The Phnom Penh Post

NBC, South Korea team up for research

The central banks of Cambodia and South Korea signed an agreement on Friday to jointly conduct research and analyse the relationship between exchange rates and inflation in the Cambodian economy, according to bank officials. ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-south-korea-team-research

Sar Kheng says official held in Thailand avoided checkpoint, vows arms probe

Interior Minister Sar Kheng has vowed an investigation into an alleged arms trafficking operation linked to a Cambodian official, saying information from suspects indicated the guns were smuggled via a “corridor” in Cambodia’s Koh Kong province into Thailand and did not pass through the international ...

Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/sar-kheng-says-official-held-thailand-avoided-checkpoint-vows-arms-probe

New rules for digital payments

The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...

Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments

Ministry to examine passport fees for Malaysia migrants

The Ministry of Foreign Affairs will investigate exorbitant passport fees for migrant workers in Malaysia, the ministry’s spokesman said late last week, following an investigation by The Post that found Cambodians in the country were forced to pay up to $800 for renewals. ...

Leonie Kijewski
http://www.phnompenhpost.com/national/ministry-examine-passport-fees-malaysia-migrants

Fresh Mart to become retail fresh food hub

Cambodia-based integrated food-distribution company Hun Ty plans to open its own retail fresh-food market next month and will increase its cold storage and food-distribution business by opening two additional locations in the Kingdom, a company executive said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/fresh-mart-become-retail-fresh-food-hub

1,000 Phnom Kulen families to be relocated

A group of about 1,000 families living in Siem Reap province’s Phnom Kulen National Park will be relocated to prevent them from continuing an environmentally detrimental trend of clearing land, building homes, selling and repeating, the environment minister said on Thursday. ...

Aun Pheap
https://www.cambodiadaily.com/news/1000-phnom-kulen-families-to-be-relocated-131679/

Suspected US aircraft bomb found in Takeo

A 350-kg M117 aircraft bomb believed to have been dropped during the US’s carpet bombing of Cambodia was uncovered in Takeo province’s Tram Kak district yesterday by local residents, an official said.   ...

Jovina Chua
http://www.phnompenhpost.com/national/suspected-us-aircraft-bomb-found-takeo

Risk puts brakes on movable assets

Access to credit would increase dramatically if Cambodian borrowers could put up movable assets as collateral, but lenders say much more needs to be done to remove the risks associated with these assets, including the establishment of a legal framework that would restrict changes in ...

Hor Kimsay
http://www.phnompenhpost.com/business/risk-puts-brakes-movable-assets

Vietnamese data show timber exports are continuing

According to the figures, Vietnam imported 21,670 cubic metres of sawn wood valued at $13.7 million in April, a 27 percent drop compared to February and an almost 50 percent decrease compared to March. ...

Shaun Turton and Niem Chheng
http://www.phnompenhpost.com/national/vietnamese-data-show-timber-exports-are-continuing

Outbreak hits 24 at Kampong Speu prison

Twenty-four inmates in Kampong Speu’s provincial prison – where five prisoners escaped earlier this week – are reportedly experiencing a combination of respiratory difficulties, coughing, skin rashes and swollen legs.   ...

Khouth Sophak Chakrya and Martin de Bourmont
http://www.phnompenhpost.com/national/outbreak-hits-24-kampong-speu-prison

Kandal families allege official intimidation

Sixteen families in Kandal have accused a purported Interior Ministry official of sending soldiers to intimidate them to take their land, though the official denied the claims and said no such dispute existed at all. ...

Soth Koemsoeun
http://www.phnompenhpost.com/national/kandal-families-allege-official-intimidation

Monitor’s results CPP took about 50% at election

Transparency International (TI) Cambodia yesterday said that the ruling Cambodian People’s Party appeard to have won 49.4 percent of the nationwide popular vote on June 4 based on the stations it monitored, nearly six percentage points ahead of the CNRP’s 43.2 percent. ...

