News

March inflation rate rises to 4.3 percent

Although growth in Cambodia’s consumer price index (CPI) went up by 4.3 percent year-on-year in March, according to latest figures from the National Institute of Statistics, an expert maintains that the increase in cost of living will have minimal effect on the lives of Cambodians. ...

May Kunmakara
http://www.khmertimeskh.com/news/39611/march-inflation-rate-rises-to-4-3-percent/

Risk puts brakes on movable assets

Access to credit would increase dramatically if Cambodian borrowers could put up movable assets as collateral, but lenders say much more needs to be done to remove the risks associated with these assets, including the establishment of a legal framework that would restrict changes in ...

Hor Kimsay
http://www.phnompenhpost.com/business/risk-puts-brakes-movable-assets

Vietnamese data show timber exports are continuing

According to the figures, Vietnam imported 21,670 cubic metres of sawn wood valued at $13.7 million in April, a 27 percent drop compared to February and an almost 50 percent decrease compared to March. ...

Shaun Turton and Niem Chheng
http://www.phnompenhpost.com/national/vietnamese-data-show-timber-exports-are-continuing

Outbreak hits 24 at Kampong Speu prison

Twenty-four inmates in Kampong Speu’s provincial prison – where five prisoners escaped earlier this week – are reportedly experiencing a combination of respiratory difficulties, coughing, skin rashes and swollen legs.   ...

Khouth Sophak Chakrya and Martin de Bourmont
http://www.phnompenhpost.com/national/outbreak-hits-24-kampong-speu-prison

Kandal families allege official intimidation

Sixteen families in Kandal have accused a purported Interior Ministry official of sending soldiers to intimidate them to take their land, though the official denied the claims and said no such dispute existed at all. ...

Soth Koemsoeun
http://www.phnompenhpost.com/national/kandal-families-allege-official-intimidation

Monitor’s results CPP took about 50% at election

Transparency International (TI) Cambodia yesterday said that the ruling Cambodian People’s Party appeard to have won 49.4 percent of the nationwide popular vote on June 4 based on the stations it monitored, nearly six percentage points ahead of the CNRP’s 43.2 percent. ...

Ananth Baliga
http://www.phnompenhpost.com/national/monitors-results-cpp-took-about-50-election

China’s squeeze on capital outflow felt in Cambodia

Stringent capital controls imposed by China’s central bank last November that scrutinise the outbound flow of money from the mainland have created uncertainty for Chinese investors looking at the Cambodian market and could jeopardise future and existing projects. ...

Kali Kotoski and Brian Ng
http://www.phnompenhpost.com/business/chinas-squeeze-capital-outflow-felt-cambodia

Villagers near Sesan Dam warned to brace for floods

Villagers living near the Lower Sesan ll Hydropower Dam in Stung Treng province have been warned to expect flooding in their villages soon as the operators of the dam close its doors for technical tests. ...

Sen David
http://www.khmertimeskh.com/news/39566/villagers-near-sesan-dam-warned-to-brace-for-floods/

Maize has local farmers’ ears

Growing demand for animal feed is driving up both the demand and price of corn, with smallholder farmers claiming the field crop offers a more stable market than cassava.Corn is grown on more than 140,000 hectares in Cambodia and can be harvested twice a year, ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/maize-has-local-farmers-ears

Opposition requests migrant-friendly voter registration process

The opposition once again will ask the government to make upcoming voter registration more accessible to an estimated 1 million migrant workers by increasing the number of registration centers near the Thai border. ...

Ben Paviour and Ben Sokhean
https://www.cambodiadaily.com/news/opposition-requests-migrant-friendly-voter-registration-process-131633/

Only two complaints outstanding, NEC says

Out of 64 complaints filed with the National Election Committee (NEC) over the June 4 commune elections, only two remain outstanding, the election body said yesterday. ...

Niem Chheng
http://www.phnompenhpost.com/national/only-two-complaints-outstanding-nec-says

Endangered turtle hatchlings released into Mekong

The Wildlife Conservation Society (WCS) yesterday released 150 endangered Asian giant softshell turtles into the wild as part of a “community protection programme”, the organisation announced. Gathered from nests guarded by local communities, including former egg harvesters, the hatchlings were released into their natural habitat ...

