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OPIC plans more investment in Cambodian MFIs

A US government finance inStitution planS to inject more capital into Cambodia&rSquo;S buSineSSeS, forecaSting rapid growth in Small buSineSS and microfinance inStitutionS around the country. The development finance inStitution OverSeaS Private InveStment Corporation (OPIC) iS looking to inveSt in Cambodia&rSquo;S Small and medium enterpriSeS (SMES) SS='cambodia-color'>...

Sok Chan
http://www.khmertimeskh.com/news/17866/opic-plans-more-investment-in-cambodian-mfis/

Dozens rally to support monk threatened with defrocking

Dozens of activist monks rallied on sunday at Wat stung Meanchey to protest the pagoda’s decision to defrock a fellow monk for allegedly throwing Buddha statues into a dirty pond, claiming that he was framed because he is Khmer Krom and is known for supporting ss='cambodia-color'>...

Ben Sokhean
https://www.cambodiadaily.com/news/dozens-rally-to-support-monk-threatened-with-defrocking-102209/

Ministry of social affairs launches investigation into church

A U.S.-baSed PentecoStal miniStry with an extenSive network of “orphan homeS” in Cambodia will be inveStigated by the MiniStry of Social AffairS after allegationS of Sexual abuSe Surfaced at one of itS centerS in Kratie province, though the organization will be allowed three monthS to SS='cambodia-color'>...

Taylor O'Connell and Buth Kimsay
https://www.cambodiadaily.com/news/ministry-of-social-affairs-launches-investigation-into-church-102461/

Phnom Penh land prices, condo sales continue to surge

The Phnom Penh property market continued to see a broad rise in sales and rental values during the final quarter of last year, with land values across the capital’s four central districts rising by an average of 8.4 percent from the third quarter, according to ss='cambodia-color'>...

Sum Manet
http://www.khmertimeskh.com/news/22620/phnom-penh-land-prices--condo-sales-continue-to-surge/

Thais to build biomass plant for Phnom Penh

Thailand’s sahacogen (Chonburi) Pcl, an independent producer and distributor of electricity and steam, will form a joint venture with saha Patthana Inter Holding Pcl, the investment arm of Thailand’s saha Group, to invest in biomass power plants in Cambodia and Myanmar, according to online business ss='cambodia-color'>...

Post Staff
http://www.phnompenhpost.com/business/thais-build-biomass-plant-phnom-penh

ADB to muscle up its lending with pledge of $1B

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ss='cambodia-color'>...

Kali Kotoski
http://www.phnompenhpost.com/business/adb-muscle-its-lending-pledge-1b

Boycott may lead to fines

Opposition members of the National Assembly may soon have their pay and expenses docked if they continue their months-long boycott of the sessions. The Parliamentary Permanent Committee is thinking of amending the National Assembly’s internal regulations to include disciplinary articles concerning members who boycott sessions, including ss='cambodia-color'>...

Taing Vida
http://www.khmertimeskh.com/news/30570/boycott-may-lead-to-fines/

New Cambodia-Thai border gate

Terminal facilities, a road connecting to National Road 5 and a bridge linking stung Bot in Cambodia with Ban Nong Ian in Thailand will begin construction next year. The entirety of the bridge, including Cambodia’s side, will be constructed by Thailand, according to Va sim soriya, ss='cambodia-color'>...

Chea Vannak
http://www.khmertimeskh.com/news/33374/new-cambodia-thai-border-gate/

Silk weavers find it tough

Today, mulberry trees are a rarity in Cambodia – most of them having been destroyed during the Khmer Rouge era – and silk weavers in Phnom Penh’s main silk producing area in Koh Dach, an island on the Mekong river, have no choice but to ss='cambodia-color'>...

Chea Vannak
http://www.khmertimeskh.com/news/36568/silk-weavers-find-it-tough/

As count ticks upward, parties spin competing narratives

With official tallies from sunday’s commune elections slowed by internet hiccups, both major political parties provided similar results but different stories on Monday on which had won a vote that drew a record 7 million Cambodians to the polls—300,000 more than had been previously reported ss='cambodia-color'>...

