The Phnom Penh Post

Pestech awarded $100M transmission line contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230-kilovolt transmission line valued at $100 million to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. ...

Hor Kimsay
http://www.phnompenhpost.com/business/pestech-awarded-100m-transmission-line-contract

Uber gears up to enter market

Representatives from global ride-hailing behemoth Uber confirmed the company’s interest in starting operations in Cambodia during a meeting this week with Transportation Minister Sun Chanthol, according to one of the minister’s aides. ...

Matthieu de Gaudemar and Hor Kimsay
http://www.phnompenhpost.com/business/uber-gears-enter-market

World MPs see rights crisis in Kingdom

Two separate groups of international parliamentarians this week raised concerns over the state of democracy in Cambodia, seeing threats to pluralism and human rights in harassment of opposition politicians, trade unions and civil society activists. ...

Cristina Maza and Meas Sokchea
http://www.phnompenhpost.com/national/world-mps-see-rights-crisis-kingdom

White Building dwellers told to vote CPP for speedy eviction deal

A day before Land Management Minister Chea Sophara was scheduled to meet residents of Phnom Penh’s iconic White Building, the locale’s village chiefs promised to find a quick solution to the residents’ impending eviction – if the ruling Cambodian People’s Party fared well in the ...

Sen David and Ananth Baliga
http://www.phnompenhpost.com/national/white-building-dwellers-told-vote-cpp-speedy-eviction-deal

Team finds fish deaths due to lack of oxygen

Experts from the Institute of Standards of Cambodia (ISC) inspected Chinese-owned Rui Feng sugar company’s factory this week after suspicions that its runoff had caused last month’s mass fish deaths in Preah Vihear. ...

Phak Seangly
http://www.phnompenhpost.com/national/team-finds-fish-deaths-due-lack-oxygen

Economy to face new challenges

Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank (ADB) said in its annual report yesterday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/economy-face-new-challenges

Kingdom pursuing tax treaty with South Korea

South Korea is pushing forward with discussions to hammer out a double taxation agreement (DTA) with the Kingdom that would provide an additional incentive for Korean businesses to set up shop and increase fiscal transparency while shielding individuals and corporations from being taxed twice. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-pursuing-tax-treaty-south-korea

Water utility widens revenue stream

The capital’s listed water utility inaugurated a new treatment facility yesterday that will increase its production capacity of clean water by 30 percent, and add to its revenue stream – a move likely to impress its shareholders. ...

Hor Kimsay
http://www.phnompenhpost.com/business/water-utility-widens-revenue-stream

Voter rolls accurate: Comfrel

Two election monitoring groups have conducted an audit of National Election Committe-issued NEC voter lists in 252 communes and found them to be 98 percent accurate, potentially quelling, at least in part, past anxieties over the quality and veracity of these lists.​ ...

Touch Sokha
http://www.phnompenhpost.com/national/voter-rolls-accurate-comfrel

Timber found on chief’s land

A stockpile of illegal timber was reportedly found on the land of a district military police chief in Kampong Speu province, while his son-in-law and alleged timber trader Sy Sar remains at large. ...

Phak Seangly
http://www.phnompenhpost.com/national/timber-found-chiefs-land

Cambodia, Laos draw back troops in bid to avoid escalation at border

After a two-hour meeting, Cambodian and Lao provincial military and border officials yesterday reached an agreement to draw back forces from two undemarcated zones where the building of outposts had recently sparked military stand-offs, according to a general in the area. ...

Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/cambodia-laos-draw-back-troops-bid-avoid-escalation-border

PM confirms sky is the limit for twin towers

At the official inauguration of the Hun Sen Boulevard on Monday, the prime minister proudly and publicly acknowledged the go-ahead for the Thai Boon Roong Twin Trade Center – the 133-storey twin skyscrapers that, when announced in February last year, was largely doubted by industry ...

Siv Meng
http://www.phnompenhpost.com/post-property/pm-confirms-sky-limit-twin-towers

Kingdom a warm respite for Russia

Increasingly hurt by sanctions and frozen out by the West over its meddling in Ukraine, Syria and the recent US presidential election, Russia is seeking to pivot to Asia and establishing a beachhead in a decidedly warmer locale – Cambodia. ...

Cristina Maza
http://www.phnompenhpost.com/national/kingdom-warm-respite-russia

Phase two of stadium for 2023 SEA Games commences

On Tuesday, two more buildings in the series of buildings in the Morodok Techo National Sports Complex commenced construction at a groundbreaking ceremony presided over by Prime Minister Hun Sen. ...

Moeun Nhean
http://www.phnompenhpost.com/post-property/phase-two-stadium-2023-sea-games-commences

Startups turn heads in Silicon Valley

Cambodia’s startups have clamoured to attract foreign venture capital, and now even Silicon Valley is paying attention. Last month, local media and entertainment site Khmerload – described by some as Cambodia’s version of Buzzfeed – secured $200,000 in investment from the regional arm of California-based ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/startups-turn-heads-silicon-valley

Qatar Airways launches regular cargo service

Qatar Airways Cargo launched regular scheduled air freighter service between Phnom Penh and Doha this week, according to a company press release. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/qatar-airways-launches-regular-cargo-service

Millers push for China access

Amid concerns that the European Union could reject shipments of Cambodian rice, exporters are pushing for more access to China as an alternative market for the Kingdom’s principal agricultural commodity. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/millers-push-china-access

Cambodia Post hopes to deliver for e-giants

State-owned Cambodia Post plans to launch a new e-commerce company in a move to latch onto the growth of online transactions in the Kingdom and diversify its revenue streams, a company executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-post-hopes-deliver-e-giants

Government’s ‘late’ UNESCO bid draws social media outcry

The Ministry of Culture and Fine Arts yesterday announced that they have submitted the Khmer martial art Bokator, as well as Lakhon Khol – the traditional masked dance theatre – to be considered for recognition on UNESCO’s intangible cultural heritage list. ...

Rinith Taing
http://www.phnompenhpost.com/national/governments-late-unesco-bid-draws-social-media-outcry

Part of tycoon’s ELC to be granted to villagers

The Preah Sihanouk province land management committee is in the process of issuing land titles for 82 families in a recently converted forest area, as well as from an economic land concession (ELC) belonging to the Mong Reththy Group. ...

Touch Sokha
http://www.phnompenhpost.com/national/part-tycoons-elc-be-granted-villagers

Teen dead and child injured in B-40 explosion

One boy died and another was severely injured after an unexploded B-40 rocket they were playing with detonated in Boeng Daeng village, in Kampong Cham’s Stung Trang district, on Monday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/teen-dead-and-child-injured-b-40-explosion

More container traffic buoys port’s profits

Phnom Penh Autonomous Port attributed its growth in profits last year to a rise in container traffic and shipments through the capital’s river port, as well as increased profits from leasing equipment and returns on interest, it said in a filing to the Cambodia Securities ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/more-container-traffic-buoys-ports-profits

PPSEZ's profits falls 42%

Phnom Penh Special Economics Zone (PPSEZ) showed its decline of revenue to 42 percents in 2016 which causes 65 percent of net profit’s downfall comparing to the year of 2015,  it said in a filing to the Cambodia Securities Exchange yesterday. ...

The Phnom Penh Post Staff
http://bit.ly/2n9omfn

Smooth trade to put $2B exports in reach

Cambodia could expand its foreign trade by up to 16 percent, adding approximately $2 billion worth of exports, by complying with a new international trade protocol that aims to slice through the red tape that slows and complicates cross-border trade. ...

Kali Kotoski
http://www.phnompenhpost.com/business/smooth-trade-put-2b-exports-reach

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