The Phnom Penh Post

Trade with ASEAN up 22% in 2020, hits $11.3B

The value of trade exchange between Cambodia and other ASEAN member states dramatically skyrocketed last year, hitting $11.330 billion even with flight and border restrictions in full force amid the Covid-19 pandemic. ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-asean-22-2020-hits-113b

Amru celebrates 10th anniversary

Over the last decade since the government established a rice promotion policy in 2010, locally-owned rice miller and exporter Amru Rice (Cambodia) Co Ltd has become one of the game changers in driving milled-rice exports and transforming the Kingdom into a key rice exporter in ...

May Kunmakara
https://www.phnompenhpost.com/business/amru-celebrates-10th-anniversary

Trade with EAEU surges 18%

Bilateral trade between Cambodia and the Eurasian Economic Union (EAEU) was worth $67.37 million last year, marking an increase of 18.22 per cent compared to 2019’s $56.98 million, according to data from the Ministry of Commerce. ...

Hin Pisei
https://www.phnompenhpost.com/business/trade-eaeu-surges-18

Vehicle import duty cuts proposed

Minister of Economy and Finance Aun Pornmoniroth has proposed an adjustment on vehicle import duty, to be effective from March 1, to revive the market and buttress the logistics sector after customs clearance revenue on vehicles fell by 40 percent in 2020 from a year ...

Thou Vireak
https://www.phnompenhpost.com/business/vehicle-import-duty-cuts-proposed

CDC approved 238 investment projects worth $8.2B last year

The Council for the Development of Cambodia (CDC) approved 238 investment projects worth a total of $8.2 billion last year, down 12 per cent from 2019, according to a CDC press statement. ...

Thou Vireak
https://www.phnompenhpost.com/business/cdc-approved-238-investment-projects-worth-82b-last-year

BAKC vows to expand pro bono legal services

The Bar Association of the Kingdom of Cambodia (BAKC) has vowed to expand the scope of pro bono defence consultations for the poor and called on lawyers around the country to participate in serving social justice and contribute to reducing the effects of poverty. ...

Lay Samean
https://www.phnompenhpost.com/national/bakc-vows-expand-pro-bono-legal-services

Cambodia Post Bank authorised to collect taxes

Cambodia Post Bank Plc achieved another significant milestone on Monday after the General Department of Taxation of Cambodia allowed the financial institution to collect taxes. ...

Post Staff
https://www.phnompenhpost.com/business/cambodia-post-bank-authorised-collect-taxes

Large-scale farm survey released

The latest Cambodia Inter-censal Agriculture Survey 2019 (CIAS 2019) noted that 88 per cent of household agricultural holdings engaged in crop activity, while 75 per cent reported raising livestock, poultry or insects. ...

May Kunmakara
https://www.phnompenhpost.com/business/large-scale-farm-survey-released

Construction of Koh Kong airport project postponed

Construction of an international airport in Koh Kong province with $40 million capital investment has been postponed until the Covid-19 situation eases, according State Secretariat of Civil Aviation (SSCA) spokesman Sin Chansereyvutha. ...

Thou Vireak
https://www.phnompenhpost.com/business/construction-koh-kong-airport-project-postponed

Skyrocketing shipping costs threaten exports

The Kingdom’s exporters have expressed deepening concerns about spiraling shipping costs, which could diminish this year’s trade figures if prolonged. ...

Hin Pisei
https://www.phnompenhpost.com/business/skyrocketing-shipping-costs-threaten-exports

Kingdom vows to reduce emissions

Cambodia is focusing mainly on reducing greenhouse gas emissions to meet the country’s goal of reducing its emissions by 21 million tonnes per year in order to combat climate change, according to Ministry of Environment spokesman Neth Pheaktra. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/kingdom-vows-reduce-emissions

Fires torch property, forests

In the first week of February, fires in Phnom Penh and Pursat injured three people, ravaged two warehouses and damaged one school building with two cows inside killed. Wildfires in Siem Reap and Battambang provinces also burned over 100ha of protected forests.​ ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/fires-torch-property-forests

Master plan for Ream City given nod

Canopy Sands Development Co Ltd, a member of Prince Holding Group, one of Cambodia’s largest and fastest-growing conglomerates, approved a master plan to develop Preah Sihanouk province’s Ream bay into the $16 billion Ream City. ...

