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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

Green SEZ set for Svay Rieng town

Chinese-owned industrial park developer and operator QiLu (Cambodia) Special Economic Zone Co Ltd on Thursday signed a strategic partnership with Environmental Protection Industry Associations of Cambodia (Epiac). ...

May Kunmakara
https://www.phnompenhpost.com/business/green-sez-set-svay-rieng-town

News Analysis: GMAC lawsuit opens old wounds for unknown benefits

The decision by the Garment Manufacturers Association of Cambodia (GMAC) to file a lawsuit against the European Commission (EC) has reignited the ongoing struggle between Cambodia and the European Union (EU) to promote bilateral trade and uphold a political agenda. ...

Harrison White and Sok Chan
https://www.khmertimeskh.com/50769181/news-analysis-gmac-lawsuit-opens-old-wounds-for-unknown-benefits/

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/

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/

Upcoming holidays to be celebrated under tight security

Tighter security will be expected across the country in conjunction with the upcoming holidays, from August 17 to 21, which was set in lieu of the postponed Khmer New Year in April. ...

Ben Sokhean
https://www.khmertimeskh.com/50749968/upcoming-holidays-to-be-celebrated-under-tight-security/

Business cluster to boost economy

The  $30 million Worldbridge SME (small and medium enterprise) Cluster will break ground next month, according to a senior executive of Worldbridge Industrial Developments, the company behind the Industry 4.0 infrastructure.​ ...

Sok Chan
https://www.khmertimeskh.com/50762433/business-cluster-to-boost-economy/

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. ...

Sok Chan
https://www.khmertimeskh.com/50802809/development-bank-delivers-245mn-to-agri-sector-producers-exporters-smes/

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

Private clinics ordered to follow prescription rule

The Ministry of Health has again reminded all private health service providers to issue computer-printed prescriptions and results from laboratories after finding that some clinics still give patients handwritten paperwork which is not in accordance with medical regulations. ...

Mom Kunthear
https://www.phnompenhpost.com/national/private-clinics-ordered-follow-prescription-rule

Firm eyes Svay Rieng to set up tyre factory

According to a feasibility study revealed in a report published by Tyrepress Media, the tire-maker is interested in building a facility within Svay Rieng province’s QiLu (Cambodia) Special Economic Zone that is capable of making five million semi-steel radials a year. ...

Thou Vireak
https://www.phnompenhpost.com/business/firm-eyes-svay-rieng-set-tyre-factory

Cambodia’s exports to Vietnam increase

Cambodia’s exports to Vietnam rose in 2020 despite both nations imposing strict cross-border movement control to fight the pandemic. Data from the Ministry of Commerce showed Cambodia’s exports to Vietnam rising by 14.8 percent in 2020 to $385 million. ...

Chea Vanyuth
https://www.khmertimeskh.com/50825872/cambodias-exports-to-vietnam-increase/

Firm told to stop activities amid Kampot land dispute

The Kampot Provincial Administration has issued a letter instructing the So Nguon Group to suspend its clearing activities on disputed land in Dom Phdao village of Chhouk district’s Trapaing Phlaing commune. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/firm-told-stop-activities-amid-kampot-land-dispute

Ministry invites exporters to expo in east China

The Ministry of Commerce has invited businesses that wish to export to China to join a three-day virtual and in-person expo set to be held in eastern China’s Shandong province from April 27-29. ...

Hin Pisei
https://www.phnompenhpost.com/business/ministry-invites-exporters-expo-east-china

Families face water shortage as Banteay Meanchey river dries up

More than 4,000 families in an urban area of Banteay Meanchey province’s Mongkol Borei district are facing clean water shortages as the Mongkol Borei River has dried up due to farmers over-pumping water to irrigate their dry-season rice crops, officials said. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/families-face-water-shortage-banteay-meanchey-river-dries

ACLEDA bank to continue its SME support across 2021

President and Group Managing Director of ACLEDA Bank Plc In Channy has announced that the bank has reserved nearly $600 million for lending to the small and medium enterprises (SMEs) sector in Cambodia in 2021. ...

Sok Chan
https://www.khmertimeskh.com/50809009/acleda-bank-to-continue-its-sme-support-across-2021/

South Korea passes bill to ratify tax deal

The South Korean Assembly has passed a bill to ratify a double tax agreement (DTA) with Cambodia. Double Taxation Agreements (DTAs) are treaties between two or more countries to avoid international double taxation of income and property. ...

Jason Boken
https://www.khmertimeskh.com/50807137/south-korea-passes-bill-to-ratify-tax-deal/

Journalists barred from filming or recording police investigations

Effective from now, journalists are barred from filming or recording criminal cases that are still under investigation by police.​ The directive was issued on Friday by the General Commissariat of National Police to municipal and provincial police that journalists are prohibited from filming or recording ...

Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50806487/journalists-barred-from-filming-or-recording-police-investigations/

Boosting economic recovery and supporting vulnerable families tops Government agenda

Prime Minister Hun Sen has called for joint efforts to boost economic recovery, and support three million vulnerable citizens, speaking at the inauguration of the “Techo Sen Public Works and Transport” building on Friday. ...

Khmer Times Staff
https://www.khmertimeskh.com/50806817/boosting-economic-recovery-and-supporting-vulnerable-families-tops-government-agenda/

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