News

Pepper plantation to tip the scales

A local subsidiary of a South Korean confectionary giant is investing $40 million to develop what it claims will be the world’s largest pepper plantation on a sprawling 1,000-hectare estate in eastern Cambodia, a company executive said yesterday. ...

Cam McGrath and Cheng Sokhorng
http://www.phnompenhpost.com/business/pepper-plantation-tip-scales

Over 3.76B riel swapped in banknote exchange

The Central Bank announced on Monday that it exchanged 3.76 billion of old and worn Khmer riel banknotes (equivalent to $930,091) to new notes during its “Loving Riel Notes”, campaign which lasted five days during the Pchum Ben holiday. ...

Post Staff
http://www.phnompenhpost.com/business/over-376b-riel-swapped-banknote-exchange

Budget backed without support

Members of the ruling Cambodian People’s Party voted in the National Assembly yesterday to back a 2017 national budget that outlines spending of $5 billion, but opposition Cambodia National Rescue Party (CNRP) members refused to give it their support. ...

Chea Vannak
http://www.khmertimeskh.com/news/32306/budget-backed-without-support/

Central Bank puts 40B riel up for bid in LPCO

The National Bank of Cambodia (NBC) yesterday held its second Liquidity-Providing Collateralised Operation (LPCO), making 40 billion riel ($9.89 million) available to financial institutions in an auction in which repurchase agreements, or repos, were signed for 8.4 billion riel ($2.07 million). ...

Post Staff
http://www.phnompenhpost.com/business/central-bank-puts-40b-riel-bid-lpco

Committee for work safety created

The government has established the National Committee for Health and Work Safety, to comprise in part officials from relevant ministries to review, give counsel and spread information related to health and work safety. According to a sub-decree dated Monday and signed by Prime Minister Hun Sen, ...

Mom kunthear
http://www.khmertimeskh.com/news/32302/committee-for-work-safety-created/

GE to help electrify Cambodia

A partnership with General Electric (GE), the Boston-based American multinational conglomerate, will be the best way forward for Cambodia to meet its 2035 goal of reducing carbon dioxide emissions by three million tons annually and electrifying 100 percent of rural areas, representatives from the company ...

Sok Chan
http://www.khmertimeskh.com/news/32285/ge-to-help-electrify-cambodia/

Drug factory found by students

Members of the Environment and Natural Resources Student Network, which is made up of students from six universities, found a factory processing an indigenous vine believed to be used in the production of narcotics in Koh Kong province last week.​ ...

May Titthara
http://www.khmertimeskh.com/news/32304/drug-factory-found-by-students/

Civil societies urge budget review

Several civil society groups yesterday issued a joint statement urging members of parliament to review the national budget which is set to allocate close to 35 percent of national spending solely to the Defense Ministry and a contingency reserve. ...

Taing Vida
http://www.khmertimeskh.com/news/32233/civil-societies-urge-budget-review/

Vietnam logging numbers being ‘verified’: official

Vietnamese customs data showing that Cambodia exported at least $121 million of woodthis year are currently being investigated by government officials, according to Environment Ministry Undersecretary of State Eang Sophalleth. ...

Jack Davies and Mech Dara
http://www.phnompenhpost.com/national/vietnam-logging-numbers-being-verified-official

New Laos dam draws criticism

News that Laos will move ahead with the proposed 912-megawatt Pak Beng dam, which would be the third mainstream dam in Laos’ Lower Mekong River, has sparked criticism from environmental groups who say downstream countries should decide the fate of potentially harmful development projects. ...

Cristina Maza
http://www.phnompenhpost.com/national/new-laos-dam-draws-criticism

Calls to cooperate in sand export data

Civil society members and Ministry of Mines and Energy officials came together recently to discuss discrepancies in the export figures of sand from Cambodia to Singapore, after 47 NGOs wrote an open letter early this month to the ministry seeking an explanation. The letter from civil ...

Ven Rathavong and Ros Chanveasna
http://www.khmertimeskh.com/news/32210/calls-to-cooperate-in-sand-export-data/

New fertiliser venture aims to satisfy growing demand

Fertiliser manufacturer Nangoku Agriculture Development, a Japanese-Cambodian joint venture, launched operations yesterday with the aim of supplying locally manufactured fertilisers to Cambodian farmers at affordable prices.​ ...

