The Phnom Penh Post
Regulator touts achievements of local stock market
The Cambodia Securities Exchange (CSX) continues to go from strength to strength, with the average trading value growing nearly five-fold from 2018 to 2019 to surpass $157,000, the latest report from the market regulator shows. ...
May Kunmakara
https://www.phnompenhpost.com/business/regulator-touts-achievements-local-stock-market
Rubber exports increase 17%
Cambodia exported 27,445 tonnes of rubber worth $40 million in the first month of the year, up 17 per cent compared to the same period last year, Ministry of Agriculture, Forestry and Fisheries official Khuon Phalla told The Post on Thursday. ...
Thou Vireak
https://www.phnompenhpost.com/business/rubber-exports-increase-17
Imports down over Covid-19
Shipments of goods between the Kingdom and China are declining amid the Covid-19 outbreak, according to local logistics experts. SHA Transport Express CEO Khut Saroeun told The Post that there has been a 10 per cent drop in import-export activity between the two economies. ...
Hin Pisei
https://www.phnompenhpost.com/national/imports-down-over-covid-19
Gov’t teams up with Sweden, Unicef to revamp education
The Ministry of Education, Youth and Sport on Wednesday launched the Quality and Inclusive Education Support Partnership, an initiative supported by Sweden and Unicef that aims to enhance access to education for children in the Kingdom, particularly from disadvantaged communities. Running from 2020 to 2023, the ...
Voun Dara
https://www.phnompenhpost.com/national/govt-teams-sweden-unicef-revamp-education
Illegal logging report disputed in Kampong Speu
Civil society organisation ACNCIPO director Chea Hean said on Thursday that he has discovered a resurgence of large-scale logging within areas of the South Cardamom Mountains in Kampong Speu province’s Oral district, a claim shot down by authorities. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/illegal-logging-report-disputed-kampong-speu
Ending violence against kids
The Ministry of Social Affairs, Veterans and Youth Rehabilitation on Wednesday launched a campaign to end violence against women and children with the support of Unicef. ...
Voun Dara
https://www.phnompenhpost.com/national/ending-violence-against-kids
Red-tape eliminated for agro-product exporters
The Ministry of Agriculture, Forestry and Fisheries has announced that rice exporters and agro-product exporters can now attain sanitary and phytosanitary certificates at one window service centres to streamline the process. The ministry’s decision was made after a Cambodia Rice Federation proposal last week. ...
Thou Vireak
https://www.phnompenhpost.com/national/red-tape-eliminated-agro-product-exporters
Government steps up to reach 2025 mine-free goal
Prime Minister Hun Sen has allowed the Cambodian Mine Action and Victim Assistance Authority (CMAA) also known as the Mine Authority to access funds to deploy 2,000 Royal Cambodian Armed Forces (RCAF) personnel in the humanitarian demining operation from 2020-2025. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/government-steps-reach-2025-mine-free-goal
H&M reassess strategy amid EBA withdrawal
Swedish fashion giant H&M Group said they were evaluating how the EU’s decision to withdraw one-fifth of the ‘Everything But Arms’ (EBA) scheme would impact their business and production strategy in Cambodia. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/hm-reassess-strategy-amid-eba-withdrawal
Crimes up with 211 deaths, influx of foreigners to blame
Minister of Interior Sar Kheng on Wednesday said crimes increased by eight per cent last year, resulting in 211 deaths. He revealed the figures during the ministry’s 2019 review and laid the blame for the increase on an influx of foreigners into the Kingdom. ...
Mech Dara
https://www.phnompenhpost.com/national/crimes-211-deaths-influx-foreigners-blame
Cambodia benefits from Japanese tech
Minister of Economy and Finance Aun Pornmoniroth has encouraged the Japanese-owned Kirirom Institute of Technology to seek more Japanese technology companies to aid the establishment of the Eco-Technology Park at the Kirirom resort in Kampong Speu province. ...
May Kunmakara
https://www.phnompenhpost.com/business/cambodia-benefits-japanese-tech
Koreans eyeing bank IPO
Korean investors are looking forward to investing in the local stock market as it prepares to welcome Acleda Bank Plc into its main board. With Acleda Bank, one of the largest banks in the Kingdom, scheduled to go public in upcoming weeks, hundreds of Korean businesspeople ...
