Water utility posts profit, but shares stagnant
The capital’s listed water utility reported strong growth of earnings and profit in 2015, yet failed once again to impress investors, with its share price refusing to budge during yesterday’s low-volume trading session. ...
Cam McGrath and Sor Chandara
http://www.phnompenhpost.com/business/water-utility-posts-profit-shares-stagnant
Hot weather shakes up local salt sector
Unusually high yields of salt production in Kep and Kampot province have surpassed the market’s low demand, filling the nation’s salt storage facilities to capacity, the head of a local industry body said yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/hot-weather-shakes-local-salt-sector
Acleda launches smart phone app
Acleda Bank on Tuesday launched a smart phone app in an effort to reach low-income earners who do not use banks. Unity ToanChet, a Fin-Tech application, lets customers carry out transactions anywhere and at any time. ...
Sok Chan
http://www.khmertimeskh.com/news/37801/acleda-launches-smart-phone-app/
Flood problems continue
With rain pouring down for hours yesterday thanks to a low-pressure system, many Cambodians found their daily lives disrupted by severe flooding, with some taking to social media to criticise a poor flood management system in Phnom Penh. ...
Yon Sineat
http://www.phnompenhpost.com/national/flood-problems-continue
Poipet safe from water shortage, governor says
Poipet City’s governor said Thursday that residents did not need to worry that their taps could run dry, despite a warning earlier this week by the private company that provides the city’s water that supplies were running low. ...
Sek Odom
https://www.cambodiadaily.com/news/poipet-safe-from-water-shortage-governor-says-85458/
Assembly passes part of 2013 budget despite opposition
Sixty-seven CPP lawmakers on Monday approved the government’s revenues and expenditures from 2013 despite the protest of 43 opposition CNRP lawmakers, who said reported revenues were inordinately low and called on the government to carry out a transparent audit. ...
Kang Sothear
https://www.cambodiadaily.com/news/assembly-passes-2013-budget-despite-opposition-of-cnrp-86896/
Sokimex Plans High-Rise Condos for Peninsula
Sokimex Group is set to break ground on six high-rise condominium buildings in Phnom Penh. Originally suspended in 2010 by Sok Kong because of low demand, the project has now been green lit. Phnom Penh property prices fallen 50 percent since 2008. ...
Health sector on notice
Legal action will be taken against health institutes that offer a low quality of care, according to a directive issued by the Minister of Health last week, which also emphasized the importance of digital record keeping in the medical sector. ...
Mom Kunthear
http://www.khmertimeskh.com/news/26032/health-sector-on-notice/
Government signs first public housing MOU
A Cambodian and Singaporean firm signed a memorandum of understanding with the Ministry of Land Management Wednesday for the study and construction of public housing for low- and middle-income households around Phnom Penh, a first for the city if it comes off. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-signs-first-public-housing-mou-98657/
Affordable houses for all
A public housing project, which aims to provide affordable housing for the lower middle class, low-income earners and state workers, is due to start at the end of the year after the completion of a study to determine its feasibility. ...
Sum Manet
http://www.khmertimeskh.com/news/26739/affordable-houses-for-all/
Revised rubber export tax scheme criticised
Rubber producers said yesterday the government’s decision to amend the export tax scheme on natural rubber fell short of expectations and would do little to stem the losses of farmers as rubber prices hover near a six-year low. ...
Sor Chandara
http://www.phnompenhpost.com/business/revised-rubber-export-tax-scheme-criticised
RDB closes bidding on rice storage facilities
The state-run Rural Development Bank (RDB) received a total of 10 proposals from Cambodian agricultural firms expressing interest in developing rice storage and drying facilities across three provinces using government-backed low-interest loans, a bank official said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rdb-closes-bidding-rice-storage-facilities
Agriculture minister goes on defensive
Agriculture Minister Veng Sakhon yesterday defended his ministry amid complaints by farmers of low yields during dry season, rising costs of production and a lack of markets to sell their produce, saying that other ministries and sectors also shared responsibility. ...
Touch Sokha
http://www.phnompenhpost.com/national/agriculture-minister-goes-defensive
Asean property markets beckon investors
Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said prime residential property for rent in the Cambodian capital has posted the highest yield among all sectors at 8% per year. Selling prices remain relatively low, but rents are high. ...
Kanana Katharangsiporn
http://www.bangkokpost.com/business/news/1124901/asean-property-markets-beckon-investors
Unions to Form Committee to Focus on Minimum Wage
The leaders of seven major unions and labor confederations announced yesterday in a joint statement that they will form an inter-union committee to rally the government on raising the country’s minimum wage of $61, with the unions believe is too low. ...
TI calls for reforms at polls
Low-income factory workers and illiterate citizens risk being left behind in the country’s voter registration process if current policies remain unchanged, Transparency International Cambodia warned yesterday, as it forwarded a list of recommendations to the National Election Commission. ...
Vong Sokheng and Ethan Harfenist
http://www.phnompenhpost.com/national/ti-calls-reforms-polls
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 ...
Fake fertiliser cuts crop yields
FARMERS’ crop yields are being undercut by unregistered middlemen selling fake fertiliser, and government efforts to combat this have proved ineffective, according to independent research from the Cambodia Development Resource Institute (CDRI). CDRI’s preliminary research, conducted as part of a larger program investigating agricultural policies for ...
http://www.phnompenhpost.com/2013030161683/Business/fake-fertiliser-cuts-crop-yields.html
Controversial Pöyry tapped for Xayaburi
Multinational consulting and engineering firm Pöyry has signed a contract with the Lao government to supervise construction of the divisive Xayaburi hydropower dam in the country’s north, it announced Friday. This work, carried out by its Energy Business Group, will include reviewing the design and ...
Kingdom boasts less time to file trademark
While still relatively small, the number of trademark applications has grown in Cambodia and the country’s low volume means that the Kingdom boasts among the fastest times in Southeast Asia for registering a trademark, a government adviser told a business workshop yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/kingdom-boasts-less-time-file-trademark