The Phnom Penh Post

Banker to lead Khmer-Chinese coterie

Banking pioneer Pung Kheav Se was appointed yesterday as president of the Association of Khmer-Chinese in Cambodia, succeeding Duong Chhiv, who retired after holding the post for 16 years. ...

Hor Kimsay
http://www.phnompenhpost.com/business/banker-lead-khmer-chinese-coterie

Encryption aid deal inked

Vietnam inked a deal with Cambodia on Friday to provide more than half a million dollars’ worth of training in encryption coding, prompting some to question the wisdom of accepting foreign help to protect state secrets. ...

Vong Sokheng
http://www.phnompenhpost.com/national/encryption-aid-deal-inked

Timber raids log multiple arrests

Forestry officials in Stung Treng province arrested two people and confiscated three SUVs loaded with timber on Saturday night during a raid in Siem Pang district. ...

Niem Chheng and Mech Dara
http://www.phnompenhpost.com/national/timber-raids-log-multiple-arrests

Record low deaths from landmines

Minister of Foreign Affairs Prak Sokhonn said yesterday that casualties from landmines plummeted to a record low last year, while praising the ongoing work of Cambodian soldiers who take their demining skills abroad.​ ...

Touch Sokha
http://www.phnompenhpost.com/national/record-low-deaths-landmines

New dam on Mekong looms

Representatives from Cambodia, Laos, Thailand and Vietnam gathered in Vientiane on Thursday to launch a six-month consultation process on what would be the third mainstream hydropower dam in Laos’s Lower Mekong River.   ...

Cristina Maza
http://www.phnompenhpost.com/national/new-dam-mekong-looms

Sleeker tax system nets more revenue

Efforts to introduce an effective, modern taxation system appear to be paying off as government coffers swelled last year, giving the state more revenue to use for development at a time when donor aid is drying up. ...

Hor Kimsay
http://www.phnompenhpost.com/business/sleeker-tax-system-nets-more-revenue

Solid year to carry forward: NBC

The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting the continued large growth of the banking sector while warning that the Kingdom was still vulnerable to external economic factors. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/solid-year-carry-forward-nbc

Man faces defamation suit amid land-clearing claims

An activist in Stung Treng province has been hauled before commune authorities, threatened with a defamation suit and allegedly warned he could be beaten to death for exposing land clearing in his native Thala Borivat district. ...

Phak Seangly
http://www.phnompenhpost.com/national/man-faces-defamation-suit-amid-land-clearing-claims

Economy resilient to global headwinds: World Bank

Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/economy-resilient-global-headwinds-world-bank

Plans for solar-powered industrial park illuminated

A joint venture between South Korean and Cambodian investors is planning to establish an industrial park on approximately 100 hectares in Kampong Chhnang province with an on-site solar farm to provide cheap electricity for its tenants. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/plans-solar-powered-industrial-park-illuminated

Firmer prospects as rubber rebounds

Cambodia’s beleaguered rubber industry looks set for a turnaround as international rubber prices continue their strong rebound. Local traders and industry officials said yesterday they were optimistic that rubber prices, which doubled during the course of 2016, would continue to rise as the global economy ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/firmer-prospects-rubber-rebounds

Tensions between Chinese firm, ethnic villagers mount

Ethnic Kuoy villagers in Preah Vihear’s Chey Sen district filed a complaint against Chinese sugar company Rui Feng on Tuesday after a long-simmering land dispute almost erupted into violence last week. ...

Phak Seangly
http://www.phnompenhpost.com/national/tensions-between-chinese-firm-ethnic-villagers-mount

Tariff cuts slash $150M from revenue

Trade liberalisation under the ASEAN Free Trade Agreement (AFTA) cost Cambodia $150 million in lost tariff revenue last year, with the losses projected to climb further in the coming years as the Kingdom phases out tariffs on goods originating within the 10-member economic bloc, a ...

Hor Kimsay
http://www.phnompenhpost.com/business/tariff-cuts-slash-150m-revenue

New REDD+ framework announced

The Ministry of Environment signed a framework agreement yesterday with Conservation International and the Mitsui Banking Corporation to launch the planning phase of a new REDD+ project for the Prey Lang forest, officials confirmed.   ...

Cristina Maza
http://www.phnompenhpost.com/national/new-redd-framework-announced

Kampot pepper pact keeping prices stable

Kampot pepper prices are set to remain stable for another year as part of an agreement between local producers that caps prices through the end of 2017, a representative of the pepper association said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/kampot-pepper-pact-keeping-prices-stable

Decline in transfers linked to rice prices

International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/decline-transfers-linked-rice-prices

RDB receives four bids for $10B paddy silo project

Four companies have responded to a government tender for a project to develop a mammoth rice storage and processing facility in Battambang province, a bank executive said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/rdb-receives-four-bids-10b-paddy-silo-project

S’pore president to visit amid sand controversy

Officials were tight-lipped yesterday about whether huge discrepancies in sand exports to Singapore would be discussed during a visit by the city-state’s president to the Kingdom later this week, though a Ministry of Mines official said a new export process was in the works. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/spore-president-visit-amid-sand-controversy

Cambodia’s property market continues to trend upwards, evolve

2015 saw a spike in foreign direct investment (FDI), and the property sector was a big benefactor of these investments both in terms of headline investments in new development projects, and also from foreign individuals investing in one or numerous condos, SoHo units or strata ...

Post Staff
http://www.phnompenhpost.com/post-property/cambodias-property-market-continues-trend-upwards-evolve

Skilled workers and infrastructure needed

Cambodia needs about $12 billion over a 10-year period to invest in the development of a skilled workforce and improved infrastructure in order to meet the goals of its Industrial Development Policy (IDP), Commerce Minister Pan Sorasak said recently. ...

Post Staff
http://www.phnompenhpost.com/business/skilled-workers-and-infrastructure-needed

Cambodia joins int’l system for registry of industrial designs

Cambodia will join an international convention on the registration of industrial designs next month, furthering the scope of the county’s intellectual property protections, a government official said yesterday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/cambodia-joins-intl-system-registry-industrial-designs

Locals raising funds for wildlife watering holes

A Kampong Speu community is looking to raise money to build three watering holes for wildlife, especially the endangered banteng, for the upcoming hot season after a nearby sugarcane plantation allegedly filled in existing streams. ...

Phak Seangly
http://www.phnompenhpost.com/national/locals-raising-funds-wildlife-watering-holes

Families protest water restrictions in Poipet

Nearly 50 families from a village in Banteay Meanchey province’s Poipet town yesterday protested to demand that a private utilities company stop restricting water supply in their area because they didn’t have enough water to drink and irrigate their crops. ...

Sen David
http://www.phnompenhpost.com/national/families-protest-water-restrictions-poipet

Fresh sand controversy

Cambodia exported more than 108,000 tonnes of sand to India in 36 separate shipments between 2013 and 2015, according to Indian customs data obtained yesterday, contradicting Cambodian customs data that show no sand being sent there at all. ...

Alex Willemyns and Mech Dara
http://www.phnompenhpost.com/national/fresh-sand-controversy

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