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Protected forest ‘is finished’

In the latest government backed appropriation of protected land, nearly 20,000 hectares of the Boeung Per wildlife sanctuary have been reclassified as state private land for agro-industrial development. Two sub-decrees, obtained by The Post this week and initialed by Prime Minister Hun Sen on July ...

http://www.phnompenhpost.com/

China, Cambodia Ink 29 Agreements for Economic and Trade Ties

The relations between People’s Republic of China and Cambodia have become closer in the way of culture, in which China is the most important strategic development partner in improving Cambodia’s economic growth through both financial and technical grant aids,” Mr. Eang Sophalet, assistant to Samdech ...

http://thesoutheastasiaweekly.com/

Sihanoukville Runs Dry During Water Crisis

A water shortage in the tourist town of Sihanoukville has led authorities to advise scores of businesses to dig their own wells as only 50 percent of local demand is currently being met after high temperatures dried up the water supplier’s only reservoir. On March ...

http://www.cambodiadaily.com/news/sihanoukville-runs-dry-during-water-crisis-16609/

Elephants at centre of tourism tiff

For the ethnic Bunong people in this northeastern province, animals are an integral part of the local economy. Pigs, chickens and water buffaloes offer a variety of sustenance and labour. But it’s the elephants that bring foreigners – and foreigners bring cash. “When I get tours, the ...

Laura Ma
http://www.phnompenhpost.com/business/elephants-centre-tourism-tiff

A rare delicacy hard to sell

Ou Seathong sells one of the most expensive foods in the world: edible bird spit. At her shop on Street 182 in Phnom Penh, she sorts edible bird nests on the shelves. Hundreds of years old, the Chinese delicacy is made of the congealed saliva ...

Rann Reuy
http://www.phnompenhpost.com/business/rare-delicacy-hard-sell

Outpost Cambodia launches startup sponsorship competition

The co-working and co-living space Outpost Cambodia announced details of a startup competition today that will offer a winning company free 24/7 access to a desk for up to six people for six months in its workspace on Phnom Penh’s Chroy Changvar peninsula, four specialised consultations with ...

Euan Black
http://sea-globe.com/outpost-cambodia/

Vietnam's Chinese flee unrest to Cambodia

Chen Qun squinted into the morning sunlight as she walked out of the customs and immigration office in Bavet, a small border town that serves as one of the main gateways for land travel between Cambodia and Vietnam. “I have no friends in Sviey Rieng so ...

Luc Forsyth
http://www.aljazeera.com/indepth/features/2014/05/vietnam-chinese-flee-unrest-cambodia-201451873538689813.html

Cracks Put Future of Historic Buildings in Doubt

Running down the middle of Mak Sitha’s newly renovated fashion boutique in Phnom Penh is a crack that is splitting her floor tiles in two. Yesterday, part of the floor at Lady Penh Designs began to cave into the ground. Like several other business and ...

Lucky sells big stake to Asian retail giant

Big Asian retailer Dairy Farm Group has formed a joint venture with Cambodia’s Lucky Market Group, the operator of Lucky Supermarket and Lucky Burger, according to an announcement yesterday. LMG, which opened its first supermarket in 1993, will join a stable of brands already controlled by ...

http://www.phnompenhpost.com/index.php/2012031354993/Business/lucky-sells-big-stake-to-asian-retail-giant.html

Rapid economic growth props up Cambodia’s strongman

Between 1995 and 2017 Cambodia grew at an average rate of 7.7%; gdp per person rose from $321 in 1994 to $1,137 in 2017, after accounting for inflation. Foreign money has flooded in and Cambodia’s economy, which war and the Khmers Rouges had destroyed, has ...

The Economist
https://www.economist.com/asia/2019/04/20/rapid-economic-growth-props-up-cambodias-strongman

Banking on human resources

Acleda Bank, Cambodia’s largest bank, is morphing its existing training centre into a full-fledged educational institution, after obtaining a licence last month. The new institute will look to provide bachelor’s and master’s degrees in business administration, with majors in finance and banking. The Post’s Sorn ...

