The Phnom Penh Post

Financial leniency urged for buyers of boreys, condos

The government on March 22 issued a plea to developers of borey gated-communities and condominiums in Cambodia to ease some of the financial pressure facing customers to pay monthly installments until the end of March 2022, in light of the Covid-19 pandemic. ...

Hin Pisei
https://www.phnompenhpost.com/business/financial-leniency-urged-buyers-boreys-condos

60MW solar station in Battambang hooked to grid

A 60MW solar power station in northern Battambang province was commissioned and connected to the national grid last week. The solar farm is located in southwestern Thma Koul district’s Anlong Run commune and is invested by Shenzhen-listed Risen Energy Co Ltd. ...

Thou Vireak
https://www.phnompenhpost.com/business/60mw-solar-station-battambang-hooked-grid

WWF Cambodia, ministry set to celebrate Earth Hour on Mar 27

The Ministry of Environment and World Wide Fund for Nature (WWF-Cambodia) will this year take to social media to celebrate Earth Hour under the theme “Love Nature”.  Environment ministry spokesperson Neth Pheaktra said the ministry would not hold a public gathering to celebrate the event ...

Mom Kunthear
https://www.phnompenhpost.com/national/wwf-cambodia-ministry-set-celebrate-earth-hour-mar-27

Warship on track for April salvage

If nothing changes, the team searching for unexploded ordnance (UXO) in the warship which was sunk in the Mekong River in Meanchey commune’s Veal village of Kampong Cham province’s Srei Santhor district during the Cambodian civil war in the 1970s, would be completed in late ...

Nov Sivutha
https://www.phnompenhpost.com/national/warship-track-april-salvage

Koh Kong demands sanctuary creek fix

Koh Kong provincial officials have ordered local developer Leang Him to remove soil she used to illegally fill in a creek and mangrove forest in Peam Krasaop Wildlife Sanctuary in Mondul Seima district. Local authorities said the instructions were followed after Leang received an administrative ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/koh-kong-demands-sanctuary-creek-fix

Inclusion guide to aid 1.7M poor

The much-anticipated Inclusive Business Enabling Environment for Cambodia (IbeeC) strategy will be adopted soon to meet the needs of 1.7 million poor and low-income Cambodians by 2023, a wide-ranging virtual meeting conducted by the Ministry of Industry, Science, Technology and Innovation heard on March 18. ...

Thou Vireak
https://www.phnompenhpost.com/business/inclusion-guide-aid-17m-poor

SME gets in-principle nod for IPO

The Cambodia Securities Exchange (CSX) approved in principle the listing eligibility of a privately-owned small and medium-sized enterprise (SME) on its Growth Board, CSX vice-chairman Ha Jong-weon told The Post on March 22. ...

May Kunmakara
https://www.phnompenhpost.com/business/sme-gets-principle-nod-ipo

Bovine use in farm work falls

The increasing adoption of machinery in Cambodia drove down the use of bovines as draught power in the agricultural sector to below one per cent last year, a trend a senior official at the Ministry of Agriculture, Forestry and Fisheries believes will extend into the ...

Hin Pisei
https://www.phnompenhpost.com/business/bovine-use-farm-work-falls

ARDB seeks $30M more for SME loans

Agriculture and Rural Development Bank of Cambodia (ARDB) expects to receive an additional $30 million from the government for special-purpose loans to keep the Kingdom’s smaller businesses afloat amid the ongoing economic duress of Covid-19, according to the state-owned bank’s director-general Kao Thach. ...

Thou Vireak
https://www.phnompenhpost.com/business/ardb-seeks-30m-more-sme-loans

Officials probe death of wild birds at Prey Veng sanctuary

Experts from the Prey Veng provincial Department of Environment are searching for and collecting dead wild birds in the Tuol Porn Taley Boeung Sne conservation area to determine the cause of death after villagers and local authorities reported that hundreds of birds had died for ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/officials-probe-death-wild-birds-prey-veng-sanctuary

Centuries-old trees to be preserved

After the discovery of about 100 large, centuries-old trees in Keo Seima wildlife sanctuary in Mondulkiri province, Ministry of Environment officials and rangers have set up protection and conservation measures to protect. ...

Kim Sarom
https://www.phnompenhpost.com/national/centuries-old-trees-be-preserved

Report reveals snags for women, youth on path to leadership roles

Transparency International (TI) Cambodia on March 19 released a survey report on the challenges of women and youth in leadership roles in Cambodia. The report recommended the government, NGOs, relevant ministries and institutions to promote women and youth in decision-making positions. ...

