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Rubber decline stokes worry

The government and industry insiders are worried about the steady decline of rubber prices over the last three years, during which the area it is cultivated in has grown. “Farmers and investors raised concern . . . over the trend of the market and the price of natural ...

Chan Muyhong
http://www.phnompenhpost.com/business/rubber-decline-stokes-worry

Luxury resort looks for new lease of life with redesigned blueprint

A new blueprint for the long-delayed Snake Island (Koh Pos) resort development off the coast of Sihanoukville will soon be completed, and investment of up to $1 billion is hoped to kick-start the project, which has a planned completion date of 2018, according to the ...

Siv Meng
http://www.phnompenhpost.com/real-estate/luxury-resort-looks-new-lease-life-redesigned-blueprint

Fire destroys 22 homes in Meanchey District

A raging fire in Phnom Penh’s Meanchey district destroyed 22 homes early Wednesday morning as local villagers struggled to quell the flames and firefighters scrambled to gain access. At about 1 a.m., an electricity line snapped and sparked the fire, Phnom Penh Fire Department bureau chief ...

Sek Odom
http://www.cambodiadaily.com/news/fire-destroys-22-homes-in-meanchey-district-57866/

Porsche dealership to open

The newly appointed local distributor of German carmaker Porsche broke ground yesterday on a $2 million dealership that is set to open within eight months across from the Phnom Penh International Airport on Russian Boulevard. Equipped with four service bays, the planned Porsche Centre Phnom Penh ...

Eddie Morton
http://www.phnompenhpost.com/business/porsche-dealership-open

Sihanoukville struggles to shake its seedy image

This tourist town counts itself among the Most Beautiful Bays in the World Club and more than 1 million tourists each year are drawn to its tropical water and sandy shore. Yet when the U.S. Embassy last month warned its citizens to avoid some beaches ...

Ouch Sony and Simon Henderson
http://www.cambodiadaily.com/news/sihanoukville-struggles-to-shake-its-seedy-image-66108/

Protests continue at Kompong Cham factory

About 2,000 workers from the Chinese-owned Juhui Footwear factory in Kompong Cham province began a fresh round of protests on Friday and Saturday over claims that the factory is refusing to rehire unionists who were fired during a strike earlier this month, a provincial official ...

Ben Sokhean
http://www.cambodiadaily.com/news/protests-continue-at-kompong-cham-factory-68565/

Journalist investigating illegal logging shot dead

A 49-year-old journalist reportedly investigating illegal logging in Kratie province was shot dead early Sunday morning. Within hours, police arrested three men—a commune police chief, a military police officer and a Royal Cambodian Armed Forces (RCAF) soldier—for the murder, officials said. Taing Try, who contributed to ...

Saing Soenthrith and Simon Henderson
http://www.cambodiadaily.com/news/journalist-investigating-illegal-logging-shot-dead-69629/

Cambodian Red Cross swaps Siem Reap office

The Siem Reap provincial office of the Cambodian Red Cross has swapped land with a private company, moving from a prime spot in the heart of Siem Reap City to a cheaper plot 8 km away and on the outskirts of town, officials said Tuesday. ...

Kuch Naren
http://www.cambodiadaily.com/news/cambodian-red-cross-swaps-siem-reap-office-72129/

Bank sector at risk: S&P

The National Bank of Cambodia (NBC) lacks the resources to enforce regulatory standards and bail out underperforming banks during times of need, credit ratings agency Standard & Poor’s says. Cambodia’s banking sector was labelled high-risk, with a score of nine out of 10 on S&P’s2014 Banking ...

Eddie Morton
http://www.phnompenhpost.com/business/bank-sector-risk-sp

SEZs investment potential relies in infrastructure

In 2005, after special economic zones (SEZs) were formally introduced in Cambodia through a sub-decree, Svay Reing’s Manhattan SEZ became the first to began construction the same year. The Sihanoukville SEZ remains Cambodia’s largest with over 1,000 hectares in the area. The $320 million development is ...

