The Phnom Penh Post

Over 200 factories suspended, 1,673 workers test positive

A total of 206 factories have now been temporarily closed due to the ongoing Covid-19 community outbreak, with 1,673 workers known to have contracted the virus and over 17,000 additional workers currently isolated in quarantine, according to Ministry of Labour and Vocational Training spokesperson Heng ...

Long Kimmarita
https://www.phnompenhpost.com/national/over-200-factories-suspended-1673-workers-test-positive

Tourist resorts expected to start back up

At least 200 tourist resorts are expected to resume operations after the end of an inter-provincial travel ban and tourist-resort closures across the country. On April 25, the government lifted the travel ban and ended the closures of tourist destinations across the country, except for ...

Thou Vireak
https://www.phnompenhpost.com/business/tourist-resorts-expected-start-back

400K doses of China's Sinopharm vaccine arrive in Kingdom

Another 400,000 doses of the Sinopharm Covid-19 vaccine donated by China touched down at the Phnom Penh International Airport at 9:30pm on April 28, marking the third such donation the Kingdom has received from the Chinese government.   ...

Mom Kunthear
https://www.phnompenhpost.com/national/400k-doses-chinas-sinopharm-vaccine-arrive-kingdom

Ministry defends private-vendor move

The Ministry of Commerce on April 27 responded to criticism that allowing private vendors to sell essential goods at designated locations would run contrary to government preventive health measures – which prohibit gatherings – to stem the spread Covid-19. ...

Thou Vireak
https://www.phnompenhpost.com/business/ministry-defends-private-vendor-move

Illegal imports sinking local aquaculture

While local aquaculture has started to grow significantly in recent years, the business community is increasingly facing competition from illegal imports, according to the Cambodian Aquaculturist Association (CAA). ...

Hin Pisei
https://www.phnompenhpost.com/business/illegal-imports-sinking-local-aquaculture

Microfinance body calls for more lending

Cambodia Microfinance Association (CMA) on April 27 urged its members to release more credit to customers as the spread of Covid-19, exacerbated by the February 20 community transmission is having a huge impact on all businesses, especially in Phnom Penh and Takmao town. ...

Hin Pisei
https://www.phnompenhpost.com/business/microfinance-body-calls-more-lending

Smart installs 68 Siem Reap base stations

Smart Axiata Co Ltd has installed 68 new base stations in Siem Reap province as part of its $90 million investment plan to expand and improve its network across the country in 2021, the telecoms operator said in an April 27 press release. ...

Thou Vireak
https://www.phnompenhpost.com/business/smart-installs-68-siem-reap-base-stations

ADB forecast: 4% economic growth in 2021

Cambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ...

Thou Vireak
https://www.phnompenhpost.com/business/adb-forecast-4-economic-growth-2021

Kingdom may drop quarantine for vaccinated tourists in Q4

The Ministry of Tourism will work with the Ministry of Health to evaluate the feasibility of international tourists from low-risk countries and territories who have been fully vaccinated against the novel coronavirus to enter the Kingdom with little or no quarantine stay. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-may-drop-quarantine-vaccinated-tourists-q4

Mango exports to China at hand after customs approvals

China has allowed Cambodia to export fresh mangoes directly to its market after Chinese Customs on April 26 certified 37 mango plantations and five packaging factories as compliant with phytosanitary and packaging standards. ...

Thou Vireak
https://www.phnompenhpost.com/business/mango-exports-china-hand-after-customs-approvals

Three firms join food market drive for red zones

Aeon Mall, Makro and Virak Buntham Express on April 26 said they will work with the Ministry of Commerce to provide essential food items for sale in designated red zones in a bid to maintain prices and stabilise the supply of goods in the market ...

Thou Vireak
https://www.phnompenhpost.com/business/three-firms-join-food-market-drive-red-zones

Requirements for the public offering of equity securities in Cambodia

Generally, funds can be obtained from banks and other financial institutions, fund management companies, family members, friends or a securities market by issuing equity and/or debt securities. This article will outline the requirements, mechanisms, procedures and approval for the public offering of equity securities. ...