May Kunmakara
https://www.phnompenhpost.com/business/master-plan-ream-city-given-nod

Kampot pepper strategy in pipeline

The Ministry of Commerce will collaborate with the Kampot Pepper Promotion Association (KPPA) to develop new strategic plans that build confidence in Kampot pepper and explore additional markets for the crop, one of Cambodia’s Geographical Indication (GI) products. ...

Hin Pisei
https://www.phnompenhpost.com/business/kampot-pepper-strategy-pipeline

Bird census shows absences and returns

Bird researchers and conservationists in Cambodia said the rare and endangered black-faced spoonbill remains elusive in the Boeung Prek Lapouv and Anlong Pring protected landscapes in southwestern Cambodia.   ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/bird-census-shows-absences-and-returns

Floating guard post to protect Irawaddy dolphins in Mekong

The Kratie provincial authority in collaboration with the World Wide Fund for Nature (WWF-Cambodia) is preparing to build a guard post in the Anlong Kampi area of the Mekong River in Chitr Borei district’s Sambok commune to watch for illegal fishing activities that may affect ...

Nov Sivutha
https://www.phnompenhpost.com/national/floating-guard-post-protect-irawaddy-dolphins-mekong

Food Safety Law to be enacted in 2021: Commerce official

The Food Safety Law is making headway and expected to be enacted later this year, with industry insiders confident the legislation will lure more international investors, spark growth in the reeling tourism sector and chip in to national economic growth. ...

Hin Pisei
https://www.phnompenhpost.com/business/food-safety-law-be-enacted-2021-commerce-official

Cambodia gets $28M Oz grant for Covid vaccines

The Australian government announced on February 1 that it has provided a grant of $28 million for the rollout of Covid-19 vaccines approved by World Health Organisation (WHO) for 1.5 million Cambodians. ...

Mom Kunthear
https://www.phnompenhpost.com/national/cambodia-gets-28m-oz-grant-covid-vaccines

Forest crimes drop in protected areas

Twenty-two cases connected with illegal forest clearance and wild animal and timber poaching in the Phnom Tnout-Phnom Pok Wildlife Sanctuary were sent to court for prosecution last year, a decline of 50 per cent over 2019. ...

Nov Sivutha
https://www.phnompenhpost.com/national/forest-crimes-drop-protected-areas

$10M in cash subsidies benefit 170K pregnant women, infants

Over 170,000 pregnant women and children under the age of two have received social protection stipends totalling $10 million under a government cash transfer programme implemented since June 2019. ...

Lay Samean
https://www.phnompenhpost.com/national/10m-cash-subsidies-benefit-170k-pregnant-women-infants

ABC: No shortage in capital for lending

CAMBODIA’s financial sector will not face a shortage of cash to lend to local enterprises and accelerate business anytime soon, according to Association of Banks in Cambodia (ABC) president In Channy. ...

May Kunmakara
https://www.phnompenhpost.com/business/abc-no-shortage-capital-lending

Ministries urge safe handling of poultry to prevent bird flu spread

In preparation for the lunar new year this month, the Ministry of Health and the Ministry of Agriculture, Forestry and Fisheries have called for hygienic practices and sanitary inspections for the transportation of poultry and pigs to prevent the spread of any instances of bird ...

Mom Kunthear
https://www.phnompenhpost.com/national/ministries-urge-safe-handling-poultry-prevent-bird-flu-spread

CDC okays 11 projects in January

The Council for the Development of Cambodia (CDC) in the first month of this year approved 11 investment projects worth over $43 million and that are expected to generate 7,854 jobs, it said via social media. ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-11-projects-january

Joint venture gets rubbish duty in north PP

Singapore-based 800 Super Waste Management Pte Ltd, in cooperation with local firm Global Action for Environment Awareness Plc (GAEA), have expanded into Cambodia’s solid waste management sector, the companies said in a January 27 joint media release. ...

Thou Vireak
https://www.phnompenhpost.com/business/joint-venture-gets-rubbish-duty-north-pp

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