James Whitehead
http://www.phnompenhpost.com/real-estate/sezs-investment-potential-relies-infrastructure

Arbitration Council receives funds from the US, Sweden

The Arbitration Council said on Thursday that it handled 2,882 cases from 2003 to 2019, which affected over 1.11 million workers in the industrial and service sectors across the country. Of these, it found solutions to 75 per cent of the cases, said Arbitration Council Foundation ...

Voun Dara
https://www.phnompenhpost.com/national/arbitration-council-receives-funds-us-sweden

ICRC races to prevent virus transmission in prisons

The International Committee of the Red Cross in Phnom Penh on Friday donated 20 tonnes of health care, hygiene and sanitation supplies to the Directorate General Prison at the Correctional Centre 1. The humanitarian aid aims to assist the General Department of Prisons in preventing ...

Som Kanika
https://www.khmertimeskh.com/50712382/icrc-races-to-prevent-virus-transmission-in-prisons/

Geopacific Resources could have unearthed major gold copper system in Cambodia

Geopacific Resources’ (ASX: GPR) may have discovered a major gold and copper system from drilling in Cambodia which on the results could yet get bigger. Standout results from preliminary gold assays from follow-up RC drilling at the 150 Prospect have extended the strike length of high ...

Proactive Investors News Staff
http://www.proactiveinvestors.com.au/companies/news/54565/geopacific-resources-could-have-unearthed-major-gold-copper-system-in-cambodia-54565.html

Traffic fine increase gets green light

Nearly a year after being signed into law, Cambodia’s new traffic code is just weeks from finally being enforced.National Police chief Neth Savoeun yesterday said that drivers have had plenty of notice, and the time for implementation has come. As of January 1, fines for ...

Taing Vida and Igor Kossov
http://www.phnompenhpost.com/national/traffic-fine-increase-gets-green-light

Cambodia exports two million tonnes of agricultural products in first five months

A total of 1.9 million tonnes of agricultural products have been exported in the first five months of this year, a 7 percent increase compared to the same period last year. Of the total exported agricultural products, milled rice was accounted for about 350,000 tonnes, ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50736330/cambodia-exports-two-million-tonnes-of-agricultural-products-in-first-five-months/

Exports climb 20% on $14B worth of Cambodian goods

Cambodia exported $14.1 billion worth of goods in the first nine months of this year, up 20.07 per cent from the same period last year, despite Covid-19’s production-chain disruptions and its impact on global demand, the Ministry of Economy and Finance reported. ...

Thou Vireak
https://www.phnompenhpost.com/business/exports-climb-20-14b-worth-cambodian-goods

Deadline set for telecom operators to hand over data

The Ministry of Post and Telecommunications (MPTC) has asked the nations’ telecom operators to connect to its Data Management Centre (DMC) by January 1, 2021. Based on the telecom laws, all operators and stakeholders involved in telecom must provide data service information to the MPTC. ...

Jason Boken
https://www.khmertimeskh.com/50794919/deadline-set-for-telecom-operators-to-hand-over-data/

CDC okays new $13M projects

The government approved three projects worth a total of $13.5 million last week, bringing the total number of projects in the first three weeks of this month to nine with total investment value of $1.1354 billion, the Council for the Development of Cambodia (CDC) said ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-new-13m-projects

Agri-exports surge 55% in Jan-Feb

Cambodia exported a total of 1,599,922.37 tonnes of major non-milled-rice agricultural products in the first two months of this year, an increase of 569,493.88 tonnes or 55.27 per cent compared to the same period in 2020, according to Minister of Agriculture, Forestry and Fisheries Veng ...

Thou Vireak
https://www.phnompenhpost.com/business/agri-exports-surge-55-jan-feb

Phnom Penh officials rehabilitates drainage canals to combat flooding

On June 22, a team from the Phnom Penh Capital Administration began the rehabilitation of 5 drainage canals with s combined length of 1 km in Sangkat Stung Meanchey 3, Khan Meanchey. The rehabilitation was done with the purpose of preventing the canals from overflowing ...

Khmer Times Staff
https://www.khmertimeskh.com/50879174/phnom-penh-officials-rehabilitates-drainage-canals-to-combat-flooding/

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