia is currently holding there will return to Phnom Penh on Monday, a government official said. ...

Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/officials-to-return-from%E2%80%88nauru-refugee-center-monday-76357/

Doroshenko’s lawyer seeks bail; son vows legal action

A lawyer for Russian businessman Nikolai Doroshenko on Thursday requested bail for the 54-year-old, a day after he was arrested in Sihanoukville and imprisoned on fraud charges related to one of several disputes with fugitive developer Sergei Polonsky. ...

Khy Sovuthy
https://www.cambodiadaily.com/news/doroshenkos-lawyer-seeks-bail-son-vows-legal-action-80831/

PPWSA shuffle no surprise

Officials and securities firms yesterday showed little distress at the imminent retirement of Ek Sonn Chan, the man credited with straightening out and preparing the capital’s public water utility for its initial public offering in April. A letter from the Ministry of Industry, Mines and Energy ...

http://Phnom Penh Water Supply Authority shuffle no surprise

Partnership to drive food-processing

Khmer Enterprise, a unit under the Ministry of Economy and Finance (MEF), Cambodia Australia Agricultural Value Chain Program (CAVAC), and the Institute of Technology of Cambodia (ITC), inked a partnership agreement to driving food-processing innovations through small and medium enterprises (SMEs) in the Kingdom. ...

Sok Chan
https://www.khmertimeskh.com/50730161/partnership-to-drive-food-processing/

No power shortage during dry season: Ministry

The Ministry of Mines and Energy said there is no shortage of electricity during this year’s dry season as compared to last year. Even so, the ministry said it would continue to boost electricity access in all households across the country by at least 78 ...

Pech Sotheary
https://www.khmertimeskh.com/50716106/no-power-shortage-during-dry-season-ministry/

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