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Seaport debuts on stock market

Shares in Sihanoukville Autonomous Port (PAS), the state-owned enterprise that operates Cambodia’s only deep-sea port, debuted on Cambodia’s stock exchange yesterday after an initial public offering that raised $27 million.​ ...

Brian Ng and Hor Kimsay
http://www.phnompenhpost.com/business/seaport-debuts-stock-market

Bubble trouble downplayed

Government officials and industry insiders downplayed concerns about the sustainability of the construction and real estate sector yesterday, although they agreed that closer monitoring of the industry was needed to understand risks to the economy.At a meeting in Phnom Penh yesterday, officials from several ministries, ...

Siv Meng, Ananth Baliga and Sor Chandara
http://www.phnompenhpost.com/business/bubble-trouble-downplayed

MEF strengthens property data to analyse the development sector

“I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun Sokha, secretary of state for the Ministry of Economy and Finance, ...

Phnom Penh Post News Staff
http://www.phnompenhpost.com/real-estate/mef-strengthens-property-data-analyse-development-sector

Gov’t renews 70 casino and game of chance firms

The General Secretariat of Commercial Gambling Management Commission of Cambodia (CGMC) of the Ministry of Economy and Finance (MEF) has renewed the validity of 70 licenses to casino and game of chance companies nationwide in the second quarter of this year, according to a release ...

Kang Sothear
https://www.khmertimeskh.com/501135965/govt-renews-70-casino-and-game-of-chance-firms/

Brace for storm next week

The Ministry of Water Resources and Meteorology said that some areas in the Kingdom would be hit by a storm next week, especially the coastal provinces. Water Resources Minister Lim Kean Hor said that a high pressure system would have a weak influence on Cambodia and ...

Mom Kunthear
http://www.khmertimeskh.com/news/32426/brace-for-storm-next-week/

Wind storm whips O Meanchey province, destroys 80 dwellings

The Oddar Meanchey provincial Disaster Management Committee announced that one person was injured and 80 homes were damaged – along with the loss of the roof of a school – by heavy rain and strong winds on the evening of March 5. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/wind-storm-whips-o-meanchey-province-destroys-80-dwellings

Ambitious arts trial seeks to spark Cambodia’s creativity

A five-year pilot program is being created to integrate arts and culture into public schools throughout the country, and may help Cambodians develop a better understanding of their roots and the creative ability to take on global challenges. ...

Michelle Vachon
https://www.cambodiadaily.com/news/ambitious-arts-trial-seeks-to-spark-cambodias-creativity-123982/

New effort to get thousands of children into classrooms

More than 57,000 primary school-aged children across the country are currently missing out on an education, according to the Cambodian Consortium for Out of school Children (CCOSC), a new group set up to implement a major push to get young Cambodians into the classroom. officially ...

Holly Robertson
https://www.cambodiadaily.com/news/new-effort-to-get-thousands-of-children-into-classrooms-77033/

Lack of transparency hinders budget progress

On Monday, Prime Minister Hun Sen announced a new phase of the Public Financial Management Reform Program, a donor-assisted initiative established in 2004 to bolster the country’s ability to soundly manage its budget. In a speech at the launch event, he touted the government’s progress ...

Tej Parikh and Kang Sothear
https://www.cambodiadaily.com/news/lack-of-transparency-hinders-budget-progress-110437/

European Union Grants $54 Million to Cambodia

The European Union yesterday pledged to support Cambodia with three grants totaling $54 million, including one payment to help bolster the country’s ability to organize its public finances, officials announced at a press conference in Phnom Penh. “The E.U. will continue to support Cambodia with ...

Forums to help guide learning

Beginning this year, all public schools will be required to conduct regularly scheduled forums designed to function as a sounding board between teachers, parents and students, officials said yesterday. The meetings will encourage dialogue about what is and isn’t working in Cambodian schools, Education Minister Hang ...

Sen David
http://www.phnompenhpost.com/national/forums-help-guide-learning

Flood death toll up to 30

The National Committee for Disaster Management (NCDM) has said that 30 people have died so far in several provinces due to flooding triggered by heavy rainfall and the rising Mekong River. The weather-related disaster has forced thousands of families to be relocated to higher ground, ...

Voun Dara
https://www.phnompenhpost.com/national/flood-death-toll-30

World Bank backs $110 million national road upgrade

The World Bank is to lend Cambodia $110 million interest-free to restore the key national highway linking Phnom Penh to the country’s only deep-sea port. The loan was approved last week by the bank’s board of executive directors under the Road Asset Management Project II. ...

Chea Vannak
https://www.khmertimeskh.com/50504423/world-bank-backs-110-million-national-road-upgrade/

Ghosts in the machine

Private firms say costs, delays and bureaucratic red tape have increased since an obscure private company took over the government’s work-permit application and issuance system in September. The Ministry of Labour announced in August that it had outsourced work permit application processing to E-Solutions (Cambodia) Co ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/ghosts-machine

Investment on the rise nationwide

The dollar figure on government-approved investments in construction for the first eight months of the year increased by 92 per cent compared to the same period in 2010, according to official statistics. The Ministry of Land Management, Urban Planning and Construction approved 1,470 construction projects worth ...

http://www.phnompenhpost.com/index.php/2011100651979/Business/investment-on-the-rise-nationwide.html

Algae bloom was natural, says ministry

The Environment Ministry on Friday released its final study on the algal bloom that forced swimmers out of the water in Kep province in early April, stating no chemical substances were found in the bloom that would have negatively affected human or animal health. ...

Mom Kunthear
http://www.khmertimeskh.com/news/25239/algae-bloom-was-natural--says-ministry/

Tax revenue exceeds expectations following reforms

The General Department of Taxation (GDT) collected $1.93 billion in tax revenue last year, a 30 percent increase over 2016 and well above the government’s own projections, according to the department’s director, Kong Vibol.​ ...

Hor Kimsay
http://www.phnompenhpost.com/business/tax-revenue-exceeds-expectations-following-reforms

‘Tornado-like storm’ kills two

A mother and child were killed on Tuesday in what Russey Keo district residents described as a tornado-like storm that stripped off roofs, split trees and swept chairs and baby chicks into the skies. According to villagers, the unprecedented weather started with clouds thickening and turning ...

Khouth Sophak Chakrya and Laignee Barron
http://www.phnompenhpost.com/national/%E2%80%98tornado-storm%E2%80%99-kills-two

Tax dept launches mediation tool

The General Department of Taxation (GDT) has officially launched a mediation software tool to help with financial management information systems and tax data management. The purpose of introducing it is to modernise and automate revenue-sharing data between the tax data management and financial information. ...

Sorn Sarath
https://www.khmertimeskh.com/50766648/tax-dept-launches-mediation-tool/

Rein in market thuggery: PM

Prime Minister Hun Sen yesterday took a stand against intimidation and harassment at markets, ordering municipal and provincial governors to crack down on aggressive fee collectors they employ. Speaking at a graduation ceremony at the capital’s Royal School of Administration, Hun Sen distanced himself from what ...

Vong Sokheng
http://www.phnompenhpost.com/national/rein-market-thuggery-pm

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