News

Rice crackers bound for China

Cambodian rice cracker manufacturer Ly Ly Food Industry Co. Ltd., has begun exporting its products to China, as part of a push to expand beyond Asean markets. ...

Sum Manet
http://www.khmertimeskh.com/news/28557/rice-crackers-bound-for-china/

Listed firms lax on fiscal reports

Six weeks since the close of the fiscal first half, none of the four listed companies on Cambodia’s stock exchange have issued their required half-year financial statements, and one firm has not disclosed any financial data since 2014 – casting doubts on the tiny bourse’s ...

Kali Kotoski
http://www.phnompenhpost.com/business/listed-firms-lax-fiscal-reports

Government refutes claims of abuse in Malaysia

The Foreign Affairs Ministry on Tuesday refuted the claims of two women who say they saw inmates at a Malaysian detention depot fatally beaten by guards earlier this year, including fellow Cambodians.   ...

Kang Sothear and Zsombor Peter
https://www.cambodiadaily.com/second2/government-refutes-claims-abuse-malaysia-116786/

Hun Sen gives land titles to families

Prime Minister Hun Sen yesterday announced that he had instructed Takeo provincial governor Lay Vannak to give land titles to 31 families after they had asked him via Facebook to intervene in their long-running land dispute with the provincial department of commerce. ...

Pech Sotheary
http://www.khmertimeskh.com/news/28575/hun-sen-gives-land-titles-to-families/

Government scrubs database that exposed Hun family riches

The Commerce Ministry has scrubbed its website of all corporate shareholder information since last month’s release of a report damned by Prime Minister Hun Sen’s children for shedding light on the first family’s sprawling business empire. ...

Zsombor Peter
https://www.cambodiadaily.com/news/government-scrubs-database-exposed-hun-family-riches-116772/

Angkor Gold hits the jackpot

Angkor Gold Corp., a Canada-based mineral exploration company with operations in Cambodia, has completed its exploration and analysis of ground samples at its Koan Nheak site in Mondulkiri province. Around 31.8 grams per ton (g/t) of gold were found in the samples, according to a ...

Sum Manet
http://www.khmertimeskh.com/news/28560/angkor-gold-hits-the-jackpot/

Tourism unaffected by blasts

There has been no impact on tourists traveling by air between Cambodia and Thailand following the multiple fatal bombings in the southern part of Thailand last week, according to government and industry officials. ...

Sok Chan
http://www.khmertimeskh.com/news/28561/tourism-unaffected-by-blasts/

Government official tells court he didn’t know bribe was a crime

An official at the Council for the Development of Cambodia confessed during his trial on Monday to soliciting bribes from a garment factory to process its import applications, but said he did not believe at the time that he was committing a crime. ...

Ouch Sony
https://www.cambodiadaily.com/news/government-official-tells-court-didnt-know-bribe-crime-116740/

Tax revenue rises 20%

Tax revenue in the first seven months of the year was $955 million, an increase of 18.91 percent over the same period last year, according to a report from the General Department of Taxation (GDT). ...

Sum Manet
http://www.khmertimeskh.com/news/28505/tax-revenue-rises-20-/

Board of CRF seeks a double term

Just a month since their election, the leaders of the nation’s apex rice industry have cast a motion to extend their terms – a move some have greeted with suspicion. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/board-crf-seeks-double-term

Hun Sen gives ousted director new Ministry job

Prime Minister Hun Sen appointed the former director of Phnom Penh’s health department to a new position at the Ministry of Health on Monday, two days after he stripped the official of his erstwhile position during an on-air call to the popular ABC radio station. ...

Kuch Naren and Ben Paviour
https://www.cambodiadaily.com/news/hun-sen-gives-ousted-director-new-ministry-job-116720/

Larryta buys new fords

As demand for pan-Cambodian transport increases, transport company Larryta Car Rental Express announced yesterday that it was increasing its fleet of minibuses by another 12 after signing an agreement with Ford Transit importer, RMA Cambodia. ...

