The Phnom Penh Post

UK to maintain Cambodia’s duty-free access

The British government has attempted to assuage the fears of least developed countries (LDCs) including Cambodia by assuring them that they will retain their trade privileges to the United Kingdom following the country’s exit from the European Union ...

Kali Kotoski
http://www.phnompenhpost.com/business/uk-maintain-cambodias-duty-free-access

Capital’s new governor arrives swinging

Khoung Sreng was sworn in as the new governor of Phnom Penh yesterday, wasting little time before sending a warning that he will act against “ill-intentioned” people in the city, with Interior Minister Sar Kheng pledging at the event that recent commune election successes of ...

Mech Dara and Ananth Baliga
http://www.phnompenhpost.com/national/capitals-new-governor-arrives-swinging

GDT officials work on tax treaty with Hong Kong

Cambodian tax officials met with their counterparts in Hong Kong last week as part of the first round of discussions for drafting a double taxation agreement (DTA) aimed at preventing dual taxation and fiscal evasion, the General Department of Taxation (GDT) said yesterday in a ...

Hor Kimsay
http://www.phnompenhpost.com/business/gdt-officials-work-tax-treaty-hong-kong

News outlet links officer to illegal timber trade

National Military Police spokesman Eng Hy said legal action is being “considered” after a news outlet published a report linking the force’s commander, Sao Sokha, to the illegal timber trade. ...

Phak Seangly
http://www.phnompenhpost.com/national/news-outlet-links-officer-illegal-timber-trade

QR codes could prove to be a digital alternative to cash for Cambodia

Global payments giant Visa is the first international financial firm to announce the roll out of a payment solution in Cambodia for quick response codes, or QR codes, those pixelated black and white squares designed to be read by a smartphone camera that have begun ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/qr-codes-could-prove-be-digital-alternative-cash-cambodia

Government eyeing low-cost housing

An estimated 7.9 million people in Cambodia will be living in urban areas by 2030, up from 4.5 million in 2014, with officials at a forum on national housing yesterday announcing ambitious plans to meet the demand for some 55,000 affordable new homes each year. ...

Touch Sokha and Yesenia Amaro
http://www.phnompenhpost.com/national/government-eyeing-low-cost-housing

Corrupt officials admit selling government land for profit

The head of the Preah Vihear Provincial Department of Mines and Energy admitted to illegally selling a plot of government land for $62,400 in profit at the Phnom Penh Municipal Court yesterday, but called for a lighter sentence, claiming he used the money to help ...

Niem Chheng
http://www.phnompenhpost.com/national/corrupt-officials-admit-selling-government-land-profit

Report warns on pier project

The Kampot Pier Project – a $10 million effort to attract tourists by building a passenger pier – could harm communities due to insufficient consultation, a new NGO report and community representatives claim. ...

Leonie Kijewski and Yon Sineat
http://www.phnompenhpost.com/national/report-warns-pier-project

Government OKs four firms for local mineral mining

The Ministry of Mines and Energy announced that it has granted licenses to four different mining companies to explore for potential mineral resources in Kratie, Kampong Thom, Mondulkiri and Kampot. ...

Post Staff
http://www.phnompenhpost.com/business/government-oks-four-firms-local-mineral-mining

Central shared switch due to launch in July

The central bank hopes to launch its central shared switch mechanism next month after a trial run that has already connected the account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem, according to ...

Hor Kimsay
http://www.phnompenhpost.com/business/central-shared-switch-due-launch-july

Cassava prices hit a new low

Cassava prices in Cambodia experienced a sharp drop this month leading to heavy losses for smallholder farmers unable to quickly switch to more profitable crops and recoup their mounting losses, a provincial agriculture official said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/cassava-prices-hit-new-low

Flexibility measures weighed for CSX

Cambodia’s capital market regulator will meet soon to discuss a proposal to permit market orders for trading stocks on the Kingdom’s bourse, a move that would give investors more flexibility when buying or selling shares, officials have said. ...

Brian Ng
http://www.phnompenhpost.com/business/flexibility-measures-weighed-csx

Government hopes to extend controversial drug war

National Authority for Combating Drugs (NACD) President Ke Kim Yan announced his intention to extend Cambodia’s anti-drug campaign yesterday, nearly six months and more than 8,000 arrests since the controversial crackdown began. ...