Ananth Baliga
http://www.phnompenhpost.com/national/monitors-results-cpp-took-about-50-election

China’s squeeze on capital outflow felt in Cambodia

Stringent capital controls imposed by China’s central bank last November that scrutinise the outbound flow of money from the mainland have created uncertainty for Chinese investors looking at the Cambodian market and could jeopardise future and existing projects. ...

Kali Kotoski and Brian Ng
http://www.phnompenhpost.com/business/chinas-squeeze-capital-outflow-felt-cambodia

Maize has local farmers’ ears

Growing demand for animal feed is driving up both the demand and price of corn, with smallholder farmers claiming the field crop offers a more stable market than cassava.Corn is grown on more than 140,000 hectares in Cambodia and can be harvested twice a year, ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/maize-has-local-farmers-ears

Only two complaints outstanding, NEC says

Out of 64 complaints filed with the National Election Committee (NEC) over the June 4 commune elections, only two remain outstanding, the election body said yesterday. ...

Niem Chheng
http://www.phnompenhpost.com/national/only-two-complaints-outstanding-nec-says

Endangered turtle hatchlings released into Mekong

The Wildlife Conservation Society (WCS) yesterday released 150 endangered Asian giant softshell turtles into the wild as part of a “community protection programme”, the organisation announced. Gathered from nests guarded by local communities, including former egg harvesters, the hatchlings were released into their natural habitat ...

Jovina Chua
http://www.phnompenhpost.com/national/endangered-turtle-hatchlings-released-mekong

Dam’s consultation process concludes

The consultation process for the controversial proposed Pak Beng dam in Laos concluded on Monday, allowing construction to begin even as local and international civil society groups continued to urge a delay until a forthcoming Mekong River Commission (MRC) environmental assessment is released later this ...

Andrew Nachemson
http://www.phnompenhpost.com/national/dams-consultation-process-concludes

Banks roll out cards with new logos

Financial institutions that were abruptly ordered to change their logos earlier this year due to the perceived similarities with state iconography have begun issuing new bank cards to their clients free of charge. ...

Kali Kotoski
http://www.phnompenhpost.com/business/banks-roll-out-cards-new-logos

Koh Kong airport confirmed to begin construction in early 2018

The international airport to be built in Koh Kong province will kick off construction in January next year, according to a spokesman from the State Secretariat of Civil Aviation (SSCA).​ ...

Siv Meng
http://www.phnompenhpost.com/post-property/koh-kong-airport-confirmed-begin-construction-early-2018

Partnership to lift rice standards in Kingdom

The International Finance Corporation and Amru Rice, one of Cambodia’s biggest rice exporters, launched a new partnership yesterday to improve the competitiveness of the Kingdom’s rice sector, according to a press release. ...

Post Staff
http://www.phnompenhpost.com/business/partnership-lift-rice-standards-kingdom

City Hall lays plans for permanent cable bridge

A planned temporary bridge north of the Cambodia-Japan-Friendship Bridge will be replaced by a large and permanent cable-stayed bridge once renovation of the latter bridge is complete, a City Hall spokesman said yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/city-hall-lays-plans-permanent-cable-bridge

Rainsy claims military would back CNRP win

Former opposition leader Sam Rainsy said in a speech on Monday that military leaders aligned with the ruling party recently “came to whisper” to him the message that they would not prevent the opposition taking power if it were to win the 2018 national election. ...

Meas Sokchea
http://www.phnompenhpost.com/national/rainsy-claims-military-would-back-cnrp-win

Assembly criticised over MPs’ immunity

During an otherwise routine National Assembly session to make amendments to the Senate Election Law, opposition lawmaker Son Chhay yesterday took the opportunity to criticise the assembly for not adhering to immunity laws after the arrests and convictions of lawmakers Um Sam An and Senator ...

Touch Sokha
http://www.phnompenhpost.com/national/assembly-criticised-over-mps-immunity

Commuter train hopes for route expansion to SEZ

A commuter rail service that runs from Phnom Penh’s central district to beyond its airport has slowly gained traction since it launched three months ago, raising the possibility that it could be expanded to connect the capital’s biggest industrial park. ...

Kali Kotoski
http://www.phnompenhpost.com/business/commuter-train-hopes-route-expansion-sez

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