News

Business alliance eyes cross-border e-commerce along Mekong River

Companies and organizations from six countries along the Mekong River have established a business alliance, with a view to build a platform for cross-border e-commerce. ...

China Daily Team
http://www.chinadaily.com.cn/business/2016-06/12/content_25681597.htm

Foreign minister responds to Ban Ki-Moon

After initially refusing to comment on U.N. Secretary-General Ban Ki-moon’s surprise telephone call to Foreign Affairs Minister Prak Sokhonn last week, the ministry has released Mr. Sokhonn’s purported replies, all defending the government’s latest crackdown on the opposition. ...

Kang Sothear
https://www.cambodiadaily.com/news/foreign-minister-responds-to-ban-ki-moon-114015/

Don sahong vs dolphins: how the dam is affecting local residents

Dam Chan handed over the food in exchange for riel as she described hearing the loud bangs of dynamite in the distance. The 55-year-old has farmed and sold food in Preah Rumkel commune her entire life and is concerned about the future of her home ...

May Titthara
http://www.khmertimeskh.com/news/26037/don-sahong-vs-dolphins--how-the-dam-is-affecting-local-residents/

Angel investors raise hopes for local startups

Seven angel investors descended on Phnom Penh last Friday as part of the launch of a new investment initiative that aims to tap into Cambodia’s growing startup culture and support entrepreneurial endeavours with guidance and early stage risk funding. ...

Kali Kotoski
http://www.phnompenhpost.com/business/angel-investors-raise-hopes-local-startups

Tax collection goes up by 21.6 percent

The government’s tax revenue collection rose to about 21.6 percent in the first five months of this year, compared with the same period last year, with some $708.2 million filling state coffers, according to the Ministry of Economy and Finance’s General Department of Taxation (GDT). ...

Sok Chan
http://www.khmertimeskh.com/news/26024/tax-collection-goes-up-by-21-6-percent/

Bridge broken by illegal load

Kampot’s Ta Reach bridge was severely damaged by a truck overloaded with illegal luxury timber over the weekend, prompting a manhunt for the truck’s driver, who was apparently on his way to Vietnam at the time of the accident. ...

Pav Suy
http://www.khmertimeskh.com/news/26038/bridge-broken-by-illegal-load/

Foreign minister to join Asean meeting

As one of 10 Asean foreign ministers, Cambodian Foreign Affairs Minister Prak Sokhon will travel to China for a two-day meeting between Chinese Foreign Minister Wang Yi and the foreign ministers of Asean, according to a statement from the Foreign Ministry released on Saturday. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/26033/foreign-minister-to-join-asean-meeting/

PPAP board adds first independent directors

Phnom Penh Autonomous Port (PPAP) held its first general shareholder meeting last week, electing its first independent board members in a bid to ensure greater transparency in corporate governance, a company official said yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/ppap-board-adds-first-independent-directors

Health sector on notice

Legal action will be taken against health institutes that offer a low quality of care, according to a directive issued by the Minister of Health last week, which also emphasized the importance of digital record keeping in the medical sector. ...

Mom Kunthear
http://www.khmertimeskh.com/news/26032/health-sector-on-notice/

‘Black Monday’ will move to appeal court

Activists behind the “Black Monday” protests said on Sunday they would demonstrate yet again today despite the threat of more arrests, this time in front of the Appeal Court, where four employees of rights group Adhoc and an election official will have their bail hearing ...

Ben Sokhean
https://www.cambodiadaily.com/news/black-monday-will-move-to-appeal-court-114008/

Hun Sen says no discussions with the CNRP

Prime Minister Hun Sen told a local media outlet on Sunday that the ruling CPP would not engage in any talks with the opposition CNRP over the jailing of its officials and supporters or recent moves by police to arrest deputy opposition leader Kem Sokha. ...

Ben sokhean
https://www.cambodiadaily.com/news/hun-sen-says-no-discussions-with-cnrp-114010/

Acleda increases share capital

Cambodia’s leading commercial bank Acleda announced late last week that it has injected an additional $42 million to top up the current share capital of $265.7 million, bringing the total registered share capital to $307.7 million. ...

