The Phnom Penh Post

Thai government proposals to pay above market prices to rice farmers could complicate Cambodia’s goal of becoming a major milled rice exporter, according to industry insiders. Pheu Thai party leader Yingluck Shinawatra has announced plans to buy rough rice for a guaranteed price of 15,000 ...

Vietnamese company FPT Telecom aims to extend operations to the Kingdom, after its attempted acquisition of Vietnam’s EVN Telecom fell through. FPT Telecom “has plans to expand business in Cambodia, but all is in discussion”, a spokesperson said late on Monday, declining to comment further. ...

A top executive from Cambodian company Vattanac yesterday denied the firm had damaged colonial-era buildings along the capital’s riverfront, as one local business owner sought a new home. Construction at a Vattanac building site – situated on Phnom Penh’s Sisowath Quay – has been at ...

Documents obtained by The Post have shed new light on the scale of Chinese investment connected with the controversial Boeung Kak lake real estate project. The US$98 million project in northern Phnom Penh is the smallest of Mongolia Erdos Hongjun Holding Group’s planned investments in ...

The Kingdom’s consumer price index tracked a 1.4 percent increase in May over April, according to National Institute of Statistics’ latest figures. Prices at the end of May were 6.5 percent higher than the same date the year previous, the figures show. Experts said Cambodia’s ...

Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising ...

Cambodian exporters ought to make further use of tariff-free entry to the European Union, particularly given loosened regulations governing rule of origin, EU officials said at a trade seminar yesterday. Least Developed Countries such as the Kingdom could export to the EU duty and quota ...

THE supply of pharmaceutical products has outstripped demand, causing a decrease in the value of drug imports during the first half of 2011, experts say. An increase in the number of firms importing pharmaceutical products in 2010 led to this year’s drop, Medical Trust Company ...

ABA Bank has been awarded “Cambodia Retail Bank of the Year” award by this year’s Asia Banking & Finance Retail Banking Awards. With 150 bankers from across Asia on hand to congratulate the winners in Singapore, ABA Bank Deputy Chief Executive Officer Askhat Azhikhanov said ...

Cambodia’s central bank is looking to tighten monetary policy to slow an inflation rate that could hit 8 to 9 percent this year, National Bank of Cambodia Director General and Spokeswoman Nguon Sokha said yesterday. Increases in commodity prices and petroleum has led to rising prices ...

More than 600 chickens in two villages in Banteay Meanchey province have been culled following the death of a girl from bird flu three weeks ago. The four-year-old died on July 20, only 10 days after showing symptoms of the disease, according to a joint ...

Carlsberg has said it is investigating a strike by Angkor beer promoters, who yesterday vowed to continue in their bid for fair treatment.  More than 30 beer promoters have been striking since last Monday, accusing Angkor brewer Cambrew of refusing to pay overtime despite a ...

Thousands of workers who were sacked after part of the June Textile garment factory burned down in March are finally receiving severance payments and other awards following a ruling from the Arbitration Council. Taing Kisay, an administration assistant at the factory, said yesterday that more ...

Cambodia and Vietnam have agreed to increase the number of vehicles permitted to travel through the Trapeang Sre border gate in Kratie province, aiming to boost cross-border commerce and tourism. The agreement allows 300 vehicles from each country to register to pass freely through the ...

The Kingdom’s growing agricultural sector is leading to more loans and deposits at microfinance institutions. The small-scale lenders also credit the boost in Cambodia’s agro-industry for declining non-performing loans rates. The MFI’s lending totalled $51 million to 4,900 borrowers at the end of June, whiles ...

Cambodia must further integrate with its East Asian neighbours for future economic development, said Minister of Economy and Finance Keat Chhon. The financial crisis highlighted the need to diversify production, and Asia’s markets are ripe for increased Cambodian exports, he said. Speaking at the 7th ...

SMART Mobile yesterday announced the official launch of its 3.75G data service, a key part of the company’s strategy to capture Cambodia’s burgeoning mobile internet market. The firm estimated its 3.75G would allow for data download speeds of up to 21 megabits per second and ...

Police have told beer promoters protesting outside Cambrew Ltd. offices in Phnom Penh to quiet down as their strike goes into the third day. The strikers who promote Angkor Beer are asking that the brewery honor a decision by the Arbitration Council to award them ...

Three villagers who were part of a protest over a land dispute with the Meng Keth Company have been summoned to court for questioning over alleged violence during the protest. The land dispute is over 65 contested hectares of land that was granted to the ...

Mong Reththy, former advisor to Prime Minister Hun Sen has said that investors should use local residents on their land concessions rather than evicting them and hiring outsiders. According to a US diplomatic cable released by WikiLeaks Mr. Reththy is “Hun Sen’s Money Man” and ...

Work supposedly began again at a construction site along Sisowath Quay after authorities had put a stop to it the day before due to damage being caused to surrounding buildings. 11 families have been evacuated as a result and local business have had their properties ...

Vietnam businesses are looking to invest in Cambodia but are faced with a shortage of skilled labor and high transportation costs. The Oversea Entrepreneur Forum in Phnom Penh saw over 100 firms meet to discuss potential partnerships.  It has also been said that further cooperation ...

The last of the Chi Kraeng villagers has been freed by the Appeal Court after it upheld their acquittal. The villagers had originally been convicted of forcibly detaining two businessmen over a land dispute involving 475 hectares of rice paddies in Siem Reap in 2009. ...

North Korea officials have arrived in Cambodia with the intent of establishing a trade relationship, particularly with regards to agriculture. Foreign Affairs Minister Hor Namhong met with Deputy Trade Minister Ri Myong San from the Democratic People’s Republic of Korea (DPRK). Opinions have been mixed ...