Steel firm mulls factory in SSEZ

A Chinese steel company is in talks with Sihanoukville Special Economic Zone (SSEZ) to set up an industrial facility in the zone, a marketing executive said on Saturday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/steel-firm-mulls-factory-ssez

120 students poisoned by school snack in Oddar Meanchey

About 120 students at a Christian school in Oddar Meanchey’s Trapaing Prasat district came down with food poisoning after consuming a dessert served by the school on Wednesday, though officials confirmed that all were “recovering well”.​ ...

Touch Sokha
http://www.phnompenhpost.com/national/120-students-poisoned-school-snack-oddar-meanchey

Bail request denied for land activist

The Appeal Court yesterday dismissed a bail request for Tep Vanny, the prominent Boeung Kak land activist charged with intentional violence related to a protest outside Prime Minister Hun Sen’s house in 2013, a case reactivated after she was arrested during a Black Monday protest ...

Taing Vida
http://www.khmertimeskh.com/news/32117/bail-request-denied-for-land-activist/

Mango producers struggle to meet Korean standards

It has been nearly a year since the government signed a memorandum of understanding with South Korea that aimed to put Cambodian mangoes on the shelves of supermarkets in Seoul, yet local producers say there is little sign of any movement. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/mango-producers-struggle-meet-korean-standards

Thailand to kick out children of all illegal migrants by 2020

In a move activists fear could endanger thousands of Cambodian children, Thailand plans to reduce the number of children of illegal migrants living in the country to zero by 2020, according to a newspaper report. Thailand is the top destination for Cambodians seeking work abroad, with ...

Ben Paviour
https://www.cambodiadaily.com/news/thailand-kick-children-illegal-migrants-2020-120704/

Government considers a tax on carbon aviation

Cambodia is considering adopting an aviation tax for flights leaving the Kingdom, local media reported yesterday. The announcement came as Environment Minister Say Samal delivered remarks at the COP22 UN Climate Conference in Morocco. The conference comes one year after the historic signing of the Paris ...

Post Staff
http://www.phnompenhpost.com/business/government-considers-tax-carbon-aviation

PPSEZ revenue drop due to land sales

The 50 percent drop in revenue of the Phnom Penh Special Economic Zone (PPSEZ) recently announced for the first nine months of the year is due mainly to a significant decline in land sales, a senior official said yesterday. According to the initial, un-audited revenue statement ...

May Kunmakara
http://www.khmertimeskh.com/news/32100/ppsez-revenue-drop-due-to-land-sales/

Kem Sokha headed to National Assembly

CNRP vice president Kem Sokha will next week leave the safety of the opposition’s headquarters in Phnom Penh for only the second time since police attempted to arrest him six months ago, with a party official saying he plans to attend Tuesday’s sitting of parliament. ...

Meas Sokchea
http://www.phnompenhpost.com/national/kem-sokha-headed-national-assembly

Food safety lab launched

A mobile laboratory that will be able to analyze food samples at markets around the country was launched by the Ministry of Commerce yesterday, at the same time the ministry announced it was seeking Chinese support in building testing facilities at land borders to analyze ...

Sok Chan
http://www.khmertimeskh.com/news/32101/food-safety-lab-launched/

Opposition to end boycott

Cambodia National Rescue Party (CNRP) MPs are to end their boycott of parliament, saying the national interest takes priority.The boycott started in May after security forces tried to arrest deputy party leader Kem Sokha after he refused to attend court for questioning over an alleged ...

Taing Vida
http://www.khmertimeskh.com/news/32072/opposition-to-end-boycott/

CNRP leader diversifies social media playbook

Opposition leader Sam Rainsy has waded into the Twittersphere, using his first tweet to congratulate US President-elect Donald Trump on his victory, and later calling on the few Cambodians who use the site to register to vote in next year’s commune elections.   ...

Alex Willemyns
http://www.phnompenhpost.com/national/cnrp-leader-diversifies-social-media-playbook

Entrepreneurship to be taught in the classroom

Education Minister Hang Chuon Naron has unveiled a plan to add coursework on entrepreneurship to the school and university curricula starting in the next academic year, state news agency AKP said yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/entrepreneurship-be-taught-classroom

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