Wat Phnom to be restored
The Phnom Penh municipality is finalising plans for a potential $1 million renovation of Wat Phnom, City Hall spokesman Long Dimanche said yesterday. The project, which will commence at an unspecified date, will focus on combating hillside erosion while restoring worn-out structures. ...
Taing Vida
http://www.phnompenhpost.com/wat-phnom-be-restored
Shoot-out after Laotians snared in drug sting
Stung Treng provincial military police and at least four Laotian drug smugglers exchanged gunfire along the Lao border Tuesday after a man was arrested for attempting to sell more than 1.5 kg of crystal methamphetamine to undercover officers, an official said Wednesday. ...
Saing Soenthrith
https://www.cambodiadaily.com/news/shoot-out-after-laotians-snared-in-drug-sting-78704/
We want your business, UN tells local firms
The $1.6-billion Untac mission of the early 1990s injected a huge amount of money into Cambodia’s economy. Now, the U.N. wants to pump millions more into the country—this time by buying up the offerings of local businesses. ...
Kang Sothear and Chris Mueller
https://www.cambodiadaily.com/news/we-want-your-business-un-tells-local-firms-85035/
Mekong industrial belt taking shape
Backed by their government, Japanese firms are pressing ahead with plans to link the burgeoning industrial complexes that line a 1,700-kilometer economic corridor that runs from Ho Chi Minh City, Vietnam, to a massive new port being constructed in Dawei, Myanmar. ...
Cam McGrath and Phun Chan Ousaphea
http://www.khmertimeskh.com/news/13018/mekong-industrial-belt-taking-shape/
SME Bank announces loans for tourism sector
SME Bank of Cambodia Plc and several financial partner institutions have announced that applications for credit under the Tourism Restoration Cooperative Project are being accepted from July 1. ...
Sok Sithika
https://www.khmertimeskh.com/501105841/sme-bank-announces-loans-for-tourism-sector/
Announcement on 6 new positive COVID-19 cases of Cambodian-Muslim who attended religious ceremony in Malaysia and 3 positive case of Malaysian
On 17 March 2020, the Ministry of Health issued an announcement on the finding of 09 positive COVID-19 cases , six of which are Cambodian-Muslim who recently returned from religious ceremony in Malaysia and three cases are Malaysian males. These include:1. In Siem Reap province: ...
Ministry of Health
After Thai floods, flow of migrant labor soars
Thailand’s ongoing recovery efforts from recent flooding have led to a resurgence in the country’s demand for labor, resulting in a record number of Cambodian migrants crossing the border in search of work, officials and experts said yesterday. Ouk Keorattanak, Banteay Manteay provincial deputy administration chief, ...
Rampant Smuggling Hurts Cigarette Industry
An increase in the amount of cigarettes smuggled into Cambodia has forced the country’s largest cigarette manufacturer to scale down production by nearly half, leaving local tobacco farmers with little choice than to sell their crop at a reduced price to Vietnam. According to Tola Ponlu, ...
Commune Vote Predictable, but Margins Less So
With Sunday’s commune elections quickly approaching, the five main political parties are all predicting substantial gains over how they faired in the last election in 2007, though none deny that the ruling Cambodian People’s Party (CPP) will continue to dominate the polls. And with the entrance ...
Asian tourist numbers up, profits stagnant
The growth in international tourists visiting Cambodia is almost 27 per cent that of the numbers seen during the first six months of 2011, according to tourism officials who are predicting that the growth may be 25 per cent at the end of this year. Visitors ...
Cambodia Moves Up in World Bank Report
Cambodia rose five places to rank 133rd out of 185 countries in the World Bank’s annual Doing Business report released yesterday, with the bank attributing the rise for the most part to the successful launch of the country’s credit bureau. Compared to other countries in the ...
At 10th Anniversary, Arbitration Council Faces Funding Shortage
The Arbitration Council, an independent body that resolves labor disputes in Cambodia’s garment sector, celebrated its 10th anniversary yesterday, though officials expressed concern that funding for the body was due to run out in March next year. Oum Mean, secretary of state at the Ministry of ...
Thai AirAsia on Siem Reap price war
Thai AirAsia (TAA) is breaking into the Bangkok-Siem Reap segment long dominated by Bangkok Airways in a move reflecting Cambodia’s new directive to open up its top destination for mass tourism. TAA secured permission from Cambodian authorities to launch a daily service starting on Oct ...
http://www.bangkokpost.com/business/aviation/360031/taa-ready-for-price-war-on-new-siem-reap-route
On World Environment Day, a Call to Save Cambodia’s Forests
About 200 people celebrating World Environment Day on Wednesday gathered in front of the National Assembly to submit a petition asking the government to stop the destruction of Cambodia’s forests. A report released by the WWF last month said that Cambodia has lost almost a ...
http://www.cambodiadaily.com/news/on-world-environment-day-a-call-to-save-cambodias-forests-29329/
MFI loans, deposits continue to increase
Both outstanding loans and savings deposits in 35 microfinance institutions (MFIs) continued to grow from January through to June this year, according to the latest report from the Cambodia Microfinance Association (CMA). By the end of the first half of this year, total loans from MFIs ...
http://www.phnompenhpost.com/business/mfi-loans-deposits-continue-increase
NEC Falls Short of Removing All ‘Ghost Names’ From Voter List
The National Election Committee (NEC) on Wednesday closed the official voter registration period, which lasted for 20 days and saw more than 170,000 people added and nearly 100,000 names struck from the voter list. The list has been heavily criticized by election monitors, who say the ...
Eang Mengleng
http://www.cambodiadaily.com/news/nec%E2%80%88falls-short-of-removing-all-ghost-names-from-voter-list-45743/
Land prices in Siem Reap spike 15 per cent
Strong economic growth and an increase in tourism had driven Siem Reap land prices, according to an industry expert. Sorn Seap, general manager of Key Real Estate who had studied land prices in Siem Reap town, said land prices in Siem Reap town increased about 15 ...
Siv Meng
http://www.phnompenhpost.com/real-estate/land-prices-siem-reap-spike-15-cent
Smart Mobile Sees 36% Revenue Growth
Malaysian telecommunications company Axiata Group Berhad reported Wednesday that its Cambodian brand Smart has seen strong growth in the first nine months of the year, with revenue increasing by 36 percent compared with the same period last year. In its third quarter financial report, Axiata said ...
George Styllis
http://www.cambodiadaily.com/business/smart-mobile-sees-36-revenue-growth-48215/
Jailed UK Businessman Faces Fresh Charges
The Banteay Meanchey Provincial Court laid fresh charges of money laundering on the detained chairman of an embattled British investment firm on Friday, the same day that a provincial official was arrested in relation to fraud charges the businessman was already facing, a court official ...
Kuch Naren
http://www.cambodiadaily.com/news/jailed-uk-businessman-faces-fresh-charges-50494/
Cambodia’s rice under fire
Amid falling local production in Italy, officials there are calling on the European Union to scrap a preferential trade agreement that gives Cambodia’s rice exports duty-free advantages in the global market. According to a January 31 report from rice industry publication Oryza, members of the Italian ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-rice-under-fire