The Phnom Penh Post

BookLab teaches children social skills

The Asia Foundation with support from Smart Axiata has launched BookLab – a children’s book creation event to produce 10 children’s storybooks, laying out different situations and problems for young readers to learn and explore. ...

Voun Dara
https://www.phnompenhpost.com/national/booklab-teaches-children-social-skills

Economic diplomacy strategies prioritised

Minister of Foreign Affairs and International Cooperation Prak Sokhonn on January 18 announced the launch of the “Economic Diplomacy Strategy (EDS) for 2021-2023” as a framework for future diplomatic and cultural initiatives. Sokhonn also unveiled a collection of traditional recipes dubbed The Taste of Angkor. ...

Niem Chheng
https://www.phnompenhpost.com/national/economic-diplomacy-strategies-prioritised

Governors told to demolish illegal fencing

Prime Minister Hun Sen has instructed municipal and provincial governors across the country to take measures against any individuals who build fences that encroach on state land and affect public interests in their localities. ...

Nov Sivutha
https://www.phnompenhpost.com/national/governors-told-demolish-illegal-fencing

Gov’t: Kingdom’s sovereign debt manageable

A senior official at the Ministry of Economy and Finance described Cambodia’s level of public debt as manageable and allowing flexibility for further borrowing to meet the country’s development needs. ...

May Kunmakara
https://www.phnompenhpost.com/business/govt-kingdoms-sovereign-debt-manageable

Alarm at loss of rare ungulates

Senior environment officials and the World Wide Fund for Nature (WWF-Cambodia) have expressed concerns about a dramatic decline in populations of ungulates – large hoofed mammals – in the Srepok and Phnom Prich Wildlife Sanctuaries located in Mondulkiri province. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/alarm-loss-rare-ungulates

US funds Preah Vihear, Bakheng temple repairs

The US has provided $420,000 in grants for the repair and preservation of temples in Preah Vihear province and Phnom Bakheng temple in Siem Reap. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/us-funds-preah-vihear-bakheng-temple-repairs

Illegal fish nets kill adult male Irrawaddy dolphin in Kratie

Conservationists and communities in the Anlong Kampi Irrawaddy dolphin conservation area in Kratie province said that despite the ban on fishing and regular patrols, fishing offences in the area are still happening which they said is cause for alarm. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/illegal-fish-nets-kill-adult-male-irrawaddy-dolphin-kratie

Gains not losses: Key factors that affect share prices in the market

Share price fluctuations can either create opportunities for gains for investors – or potentially be the cause of losses. Factors that drive demand (buying orders) higher than supply (selling orders) will generally lead to an increase in stock price. Conversely, any that drive supply higher ...

Post Staff
https://www.phnompenhpost.com/banking-securities-business/gains-not-losses-key-factors-affect-share-prices-market

Duty-free exports to US jump

Cambodia exported goods worth $6.06 billion to the US market in the first 11 months of last year, up 22.2 per cent from the same period in 2019, while total bilateral trade volume reached $6.37 billion, according to data released by the US Bureau of ...

Hin Pisei
https://www.phnompenhpost.com/business/duty-free-exports-us-jump

Power grid upgrades expand service, improve reliability

State-run electricity utility Electricite du Cambodge (EDC) has inaugurated a new substation and 230kV high-voltage transmission line in Tbong Khmum province as part of the government’s efforts to promote electrical-grid stability for the public and industries. ...

Thou Vireak
https://www.phnompenhpost.com/business/power-grid-upgrades-expand-service-improve-reliability

Specialists remove underwater UXO

Specialists from the National Centre for Peacekeeping Forces, Mines and Explosive Remnants of War Clearance (NPMEC), in cooperation with the army’s Special Forces Command (SFC), have conducted underwater operations to extract munitions from warships which sank in Kampong Cham province’s Srei Santhor district during the ...

Nov Sivutha
https://www.phnompenhpost.com/national/specialists-remove-underwater-uxo

SECC prepared to list shares of holding firms

The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...

