News
Cambodian opposition expected to play on anti-vietnamese sentiment ahead of elections
Cambodia’s long-standing fear of Vietnam can sometimes appear to be borderline irrational and allegations of land grabbing, war-mongering, even contaminated food exports — alongside abusive insults — are often leveled at the eastern neighbors. That will only intensify as the commune elections get closer this ...
Sihanoukville port announces bookbuild and IPO date
The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering (IPO) on the Kingdom’s stock market set for May 31, the company’s sole underwriter said ...
Hor Kimsay
http://www.phnompenhpost.com/business/sihanoukville-port-announces-bookbuild-and-ipo-date
Over 35,000 kids still in care
A staggering 35,000 Cambodian children and young people continue to be housed in a range of residential care facilities, with many of them flying under the government’s radar, according to a new report released by the Ministry of Social Affairs yesterday. ...
Touch Sokha and Erin Handley
http://www.phnompenhpost.com/national/over-35000-kids-still-care
Tax Department collects $760M in first quarter
The Cambodian government collected more than $760 million dollars in tax revenue during the first quarter of this year, an increase of more than 90 percent compared to the same period last year, according to a report released yesterday by General Department of Taxation (GDT). ...
The Phnom Penh Post staff
http://www.phnompenhpost.com/business/tax-department-collects-760m-first-quarter
Ministry pledges rice support
After Cambodian rice exports declined dramatically in March, caused by what millers claimed was a stricter enforcement of sanitary and phytosanitary (SPS) measures by the Chinese government, the Ministry of Agriculture announced yesterday that it would lobby on the sector’s behalf to allow more millers ...
Hor Kimsay
http://www.phnompenhpost.com/business/ministry-pledges-rice-support
Tbong Khmum Election Committee probes possible CPP violation
The election committee of Tbong Khmum province is investigating a complaint that the ruling CPP violated electioneering rules by posting party signs on homes before the official campaign period kicks off for the June 4 commune elections. ...
Ben Sokhean
https://www.cambodiadaily.com/news/tbong-khmum-election-committee-probes-possible-cpp-violation-128218/
Vietnam stops nine overloaded trucks with illegal lumber
Authorities in Vietnam’s Gia Lai province have recently stopped at least nine overloaded timber trucks crossing into the country from the Kingdom, despite the Cambodian government ostensibly banning wood exports to its eastern neighbour, according to a Vietnamese news report. ...
Shaun Turton and Mech Dara
http://www.phnompenhpost.com/national/vietnam-stops-nine-overloaded-trucks-illegal-lumber
WEF ranking upgrade boosts tourism
Cambodia has improved its ranking in the World Economic Forum’s (WEF) Travel and Tourism Competitiveness Index. The nation was ranked 101 of 136 countries in the 2017 report, thanks to performance improvements that drove an overall score increase from 3.2 points in 2015 to 3.3 ...
Chea Vannak
http://www.khmertimeskh.com/news/37636/wef-ranking-upgrade-boosts-tourism/
Unsafe fuel stations must close, says government
Mines and Energy minister Suy Sem has contacted city and provincial governors and ordered them to immediately close down any operation which does not have safety certificates. ...
Pech Sotheary
http://www.khmertimeskh.com/news/37651/unsafe-fuel-stations-must-close--says-government/
Companies told to reopen road
Land Minister Chea Sophara has told two firms to reopen a public road they fenced off without permission. The order came after 127 families affected by the closure complained about Phanimex and Heng Ly companies in August last year. ...
Khuon Narim
http://www.khmertimeskh.com/news/37652/companies-told-to-reopen-road/
Ministry cracks down in orphans scandal
The Ministry of Social Affairs has decided to reintegrate more than 3,000 children in orphanages back into families after discovering the abysmal conditions of many facilities, with some having reported sexual abuse. ...
Pech Sotheary
http://www.khmertimeskh.com/news/37654/ministry-cracks-down-in-orphans-scandal/
Minimum wage for all in sight
A new law on a national minimum wage for all workers will come into force by the end of the year, the Labor Minister said, after union and employer representatives met officials to discuss the issue yesterday. ...
Mom Kunthear
http://www.khmertimeskh.com/news/37653/minimum-wage-for-all-in-sight/
Lack of iodized salt causes ‘serious public health problem’ in Cambodia
Laillou was stunned to find that 90 percent of coarse salt and 40-50 percent of fine salt was now not iodized. And all of it was labeled as iodized. Online journal Nutrients said iodine deficiency in Cambodia had become “a serious public health problem” just ...
Robert Carmichael and Sokummono Khan
http://www.voacambodia.com/a/salt-iodization-cambodia-public-health/3802313.html
Banking shows steady growth
Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/banking-shows-steady-growth
Vietnamese firm to invest in massive casino
A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/vietnamese-firm-invest-massive-casino
Hope grows for three cities to be inducted into UNESCO list
Via the Ministry of Culture and Fine Arts and the Ministry of Tourism, the government is progressing with a set of relevant documents as a proposal to UNESCO to induct Battambang city, Kampot city and Kratie city on to the United Nations arm’s World Heritage ...
Siv Meng
http://www.phnompenhpost.com/post-property/hope-grows-three-cities-be-inducted-unesco-list
Cambodia’s debt at $5.8 bil
The government signed concessional loan agreements with development partners – both bilateral and multilateral – amounting to about $8.3 billion from 1993 to the end of 2016, official figures show. ...
Sok Chan
http://www.khmertimeskh.com/news/37591/cambodia---s-debt-at--5-8-bil/
Construction sector investment falls by 22 percent
Investment capital in Cambodia’s construction industry is off to a dwindling start this year, falling 22.1 percent at the end of the first quarter compared with the same period last year. ...
Siv Meng
http://www.phnompenhpost.com/post-property/construction-sector-investment-falls-22-percent
Japanese firms sign power line agreement
T.T. Network Infrastructure Japan, a joint venture between global electronics manufacturer Toshiba and Tokyo Electric Power Co Holdings (TEPCO), will operate and maintain 130 kilometres of a 230-kilovolt power transmission line in Cambodia, according to Japanese media yesterday. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/japanese-firms-sign-power-line-agreement
Power to the provinces
People in Svay Rieng, Prey Veng and Kandal provinces are to benefit from stable electricity supplies after a $75 million project to expand the national grid went online yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/37612/power-to-the-provinces/
Kingdom’s debt grows to nearly $6 billion
Cambodia’s national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry and Economy and Finance earlier this month. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdoms-debt-grows-nearly-6-billion
Over 700 illegal fishermen netted
A four-month government campaign has exposed 730 cases of illegal fishing on Tonle Sap lake. Noa Thuok, secretary of state at the Ministry of Agriculture, said 30 people have been sent to court so far as a result of the inter-ministerial crackdown, which began in December. ...
Khuon Narim
http://www.khmertimeskh.com/news/37606/over-700-illegal-fishermen-netted/
More timber seized from Ratanakkiri
Ratanakkiri provincial authorities yesterday seized a large cache of luxury wood and arrested four people about to sell the timber to Vietnam. ...
Pech Sotheary
http://www.khmertimeskh.com/news/37605/more-timber-seized-from-ratanakkiri/
Border road damaged in riverbank collapse
A vital road linking Kandal province to the Vietnamese border has been seriously damaged after the banks of the Mekong river collapsed in Lerk Dek district. ...
Ven Rathavong
http://www.khmertimeskh.com/news/37607/border-road-damaged-in-riverbank-collapse/