Sok Chan
http://www.khmertimeskh.com/news/26026/acleda-increases-share-capital/

Bonna Realty says business as usual after chairman’s arrest

A representative of Bonna Realty Group said yesterday that the arrest of the company’s eponymous chairman on Friday on fraud charges stemming from a bounced cheque would have no impact on the business because it was purely a personal matter. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bonna-realty-says-business-usual-after-chairmans-arrest

Advertisers spend less on print

Advertising budgets are getting bigger, but an increasingly smaller share of the revenue is going to traditional print media, with 2016 shaping up to be an exceptionally lean year, new market research shows. ...

Hor Kimsay
http://www.phnompenhpost.com/business/advertisers-spend-less-print

Health Ministry and WHO sign 5-year plan

The Ministry of Health and the WHO on Friday signed a new five-year plan that will seek to address communicable and non-communicable diseases, advance universal health care, strengthen capability to respond to new emerging diseases and increase collaborations and partnerships, a ministry official said yesterday. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/health-ministry-and-who-sign-5-year-plan

Wing plans for more growth

Wing Specialised Bank is trying to stay ahead of the game in the money transfer and mobile payment sector by forging new partnerships. The Post’s Ayanna Runcie sat down with Wing’s recently appointed CEO Jojo Malolos to discuss his plan for the company’s future. ...

Ayanna Runcie
http://www.phnompenhpost.com/business/wing-plans-more-growth

Research may alter accepted history of Angkor’s end

Research released on Monday in the Journal of Archaeological Science may lead to whole chapters of Cambodia’s history being rewritten. ...

Michelle Vachon
http://www.cambodiadaily.com/news/research-may-alter-accepted-history-of-angkors-end-113999/

Publisher says murder confession was coerced

A newspaper publisher charged with murdering his friend in Phnom Penh last year told the municipal court on Thursday that his confession to military police was obtained through torture, but the presiding judge argued that such a claim would have “broken out” in the media ...

Ouch Sony
https://www.cambodiadaily.com/news/publisher-says-murder-confession-was-coerced-113986/

Man arrested for sexually assaulting children

Police arrested a man in Koh Kong province on Friday for allegedly sexually assaulting his friend’s two young daughters over the course of a day and a night.   ...

Khy Sovuthy
https://www.cambodiadaily.com/news/man-arrested-for-sexually-assaulting-children-113984/

Cambodia and World Bank expand development engagement to reduce poverty and share prosperity

The government of Cambodia and the World Bank today signed agreements for four projects to improve road surfaces, manage fisheries, improve livelihoods from agriculture in targeted rural communities, and increase access to health care, with funding from the International Development Association, or IDA, the World ...

Bou Saroeun
http://www.worldbank.org/en/news/press-release/2016/06/09/cambodia-and-world-bank-expand-development-engagement

Boom time for construction sector

The construction sector in the Kingdom is booming with total investment skyrocketing to $832.2 million this month compared to $39.7 million last June, according to latest figures from the Ministry of Land Management, Urban Planning and Construction. ...

Sum Manet
http://www.khmertimeskh.com/news/25983/boom-time-for-construction-sector/

US supports TPP bid

The United States yesterday threw its support behind Cambodia becoming a member of the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...

Chea Vannak
http://www.khmertimeskh.com/news/25980/us-supports-tpp-bid/

Angkor Wat ticket sales stagnating

Angkor Wat temple, Cambodia’s prime tourist attraction, experienced nearly stagnant growth for the first five months of this year, according to data released by Angkor Institution yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/angkor-wat-ticket-sales-stagnating

NEC sets voter registration dates

After multiple delays, the National Election Committee yesterday released its schedule for voter registration, giving itself three months to register the close to 9.6 million eligible voters across the country.   ...

Ananth Baliga
http://www.phnompenhpost.com/national/nec-sets-voter-registration-dates

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