PPSEZ to make final preparations for IPO
The Phnom Penh Special Economic Zone (PPSEZ) was given clearance on Wednesday to begin final preparations for listing on the country’s stock exchange, according to a statement released by the Securities and Exchange Commission of Cambodia (SECC). ...
Kang Sothear
https://www.cambodiadaily.com/news/ppsez-to-make-final-preparations-for-ipo-110499/
MEF and USAID launch transparency initiative
USAID and the US Treasury Office of Technical Assistance (OTA) have launched a joint initiative with the Ministry of Economy and Finance (MEF) to improve fiscal transparency and accountability in the management of public finances, according to a press release issued yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/mef-and-usaid-launch-transparency-initiative
Commune elections set for June 4 next year
Next year’s commune council elections will be held on June 4, according to a decision signed on Tuesday by Prime Minister Hun Sen, marking the first nationwide ballot since the 2013 election that led to the reform of the National Election Committee (NEC). ...
Kuch Naren
https://www.cambodiadaily.com/second2/commune-elections-set-for-june-4-next-year-112987/
Foreign minister to join Asean meeting
As one of 10 Asean foreign ministers, Cambodian Foreign Affairs Minister Prak Sokhon will travel to China for a two-day meeting between Chinese Foreign Minister Wang Yi and the foreign ministers of Asean, according to a statement from the Foreign Ministry released on Saturday. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/26033/foreign-minister-to-join-asean-meeting/
Remnants of war causalities down
There were fewer casualties from explosive remnants of war (ERW) in Cambodia during the first six months of this year than in the same period last year, according to a Cambodian Mine Action and Victim Assistance Authority (CMAA) report released yesterday. ...
Mom Kunthear
http://www.khmertimeskh.com/news/27544/remnants-of-war-causalities-down/
Police officer, official shot dead by illegal loggers
A police officer and a Forestry Administration official were shot dead by illegal loggers in Preah Vihear province early Saturday morning in an attack that also left a second officer injured, according to a local official who gave two different versions of the incident. ...
Aun Pheap
https://www.cambodiadaily.com/news/police-officer-official-shot-dead-by-illegal-loggers-99694/
Interior ministry names 22 new spokespeople, no contact details
The job of spokesperson for the Ministry of Interior, long held by General Khieu Sopheak, has been split up and given to 22 different ministry officials, according to a statement released Friday, though contact details for the new point people have not been published. ...
Matt Blomberg and Khuon Narim
https://www.cambodiadaily.com/news/interior-ministry-names-22-new-spokespeople-no-contact-details-102165/
Officials’ service passports to be revoked at borders
Government officials who travel overseas for work will have to turn over their service passports when they return to Cambodia starting this month due to misuse of the documents to overstay official trips and partake in unrelated work, according to a Foreign Affairs Ministry statement. ...
Saing Soenthrith and Taylor O'Connell
https://www.cambodiadaily.com/news/109715-109715/
Dry season rice snapped up by neighbor
Thirteen provinces across the country have finished harvesting their dry season rice and yields have increased on last year’s crop, but local millers and exporters are concerned about the bulk of the crop making its way to a neighboring country. ...
Sok Chan
http://www.khmertimeskh.com/news/23018/dry-season-rice-snapped-up-by-neighbor/
Palm sugar production down but prices up
Kampong Speu palm sugar production is predicted to slightly decrease this year due to a late start, climate change, water shortages and working capital for farmers, but prices are expected to rise due to the sugar’s growing popularity since its geographical indication certification. ...
Sok Chan
http://www.khmertimeskh.com/news/23186/palm-sugar-production-down-but-prices-up/
More moves announced for cabinet reshuffle
Another four government officials will be promoted to senior secretarial positions in three ministries as part of the upcoming cabinet reshuffle, which Prime Minister Hun Sen claims will increase government efficiency, according to a letter to the president of the National Assembly last Friday. ...
Taing Vida
http://www.khmertimeskh.com/news/23299/more-moves-announced-for-cabinet-reshuffle/
Seafood sales tanking as algal bloom raises health concerns
Demand for seafood throughout the Kingdom has slowed as a result of warnings issued by Prime Minister Hun Sen and the Ministry of Environment to avoid coastal seafood consumption this past weekend, due to a massive algal bloom off the coast of Kep province. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/seafood-sales-tanking-algal-bloom-raises-health-concerns
Kingdom licenses first round of new factories
Forty new factories received permission to operate in Cambodia during the first three months of this year, while 54 factories have applied for licenses and 21 are currently undergoing renewal procedures, according to a report released yesterday by the Ministry of Industry and Handicraft. ...
Post Staff
http://www.phnompenhpost.com/business/kingdom-licenses-first-round-new-factories
Sokha hotel to foot bill for Sihanouk beach road
The government has ordered the beachfront Sokha Hotel in Preah Sihanouk province to open a section of fence that blocks access to a stretch of beach, as well as construct a direct, paved route for pedestrians and cyclists making their way to the waterside. ...
Taing Vida
http://www.khmertimeskh.com/news/23707/sokha-hotel-to-foot-bill-for-sihanouk-beach-road/
Micro lenders see steady expansion
Loans and deposits in the Kingdom’s crowded microfinance sector rose about 10 percent during the first quarter of the year from the same period last year, according to a report from the Cambodia Microfinance Association, which put the rise down to an expanding economy. ...
Sok Chan
http://www.khmertimeskh.com/news/24525/micro-lenders-see-steady-expansion/
First oil refinery a step closer
Construction on a $3 billion oil refining plant, the Kingdom’s first, will start in October this year and is expected to be finished by the end of 2018, according to a senior executive at the signing of a memorandum of understanding (MoU) yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/24607/first-oil-refinery-a-step-closer/
HIV infections nearly doubled over past decade
The number of new HIV infections in Cambodia nearly doubled over the past decade—the greatest increase in Asia—while less than a third of Cambodians living with the virus are receiving medication to slow its development, according to a report released this week. ...
George wright
https://www.cambodiadaily.com/news/hiv-infections-nearly-doubled-over-past-decade-115705/
Booming growth pushes Cambodia to lower-middle income status
Despite some appearances to the contrary, things in Cambodia are looking pretty rosy at least according to the World Bank. In its latest revision of world economies the Bank raised Cambodia’s status from a low-income economy to a lower-middle income country. ...
Vat Vin
http://aecnewstoday.com/2016/booming-growth-pushes-cambodia-to-lower-middle-income-status/
Cambodia's Angkor Wat earns over 43 mln USD from ticket sales in 9 months
Revenue from ticket sales to foreign tourists visiting Cambodia’s famed Angkor Wat Temple reached 43.3 million U.S. dollars in the first nine months of 2015, up 0.24 percent year-on-year, according to a news statement on Friday. ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-10/02/c_134680572.htm
Human trafficking up, spurred by migration
Human trafficking out of Cambodia is on the rise, according to an Interior Ministry report released on Thursday, and is being fueled by relaxed border controls and economic disparity in the region, according to a separate U.N. report. ...
Taylor O'Connell and Ben Sokhean
https://www.cambodiadaily.com/news/human-trafficking-up-spurred-by-migration-109004/