Office space growing as more firms set up shop in Phnom Penh
The supply of second-tier office space has increased during the first half of 2012 as the number of new firms in Phnom Penh city continues to grow, according to real estate experts. A study by Asia Real Estate Cambodia (ARC) found that office space in the “grade B” category now stands at ...
New flights between Sihanoukville and Phnom Penh to be launched soon
New scheduled flights between Sihanoukville and Phnom Penh will probably be launched soon, and Sihanoukville-Siem Reap flights will operate daily instead of three times a week, an industry leader says. These changes by Cambodia Angkor Air had a “high chance” of taking off in April to ...
Moto imports jump 55 per cent
IMPORTS of motor scooters reached 264,085 units, with a total value of $139 million in the first 11 months of last year – a 55 per cent jump from 170,380 units worth $86.5 million in the corresponding period of 2011, according to data from the ...
http://www.phnompenhpost.com/2013022761643/Business/moto-imports-jump-55-per-cent.html
Prakas Set to Control Tax Agents
The Ministry of Economy and Finance (MEF) last month signed a prakas, a ministerial decision, to ensure tax agents’ professionalism, an insider told the Post yesterday. After the full implementation of Prakas 455, signed on April 12, agents have to pay one million riel to ...
http://www.phnompenhpost.com/2013050265367/Business/prakas-set-to-control-tax-agents.html
Rights groups critical of gov’t investigations
The government announced on Friday it would set up two commissions headed by Interior Minister Sar Kheng to investigate clashes between police and protesters early this month that left at least four dead, more than 20 injured and 23 arrested, a move criticised by rights ...
May Titthara
http://www.phnompenhpost.com/national/rights-groups-critical-gov%E2%80%99t-investigations
Flyovers, subway on the drawing board for Phnom Penh
The Overseas Cambodia Investment Corporation (OCIC) and Phnom Penh municipality are cooperating to undertake a study on major new projects for the city – two flyovers and a subway, each of which it is hoped would ease the city’s ever worsening traffic congestion. Touch Samnang, project ...
Siv Meng
http://www.phnompenhpost.com/real-estate/flyovers-subway-drawing-board-phnom-penh
S. Korea grants 21 mln USD to Cambodia for 4 projects
South Korea on Monday signed up to provide a grant aid of 21 million U.S. dollars to Cambodia to support four projects for rural development, waterway improvement, health and the stock market. Speaking after the signing ceremony, Hor Namhong said 8 million U.S. dollars of ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-06/02/c_133377903.htm
Metfone eyes sites in Areng
In what could be the latest sign that authorities are pushing ahead with the Areng Valley hydropower dam, Vietnam Military Telecommunications Group has sent engineers into the valley in Koh Kong province to scout for locations where its local subsidiary, Metfone, could build mobile phone ...
Daniel Pye
http://www.phnompenhpost.com/national/metfone-eyes-sites-areng
Mondulkiri Airport will aid plans for biggest eco-tourism region in Cambodia
Mondulkiri province has been flagged for transformation into the biggest agro- and eco-tourism destination in Cambodia, according to the Ministry of Economy and Finance. A feasibility study includes upgrading an airport for the capital, Sen Monorom, for domestic and international destinations. ...
Cambodia’s ranking as a logistics hub remains ‘stable’
Cambodia’s ranking has slightly improved in this year’s global index of emerging logistics markets, rising one notch compared with the same survey last year from 42 to 41 among 50 countries included in the study. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50692512/cambodias-ranking-as-a-logistics-hub-remains-stable
Water minister urges Laos to halt Xayaburi
Cambodia has urged Laos to halt construction of the controversial Xayaburi hydro dam project in the country’s north, a letter obtained by the Post yesterday reveals. “Preliminary construction on Xayaburi dam has continued despite the lack of regional agreement,” Minister of Water Resources and Cambodia National Mekong Committeechairman Lim ...
Officials to return from Nauru Refugee Center Monday
A government delegation that traveled to the South Pacific island nation of Nauru last week to study the possibility of resettling in Cambodia some of the refugees Australia is currently holding there will return to Phnom Penh on Monday, a government official said. ...
Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/officials-to-return-from%E2%80%88nauru-refugee-center-monday-76357/
Covid delays WtE power plant
The prolongation of the Covid-19 outbreak has led to a delay in a feasibility study of building a waste-to-energy (WtE) plant with at least 50MW of total electricity generating capacity near Phnom Penh, according to Ministry of Mines and Energy spokesman Victor Jona. ...
Hin Pisei
https://www.phnompenhpost.com/business/covid-delays-wte-power-plant
Committee created to vet 'oknhas'
The government has issued a decision establishing an inter-ministerial committee to study and prepare legal standards regarding the title of Oknha — an honorific bestowed on those who have made significant contributions to national development — with provisions that allow for the official revocation of ...
Post Staff
https://www.phnompenhpost.com/national/committee-created-vet-oknhas
Eight month exports valued at 11.08 bn
Cambodia’s exports in the first eight months this year saw a decrease, official figures showed. Its exports were worth $11.086 billion, inching down 5.3 percent compared with the same period last year, according to a study by the Ministry of Commerce. ...
Chea Vanyuth
https://www.khmertimeskh.com/50934036/eight-month-exports-valued-at-11-08-bn/
Cambodia may start building high speed rail as early as 2023
Construction on high-speed rails in the Kingdom could begin as soon as next year, with studies well underway on the conversion of existing railway and the creation of two new lines – one of which runs to the Vietnamese border – to optimally boost rail ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-may-start-building-high-speed-rail-early-2023
Cabinet approves $1.7B Tonle Bassac project
The Council of Ministers on Friday approved the Tonle Bassac navigation and logistics system project worth approximately $1.7 billion to maximise the potential of Cambodia’s waterway transportation by connecting the Mekong River system to the sea after a 26-month study has been completed, said a ...
Kang Sothear
https://www.khmertimeskh.com/501294139/cabinet-approves-1-7b-tonle-bassac-project/
MISTI inks deal with Chinese firm for clean water project
The Ministry of Industry, Science, Technology and Innovation (MISTI) has signed a Memorandum of Understanding (MoU) with Chinese firm Beijing Urban Construction Group (BUCG) to carry out a feasibility study on implementing a project that aims to supply clean water across the populations living on ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501303483/misti-inks-deal-with-chinese-firm-for-clean-water-project/
‘Fintech playing key role in financial inclusion efforts’
The fintech sector is playing a major role in the financial inclusion efforts pioneered by the National Bank of Cambodia (NBC), Governor Dr Chea Serey said while delivering the keynote address at the CamTech Summit 2023 yesterday at the Centre for Banking Studies. ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501399932/fintech-playing-key-role-in-financial-inclusion-efforts/
Cambodia’s local trade finance market estimated at $1.6B
The Kingdom’s local trade finance market currently stands at $1.6 billion and improving access to affordable trade finance could increase imports and exports by up to nine percent, according to the latest study conducted by the International Finance Corporation (IFC). ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501412155/cambodias-local-trade-finance-market-estimated-at-1-6b/