Doctor group subject of police investigation
Police in Siem Reap province yesterday shuttered an unlicensed medical clinic they say was using more than 100 unregistered medicines, though the clinic’s owner insisted the raid was in response to rival clinics complaining about their prices being undercut by his charitable operation. ...
Taing Vida
http://www.phnompenhpost.com/national/doctor-group-subject-police-investigation
Prime minister seeks $300 million from china for rice sector
In the latest effort to mitigate the impact of plummeting rice prices, Prime Minister Hun Sen said on Monday that the government was seeking $300 million from China to boost the capacity of rice millers and provide funds to them for purchasing paddy from farmers. ...
Kuch Naren and Janelle Retka
https://www.cambodiadaily.com/news/prime-minister-seeks-300-million-china-rice-sector-118209/
PPSP begins trading on stock exchange
Shares in Phnom Penh SEZ debuted on Cambodia’s nascent stock exchange yesterday morning, ending the day at 2,890 riel ($0.71), down slightly more than 3 per cent from its opening price of 2,980 riel after an underwhelming level of trading. ...
Kali Kotoski
http://www.phnompenhpost.com/business/ppsp-begins-trading-stock-exchange
Industry leaders voice concern over sky-high cost of electricity
Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ...
Kali Kotoski
http://www.phnompenhpost.com/business/industry-leaders-voice-concern-over-sky-high-cost-electricity
Angkor Wat sees sales surge
Angkor Wat ticket sales revenue surged during the first half of 2017 on the back of a sharp increase in tourist entry fees, with no indication that the steeper admission prices had discouraged visits to the Kingdom’s top tourist draw, government officials said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/angkor-wat-sees-sales-surge
Inflation in 2017 low and ‘manageable’
Inflation in Cambodia last year reached 2.9 percent due to a moderate increase in the price of key commodities, particularly petroleum and agricultural goods, with the National Bank of Cambodia (NBC) saying the low inflation rate was a product of sound macroeconomic management. ...
May Kunmakara
http://www.khmertimeskh.com/50100904/inflation-2017-low-manageable/
Retail boom at holiday time
As millions of Cambodians prepare for Lunar New Year celebrations, Phnom Penh retailers say residents are spending more on the 2015 festivities than ever before. Independent economist Srey Chanthy told the Post that a dip in petrol prices had helped lower-income Cambodians increase their purchasing ...
Hor Kimsay
http://www.phnompenhpost.com/retail-boom-holiday-time
IMF sees exports to US offsetting China slowdown
Cambodia’s economy is expected to benefit from a strong recovery in the US markets and the fall of global oil prices, driving its high growth trend, according to the International Monetary Fund’s projection for the Asia-Pacific region. ...
Kimsay Hor
http://bit.ly/1E0h3a5
Gov’t to reduce reliance on hydro
The government will prioritise renewable energy development rather than hydroelectric power, Electricite du Cambodge (EdC) director-general Keo Rattanak has said. Private sector insiders have hailed the decision, saying investment in solar power would make the Kingdom’s manufacturing sector more competitive due to lower prices. ...
Thou Vireak
https://www.phnompenhpost.com/business/govt-reduce-reliance-hydro
Gov’t mulls suspending duty on rubber exports
The government will consider suspending its $50 per ton export duty on rubber following lobbying by local producers who say they are operating at a loss due to the sharp fall in global prices for the commodity, Agriculture Ministry secretary of state Eang Sophalleth said ...
Sum Manet
http://www.khmertimeskh.com/news/21714/gov---t-mulls-suspending-duty-on-rubber-exports/
PetroVietnam Suspends Kompong Thom Operation
Low oil prices and internal management changes have forced PetroVietnam Exploration Production Corporation (PVEP), a member of the state-owned Vietnam Oil and Gas Group, to suspend its operations in Kompong Thom, a senior official with the Ministry of Mines and Energy (MME) said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/23646/petrovietnam-suspends-kompong-thom-operation/
Port shares rise 7 percent since debut
Share prices of Phnom Penh Autonomous Port (PPAP), Cambodia’s second-largest port, have been rising steadily since their December 9 debut, while the volume of shares changing hand has been heavier compared to the two other companies listed on the Cambodia Securities Exchanges (CSX), officials say. ...
May Kunmakara
http://www.khmertimeskh.com/news/18986/port-shares-rise-7-percent-since-debut/
Cambodia sets up telco regulatory body
Telecommunication Regulator of Cambodia (TRC) will supervise the country’s telecoms sector, govern rules and regulations over the establishment of fair pricing, and inspect techniques and administration of networks.. Cambodia on Thursday officially launched the Telecommunications Regulator of Cambodia (TRC) which will be responsible for overseeing the ...
http://www.zdnet.com/cambodia-sets-up-telco-regulatory-body-7000004604/
Cambodia rice industry fears, cheers Thai policy
The Thai government’s move to stabilise rice prices for the 2014 harvest season has prompted mixed reactions from local rice industry representatives. Sok Puthyvuth, president of the Cambodia Rice Federation said yesterday the policy would impact Cambodia negatively when Thailand is forced to sell ...
Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-rice-industry-fears-cheers-thai-policy
Gov’t meets with landlords to discuss new electricity scheme
Less than a week after Prime Minister Hun Sen announced plans to reduce the price that migrant workers in Phnom Penh pay for electricity, the municipality hosted 12 public forums Monday to discuss a new payment scheme to be overseen by state operator Electricite du ...
World bank expecting economic slowdown to persist
The World Bank is forecasting a continued slowdown of Cambodia’s economy over the next three years because of rising local production costs, sluggish global rice prices and other headwinds. The prediction is a gloomy counterpoint to the coming rebound the Asian Development Bank (ADB) forecast ...
Zsombor Peter
https://www.cambodiadaily.com/business/world-bank-expecting-economic-slowdown-to-persist-81956/
Slow rubber market puts law on back burner
The Ministry of Agriculture, Forestry and Fisheries has postponed the finalisation of a draft rubber law amid declining rubber prices, according to a senior official. Under the draft law, producers must be more selective in choosing the type of rubber for plantation and only processed ...
Chan Muyhong
http://www.phnompenhpost.com/business/slow-rubber-market-puts-law-back-burner
Kratie rice wine operations halted amid poisoning
Rice wine operations in Kratie province have been shut down indefinitely with immediate effect after a toxic batch recently killed several people and hospitalised others. Kratie provincial industry and handicraft department head Ny Chhun said the objective of the move is to reduce the harm ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/kratie-rice-wine-operations-halted-amid-poisoning
Rubber association to appeal for suspension of export tax
The Association for Rubber Development in Cambodia will submit a letter to the government asking it to suspend export taxes on rubber due to the sharp decline in its price and to prevent more farmers from going out of business, its secretary general, Men Sopheak, ...
May Kunmakara
http://www.khmertimeskh.com/news/21034/rubber-association-to-appeal-for-suspension-of-export-tax/
March inflation rate rises to 4.3 percent
Although growth in Cambodia’s consumer price index (CPI) went up by 4.3 percent year-on-year in March, according to latest figures from the National Institute of Statistics, an expert maintains that the increase in cost of living will have minimal effect on the lives of Cambodians. ...
May Kunmakara
http://www.khmertimeskh.com/news/39611/march-inflation-rate-rises-to-4-3-percent/