The Phnom Penh Post

Kingdom may exit LDC ‘by 2028’ on RCEP

The Regional Comprehensive Economic Partnership (RCEP) agreement could provide a “vital impetus” to drive the Cambodian economy to exit Least Developed Country (LDC) status by 2028, according to the commerce minister on March 14. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-may-exit-ldc-2028-rcep

GDT collects over half a billion dollars in tax revenue from Jan-Feb

The General Department of Taxation (GDT) collected 2.07466 trillion riel, or $512.26 million, in taxes in the first two months of 2022, surging by 22.69 per cent over the same period last year, according to its director-general Kong Vibol on March 14. ...

Hom Phanet
https://www.phnompenhpost.com/business/gdt-collects-over-half-billion-dollars-tax-revenue-jan-feb

CDC okays $2.38B of projects in Jan-Feb

The Council for the Development of Cambodia (CDC) has in the first two months of this year announced its approval of final registration certificates for 37 investment projects worth about $2.38 billion, an indication of significant progress in economic recovery as Covid-19 wanes. ...

Hom Phanet
https://www.phnompenhpost.com/business/cdc-okays-238b-projects-jan-feb

Singapore minister reiterates bilateral trade commitment

Singaporean Minister of Commerce and Industry Gan Kim Yong has reiterated the city-state’s commitment to strengthening bilateral trade cooperation with Cambodia, as he pledged full support in helping the Kingdom succeed during its chairmanship of ASEAN, according to the Cambodian commerce ministry on March 14. ...

Hin Pisei
https://www.phnompenhpost.com/business/singapore-minister-reiterates-bilateral-trade-commitment

Green Prey Lang honey producers clinch awards

The US Agency for International Development (USAID) Green Prey Lang project provided support to the Non-Timber Forest Products-Exchange Programme Cambodia to enable the NGO to provide certificates and financial awards to three community based-enterprises in Stung Treng, Kratie and Preah Vihear provinces. ...

Post Staff
https://www.phnompenhpost.com/national/green-prey-lang-honey-producers-clinch-awards

NGO funds new programmes for forest communities

In late February, Naturelife Cambodia provided micro-funding to four communities in the Lumphat Wildlife Sanctuary in support of the effective management of natural resources and to promote community participation in the protection of the sanctuary. ...

Voun Dara
https://www.phnompenhpost.com/national/ngo-funds-new-programmes-forest-communities

Preah Sihanouk squatting instigators face court

Preah Sihanouk provincial authorities are building a case to send a group of 10 suspects to court for allegedly instigating around 300 people to encroach on state land in the Southern Cardamom National Park in Cham Srey village of Kampong Seila district and commune.​ ...

Voun Dara
https://www.phnompenhpost.com/national/preah-sihanouk-squatting-instigators-face-court

Growing trade in foraged medicinal plants

The Covid-19 pandemic has forced villagers in Prey Moul commune’s Khleng Por village of Kampong Chhnang province’s Rolea Ba’ier district to flock to the forests and valleys in the province to find medicinal plants to sell via brokers to people who need them for traditional ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national-post-depth/growing-trade-foraged-medicinal-plants

Mekong River data sharing key to impact measurement

Minister of Water Resources and Meteorology Lim Kean Hor has requested that Mekong River water data be shared to accurately measure the impact of the river’s flow on the social and economic wellbeing of the region. ...

Ry Sochan
https://www.phnompenhpost.com/national/mekong-river-data-sharing-key-impact-measurement

Kingdom’s efforts to prevent money laundering stepped up for ‘grey list’ exit

The National Committee to Combat Money Laundering and the Financing of Terrorism and Proliferation of Weapons of Mass Destruction has instructed all units acting as judicial authorities to set up standard operating procedures and cooperate with relevant institutions in their investigations. ...

Voun Dara
https://www.phnompenhpost.com/national/kingdoms-efforts-prevent-money-laundering-stepped-grey-list-exit

Eight NagaWorld protesters free on bail

Eight of the 11 union leaders and members who were formerly employed at the NagaWorld integrated resort and were arrested for organising protests over their layoffs were released on bail by the Phnom Penh Municipal Court on March 14. ...

