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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 ...

Sek Odom
https://www.cambodiadaily.com/news/govt-meets-with-landlords-to-discuss-new-electricity-scheme-76419/

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/

Electric bill hike gets thumbs down

More than 200 villagers in Preah Vihear town thumb-printed a joint complaint to rights group Adhoc over the weekend asking them to appeal to provincial authorities to intervene after their private electricity company raised its prices by more than 1,000 riel per kilowatt hour, NGO ...

http://www.phnompenhpost.com/index.php/2012070957295/National-news/electric-bill-hike.html

Minister says national exam costs are fair

With the Grade 12 national high school exam about two weeks away, a group of five NGOs sent a letter to the Ministry of Education on Monday asking the government to prevent guesthouses from hiking their prices for students who have to stay overnight in ...

Huot Chanpav and Janelle Retka
https://www.cambodiadaily.com/news/minister-says-national-exam-costs-are-fair-91374/

Experts forecast resumption of overlapping claim area talks

Energy experts say Thailand and Cambodia will resume talks to settle their dispute on an overlapping claim area (OCA) in order to jointly benefit from a new petroleum source and relieve the impact of energy price fluctuations. ...

Khmer Times Staff
https://www.khmertimeskh.com/501136415/experts-forecast-resumption-of-overlapping-claim-area-talks/

Pestech rises 4.5% after announcing plans to list unit in Cambodia

Pestech International Bhd’s share price rose 28 sen or 4.47% to RM6.55 today, emerging as the second top gainer across the bourse, after RHB Research upgraded its “take profit” call on the counter to “buy”, following Pestech’s announcement yesterday that it intends to list its ...

Tan Siew Mung
http://www.theedgemarkets.com/my/article/pestech-rises-45-after-announcing-plans-list-unit-cambodia

PPSEZ IPO fully subscribed

After an unexpected surge in Thai investor interest, Phnom Penh SEZ Plc has secured sufficient commitments to fully cover the strategic and bookbuild share allocations of its initial public offering (IPO), and has determined an issue price for shares to be listed on the Cambodian ...

Cam McGrath
http://www.phnompenhpost.com/business/ppsez-ipo-fully-subscribed

Bright prospects in sight for banana farmers

The banana is Cambodia’s national fruit and makes an excellent after-meal dessert. But its popularity extends further than just being a sweet fruit. Due to its affordable price, it’s also food for the poor and can be used regularly as offerings to the spirits or ...

Chea Vannak
http://www.khmertimeskh.com/news/37085/bright-prospects-in-sight-for-banana-farmers/

Government opens $27M emergency fund to corn farmers

The government has officially made $27 million in emergency funds, initially intended for the rice sector, available for struggling corn farmers at a 5 percent annual interest rate to help prop up low market prices and free up liquidity after farmers protested earlier this month, ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/government-opens-27m-emergency-fund-corn-farmers

Koh Rong land hard titles released to fasttrack Island Development Plan

After the government confirmed legal land titles to residents of Koh Rong and ends conflict and uncertainty between land of residents and land of companies on 14 July 2017, it is highly likely that land prices will skyrocket and Koh Rong will change its new ...

Ky Kosal
https://www.realestate.com.kh/news/Koh-Rong-Land-Hard-Titles-Released-Today-to-Fasttrack-Island-Development-Plan/

More than 10,700 new business establishments set up in Cambodia in 2022, an increase of 39 percent

Cambodia issued operating licenses to 10,701 new companies in 2022, up 39 percent from 7,677 firms in 2021, said a Ministry of Commerce’s report released on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501229929/more-than-10700-new-business-establishments-set-up-in-cambodia-in-2022-an-increase-of-39-percent/

Public and private educational institutions in Phnom Penh to be shuttered from November 10-12, 2022

The Ministry of Education, Youth and Sports has announced the temporary suspension of public and private educational institutions at all levels in Phnom Penh from November 10-12, 2022 to reduce traffic congestion for the people and facilitate the movement of numerous VVIP convoys for the ...

Khmer Times Staff
https://www.khmertimeskh.com/501149843/public-and-private-educational-institutions-in-phnom-penh-to-be-shuttered-from-november-10-12-2022/

New pepper federation set to promote sector

The government has formed a new federation for the country’s pepper industry to enhance the market and solve challenges in the sector, as the cash crop is currently facing depressed prices. The Cambodia Pepper and Spice Federation was jointly formed last Friday by the Ministries ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/new-pepper-federation-set-promote-sector

Export cassava to Thailand, says ministry

Cambodia’s cassava growers have been asked to target Thailand as an export market due to the high demand for the starch-tuber in the neighboring country to produce ethanol, animal feed and flour, while little is done at home to stabilize prices and provide assistance to ...

Chea Vannak
http://www.khmertimeskh.com/news/26425/export-cassava-to-thailand--says-ministry/

CRF wants to track rice loans

The Cambodia Rice Federation (CRF) has submitted a proposal to the government for the setting up of a joint executive financial committee to ensure that the $27 million emergency loan to rice millers to purchase paddy rice from farmers, in a bid to prevent rice ...

Sok Chan
http://www.khmertimeskh.com/news/30381/crf-wants-to-track-rice-loans/

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