The Phnom Penh Post

Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...

Ethnic Chorng villagers in Koh Kong province have raised concerns that a controversial 20-kilometre road under construction in the Areng Valley will threaten their traditional way of life. ...

A group of NGOs from the education sector yesterday urged the government to boost education spending to at least 20 percent of the country’s budget – a benchmark the Ministry of Education had hoped, and failed, to hit last year under its strategic plan. ...

A document purported to have come from the US State Department appears to show plans to slash US development assistance to the Kingdom down to zero, a move observers said yesterday would further weaken the US’s standing in the country, allowing for China to cement its ...

A Cambodian attempting to cross into Thailand to log rosewood lost his right leg and arm after stepping on a landmine on Monday. ...

Thaneakea Srov (Kampuchea) Plc, the recipient of a low-interest $15 million loan from the state-run Rural Development Bank, inked contracts yesterday with three companies to build and outfit its massive 200,000-tonne capacity silo and warehouse facility in Battambang province. ...

Cambodian startups currently face several regulatory challenges in pursuing growth and profitability, according to three of the Kingdom’s most successful startup founders who shared their experiences over the weekend with the hope to inspire increased innovation and entrepreneurship. ...

The Ministry of Economy and Finance (MEF) is planning to form a joint committee chaired by government officials and microfinance institutions (MFIs) to promote small loan disbursements as the new 18 percent loan interest rate cap takes effect, according to an announcement released by the ...

Cambodian microlender Hattha Kaksekar Ltd (HKL) has secured a $15 million cash injection to expand its business operations from its parent company, Thailand’s Bank of Ayudhya, Hout Ieng Tong, president and CEO of HKL, confirmed yesterday.  ...

This year’s early rains and a swift response to drought-like conditions in two provinces will spare Cambodia the searing droughts that plagued it in 2015 and 2016, the National Committee for Disaster Management (NCDM) said yesterday, though one development partner cautioned that lasting drought preparedness ...

The two main political parties contesting the upcoming commune elections revealed disparate campaign budget plans yesterday, with the opposition pledging to spend over $1 million and a spokesman for the ruling CPP saying his party will not be creating a central campaigning budget at all. ...

The manager of an illegal timber warehouse owned by Lieutenant General Chheng Long was arrested in Kampong Speu on Wednesday, although Long and his son-in-law remain at large. ...

The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering (IPO) on the Kingdom’s stock market set for May 31, the company’s sole underwriter said ...

A staggering 35,000 Cambodian children and young people continue to be housed in a range of residential care facilities, with many of them flying under the government’s radar, according to a new report released by the Ministry of Social Affairs yesterday. ...

The Cambodian government collected more than $760 million dollars in tax revenue during the first quarter of this year, an increase of more than 90 percent compared to the same period last year, according to a report released yesterday by General Department of Taxation (GDT). ...

After Cambodian rice exports declined dramatically in March, caused by what millers claimed was a stricter enforcement of sanitary and phytosanitary (SPS) measures by the Chinese government, the Ministry of Agriculture announced yesterday that it would lobby on the sector’s behalf to allow more millers ...

Authorities in Vietnam’s Gia Lai province have recently stopped at least nine overloaded timber trucks crossing into the country from the Kingdom, despite the Cambodian government ostensibly banning wood exports to its eastern neighbour, according to a Vietnamese news report. ...

Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. ...

A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. ...

Via the Ministry of Culture and Fine Arts and the Ministry of Tourism, the government is progressing with a set of relevant documents as a proposal to UNESCO to induct Battambang city, Kampot city and Kratie city on to the United Nations arm’s World Heritage ...

Investment capital in Cambodia’s construction industry is off to a dwindling start this year, falling 22.1 percent at the end of the first quarter compared with the same period last year. ...

T.T. Network Infrastructure Japan, a joint venture between global electronics manufacturer Toshiba and Tokyo Electric Power Co Holdings (TEPCO), will operate and maintain 130 kilometres of a 230-kilovolt power transmission line in Cambodia, according to Japanese media yesterday. ...

Cambodia’s national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry and Economy and Finance earlier this month. ...

The Natural Resource and Wildlife Preservation Organization, a conservation organisation in Kampong Speu, pledged yesterday to file a letter of complaint to authorities after learning that 6 hectares of protected forestland were cleared illegally. ...