The Phnom Penh Post

‘Angkor Malis’ brand name yet to satisfy

With the Cambodian Rice Federation (CRF) ready to adopt “Angkor Malis” in June as the official brand name for the Kingdom’s premium varieties of jasmine rice, exporters said that inconsistent English to Khmer translations need to be corrected. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/angkor-malis-brand-name-yet-satisfy

Gov’t calls for microfinance NGOs to register with NBC

A government official lambasted the slow application rate for non-governmental organizations (NGOs) that operate as microfinance lenders, urging them to register with the National Bank of Cambodia (NBC). ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/govt-calls-microfinance-ngos-register-nbc

Calls to validate LGBT rights

Gay and transgender people yesterday called on the government to legalise same-sex marriage and change identity cards to reflect a person’s true gender during an event to mark International Day against Homophobia and Transphobia. ...

Pech Sotheary
http://www.phnompenhpost.com/national/calls-validate-lgbt-rights

Government expands sanctuary in Prey Lang, adds Preah Vihear

The government has reversed course on a controversial decision to downsize the proposed boundaries of a long-awaited protected area for the beleaguered Prey Lang Forest, the largest lowland evergreen forest left in Southeast Asia.   ...

Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/govt-expands-sanctuary-in-prey-lang-adds-preah-vihear-112723/

Australian firms in JV for exploratory drilling

Renaissance Minerals and Emerald Resources finalised a joint venture agreement and commenced exploratory drilling near the Okvau gold deposit in Mondulkiri province. ...

Post Staff
http://www.phnompenhpost.com/business/australian-firms-jv-exploratory-drilling

Meeting touts new approach to rehab

Officials from provinces across the country gathered in Banteay Meanchey yesterday and the day before to learn about alternative community-based drug rehabilitation services and vocational training, anti-drug officials said.   ...

Kong Meta
http://www.phnompenhpost.com/national/meeting-touts-new-approach-rehab

Deadline for right-hand drives delayed

As yet another deadline passed, right-hand drive vehicle owners will now have until June 12 to register their vehicles with the Ministry of Transport and Public Works or run the risk of being on the wrong side of the law, according to a ministry statement ...

Pav Suy
http://www.khmertimeskh.com/news/25023/deadline-for-right-hand-drives-delayed/

Drought weighs on fishery production target

While Cambodia’s Ministry of Agriculture, Forestry and Fisheries aims to increase fish production by 1.3 per cent this year, members of fishery organisations believe that is an unlikely target as drought conditions have tapped out natural resources. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/drought-weighs-fishery-production-target

Rice sector predicts a worrying trend

Although data for first four months of this year have shown a slight rise in rice exports, millers and exporters continue to raise concerns on the back of April’s rapid decline. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-sector-predicts-worrying-trend

Emerald back on ASX after turning to gold

Emerald Resources NL, an Australian mining firm with interests in Cambodia, will relist on the Australian Securities Exchange (ASX) on Tuesday following the company’s compliance with chapters 1 and 2 of the exchange’s listing rules and rule 11.1.3, the company said in a filing yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/emerald-back-asx-after-turning-gold

Group Lease sees spike in Cambodian income

Thai financing firm Group Lease Plc posted a record-high 222.17 million baht ($6.3 million) net profit from its operations in the first quarter of the year, a 101.5 per cent increase from the same period a year earlier, driven by improvements in its Thai operations ...

Post Staff
http://www.phnompenhpost.com/business/group-lease-sees-spike-cambodian-income

Commuter rail link from city to airport considered

Royal Railways, the company that holds a 30-year concession to operate the Kingdom’s railway network, is conducting a feasibility study on establishing a commuter rail service to run between the capital’s airport and its central district, the company’s chief executive said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/commuter-rail-link-city-airport-considered

Thai timber found with Khmer script

More than 100 pieces of luxury rosewood bearing Cambodian names and a phone number were found by Thai police and forest conservation officers in a national park in Thailand’s Sa Kaeo province on Tuesday.   ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/thai-timber-found-khmer-script

Ministry sees export market growing

Cambodia’s total agricultural production was down slightly last year while a larger share of this production went to exports, the Ministry of Agriculture said in its annual report, released yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/ministry-sees-export-market-growing

Nearly half of 2016 tax target already collected

In the first four months of the year, the government collected nearly half of its tax revenue target for all of 2016, local media reported yesterday, citing Kong Vibol, director of the General Department of Taxation (GDT).   ...

Post Staff
http://www.phnompenhpost.com/business/nearly-half-2016-tax-target-already-collected

MEF and USAID launch transparency initiative

USAID and the US Treasury Office of Technical Assistance (OTA) have launched a joint initiative with the Ministry of Economy and Finance (MEF) to improve fiscal transparency and accountability in the management of public finances, according to a press release issued yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/mef-and-usaid-launch-transparency-initiative

Vathana ‘partner’ no fan of prime minister

A notorious fraudster with whom Justice Minister Ang Vong Vathana allegedly had a business relationship has turned out to be a violent critic of Prime Minister Hun Sen.     ...

Jack Davies
http://www.phnompenhpost.com/national/vathana-partner-no-fan-prime-minister

Firm poised to be first licensed derivatives broker

Six months since Cambodia’s market regulator officially launched derivatives trading in Cambodia, Phnom Penh Securities Plc is poised to become the first local securities firm to legally trade the complex and little-understood financial instrument. ...

Kali Kotoski
http://www.phnompenhpost.com/business/firm-poised-be-first-licensed-derivatives-broker

Canberra embassy probed for 'duty-free abuse': report

Cambodia’s ambassador to Australia yesterday swiftly denied allegations of corruption amid reports the embassy is under investigation for links to an alleged alcohol and tobacco black market that took in roughly $200,000.   ...

Erin Handley
http://www.phnompenhpost.com/national/canberra-embassy-probed-duty-free-abuse-report

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