Ben Paviour and Kuch Naren
https://www.cambodiadaily.com/news/as-count-ticks-upward-parties-spin-competing-narratives-130998/

Notification on the temporary suspension of the implementation of VAT on nontaxable supplies

On 06 July 2017, the General Department of Taxation has issued a notice to all financial institutions operating in the Kingdom of Cambodia to be aware that the implementation of a May 25 prakas that more clearly defines the government’s laws for nontaxable supplies concerning ss='cambodia-color'>...

General Department of Taxation

Download: pdf

Sesan residents brace for floods

The doors of the Lower sesan II dam were closed on saturday for a monthlong test run, forcing more than 100 families holding out in stung Treng’s srekor and Kbal Romea communes to prepare for floods. since the doors’ closure on saturday morning, water levels ss='cambodia-color'>...

Phak Seangly
http://www.phnompenhpost.com/national/sesan-residents-brace-floods

ADB urges implementation of cross-border transport pact

As growing trade and investment linkages in Asia and the Pacific have helped to improve the region’s overall resilience to global economic and trade policy uncertainties, countries in the Greater Mekong subregion (GMs) need to make swifter progress in streamlining trade through multilateral agreements that ss='cambodia-color'>...

Post Staff
http://www.phnompenhpost.com/business/adb-urges-implementation-cross-border-transport-pact

World Bank outlook remains bright despite political concern

Cambodia’s economy is predicted to remain strong and resilient for the next two years, fuelled by a shift to higher value-added manufacturing, despite lingering concerns over political stability and the slowed growth of both the construction and garment sectors, the World Bank said yesterday in ss='cambodia-color'>...

Kali Kotoski
http://www.phnompenhpost.com/business/world-bank-outlook-remains-bright-despite-political-concern

As Hun Sen goads West, minister quietly notes massive cost of sanctions

With Prime Minister Hun sen publicly daring Western countries to impose sanctions in response to the recent dissolution of the country’s main opposition, the minister of commerce has quietly expressed concern at the staggering customs bill Cambodia would incur should the EU suspend its preferential ss='cambodia-color'>...

Hor Kimsay and Ananth Baliga
http://www.phnompenhpost.com/national-politics/hun-sen-goads-west-minister-quietly-notes-massive-cost-sanctions

Sesan dam gets land concession

The government has reclassified 32,305 hectares of public land in stung Treng province’s sesan district to provide an economic land concession for the Lower sesan II dam. According to a sub-decree signed by Prime Minister Hun sen on November 17, the land covers part of ss='cambodia-color'>...

May Titthara
http://www.khmertimeskh.com/5097362/sesan-dam-gets-land-concession/

Borei Keila members told to stop protests

District authorities warned Borei Keila residents yesterday during a meeting to stop protesting lest they be arrested. On Wednesday, representatives from seven families gathered in front of the house of suy sophan, the owner of Phanimex, to demand what they deem just compensation for vacating their ss='cambodia-color'>...

Leonie Kijewski
http://www.phnompenhpost.com/national/borei-keila-members-told-stop-protests

Date set for annual clean city day

The government has set February 27 as annual National Clean City Day to remind people to care for the country’s urban areas. Prime Minister Hun sen made the announcement in a letter to mark the 6th anniversary of National Clean City Day, which has been ss='cambodia-color'>...

Mom Kunthear
http://www.khmertimeskh.com/50109302/date-set-annual-clean-city-day/

Phnom Penh City Hall unveils disaster plan

City Hall yesterday released Phnom Penh’s first ever disaster response plan, which promises to better prepare the capital for emergencies, especially floods and fires. The 73-page Emergency Response Preparedness Plan (EPRP) will be distributed to officials down to the commune level and designates responsibilities for preparing ss='cambodia-color'>...

Ouk Suntharoth and Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/phnom-penh-city-hall-unveils-disaster-plan

Smuggled croc skins seized

Takeo provincial military police yesterday seized 3,900 kilos of dried crocodile hides being smuggled into the country from Vietnam. Major Bun sothy, Takeo provincial military police deputy commander, said the crocodile skins, worth about $24,000, were being smuggled into Koh Andet district from Vietnam’s An Giang ss='cambodia-color'>...

Buth Reaksmey Kongkea
http://www.khmertimeskh.com/50111833/smuggled-croc-skins-seized/

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