Riel trust needed for stability
As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...
Eddie Morton
http://www.phnompenhpost.com/business/riel-trust-needed-stability
AEON tenants target Cambodia’s middle class
An ice-skating rink, bowling alley, seven-screen cinema and a proverbial catwalk of high-end European and US labels will start vying for a slice of Cambodia’s rising middle class inside the soon-to-open AEON Mall, management with the firm overseeing it confirmed on Saturday. The Japanese-owned shopping centre’s ...
Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/aeon-tenants-target-cambodia%E2%80%99s-middle-class
Thais mandate migrant worker health checks
On the road to legal employment in Thailand, Cambodian migrant workers are being made to undergo check-ups that have them cough, strip and give blood and urine samples to prove they are physically and mentally sound enough to work in the country. Obtaining a workers’ permit, ...
Laignee Barron
http://www.phnompenhpost.com/national/thais-mandate-migrant-worker-health-checks
Hun Sen calls on Vietnam to invest in rice processing sector
Prime Minister Hun Sen on Friday called on the Vietnamese to invest in the Kingdom’s rice processing sector. Speaking at an annual dinner with the Vietnamese business community in Cambodia ahead of Tet – the Vietnamese Lunar New Year – Hun Sen said the Kingdom’s ...
Thou Vireak
https://www.phnompenhpost.com/business/hun-sen-calls-vietnam-invest-rice-processing-sector
E-Commerce Strategy finally incorporated
The Ministry of Commerce and relevant ministries have officially and collectively signed off the E-Commerce Strategy to bring the sector to a new level. According to Mr Sorasak, the strategy fits well with the on-going context of the Industrial Revolution 4.0 and will further boost ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50748715/e-commerce-strategy-finally-incorporated/
Tycoon’s company receives 1,247 Hectares along Kep coastal waters for satellite city development
A company linked to tycoon Khun Sear, TP Moral Group, received 1,247 hectares of coastal waters in Kep province to develop a new satellite city and “special tourism zone” according to a March 6 sub-decree signed by former Prime Minister Hun Sen and publicized in ...
Phon Sothyroth
https://cambojanews.com/tycoons-company-receives-1267-hectares-along-kep-coastal-waters-for-satellite-city-development/
Cambodia needs about US$ 200 million annually for climate change adaptations
According to the Copenhagen Accord hosted in Denmark, developed countries had to provide US$ 30 billion for 2009-2012 to kick start emissions reduction measures for the less-developed countries and promised to offer US$ 100 billion for long term finance a year by 2020. “Cambodia needs approximately ...
A threat to Kingdom’s FDI
Tokyo: Cambodia needs more than an estimated US$13 billion in infrastructure works by 2020 if the country intends to continue attracting foreign investment, a joint survey by some of the world’s top financial institutions indicated on Wednesday. During a conference held by the Japan International Cooperation Agency ...
http://www.phnompenhpost.com/index.php/2011101452126/Business/a-threat-to-kingdoms-fdi.html
Largest-ever Cambodian solar project launched
Cambodia’s biggest solar power initiative to date – expected to provide electricity to 12,000 households in off-grid areas – will be completed on January 31, according to officials involved with the project. Yiang Tal, chief of administration at the Rural Electrification Fund, said more than 10,000 ...
Another power deal for senator
The opposition has raised conflict-of-interest concerns over another agreement headed to the National Assembly today guaranteeing the government will buy electricity from a power plant to be constructed by a company owned by ruling party Senator Lao Meng Khin. However, it was unclear yesterday whether the ...
Sand dredging deja-vu
They thought the days of scenic sunsets ruined by the noise and pollution of dredgers on the Tatai River were over, but villagers and business owners in the popular tourism destination now say they were duped in a promise from ruling party Senator Ly Yong ...
http://www.phnompenhpost.com/index.php/2011122753640/National-news/sand-dredging-deja-vu.html
Building’s owner unknown
Amid safety fears in the construction industry, authorities yesterday refused to reveal the owner of a brand-new industrial building that crashed to the ground in Phnom Penh on Sunday, just days before hundreds were to have set foot in it. Sen Sok district governor Khoun Sreng ...
http://www.phnompenhpost.com/index.php/2012030754899/National-news/buildings-owner-unknown.html
Fight Illegal Logging From Top, World Bank Says
Echoing longstanding calls from conservation groups, the World Bank says in a new report today that governments need to look past low-level criminals to tackle illegal logging and to follow the money the illicit trade generates instead. That trade of illegal logging generates up to $15 ...
EU ambassador expresses hope for Kingdom retaining EBA status
New EU ambassador to Cambodia Carmen Moreno met with National Assembly president Heng Samrin and expressed her interest in helping Cambodia retain the “Everything But Arms” (EBA) agreement. Moreno paid a courtesy call on Samrin at the National Assembly on Tuesday on her first day ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/eu-ambassador-expresses-hope-kingdom-retaining-eba-status
ASEAN's newest look for cash
Younger Southeast Asian countries will look for a means of filling the financial gap between poorer mainland ASEAN members and more developed states this week during the 44th ASEAN Economic Ministers Meeting, which kicked off today. At the five-day meeting which Prime Minister Hun Sen was ...
Ocean Garment Workers Occupy Factory
About 2,000 workers at Ocean Garment factory continued their ongoing strike yesterday by staging a sit-in on the premises of the factory in support of five union leaders facing prosecution for their role in recent protests. Workers began the sit-in yesterday after rumors spread that ...
Bourse May Have 7 Trading Sessions Daily
Officials at the Cambodian Securities Exchange (CSX) may increase the number of daily stock trading sessions from two to seven, giving traders more flexibility to buy and sell, an official at the bourse said yesterday. Currently, trading on the CSX occurs in just two sessions, starting ...
B Kak Woman Arrested
Prominent Boeung Kak villager and protester Yorm Bopha was yesterday jailed in Phnom Penh’s Prey Sar prison, after she and her husband – en route to check for their names on a voting register – were pounced on by police in plain clothes in what ...
http://www.phnompenhpost.com/index.php/2012090558509/National-news/b-kak-woman-arrested.html
Bank Collapse Sees Property Up for Grabs
A prime piece of Phnom Penh real estate was put up for auction last week by a South Koran government agency attempting to recoup taxpayers’ money lost during a bank collapse last year. Bids have been made that could see a new development on the site, ...
UN Says Cambodia 'Food Secure' Thanks to Gov't Policies
While the global economic crisis weakened the ability of Cambodian households to purchase food, the government’s focus on agricultural production and other policies have since helped alleviate food insecurity in the country, the U.N. Conference on Trade and Development said in a new report. Between June ...