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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/

Scandals and problems are mounting in land sale deals

Scandals are beginning to brew now that the real estate market is expanding with more affordable housing and cheaper land prices. The situation has been exacerbated by the lack of laws governing the sector and managing stakeholder disputes. ...

Siv Meng
http://www.phnompenhpost.com/post-property/scandals-and-problems-are-mounting-land-sale-deals

Rice deal cooking with Bangladesh

Cambodia and Bangladesh announced a potentially massive rice deal yesterday that would deliver up to 1 million tonnes of local rice to the South Asian nation over the next five years, provided they agree on the pricing terms. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-deal-cooking-bangladesh

Rubber exports keep rising

Rubber exports have continued to rise in the first nine months of the year, despite the fall and current stagnation of prices as global demand continues to stall, according to the Ministry of Agriculture, Forestry and Fisheries (MAFF). ...

May Kunmakara
http://www.khmertimeskh.com/news/31095/rubber-exports-keep-rising/

Vendors to protest for border fee reductions

The Cambodia Economy Reinforced Association has submitted a letter to Banteay Meanchey provincial authorities asking permission to hold a massive demonstration for four days to demand a reduction in the price of crossing the Thai border. ​ ...

Sen David
http://www.khmertimeskh.com/50100579/vendors-protest-border-fee-reductions/

NA asks Labor Ministry to provide Korean-language test for free to workers

The National Assembly asked Labor Minister Ith Sam Heng to provide Korean-language test paper for free to or sell in the lowest price for workers as the current test paper costs USD 24. ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=13&token=OGE2NzA0MmI5OTg

Prime Minister to reveal new oil policy next week

With the price of oil in the international market on the rise, Prime Minister Hun Sen yesterday announced he will unveil a new policy to deal with the impact of more expensive crude on the 28th of this month. ...

May Kunmakara
https://www.khmertimeskh.com/50502734/prime-minister-to-reveal-new-oil-policy-next-week/

World Bank: East Asian growth expected to ease to 6.3% this year

Economic growth in developing East Asian countries is expected to ease in the next two years as the slowdown in China and sluggish pricing for commodities linger, according to new forecast released Sunday by the World Bank.   ...

Roger Yu
http://www.usatoday.com/story/money/2016/04/11/world-bank-east-asian-growth-expected-ease-63-year/82896296/

Local gold sales spike following Brexit vote

Local shops dealing in gold reported a surge in activity following the United Kingdom’s vote on Friday to leave the European Union – a decision that pushed international gold prices up sharply as worried investors sought a safe-haven asset. ...

Hor Kimsay
http://www.phnompenhpost.com/business/local-gold-sales-spike-following-brexit-vote

Police ordered to inspect private ambulance licenses

National Police and National Military Police have been ordered by the Health Ministry to inspect the licenses of all private ambulances, which are often seen fighting for business at the scene of traffic accidents before charging exorbitant prices for their services. ...

Ben Sokhean
https://www.cambodiadaily.com/news/police-ordered-to-inspect-private-ambulance-licenses-104535/

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

Massive Thai rice sell-off ‘concerning’

Thailand’s plans to sell off 11.4 million tons of its rice stockpile over the next two months is concerning Cambodia, which fears the sale will drive global prices down as the Kingdom struggles to meet its own export target. ...

May Kunmakara
http://www.khmertimeskh.com/news/24245/massive-thai-rice-sell-off----concerning---/

Low uptake of gov’t rice fund

The government’s much-heralded $27 million emergency rice fund, announced last month amid complaints from rice farmers and millers that cheap competition and low-storage capacity was driving down prices, has so far had only limited takers among rice millers. ...

Sok Chan
http://www.khmertimeskh.com/news/31195/low-uptake-of-gov---t-rice-fund/

Loans offer for rice harvest

The government has injected another $23 million through the Rural Development Bank (RDB) to provide loans to rice mills and exporters who lack working capital to buy rice from farmers in the up-coming harvest season and stabilise the rice price. ...

Sok Chan
http://www.khmertimeskh.com/5077015/loans-offer-rice-harvest/

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

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