News

Maids repatriated from Malaysia

Five Cambodian workers imprisoned in a Malaysian jail were repatriated yesterday, with 13 more expected to make their way back to the Kingdom in the coming days. All 18 were jailed for allegedly lacking the proper work permits and all had been brought to Malaysia by ...

Mom Kunthear
http://www.khmertimeskh.com/news/28048/maids-repatriated-from-malaysia/

Securities companies to provide market liquidity

A new initiative aimed at encouraging more trading on Cambodia’s persistently quiet stock exchange will allow securities underwriters and dealers to become liquidity providers who can hold and trade shares in listed companies. ...

Hor Kimsay
http://bit.ly/2ak6Xdl

JICA moots city transit system

The Japan International Cooperation Agency (JICA) is helping Cambodia conduct a feasibility study on an automated gateway transit system (AGT) to overcome Phnom Penh’s daily gridlock, caused by traffic congestion, during peak hours. Hideaki Wase, an urban transportation advisor in JICA, told Khmer Times yesterday that ...

May Kunmakara
http://www.khmertimeskh.com/news/28026/jica-moots-city-transit-system/

Local car hire app gets a jump on Uber

With ride-hailing giants Uber and Grab yet to enter the Cambodian market, a pair of local entrepreneurs have seized the initiative and developed the first private-hire car service and smartphone application for Phnom Penh’s frenetic city streets. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-car-hire-app-gets-jump-uber

Testing doctors possible: Ministry

The Ministry of Health (MoH) intends to discuss with Dr. Beat Richner the possibility of organizing a test for doctors in private clinics throughout the Kingdom about their professional knowledge, a spokesman confirmed yesterday. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/28044/testing-doctors-possible--ministry/

Call to revise rubber tax

As the price of natural rubber tumbles due to a slowdown in the global economy and falling demand for the commodity, the Kingdom’s hard hit rubber industry investors are now calling on the government to revise export taxes. ...

Chea Vannak
http://www.khmertimeskh.com/news/28028/call-to-revise-rubber-tax/

Convention centre to put Siem Reap on event circuit

Sokha Hotels and Resorts will open the first dedicated convention centre in Siem Reap next month, giving the country’s leading tourist destination another major draw to attract foreign visitors.   ...

Thik Kaliyann
http://www.phnompenhpost.com/business/convention-centre-put-siem-reap-event-circuit

Yusen opens perishables storage facility in Cambodia

Japan-based Yusen Logistics has opened one of Cambodia’s largest temperature-controlled distribution center in Phnom Penh, which is becoming a significant air cargo destination for its textiles and perishable exports. The 33,000-square-foot facility has almost twice the capacity of the existing warehouse and includes a 4,237-square-foot ...

Lewis King
http://aircargoworld.com/yusen-logistics-opens-perishables-storage-facility-in-cambodia/

Concern over trade deal’s investor dispute mechanism

A civil society organisation has raised concerns about the proposed Regional Comprehensive Economic Partnership (RCEP), claiming that one provision of the sweeping trade agreement would limit the Kingdom’s ability to draft socially beneficial policies. ...

Kali Kotoski
http://www.phnompenhpost.com/business/concern-over-trade-deals-investor-dispute-mechanism

Accounting standards miss mark

The first-ever study to measure compliance with Cambodia’s new Law on Accounting and Auditing found few companies willing to talk about their accounting practices, and a low rate of compliance among those that did.   ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/accounting-standards-miss-mark

Australia job request

Labor Minister Ith Samheng asked the new Australian ambassador yesterday if her country could take in seasonal workers from Cambodia, prompting disappointment from a number of civil society groups hoping the government would make more of an effort to create jobs here. ...

Mom Kunthear
http://www.khmertimeskh.com/news/27980/australia-job-request/

Cambodia asks China to double rice quota

Commerce Minister Pan Sorasak lobbied his visiting Chinese counterpart, Gao Hucheng, yesterday to consider doubling Cambodia’s annual rice export quota to China while also proposing a host of agricultural trade agreements.   ...

Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-asks-china-double-rice-quota

Campaign to reduce traffic accidents

The government launched a campaign yesterday to distribute 3.4 million pieces of reflective tape in an effort to reduce traffic accidents at night, with Prime Minister Hun Sen ordering officials and party members to give the tape out for free and threatening to arrest anyone ...

