The Phnom Penh Post
Emerald to absorb Renaissance in merger
Australian mining firms Emerald Resources and Renaissance Minerals have agreed to merge in an all-stock deal that aims at creating synergies to develop gold projects in northeastern Cambodia, the companies said in a joint announcement yesterday. ...
Cam McGrath
http://www.phnompenhpost.com/business/emerald-absorb-renaissance-merger
Measles confirmation prompts fears, action
Two measles cases investigated by the government in recent weeks have been confirmed positive, bringing the total number to five this year and causing concern among health officials about a possible outbreak after the World Health Organization declared the country measles-free just last year. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/measles-confirmation-prompts-fears-action
Cintri rewarded with contract extensions
After years of public complaints and government threats to cancel its contract, Phnom Penh’s sole garbage collector appears to be cleaning up its act. ...
Kong Meta
http://www.phnompenhpost.com/national/cintri-rewarded-contract-extensions
Int’l air arrivals up 5% in the first half of 2016
Passengers traffic at Cambodia’s three international airports increased by 5 per cent during the first half of the year, compared to the same period a year earlier, the Kingdom’s airport operator said yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/intl-air-arrivals-5-first-half-2016
IMF sees rapid credit growth as main risk to economy
Cambodia’s economy continues to perform strongly, but rapid credit growth must be contained to reduce the risk of economic and financial instability, and to ensure a “soft landing” of the credit cycle, the International Monetary Fund (IMF) said in a statement issued yesterday at the ...
Cam McGrath
http://www.phnompenhpost.com/business/imf-sees-rapid-credit-growth-main-risk-economy
More investors plug in to Kingdom’s online growth
Cambodia’s fixed-line internet services market continues to attract new players despite limited infrastructure and a crowded playing field, new data show. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/more-investors-plug-kingdoms-online-growth
Credit life insurance provides a safety net for borrowers
More Cambodians than ever are turning to microfinance for money to cover their small business endeavours or pay expenses, and, increasingly, they are looking to protect their families from the burden of these debts in the event of death or disability. ...
Hor Kimsay
http://www.phnompenhpost.com/business/credit-life-insurance-provides-safety-net-borrowers
Gov’t wants extra time to clear mines
The government plans to request another extension of a deadline – originally set for 2009 and already extended to 2019 – to meet obligations under the Mine Ban Treaty, an official said yesterday. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/govt-wants-extra-time-clear-mines
Justice ministry praises UN rapporteur
Justice Ministry spokesman Chin Malin sang the praises of UN Special Rapporteur Rhona Smith on Saturday, following a report in the Post on Friday that she had lost the confidence of many in the human rights community. ...
Sacred site threatened by construction in Mondulkiri
Villagers in Mondulkiri province are protesting the construction of a Ministry of Mines vocational training centre on a piece of land they say is sacred with cultural significance to people across the province. ...
Phak Seangly and Ananth Baliga
http://www.phnompenhpost.com/national/sacred-site-threatened-construction-mondulkiri
FAST payments to move riel quickly
Three months since the central bank soft-launched its FAST payment system it is taking the system public, making electronic riel-denominated transfers available to the customers of more than a dozen financial institutions. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fast-payments-move-riel-quickly
CNRP to oppose lifting of members’ immunity
The opposition plans to attend the National Assembly’s Standing Committee meeting today to debate the lifting of immunity for two of its lawmakers. ...
Meas Sokchea
http://www.phnompenhpost.com/national/cnrp-oppose-lifting-members-immunity
A boom year for building projects
A stunning rise in the value of construction projects approved by the government in the first half of the year could be a sign that developers have found a willing ally in the newly appointed minister of land management, who has pushed through hundreds of ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/boom-year-building-projects
SIM card ownership down by nearly 12%
The number of mobile phone subscribers nationwide decreased by 11.5 per cent over the last year in what regulators are describing as a rebalancing after the market reached a saturation point, pushing well beyond 100 per cent penetration. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/sim-card-ownership-down-nearly-12
Wildscan app to help fight animal trafficking
A Khmer version of a smartphone app to help law enforcement deal with the illegal wildlife trade was launched yesterday. ...
Phak Seangly
http://www.phnompenhpost.com/national/wildscan-app-help-fight-animal-trafficking
UN rapporteur not ‘fulfilling mandate’, say rights veterans
Concerns are mounting among the human rights community, particularly in the wake of political analyst Kem Ley’s murder, that UN Special Rapporteur to Cambodia Rhona Smith is failing to fulfil her mandate in a time of what one observer termed “fear and confusion”. ...
Jack Davies
http://www.phnompenhpost.com/national/un-rapporteur-not-fulfilling-mandate-say-rights-veterans
Ministry looking to close pension gap for officials
The Ministry of Social Affairs is looking for ways to bring old pension plans into line with pensions offered to more recently retired government workers. ...
Sen David and Yesenia Amaro
http://www.phnompenhpost.com/national/ministry-looking-close-pension-gap-officials
Mobile services often first step to banking
The rapid growth in the number of Cambodians using mobile money services to transfer remittances is a positive step towards greater financial inclusion, and is serving as a gateway to financial services for the largely unbanked rural population, experts said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/mobile-services-often-first-step-banking
Tally reveals extent of tourism industry growth
The rapid growth of tourism has resulted in the parallel growth of tourist facilities, Tourism Minister Thong Khun said yesterday. ...
Warning issued after Ponzi scheme busted
The Ministry of Interior and the Securities and Exchange Commission of Cambodia (SECC) issued a joint release yesterday announcing that investigations of Empire Big Capital Ltd (EBC) and related firms AIF and ICA showed the companies had engaged in investment fraud. ...
Post Staff
http://www.phnompenhpost.com/business/warning-issued-after-ponzi-scheme-busted
Profit-tax revenue leads first half surge
Cambodia’s tax department collected $829 million in tax revenue during the first half of the year, 18 per cent more than during the same period a year earlier, led by surge in profit-tax revenue, according to government data released late on Tuesday. ...
MFIs extend reach with branchless banking
Branchless banking, including mobile banking, is one of the hottest trends in Cambodia’s microfinance industry, helping financial institutions deliver their products conveniently and affordably to people living in rural areas, industry insiders said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-extend-reach-branchless-banking
New tool for financial inclusion
The first comprehensive survey of the accessibility and usage of Cambodian financial services found that only 17 per cent of the Kingdom’s adult population is banked, with poor access to financial services among the key impediments to financial inclusion of those living in rural areas. ...
Cam McGrath
http://www.phnompenhpost.com/business/new-tool-financial-inclusion
Revenue from customs and excise up 20 per cent
Revenue collected by the customs and excise department jumped nearly 20 per cent during the first six months of the year, compared with the same period a year earlier, figures released yesterday show. ...
Post Staff
http://www.phnompenhpost.com/business/revenue-customs-and-excise-20-cent