The Phnom Penh Post
Construction work progress continues amid illegal workers’ arrest
Since the start of the year, department authorities at the Ministry of Interior have arrested more than 10,000 illegal workers, with the bulk of them being construction workers. However, industry experts and investors are split on the opinions that the arrest will impinge on the ...
Aeon Mall a no-go zone for real estate events
After a surge in property-related events by various real estate developers at Aeon Mall’s Daylight Plaza, the centre’s management team is now holding off on requests from developers. ...
Catherine Harry
http://www.phnompenhpost.com/post-property/aeon-mall-no-go-zone-real-estate-events
Officials discuss future Kep developments
Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB). ...
Post Staff
http://www.phnompenhpost.com/business/officials-discuss-future-kep-developments
Bavet SEZ unequipped to treat its wastewater: ministry
The Ministry of Environment said yesterday that a recently constructed water-treatment facility at the Manhattan Special Economic Zone in Svay Rieng is unable to deal with most of the polluted water generated by factories at the site, and that 70 per cent was being dumped ...
Kong Meta
http://www.phnompenhpost.com/national/bavet-sez-unequipped-treat-its-wastewater-ministry
Region agrees on new standards for rubber
Rubber industry experts and government officials from ASEAN member countries gathered in Siem Reap yesterday to agree on harmonised standards for rubber products that would facilitate cross-border trade. The Asean Consultative Committee for Standards and Quality (ACCSQ) Rubber-Based Product Working Group (RBPWG) agreed to 61 harmonised ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/region-agrees-new-standards-rubber
Borey developers adjust strategies as sales decline
Condos and boreys have been experiencing a decline in sales, prompting developers to go back to the drawing board when devising financing strategies in a bid to lure back potential buyers. Nget Piseth, director assistant of Borey Piphup Thmey, said recently that residential sales in his ...
Siv Meng
http://www.phnompenhpost.com/post-property/borey-developers-adjust-strategies-sales-decline
Shukaku inc and Don Bosco sign scholarship MoU
Real estate developer Shukaku Inc has inked a memorandum of understanding (MoU) with education and training-focused NGO Don Bosco Foundation, worth more than $69,000. Under the MoU, Shukaku would sponsor 20, two-year scholarships for Don Bosco students as well as develop a brand-new computer lab. ...
Post Staff
http://www.phnompenhpost.com/post-property/shukaku-inc-and-don-bosco-sign-scholarship-mou
Zaman school resists call for closure
Zaman school officials and parents yesterday urged the Cambodian government not to shutter the schools as the Turkish Ambassador to Cambodia Ilhan Tug has requested, saying students will ultimately suffer. The Turkish Embassy has repeatedly called for the schools’ closure in recent weeks, citing their links ...
Sen David and Yesenia Amaro
http://www.phnompenhpost.com/national/zaman-school-resists-call-closure
MFI lending continues on course
Cambodia’s microfinance sector continued to expand rapidly during the first half of the year, despite concerns over rising default rates as the industry’s main borrowers – provincial farmers – struggle to repay their loans after successive seasons of drought and poor harvests. ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfi-lending-continues-course
Vouchers increase access to IUDs: study
Poor women in Cambodia are more likely to use long-term reversible forms of birth control, like IUDs or implants, if they receive outside assistance, a new study has found. ...
Kali Kotoski
http://www.phnompenhpost.com/national/vouchers-increase-access-iuds-study
US to provide $125M for Acleda financing
The Overseas Private Investment Corporation (OPIC), the US government’s development financial institution, signed a commitment letter for $125 million direct loan to Acleda Bank to support all sectors through microenterprises and small- and medium-size enterprises (SMEs), Acleda Bank said in a press release yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/us-provide-125m-acleda-financing
Battambang rice-farming families fear floods
About 40,000 Battambang rice-farming families already suffering steep losses from a severe drought are at risk of seeing their crops wiped out entirely by devastating floods as late seasonal rains start to kick in. A drought that meteorologists have blamed on the tail-end of an ...
