The Phnom Penh Post

Requests for pardons way down: official

The Ministry of Justice has received far fewer official requests for this year’s stricter round of pardons and sentence reductions, scheduled to coincide with the Visak Bochea Buddhist holiday, a spokesman said yesterday.   ...

Bun Sengkong
http://www.phnompenhpost.com/national/requests-pardons-way-down-official

SEZs starting to see the light of solar energy

Despite a precipitous drop in the start-up costs of solar energy, Cambodia’s biggest industrial parks are sticking to high-cost grid and fuel-generated electricity, claiming that when it comes to attracting foreign manufacturers, a stable power supply trumps a cheaper electricity bill. ...

Kali Kotoski
http://www.phnompenhpost.com/business/sezs-starting-see-light-solar-energy

Current account deficit rises to $542M in 4Q15

Cambodia’s current account balance deficit was the equivalent of $542 million in the fourth quarter of 2015, the equivalent of 11.5 per cent of GDP, the National Bank of Cambodia said in a report released yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/current-account-deficit-rises-542m-4q15

Trademark protection deemed vital for innovation

Newly appointed Minister of Commerce Pan Sorasak issued a shot across the bow yesterday at individuals and companies that infringe on the intellectual property of other firms, warning his ministry was ready to take action against violators. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/trademark-protection-deemed-vital-innovation

CAIF hopes to put a dent in used auto market

The independent industry body representing Cambodia’s authorised automobile distributors launched a consumer awareness campaign yesterday aimed at informing the public of the risks of purchasing second-hand cars on the local grey market, which it said reduces government tax revenue while flooding the streets with predominately ...

Kali Kotoski
http://www.phnompenhpost.com/business/caif-hopes-put-dent-used-auto-market

Gov’t ready to ink tax treaty with Singapore

Cambodia and Singapore have finalised an agreement on double taxation and are set to sign it into effect soon, state news agency AKP reported yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/govt-ready-ink-tax-treaty-singapore

PM threatens to use courts to silence pundits, with Virak top of list

 Prime Minister Hun Sen has called for legal action against those who “twist” the truth to malign the ruling Cambodian People’s Party, taking aim at the nation’s political analysts and commentators, with one of its most prominent, Ou Virak, the first in the crosshairs.  ...

Ananth Baliga and Meas Sokchea
http://www.phnompenhpost.com/national/pm-threatens-use-courts-silence-pundits-virak-top-list

Preah Vihear temple model draws government’s ire

The construction by the Thai military of a miniature replica of the Preah Vihear temple complex has been met with consternation by the government. ...

Jack Davies and Vong Sokheng
http://www.phnompenhpost.com/national/preah-vihear-temple-model-draws-governments-ire

Yentieng shuts down query into envelopes

The head of the Anti-Corruption Unit, Om Yentieng, yesterday dismissed a request to explain the contents of envelopes he distributed to soldiers earlier this month by, in essence, declaring: we ask the questions, not you. ...

Lay Samean and Niem Chheng
http://www.phnompenhpost.com/national/yentieng-shuts-down-query-envelopes

Testing drugs a cop job: Chito

National Police anti-drug chief Mok Chito yesterday said his officers need to begin inserting themselves into a stage of investigations until now the sole domain of the judiciary – drug testing.   ...

Mech Dara
http://www.phnompenhpost.com/national/testing-drugs-cop-job-chito

Green light for protected forest plans

The Ministry of Environment has given two NGOs the go-ahead to implement their proposed management plans for five protected community forest areas in Battambang and Pursat provinces, projected to cover 1,064 families and 2,761 hectares.   ...

Kong Meta
http://www.phnompenhpost.com/national/green-light-protected-forest-plans

Shift in focus for donors may spell trouble: study

Dwindling donor funding for combating HIV/AIDS, malaria and tuberculosis could have a critical impact on low-income countries like Cambodia, a new study has found, with some health workers in the Kingdom saying that the squeeze is already being felt.   ...

