The Phnom Penh Post

Business credit guarantee plan remains in place

The finance ministry has authorised the extension of the Credit Guarantee Corporation of Cambodia Plc’s (CGCC) $200 million Business Recovery Guarantee Scheme (BRGS) beyond December 31, 2022, until all funds have been utilised, according to the CGCC. ...

May Kunmakara
https://www.phnompenhpost.com/business/business-credit-guarantee-plan-remains-place

Big $0.3B tyre plant finished ‘by May’

Construction work on a massive tyre factory in Sihanoukville Special Economic Zone (SSEZ) is expected to be completed by May, according to Preah Sihanouk Provincial Administration spokesman Kheang Phearom on January 3. ...

May Kunmakara
https://www.phnompenhpost.com/business/big-03b-tyre-plant-finished-may

Kampong Speu set to announce ODF status ‘next month’

Kampong Speu province will announce formally in February that it has achieved Open Defecation Free (ODF) status, after evaluations were completed late last year. The announcement will make the province the fourth in Cambodia to reach the benchmark. ...

Long Kimmarita
https://www.phnompenhpost.com/national/kampong-speu-set-announce-odf-status-next-month

Demand for engineers, architects ‘outstripping’ supply

Industry analysts have highlighted a shortage of architects and engineers as a potential issue for the Kingdom’s construction sector, as the number of projects underway begins a steady return to pre-Covid-19 levels. ...

Sem Pisey
https://www.phnompenhpost.com/national/demand-engineers-architects-outstripping-supply

Hi-tech wastewater plants ‘improving’ S’ville environment

Since the 2021 opening of a second high-tech wastewater treatment plant in Sihanoukville, the environment of Preah Sihanouk province has steadily improved, with a reduction in pollution and an increase in maritime biodiversity, said the Ministry of Environment. ...

Sem Pisey
https://www.phnompenhpost.com/national/hi-tech-wastewater-plants-improving-sville-environment

Tourism industry expert urges creation of more attractions

Tourism industry experts are anticipating an increase in visitors to the Kingdom during this year’s high season and encouraging communities in lesser-known areas to think creatively and find new ways to draw tourists out from the usual destinations. ...

Van Socheata
https://www.phnompenhpost.com/business/tourism-industry-expert-urges-creation-more-attractions

GI status expected for 3 more products

The private sector expects that international demand for “Kampot-Kep salt”, “Kampot-Kep fish sauce” and “Takeo crayfish” will grow following their anticipated domestic registrations as geographical indications (GIs) this year. ...

Post staff
https://www.phnompenhpost.com/business/gi-status-expected-3-more-products

Record prahok increase result of fisheries crime suppression

The Ministry of Agriculture, Forestry and Fisheries said this season’s production of the pungent Cambodian fish paste prahok has increased by 40 per cent over last year, noting that the significant growth demonstrated the effectiveness of crackdown on fisheries crimes during the spawning season. ...

Lay Samean
https://www.phnompenhpost.com/national/record-prahok-increase-result-fisheries-crime-suppression

Over 60,000 expected at ‘Jan 7’ event

The ruling Cambodian People’s Party (CPP) will celebrate the 44th anniversary of the January 7 Victory over Genocide Day with tens of thousands of participants, under the presidency of Prime Minister Hun Sen. ...

Ry Sochan
https://www.phnompenhpost.com/national/over-60000-expected-jan-7-event

Fisheries crime down in 2022, say officials

In 2022, the Fisheries Administration (FiA) referred more than 120 cases to court and worked with authorities to crack down on nearly 3,000 cases of offenses across the country, issuing a total of over 310 million riel ($75,000) in fines. ...

Long Kimmarita
https://www.phnompenhpost.com/national/fisheries-crime-down-2022-say-officials

Authorities in dolphin areas swift to lend protective hand

Authorities in Kratie and Stung Treng provinces have pledged to step up law enforcement activities in the Mekong River dolphin protection and conservation areas. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/authorities-dolphin-areas-swift-lend-protective-hand

International brand plans local jewellery factory

A “well-known” but unnamed international brand has chosen Cambodia as the location to set up a new export-oriented jewellery factory, revealing plans to start investment operations in early 2024, the Council for the Development of Cambodia (CDC) reported. ...

