The Phnom Penh Post

NGO embarks on mission for green SEZs

Motivated to build a green industrial zone in Cambodia, the newly-established NGO Environmental Protection Industry Associations of Cambodia (Epiac) will work with Chinese-owned industrial park developer and operator QiLu (Cambodia) Special Economic Zone Co Ltd to set a new precedent for environmentally-friendly design and construction. ...

May Kunmakara
https://www.phnompenhpost.com/business/ngo-embarks-mission-green-sezs

Clean energy microgrid in pipeline for Koh Rong Sanloem

A new private-sector energy development is in the pipeline for Koh Rong Sanloem Island with the goal of bringing clean and reliable electricity 24 hours a day to the remote location. ...

Thou Vireak
https://www.phnompenhpost.com/business/clean-energy-microgrid-pipeline-koh-rong-sanloem

Kampong Speu steelworks to begin operations

Chinese-owned Hong De Sheng (Cambodia) Steel Co Ltd has announced that its $16.7 million steelworks in Kampong Speu province’s northeastern Oudong district will start operations this month. ...

Thou Vireak
https://www.phnompenhpost.com/business/kampong-speu-steelworks-begin-operations

Mondulkiri Bunong community seeks return of forest land

More than 200 indigenous Bunong families in Mondulkiri province have asked authorities to retrieve 5ha of community forest land they claim had been secretly stolen from them by speculators. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/mondulkiri-bunong-community-seeks-return-forest-land

P2P lending marketplace launches

Peer-to-peer (P2P) lending marketplace Rai Capital (Cambodia) Co Ltd on November 26 announced its official launch in the Kingdom. It said it is designed for micro-entrepreneurs and individuals to promote financial inclusion in the Kingdom and enable flexible local financing solutions for local businesses and ...

Thou Vireak
https://www.phnompenhpost.com/business/p2p-lending-marketplace-launches

PPSP refutes Singapore group’s power allegations

Cambodia Securities Exchange- (CSX-) listed Phnom Penh Special Economic Zone Plc (PPSP) refuted Singapore-based Asiatic Group (Holdings) Ltd’s (AGH) allegations over breaching a power plant joint venture (JV) agreement. ...

May Kunmakara
https://www.phnompenhpost.com/business/ppsp-refutes-singapore-groups-power-allegations

WorldBridge’s SME cluster zone breaks ground in Takhmao town

WorldBridge Industrial Developments Co Ltd on November 27 broke ground on its long-awaited WorldBridge i4.0 SME Cluster zone in Kandal province. ...

Hin Pisei
https://www.phnompenhpost.com/business/worldbridges-sme-cluster-zone-breaks-ground-takhmao-town

Hyatt hotel in capital set for January 2021 launch

The $180 million The Hyatt Regency Phnom Penh hotel is set to launch in January, marking the brand’s first venture into the Kingdom’s capital. Local conglomerate Chip Mong Group signed a management agreement with Chicago, US-based Hyatt Hotels Corp in September 2016 for the hotel, ...

Thou Vireak
https://www.phnompenhpost.com/business/hyatt-hotel-capital-set-january-2021-launch

Seeds sown for Stung Treng agriculture

Stung Treng provincial authorities will work with integrated food-distribution company Hun Ty Co Ltd to exploit the province’s potential for crop cultivation and potentially set up a processing plant for export down the line, provincial administration spokesman Men Kung told The Post on November 26. ...

Hin Pisei
https://www.phnompenhpost.com/business/seeds-sown-stung-treng-agriculture

Gov’t credit guarantee unit set for 2021

The Credit Guarantee Corporation of Cambodia (CGCC) is on track to be launched in the first half of next year, Banking Association of Cambodia (ABC) president In Channy told The Post on November 26. The CGCC was established by Sub-Decree No 140 ANKr BK on ...

Thou Vireak
https://www.phnompenhpost.com/business/govt-credit-guarantee-unit-set-2021

Seeds sown for Stung Treng agriculture

Stung Treng provincial authorities will work with integrated food-distribution company Hun Ty Co Ltd to exploit the province’s potential for crop cultivation and potentially set up a processing plant for export down the line, provincial administration spokesman Men Kung told The Post on November 26. ...

Hin Pisei
https://www.phnompenhpost.com/business/seeds-sown-stung-treng-agriculture

Japan donates $3 million to fight marine plastic waste

The Japanese government will provide a $3 million grant to help Cambodia fight marine plastic pollution and promote a responsible cycle of using, reusing and recycling all forms of plastic waste.​The grant will fund an anti-waste project to be implemented by the Ministry of Environment, ...

Nov Sivutha
https://www.phnompenhpost.com/national/japan-donates-3-million-fight-marine-plastic-waste

PPCBank bond trades on secondary market

In a first for the Cambodia Securities Exchange (CSX), a listed bond were traded on the secondary market on November 24, data from the bourse show. As a result, South Korea-owned Phnom Penh Commercial Bank Plc’s (PPCBank) first bond offering (PPCB23A) on the CSX saw ...

May Kunmakara
https://www.phnompenhpost.com/business/ppcbank-bond-trades-secondary-market

E-Commerce Strategy launched

Cambodia officially launched the E-Commerce Strategy on November 25 in a bid to achieve and drive forward competitive growth in trade and economic terms and aid in its pursuit of becoming an upper middle-income country by 2030 and a high-income country by 2050. ...

Hin Pisei
https://www.phnompenhpost.com/business/e-commerce-strategy-launched

Royal Group planning 100sq km SEZ in Botum Sakor National Park

The Royal Group of Companies Ltd, a leading local conglomerate, will invest in the construction of a 100sq km special economic zone (SEZ) in Koh Kong province’s Botum Sakor National Park. This is an apparent bid to capitalise on the ongoing inflow of investment to ...

May Kunmakara
https://www.phnompenhpost.com/business/royal-group-planning-100sq-km-sez-botum-sakor-national-park

New $9M brickworks in Kampot

Kampot province has becomes the home of a new $9 million brickworks that was officially inaugurated on November 22. Equipped with state-of-the-art technology and an automated production line, the factory will be able to turn out 800,000 bricks per day in its initial phase, Kampot ...

Hin Pisei
https://www.phnompenhpost.com/business/new-9m-brickworks-kampot

Prakas on tax debt management issued

The Ministry of Economy and Finance on November 20 issued Prakas No 962 SHV BrK on Tax Debt Management. The new prakas sets forth rules and procedures relating to tax debt management and aims to ensure a more efficient, effective and transparent collection process. ...

Thou Vireak
https://www.phnompenhpost.com/business/prakas-tax-debt-management-issued

Trade fair scrapped over Covid-19 fears

The Ministry of Commerce on November 19 cancelled the 15th edition of the Cambodia Import-Export Goods Exhibition due to Covid-19 concerns. Originally scheduled to be held from December 15-18 at the Koh Pich Convention and Exhibition Centre on Phnom Penh’s Koh Pich island, the Kingdom’s ...

May Kunmakara
https://www.phnompenhpost.com/business/trade-fair-scrapped-over-covid-19-fears

Oddar Meanchey farmer steps on landmine

A farmer in his 40s was seriously injured after stepping on a mine on his property in O’Smach commune, in Oddar Meanchey province’s Samrong town on November 21. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/oddar-meanchey-farmer-steps-landmine

Over 110 garment factories close

A government official said on November 22 that at least 110 garment factories had closed in the first nine months of the year and left more than 55,000 workers without jobs – but union leaders worry those numbers could be much higher. ...

Mom Kunthear
https://www.phnompenhpost.com/national/over-110-garment-factories-close

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