The Phnom Penh Post

MFIs predict lower earnings

With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia (NBC) issued a populist measure to curb high interest rates, microfinance institutions (MFIs) are starting to give predictions for lower profits ...

Hor Kimsay and Kali Kotoski
http://www.phnompenhpost.com/business/mfis-predict-lower-earnings

Villagers, soldiers in land battle

Villagers involved in a long-running land dispute in Kratie province’s Sambor district have prevented soldiers from building a fence around disputed land that the army intends to use as a sniper training ground. ...

Phak Seangly
http://www.phnompenhpost.com/national/villagers-soldiers-land-battle

Bus firms agree to not hike rates on the eve of Khmer New Year

Twenty-nine bus companies have agreed not to raise ticket prices on the eve of the upcoming Khmer New Year holiday after a meeting with officials from the Ministry of Public Works and Transport yesterday morning. ...

Sen David
http://www.phnompenhpost.com/national/bus-firms-agree-not-hike-rates-eve-khmer-new-year

Hun Sen endorses ‘One China’

Prime Minister Hun Sen has reaffirmed the country’s commitment to supporting Beijing’s One China policy during a meeting with a Chinese official, a stance one expert called “obsequious”. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/hun-sen-endorses-one-china

Elephant put down after fatal rampage

After a rampage that destroyed homes and terrified villagers, a rogue elephant was shot by police in Mondulkiri early on Friday morning, with one local mahout saying the unfortunate killing was an outgrowth of a changing way of life that has seen elephants’ traditional work ...

Khouth Sophak Chakrya and Ananth Baliga
http://www.phnompenhpost.com/national/elephant-put-down-after-fatal-rampage

New campaign to educate Cambodians about June elections

The National Election Committee (NEC) on Friday launched a radio campaign to educate Cambodians about upcoming commune elections and to counter misinformation about the June 4 poll. ...

Touch Sokha
http://www.phnompenhpost.com/national/new-campaign-educate-cambodians-about-june-elections

Transparency International opens up to new members

The Cambodian arm of anti-corruption group Transparency International aims to get greater grassroots support for its work and turn itself into a “social movement” by opening up to individual and group memberships. ...

Andrew Nachemson
http://www.phnompenhpost.com/national/transparency-international-opens-new-members

Pestech awarded $100M transmission line contract

Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230-kilovolt transmission line valued at $100 million to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. ...

Hor Kimsay
http://www.phnompenhpost.com/business/pestech-awarded-100m-transmission-line-contract

Uber gears up to enter market

Representatives from global ride-hailing behemoth Uber confirmed the company’s interest in starting operations in Cambodia during a meeting this week with Transportation Minister Sun Chanthol, according to one of the minister’s aides. ...

Matthieu de Gaudemar and Hor Kimsay
http://www.phnompenhpost.com/business/uber-gears-enter-market

World MPs see rights crisis in Kingdom

Two separate groups of international parliamentarians this week raised concerns over the state of democracy in Cambodia, seeing threats to pluralism and human rights in harassment of opposition politicians, trade unions and civil society activists. ...

Cristina Maza and Meas Sokchea
http://www.phnompenhpost.com/national/world-mps-see-rights-crisis-kingdom

White Building dwellers told to vote CPP for speedy eviction deal

A day before Land Management Minister Chea Sophara was scheduled to meet residents of Phnom Penh’s iconic White Building, the locale’s village chiefs promised to find a quick solution to the residents’ impending eviction – if the ruling Cambodian People’s Party fared well in the ...

Sen David and Ananth Baliga
http://www.phnompenhpost.com/national/white-building-dwellers-told-vote-cpp-speedy-eviction-deal

Team finds fish deaths due to lack of oxygen

Experts from the Institute of Standards of Cambodia (ISC) inspected Chinese-owned Rui Feng sugar company’s factory this week after suspicions that its runoff had caused last month’s mass fish deaths in Preah Vihear. ...

Phak Seangly
http://www.phnompenhpost.com/national/team-finds-fish-deaths-due-lack-oxygen

Economy to face new challenges

Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank (ADB) said in its annual report yesterday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/economy-face-new-challenges

Kingdom pursuing tax treaty with South Korea

South Korea is pushing forward with discussions to hammer out a double taxation agreement (DTA) with the Kingdom that would provide an additional incentive for Korean businesses to set up shop and increase fiscal transparency while shielding individuals and corporations from being taxed twice. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kingdom-pursuing-tax-treaty-south-korea

Water utility widens revenue stream

The capital’s listed water utility inaugurated a new treatment facility yesterday that will increase its production capacity of clean water by 30 percent, and add to its revenue stream – a move likely to impress its shareholders. ...

Hor Kimsay
http://www.phnompenhpost.com/business/water-utility-widens-revenue-stream

Voter rolls accurate: Comfrel

Two election monitoring groups have conducted an audit of National Election Committe-issued NEC voter lists in 252 communes and found them to be 98 percent accurate, potentially quelling, at least in part, past anxieties over the quality and veracity of these lists.​ ...

Touch Sokha
http://www.phnompenhpost.com/national/voter-rolls-accurate-comfrel

Timber found on chief’s land

A stockpile of illegal timber was reportedly found on the land of a district military police chief in Kampong Speu province, while his son-in-law and alleged timber trader Sy Sar remains at large. ...

Phak Seangly
http://www.phnompenhpost.com/national/timber-found-chiefs-land

Cambodia, Laos draw back troops in bid to avoid escalation at border

After a two-hour meeting, Cambodian and Lao provincial military and border officials yesterday reached an agreement to draw back forces from two undemarcated zones where the building of outposts had recently sparked military stand-offs, according to a general in the area. ...

Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/cambodia-laos-draw-back-troops-bid-avoid-escalation-border

PM confirms sky is the limit for twin towers

At the official inauguration of the Hun Sen Boulevard on Monday, the prime minister proudly and publicly acknowledged the go-ahead for the Thai Boon Roong Twin Trade Center – the 133-storey twin skyscrapers that, when announced in February last year, was largely doubted by industry ...

Siv Meng
http://www.phnompenhpost.com/post-property/pm-confirms-sky-limit-twin-towers

Kingdom a warm respite for Russia

Increasingly hurt by sanctions and frozen out by the West over its meddling in Ukraine, Syria and the recent US presidential election, Russia is seeking to pivot to Asia and establishing a beachhead in a decidedly warmer locale – Cambodia. ...

Cristina Maza
http://www.phnompenhpost.com/national/kingdom-warm-respite-russia

Phase two of stadium for 2023 SEA Games commences

On Tuesday, two more buildings in the series of buildings in the Morodok Techo National Sports Complex commenced construction at a groundbreaking ceremony presided over by Prime Minister Hun Sen. ...

Moeun Nhean
http://www.phnompenhpost.com/post-property/phase-two-stadium-2023-sea-games-commences

Startups turn heads in Silicon Valley

Cambodia’s startups have clamoured to attract foreign venture capital, and now even Silicon Valley is paying attention. Last month, local media and entertainment site Khmerload – described by some as Cambodia’s version of Buzzfeed – secured $200,000 in investment from the regional arm of California-based ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/startups-turn-heads-silicon-valley

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

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