The Phnom Penh Post

The Central Bank announced on Monday that it exchanged 3.76 billion of old and worn Khmer riel banknotes (equivalent to $930,091) to new notes during its “Loving Riel Notes”, campaign which lasted five days during the Pchum Ben holiday. ...

The National Bank of Cambodia (NBC) yesterday held its second Liquidity-Providing Collateralised Operation (LPCO), making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, were signed for 8.4 billion riel ($2.07 million). ...

Vietnamese customs data showing that Cambodia exported at least $121 million of woodthis year are currently being investigated by government officials, according to Environment Ministry Undersecretary of State Eang Sophalleth. ...

News that Laos will move ahead with the proposed 912-megawatt Pak Beng dam, which would be the third mainstream dam in Laos’ Lower Mekong River, has sparked criticism from environmental groups who say downstream countries should decide the fate of potentially harmful development projects. ...

Fertiliser manufacturer Nangoku Agriculture Development, a Japanese-Cambodian joint venture, launched operations yesterday with the aim of supplying locally manufactured fertilisers to Cambodian farmers at affordable prices.​ ...

A Chinese steel company is in talks with Sihanoukville Special Economic Zone (SSEZ) to set up an industrial facility in the zone, a marketing executive said on Saturday. ...

About 120 students at a Christian school in Oddar Meanchey’s Trapaing Prasat district came down with food poisoning after consuming a dessert served by the school on Wednesday, though officials confirmed that all were “recovering well”.​ ...

It has been nearly a year since the government signed a memorandum of understanding with South Korea that aimed to put Cambodian mangoes on the shelves of supermarkets in Seoul, yet local producers say there is little sign of any movement. ...

Cambodia is considering adopting an aviation tax for flights leaving the Kingdom, local media reported yesterday. The announcement came as Environment Minister Say Samal delivered remarks at the COP22 UN Climate Conference in Morocco. The conference comes one year after the historic signing of the Paris ...

CNRP vice president Kem Sokha will next week leave the safety of the opposition’s headquarters in Phnom Penh for only the second time since police attempted to arrest him six months ago, with a party official saying he plans to attend Tuesday’s sitting of parliament. ...

Opposition leader Sam Rainsy has waded into the Twittersphere, using his first tweet to congratulate US President-elect Donald Trump on his victory, and later calling on the few Cambodians who use the site to register to vote in next year’s commune elections.   ...

Education Minister Hang Chuon Naron has unveiled a plan to add coursework on entrepreneurship to the school and university curricula starting in the next academic year, state news agency AKP said yesterday. ...

A Cambodian subsidiary of Thai electronics manufacturing services company SVI Plc is moving closer to commencing construction on a factory on the outskirts of Phnom Penh that will manufacture electronics equipment for export to the US and Europe, a company representative said yesterday. ...

A Malaysian automotive company has requested approval to establish a factory in Cambodia to assemble Nissan automobiles and manufacture spare parts for the vehicles, a government official said yesterday. ...

Cambodian ministries are currently facing a $620 million funding shortfall if they are to implement their climate change adaption action plans by 2018, according to figures announced by NGO Forum at a press conference yesterday. ...

Voter registration has fallen far behind schedule over the past two weeks, with enrolment dropping to just 30,000 a day from a target of 100,000, according to official figures, leaving more than 2 million Cambodians at risk of not registering to vote in time. ...

The United Nations is standing behind Office for the High Commissioner for Human Rights (OHCHR) country representative Wan-Hea Lee after a letter signed by Foreign Minister Prak Sokhon accused her of failing to respect Cambodia’s sovereignty.​ ...

The Phnom Penh Municipal Court charged two officials from the Preah Vihear mines and energy department with corruption yesterday, with a former colleague linking the charges to an illicit 2014 land sale. ...

Cambodia’s incarceration rate has doubled in the past 10 years, according to statistics obtained from the General Department of Prisons. Department spokesman Nouth Savna said that in 2006 there were just 9,634 people behind bars; as of earlier this week, that figure had increased 125 ...

The government announced yesterday that it will hold its first public auction for 4G spectrum frequencies, with two licences up for bid on frequencies reassigned after their original licence-holders failed to utilise them. ...

T-shop Cambodia, a Phnom-Penh based electronics distributor, is planning an aggressive push into the provinces through company-owned and franchise outlets, and will look to raise capital for expansion by offering shares on the local stock exchange, the company’s CEO said yesterday. ...

Four Cambodian fishermen released by Somali pirates last month recounted their ordeal at a press conference hosted by NGO Caritas yesterday. Khorn Vanthy, 26, from Kampong Cham; Kin Kemhen, 33, of Kratie; and Em Phoum Many, 33, and Nhem Soksan, 33, both from Kampong Chhnang, spent ...

Extolling forecasts that Cambodia’s economy will maintain its 7 percent growth rate this year, Prime Minister Hun Sen yesterday reiterated a past prediction that the country would reach upper-middle income status by 2030 and become a high-income country in 2050 – though one expert said ...

Civil society groups are getting closer to unveiling a new set of guidelines that will change how the impact of big development projects is assessed across the Mekong region, NGOs said yesterday, following the end of a two-month public consultation period. ...