The Phnom Penh Post

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

Education not curbing use of pesticides: study

Cambodian farmers are mixing pesticides to increase their potency in ways that are known to be hazardous, but increased knowledge of the hazards presented by pesticides does not appear to curb their use, a new study shows. ...

Leonie Kijewski
http://www.phnompenhpost.com/national/education-not-curbing-use-pesticides-study

CMAC deminers, dogs going to work in Israel

The Cambodian Mine Action Centre (CMAC) will send demining experts and dogs to Israel today, as part of an apparent bid to improve relations between the two countries. ...

Touch Sokha
http://www.phnompenhpost.com/national/cmac-deminers-dogs-going-work-israel

VIPs roll into capital’s casino

Nagacorp Ltd, the Hong Kong-listed operator of Cambodia’s NagaWorld casino and hotel complex, posted $3.73 billion in VIP rolling chip volume during the first quarter of 2017, a 34 percent year-on-year increase, while mass market buy-ins and electronic gaming machine (EGM) growth remained steady, the ...

Kali Kotoski
http://www.phnompenhpost.com/business/vips-roll-capitals-casino

Sathapana Bank secures $50M to scale up

Sathapana Bank Plc has received a hefty $50 million bilateral loan from the Bangkok branch of Mizuho Bank, a subsidiary of one of Japan’s largest financial institutions, in a move that banking insiders say will help the newly consolidated bank expand its lending portfolio as ...

Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-secures-50m-scale

Laos-Cambodia border closed over tensions

In the latest flare up in tensions between the two countries, Lao authorities temporarily shut a border crossing with Cambodia and dispatched more troops to an undemarcated area on the northern border after Cambodian authorities began renovating an old French border outpost. ...

Mech Dara
http://www.phnompenhpost.com/national/laos-cambodia-border-closed-over-tensions

Unseasonable rains to continue: ministry

The Ministry of Water Resources and Meteorology has predicted that the unseasonable storms will continue until this Sunday. ...

Khouth Sophak Chakrya and Jovina Chua
http://www.phnompenhpost.com/national/unseasonable-rains-continue-ministry

Adhoc accuses Ratanakkiri official of OK’ing sale of sanctuary land

Some 200 hectares of forest in Ratanakkiri’s Lumphat Wildlife Sanctuary have been cleared and sold for up to $400 per hectare – allegedly with an official’s blessing – while an additional 700 hectares around the protected area face clearing. ...

Phak Seangly
http://www.phnompenhpost.com/national/adhoc-accuses-ratanakkiri-official-oking-sale-sanctuary-land

GTI growth from higher orders and lower costs

Taiwanese-owner garment manufacturer Grand Twins International (GTI), which posted a 44 percent surge in revenue and a massive 390 percent in net profit last year, attributed the surge to an increase in orders and the decrease of raw material costs, administration costs and total commissions, ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/gti-growth-higher-orders-and-lower-costs

Soft tax approach sends mixed signals

The Tax Department has announced a one-month extension to its traditional March 31 deadline for companies to submit their annual corporate tax filings – an unprecedented last-minute move that some legal experts argue could be sending the wrong message to taxpayers. ...

Kali Kotoski
http://www.phnompenhpost.com/business/soft-tax-approach-sends-mixed-signals

Tourism as usual at Angkor Wat despite steeper fees

The steep increase in Angkor Wat ticket prices on February 1 did not discourage tourists from visiting the country’s chief tourist draw, as some feared, but it also did not reap any significant material gains for the government coffers, new data shows. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/tourism-usual-angkor-wat-despite-steeper-fees

Illegal logger loses foot to mine

An illegal logger lost a foot to an anti-personnel mine in Preah Vihear province near the border with Thailand on Saturday while searching for rosewood. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/illegal-logger-loses-foot-mine-0

CNRP drops contentious slogan

After claiming for weeks that a controversial party slogan was not actually official, the opposition Cambodia National Rescue Party decided to remove the phrase from its official party platform yesterday in an attempt at “reconciliation”. ...

Meas Sokchea
http://www.phnompenhpost.com/national/cnrp-drops-contentious-slogan

Rural access to water, sanitation improves

According to the report, the number of people living in rural areas who had access to clean water increased from half in 2015 to 53 percent in 2016, while access to sanitation, such as proper toilets, increased nearly 10 percent to 56 percent. ...

Sen David
https://web.archive.org/web/20180227051455/http:/www.phnompenhpost.com/national/rural-access-water-sanitation-improves

Seaport operator cruises toward IPO

The state-owned enterprise that operates Cambodia’s only deep-sea port is aiming to raise $27 million by floating a 25 percent stake on the Kingdom’s stock market, a company executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/seaport-operator-cruises-toward-ipo

Palm sugar’s GI status could soon get EU protection

The European Union is expected to enter Kampong Speu palm sugar into its registry of protected geographical indicators (GI) by July following a push by the Cambodian government to protect the specialty food product in one of its biggest markets, a Ministry of Commerce official ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/palm-sugars-gi-status-could-soon-get-eu-protection

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