News

$800 million for mass transit system

Cambodia is seeking a budget of $800 million to develop an automated gateway transit (AGT) system following the completion of a year-long feasibility study by the Japan International Cooperation Agency (JICA), said Minister of Transport Sun Chanthol yesterday. “The feasibility study of the AGT project conducted ...

Chea Vannak
http://www.khmertimeskh.com/news/29362/-800-million-for-mass-transit-system/

Cambodia, China sign new MoU on money laundering

Cambodia and China last week signed an agreement to exchange financial intelligence to combat money laundering and terrorism financing, though experts said the Kingdom should still be doing more to tackle an issue that has long persisted in the country, in part, due to local ...

Yesenia Amaro
http://www.phnompenhpost.com/national/cambodia-china-sign-new-mou-money-laundering

Bird’s nest export plan ready to fly

Cambodia is looking to secure its first commercial contract for the export of swiftlet nests to China, but must first demonstrate compliance with the Asian giant’s hygiene protocols, a government official has said. Hean Vanhan, undersecretary of state at the Ministry of Agriculture, said swiftlet nests, ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/birds-nest-export-plan-ready-fly

Sihanoukville power plant draws Royal Group's interest

The Royal Group, Cambodia’s biggest conglomerate, will be involved in funding future phases of a massive coal-fired power plant under construction in Preah Sihanouk province, a government official said yesterday, although details of the size of the investment or its timeline remain hazy. ...

Kali Kotoski
http://www.phnompenhpost.com/business/sihanoukville-power-plant-draws-royal-groups-interest

Timber negotiations scrapped; seized wood to be divided up

In the latest setback to its attempt to sell off millions of dollars worth of seized timber, the government canceled five days of negotiations with potential buyers scheduled for this week, an official said on Monday. ...

Aun Pheap
https://www.cambodiadaily.com/news/timber-negotiations-scrapped-seized-wood-divided-117641/

Canada wants trade pact

Canada is keen to sign an investment protection agreement with Cambodia to boost trade between both countries following the visit of Canadian Foreign Minister Stephane Dion to the Kingdom last Friday. ...

Sum Manet
http://www.khmertimeskh.com/news/29361/canada-wants-trade-pact/

Skepticism on liquidity providers

Almost two weeks after the Cambodia Securities Exchange (CSX) announced that it was accepting applications for the newly approved liquidity providers (LPs) option, it admitted yesterday that no one had yet applied, as insiders said they were still unsure of the program. ...

May Kunmakara
http://www.khmertimeskh.com/news/29363/skepticism-on-liquidity-providers/

Cambodians freed from Malaysia, Thailand

The Foreign Ministry last Thursday secured the release of 23 Cambodians who had been arrested and detained last month for overstaying their visas and working illegally in Malaysia. Another 16 Cambodians detained by Thai authorities for lacking passports were released as well. ...

Ven Rathavong
http://www.khmertimeskh.com/news/29331/cambodians-freed-from-malaysia--thailand/

PM says Canada will ‘cooperate’ on climate

Prime Minister Hun Sen has requested the assistance of Canada’s Minister of Foreign Affairs Stéphane Dion in mitigating the impact of climate change during an official meeting last Friday, noting, among other things, the recent severe drought. ...

Vong Sokheng
http://www.phnompenhpost.com/national/pm-says-canada-will-cooperate-climate

SAC shipping center opens

The launching ceremony of the Agro-products Cooperative (SAC) shipping center in Svay Rieng province last week took place in the presence of several dignitaries, including Fujimoto Toshiki, the second secretary of the Japanese embassy, Mam Amnot, secretary of state at the Ministry of Agriculture, and ...

Tin Sokhavuth
http://www.khmertimeskh.com/news/29325/sac-shipping-center-opens/

South China Sea likely to feature at ASEAN Summit in Laos

Prime Minister Hun Sen today leads a delegation of high-level officials to Laos for the start of the 29th ASEAN Summit. The event is considered of special import as it comes in the wake of a July international court ruling that determined the so-called “nine-dash line” ...

Cristina Maza
http://www.phnompenhpost.com/national/south-china-sea-likely-feature-asean-summit-laos

Thais to facilitate blocked maize exports

A month after Thailand blocked agricultural products from Cambodia over improperly stamped and signed certification documents, the Thai ambassador on Friday pledged to seek a solution for Cambodia’s maize exports. Commerce Minister Pan Sorasak said on Saturday that Cambodian authorities are doing their utmost to solve ...

