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Cargo giants call on Sihanoukville port

As Cambodia’s sole deep-sea port in Sihanoukville looks to increase its presence on global shipping routes, the decision by two major Chinese shipping companies six months ago to call at the port has seen mixed results, with one firm already dropping out due to low ...

Sor Chandara
http://www.phnompenhpost.com/business/cargo-giants-call-sihanoukville-port

Malaysian firm wagers on Sihanoukville's potential

An obscure Malaysian company has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville, with an online promotional video claiming the firm will transform the coastal city into the “Macau of Southeast Asia.”     ...

Sor Chandara
http://www.phnompenhpost.com/business/malaysian-firm-wagers-sihanoukvilles-potential

Boeung Kak residents testify on assault

Five of the 11 members of the Boeung Kak lake community who were beaten by police while peacefully protesting at Wat Phnom in 2013 and later filed a lawsuit against district officials were called to testify at the Ministry of Interior yesterday. ...

Pav Suy
http://www.khmertimeskh.com/news/25408/boeung-kak-residents-testify-on-assault/

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

Cambodia stuck on money laundering blacklist

Cambodia has been listed as the highest-risk nation in ASEAN, and ranks sixth globally, for its susceptibility to money laundering and terrorism financing in a recently released global index that charts the vulnerability of 149 nations. ...

Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-stuck-money-laundering-blacklist

Listed firms lax on fiscal reports

Six weeks since the close of the fiscal first half, none of the four listed companies on Cambodia’s stock exchange have issued their required half-year financial statements, and one firm has not disclosed any financial data since 2014 – casting doubts on the tiny bourse’s ...

Kali Kotoski
http://www.phnompenhpost.com/business/listed-firms-lax-fiscal-reports

Demand for flour on the rise

Wheat products have never had a big market in Cambodia, where meals revolve around rice, but Western influences are increasingly shaping local tastes and creating an appetite for flour products. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/demand-flour-rise

Terms announced on rice lending package

The government-owned bank charged with issuing $27 million in emergency loans to rice millers as part of an initiative aimed at propping up the struggling rice industry announced the terms of the credit lines yesterday, and said it would ensure that the funds were used ...

Hor Kimsay
http://www.phnompenhpost.com/business/terms-announced-rice-lending-package

Lower Sesan II dam on schedule

The Lower Sesan II dam is expected to generate electricity as planned by 2017, filling a power void in the country as national grid construction is under way, according to the deputy provincial governor of Stung Treng. The dam, located in Stung Treng province’s Sesan district, ...

Chea Vannak
http://www.khmertimeskh.com/news/30380/lower-sesan-ii-dam-on-schedule/

Bassaka puts the blame on CAMS

The government has asked the company that manages airports in Cambodia to explain why, according to airline Bassaka Air, it demanded $240 from the carrier for helping a disabled passenger board one of its aircraft.Bassaka Air, which found itself at the centre of a media ...

Pech Sotheary
http://www.phnompenhpost.com/national/bassaka-puts-blame-cams

Potholes on a path to progress

Cambodia marginally improved its global competitive ranking this year, moving up five spots to place 90th out of 144 nations surveyed, with weak public institutions and lack of innovation continuing to affect its economic progress, according to a newly released World Economic Forum report.The Global ...

Ananth Baliga
http://www.phnompenhpost.com/business/potholes-path-progress

Hun Sen warns on Rains, Rice

Prime Minister Hun Sen yesterday expressed concern about agricultural productivity in the rainy season, as the rains so far this year have been worryingly scarce. ...

Chea Vannak
http://www.khmertimeskh.com/news/16537/hun-sen-warns-on-rains--rice/

Government remains optimistic on economic growth

The government yesterday slightly lowered its growth forecast for this year – from 7 to 6.9 percent – citing slowing growth in China and Europe as well as the appreciation of the US dollar as the reasons for the cut. ...

May Kunmakara
http://www.khmertimeskh.com/news/17012/government-remains-optimistic-on-economic-growth/

ACU battles judicial association on corruption

The Anti-Corruption Unit (ACU) has refused to supervise the upcoming exam for new judges organized by the Royal Academy for Judicial Professions (RAJP), claiming that the RAJP “lacks the will” to work with them on fighting against widespread judicial corruption. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/18224/acu-battles-judicial-association-on-corruption/

Kingdom ranks low on gender equality

In spite of gains, gender inequality in Cambodia remains significant, particularly in education and political empowerment, according to the World Economic Forum’s recently released 2015 Global Gender Gap Report. ...

Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/kingdom-ranks-low-gender-equality

MFIs moving swiftly on mobile banking

Microfinance institutions (MFIs) have been expanding their financial services to include the use of mobile phones, a move aimed at boosting services for people in rural areas who find it difficult or expensive to travel to offices in towns or villages. ...

Chea Vannak
http://www.khmertimeskh.com/news/22797/mfis-moving-swiftly-on-mobile-banking/

Drought weighs on fishery production target

While Cambodia’s Ministry of Agriculture, Forestry and Fisheries aims to increase fish production by 1.3 per cent this year, members of fishery organisations believe that is an unlikely target as drought conditions have tapped out natural resources. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/drought-weighs-fishery-production-target

Illegal fishing crackdown on Tonle Sap

Fishery officials are attempting to crack down on illegal fishing along the Tonle Sap in Pursat province’s Krakor district, citing the need to preserve resources for local communities whose livelihoods depend on fishing. ...

Pav Suy
http://www.khmertimeskh.com/news/25821/illegal-fishing-crackdown-on-tonle-sap/

Rosewood seized on three military trucks

Three military trucks were caught transporting illegally logged rosewood by Tbong Khmum authorities yesterday, according to the National Police website. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/26078/rosewood-seized-on-three-military-trucks/

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