News

Growth sparks franchise boom

More foreign franchise companies will appear in Cambodian as the rising urban population and surging middle class want to enjoy international brands, an expert in the industry says. ...

Sok Chan
http://www.khmertimeskh.com/news/38064/growth-sparks-franchise-boom/

Chinese buses to hit the roads

Phnom Penh is to get five new bus routes when China donates 100 buses within two months, according to City Hall.​​ ...

Mom Kunthear
http://www.khmertimeskh.com/news/38033/chinese-buses-to-hit-the-roads/

Start-up for refinery construction

Construction of phase one of a landmark $3 billion oil refining plant kicks off today in Sihanoukville province, after many delays since the company announced plans in December 2012. ...

May Kunmakara
http://www.khmertimeskh.com/news/38015/start-up-for-refinery-construction/

Port unveils $200m expansion

Sihanoukville Autonomous Port (SAP) is to build a $200 million container terminal as part of an expansion project due to be completed by 2022. ...

Sok Chan
http://www.khmertimeskh.com/news/38014/port-unveils--200m-expansion/

More boreys emerge in Siem Reap

Siem Reap is renowned for its overwhelming number of hotels and guest houses. However, the city is also starting to witness a growing number of residential properties being built, specifically boreys. ...

Moeun Nhean
http://www.phnompenhpost.com/post-property/more-boreys-emerge-siem-reap

Problematic roundabout to get $1 million accompaniment

Overseas Cambodia Investment Corporation (OCIC) aims to begin construction work on a sidewalk at the Neang Kong Hing roundabout near the Olympic Stadium in the third quarter of 2017, in a move it says could cut traffic accidents. ...

Siv Meng
http://www.phnompenhpost.com/post-property/problematic-roundabout-get-1-million-accompaniment

Cambodian farmers cash in on high cashew prices

International commodity prices for cashew nuts are rapidly increasing due to lower supply from Cambodia and Vietnam which is driving up profits for the Kingdom’s farmers, according to industry stakeholders. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodian-farmers-cash-high-cashew-prices

Life insurance market grows

Two new life insurance companies will launch operations in Cambodia by the end of this week, aiming to grab hold of a market that has seen rapid expansion in recent years while also creating stronger competition in the emerging industry. ...

Hor Kimsay
http://www.phnompenhpost.com/business/life-insurance-market-grows

WEF forum to bring new investment

With the World Economic Forum (WEF) on Asean less than a week away, government officials yesterday said that the theme of the three-day event would focus on “Youth, Technology and Growth”, while providing an opportunity to raise Cambodia’s international profile and attract more investors and ...

Hor Kimsay
http://www.phnompenhpost.com/business/wef-forum-bring-new-investment

Problematic roundabout to get $1 million accompaniment

Overseas Cambodia Investment Corporation (OCIC) aims to begin construction work on a sidewalk at the Neang Kong Hing roundabout near the Olympic Stadium in the third quarter of 2017, in a move it says could cut traffic accidents. ...

Siv Meng
http://www.phnompenhpost.com/post-property/problematic-roundabout-get-1-million-accompaniment

Cambodia says Laos lacks documents on transboundary impacts of proposed Pak Beng dam

So Sophort, deputy secretary-general of the Cambodia National Mekong Committee, said Cambodia would attend the meeting of the Mekong River Commission (MRC) in Vientiane, which is part of a six month prior consultation process for the 921-megawatt dam. ...

Sun Narin
http://www.voacambodia.com/a/cambodia-says-laos-lacks-documents-on-transboundary-impacts-of-proposed-pak-beng-dam/3836497.html

N. Korean ambassador says Cambodia could play productive role in mediating dispute: report

In an interview with local English-language newspaper The Khmer Times, Ambassador Jang Yun Gon said he was confident that Cambodia “really understands” the situation “and would express solidarity through Asean towards our just cause to help find a solution diplomatically to maintain stability and peace ...

Aun Chhengpor
http://www.voacambodia.com/a/north-korean-ambassador-says-cambodia-could-play-productive-role-in-mediating-dispute-according-to-report/3834731.html

NEC calls for neutrality on Facebook

An election official warned Facebook users not to make any politically charged posts the day before the election yesterday during a three-day training session on campaign monitoring, with observers accusing him of overstepping the bounds of a rule forbidding parties from campaigning on that day. ...

Andrew Nachemson and Touch Sokha
http://www.phnompenhpost.com/national/nec-calls-neutrality-facebook

Public road reopened after ditch filled in

Authorities yesterday dismantled fences and filled in a ditch in order to reopen a road, allegedly disconnected by two real estate companies several years ago, to public access in Phnom Penh’s Chbar Ampov district. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/public-road-reopened-after-ditch-filled

MFI loans used for illegal logging

A conservation NGO official yesterday said he planned to ask microfinance lenders to better scrutinise their loans after a spate of cases over the last month showed that such loans had been used by illegal loggers to purchase chainsaws and tractors for transporting timber. ...

Phak Seangly
http://www.phnompenhpost.com/national/mfi-loans-used-illegal-logging

Floating homes set sail after alleged fish die-off

According to the boats’ inhabitants, who raise fish underneath their floating homes in Russei Keo district’s Chraing Chamreh I commune, the move was prompted by a mass die-off of fish last weekend due to increasing water temperatures.  ...

Sen David
http://www.phnompenhpost.com/national/floating-homes-set-sail-after-alleged-fish-die

Illicit trade costs millions

The US-based nonprofit Global Financial Integrity (GFI) measured illicit financial flows – the illegal movement of money or capital from one country to another – and found that as much as $45 billion in trade activity in Cambodia over the period was not accounted for. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/illicit-trade-costs-millions

Rice millers balk at export fees

Numerous members of the Cambodia Rice Federation (CRF), the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-millers-balk-export-fees

Ministry intervenes to halt pork price crash

The Agriculture Ministry has confirmed action to combat a drastic drop in pork prices over the past year due to illegal imports of live pigs from neighboring countries. ...

Sok Chan
http://www.khmertimeskh.com/news/37888/ministry-intervenes-to-halt-pork-price-crash/

Millers shun rice crisis loan fund

Rice millers have taken up less than a quarter of a $27 million emergency loan fund to stabilise prices of the grain, blaming late disbursement for the poor take up. ...

Sum Manet
http://www.khmertimeskh.com/news/37927/millers-shun-rice-crisis-loan-fund/

Deaths from lightning triple compared to ’16

Lighting deaths nearly tripled in Cambodia during the first quarter of 2017, compared to the same period in 2016, an official at the National Committee for Disaster Management said yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/deaths-lightning-triple-compared-16

Trader sought truck with illegal wood impounded

More than a tonne of rosewood and the plateless car carrying it were seized in Oddar Meanchey province yesterday after authorities received a report about a Vietnamese woman and her workers trying to set the vehicle on fire. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/trader-sought-truck-illegal-wood-impounded

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