Lay Samean
https://www.phnompenhpost.com/national/eight-nagaworld-protesters-free-bail

Over 7K households in seven provinces receive relief rice

The Ministry of Agriculture, Forestry and Fisheries has distributed a total of 3,000 tonnes of emergency reserve rice to help more than 7,000 households in provinces hit hard by the Covid-19 pandemic. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/over-7k-households-seven-provinces-receive-relief-rice

Preah Sihanouk lifeguard towers set in motion

Twelve beach side lifeguard towers were inaugurated at Sihanoukville’s Ochheuteal Beach 2 on March 14 to make it easier to supervise tourists visiting the beach or bathing in the sea, bringing the total to 16. ...

Mom Kunthear
https://www.phnompenhpost.com/national/preah-sihanouk-lifeguard-towers-set-motion

New advertising law banning ‘fraudulent’ practices in the works

Officials from multiple institutions on March 14 met to finalise the draft sub-decree on the management of advertisements on products and services intended to control those that are fraudulent or misleading for consumers. ...

Long Kimmarita
https://www.phnompenhpost.com/national/new-advertising-law-banning-fraudulent-practices-works

Talks encourage increased EV use

The Ministry of Public Works and Transport has held a series of discussions with electricity providers and sustainability organisations to support the development of policies that will encourage mass use of electric vehicles (EV) in Cambodia.   ...

Nov Sivutha
https://www.phnompenhpost.com/business/talks-encourage-increased-ev-use

Anti-money laundering laws relayed in campaign

An awareness campaign communicating the details of two new anti-money laundering laws launched by several ministries has been underway ahead of Cambodia’s Financial Action Task Force (FATF) evaluation, in which the Kingdom is expected to be removed from the organisation’s money laundering “grey list”.   ...

Mom Kunthear
https://www.phnompenhpost.com/national/anti-money-laundering-laws-relayed-campaign

Cambodia, EU renew trade, investment vows

Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-eu-renew-trade-investment-vows

Official refutes press freedom report

A senior Ministry of Information official refuted a report released by the Cambodian Centre for Independent Media (CCIM) which claimed that press freedom in Cambodia in 2021 was worse than in 2020.   ...

Voun Dara
https://www.phnompenhpost.com/national-politics/official-refutes-press-freedom-report

Siem Reap bird flu case ‘isolated’

Specialists from the Ministry of Health have collected samples from the area where a child contracted the influenza A/H9 “bird flu” for further testing while advising individuals to avoid all non-essential contact with poultry.   ...

Lay Samean
https://www.phnompenhpost.com/national/siem-reap-bird-flu-case-isolated

World Bank approves funds for healthcare project

The World Bank has approved $113 million in new financing to improve access to quality healthcare in Cambodia focusing on poor and vulnerable people and supporting effective responses to health crises.   ...

Long Kimmarita
https://www.phnompenhpost.com/national/world-bank-approves-funds-healthcare-project

TSA conducting inventory of fishing gear in Tonle Sap Lake

Teams from the Tonle Sap Authority (TSA)’s Department of Supervision, Trade and Conservation are making an inventory of the fishing gear in the Tonle Sap Lake area to document what equipment is available. ...

Long Kimmarita
https://www.phnompenhpost.com/national/tsa-conducting-inventory-fishing-gear-tonle-sap-lake

ARDB approves $30M in rice industry loans

The Agricultural and Rural Development Bank of Cambodia (ARDB) has approved $30 million in loans to the rice industry for the construction of warehouses and drying silos in four provinces, as it revealed plans to set up mobile offices in five more sites to reach ...

Hom Phanet
https://www.phnompenhpost.com/business/ardb-approves-30m-rice-industry-loans

Cambodia, Oz to bolster trade, investment

Cambodia and Australia have reaffirmed their commitment to further boosting trade, investment and cooperation, especially on post-Covid recovery initiatives in all areas, according to the Ministry of Commerce on March 11. ...

Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-bolster-trade-investment

Cambodia, EU renew trade, investment vows

Cambodia and the EU have renewed their pledge to enhance bilateral trade and investment ties in spite of the lingering economic fallout from the Covid-19 pandemic. ...

May Kunmakara
https://www.phnompenhpost.com/business/cambodia-eu-renew-trade-investment-vows

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