The Phnom Penh Post

Kingdom due to host Asia-Pacific financial development forum

Cambodia is set to host the 47th Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Annual Meetings from May 14-16, 2024. Centred on regional financial development, the meetings are expected to bring together delegates from some 40 countries to share their knowledge ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-due-host-asia-pacific-financial-development-forum

Reduce road accidents by further 50%, minister says

Minister of Interior Sar Kheng urged citizens to adhere to the traffic laws and the authorities to continue enforcing them, noting that despite a 26 per cent decrease in the road toll in the first four months of this year, road users still need to ...

Bor Pich Zelin
https://www.phnompenhpost.com/national/reduce-road-accidents-further-50-minister-says

Candlelight officially out of election

The Candlelight Party (CP) is officially out of contention for the upcoming July 23 national election after the Constitutional Council of Cambodia (CCC) upheld the earlier decision by the National Election Committee (NEC) to decline their registration. ...

Neang Sokunthea
https://phnompenhpost.com/national-politics/candlelight-officially-out-election

Tractor hits anti-tank mine, Preah Vihear’s sixth death this year

A landmine killed a man on May 22 while he was operating a power tiller to plough a rice field in Sro Em commune’s Stung Khieu Techo village of Preah Vihear province’s Choam Ksan district. ...

Kim Sarom
https://www.phnompenhpost.com/national/tractor-hits-anti-tank-mine-preah-vihears-sixth-death-year

Increased royal turtle hatchlings a promising sign: conservationists

A total of 122 royal turtles hatched from nests on an artificial sandbank at the Koh Kong Reptile Conservation Centre (KKRCC) last week, the third time this has occurred. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/increased-royal-turtle-hatchlings-promising-sign-conservationists

‘Extremist’ groups seeking to sow chaos, Sar Kheng warns

Minister of Interior Sar Kheng appeals to all sides to continue to protect the Kingdom’s hard-won peace, claiming that “extremist” opposition groups are still attempting to sow chaos in society as a means of overthrowing the government. ...

Sok Raksa
https://www.phnompenhpost.com/national/extremist-groups-seeking-sow-chaos-sar-kheng-warns

IBIS organic rice project expanding

Keo Socheat, executive director of the Sansom Mlup Prey Organisation (SMP), said that more than 2,000 farming households are now planting organic paddy rice through the IBIS project. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/ibis-organic-rice-project-expanding

New AEO trade initiative set to draw more players to Cambodia

Cambodia’s new AEO (authorised economic operator) programme – and implementation thereof by Customs (GDCE) – will make life more convenient for investors and support initiatives to attract additional players to the Cambodian market, observers have claimed. ...

Hin Pisei
https://www.phnompenhpost.com/business/new-aeo-trade-initiative-set-draw-more-players-cambodia

CSX-listed state firms post dull results for start of 2023

Two local public-listed state-owned enterprises (SOE) have posted financial results for either the first three or four months of the year, which fell somewhat short of expectations, as local, regional and global economies continue to feel the shockwaves of the Russo-Ukrainian conflict. ...

May Kunmakara
https://www.phnompenhpost.com/business/csx-listed-state-firms-post-dull-results-start-2023

Royal turtles on verge of comeback: Official

Ministry of Environment spokesman Neth Pheaktra called on fishermen to help conserve the endangered royal turtle (batagur affinis). The species, also known as the Southern river terrapin, are on the verge of extinction in Cambodia, but a successful breeding programme is offering some hope. ...

Samban Chandara
https://www.phnompenhpost.com/national/royal-turtles-verge-comeback-official

Claims over CP election exclusion dismissed

The Ministry of Foreign Affairs and International Cooperation has dismissed remarks by critics regarding the National Election Committee’s (NEC) decision to disqualify the Candlelight Party (CP) from the July 23 general election. The ministry described comments by “a handful of critics” as “misleading and politically ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national-politics/claims-over-cp-election-exclusion-dismissed

Koh Kong int’l airport not set for trial flights: governor

Koh Kong provincial governor Mithona Phouthong has warned that proposed flight trials at the province’s Dara Sakor International Airport could possibly be postponed as the developers need more time to complete construction and address some remaining shortcomings. ...