Post Staff
https://www.phnompenhpost.com/banking-securities-business/requirements-public-offering-equity-securities-cambodia

Signing of Korea trade deal postponed

The formal signing of the Cambodia-South Korea Free Trade Agreement (CKFTA), scheduled for mid-year, will be postponed due to disruptions from the Covid-19 outbreak stemming from the February 20 community incident, according to a spokesman for the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/signing-korea-trade-deal-postponed

Some 1.2 million of workers bear the brunt of Covid-19

An estimated 1.2 million factory workers have been affected by the government’s lockdown of Phnom Penh and adjacent Takmao town in Kandal province, which will now be extended to May 5, according to the Ministry of Labour and Vocational Training spokesperson Heng Sour. ...

Lay Samean
https://www.phnompenhpost.com/national/some-12-million-workers-bear-brunt-covid-19

200MW solar farm set for Kampong Speu

A 200MW solar project backed by a $200 million investment from two large companies will be built in Aoral Eco-City, a joint statement said on April 26. ...

Thou Vireak
https://www.phnompenhpost.com/business/200mw-solar-farm-set-kampong-speu

Kandal factories to shut if 5% of workers Covid positive

Factories in Kandal province where at least five per cent of workers test positive for Covid-19 will be temporarily closed, provincial governor Kong Sophorn said in an April 25 Facebook post. ...

Ry Sochan
https://www.phnompenhpost.com/national/kandal-factories-shut-if-5-workers-covid-positive

Inter-provincial travel ban lifted; Phnom Penh and Takmao not exempted

The government on April 25 decided to lift the inter-provincial travel ban and the closure of tourist attractions across the country, effectively immediately. ...

Mom Kunthear
https://www.phnompenhpost.com/national/inter-provincial-travel-ban-lifted-phnom-penh-and-takmao-not-exempted

Garment employers asked to provide allowance to workers

The Garment Manufacturers Association in Cambodia (GMAC) on April 22 urged owners and directors of factories in lockdown areas to consider providing allowance to workers, in addition to other support provided by the government.   ...

Mom Kunthear
https://www.phnompenhpost.com/national/garment-employers-asked-provide-allowance-workers

Red Zone residents gather en masse for Covid test

Residents in designated red zones in the capital are flocking to get their samples taken for Covid-19 testing, after the Phnom Penh Municipal Hall issued a directive mandating that each and every single one of them does so or face legal action. ...

Long Kimmarita
https://www.phnompenhpost.com/national/red-zone-residents-gather-en-masse-covid-test

Group to launch virtual press freedom campaign

The Working Group for Press Freedom has co-organised a two-week campaign with the theme “Information as a Public Good” on social media to promote and highlight the importance of the freedom of the press and urge the public’s participation. ...

Voun Dara
https://www.phnompenhpost.com/national/group-launch-virtual-press-freedom-campaign

Bank, MFIs operations go on despite lockdown

The Association of Banks in Cambodia (ABC) and the Cambodian Microfinance Association (CMA) on April 23 informed the public that business operations in the industry are continuing as normal nationwide although some areas in the provinces and capital have been placed in lockdown to curb ...

May Kunmakara
https://www.phnompenhpost.com/business/bank-mfis-operations-go-despite-lockdown

Agriculture ministers discuss food security in Asia-Pacific

The Cambodian government, through the Ministry of Agriculture, Forestry and Fisheries, is committed to promoting agricultural diversification as part of its battle against Covid-19 in order to maintain a stable business environment and people’s livelihoods during the health crisis. ...

Thou Vireak
https://www.phnompenhpost.com/business/agriculture-ministers-discuss-food-security-asia-pacific

Trade with Thailand unchanged amid Covid-19 movement curbs

Cross-border trade between Cambodia and Thailand remains busy as usual despite ongoing lockdowns in parts of both countries to combat the spread of Covid19 in their respective communities, according to senior provincial officials. ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-thailand-unchanged-amid-covid-19-movement-curbs

Financial institutions see jump in lockdown-era digital transactions

Financial institutions (FI) logged a sudden spike in digital transactions during lockdown, adding further to the upward momentum fuelled by rising fears triggered by a spike in new Covid-19 cases found in connection to the February 20 community transmission. ...

May Kunmakara
https://www.phnompenhpost.com/business/financial-institutions-see-jump-lockdown-era-digital-transactions

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