Report shows China demand will fuel growth of rice exports
Cambodia’s rice production and exports will likely continue to grow this year and next year despite low milling rates, buoyed by strong demand from China, according to a report from the United States Department of Agriculture (USDA). In the report released last week, the USDA ...
Robin Spiess
https://www.phnompenhpost.com/business/report-shows-china-demand-will-fuel-growth-rice-exports
Kingdom to get 25% local oil
Companies processing petroleum from Cambodia’s oilfields are required to provide a maximum of 25 per cent to meet local needs, according to a law that has been signed off by King Norodom Sihamoni on July 12. It was passed by the Senate in late June. ...
Niem Chheng
https://www.phnompenhpost.com/national/kingdom-get-25-local-oil
Garment, textile, footwear exports nearly $8B in Q1-Q3
Cambodia exported more than $7.97 billion worth of garment, textile and footwear (GTF) products in the first nine months of this year, up 13.18 per cent year-on-year from $7.044 billion, a report from the Ministry of Economy and Finance’s General Department of Customs and Excise ...
Thou Vireak
https://www.phnompenhpost.com/business/garment-textile-footwear-exports-nearly-8b-q1-q3
Toll expressway route unveiled
The Kingdom has settled on a route for a planned $2.5 billion high-speed toll road from Phnom Penh to the Vietnamese border in Bavet, the Ministry of Public Works and Transport and the Japanese International Cooperation Agency revealed in a seminar yesterday. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/toll-expressway-route-unveiled
Warning issued after Ponzi scheme busted
The Ministry of Interior and the Securities and Exchange Commission of Cambodia (SECC) issued a joint release yesterday announcing that investigations of Empire Big Capital Ltd (EBC) and related firms AIF and ICA showed the companies had engaged in investment fraud. ...
Post Staff
http://www.phnompenhpost.com/business/warning-issued-after-ponzi-scheme-busted
Ministry tells Banlung governor to undo market swap
The government yesterday ordered the governor of Banlung town in Ratanakkiri province to return the concession granting control of Banlung market back to its original holder after he tried to switch managers without the government’s permission. ...
Sen David
http://www.phnompenhpost.com/national/ministry-tells-banlung-governor-undo-market-swap
Ministry says arsenic levels in rice 'no problem'
The Ministry of Agriculture has played down the results of a study that found high levels of arsenic in some samples of locally grown rice. ...
Jack Davies
http://www.phnompenhpost.com/national/ministry-says-arsenic-levels-rice-no-problem
NBC reveals interbank fund payment service
The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/nbc-reveals-interbank-fund-payment-service
Drink a beer to save the planet
As a way to possibly boost funding for environmental protection in the Kingdom, Prime Minister Hun Sen yesterday floated the idea of an extra tax on cigarettes and alcohol. Speaking at a forum on the protection and conservation of natural resources in Phnom Penh, the prime ...
Chea Vannak
http://www.khmertimeskh.com/news/28792/drink-a-beer-to-save-the-planet/
Gov’t pledges to step up land titling pace
The government yesterday vowed to finish distributing all land titles currently under consideration by 2020.In a speech, Im Chhun Lim, the minister of Land Management, Urban Planning and Construction, said the government was committed to improving land security in Cambodia in its bid to address ...
Sen David
http://www.phnompenhpost.com/national/govt-pledges-step-land-titling-pace
Bonds starting to take shape
The Cambodian government is finalising legislation that would regulate the establishment of a corporate bond market, and plans to find a suitable private sector company to pilot the first issuance, officials said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/bonds-starting-take-shape
Brokers trading without licences
The Securities and Exchange Commission of Cambodia (SECC) has made slow progress in reining in unlicensed operations since issuing its first derivatives trading licence nearly a year ago. To date, only six licences have been issued, while at least as many unlicensed firms continue to ...
Kali Kotoski
http://www.phnompenhpost.com/business/brokers-trading-without-licences
Cambodia's construction sector attracts 1.53 bln USD investment in 8 months
Cambodia’s construction sector has attracted the investment of 1.53 billion U.S. dollars in the first eight months of 2012, a 74 percent rise compared with 881 million U.S. dollars at the same period last year, a report from the Ministry of Land Management, Urban Planning ...
http://news.xinhuanet.com/english/business/2012-09/17/c_131855799.htm
CSX wants more trading sessions
The Cambodia Securities Exchange (CSX) has requested adding four trading sessions to its two current sessions in the hopes of increasing trade volumes. The request, if approved by the Securities and Exchange Commission of Cambodia, could see new sessions added within a month. . ...
Cambodia to get more energy from Thailand
Thailand has committed to supplying additional energy to provinces on the Thai-Cambodia border, an official says. Tun Lean, director of the General Energy Department at the Ministry of Industry, Mines and Energy, said on Monday its Thai counterpart would supply an additional 40 megawatts of energy. For ...
A Hard Road To Phnom Penh For Marching Monks
Monks and their supporters marching to Phnom Penh on a 10-day “Peace Walk,” as part of International Human Rights Day, said Wednesday that pagodas along the way have repeatedly tried to shut them out, and they have scuffled with police on at least one occasion. About ...
Aun Pheap and Zsombor Peter
http://www.cambodiadaily.com/news/a-hard-road-to-phnom-penh-for-marching-monks-48600/
Protest against new wage of $95 is illegal: Labor Ministry
The Ministry of Labor and Vocational Training on Wednesday said that any activities made by the unions against the minimum wage of $95, agreed upon by the Labor Council, are against the law. After the wage talks yesterday, the Labor Council agreed to raise ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=Y2RjMDY1MWE5NTl
Details murky in Environment Ministry Phnom Penh land swap
In 2011, the Environment Ministry entered into a deal with the Ratana Cooperation and Construction company to swap its valuable 2,400-square-meter location on Sihanouk Boulevard in Phnom Penh’s Tonle Bassac commune for a 9,000-square-meter plot of land and a new headquarters 20 km away in ...
Khy Sovuthy
http://www.cambodiadaily.com/news/details-murky-in-environment-ministry-phnom-penh-land-swap-53323/
NTU and Temasek Foundation launch inaugural training programme for senior Cambodian administrators
Singapore’s Nanyang Technological University (NTU) and Temasek Foundation are launching a new training programme to train senior Cambodian government officials in public administration and governance. ...
Xinmsn News Staff
http://news.xin.msn.com/en/singapore/ntu-and-temasek-foundation-launch-inaugural-training-programme-for-senior-cambodian-administrators
Caltex strike deal doesn’t hold up
After Caltex managers allegedly reneged on an agreement to pay workers a $20 bonus to suspend a strike for two months, employees say they would only return if the deal is in writing. In a Friday meeting, the Cambodian Food and Service Workers Federation agreed with ...
Phak Seangly and Sean Teehan
http://www.phnompenhpost.com/national/caltex-strike-deal-doesn%E2%80%99t-hold