The Phnom Penh Post

Domestic tourists push up Siem Reap visitor count

Tourist visits to Siem Reap province increased slightly during the first half of the year as foreign tourists lined up to see the country’s pre-eminent tourism attraction, Angkor Wat, and Cambodians from across the country flocked to the province for a major national festival in ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/domestic-tourists-push-siem-reap-visitor-count

Indonesia, Cambodia discuss defence cooperation

Indonesia is willing to offer Cambodia’s navy ships at a discount and would like the Kingdom to be involved in joint patrols in the region, Indonesia’s Defence Minister Ryamizard Ryacudu yesterday told the Post, amid his meetings with government leaders. ...

Shaun Turton and Vong Sokheng
http://www.phnompenhpost.com/national/indonesia-cambodia-discuss-defence-cooperation

Disabled deserve jobs: gov’t

The Ministry of Social Affairs yesterday once again called on the Kingdom’s employers to hire the disabled, something mandated in a widely ignored 2010 sub-decree. ...

Sen David and Cristina Maza
http://www.phnompenhpost.com/national/disabled-deserve-jobs-govt

Regulators keeping a close eye on derivatives market

Cambodia’s capital market regulator held a forum yesterday on regulations and safeguards for the derivatives market, laying out the inherent risk and reward of the poorly understood financial instrument that has until recently operated with no oversight. ...

Kali Kotoski
http://www.phnompenhpost.com/business/regulators-keeping-close-eye-derivatives-market

Review finds economy resilient to challenges

The National Bank of Cambodia released its annual report yesterday, citing strong growth in 2015 despite challenging economic circumstances caused by a Chinese economic slowdown, increased regional competitiveness and the appreciation of the US dollar. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/review-finds-economy-resilient-challenges

Villagers, police face off in Phnom Penh over Koh Kong sugar petition

Meanchey district police and security guards yesterday clashed with about 70 Koh Kong province villagers at the capital’s Samaki Rainsy pagoda, shoving and pushing them as they tried to make their way to the Ministry of Land Management. ...

Touch Sokha
http://www.phnompenhpost.com/national/villagers-police-face-phnom-penh-over-koh-kong-sugar-petition

Cambodia stuck on money laundering blacklist

Cambodia has been listed as the highest-risk nation in ASEAN, and ranks sixth globally, for its susceptibility to money laundering and terrorism financing in a recently released global index that charts the vulnerability of 149 nations. ...

Kali Kotoski
http://www.phnompenhpost.com/business/cambodia-stuck-money-laundering-blacklist

Siemens urges gov’t to boost power grid

Cambodia needs to focus on solidifying its national grid and shoring up its energy efficiency and transmission lines before expanding into more costly renewable technology, a visiting executive of German engineering giant Siemens said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/siemens-urges-govt-boost-power-grid

Microsoft translation project to tackle business jargon

American software giant Microsoft announced yesterday that it would jointly implement a project with Cambodia’s Ministry of Commerce to create a translation program to simplify complex English and Khmer business terminology in order to help businesses better understand commonly used jargon. ...

Hor Kimsay
http://www.phnompenhpost.com/business/microsoft-translation-project-tackle-business-jargon

Overloaded truck figures dip: ministry

The Ministry of Public Works and Transportation yesterday announced that 75 fewer drivers had been fined for overloaded trucks last month compared to June, attributing the decline to recent crackdowns. ...

Lay Samean
http://www.phnompenhpost.com/national/overloaded-truck-figures-dip-ministry

Acleda Bank net profit, assets grow in 1H16

Acleda Bank, Cambodia’s largest financial institution, experienced sturdy year-on-year growth during the first half of the year, according to figures from its latest audited financial statement. ...

Post Staff
http://www.phnompenhpost.com/business/acleda-bank-net-profit-assets-grow-1h16

Woman back home after forced marriage in Malaysia

A woman who worked as a maid in Malaysia was repatriated to Cambodia late last week after years of abuse at the hands of her employers, including a forced marriage. ...

Sen David and Erin Handley
http://www.phnompenhpost.com/national/woman-back-home-after-forced-marriage-malaysia

Drop in US exports seen as a wake-up call

The industry body for the nation’s garment and footwear manufacturers said new trade data showing a decline in Cambodian exports to the US during the first half of the year was a sign that the Kingdom was losing its competitive advantage, threatening the future of ...

Kali Kotoski
http://www.phnompenhpost.com/business/drop-us-exports-seen-wake-call

Poor local showing at Phnom Penh’s agro fair

Cambodia’s biggest agriculture industry event of the year received a cool response on its first day as turnout from local agro-businesses was low and overseas suppliers struggled to find potential buyers for the latest agricultural products. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/poor-local-showing-phnom-penhs-agro-fair

Load of wildlife busted in Mondulkiri

Rangers from the Sre Pok Wildlife Sanctuary in Mondulkiri province intercepted two men and a minor allegedly smuggling more than 50 wild animals on Saturday evening, according to the World Wide Fund for Nature (WWF) and Koh Nhek district police. ...

Cristina Maza and Bun Sengkong
http://www.phnompenhpost.com/national/load-wildlife-busted-mondulkiri

Soldier’s home hiding luxury wood: officials

Some 100 pieces of luxury wood believed to be from the Keo Seima Wildlife Sanctuary area were seized at the house of a military officer near the Vietnamese border on Friday, officials said yesterday. ...

Phak Seangly
http://www.phnompenhpost.com/national/soldiers-home-hiding-luxury-wood-officials

Monster sugar mill eats through sugarcane supply

Just three months since starting production, Cambodia’s largest sugar mill is sitting idle due to a shortage of its primary input sugarcane, a provincial Agriculture Ministry official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/monster-sugar-mill-eats-through-sugarcane-supply

Unions tout ‘living wage’ ahead of minimum wage talks

Unions meeting on Friday arrived at an estimated cost-of-living salary for garment workers ahead of minimum wage talks, one remarkably similar to the monthly wage they’ve demanded two years running, though suggested the final number they push for will be higher. ...

Sen David and Erin Handley
http://www.phnompenhpost.com/national/unions-tout-living-wage-ahead-minimum-wage-talks

SEZs hold key to economic corridor growth

Industrial parks that offer special privileges to companies that operate inside them play a dominant role in attracting investment in the region, but countries must focus more on building up their infrastructure and human resources to take advantage of increased connectivity, development experts said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/sezs-hold-key-economic-corridor-growth

New ISP aims to compete on quality, not low pricing

Cambodia’s newest internet service provider (ISP), Today Communication, will join a busy market when it begins offering its services in Phnom Penh on Saturday. However, the company hopes that its focus on providing quality service, especially to businesses, will distinguish it from more than 30 ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-isp-aims-compete-quality-not-low-pricing

Firms flimsy on corporate governance

Cambodia has an opportunity to improve its corporate governance, addressing issues in this field that are increasingly important to international companies considering investment, an official from the International Finance Corporation (IFC) has said. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/firms-flimsy-corporate-governance

Derivatives licences handed out

Cambodia’s capital market regulator officially granted its first round of derivatives trading licences this week, nearly 10 months after it vowed to formally regulate the inherently risky financial instrument and provide investors with more options to earn profits.   ...

Kali Kotoski
http://www.phnompenhpost.com/business/derivatives-licences-handed-out

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