News

Giant coal plant taking shape in Sihanoukville

Nearly half of a massive 700-megawatt coal-fired power plant that will fuel the country’s biggest industrial park and feed the national grid is set to be completed by the end of the year, according to officials at the Ministry of Mines and Energy. ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/giant-coal-plant-taking-shape-sihanoukville

Central bank allays dollar concerns

The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies. ...

Hor Kimsay
http://www.phnompenhpost.com/business/central-bank-allays-dollar-concerns

Japan helps with Kampot’s water supply

A groundbreaking ceremony for a Kampot water treatment plant was held yesterday in the presence of Japan’s Ambassador to Cambodia Yuji Kumamaru as well as Cham Prasidh, the Minister of Industry and Handicrafts. ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/26116/japan-helps-with-kampot---s-water-supply/

KB Financial Group unveils Global Digital Banking service in Cambodia

The KB Global Digital Bank is a rechargeable wallet-based mobile banking service which combines both financial services, such as account, wire transfer, overseas remittance and P2P payment, and non-financial services like messaging. ...

Jung Suk-yee
http://www.businesskorea.co.kr/english/news/money/14961-fintech-roadshow-kb-financial-group-unveils-global-digital-banking-service-cambodia

Chinese, Taiwanese arrested in internet-phone fraud case

Twenty-seven Chinese and Taiwanese nationals were arrested during a raid on a villa in Phnom Penh’s Chamkar Mon district on Monday on suspicion of operating an internet-phone scam, officials said.   ...

Sek Odom
https://www.cambodiadaily.com/news/chinese-taiwanese-arrested-in-internet-phone-fraud-case-114080/

PM challenges EU to follow through on threat to cut aid

Prime Minister Hun Sen on Monday blithely brushed aside a recent threat from the European Parliament to cut hundreds of millions of dollars in aid to Cambodia over human rights abuses, challenging the body to follow through. ...

Kuch Naren
https://www.cambodiadaily.com/news/pm-challenges-eu-to-follow-through-on-threat-to-cut-aid-114068/

NGOs die first if aid cut: PM

Prime Minister Hun Sen yesterday slammed recent calls for sanctions against Cambodia over what supporters of the measures call a government-level disrespect of democracy, claiming the first to be hurt by sanctions would be NGOs. ...

Ven Rathavong
http://www.khmertimeskh.com/news/26080/ngos-die-first-if-aid-cut--pm/

Wing, GmoneyTrans ink partnership deal

A South Korean phone-based money transfer company has partnered with Wing Specialized Bank to tap into remittance services for Cambodians living and working abroad. ...

Hor Kimsay
http://www.phnompenhpost.com/business/wing-gmoneytrans-ink-partnership-deal

Disgraced general loses supreme court verdict

The Supreme Court on Monday upheld a guilty verdict and 20-year prison sentence handed down to a former military general and an accomplice in 2013 for large-scale drug trafficking. ...

Khy Sovuthy
https://www.cambodiadaily.com/news/disgraced-general-loses-supreme-court-verdict-114071/

No bail for Adhoc staffers, election official

The Court of Appeal on Monday denied bail to four rights workers and an election official imprisoned in connection with a sex scandal surrounding deputy opposition leader Kem Sokha, upholding the Phnom Penh Municipal Court’s decision last month.    ...

Khuon Narim and Ben Sokhean
https://www.cambodiadaily.com/news/no-bail-for-adhoc-staffers-114055/

Pepper business adds to Kingdom’s deforestation woes

While the luxury timber trade continues to eat away at Cambodia’s forests, there is another industry that poses a growing threat to the Kingdom’s trees: pepper farms.   ...

Mech Dara and Igor Kossov
http://www.phnompenhpost.com/national/pepper-business-adds-kingdoms-deforestation-woes

$16-million condo project in BKK1

Construction workers broke ground yesterday in Boeung Keng Kang I at the site of a $16 million dollar condominium project partially funded by Malaysia’s Chip Hock Realty and Development. This project gets off the ground as foreign investment in the Kingdom sees increased growth. ...

Chea Vannak
http://www.khmertimeskh.com/news/26065/-16-million-condo-project-in-bkk1/

Rosewood seized on three military trucks

Three military trucks were caught transporting illegally logged rosewood by Tbong Khmum authorities yesterday, according to the National Police website. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/26078/rosewood-seized-on-three-military-trucks/

Fuel price caps steady as crude heating up

The Ministry of Commerce yesterday announced revised price caps on fuel sold at retail petrol stations throughout the Kingdom from June 12-21, setting a price ceiling of 3,450 riel per litre on regular gasoline, 3,500 riel per litre on premium gasoline and 3,150 riel per ...

Post Staff
http://www.phnompenhpost.com/business/fuel-price-caps-steady-crude-heating

Six rescued from Malaysia

Six Cambodian workers were rescued from Malaysia and arrived home safely late last weekend after being cheated by brokers, a spokesman for the Ministry of Foreign Affairs said yesterday. ...

Mom Kunthear
http://www.khmertimeskh.com/news/26074/six-rescued-from-malaysia/

Railway operations resume after collision

No significant commercial delays or losses resulted from the collision between a train and a cement truck in Kampot province on Sunday as engineers were able to remove the disabled truck from the tracks and resume operations on the rail line within hours of the ...

Post Staff
http://www.phnompenhpost.com/business/railway-operations-resume-after-collision

While TPP looms, RCEP sidelined

The Regional Comprehensive Economic Partnership (RCEP) should also be given priority as the Kingdom eyes to join the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...

May Kunmakara
http://www.khmertimeskh.com/news/26066/while-tpp-looms--rcep-sidelined/

Measures in works amid low child’s rights ranking

A new report has ranked Cambodia 125 out of 163 countries in terms of its protection of children’s rights, even as the government works to finalise a sub-decree and code of conduct to better shield children from abuse, exploitation and neglect. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/measures-works-amid-low-childs-rights-ranking

Snakehead fish farmers required to register: gov’t

Snakehead fish farmers are required to register with the Fisheries Administration as part of new regulations aimed at better governing and monitoring an industry that became legal in April after an 11-year ban. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/snakehead-fish-farmers-required-register-govt

Free health care for Cambodia’s poorest

Cambodia received a new $130 million funding package from the World Bank last month that focuses on poverty reduction and bettering the lives of poor and vulnerable Cambodians in the country cooperation strategy set out in the new Cambodia -World Bank Group Country Engagement Note ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/26055/free-health-care-for-cambodia---s-poorest/

Business alliance eyes cross-border e-commerce along Mekong River

Companies and organizations from six countries along the Mekong River have established a business alliance, with a view to build a platform for cross-border e-commerce. ...

China Daily Team
http://www.chinadaily.com.cn/business/2016-06/12/content_25681597.htm

Foreign minister responds to Ban Ki-Moon

After initially refusing to comment on U.N. Secretary-General Ban Ki-moon’s surprise telephone call to Foreign Affairs Minister Prak Sokhonn last week, the ministry has released Mr. Sokhonn’s purported replies, all defending the government’s latest crackdown on the opposition. ...

Kang Sothear
https://www.cambodiadaily.com/news/foreign-minister-responds-to-ban-ki-moon-114015/

Don sahong vs dolphins: how the dam is affecting local residents

Dam Chan handed over the food in exchange for riel as she described hearing the loud bangs of dynamite in the distance. The 55-year-old has farmed and sold food in Preah Rumkel commune her entire life and is concerned about the future of her home ...

May Titthara
http://www.khmertimeskh.com/news/26037/don-sahong-vs-dolphins--how-the-dam-is-affecting-local-residents/

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