The Phnom Penh Post

Two years since the opening of Cambodia’s first large-scale rice paddy bank, the private sector company behind the project is seeking additional capital to carry it through the next five years. Thaneakea Srov (Kampuchea) Plc launched services in late August 2014 with its sprawling facility in ...

Labour Minister Ith Samheng yesterday told stakeholders involved in the upcoming minimum wage negotiations to base their demands on the country’s economic situation, and not to try to influence the process through protests or demonstrations. Talks over the 2017 minimum wage for the garment sector are ...

Cambodia should seek to enlarge its market share of the Thai consumer market by focusing on the export of unique items, a visiting Thai trade promoter said during a workshop in Phnom Penh yesterday. ...

Minister of Commerce Pan Sorasak held a meeting with representatives of the European Union this week to discuss the formulation of a new trade program to be supported by the EU, the Ministry of Commerce announced yesterday. ...

Half of a Kuoy ethnic community forest in Stung Treng province – for which villagers are seeking official recognition – has been logged in the past three years for private commercial gain, according to recently returned environmental activist twins Chum Hout and Chum Hour. Seven ...

Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. ...

The days of cocaine smuggling, illegal fishing and human trafficking using ships bearing the Cambodian flag appear to have come to an end as government officials claim that, as of today, all foreign-owned ships operating through Cambodia’s “flag of convenience” scheme must be stripped of ...

Minister of Foreign Affairs Prak Sokhon on Tuesday met with US Ambassador William Heidt to discuss a pair of upcoming meetings of mutual interest: the ASEAN Summit and the East Asia Summit (EAS). The events will be held in Laos on September 3-8, and will ...

A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said yesterday. Total capital inflow of foreign direct investment (FDI) to Cambodia amounted to ...

A crucial time-saving function of the new digital voter registration system may not have been taught to the more than 2,000 computer operators who today will begin the task of registering Cambodia’s nearly 10 million eligible voters, it has emerged. After months of preparation, and several ...

The Ministry of Commerce is visiting the Kingdom’s petroleum importers to check their inventories following the release of new regulations this week that require the companies to maintain and report their stock levels, a ministry official said yesterday. ...

Prime Minister Hun Sen is slated to travel to Vietnam soon to meet with senior officials, the Ministry of Foreign Affairs has announced, a trip that will follow a meeting on border affairs between the two states that concluded without reaching an accord in Phnom ...

Cracks are beginning to appear in Phnom Penh’s property market following news this week that Singapore developer TEHO International has placed its troubled, $500 million upscale real estate project on hold. Citing an “unfavourable macro-economic outlook” in Phnom Penh’s condo sector, the Singapore-listed firm blamed poor ...

Preah Sihanouk provincial authorities plan to recruit about 30 lifeguards to help prevent drownings across the province’s seven beaches. The move comes in the wake of several tourist drownings; the latest casualties involved a South Korean 40-year-old father, Lee Minseock, and his 4-year-old son, Lee Seungjae, ...

The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...

Cambodian athletes are being screened for Zika after returning from the Olympics in Rio de Janeiro, and health officials will monitor their health for two weeks in order to minimise any possible transmission, an official with the Ministry of Health said yesterday. ...

Four Boeung Kak lake activists, including recently jailed community leader Tep Vanny, will face trial next month for a five-year-old case of insulting and obstructing public officials during a 2011 protest at City Hall. ...

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 ...

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. ...

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). ...

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 ...

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 ...

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 ...

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. ...