One family settles land dispute, 2nd holds out
One of two Phnom Penh families involved in a long-running land dispute with a powerful real estate tycoon accepted the businessman’s latest compensation offer during negotiations Tuesday brokered by the Housing Rights Task Force, though the other family has continued to hold out. The two families, ss='cambodia-color'>...
Ben Sokhean
http://www.cambodiadaily.com/news/one-family-settles-land-dispute-2nd-holds-out-65812/
Oknha told to stop road construction on Kampot mangroves
A prominent local businessman was ordered on Monday to cease construction work for a road in a mangrove forest in Kampot province after authorities learned it was being carried out in a protected area. Kampot provincial governor Cheav Tay instructed Oknha Kuy Leang Ky this ss='cambodia-color'>...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/oknha-told-stop-road-construction-kampot-mangroves
Boosting domestic vegetable production to curb imports
The country planted a variety of vegetables covering a total 58,000 hectares of land nationwide by the end of 2019 that produced 68 per cent of local market demand, according to Ministry of Agriculture’s spokesperson srey Vuthy. By 2023, he wants this to increase to 63,000 ss='cambodia-color'>...
Chhut Bunthoeun
https://www.khmertimeskh.com/50676080/boosting-domestic-vegetable-production-to-curb-imports
Jica seeks to turn PP, towns into smart cities
Japanese International Cooperation Agency (Jica) representatives have sought support from siem Reap’s Apsara National Authority (ANA) to transform the ancient capital into a smart city. The call was made in February last year after the government approved three cities to join the Asean smart Cities ss='cambodia-color'>...
May Kunmakara
https://www.phnompenhpost.com/national/jica-seeks-turn-pp-towns-smart-cities
Minister Chea Sophara presides over ceremony for new building
Minister Chea sophara yesterday reportedly presided over a ground-breaking ceremony for the construction of a new Land Management Ministry building on a three-hectare plot of land in the capital’s sen sok district. The ministry last week announced it will be relocating to the new premises ss='cambodia-color'>...
Mom Kunthear
https://www.khmertimeskh.com/50684881/minister-chea-sophara-presides-over-ceremony-for-new-building
Foreign Ministry notes challenges to foreign policy
The Foreign Affairs Ministry said yesterday that Cambodia’s foreign policy faces huge challenges from foreign interference under the pretext of human rights, the south China sea dispute and the trade war between the Us and China. In its annual report, the ministry noted that the ss='cambodia-color'>...
Sun Mesa
https://www.khmertimeskh.com/50685785/foreign-ministry-notes-challenges-to-foreign-policy
Illegal logging report disputed in Kampong Speu
Civil society organisation ACNCIPO director Chea Hean said on Thursday that he has discovered a resurgence of large-scale logging within areas of the south Cardamom Mountains in Kampong speu province’s Oral district, a claim shot down by authorities. ss='cambodia-color'>...
Soth Koemsoeun
https://www.phnompenhpost.com/national/illegal-logging-report-disputed-kampong-speu
Ministry: EBA decision ‘politically driven’
The Ministry of Foreign Affairs and International Cooperation has reacted to the European Commission’s (EC) decision to partially suspend the Everything But Arms (EBA) scheme, saying it did not reflect the reality in Cambodia. An analyst also said the suspension would not make the Cambodian ss='cambodia-color'>...
Niem Chheng
https://www.phnompenhpost.com/national-politics/ministry-eba-decision-politically-driven
Economy to contract for the first time since conflict ended
The International Monetary Fund (IMF) has predicted Cambodia’s 2020 Gross Domestic Product will contract by -1.7 percent this year in line with a global contraction of -3.0 percent. The reduction in GDP represents an economic downturn the world has not seen since the Great Depression, ss='cambodia-color'>...
Harrison White
https://www.khmertimeskh.com/50713591/economy-to-contract-for-the-first-time-since-conflict-ended/
Energy conservation and cost-cutting measures
As the majority of the population opts to stay home during the pandemic, the domestic demand for energy has been running high. Data from the Mines and Energy Ministry stated as of last year, around 2.68 million households, or approximately 75 percent of the country’s ss='cambodia-color'>...
