The Phnom Penh Post
CSX trade volume plummets 92 per cent in third quarter
Trade volume at the nascent Cambodia Securities Exchange (CSX) in the third quarter of this year was down 92.1 per cent on the second, the Securities Exchange Commission of Cambodia (SECC) Securities Trading Statistical Bulletin said on Tuesday. ...
May Kunmakara
https://www.phnompenhpost.com/business/csx-trade-volume-plummets-92-cent-third-quarter
Casino investment boosts Kingdom’s construction sector
Increasing casino investment has brought the construction sector to provinces along Cambodia’s borders, World Bank (WB) senior economist for Cambodia Ly Sodeth said on Wednesday. In the latest WB Cambodia Economic Update (CEU) report published on Wednesday, Sodeth said that the construction sector has boomed in Banteay ...
Thou Vireak
https://www.phnompenhpost.com/business/casino-investment-boosts-kingdoms-construction-sector
Subsidies spark cheaper energy
Cambodia plans to spend more than $100 million on subsidies by 2021 to reduce electricity tariffs in a move to spur economic growth and relieve the financial burden on businesses and households, a senior government official said. Electricite du Cambodge (EdC) director-general Keo Ratanak told reporters ...
Thou Vireak
https://www.phnompenhpost.com/business/subsidies-spark-cheaper-energy
$3 billion in reserve ahead of possible EBA withdrawal
The government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. ...
Thou Vireak
https://www.phnompenhpost.com/national-politics/3-billion-reserve-ahead-possible-eba-withdrawal
Gov’t to raise 20% more tax revenue
As part of efforts to achieve a sound macroeconomy, the government plans to increase the revenue raised from taxation and customs and excise by more than 20 per cent next year. The 2020 national budget law approved on Tuesday targets a 28.1 per cent increase in ...
May Kunmakara
https://www.phnompenhpost.com/business/govt-raise-20-more-tax-revenue
Century Plaza sellers wait for new area after order to move
Phnom Penh municipal governor Khuong Sreng instructed Por Sen Chey district authorities and Century Group not to stop vendors from selling goods around Century Plaza Market, which is marked for redevelopment. ...
Long Kimmarita
https://www.phnompenhpost.com/national/century-plaza-sellers-wait-new-area-after-order-move
Korea assists Cambodia on occupational safety
Cambodia and Korea have joined hands to study the legislation of occupational health and safety regulations for employees at factories and business enterprises. The project was initiated on Thursday at the Ministry of Labour and Vocational Training when Minister Ith Sam Heng met with Choi Heaeun, ...
Long Kimmarita
https://www.phnompenhpost.com/national/korea-assists-cambodia-occupational-safety
Further heritage aiming to join Lakhon Khol
As the Kingdom marks the first anniversary of the inscription of traditional Cambodian dance drama Lakhon Khol on Unesco’s cultural heritage list, the government is preparing to have 10 other forms of tangible and intangible heritage registered with the UN body. ...
Khorn Savi
https://www.phnompenhpost.com/national/further-heritage-aiming-join-lakhon-khol
Photo of pupils learning outside prompts action
Prime Minister Hun Sen on Thursday ordered National Committee for Disaster Management first vice-president Kun Kim to visit O’Chunh Primary School in Teuk Kraham commune’s Sen Rung Roeung I village in Choam Ksan district, Preah Vihear province, after images of students studying in tents went ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/photo-pupils-learning-outside-prompts-action
Institute unveils project to tackle waste crisis
The Global Green Growth Institute (GGGI) yesterday held a presentation in front of local authorities on a project that aims to tackle the waste crisis Cambodia is facing. ...
Poovenraj Kanagaraj
https://www.khmertimeskh.com/50665270/institute-unveils-project-to-tackle-waste-crisis/
Event tackles MSME sector’s woes
Micro, small- and medium-sized enterprises (MSMEs) continue to play an important role in supporting the Kingdom’s economic growth, with stakeholder engagement required in tackling certain challenges, Ministry of Industry and Handicraft official Chhea Layhy said on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/event-tackles-msme-sectors-woes
Ministry: Construction workers must upskill
Ministry of Labour and Vocational Training official Teang Sak on Wednesday urged the private sector to work with the government in improving the skills of workers to meet the needs of the fast-growing construction sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-construction-workers-must-upskill
Dengue, malaria eradication eyed in Prey Lang area
The Ministry of Environment is committed to eliminating malaria and other vector-borne diseases from the natural protected area in Prey Lang Wildlife Sanctuary by 2025. This is in line with the National Strategic Plan for Elimination of Malaria 2011-2025. ...
