The Phnom Penh Post

One dead, 27 collapse at factory in Dangkor

In the country’s latest mass fainting episode, one garment worker died after inhaling what authorities suspect to have been toxic fumes and 27 others collapsed at the Taiwanese-owned Accasette Garment factory in Phnom Penh’s Dangkor district on Wednesday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/one-dead-27-collapse-factory-dangkor

NGOs under close watch for bias

The Ministry of Interior yesterday warned human rights groups that they are being closely watched for alleged bias towards the opposition CNRP, in a startling move targeting some of the country’s most prominent local NGOs. Ministry of Interior (MoI) spokesman Khieu Sopheak confirmed yesterday that ...

Andrew Nachemson and Niem Chheng
http://www.phnompenhpost.com/national/ngos-under-close-watch-bias

Affordable Amazonian paradise for the masses

The resort and housing complex, which has only recently started construction, is located in Dangkao district’s Kong Noy commune, making it an 18-kilometre journey from Wat Phnom in Phnom Penh. ...

Vandy Muong
http://www.phnompenhpost.com/post-property/affordable-amazonian-paradise-masses

Home loans fast gaining traction

Acleda Bank has provided $40 million to customers in the form of housing loans since the start of 2017, marking a growing trend of home loans being taken out across the country. ...

Siv Meng
http://www.phnompenhpost.com/post-property/home-loans-fast-gaining-traction

Construction remains strong growth driver for Cambodia

Investment in Cambodia’s real estate and construction industry now stands at $4 billion, according to data from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC). ...

Siv Meng
http://www.phnompenhpost.com/post-property/construction-remains-strong-growth-driver-cambodia

Non-aligned? Cambodia is neutral: Sokhonn

The minister of foreign affairs maintained yesterday that Cambodia is not allied with China, stating that the Kingdom is “neutral”, despite an apparent diplomatic shift towards the nascent superpower and away from the West. Minister Prak Sokhonn told a crowd of over 200 students at the ...

Touch Sokha
http://www.phnompenhpost.com/national/non-aligned-cambodia-neutral-sokhonn

Total lightning deaths lower so far this year

Rainstorms and lightning strikes killed a combined 43 people and injured 79, while damaging 2,735 homes in the first five months of the year, according to a report by the National Committee for Disaster Management. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/total-lightning-deaths-lower-so-far-year

Thirteen more White Building families accept compensation

The Ministry of Land Management yesterday convinced another 13 White Building families to accept compensation packages and vacate the site ahead of a major redevelopment project, leaving just 28 holdouts who continue to reject the terms. ...

Kong Meta
http://www.phnompenhpost.com/national/thirteen-more-white-building-families-accept-compensation

Korean chain Lotteria opens fifth local branch

South Korean food chain Lotteria, operated locally by Yinkok Food Corp, has expanded in Phnom Penh with its fifth branch opening in Dem Tkov market, according to a local media report yesterday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/korean-chain-lotteria-opens-fifth-local-branch

Suits filed over ponzi schemes

Nearly 7,500 Cambodians who have fallen victim to ponzi schemes have come forward to file class-action lawsuits against three companies that allegedly cheated them out of nearly $60 million, officials said yesterday, estimating that the companies may have defrauded as many 50,000 victims to the ...

Hor Kimsay
http://www.phnompenhpost.com/business/suits-filed-over-ponzi-schemes

Questions raised over garment statistics

While Cambodia’s garment sector exhibited solid growth last year, employment levels declined, raising concerns about a potential rise in unregulated subcontracting, the International Labour Organization (ILO) said in a report released yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/questions-raised-over-garment-statistics

Profits sink in Q1 for capital industrial park

Listed industrial park operator Phnom Penh SEZ reported revenue of $1.46 million for the first quarter of 2017, a decline of $1.72 million, or nearly 54 percent, compared with the same period last year, according to a filing yesterday on the Cambodia Securities Exchange. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/profits-sink-q1-capital-industrial-park

