News

Illicit trade costs millions

The US-based nonprofit Global Financial Integrity (GFI) measured illicit financial flows – the illegal movement of money or capital from one country to another – and found that as much as $45 billion in trade activity in Cambodia over the period was not accounted for. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/illicit-trade-costs-millions

Rice millers balk at export fees

Numerous members of the Cambodia Rice Federation (CRF), the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-millers-balk-export-fees

Ministry intervenes to halt pork price crash

The Agriculture Ministry has confirmed action to combat a drastic drop in pork prices over the past year due to illegal imports of live pigs from neighboring countries. ...

Sok Chan
http://www.khmertimeskh.com/news/37888/ministry-intervenes-to-halt-pork-price-crash/

Millers shun rice crisis loan fund

Rice millers have taken up less than a quarter of a $27 million emergency loan fund to stabilise prices of the grain, blaming late disbursement for the poor take up. ...

Sum Manet
http://www.khmertimeskh.com/news/37927/millers-shun-rice-crisis-loan-fund/

Deaths from lightning triple compared to ’16

Lighting deaths nearly tripled in Cambodia during the first quarter of 2017, compared to the same period in 2016, an official at the National Committee for Disaster Management said yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/deaths-lightning-triple-compared-16

Trader sought truck with illegal wood impounded

More than a tonne of rosewood and the plateless car carrying it were seized in Oddar Meanchey province yesterday after authorities received a report about a Vietnamese woman and her workers trying to set the vehicle on fire. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/trader-sought-truck-illegal-wood-impounded

Labour minister praises robust garment sector growth

Cambodia’s minister of labour applauded the strong growth and employment levels for the garment and footwear sector yesterday, though industry representatives noted a slight slowdown due to increased competition from regional players. ...

Hor Kimsay
http://www.phnompenhpost.com/business/labour-minister-praises-robust-garment-sector-growth

Illegal logs set ablaze in wildlife sanctuary

Environment Ministry officials in Ratanakkiri province are hunting for timber traders who on Sunday set ablaze 300 logs of luxury wood in Lumphat Wildlife Sanctuary, one of several protected areas raided by Vietnamese loggers in recent months. ...

Phak Seangly
http://www.phnompenhpost.com/national/illegal-logs-set-ablaze-wildlife-sanctuary

Emerald’s gold prospects improve

The Australian-listed mining firm behind Cambodia’s Okvau gold project in Mondulkiri province released its definitive feasibility study (DFS) yesterday, confirming its predictions of 1.14 million ounces in gold reserves while reducing its projected investment costs for extraction. ...

Kali Kotoski
http://www.phnompenhpost.com/business/emeralds-gold-prospects-improve

Foreign Minister on US mission

Foreign Minister Park Sokhornn will be at the White House on Thursday for the first meeting between Asean foreign ministers and US Secretary of State Rex Tillerson since the new administration of President Donald Trump took office in January.   ...

Ros Chanveasna
http://www.khmertimeskh.com/news/37938/foreign-minister-on-us-mission/

Cambodia-China cooperation

Cambodia and China reiterated their commitment to speed up the construction of the Phnom Penh to Sihanoukville super highway and the building of a new airport in Siem Reap, according to the government’s Press and Quick Reaction Unit yesterday. ...

Sum Manet
http://www.khmertimeskh.com/news/37923/cambodia-china-cooperation/

Aeon plans grocery store chain

Aeon plans to open the stores across the capital and surrounding provinces following the success of its flagship 68,000 square-meter mall, which opened in 2014. ...

May Kunmakara
http://www.khmertimeskh.com/news/37928/aeon-plans-grocery-store-chain/

Russia to pursue gas in Thai-Cambodian shelf

Russia’s state-owned energy giant Gazprom is considering gas production on the continental shelf of Thailand and Cambodia, Russian media reported on Friday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/russia-pursue-gas-thai-cambodian-shelf

Construction workers call for baseline wage

A day ahead of May Day, the Building and Wood Workers Trade Union Federation of Cambodia held a small rally outside the National Assembly demanding the inclusion of construction workers within the minimum wage framework and new guidelines for workplace safety. ...

Ananth Baliga
http://www.phnompenhpost.com/national/construction-workers-call-baseline-wage

Unions plan for thousands to join banned Labor Day march

Thousands of workers will once again defy government orders and march through central Phnom Penh this morning to mark International Labor Day, the president of one of Cambodia’s largest independent labor unions said on Monday. ...

Ben Sokhean
https://www.cambodiadaily.com/news/unions-plan-for-thousands-to-join-banned-labor-day-march-128928/

Two arrested with luxury-grade wood on bus

Police in Ratanakkiri province Thursday’stopped a bus and arrested two Vietnamese men—the driver and a bus company employee—who were attempting to transport about 300 kg of luxury-grade timber across the border to Vietnam, officials said. ...

Aun Pheap
https://www.cambodiadaily.com/news/two-arrested-with-luxury-grade-wood-on-bus-128820/

Ministry loves company

About 130 villagers and more than 20 of their children demonstrated in front of the Ministry of Land Management from 8am to noon yesterday, demanding that the government exclude their villages from a proposed development plan and protect their homes by granting them land titles. ...

Sen David
http://www.phnompenhpost.com/national/ministry-loves-company

Forests cleared in Koh Kong protected areas

Around 600 hectares of the protected Southern Cardamom National Park in Koh Kong have been illegally cleared and sold off for cultivation since 2013, sometimes by local authorities, according to the conservation organisation Wildlife Alliance. ...

Phak Seangly
http://www.phnompenhpost.com/national/forests-cleared-koh-kong-protected-areas

E-commerce slowed by government: report

The key ingredients for e-commerce adoption are in place in Cambodia but many specific measures need to be addressed by both the private and public sector before the Kingdom can tap into the huge opportunities offered by a digital economy, according to a new report ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/e-commerce-slowed-government-report

Boeung Kak lake dispute ‘closed’

Phnom Penh City Hall yesterday washed its hands of the decadelong contentious Boeung Kak lake issue, saying it was closing its conflict resolution process, leaving seven families who had refused to accept the government’s offers in the lurch. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/boeung-kak-lake-dispute-closed

Pig farmers form taskforce to curb illicit smuggling

Cambodia’s pig farmers created a new taskforce yesterday to combat pig smuggling along Cambodia’s borders that is leading to falling prices for domestic producers. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/pig-farmers-form-taskforce-curb-illicit-smuggling

Renewables start to gain traction

Solar power is slowly gaining momentum in Cambodia as a viable source of electricity for the country’s growing energy needs, though stakeholders are anxious to see a real government commitment to establish a beneficial regulatory framework. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/renewables-start-gain-traction

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