Pech Sotheary
http://www.khmertimeskh.com/news/27981/campaign-to-reduce-traffic-accidents/

32 Vietnamese arrested in Phnom Penh immigration raids

Thirty-two Vietnamese nationals were arrested during raids by immigration police in Phnom Penh’s Toul Kork district yesterday morning, according to Interior Ministry spokesman Keo Vanthorn.   ...

Bun Sengkong
http://www.phnompenhpost.com/national/32-vietnamese-arrested-phnom-penh-immigration-raids

Prasac ups paid up capital

One of the Kingdom’s largest microfinance institutions (MFI), Prasac MFI, increased its paid up share capital by $29 million in a bid to increase public confidence and comply with the National Bank of Cambodia’s (NBC) requirements. ...

May Kunmakara
http://www.khmertimeskh.com/news/27959/prasac-ups-paid-up-capital/

Amid chaos, time for CNRP to get serious

Late last year, in one of his provocative Facebook posts from abroad, opposition leader Sam Rainsy falsely accused Heng Samrin’s 1980s regime of sentencing King Norodom Sihanouk to death. ...

Alex Willemyns
https://www.cambodiadaily.com/news/amid-chaos-time-for-cnrp-to-get-serious-116190/

Bitter market for local coffee

The Kingdom’s once-promising home-grown coffee industry has been laid low by adverse weather and fierce global competition, with the total area under coffee cultivation cut in half over the last three years as desperate farmers switch to other crops, a senior official at the Ministry ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bitter-market-local-coffee

Gloomy forecast for Cambodia's rice sector

An industry analyst has issued a dire forecast for Cambodia’s rice sector, claiming the long-grain “white gold” that has been credited with lifting millions of Cambodia’s farmers out of abject poverty, and which seems a natural fit for the Kingdom’s agrarian workforce, is on a ...

Cam McGrath and Cheng Sokhorng
http://www.phnompenhpost.com/business/gloomy-forecast-cambodias-rice-sector

China’s ambassador praises PM

Despite repeatedly claiming that China does not dictate Cambodia’s foreign policy, the government yesterday was lauded by Chinese Ambassador to Cambodia Bu Jianguo, who said China’s leaders and millions of Chinese people thanked Prime Minister Hun Sen for backing Beijing on the South China Sea ...

Ven Rathavong
http://www.khmertimeskh.com/news/27984/china---s-ambassador-praises-pm/

Chinese money instrumental to progress, Hor Namhong says

Cambodia’s development “could not be detached” from Chinese aid, Deputy Prime Minister Hor Namhong said on Monday, joining a chorus of officials from both parties praising a relationship that appears to be deepening over similar stances on the South China Sea.   ...

Ben Paviour
https://www.cambodiadaily.com/news/chinese-money-instrumental-to-progress-hor-namhong-says-116208/

South Korea promises military aid

South Korea pledged to strengthen bilateral cooperation with the Kingdom yesterday and also agreed to provide military equipment as they had in the past with the donation of three ships to the Cambodian navy. ...

Ban Sokrith
http://www.khmertimeskh.com/news/27972/south-korea-promises-military-aid/

Sihanoukville cargo rises

Sihanoukville Autonomous Port (SAP), the Kingdom’s largest maritime container hub, reported a six percent increase in cargo shipments in the first six months of the year, while tonnage rose by 10 percent in the same period. ...

Chea Vannak
http://www.khmertimeskh.com/news/27958/sihanoukville-cargo-rises/

Timber baron branches into fuel

Timber baron Try Pheap, who has previously been accused of running large-scale illegal timber operations in protected forest areas and making millions off the Kingdom’s natural resources, held a ribbon-cutting ceremony last Friday to launch a new business venture, PAPA Petroleum Co Ltd. ...

Kali Kotoski
http://www.phnompenhpost.com/business/timber-baron-branches-fuel

Chinese banana grower keen to start plantation

A Chinese agricultural company has agreed to establish a banana plantation in Cambodia, according to a senior government official. ...

Post Staff
http://www.phnompenhpost.com/business/chinese-banana-grower-keen-start-plantation

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