Kong Meta and Martin de Bourmont
http://www.phnompenhpost.com/national/government-hopes-extend-controversial-drug-war

Pros and cons of China’s Belt and Road plan

Cambodia has been a vocal supporter of the BRI since the initiative’s conception in 2013. The BRI will offer a new framework of cooperation between Cambodia and her neighbours, through the increased connectivity that will arise in the region once the work on the improved ...

Samithi Sok
http://www.khmertimeskh.com/news/39680/pros-and-cons-of-china---s-belt-and-road-plan/

Smooth sailing for port’s IPO

Earlier this month Sihanoukville Autonomous Port (PAS) became the fifth listed firm on the Cambodian Securities Exchange (CSX) following an initial public offering that raised $27 million. The Post’s Brian Ng sat down with Shuzo Shikata, CEO of SBI Royal Securities (SBIR), the sole underwriter ...

Brian Ng
http://www.phnompenhpost.com/business/smooth-sailing-ports-ipo

Phnom Penh acquires two new deputy governors

The government has tapped two officials to become new deputy governors in Phnom Penh, including former Pursat Provincial Deputy Governor Keut Che, and Nuon Pharath, a staffer at the Council of Ministers with close ties to the youth organisation led by the premier’s youngest son. ...

Mech Dara
http://www.phnompenhpost.com/national/phnom-penh-acquires-two-new-deputy-governors

Big wildlife bust yields 300 kilos in Kampong Chhnang

Kampong Chhnang provincial authorities on Saturday intercepted and seized a truck loaded with 300 kilograms of live snakes and tortoises, though the wildlife traders managed to escape, a provincial Forestry Administration official said yesterday.​ ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/big-wildlife-bust-yields-300-kilos-kampong-chhnang

NBC, South Korea team up for research

The central banks of Cambodia and South Korea signed an agreement on Friday to jointly conduct research and analyse the relationship between exchange rates and inflation in the Cambodian economy, according to bank officials. ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-south-korea-team-research

Sar Kheng says official held in Thailand avoided checkpoint, vows arms probe

Interior Minister Sar Kheng has vowed an investigation into an alleged arms trafficking operation linked to a Cambodian official, saying information from suspects indicated the guns were smuggled via a “corridor” in Cambodia’s Koh Kong province into Thailand and did not pass through the international ...

Mech Dara and Shaun Turton
http://www.phnompenhpost.com/national/sar-kheng-says-official-held-thailand-avoided-checkpoint-vows-arms-probe

New rules for digital payments

The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...

Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments

Ministry to examine passport fees for Malaysia migrants

The Ministry of Foreign Affairs will investigate exorbitant passport fees for migrant workers in Malaysia, the ministry’s spokesman said late last week, following an investigation by The Post that found Cambodians in the country were forced to pay up to $800 for renewals. ...

Leonie Kijewski
http://www.phnompenhpost.com/national/ministry-examine-passport-fees-malaysia-migrants

Fresh Mart to become retail fresh food hub

Cambodia-based integrated food-distribution company Hun Ty plans to open its own retail fresh-food market next month and will increase its cold storage and food-distribution business by opening two additional locations in the Kingdom, a company executive said yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/fresh-mart-become-retail-fresh-food-hub

1,000 Phnom Kulen families to be relocated

A group of about 1,000 families living in Siem Reap province’s Phnom Kulen National Park will be relocated to prevent them from continuing an environmentally detrimental trend of clearing land, building homes, selling and repeating, the environment minister said on Thursday. ...

Aun Pheap
https://www.cambodiadaily.com/news/1000-phnom-kulen-families-to-be-relocated-131679/

Suspected US aircraft bomb found in Takeo

A 350-kg M117 aircraft bomb believed to have been dropped during the US’s carpet bombing of Cambodia was uncovered in Takeo province’s Tram Kak district yesterday by local residents, an official said.   ...

Jovina Chua
http://www.phnompenhpost.com/national/suspected-us-aircraft-bomb-found-takeo

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