Sok Chan
http://www.khmertimeskh.com/news/28510/larryta-buys-new-fords/

Central Bank projects 7.1% growth in 2H16

The National Bank of Cambodia held a seminar on the state of the economy in the first half of the fiscal year on Saturday, forecasting 7.1 per cent GDP growth for the rest of the year. ...

Post Staff
http://www.phnompenhpost.com/business/central-bank-projects-71-growth-2h16

Rosewood, resin trees seized in separate raids

Officials confiscated nearly 5 tonnes of rosewood and resin tree timber in Siem Reap and Preah Vihear provinces on Sunday in separate incidents. ...

Phak Seangly
http://www.phnompenhpost.com/national/rosewood-resin-trees-seized-separate-raids

Cambodia asks East Timor to import rice, sugar

Cambodia is seeking to export milled rice and sugar to East Timor, according to the Ministry of Commerce, with experts saying it will expand markets for the Kingdom’s agricultural products. ...

Chea Vannak
http://www.khmertimeskh.com/news/28511/cambodia-asks-east-timor-to-import-rice--sugar/

Korea pushes to build 'smart city' in Cambodia

South Korea will push to build a highly efficient and eco-friendly city in Cambodia using its latest information technology, and support the Southeast Asian nation’s public housing program, the government said Monday. ...

Yonhap
http://www.koreaherald.com/view.php?ud=20160815000280

USAID to consult public before next round of Prey Lang funding

The next round of USAID funding for protection of the Prey Lang forest will be preceded by a consultation process that environmentalists and experts studying the area are calling crucial. ...

Cristina Maza and Bun Sengkong
http://www.phnompenhpost.com/national/usaid-consult-public-next-round-prey-lang-funding

More Cambodians traveling abroad as tourists

The number of Cambodians traveling overseas as tourists increased to nearly 700,000 in the first half of the year, up 26 percent compared to the same period last year, according to the Ministry of Tourism. Experts in the industry welcomed this trend and pointed out ...

Chea Vannak
http://www.khmertimeskh.com/news/28454/more-cambodians-traveling-abroad-as-tourists/

Timber seized in three separate raids

Authorities seized more than 30 cubic metres of luxury timber and roughly 1,000 kilograms of illegal rosewood in separate raids in three provinces over the weekend. Chea Hean, head of the Natural Resource and Wildlife Preservation Organization, said he and Pursat environmental officials confiscated and burned ...

Mech Dara
http://www.phnompenhpost.com/national/timber-seized-three-separate-raids

Oil firm ready to push ahead with offshore drilling

Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised. ...

Kali Kotoski
http://www.phnompenhpost.com/business/oil-firm-ready-push-ahead-offshore-drilling

Computer system to register voters

Cambodia’s new voter registration system will use a computer program to register eligible citizens who have a national identity card and are over the age of 18 before election day, according to a National Election Committee (NEC) technical officer at a media training event on ...

San Bunsim
http://www.khmertimeskh.com/news/28473/computer-system-to-register-voters/

Metered tuk-tuks making inroads in Phnom Penh

Cambodia’s first fleet of metered tuk-tuks is taking on the capital’s traditional business model for cheap motorised conveyance, where fare prices are usually settled by negotiations and customers often feel they were overcharged. ...

Matthieu de Gaudemar and Hor Kimsay
http://www.phnompenhpost.com/business/metered-tuk-tuks-making-inroads-phnom-penh

PM Calls for Peace on Korean Peninsula

Prime Minister Hun Sen has called on North Korea to respect the decisions made by the UN Security Council and called for the resumption of six-party talks to maintain peace and stability on the Korea Peninsula. ...

Ven Rathavong
http://www.khmertimeskh.com/news/28472/pm-calls-for-peace-on-korean-peninsula/

Smallholder farmers to face land shortage, study finds

Smallholder farmers have a crucial role to play in tempering the growing pains of Cambodia’s transition to an industrialised economy, but unless something is done, they will face a land shortage in the coming years, according to the authors of a new report. They will ...

Jack Davies
http://www.phnompenhpost.com/national/smallholder-farmers-face-land-shortage-study-finds

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