Van Socheata
https://www.phnompenhpost.com/business/koh-kong-intl-airport-not-set-trial-flights-governor

Cambodia rolls out UN-linked five-year green economy plan

The environment ministry on May 12 formally rolled out the five-year Partnership for Action on Green Economy (PAGE) Cambodia, in an affirmation of the Kingdom’s commitment towards sustainability and inclusivity in economic growth. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-rolls-out-un-linked-five-year-green-economy-plan

Some 100 rare fish released into Mekong

The Wonders of the Mekong project and the National Fisheries Administration – in collaboration with the Fisheries Administration in Stung Treng province – released 100 endangered fish into the Mekong River on May 16, said a Fisheries Administration official. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/some-100-rare-fish-released-mekong

175 tenants employ ‘30,000’ at S’ville SEZ

The Sihanoukville Special Economic Zone (SSEZ), the Kingdom’s largest industrial park in terms of size and occupancy, now houses 175 tenants, which employ about 30,000 people, according to local reports. Notable nationalities of enterprise owners include China and the US, as well as those from ...

ហ៊ិន ពិសី
https://www.postkhmer.com/business/2023-05-15-0647-250046.html

Int’l trade slips but deficit dips 72%

Cambodia’s international trade volume reached $15.611 billion in the first four months of 2023, down 14.10 per cent year-on-year from $17.650 billion, while the trade deficit for the period narrowed by nearly three-quarters on an annual basis, according to provisional figures from the General Department ...

Hin Pisei
https://www.phnompenhpost.com/business/intl-trade-slips-deficit-dips-72

Cambodia rolls out UN-linked five-year green economy plan

The environment ministry on May 12 formally rolled out the five-year Partnership for Action on Green Economy (PAGE) Cambodia, in an affirmation of the Kingdom’s commitment towards sustainability and inclusivity in economic growth. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-rolls-out-un-linked-five-year-green-economy-plan

New tourism-recovery loans slowing: SME Bank

A total of $53.46 million in loans have been disbursed to 346 tourism-linked businesses through state-owned Small and Medium Enterprise Bank of Cambodia Plc’s (SME Bank) $150 million Tourism Recovery Co-Financing Scheme (TRCS) as of April 30, since the loans began to be offered in ...

May Kunmakara
https://www.phnompenhpost.com/business/new-tourism-recovery-loans-slowing-sme-bank

GDT brings in $20.9M of e-commerce VAT over Q1

The General Department of Taxation (GDT) announced that it collected 84.67 billion riel, or $20.91 million, in value-added tax (VAT) from e-commerce in the first quarter of the year, which is seen as a reflection of the boom in online transactions witnessed since the advent ...

May Kunmakara
https://www.phnompenhpost.com/business/gdt-brings-209m-e-commerce-vat-over-q1

Koh Kong’s first int’l seaport set for launch

Koh Kong province’s first international seaport, invested in and developed by Koh Kong Port Management Co Ltd, is scheduled to launch in the second half of the year, as a number of linked infrastructure works reach completion, according to provincial governor Mithona Phoutong. ...

Hin Pisei
https://www.phnompenhpost.com/business/koh-kongs-first-intl-seaport-set-launch

GDT, banks vow to step up tax payment efficiency

The finance ministry has to-date signed memorandums of understanding (MoU) with 10 banks to process tax-related payments to the General Department of Taxation (GDT), one of its subordinate units. ...

Van Socheata
https://www.phnompenhpost.com/business/gdt-banks-vow-step-tax-payment-efficiency

Construction contract inked for $1.5B Kampot port

Kampot Logistics and Port Co Ltd (KLP) on May 5 signed a construction contract with Chinese state-backed China Harbour Engineering Co Ltd (CHEC) for a $1.5 billion multi-purpose port in Kampot province’s Bokor town. ...

Post Staffs
https://www.phnompenhpost.com/national/construction-contract-inked-15b-kampot-port

Q1 cassava exports top a million tonnes

Cambodia exported nearly 1.031 million tonnes of cassava in either fresh, dried, powder or pulp/residue form in the first three months of 2023, of which nearly three-quarters went to Thailand, according to agriculture ministry data, as local reports suggest that prices for the tubers in ...

Hin Pisei
https://www.phnompenhpost.com/business/q1-cassava-exports-top-million-tonnes

Commercial court one step closer, official says

The Ministry of Justice and the Asian Development Bank (ADB) have advanced discussions to establish a commercial court, a first for the Kingdom. The ADB will provide technical assistance, said a senior ministry official. Ministry secretary of state Chiv Songhak chaired a meeting last week ...

Post Staffs
https://www.phnompenhpost.com/national/commercial-court-one-step-closer-official-says

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