Top Papua New Guinea bank to enter local asset market

Bank South Pacific (BSP), Papua New Guinea’s largest bank, signed a joint venture deal with RMA Cambodia to enter the Cambodian asset finance market, according to a media report yesterday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/top-papua-new-guinea-bank-enter-local-asset-market

Bars to resist two-day ban on alcohol around commune elections

Local bars and restaurants have balked at a government directive that bans the sale or consumption of alcohol this weekend in a move ostensibly aimed at preventing civil disorder and unrest during commune elections. ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/bars-resist-two-day-ban-alcohol-around-commune-elections

Homes, crops affected in northwest flooding

Five days of rain wreaked havoc in Cambodia’s northwest, with hundreds of hectares of crops affected in Pailin province and heavy flooding in Banteay Meanchey’s Poipet town. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/homes-crops-affected-northwest-flooding

Makro breaks ground on capital’s first wholesale retail warehouse

Makro Cambodia, the local arm of international cash-and-carry wholesaler Makro, held a groundbreaking ceremony yesterday for construction of its first outlet in the Kingdom, which is expected to launch operations in December. ...

Hor Kimsay
http://www.phnompenhpost.com/business/makro-breaks-ground-capitals-first-wholesale-retail-warehouse

Livelihood incentive for workers as industrial park enters JV

Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...

Hanamariya Halim
http://www.phnompenhpost.com/post-property/livelihood-incentive-workers-industrial-park-enters-jv

Training centre to help locals climb ladder at garment firms

The Garment Manufacturer Association of Cambodia (GMAC) will launch its new vocational training centre next month, providing courses aimed at upgrading the skills of Cambodian workers in a bid to replace the middle-management positions currently occupied predominantly by foreigners. ...

Hor Kimsay
http://www.phnompenhpost.com/business/training-centre-help-locals-climb-ladder-garment-firms

Pi Pay goes cashless with app

Cash may be king in Cambodia, but Pi Pay Asia is banking on rising smartphone penetration and an arsenal of digital payment solutions to help dethrone it.The company’s soon-to-be-released mobile-phone application provides a one-stop platform for cashless transactions, digital money transfers and e-wallet solutions, while ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/pi-pay-goes-cashless-app

Smart posts Q1 growth despite stiff competition

Cambodian telecom Smart Axiata retained healthy growth in the first quarter, with revenue rising 17 percent year-on-year to 318,000,000 ringgit ($74.5 million), fuelled by data monetisation and effective cost management despite aggressive price competition by other telecommunication players, according to financials released by Malaysian parent ...

Post Staff
http://www.phnompenhpost.com/business/smart-posts-q1-growth-despite-stiff-competition

Government unveils portal for trademark registration

The Ministry of Commerce launched an online trademark registration gateway yesterday, allowing local and foreign individuals and firms to register their trademarks in Cambodia to protect them against infringement. ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-unveils-portal-trademark-registration

Garment exports surge up EU list

Cambodia’s garment manufacturing industry has eclipsed rival Vietnam as a supplier of products to the European Union and is on course to overtake India, a visiting industry insider said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/garment-exports-surge-eu-list

Trade fair fees reduced for local garment firms

Germany-based apparel industry trade fair organiser Messe Frankfurt France signed a memorandum of understanding with the Garment Manufacturers Association in Cambodia yesterday to offer discounted exhibitor fees to Cambodian manufacturers in a deal valued at €400,000 ($450,000). ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/trade-fair-fees-reduced-local-garment-firms

Mekong bridge construction gets underway

A bridge being constructed over the Mekong River will connect the provinces of Kampong Cham and Tboung Khmum once completed.Nou Vannak, director of the Ministry of Public Works and Transport’s technical department, told Post Property that construction works had recently started, however no official announcement ...

Siv Meng
http://www.phnompenhpost.com/post-property/mekong-bridge-construction-gets-underway

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