Veng Sreng Street Upgrade behind schedule
The head of a construction company working to upgrade Phnom Penh’s dusty, potholed Veng Sreng Street said Thursday that the project would take twice as long to complete as expected. In November, Phnom Penh governor Pa Socheatvong announced that a 6.5 km strip of the road—which ...
Sek Odom
http://www.cambodiadaily.com/news/veng-sreng-street-upgrade-behind-schedule-58872/
Eighth EU-Cambodia Joint Committee concludes in Brussels
The 8th EU-Cambodia Joint Committee was held in Brussels on Thursday, preceded by the subgroups on development cooperation, on trade and on institution building, administrative reform, legal and judicial reform, governance and human rights, the European bloc said in a press release. The two sides ...
RTT News Staff
http://www.rttnews.com/2285917/eighth-eu-cambodia-joint-committee-concludes-in-brussels.aspx?type=gn&utm_source=google&utm_campaign=sitemap
Staff poaching spurs bank action
Cambodia’s banking sector is looking to establish a collective fund to help recoup staff training expenses lost from competitors poaching employees off one another, Grant Knuckey, CEO of ANZ Royal said yesterday. Speaking at the launch of ANZ Royal’s business confidence index in Phnom Penh yesterday, ...
Eddie Morton and Daniel de Carteret
http://www.phnompenhpost.com/business/staff-poaching-spurs-bank-action
Gov’t called on to save forests
Villagers from forest communities in nine provinces called on the government yesterday to take action after alleging that “the rich and powerful” are causing the “serious destruction” of their livelihoods. The villagers, with the support of two NGOs – the Children’s Development Association and Community Peace-Building ...
Phak Seangly
http://www.phnompenhpost.com/national/gov%E2%80%99t-called-save-forests
Report slams logging in northeast
National parks and other protected areas are being gutted at a rapid rate in Stung Treng and Ratanakkiri by private business interests, among them the powerful Try Pheap Group, a report launched yesterday claims, though authorities have disputed certain figures.The report, titled Logs and Patronage: ...
Pech Sotheary
http://www.phnompenhpost.com/national/report-slams-logging-northeast
Beeline manager exits
The general manager of Cambodian mobile operator Beeline has left the company, following brand-owner Vimpelcom’s selloff of Vietnamese assets and a more than US$500 million over-valuation of its Cambodia and Vietnam markets. General manager Gael Campan’s departure raised questions about Amsterdam-based Vimpelcom’s future in the Kingdom, ...
http://www.phnompenhpost.com/index.php/2012051156103/Business/beeline-manager-exits.html
Textile manufacturer invests $20 million on expansion programme
TST Group Holding, the Taipei-listed major textile producer, has announced plans to expand its business operations in Cambodia to assist in the current lack of textiles imports because of the Novel Coronavirus. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50698579/textile-manufacturer-invests-20-million-on-expansion-programme
Industry leaders continue to call for further economic support
Business advocates are continuing to call on the Cambodian government to further support the local economy during and after the COVID-19 pandemic – through the implementation of collateral-free working loans and new policies to encourage more foreign direct investment in the Kingdom. ...
Harrison White
https://www.khmertimeskh.com/50726929/industry-leaders-continue-to-call-for-further-economic-support/
New underground roads said to ease congestion in Phnom Penh
The Phnom Penh Municipal Hall is studying the possibility of building three new underground roadways in the capital to ease traffic congestion. Meas Pheakdey said on Wednesday that municipal specialists are busy studying the potential impacts of the roads and estimating costs. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/new-underground-roads-said-ease-congestion-phnom-penh
Bar owners remain in the dark while some call quits
Hospitality groups continue to call on the government to provide an exit strategy from the lockdown of the Kingdom’s bars, clubs and KTV’s – so struggling owners can implement business plans, but some are deciding to quit. ...
Harrison White
https://www.khmertimeskh.com/50737482/bar-owners-remain-in-the-dark-while-some-call-quits/
Tourism Ministry bans large gatherings at resorts
The Ministry of Tourism has instructed all local tourism-related businesses to implement additional preventive measures, including the prohibition of mass gatherings at local resorts, to prevent the spread of COVID-19 following the “November 28 community incident”. ...
Taing Rinith
https://www.khmertimeskh.com/50788848/tourism-ministry-bans-large-gatherings-at-resorts/
Hotel fees to rise during holiday
The upcoming national holidays will increase accommodation fees and prices of other tourism services after so many businesses lost money for a half year after closing because of COVID-19. More people are expected to travel nationwide. ...
Sorn Sarath
https://www.khmertimeskh.com/50746693/hotel-fees-to-rise-during-holiday/
Kampong Thom gets new cashew plant
Top Planning Japan Co Ltd is working with a local cashew nut processing business owner to set up a plant in Kampong Thom province’s southwestern Kampong Svay district in a bid to champion Cambodian finished products. ...
Thou Vireak
https://www.phnompenhpost.com/business/kampong-thom-gets-new-cashew-plant
Digital banking championed
The Association of Banks in Cambodia (ABC), the Cambodia Microfinance Association (CMA) and the Cambodian Association of Finance and Technology (CAFT) have issued a statement strongly encouraging their customers, the public and business owners to both settle accounts and accept payments electronically via digital platforms. ...
Sok Chan
https://www.khmertimeskh.com/50791065/digital-banking-championed/
Retail sector feels pinch of Covid-19 outbreak
Most retail businesses in Phnom Penh have seen a substantial plunge in sales since the February 20 community transmission, which continues to spread across the capital and to the provinces. ...
Thou Vireak
https://www.phnompenhpost.com/business/retail-sector-feels-pinch-covid-19-outbreak
Trade chambers ask GDT to delay income-tax date
Nine international business chambers have called on the General Department of Taxation (GDT) to extend the deadline for filing tax on income for fiscal year 2020 past March 31 in light of economic pressure caused by the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/trade-chambers-ask-gdt-delay-income-tax-date
ARDB seeks $30M more for SME loans
Agriculture and Rural Development Bank of Cambodia (ARDB) expects to receive an additional $30 million from the government for special-purpose loans to keep the Kingdom’s smaller businesses afloat amid the ongoing economic duress of Covid-19, according to the state-owned bank’s director-general Kao Thach. ...
Thou Vireak
https://www.phnompenhpost.com/business/ardb-seeks-30m-more-sme-loans
Gov’t rolls out eighth round of relief measures
The private sector rejoiced as the government on March 25 announced its eight round of measures to keep businesses afloat and stimulate economic growth as the Kingdom grapples with surging novel coronavirus infections. ...
May Kunmakara
https://www.phnompenhpost.com/business/govt-rolls-out-eighth-round-relief-measures
Oil revenue no short-term fix to economic growth: PM
Prime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of the Chamkar Mon Water ...
Tom Starkey
https://www.khmertimeskh.com/50809405/oil-revenue-no-short-term-fix-to-economic-growth-pm/
Three bond-listed companies post solid Q4 recovery
Three cooperate-bond-listed firms on February 15 reported solid business-performance recovery in the fourth quarter of last year resulting from proactive government measures that kept economic activities afloat despite the spread of the Covid-19 pandemic. ...
May Kunmakara
https://www.phnompenhpost.com/business/three-bond-listed-companies-post-solid-q4-recovery