The Phnom Penh Post

China to donate new infectious disease lab

Cambodia and China inked a deal yesterday to build a new communicable disease control facility in the Kingdom for the country to expand its capacity to detect and respond to communicable disease outbreaks, such as Zika and Ebola, in a timely fashion. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/china-donate-new-infectious-disease-lab

Kampong Speu pond digging unearths 350kg bomb

The Cambodian Mine Action Centre yesterday retrieved and neutralised a massive M117 bomb from Kampong Speu province’s Prek Kmeng commune, and safely detonated four smaller bombs found in Preah Sihanouk province on the same day. ...

Khouth Sophak Chakrya and Ananth Baliga
http://www.phnompenhpost.com/national/kampong-speu-pond-digging-unearths-350kg-bomb

Moody’s maintains sovereign debt rating

Global credit rating agency Moody’s Investors Services has maintained Cambodia’s B2/stable sovereign rating, stating in its latest credit opinion on the Cambodian government that the rating was underpinned by the Kingdom’s credit strengths, specifically its healthy growth prospects and a stable external payments position. ...

Hor Kimsay
http://www.phnompenhpost.com/business/moodys-maintains-sovereign-debt-rating

Court plans to probe Mondulkiri logging claims

The Mondulkiri Provincial Court is preparing to investigate accusations that Cambodian border officials last month knowingly allowed seven Vietnamese loggers to illegally fell trees in the Keo Seima Wildlife Sanctuary, a court official said yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/court-plans-probe-mondulkiri-logging-claims

Brokers trading without licences

The Securities and Exchange Commission of Cambodia (SECC) has made slow progress in reining in unlicensed operations since issuing its first derivatives trading licence nearly a year ago. To date, only six licences have been issued, while at least as many unlicensed firms continue to ...

Kali Kotoski
http://www.phnompenhpost.com/business/brokers-trading-without-licences

Local startup is selected for fintech accelerator program

A Cambodian startup was selected to take part in Startupbootcamp’s three-month fintech accelerator program in Singapore, becoming the second firm from the Kingdom to join the international program in as many years. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-startup-selected-fintech-accelerator-program

Twelve parties register for commune election

Twelve parties had registered for the June commune elections as of Saturday evening – one day before the deadline – with a National Election Committee spokesman yesterday saying no further parties were believed added on the last day. ...

Lay Samean
http://www.phnompenhpost.com/national/twelve-parties-register-commune-election

Church underpins Cambodia-Vietnam ties

For decades, political and economic upheaval in Southeast Asia separated ethnic Vietnamese communities in the United States from those in Asia, as their lives followed radically divergent trajectories. ...

Cristina Maza
http://www.phnompenhpost.com/national/church-underpins-cambodia-vietnam-ties

MFI credit firm to push deeper into Cambodia

Micro-Credit Ratings International Ltd (M-CRIL), an Indian provider of rating and advisory services to the microfinance industry, has secured a $1.5 million equity investment agreement from the Asian Development Bank (ADB) to push into emerging markets including Cambodia, the ADB said in an announcement last ...

Post Staff
http://www.phnompenhpost.com/business/mfi-credit-firm-push-deeper-cambodia

Hitachi forms joint venture with CMED

Japan’s Hitachi Ltd has officially entered into a joint venture partnership with the local construction company CMED Group Co Ltd, aimed at expanding its sales, installation and maintenance services for elevators and escalators throughout the Kingdom, the company announced on Friday. ...

Post Staff
http://www.phnompenhpost.com/business/hitachi-forms-joint-venture-cmed

A few hurdles still block path to joining global value chains

The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at ...

Kali Kotoski
http://www.phnompenhpost.com/business/few-hurdles-still-block-path-joining-global-value-chains

BRED bank to carve out a niche in the market

Bred Banque Populaire – part of the second-largest banking group in France – officially launched operations in Cambodia yesterday after a ribbon-cutting ceremony at its headquarters, marking the first venture of a European bank in the Kingdom since the late 1990s. ...

Hor Kimsay
http://www.phnompenhpost.com/business/bred-bank-carve-out-niche-market

PM pledges funding for embassy cars

Foreign Affairs Minister Prak Sokhonn said yesterday that the Cambodian embassies and consulates abroad lack sufficient financial resources, with Prime Minister Hun Sen immediately promising $2 million for the ministry to upgrade embassies’ motor pools – albeit within reason, he cautioned. ...

Touch Sokha
http://www.phnompenhpost.com/national/pm-pledges-funding-embassy-cars

Gov’t agro production project nets $36.3M

The Ministry of Economy and Finance secured a $36.3 million concessionary loan from the UN’s International Fund for Agricultural Development (IFAD) program aimed at accelerating the production of small-scale agricultural products including rice, vegetables, potatoes, silk and livestock, according to a ministry release yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/govt-agro-production-project-nets-363m

Cultivation of cassava still firmly rooted

Cambodian farmers continue to expand cassava cultivation despite falling commercial prices for the crop and low international trade volumes, new data from the Ministry of Agriculture show. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/cultivation-cassava-still-firmly-rooted

Fire razes more than 40 homes near river

More than 40 houses burned down in a fire in a Daun Penh district slum last night, although Phnom Penh officials reported no injuries or deaths. ...

Kim Sarom and Mech Dara
http://www.phnompenhpost.com/national/fire-razes-more-40-homes-near-river

PM calls out US again for bombs

Cambodian Prime Minister Hun Sen yesterday used a speaking slot at a children’s rights conference to once again castigate the United States, urging the UN to “increase its volume” in condemning the US for dropping bombs that maimed and killed children.​ ...

Touch Sokha and Erin Handley
http://www.phnompenhpost.com/national/pm-calls-out-us-again-bombs

New ultimatum from city in OCIC dispute

City Hall issued another deadline yesterday to land disputants affected by a satellite city development on Chroy Changvar, telling them to voluntarily part with 90 percent of their land or risk losing it all. ...

Touch Sokha
http://www.phnompenhpost.com/national/new-ultimatum-city-ocic-dispute

‘Grand corruption’ drives perceptions

Transparency International (TI) released their Global Corruption Barometer yesterday, revealing that in recent years, Cambodian citizens’ personal experience with corruption has gone down, while their perception of its prevalence has gone up. ...

Andrew Nachemson
http://www.phnompenhpost.com/national/grand-corruption-drives-perceptions

KrisEnergy to consider selling stake in Block A

Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/krisenergy-consider-selling-stake-block

Kingdom a one-man show, report asserts

It’s a mistake to consider Cambodia a nation under authoritarian rule by a single party; it comes down to a single man – Prime Minister Hun Sen, a new paper argues. ...

Erin Handley
http://www.phnompenhpost.com/national/kingdom-one-man-show-report-asserts

Meat imports rack up $100M tab

Cambodians spent over $100 million on imported meat last year, further widening the gap of domestic supply as local producers failed to capture the lucrative protein market, a government official said yesterday. ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/meat-imports-rack-100m-tab

Mining revenue rises on improved collection

The Ministry of Mines and Energy collected $20.3 million in non-tax revenue last year, a 20 percent increase over the previous year, it said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/mining-revenue-rises-improved-collection

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