May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms

Kingdom’s bicycle exports top $500M

Cambodia exported bicycles worth approximately $527 million to international markets last year, up 27 percent from 2019. This establishes Cambodia as the No1 country in ASEAN and No5 globally for bicycle exports, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-bicycle-exports-top-500m

Forestry crimes up last year, official vows law enforcement

Forestry crimes including logging, poaching and encroachment on state forest land for private ownership increased considerably last year despite stricter law enforcement, according to an annual report by the Ministry of Environment. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/forestry-crimes-last-year-official-vows-law-enforcement

Tax inspections on vehicles to begin in early February

Tax officials in collaboration with sub-national authorities will begin tax inspections on all means of transportation and vehicles for 2020 throughout the country by early next month. ...

Mom Kunthear
https://www.phnompenhpost.com/national/tax-inspections-vehicles-begin-early-february

UN rolls out fund for women-led firms

Cambodian women-led fintechs, technology or regulated financial institutions are among the enterprises eligible for the recently-launched Women Enterprise Recovery Fund to promote and expand their businesses, according to the UN Economic and Social Commission for Asia and the Pacific (UNESCAP). ...

May Kunmakara
https://www.phnompenhpost.com/business/un-rolls-out-fund-women-led-firms

NBC governor wins award

National Bank of Cambodia (NBC) governor Chea Chanto won Central Banker of the Year, Asia-Pacific award from premier financial magazine The Banker for his leadership in successfully navigating through a stormy 2020 during the Covid-19 crisis. ...

May Kunmakara
https://www.phnompenhpost.com/business/nbc-governor-wins-award

Tax collection near $3B in 2020

The Minister of Economy and Finance’s General Department of Taxation (GDT) collected 11.70052 trillion riel ($2.87 billion) in tax revenue last year, up 423.20 billion riel or 3.73 per cent compared to 2019, it said in a January 11 press release. ...

Hin Pisei
https://www.phnompenhpost.com/business/tax-collection-near-3b-2020

CRF: Bumper 2021 for organic rice

Cambodia exported 11,200 tonnes of organic milled rice to international markets in 2020, a slight 1.2 per cent increase over 2019, according to the Cambodia Rice Federation (CRF). While the milled-rice export sector by and large chalks up 2020’s lacklustre growth performance to the ongoing ...

Hin Pisei
https://www.phnompenhpost.com/business/crf-bumper-2021-organic-rice

Cambodia readies for EU meet on 7-year work plan

The Kingdom is set to host a consultative meeting with EU representatives and partners based in the country next month and prepare a 2021-2027 joint development cooperation plan that centres on market diversification, according to the Council for the Development of Cambodia (CDC). ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-readies-eu-meet-7-year-work-plan

112 garment factories open in 2020

In a tumultuous period for the garment industry, the year 2020 brought the closure of 129 factories in the Kingdom, affecting over 70,000 workers while 112 new factory openings created more than 20,000 jobs. ...

Mom Kunthear
https://www.phnompenhpost.com/national/112-garment-factories-open-2020

ACU receives 20K asset declarations

The Anti-Corruption Unit (ACU) said it had received nearly 20,000 declarations of assets and liabilities from officials across all ministries and provincial administrations in a period of just 10 days, from January 1 to 10. ...

Nov Sivutha
https://www.phnompenhpost.com/national/acu-receives-20k-asset-declarations

Firm wins rights to ticket sales at Kirirom, Prek Toal

The Ministry of Environment awarded rights to ticket sales at Kirirom National Park and the Prek Toal bird sanctuary to locally-owned firm Lim Sok Cheng for 2021. Kirirom National Park covers 8,401ha in Kampong Speu province and is 44km from the provincial capital of the ...

Thou Vireak
https://www.phnompenhpost.com/business/firm-wins-rights-ticket-sales-kirirom-prek-toal

Ministry mulls ASEAN+3 travel bubble

The Ministry of Tourism plans to launch a travel bubble allowing transit between Cambodia and 12 other regional countries in a bid to resuscitate the tourism sector amid the crushing impact of the ongoing spread of Covid-19, Ministry of Tourism spokesman Top Sopheak told The ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-mulls-asean3-travel-bubble

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