May Kunmakara
https://www.phnompenhpost.com/business/koreans-eyeing-bank-ipo
Two summoned over Mondulkiri forest clearing
The Mondulkiri Provincial Court has summoned two suspects to appear in court over the alleged hiring of five villagers to clear forest land last week at the northeast biodiversity conservation corridor in Koh Nhek district. Provincial court spokesman Meas Bros told The Post that on February ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/two-summoned-over-mondulkiri-forest-clearing
CDC okays investments worth over $83 million
Ten investment projects worth $83.7 million were approved by the Council for the Development of Cambodia (CDC) this week, it said in a press release said on Tuesday. The projects are anticipated to create some 4,744 jobs. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-okays-investments-worth-over-83-million
School dropouts gain hope through Beep programmes
The ministries of Education; Labour and Vocational Training, and Unesco continue to collaborate on the four-year Basic Education Equivalency Programme (Beep) 2020-23 which has so far benefitted more than 2,000 school dropouts across the 15 provinces, of which nearly 30 per cent are female. ...
Voun Dara
https://www.phnompenhpost.com/national/school-dropouts-gain-hope-through-beep-programmes
Call for female bail review after prisoner’s baby dies
The Ministry of Interior’s General Department of Prisons spokesman Nuth Savna announced that it is conducting investigations into the death of a five-month-old baby who had been living with her mother in Correctional Centre II (Prey Sar). ...
Mech Dara
https://www.phnompenhpost.com/national/call-female-bail-review-after-prisoners-baby-dies
NCDM warns of extreme weather, need for action
A National Committee for Disaster Management (NCDM) report has warned of the danger of extreme weather in Cambodia and a need to take action. The NCDM’s first vice-president, Kun Kim, attributed 95 deaths to 336 rainstorms which hit 22 provinces in 2019. ...
Mech Dara
https://www.phnompenhpost.com/national/ncdm-warns-extreme-weather-need-action
Meng: FTA with China will help us forget EBA
The loss of trade preferences in Europe would be more than offset if Cambodia manages to enter a free trade agreement (FTA) with China, said Cambodian Chamber of Commerce (CCC) president Kith Meng. Meng on Tuesday said landing an FTA with the second-largest economy in the ...
Hin Pisei
https://www.phnompenhpost.com/business/meng-fta-china-will-help-us-forget-eba
PM: Economic growth hampered by Covid-19
Prime Minister Hun Sen on Tuesday reiterated that the Kingdom’s projected economic growth of 6.5 per cent will be hit hard by the Coronavirus outbreak, and not because of the EU’s partial withdrawal of the ‘Everything But Arms’ (EBA) scheme. ...
Niem Chheng
https://www.phnompenhpost.com/national-politics/pm-economic-growth-hampered-covid-19
GDT says revenues up 15% in January
The General Department of Taxation (GDT) collected about 956.76 billion riel ($239.19 million) in tax revenue in January, up 14.74 per cent compared to the same period last year. This is a positive step towards its target of collecting more than $2.885 billion by year’s end, ...
May Kunmakara
https://www.phnompenhpost.com/business/gdt-says-revenues-15-january
Tax-free brackets adjusted
The government has raised the tax-free bracket from 1.2 million riel (about $300) to 1.3 million (about $320) in a move to ensure civil servants due for raises this year are not subjected to income tax. A sub-decree signed by Prime Minister Hun Sen earlier this ...
Long Kimmarita
https://www.phnompenhpost.com/national/tax-free-brackets-adjusted
Chickens from Vietnam banned
Prime Minister Hun Sen has ordered Minister of Agriculture, Forestry and Fisheries Veng Sakhon to take action to prevent the spread of bird flu (H5N1) from Vietnam into the Kingdom as an outbreak of the disease plagues southern Vietnam. ...
Khorn Savi
https://www.phnompenhpost.com/national/chickens-vietnam-banned
Tax incentives offered to SMEs that register
Tax preferences have been offered to small and medium enterprises (SMEs) as incentives for encouraging informal ones to register and update business information. ...
Chea Vannak
https://www.khmertimeskh.com/50692394/tax-incentives-offered-to-smes-that-register
Village leader confesses to illegal logging allowances in Siem Reap
Banteay Srei district governor Khim Finan has issued fines of 12 million riel ($3,000) to 10 villages and a formal warning to a village chief for illegal logging in Skun village, Tbeng commune, Banteay Srei district, Siem Reap province. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/village-leader-confesses-illegal-logging-allowances-siem-reap