Niem Chheng
https://www.phnompenhpost.com/national/report-reveals-snags-women-youth-path-leadership-roles

‘Allied action required for digital shift’

Cambodia continues to face a multitude of challenges as digital payments and solutions graduate from a niche business to a key segment in the Kingdom’s development strategy, according to National Bank of Cambodia (NBC) assistant governor Chea Serey on March 17. ...

May Kunmakara
https://www.phnompenhpost.com/business/allied-action-required-digital-shift

Worldbridge, Singapore’s Union Gas set to form joint venture, supply LPG in Kingdom

Singapore-listed Union Gas Holdings Ltd has signed a non-binding letter of intent (LoI) with Worldbridge Industrial Developments Co Ltd (WBID) to form a joint venture company (JVCo) to supply and distribute liquefied petroleum gas (LPG) in the Kingdom. ...

Thou Vireak
https://www.phnompenhpost.com/business/worldbridge-singapores-union-gas-set-form-joint-venture-supply-lpg-kingdom

PPAP to reorganise LM17 terminal, sets new container rules

The stock-listed Phnom Penh Autonomous Port (PPAP) is set to give the LM17 container terminal just east of the capital a much-needed layout overhaul to relieve congestion. The river-port operator said this in a March 3 statement signed by director-general Hey Bavy and released to ...

Thou Vireak
https://www.phnompenhpost.com/business/ppap-reorganise-lm17-terminal-sets-new-container-rules

Environment ministry, CYN launch ‘Forest Restoration' campaign

The Ministry of Environment, relevant institutions and the Cambodian Youth Network (CYN) on March 21 launched an online Cambodian forest projection campaign to celebrate World Forest Day under the theme “Forest Restoration” to show the public the importance of forests for mankind. ...

Lay Samean
https://www.phnompenhpost.com/national/environment-ministry-cyn-launch-forest-restoration-campaign

CDC approves eight projects so far in March

Cambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC). ...

Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-eight-projects-so-far-march

Tax revenue from casino sector drops

Tax revenue from Cambodia’s casino industry cratered in 2020 as Covid-19 prompted the government to tighten entry restrictions, limiting the number of international visitors to the Kingdom, according to a Ministry of Economy and Finance senior official on March 21. ...

May Kunmakara
https://www.phnompenhpost.com/business/tax-revenue-casino-sector-drops

BAKC inks MoU for victimised women

The Bar Association of the Kingdom of Cambodia (BAKC) will work with Cambodia National Council for Women to provide legal defence services and train enforcement officials in relevant laws. ...

Voun Dara
https://www.phnompenhpost.com/national/bakc-inks-mou-victimised-women

Preah Vihear villagers seek solution to ‘encroachment’

Around 230 families from three villages in Romtom commune of Preah Vihear province’s Rovieng district said they are worried about the continued encroachment on their farmland by three companies which have licences for gold mining and agricultural in the area. ...

Long Kimmarita
https://www.phnompenhpost.com/national/preah-vihear-villagers-seek-solution-encroachment

Six illegal logging tractors seized

Svay Leu district forestry administration office in Siem Reap province has given a month’s notice to the owners of homemade tractors impounded last week for transporting illegal timber. Authorities warned that if no action was taken the administration would take the case to court. ...

Nov Sivutha
https://www.phnompenhpost.com/national/six-illegal-logging-tractors-seized

20K tonnes of fish left unsold

President of the Cambodian Aquaculturist Association (CAA) has requested that relevant ministries find a solution to the more than 20,000 tonnes of aquaculture fish left unsold as imports flood the market. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/20k-tonnes-fish-left-unsold

GDT firm on March 31 tax deadline

General Department of Taxation (GDT) director-general Kong Vibol refused to budge on a March 31 deadline to file tax on income (ToI) for fiscal year 2020 despite the economic pressure on the business community caused by the Covid-19 pandemic. ...

May Kunmakara
https://www.phnompenhpost.com/business/gdt-firm-march-31-tax-deadline

Tobacco exports trail off in 2020

Cambodia exported more than 5.8 thousand tonnes of dried tobacco leaves worth more than $17 million to nine countries last year, marking a 14 per cent and 28 per cent decline in volume and value, respectively, over 2019. ...

Thou Vireak
https://www.phnompenhpost.com/business/tobacco-exports-trail-2020

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