Sorn Sarath
http://www.phnompenhpost.com/business/banking-human-resources

Water Festival cancellation brings drought for capital’s vendors

The abrupt cancellation of this year’s Water Festival has had an economic fallout on small businesses that see the annual event as a windfall for their marketing and sales efforts, and had already invested in promotional materials.The cancellation marks the fourth time in five years ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/water-festival-cancellation-brings-drought-capitals-vendors

New fines announced for trash code violators

A stern warning to clean up or pay up was issued to litterbugs yesterday, with Interior Minister Sar Kheng announcing fines for improper waste disposal across the country. According to the sub-decree, people who do not follow guidelines on separating waste, or who dump or ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/new-fines-announced-trash-code-violators

Preah Sihanouk province poised to generate power from recycled waste

Chinese-owned Li Yu Heng Cambodia Construction expressed its plan to invest in using recycled waste to generate power for consumption in Preah Sihanouk province. The plan was hatched due to the rising demand for electricity as business and investment activities are growing in the province. ...

May Kunmakara
https://www.phnompenhpost.com/business/preah-sihanouk-province-poised-generate-power-recycled-waste

Go Communications buys out Cambodian agency

Malaysia-based GO Communications Group has acquired 100 percent of a public relations agency in Cambodia as a part of its ambitious plan to control a leading PR network in Southeast Asia, chief executive officer Michael De Kretser said In terms of foreign direct investment in Cambodia, ...

http://www.nationmultimedia.com/business/Go-Communications-buys-out-Cambodian-agency-30189095.html

Tay Ninh, Kampong Chhnang strengthen ties

Leaders from Vietnam’s southern province of Tay Ninh and Cambodia’s Kampong Chhnang province signed a cooperative agreement in Tay Ninh on September 17. The agreement falls within the framework of the minutes of the 7th Cooperation and Development Conference for Vietnamese and Cambodian border provinces that ...

http://english.vovnews.vn/Home/Tay-Ninh-Kampong-Chhnang-strengthen-ties/20129/142200.vov

Southern provinces important to trade with Cambodia

More than 50 businesses from Vietnamese and Cambodian districts met in the Mekong Delta province of An Giang to discuss how to improve investment cooperation, expand the market and increase exports into Cambodia . According to Deputy Director of the Dong Nai provincial Department of Industry ...

http://english.vietnamnet.vn/fms/business/52377/business-in-brief-13-11.html

Prosecutors tell court to drop charge in land dispute case

Prosecutors yesterday recommended that the Ratanakkiri Provincial Court drop charges against two human rights activists and a radio reporter accused in 2009 of inciting villagers involved in a land dispute against agro-business firm DM Group. Deputy prosecutor Ros Saram told the Post that because he ...

http://www.phnompenhpost.com/2013012360922/National/prosecutors-tell-court-to-drop-charge-in-land-dispute-case.html

Firms relocating for cheaper labour costs

Industrialists have raised concerns that the higher minimum wage is a key factor driving many labour-intensive manufacturers to relocate to less developed neighbouring countries. At a seminar on investment strategy in Cambodia, Laos, Myanmar and Vietnam held yesterday by the Board of Investment of Thailand (BOI) ...

http://www.nationmultimedia.com/business/Firms-relocating-for-cheaper-labour-costs-30183724-showAds1.html

Water investors criticise return

Holders of shares in the Phnom Penh Water Supply Authority (PPWSA) have criticised the level of dividend payment that they will receive from the company. PPWSA, which is the only company listed on the Cambodia Securities Exchange (CSX), was to pay its first dividend to 1,500 ...

Hor Kimsay
http://www.phnompenhpost.com/2013041165029/Business/water-investors-criticise-return.html

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