Hin Pisei
https://www.phnompenhpost.com/business/international-brand-plans-local-jewellery-factory

NEC defines media’s role in 2023 general election

As the 2023 national election is approaching, the International Relations Institute at the Royal Academy of Cambodia (RAC) and the Club of Cambodian Journalists (CCJ) held a two-day training workshop to highlight the key role of the media in the poll. ...

Hong Raksmey
https://www.phnompenhpost.com/national/nec-defines-medias-role-2023-general-election

CMAA provides demining gear to army

The Cambodian Mine Action and Victim Assistance Authority (CMAA) donated mine detectors, personal protective equipment and specialised explosive disposal tools worth over $780,000 to the Army Engineering Command and the Bodyguard Unit. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/cmaa-provides-demining-gear-army

Construction work begins on Mekong River bridge in Kratie

Prime Minister Hun Sen and Chinese ambassador Wang Wentian on January 2 broke ground for the construction of a new bridge which will span the Mekong River in Kratie province. The bridge is expected to bring “rapid economic development” to the people of Cambodia’s northeastern ...

Neang Sokunthea
https://www.phnompenhpost.com/national/construction-work-begins-mekong-river-bridge-kratie

Prahok fish season bountiful

Minister of Agriculture, Forestry and Fisheries Dith Tina expressed his admiration for this year’s fishing season haul, which has seen fishermen catching up to three tonnes of fish in less than an hour, something he credits to the government’s efforts at preventing illegal fishing and ...

Orm Bunthoeurn and Lay Samean
https://www.phnompenhpost.com/business/prahok-fish-season-bountiful

No additional Covid rules for arrivals from China: PM

Cambodia will not follow in other countries’ footsteps in imposing any additional restrictions towards arrivals from mainland China, amid concerns that soaring Covid-19 cases there could drive the emergence of new and potentially more dangerous variants of the novel coronavirus, Prime Minister Hun Sen affirmed ...

Hin Pisei
https://www.phnompenhpost.com/business/no-additional-covid-rules-arrivals-china-pm

PM plans China visit to drum up investment

Prime Minister Hun Sen is scheduled to pay a state visit to China for talks on new infrastructure projects in Cambodia, including the Phnom Penh-Bavet Expressway. The visit will coincide with the 65th anniversary of the two nations’ bilateral relations. ...

Samban Chandara
https://www.phnompenhpost.com/national-politics/pm-plans-china-visit-drum-investment

Cambodia’s goods exports to US rise nearly a quarter on-year to $8.2B

Cambodia and the US traded goods worth $8.510 billion in the first 11 months of 2022, marking gains of 21.79 per cent on-year, with Cambodian exports to the world’s largest economy accounting for a 96.56 per cent share, according to the General Department of Customs ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodias-goods-exports-us-rise-nearly-quarter-year-82b

Int’l visitors top 1.9M in Jan-Nov, on track to hit full-year target

Cambodia welcomed more than 1.914 million international visitors in the first 11 months of 2022, up nearly 12-fold on-year, in an improvement largely attributed to effective pandemic management and the relatively early adoption of a “Living with Covid” approach. ...

Hin Pisei
https://www.phnompenhpost.com/business/intl-visitors-top-19m-jan-nov-track-hit-full-year-target

SME Bank loans top $432M, help at least 3,260 businesses

The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) has disbursed more than $432 million in loans to at least 3,260 SMEs, to keep them from going under during the height of the Covid-19 crisis, and subsequently to help them reopen and ...

May Kunmakara
https://www.phnompenhpost.com/business/sme-bank-loans-top-432m-help-least-3260-businesses

Cambodia may start building high speed rail as early as 2023

Construction on high-speed rails in the Kingdom could begin as soon as next year, with studies well underway on the conversion of existing railway and the creation of two new lines – one of which runs to the Vietnamese border – to optimally boost rail ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-may-start-building-high-speed-rail-early-2023

Ten new projects to create more than 8,000 jobs: CDC

The Council for the Development of Cambodia (CDC) notices issued month-to-date reveal that it has greenlit 10 new projects worth nearly $50 million, mostly involved in garments, footwear and packaging. ...

May Kunmakara
https://www.phnompenhpost.com/business/ten-new-projects-create-more-8000-jobs-cdc

Over 20,000 businesses featured on Single Portal

A total of 20,574 companies, with cumulative “registered share capital” of $5.77 billion, were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of December 26 at 2pm, the Online Business Registration Service (“OBRS”) reported. ...

Hin Pisei
https://www.phnompenhpost.com/business/over-20000-businesses-featured-single-portal

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