Som Kanika
https://www.khmertimeskh.com/50722001/energy-conservation-and-cost-cutting-measures/
Record Bad Medicine Haul
Police seized more than two tonnes of dangerous counterfeit medication on saturday and arrested a Phnom Penh pharmacy owner in a sting officials say has netted the largest-ever haul of illegal medication in Cambodia. After nine days of surveillance, the Ministry of Interior’s Economic Police unit swooped ss='cambodia-color'>...
Market Capitalisation fell by 22 percent in Q1 2020
The Capital Market saw a 22 per cent drop capitalisation in the first quarter of the year, bringing the market capitalisation to around $544million, compared with the fourth quarter of 2019. From January to March in 2020, the Phnom Penh special Economic Zone (PPsP)’s share ss='cambodia-color'>...
Sok Chan
https://www.khmertimeskh.com/50726057/market-capitalisation-fell-by-22-percent-in-q1-2020/
Training needed for tourist industry
Representatives of Cambodia’s booming tourism industry yesterday called on the Asian Development Bank to provide funding for workforce training in the sector. During the meeting at the Cambodia Chamber of Commerce, tour operator Ho Vandy, who also co-chairs the Tourism Working Group in the Government-Private sector Forum, said representatives ss='cambodia-color'>...
Forte Insurance predictions positive
Charles Cheo, managing director of Forte Insurance, is sanguine on the growth prospects of Cambodia’s Us$30 million general insurance market, even though there are five other general insurers competing against Forte, and three new life insurers entering the market. Forte established a presence in Cambodia in ss='cambodia-color'>...
Sumitomo Mitsui bank returns to Kingdom after 45 years
Sumitomo MitSui Banking Corporation&nbSp;(SMBC) of Japan will Sign a memorandum of underStanding with&nbSp;Acleda Bank Plc&nbSp;thiS weekend for mutual buSineSS co-operation. Senior Acleda officialS Said the agreement would help to improve inveStment and trade from Japan to Cambodia. &nbSp; Acleda will alSo give JapaneSe inveStorS and buSineSSeS advice SS='cambodia-color'>...
Toll Royal derails regional projects
The unclear future of Cambodia’s national railway, following Toll Royal Railways’ suspension of operations on March 31, has cast doubt not only on the oft-delayed redevelopment project but also on a larger build-out expected to connect much of Asia. Toll Royal, a joint venture by Australian ss='cambodia-color'>...
Cambodia to lose $3bn in revenue from tourism sector
Minister Thong Khon said during the launch of additional safety measures for tourism-based business that the global virus has hit the tourism sector the hardest around the world and Cambodia will see it’s foreign and local visitors decline by about 70 percent and 50 percent ss='cambodia-color'>...
Khmer Times Staff
https://www.khmertimeskh.com/50730893/cambodia-to-lose-3b-in-revenue-from-tourism-sector/
Draft law reviewed to curb money laundering
Interior Minister sar Kheng yesterday held a meeting to review a draft law on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in a bid to curb money laundering in the Kingdom. The move is motivated by the global money-laundering watchdog Financial Action ss='cambodia-color'>...
Khuon Narim
https://www.khmertimeskh.com/50718096/draft-law-reviewed-to-curb-money-laundering/
Regulator gears up for mobile pricing showdown
Cambodia’s telecommunications regulator yesterday stepped up efforts to avert a brewing price war between the country’s six mobile network operators, ordering the companies to submit profitability statements within the next 10 days and summoning all operators to a meeting at the end of the month ss='cambodia-color'>...
Kali Kotoski
http://www.phnompenhpost.com/business/regulator-gears-mobile-pricing-showdown
CEO: Up to 300,000 tonnes of palm oil ‘possible’ this year
Crop-friendly weather is set to underpin growth in Cambodia’s output of crude palm oil beyond prior estimates, industry insiders have said. The oil palm, also known by its botanical name Elaeis guineensis, is a tropical plant cultivar which is said to have originated in the ancient ss='cambodia-color'>...
Hin Pisei
https://www.phnompenhpost.com/business/ceo-300000-tonnes-palm-oil-possible-year