Cheng Sokhorng
http://www.phnompenhpost.com/national/battambang-rice-farming-families-fear-floods
Cambodia Securities Exchange open for liquidity provider applications
The Cambodia Securities Exchange (CSX) officially began receiving applications for liquidity providers yesterday as part of an initiative to boost market liquidity, it said in a press release. ...
Post Staff
http://www.phnompenhpost.com/business/cambodia-securities-exchange-open-liquidity-provider-applications
More angels coming in search of worthy investments
Two months since a group of angel investors visited Phnom Penh in search of startup investment opportunities, the organisation behind the initiative is planning an even bigger scouting mission, looking for investment opportunities in the Kingdom’s small but vibrant startup community. ...
Kali Kotoski
http://www.phnompenhpost.com/business/more-angels-coming-search-worthy-investments
Big timber stash found in Pursat
An NGO operating in the Pursat section of the protected Cardamom Mountains uncovered 50 cubic metres of luxury timber yesterday. Chea Hean, director of the Natural Resource and Wildlife Preservation Organisation, said he and four colleagues uncovered the illicit stash as part of an ongoing investigation, ...
Phak Seangly
http://www.phnompenhpost.com/national/big-timber-stash-found-pursat
Police force to provide ‘security’ during upcoming elections
National Police deputy chief Kirth Chantharith will head a team to handle security during upcoming elections, with the group to decide upon the placement of “national security agents” for voters’ protection, according to a statement. ...
Mech Dara
http://www.phnompenhpost.com/national/police-force-provide-security-during-upcoming-elections
Up to $85M earmarked to develop agro sectors
Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/85m-earmarked-develop-agro-sectors
Ministry seeks funds from US for land dispute resolution
Land Management Minister Chea Sophara met with US Ambassador William Heidt on Monday evening to discuss the progress of recently established land dispute working groups and to request funding for an initiative to incentivise the resolution of such disputes. A ministry press release said Sophara ...
Sen David
http://www.phnompenhpost.com/national/ministry-seeks-funds-us-land-dispute-resolution
PPSP reports decline in revenue, net profit
Industrial park operator Phnom Penh SEZ, which became the fourth company on Cambodia’s stock exchange when it listed in May, released its audited 2015 annual report and 2016 half-year financials yesterday, reporting declines in revenue and net profit over the past 18 months on slower ...
Kali Kotoski
http://www.phnompenhpost.com/business/ppsp-reports-decline-revenue-net-profit
Civil society groups secure pledges from PM Hun Sen at forestry forum
Billed as a Cambodian first, the invitation of 500 civil society and community representatives to a forum on environmental issues with Prime Minister Hun Sen proved largely a platform for the premier to hold forth on policy and politics, with many observers bemoaning the sidelining ...
Jack Davies and Phak Seangly
http://www.phnompenhpost.com/national/civil-society-groups-secure-pledges-pm-hun-sen-forestry-forum
High-stakes Grade 12 exams kick off
Education Minister Hang Chuon Naron applauded the vast majority of Grade-12 students for obeying the strict no-cheating rules he introduced three years ago as nationwide testing kicked off yesterday with relatively few hiccups. ...
Khouth Sophak Chakrya and Yesenia Amaro
http://www.phnompenhpost.com/national/high-stakes-grade-12-exams-kick
Garment factories to buy into automation
Investors in Cambodia’s garment industry are increasingly purchasing modern equipment as they look to produce higher value-added products to compete in the international market and counter rising labour costs, an industry insider said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/garment-factories-buy-automation
Petition seeks vote for workers overseas
A group campaigning for better governance yesterday demanded parliamentarians push the government to allow Cambodians living abroad to vote, while also calling for stricter enforcement of migration legislation inside the country. ...
Mech Dara
http://www.phnompenhpost.com/national/petition-seeks-vote-workers-overseas
Livelihoods ‘key’ in HIV fight
The research branch of the NGO Khana has argued in a new peer-reviewed study that livelihood programs for people living with HIV – which address recipients’ economic rather than medical needs – could be the key to significant improvements in quality of life for the ...
Cristina Maza
http://www.phnompenhpost.com/national/livelihoods-key-hiv-fight