ភ្នំពេញប៉ុស្តិ៍

Qatar’s ambassador to Cambodia says his country wants to open a bank here in an effort to enhance, and attract more, trade and investment from Middle East countries to the Kingdom. Bloomberg reported yesterday that Arqaam Capital, a Dubai-based investment bank, had said it was ...

The first time Leang Horng, a resident of Kandal province’s Saang district, made use of a micro-finance institution, a loan was the only service he needed. At that time, Horng had no idea about deposits or money transfers. But things have changed in the past few ...

Prime Minister Hun Sen on Saturday inaugurated the third in a string of six Chinese-funded hydropower dam projects, offering lavish praise for the superpower as he officially opened the $47 million Kirirom 3 dam in Koh Kong. “I am really pleased for the new ...

The ongoing story of garment workers left jobless by company closures in late December is fast becoming A Tale of Two Factories: one group of workers has everything before it, the other has nothing. It’s this widening gulf between workers at Yung Wah Industrial and Kingsland ...

While Cambodia seeks to diversify its manufacturing sector and encourage higher-value-added activities, experts say it must be supported by the right mix of government policies. The Asia Development Bank (ADB) says that the sharp increase of foreign direct investment (FDI) from $900 million in 2011 to ...

Activists are welcoming Prime Minister Hun Sen’s public vow to prevent logging and rosewood trafficking, but they also say it’s too little too late to have any serious impact on protecting Cambodia’s already decimated forests. In a speech on Friday at the Ministry of Interior, Hun ...

Total fixed assets of Singaporean investment in Cambodia last year reached $82.7 million, a 500 per cent increase from $13.8 million in 2011, data from the Council for the Development of Cambodia (CDC) show. Singaporean entrepreneurs who have already entered the Cambodian market said they expect ...

Some 300 villagers from the Andong Trabaek community in Svay Rieng province’s Romeas Hek district will accompany two representatives who have been summonsed to the provincial court Tuesday to clarify allegations of illegal logging that villagers say were fabricated by Forestry Administration officials in order ...

Cambodian milled rice is becoming more popular throughout Asia, particularly in Malaysia, which is the number one importer of milled rice from the Kingdom. According to data from the Ministry of Agriculture, Forestry and Fisheries, Malaysia imported over 7,000 tonnes of a total 25,700 tonnes exported ...

Five men allegedly caught with 10 cubic meters of illegal rosewood worth more than $1 million on Wednesday were being questioned in Stung Treng provincial court yesterday, officials said. Chroeung Khmao, the provincial prosecutor, said the men – four Chinese citizens and one Cambodian – were ...

Between 2008 and 2012, Cambodia’s spending on public infrastructure amounted to about US$2.5 billion — a sum an opposition politician says is too low and is ineffectively put to use. In his opening remarks at the seventh Cambodia Outlook Conference, Prime Minister Hun Sen said public ...

An offshore financial services provider aiming to cater to expatriates in Cambodia hopes to tap into a market that has had its share of fly-by-night operators. Tag Wealth International, a subsidiary of the Australia-based Tag Group, began operations last month, offering advice in areas such as ...

Exports of Cambodian milled rice rose sharply during the first four weeks of this year, and traders are optimistic about the demand in Asian markets, particularly China. Figures from the one-stop service office at the Council for the Development of Cambodia (CDC) show the Kingdom exported ...

Phnom Penh Water Supply Authority (PPWSA) yesterday announced plans to pay its first dividend to shareholders. Dividends from the stock will be given to investors next month in cash after the financial performance of the company is audited by an international firm. Up until now, the ...

Less than 30 per cent of complaints filed to the government’s National Authority for Land Dispute Resolution (NALDR) throughout 2012 were resolved, according to its annual report released yesterday. According to the document, distributed yesterday at the NALDR annual convention, the government body, which comprises representatives ...

ANZ chief executive Mike Smith says Cambodia should decouple the riel from the US dollar to a stand-alone currency and align itself to the Chinese renminbi (RMB), given the shift in global trade flows. At the Cambodia Outlook Conference in Phnom Penh yesterday, Smith said: “I ...

Trade unions agreed yesterday to lobby the government to double the minimum wage in the garment sector, representatives said, following two days of meetings. Rong Chhun, president of the Cambodian Confederation of Unions, said union delegates had agreed on the $120 per month figure ahead of ...

Claims in the Kingdom’s six insurance companies declined dramatically last year, while the total premium revenue sharply increased by more than 20 per cent year-on-year, official data from the General Insurance Association of Cambodia (GIAC) show. GIAC data shows total claims reached $4.8 million, down from ...

A national energy efficiency policy is currently in development, officials told the Post last week. Experts at the Ministry of Industry, Mines, and Energy (MIME) and the multi-donor fund EU Energy Initiative Partnership Dialogue Facility (EUEI PDF) are in discussions about details of the policy, ...

Student volunteers working as part of the government’s land titling scheme are again being accused of refusing to measure land – this time in Pursat province – because they say those living there have done so illegally, according to villagers. Villagers in Bakan district said the ...

Customs procedures are being examined in a time-release study to identify issues that can affect Cambodia’s trade competitiveness. According to experts, the study is an important tool to improve the Kingdom’s investment climate. The study will be conducted and organised by the GDCE with support ...

With Myanmar’s telecom industry showing signs of gradually opening, operators in Cambodia’s overcrowded telecom market see opportunities for potential investment. But in stride with the market’s latent potential come challenges, industry experts say, and lessons learned locally need to be applied overseas. “Myanmar remains one of the ...

Farmers have expressed concern over local brokers’ manipulation of the market during harvest season, reducing buying prices for farmers who have no access to actual market rates. While some farmers have already completed their harvests, others have left their fields barren, fearing brokers will reduce ...

Kampong Speu palm sugar production is projected to decrease slightly this year due to a late start, though prices are expected to rise thanks to the sugar’s growing popularity following its geographical indication certification. Despite the drop in production, Hong Hoeung, director of Kampong Speu Palm ...