The Phnom Penh Post

Air cargo volume soars again

For the second straight year Cambodia has proven to be one of the world’s most dynamic markets for air freight shipments, with growth in cargo volume exceeding both global and regional averages. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/air-cargo-volume-soars-again

Alternative to TPP shows no sign of activity: analysts

While Prime Minister Hun Sen has publicly expressed his distaste for the Trans-Pacific Partnership (TPP), which was dealt a critical blow by US President Donald Trump’s decision to withdraw the United States from the agreement, economists say there has been little visible progress in cementing ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/air-cargo-volume-soars-again

Dropout rates dropped in ’16, Education Ministry says

Significantly fewer upper secondary students dropped out of school in 2016 compared to the previous year, but Cambodian education authorities say they still want to halve the rate to improve graduation rates and students’ chances of success in life. ...

Touch Sokha
http://www.phnompenhpost.com/national/dropout-rates-dropped-16-education-ministry-says

Level the playing field: PM to World Trade Organization

Prime Minister Hun Sen accused the World Trade Organization (WTO) of operating under a double standard yesterday, claiming the international trade body was applying pressure on small developing economies while overlooking the regulatory breaches of its more developed member states. ...

Kali Kotoski and Touch Sokha
http://www.phnompenhpost.com/business/level-playing-field-pm-world-trade-organization

International trade swells to $22B

The value of Cambodia’s international trade surged to $22 billion last year on double-digit growth of both imports and exports, according to newly released data from the Ministry of Commerce. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/international-trade-swells-22b

Emerald to issue Okvau feasibility study soon

Australian mining firm Emerald Resources is on track to complete its definitive feasibility study for its Okvau gold project in Mondulkiri province by the end of this month, the company reported in a filing on the Australian Securities Exchange (ASX). ...

Post Staff
http://www.phnompenhpost.com/business/emerald-issue-okvau-feasibility-study-soon

Commune hopefuls to get their 15 minutes

The National Election Committee on Saturday announced new guidelines for the June commune elections, granting all 12 registered parties equal airtime on government-run broadcaster TVK. ...

Lay Samean
http://www.phnompenhpost.com/national/commune-hopefuls-get-their-15-minutes

Microlender in monster deal

Hong Kong financial giant The Bank of East Asia and Sri Lanka’s LOLC announced on Friday that they have jointly acquired a majority stake in Prasac Microfinance, Cambodia’s largest microfinance institution (MFI) by assets, in what could be the largest acquisition of a Cambodian lender ...

Kali Kotoski
http://www.phnompenhpost.com/business/microlender-monster-deal

Canadian miner renews five licences, drops two

Canadian mining firm Angkor Gold has received approval from the Ministry of Mines and Energy to extend its exploration licences for five tenements for an additional three years with the option of extending another four years after, the company said in a press release. ...

Post Staff
http://www.phnompenhpost.com/business/canadian-miner-renews-five-licences-drops-two

Beer tops advertising budgets

Beer advertising is one of the fastest growing advertising segments in the Kingdom, though just as people often struggle to keep track of how many beers they have put away, the amount that local breweries and distributors actually spend on media placements is subject to ...

Lay Samean
http://www.phnompenhpost.com/business/beer-tops-advertising-budgets

Kampot pepper prices plunge

Pepper prices in the Kingdom’s largest pepper producing region have fallen over 30 percent in the last year due to growing international supply that is leading to higher competition in the market, an industry expert said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/kampot-pepper-prices-plunge

More than 500 apply for June poll

The National Election Committee (NEC) has received more than 500 applications in the first month of registration for commune election observers, according to a statement released on Wednesday. ...

Lay Samean
http://www.phnompenhpost.com/national/more-500-apply-june-poll

Health Ministry admits shortcomings in report

The Ministry of Health acknowledged yesterday in its annual report that the quality of health care services in the Kingdom remains poor, with experts concluding that the slow improvement is due to a lack of government commitment.   ...

Kong Meta and Yesenia Amaro
http://www.phnompenhpost.com/national/health-ministry-admits-shortcomings-report

IFC to boost corporate governance

The International Finance Corporation (IFC) launched a corporate governance initiative yesterday aimed at enhancing the efficiency of Cambodia’s private sector to strengthen the business climate and spur foreign investment and job creation, it said in a release. ...

Post Staff
http://www.phnompenhpost.com/business/ifc-boost-corporate-governance

Thais ‘offer trains’ for new rail link

The Thai government has made a verbal commitment to supply four trains to Cambodia for a railway set to connect the neighbouring countries by early July, said Ly Borin, undersecretary of state at the Public Works and Transport Ministry and director of the Cambodia Railroad ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/thais-offer-trains-new-rail-link

City sewage plan mooted

The Japan International Cooperation Agency (JICA) has finalised a sewage management master plan for Phnom Penh, which is in dire need of a wastewater treatment plant, officials said yesterday.   ...

Yesenia Amaro
http://www.phnompenhpost.com/national/city-sewage-plan-mooted

Feed mill to take bite out of growing import demand

Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/feed-mill-take-bite-out-growing-import-demand

Kheng queries Sokha’s validity

Interior Minister Sar Kheng yesterday, after becoming the latest ruling party official to weigh in on the CNRP’s embattled campaign slogan, went on to question the validity of the recent extraordinary congress that elevated Kem Sokha to party president.At the inauguration of a new road ...

Meas Sokchea and Ananth Baliga
http://www.phnompenhpost.com/national/kheng-queries-sokhas-validity

Feed mill to take bite out of growing import demand

Chip Mong Group is the latest conglomerate to invest into local production of animal feed, announcing this week that it will sink $60 million into building a large-scale feed mill and industrial piggery, a move that agricultural experts welcomed but said would still not be ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/feed-mill-take-bite-out-growing-import-demand

Forest patrollers accuse authorities of collusion

Prey Lang Community Network conservation activists in Kratie province have accused local officials of colluding with illegal timber transporters after authorities allegedly declined to intervene after being tipped off on Sunday to stockpiles of logs thought to have been felled within a wildlife sanctuary.Ek Sovanna, ...

Phak Seangly
http://www.phnompenhpost.com/national/forest-patrollers-accuse-authorities-collusion

Efforts to formalise SMEs fall short

The Cambodian government has made negligible progress in bringing small- and medium-size enterprise (SMEs) into the regulatory fold, reporting a less than 0.5 percent increase in the total number of companies registered in the last five years – a sign business professionals claim shows that ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/efforts-formalise-smes-fall-short

Families want road expansion scaled back

About 40 families asked the government last week to review road expansion plans at Phnom Penh’s Prek Pnov Bridge, saying the proposed dimensions would force them to lose property and even parts of their homes. ...

Sen David
http://www.phnompenhpost.com/national/families-want-road-expansion-scaled-back

Angkor Gold approves mining payout scheme

Cambodian mining firm Angkor Gold has agreed to accept payment by instalment on Mesco Gold’s final tranche for the purchase of its Phum Syarung gold mine in northeastern Cambodia, the company said in press release. ...

Post Staff
http://www.phnompenhpost.com/business/angkor-gold-approves-mining-payout-scheme

Pay protest amid fears owners skipped town

More than 600 workers from the capital’s Bodykids Fashion Wear factory protested on Friday and Saturday after management failed to pay them their February wages. ...

Sen David
http://www.phnompenhpost.com/national/pay-protest-amid-fears-owners-skipped-town

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