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CPP votes new members to top committee

The ruling Cambodian People’s Party (CPP) on Thursday revamped its organisational structure and elected a further seven people to the Permanent Committee of its Central Committee to add to the existing 30 members. ...

Mech Dara
https://www.phnompenhpost.com/national-politics/cpp-votes-new-members-top-committee

WB: Cambodia among the fastest electrifying

Cambodia is currently among the fastest electrifying countries in the world, with coverage reaching 89.1 per cent as of the end of 2017, a newly published World Bank report says. The Kingdom has made significant progress in providing access to electricity, becoming one of four ...

Hor Kimsay
https://www.phnompenhpost.com/business/wb-cambodia-among-fastest-electrifying

EdC, two Chinese firms ink agreement on power plant

Cambodia’s state-run electricity supplier Electricite du Cambodge (EdC) on Tuesday signed an agreement with two Chinese companies to build a $380 million oil and liquefied natural gas power plant in the Kingdom. ...

Hin Pisei
https://www.phnompenhpost.com/business/edc-two-chinese-firms-ink-agreement-power-plant

Rice Natural Development announce $50M tourism hub

Local company Rice Natural Development Plc announced a $50 million joint venture with British and Singaporean investors on Tuesday to develop a coastal tourism hub in Preah Sihanouk province. The project, which will be built on 1.8ha, will include a tourist port comprised of 10 ...

Hin Pisei
https://www.phnompenhpost.com/business/rice-natural-development-announce-50m-tourism-hub

Shipwreck under research in Koh Kong province

The National Committee of Maritime Security is researching a sunken ship found early this month at the bottom of the sea in Koh Kong province. Admiral Tea Sokha, deputy commander of the Royal Cambodian Navy, said the sunken ship was found by a Cambodian scuba ...

Ven Rathavong
https://www.khmertimeskh.com/50303057/shipwreck-under-research-in-koh-kong-province/

Chinese salt imports reach Cambodia at $100 per tonne

Salt imports from China are expected to sell at $100 per tonne in the Cambodian market, $25 more per tonne than local salt, according to the Salt Producers Community of Kampot-Kep (SPCKK). ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/chinese-salt-imports-reach-cambodia-100-tonne

Government set to slash holidays

The private sector has welcomed the government’s move to reduce the number of public holidays in the in the Kingdom – known for having the most public holidays in the world – by seven days. However, the government had just added the “Day of Remembrance” ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/government-set-slash-holidays

Huge haul of smuggled ducks freed in Kampong Thom, three men questioned

Kampong Thom provincial police on Sunday questioned three men suspected of attempting to smuggle more than 1,000 lesser whistling ducks into Phnom Penh from the Cambodia-Thai border area, said provincial Forestry Administration head Bun Sothy. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/huge-haul-smuggled-ducks-freed-kampong-thom-three-men-questioned

Government reveals new budget reform strategy

Prime Minister Hun Sen on Friday announced the government’s new strategy for budget reform aimed at enhancing the sound management of public funds. Dubbed ‘Budget system reform programme for 2018-2025’, the new blueprint for the country’s budgetary policy was presented to the public during the ...

Sok Chan
https://www.khmertimeskh.com/50303602/government-reveals-new-budget-reform-strategy/

Tax collection rises by 10 percent in Q1

The General Department of Taxation collected more than $761 million in taxes during the first three months of the year, a slight increase of about 10 percent compared to the same period in 2017. ...

May Kunmakara
https://www.khmertimeskh.com/50484337/tax-collection-rises-by-10-percent-in-q1/

Acleda looking to go public

Twenty-five percent of Acleda Bank’s shares will soon be available for trading as stakeholder ASA Plc announced late Wednesday, its plan to list on the Cambodia Securities Exchange (CSX). Acleda Securities Plc president and CEO Prom Visoth noted that the move could potentially double the ...

Hor Kimsay
https://www.phnompenhpost.com/business/acleda-looking-go-public

Fake news a serious issue

The Club of Cambodian Journalists (CCJ) on Monday said ‘fake news’ has been polluting publications and sparking controversy in the Kingdom, especially on social media. The remarks were made on Monday at a roundtable discussion organised by CCJ in Phnom Penh. ...

Voun Dara
https://www.phnompenhpost.com/national/fake-news-serious-issue

FAO-led project to boost meat quality in the Kingdom

A new partnership with the Food and Agriculture Organisation of the United Nations seeks to enhance the quality of local meat by modernising facilities and raising hygiene standards, with a pilot project launched in Takeo in November.​ ...

Sok Chan
https://www.khmertimeskh.com/50525749/fao-led-project-to-boost-meat-quality-in-the-kingdom/

Cambodia’s tax revenue enjoys rise once again

The General Department of Taxation (GDT) collected over $2 billion in tax revenue last year, up 13.37 per cent from the same period in 2017, according to a statement released by the department on Tuesday. At the December 2018 tax collection revenue meeting, General Department ...

Post Staff
https://www.phnompenhpost.com/business/cambodias-tax-revenue-enjoys-rise-once-again

World Bank: EU exports may decline up to $654M

The value of Cambodian exports to the EU is expected to decline between $513-$654 million per annum if the country’s tariff-free access is withdrawn, according to a World Bank report released on Monday. The World Bank’s assessment – made in a report named Cambodia Economic ...

Hor Kimsay
https://www.phnompenhpost.com/business/world-bank-eu-exports-may-decline-654m

PM: No more electricity shortages from next year

Prime Minister Hun Sen announced on Monday that by next year, Cambodia will not face a shortage of electricity supply. The Kingdom has reserved 400MW from two large power generators. Speaking to students at a graduation ceremony in Phnom Penh on Sunday, the prime minister ...

Hin Pisei
https://www.phnompenhpost.com/business/pm-no-more-electricity-shortages-next-year

Rainsy vow to return on Nov 9 dismissed as ‘political warfare’

An announcement from the Supreme Court-dissolved Cambodia National Rescue Party (CNRP) that its “acting president” Sam Rainsy would return to the Kingdom on November 9 was dismissed on Sunday as “political warfare”. ...

Niem Chheng
https://www.phnompenhpost.com/national-politics/rainsy-vow-return-nov-9-dismissed-political-warfare

Pursat wildlife sanctuary families seek prime minister’s intervention

The intervention of Prime Minister Hun Sen has been requested by 31 families living in the Phnom Samkos Wildlife Sanctuary in Pursat province. Authorities said while they had settled in the area illegally, meetings were being held to resolve the issue. “We, the 31 families, ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/pursat-wildlife-sanctuary-families-seek-prime-ministers-intervention

Scholar’s border research underway

Royal Academy of Cambodia scholar Sok Touch said Wednesday that his border research team has started inspecting markers planted along the 1,228-km frontier with Vietnam, visiting six colonial-era posts since last week as part of a process that he says will take two years. ...

Kuch Naren and Alex Willemyns
https://www.cambodiadaily.com/news/scholars-border-research-underway-process-to-take-2-years-93787/

Bourse softens listing criteria

For companies looking to float shares on Cambodia’s fledgling stock exchange, the rules have just been made easier.After three years and only two listings, the Securities and Exchange Commission of Cambodia (SECC) has revamped the listing criteria, in a bid to increase the number of ...

Ananth Baliga
http://www.phnompenhpost.com/business/bourse-softens-listing-criteria

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