The Phnom Penh Post
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. ...
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
Education staff members told to get second dose of Covid jab
The Ministry of Education, Youth and Sport has announced that all staff members at public and private academic institutions who have received their first vaccine shots are now required to return for their second doses from April 20 onward at schools designated by the district ...
Voun Dara
https://www.phnompenhpost.com/national/education-staff-members-told-get-second-dose-covid-jab
Nearly 30 markets across country shut amid Covid
In order to stop the spread of Covid-19, nearly 30 markets across Phnom Penh and four provinces have been shut down temporarily following occurrences of infectious outbreaks of the virus directly linked to those market locations. ...
Mom Kunthear
https://www.phnompenhpost.com/national/nearly-30-markets-across-country-shut-amid-covid
5.5 million doses of Covid vaccine from China due to arrive in April-August
As of April 20, Cambodia had inoculated a total of 1,277,688 people against Covid-19, including civil servants, government officials, members of the armed forces and their families, the general public and foreigners, in a vaccination drive administered by the ministries of Health and National Defence. ...
Voun Dara
https://www.phnompenhpost.com/national/55-million-doses-covid-vaccine-china-due-arrive-april-august
Garment lobby calls for understanding as lockdown halts production
Garment Manufacturers Association in Cambodia (GMAC) on April 19 urged buyers and stakeholders not to penalise its members for failing to honour pre-agreed delivery commitments during the ongoing lockdown measures imposed by the government. ...
May Kunmakara
https://www.phnompenhpost.com/business/garment-lobby-calls-understanding-lockdown-halts-production
Safe foods stores keep prices steady amid lockdown
A number of safe-agricultural-product specialist stores in Phnom Penh have expressed their commitment to maintain the prices of their commodities and contribute to the government’s efforts to improve people’s livelihoods during the ongoing two-week coronavirus lockdown in Phnom Penh and adjacent Takhmao town in Kandal ...
Thou Vireak
https://www.phnompenhpost.com/business/safe-foods-stores-keep-prices-steady-amid-lockdown