Jovina Chua
http://www.phnompenhpost.com/national/endangered-turtle-hatchlings-released-mekong

Kem Sokha promises political tolerance to Cham muslims

CNRP President Kem Sokha has promised opposition supporters among the Cham Muslim community that any government he leads would put an end to political harassment from the community’s pro-CPP leaders, whom he claimed pressured followers not to join his party. ...

Ben Sokhean
https://www.cambodiadaily.com/news/kem-sokha-promises-political-tolerance-to-cham-muslims-131604/

Dam’s consultation process concludes

The consultation process for the controversial proposed Pak Beng dam in Laos concluded on Monday, allowing construction to begin even as local and international civil society groups continued to urge a delay until a forthcoming Mekong River Commission (MRC) environmental assessment is released later this ...

Andrew Nachemson
http://www.phnompenhpost.com/national/dams-consultation-process-concludes

‘Adhoc 5’ investigation concluded; trial awaits

The 13-month investigation into five current and former human rights workers known as the ‘Adhoc 5’ has ended, a court spokesman said on Wednesday, paving the way for a trial in a case widely condemned as being unjust and politically motivated. ...

Sek Odom
https://www.cambodiadaily.com/news/adhoc-5-investigation-concluded-trial-awaits-131614/

Banks roll out cards with new logos

Financial institutions that were abruptly ordered to change their logos earlier this year due to the perceived similarities with state iconography have begun issuing new bank cards to their clients free of charge. ...

Kali Kotoski
http://www.phnompenhpost.com/business/banks-roll-out-cards-new-logos

Solar plant poised to boost grid

Singapore-based Sunseap’s solar farm, the country’s first renewable power facility which has a contract to feed 10MW to the national grid, is set to start generating in August, officials say. ...

Chea Vannak
http://www.khmertimeskh.com/news/39540/solar-plant-poised-to-boost-grid/

Koh Kong airport confirmed to begin construction in early 2018

The international airport to be built in Koh Kong province will kick off construction in January next year, according to a spokesman from the State Secretariat of Civil Aviation (SSCA).​ ...

Siv Meng
http://www.phnompenhpost.com/post-property/koh-kong-airport-confirmed-begin-construction-early-2018

National Bank revokes licence of Dubai firm

The National Bank of Cambodia yesterday revoked the licence of Dubai-based Royal Index Pte., an affiliate of Royal Index UAE, after it failed to fulfill its mandatory obligations as a derivatives trading firm operating in the kingdom. ...

May Kunmakara
http://www.khmertimeskh.com/news/39454/national-bank-revokes-licence-of-dubai-firm/

World Bank subsidiary to train 2,000 contract rice farmers

A World Bank subsidiary will soon start training 2,000 farmers contracted to supply a leading Cambodian rice exporter on how to meet an international farming standard. ...

Hang Sokunthea
https://www.cambodiadaily.com/news/world-bank-subsidiary-to-train-2000-contract-rice-farmers-131561/

Soldiers, police in Mondolkiri under investigation for wood smuggling

The top military and police officials in Mondolkiri province have opened investigations into some of their soldiers and officers after a news story claimed they were involved in timber trafficking into Vietnam. ...

Aun Pheap
https://www.cambodiadaily.com/news/soldiers-police-in-mondolkiri-under-investigation-for-wood-smuggling-131560/

Chinese companies to set up mega water plant

Shanghai Mechanical Power Engineering and Shanghai Micro Purification Technology are both looking to ink deals with the government to build the industrial plant in Kep province, according to the Ministry of Industry and Handicrafts. ...

Chea Vannak
http://www.khmertimeskh.com/news/39525/chinese-companies-to-set-up-mega-water-plant/

Agriculture expo expected to draw Chinese investors

More than 1,000 Chinese investors and businessmen will soon come to Cambodia to seek investment partnerships with their Cambodian counterparts during the inaugural International Agriculture Products and Expository conference on Koh Pich Island. ...

Sok Chan
http://www.khmertimeskh.com/news/39529/agriculture-expo-expected-to-draw-chinese-investors/

Partnership to lift rice standards in Kingdom

The International Finance Corporation and Amru Rice, one of Cambodia’s biggest rice exporters, launched a new partnership yesterday to improve the competitiveness of the Kingdom’s rice sector, according to a press release. ...

Post Staff
http://www.phnompenhpost.com/business/partnership-lift-rice-standards-kingdom

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