Buses, Taxis Ignore Appeals to Maintain Fees
As Khmer New Year approaches, Phnom Penh Municipality has once again made its annual appeal to bus companies and taxi drivers not to raise fees during the holiday. But as usual, drivers and companies say they will be ignoring the request. Phnom Penh Governor Kep Chuktema said ...
‘At a loss’ over land clearance
The authorities are at a loss over who had cleared and demarcated more than 50ha of mangrove forests in Village I, Tumnob Rolok commune, Stung Hav district, in Preah Sihanouk province. Kim Hak, who heads the community protecting the flooded Tumnob Rolok forest and the ...
Voun Dara
https://www.phnompenhpost.com/national/loss-over-land-clearance
Outrage over boarding charges
A government minister has threatened legal action, and disability groups are up in arms, after a small Cambodian airline forced a disabled passenger to pay $240 on top of her ticket price for help getting on and off an aircraft.Bassaka Air has admitted demanding the ...
Pech Sotheary
http://www.phnompenhpost.com/national/outrage-over-boarding-charges
Takeo’s Bati district could become a hotspot for garment factories
Land prices in Krang Thnong commune, in Takeo’s Bati district near National Road 2, have recently multiplied by up to ten times compared to five years ago after two garment factories started being constructed in the rural community this year, locals claim.Meanwhile, the area might ...
Dit Sokthy and Hanamariya Halim
http://www.phnompenhpost.com/real-estate/takeos-bati-district-could-become-hotspot-garment-factories
Rice exports up, but cash shortage hitting
Rice exports for the first quarter of the year jumped 8.5 percent to 162,220 tons from 149,464 tons for the same period last year, but in March the figure dropped 14.5 percent, or 9,592 tons, to 66,275 tons in the face of competition from Thailand, ...
Sok Chan
http://www.khmertimeskh.com/news/23629/rice-exports-up--but-cash-shortage-hitting/
CRF: $200M in emergency loans needed for rice sector
The Cambodia Rice Federation (CRF) has asked the state-owned Rural Development Bank (RDB) to provide $200 million in emergency loans to buy paddy from farmers during the ongoing post-monsoon harvest season as falling prices threaten their livelihoods. ...
Thou Vireak
https://www.phnompenhpost.com/business/crf-200m-emergency-loans-needed-rice-sector
Cashew nut harvest likely to decline
As the end of this year’s cashew harvest nears, the yield in two major producing provinces has fallen compared with last year, officials and farmers said, while traders said that the price of the nuts had also dropped since last year. In Kompong Cham province, this ...
PPWSA closes higher after a week down
For the first time in weeks, Phnom Penh Water Supply Authority yesterday closed up 4.35 per cent, a sign the stock was stablising after a rough opening, insiders said. After an eight-day price decline, PPWSA – the sole listed company on the Cambodia Securities Exchange – ...
http://www.phnompenhpost.com/index.php/2012050956046/Business/follow-up-ipos-still-on-track.html
Cambodia's rubber exports up 29 pct in 5 months
Cambodia reported a 29 percent rise in dry rubber exports in the first five months of 2013, but revenues from the exports rose only 4 percent due to price decline in international markets. Currently, the country has about 300,000 hectares of rubber trees, according to ...
http://www.asean-china-center.org/english/2013-07/19/c_132556398.htm#
S Reap fish paste production halts over weak demand
Villagers in Kampong Khlaing commune in Siem Reap province’s Sotr Nikum district have halted Kamlearnh fish paste production due to lagging demand, according to the industry’s representative body. Proum Hong, president of Kampong Khlaing Fish Paste Producers Association (KKFPPA), said the inflated price of the product, ...
Chan Muyhong
http://www.phnompenhpost.com/business/s-reap-fish-paste-production-halts-over-weak-demand
Violence ‘cost economy $1.5B’
The consequences and containment of violence cost the Cambodian economy over $1.5 billion in 2013, just under 10 per cent of its estimated GDP for the period, according to the Institute for Economics & Peace’s Global Peace Index released yesterday. According to IEP executive chairman ...
Stuart White
http://www.phnompenhpost.com/national/violence-%E2%80%98cost-economy-15b%E2%80%99
Rolls-Royce opens showroom
Rolls-Royce officially launched its showroom in Cambodia yesterday, with both government and the luxury-car maker forecasting a rosy sales outlook for the high-end vehicle. In June, Rolls-Royce appointed HGB Group Co Ltd, the distributor for Mazda and Kia vehicles in Cambodia, to be the official dealership. ...
Chan Muyhong
http://www.phnompenhpost.com/rolls-royce-opens-showroom
PM urges farmers to diversify crops amid shortage of water
Prime Minister Hun Sen on Thursday called for farmers to diversify beyond rice during the dry season, amid meteorologists’ warnings that a decline in water levels due to drought will adversely impact output and prices. ...
May Kunmakara
https://www.phnompenhpost.com/business/pm-urges-farmers-diversify-crops-amid-shortage-water
PPSP says shares are ‘undervalued’ in buyback
The industrial park operator Phnom Penh Special Economic Zone (CSX: PPSP) believes its falling share price now offers a good investment as the board proposed its share buyback plan to the regulator yesterday. ...
Harrison White
https://www.khmertimeskh.com/50793013/ppsp-says-shares-are-undervalued-in-buyback/
Posts ministry offers rapid test kits at cost from S Korea, China
The Ministry of Posts and Telecommunications has announced that it will distribute two types of Covid-19 antigen rapid tests from South Korea and China, which will be made widely available at cost price. ...
Voun Dara
https://www.phnompenhpost.com/national/posts-ministry-offers-rapid-test-kits-cost-s-korea-china
Cassava exports up nearly 22.1%
The Kingdom exported 2,793,729.92 tonnes of cassava in 2021, up by nearly 22.1 per cent from a year earlier, as industry players note that domestic wholesale prices of the tubers remain elevated compared with average 2020 rates. ...
Hom Phanet
https://www.phnompenhpost.com/business/cassava-exports-nearly-221
Little appetite for garment strike in Phnom Penh
Most garment factories did not open for business Thursday, choosing to extend the Khmer New Year holidays—which officially ended Wednesday—rather than face industrial action in the form of a planned nationwide stay-at-home strike. However, a number of workers interviewed Thursday said they knew nothing about the ...
Zsombor Peter and Mech Dara
http://www.cambodiadaily.com/news/little-appetite-for-garment-strike-in-phnom-penh-56695/
Okvau resource’s value at centre of dispute
Gold in Mondolkiri is at the center of a dispute between OZ Minerals and Shin Ha Mining Co Ltd after an alleged breach in contract. OZ Minerals bought out Shin Ha Mining Co Ltd from their joint venture without paying the true value of the ...
Poipet real estate market full steam ahead
The reopening of a 48-kilometre rail line between Poipet and Serey Sophorn in Banteay Meanchey province this month was a milestone in the long-delayed plan to restore passenger and commercial train service along the Northern Line that connects Poipet to the capital. But it is ...
Vat Vin
https://www.phnompenhpost.com/post-property/poipet-real-estate-market-full-steam-ahead
Higher wages hit GTI bottom line
The increase in the government-set minimum wage in the garment sector and lower prices have hit the bottom line of Grand Twins International (GTI), the only company in the sector listed on the stock exchange. The company yesterday reported revenue for the year ended December 31 ...
May Kunmakara
http://www.khmertimeskh.com/news/23572/higher-wages-hit-gti-bottom-line/