Ry Sochan
https://www.phnompenhpost.com/national/dengue-malaria-eradication-eyed-prey-lang-area
Authorities on hunt for illegal timber suspect
Authorities are on the hunt for a man who escaped custody on Tuesday after being arrested for allegedly transporting luxurious timber in Keo Seima Wildlife Sanctuary. The suspect was detained by environmental rangers at the Keo Seima Wildlife sanctuary headquarters on Monday but ran off into ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/authorities-hunt-illegal-timber-suspect
Sustainable development discussed at urban forum
The Ministry of Land Management, Urban Planning and Construction, in cooperation with UN Cambodia, held the Cambodia Urban Forum for the first time on Wednesday to identify priorities towards smart, sustainable and inclusive urban development in Cambodia. ...
Voun Dara
https://www.phnompenhpost.com/national/sustainable-development-discussed-urban-forum
World Bank: Growth at 7% for this year
Cambodia’s economy remained robust, underpinned by solid export performance and strong domestic demand, even as real growth is expected to decelerate to 7.0 per cent this year from 7.5 per cent last year, the latest World Bank Cambodia Economic Update said on Wednesday. ...
Thou Vireak
https://www.phnompenhpost.com/business/world-bank-growth-7-year
Parties urged to resolve dispute over construction disturbance
The 20 families had filed a complaint with the authorities against Company China Construction, which was legally authorised to build a 52-storey building in Chamkarmon district’s Tonle Bassac commune in Phnom Penh. ...
Long Kimmarita
https://www.phnompenhpost.com/national/parties-urged-resolve-dispute-over-construction-disturbance
US investors look into tourism opportunities in Cambodia
US investors are eyeing opportunities in Cambodia’s tourism sector, while the number of US visitors in the country remained low and is declining, said the Ministry of Tourism. Data from the Ministry of Tourism said US visitors who travelled to the Kingdom accounted for only 3.7 ...
Thou Vireak
https://www.phnompenhpost.com/business/us-investors-look-tourism-opportunities-cambodia
Tuol Kork special needs teachers resign
Two Tuol Kork Primary School teachers who taught students with special needs tendered their resignation, citing low salaries and not being recognised by the Ministry of Education, Youth and Sport as the reasons. ...
Khorn Savi
https://www.phnompenhpost.com/national/tuol-kork-special-needs-teachers-resign
Battambang man being treated after losing arm to UXO
A 38-year-old man lost his arm when after he accidentally detonated an anti-tank mine while operating a paddy rice cutter in Chouk Chey, O’Beichoan commune in O’Chrov district, Banteay Meanchey province on Monday afternoon. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/battambang-man-being-treated-after-losing-arm-uxo
Channy: Banking will stay strong, with or without EBA
Association of Banks in Cambodia president In Channy on Tuesday said the Kingdom’s banking sector will remain strong and not be directly affected by the potential suspension of its access to the EU’s “Everything But Arms” (EBA) trade agreement. ...
May Kunmakara
https://www.phnompenhpost.com/business/channy-banking-will-stay-strong-or-without-eba
Kingdom’s rice sector faces lack of capital
A lack of working capital has remained a challenge for the Kingdom’s rice industry and has impeded rice export growth for years, industry insiders said. The comments were made at a meeting between the state-owned Rural Development Bank (RDB) and the Cambodia Rice Federation (CRF) on ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdoms-rice-sector-faces-lack-capital
Amendments to Law on Trade Unions passes NA unchanged
The National Assembly on Tuesday unanimously approved the draft law on amendments to 10 articles of the Law on Trade Unions without making any changes – a move that some unions said failed to address workers’ concerns. Reading a prepared statement during the plenary session ...
Mech Dara
https://www.phnompenhpost.com/national/amendments-law-trade-unions-passes-na-unchanged
Inter-ministry committee clears draft access to information bill
The inter-ministry committee finalised its review of the draft bill on access to information on Friday and plans to submit it to the Council of Ministers in January before it is sent to the National Assembly. ...
Voun Dara
https://www.phnompenhpost.com/national/inter-ministry-committee-clears-draft-access-information-bill