Yesenia Amaro
http://www.phnompenhpost.com/national/shift-focus-donors-may-spell-trouble-study

Port cargo traffic rises on swelling economy

Container traffic at Sihanoukville Autonomous Port (SAP), which operates the country’s only deep-sea port, increased by almost 10 per cent during the first quarter of the year, compared to a year earlier, while tonnage rose by 11.5 per cent, a company official said yesterday. ...

Sor Chandara
http://www.phnompenhpost.com/business/port-cargo-traffic-rises-swelling-economy

Leaks detail Cambodian ties to clandestine world of offshore banking

In 2001, a man with the same name and address as Tuol Kork-based computer salesman Thai Tino established the first of several shell companies incorporated in the British Virgin Islands.   ...

Jack Davies
http://www.phnompenhpost.com/national/leaks-detail-cambodian-ties-clandestine-world-offshore-banking

Ex-military police officer arrested in Mondulkiri

Notorious former military police officer and purported illegal-timber trader Sou Marith was apprehended yesterday morning along with three other men while allegedly transporting timber in Mondulkiri’s Keo Seima district. ...

Phak Seangly
http://www.phnompenhpost.com/national/ex-military-police-officer-arrested-mondulkiri

Hot weather shakes up local salt sector

Unusually high yields of salt production in Kep and Kampot province have surpassed the market’s low demand, filling the nation’s salt storage facilities to capacity, the head of a local industry body said yesterday.   ...

Sor Chandara
http://www.phnompenhpost.com/business/hot-weather-shakes-local-salt-sector

NBC reveals interbank fund payment service

The National Bank of Cambodia will launch a new payment system to increase inter bank activity in a move to shore up confidence in the Kingdom’s rapidly expanding banking sector, it said in a press release yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/nbc-reveals-interbank-fund-payment-service

Fourth IPO kicks off roadshow

Phnom Penh SEZ Plc, which operates the country’s busiest industrial park, launched its IPO public roadshow yesterday, pitching its solid track record and growth potential to prospective investors that it hopes will sink up to $11.6 million into the company’s initial public offering on the ...

Cam McGrath
http://www.phnompenhpost.com/business/fourth-ipo-kicks-roadshow

Freight rail services gather pace

Freight rail shipments have gained traction since commercial rail traffic resumed on the Kingdom’s sole operational railway line in 2013, but Royal Railway, the private company with a 30-year concession to operate the Kingdom’s railway network, is pressing for more growth as it seeks to ...

Kali Kotoski
http://www.phnompenhpost.com/business/freight-rail-services-gather-pace

Crackdown halts illegal timber trade with Vietnam: gov’t

The illegal timber trade to Vietnam, a key nexus in a shadow industry worth billions of dollars, has been all but eliminated, an official said yesterday in summarising a new report from the government’s anti-logging commission, a claim met with disbelief by more than one ...

Mech Dara and Igor Kossov
http://www.phnompenhpost.com/national/crackdown-halts-illegal-timber-trade-vietnam-govt

Low reservoir levels in Siem Reap affecting thousands

More than 1,000 families in Siem Reap province are facing clean water shortages as the water level at Baray Teuk Thla reservoir has fallen for the first time in several years due to the especially harsh drought conditions confronting the Kingdom in recent months.   ...

Sen David
http://www.phnompenhpost.com/national/low-reservoir-levels-siem-reap-affecting-thousands

Fire officials to aid CPP village push

Twenty-four officials from the Interior Ministry’s fire department have been ordered to join the ruling Cambodian People’s Party’s local working groups operating in Battambang province.   ...

Mech Dara
http://www.phnompenhpost.com/national/fire-officials-aid-cpp-village-push

Customs revenue up by 30 pct in first quarter

Revenue from customs duties and excise tax grew by around 30 per cent to $472 million during the first quarter of the year ...

Post Staff
http://www.phnompenhpost.com/business/customs-revenue-30-pct-first-quarter

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