Chea Vannak
http://www.khmertimeskh.com/news/29311/thais-to-facilitate-blocked-maize-exports/

SMEs in anti-graft partnership

The Federation of Associations of Small and Medium Enterprises of Cambodia (FASMAC) has sought support from the anti-corruption organization Transparency International, to prepare it to be a graft-free business entity and help its members to be listed on the Cambodia Stock Exchange (CSX). ...

Chea Vannak
http://www.khmertimeskh.com/news/29307/smes-in-anti-graft-partnership/

Hun Sen’s bodyguard unit marks seven years

Pol Saroeun, commander-in-chief of the military,  said his forces were “absolutely loyal” to Prime Minister Hun Sen and his family on Sunday at an event marking seven years since Mr. Hun Sen’s personal bodyguard unit was formed as a distinct entity from Brigade 70. ...

Ben Sokhean
https://www.cambodiadaily.com/news/hun-sens-bodyguard-unit-marks-seven-years-117578/

Turkish health care firms take local market’s pulse

Turkish companies looking to expand operations in the Kingdom’s health care industry were among the most visible participants of a trade exposition held in Phnom Penh over the weekend. ...

Hor Kimsay
http://www.phnompenhpost.com/business/turkish-health-care-firms-take-local-markets-pulse

Unions will negotiate for a $180 minimum wage

A group of 17 union leaders will demand $179.60 when they sit down for the latest round of negotiations this week to determine the minimum wage in the garment sector, which employs more than 600,000 Cambodians. The monthly minimum wage is currently $140. The new figure ...

Ben Sokhean
https://www.cambodiadaily.com/news/unions-will-negotiate-180-minimum-wage-117581/

Chinese bring sight to Kampong Cham

A team of more than 30 doctors and nurses from Hainan province in China have spent the last four days at Kampong Cham provincial hospital removing cataracts from low-income patients. Kang Baiying, a team member and a Hainan provincial official, said her team had been on ...

Ros Chanveasna
http://www.khmertimeskh.com/news/29329/chinese-bring-sight-to-k-cham/

Junket investor’s profit falls but sticking to its Cambodia bets

Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...

Cam McGrath
http://www.phnompenhpost.com/business/junket-investors-profit-falls-sticking-its-cambodia-bets

Oil, gas production not expected before 2018

Cambodia’s oil and gas reserves will not see any production until at least 2018, according to a report by London-based BMI. ...

Post Staff
http://www.phnompenhpost.com/business/oil-gas-production-not-expected-2018

Health Ministry taking measures to counter Zika

The Ministry of Health is taking precautionary measures to prevent the transmission of Zika and is asking the public to do the same, as the virus has emerged in other Southeast Asian countries and could make a comeback in the Kingdom. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/health-ministry-taking-measures-counter-zika

Light railway raised yet again at JICA meet

Plans for a light railway system in Phnom Penh were discussed at a meeting between Public Works and Transportation Minister Sun Chanthol and Japanese International Cooperation Agency (JICA) regional director-general Yasushi Tanaka on Friday. ...

Jack Davies and Phak Seangly
http://www.phnompenhpost.com/national/light-railway-raised-yet-again-jica-meet

NEC registers 500k voters in first four days

The National Election Committee claims to have signed up more than half a million people in its first four days of voter registration. The registration period, which began on Thursday and ends on December 1, requires more than 100,000 Cambodian citizens to be registered each day. ...

Bun Sengkong
http://www.phnompenhpost.com/national/nec-registers-500k-voters-first-four-days

Credit growth starts to cool off

New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less demand from the ...

Kali Kotoski
http://www.phnompenhpost.com/business/credit-growth-starts-cool

Hun Sen hopes days of post-election protests are finished

The three-month voter registration period opened on Thursday, with Prime Minister Hun Sen telling reporters after enrolling at his local commune office that he hopes the new voter registry will put an end to post-election protests. After the July 2013 national election, the CNRP refused to ...

Khuon Narim and Alex Willemyns
https://www.cambodiadaily.com/news/hun-sen-hopes-days-post-election-protests-finished-117491/

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