Sihanoukville gets ready for listing
The Sihanoukville Autonomous Port (PAS) launched a book building process yesterday to determine what price to offer in an initial public offering (IPO), before it is listed on the Cambodia Securities Exchange late next month. ...
Chea Vannak
http://www.khmertimeskh.com/news/37759/sihanoukville-gets-ready-for-listing/
Pepper farmers seek new GI listings
Pepper production inched up to close to 12,000 tonnes last year with cultivation on 6,124 hectares, but unstable prices have led to calls for geographic indicator (GI) certificates for a range of peppers. ...
Chea Vannak
http://www.khmertimeskh.com/news/38551/pepper-farmers-seek-new-gi-listings/
Cops seize wood in Battambang
Nearly five cubic feet of highly priced wood was confiscated in Battambang province’s Samlot district after Military Police in Kampong Lapov commune stopped a truck on Wednesday, said Meas Sovan, the provincial Military Police commander. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/cops-seize-wood-battambang
Third undersea cable to plug kingdom into data fast lane
The government has contracted the private sector to build a third submarine communications cable linking Cambodia to a major international telecommunications artery in a bid to significantly increase internet speed while helping to bring down prices. ...
Sor Chandara
http://www.phnompenhpost.com/business/third-undersea-cable-plug-kingdom-data-fast-lane
Oil plunge a boon for developing nations: WB
Oil-importing nations such as Cambodia should be first in line to benefit from the oil-price decline provided they swiftly enact reforms to reinvest savings into strengthening fiscal policy and human capital, according to the World Bank. ...
Eddie Morton
http://www.phnompenhpost.com/business/oil-plunge-boon-developing-nations-wb
Trade in otter skins is booming: report
High prices and lax law enforcement have created a booming transnational trade in otter skins, where the endangered mammals are hunted in the wild to be sold on to buyers in neighbouring countries, according to a new report. ...
Daniel Pye
http://phnompenhpost.com/national/trade-otter-skins-booming-report
Cambodia's rubber exports up 33 pct last year
Cambodia recorded a 33 percent rise in dry rubber exports volume in 2014, but the revenue decreased by 8 percent due to a plunge in global rubber price, according to figures from the Ministry of Commerce on Saturday. ...
Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/150207/cambodias-rubber-exports-33-pct-last-year
'Geek’ girls prove technology is not just for boys
A small group of women technologists made the semi-final round of a global entrepreneurship competition recently, after designing a mobile app that could help farmers get better prices for their goods. ...
Ten Soksreinith
http://www.voacambodia.com/content/geek-girls-prove-tech-is-not-just-for-boys/2827698.html
Rice exports drop amid calls for intervention
Rice exports fell almost 6 percent during the first half of the year, to 268,190 tons, according to government figures—despite the industry’s repeated calls for help to prevent such a decline. ...
Kang Sothear
https://www.cambodiadaily.com/news/rice-exports-drop-amid-calls-for-intervention-115179/
Cash influx a band-aid for failing rice sector
As the government scrambles to buoy a rice sector suffering from crashing paddy prices and fierce international competition, Prime Minister Hun Sen on Thursday lauded the government officials and “generous businesspeople” who heeded calls for emergency funds. ...
Janelle Retka and Kuch Naren
https://www.cambodiadaily.com/news/cash-influx-band-aid-failing-rice-sector-118340/
After protest, farmers’ unrest spreads to neighboring districts
After about 500 protesting farmers blockaded a national road in Battambang province last week, local authorities in neighboring districts are now making efforts to placate hundreds of other farmers also restless over depressed corn and cassava prices. ...
Leng Len
https://www.cambodiadaily.com/news/protest-farmers-unrest-spreads-neighboring-districts-132586/
Cambodia fears tough competition for long-grain rice exports from India
Cambodia rice exporters are fearing that the Indian government’s decision to release 5 million tons of rice in the open market to control price hikes may have a spill over effect on global rice exports, according to local sources. ...
Oryza News Staff
http://oryza.com/news/rice-news/cambodia-fears-tough-competition-long-grain-rice-exports-india
Cintri defends fee irregularities to Anti-Corruption Unit
The company responsible for collecting Phnom Penh’s trash has defended its erratic pricing structure in response to an inquiry from the Anti-Corruption Unit (ACU), which says that numerous complaints have been filed by small business owners. The ACU sent a letter to Cintri (Cambodia) Ltd. on ...
Khuon Narim
http://www.cambodiadaily.com/news/cintri-defends-fee-irregularities-to-anti-corruption-unit-56153/
Cambodia’s telecom agency firm on fees
Cambodia’s telecommunications ministry yesterday defended intervening in the market by fixing minimum prices for mobile phone calls, rationalising the base charges as necessary to stem the loss of tax revenue and avert a monopolised industry. The floor price was introduced in 2009 to prevent the demise ...
Chan Muy Hong and Daniel de Carteret
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-telecom-agency-firm-fees
Water authority eyes new station for 2017
The Phnom Penh Water Supply Authority (PPWSA) announced the construction of a fifth water treatment station yesterday, saying that without an additional plant, the capital could face a severe clean-water shortage as soon as 2017. Speaking at a press conference organised by the Japanese International Cooperation ...
Sen David
http://www.phnompenhpost.com/national/water-authority-eyes-new-station-2017
No quick return on land near new bridges: realtors
The government is planning to construct two more bridges across the Mekong River, and although feasibility studies are already underway, realtors are unsure as to whether land prices in the areas they connect will rise, they told Khmer Times yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/17284/no-quick-return-on-land-near-new-bridges--realtors/
Protest follows failure to lower electric rates
Citizens in two communes in Svay Rieng and another in Prey Veng yesterday protested their high power bills after a local electric company failed to lower its price to 800 riel per kilowatt-hour as promised. ...
Mech Dara
http://www.phnompenhpost.com/national/protest-follows-failure-lower-electric-rates
Call to revise rubber tax
As the price of natural rubber tumbles due to a slowdown in the global economy and falling demand for the commodity, the Kingdom’s hard hit rubber industry investors are now calling on the government to revise export taxes. ...
Chea Vannak
http://www.khmertimeskh.com/news/28028/call-to-revise-rubber-tax/
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
Hotels told to stop exam time hikes
The Education Minister yesterday issued a letter to all provincial governors requesting that they ensure guesthouses and hotels do not increase their prices during national exam time, when hundreds of students flood into towns from their rural homes. ...
Mom Kunthear
http://www.khmertimeskh.com/5076537/hotels-told-stop-exam-time-hikes/