The Phnom Penh Post

Problematic roundabout to get $1 million accompaniment

Overseas Cambodia Investment Corporation (OCIC) aims to begin construction work on a sidewalk at the Neang Kong Hing roundabout near the Olympic Stadium in the third quarter of 2017, in a move it says could cut traffic accidents. ...

Siv Meng
http://www.phnompenhpost.com/post-property/problematic-roundabout-get-1-million-accompaniment

Cambodian farmers cash in on high cashew prices

International commodity prices for cashew nuts are rapidly increasing due to lower supply from Cambodia and Vietnam which is driving up profits for the Kingdom’s farmers, according to industry stakeholders. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/cambodian-farmers-cash-high-cashew-prices

Life insurance market grows

Two new life insurance companies will launch operations in Cambodia by the end of this week, aiming to grab hold of a market that has seen rapid expansion in recent years while also creating stronger competition in the emerging industry. ...

Hor Kimsay
http://www.phnompenhpost.com/business/life-insurance-market-grows

WEF forum to bring new investment

With the World Economic Forum (WEF) on Asean less than a week away, government officials yesterday said that the theme of the three-day event would focus on “Youth, Technology and Growth”, while providing an opportunity to raise Cambodia’s international profile and attract more investors and ...

Hor Kimsay
http://www.phnompenhpost.com/business/wef-forum-bring-new-investment

Problematic roundabout to get $1 million accompaniment

Overseas Cambodia Investment Corporation (OCIC) aims to begin construction work on a sidewalk at the Neang Kong Hing roundabout near the Olympic Stadium in the third quarter of 2017, in a move it says could cut traffic accidents. ...

Siv Meng
http://www.phnompenhpost.com/post-property/problematic-roundabout-get-1-million-accompaniment

NEC calls for neutrality on Facebook

An election official warned Facebook users not to make any politically charged posts the day before the election yesterday during a three-day training session on campaign monitoring, with observers accusing him of overstepping the bounds of a rule forbidding parties from campaigning on that day. ...

Andrew Nachemson and Touch Sokha
http://www.phnompenhpost.com/national/nec-calls-neutrality-facebook

Public road reopened after ditch filled in

Authorities yesterday dismantled fences and filled in a ditch in order to reopen a road, allegedly disconnected by two real estate companies several years ago, to public access in Phnom Penh’s Chbar Ampov district. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/public-road-reopened-after-ditch-filled

MFI loans used for illegal logging

A conservation NGO official yesterday said he planned to ask microfinance lenders to better scrutinise their loans after a spate of cases over the last month showed that such loans had been used by illegal loggers to purchase chainsaws and tractors for transporting timber. ...

Phak Seangly
http://www.phnompenhpost.com/national/mfi-loans-used-illegal-logging

Floating homes set sail after alleged fish die-off

According to the boats’ inhabitants, who raise fish underneath their floating homes in Russei Keo district’s Chraing Chamreh I commune, the move was prompted by a mass die-off of fish last weekend due to increasing water temperatures.  ...

Sen David
http://www.phnompenhpost.com/national/floating-homes-set-sail-after-alleged-fish-die

Illicit trade costs millions

The US-based nonprofit Global Financial Integrity (GFI) measured illicit financial flows – the illegal movement of money or capital from one country to another – and found that as much as $45 billion in trade activity in Cambodia over the period was not accounted for. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/illicit-trade-costs-millions

Rice millers balk at export fees

Numerous members of the Cambodia Rice Federation (CRF), the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-millers-balk-export-fees

Deaths from lightning triple compared to ’16

Lighting deaths nearly tripled in Cambodia during the first quarter of 2017, compared to the same period in 2016, an official at the National Committee for Disaster Management said yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/deaths-lightning-triple-compared-16

Trader sought truck with illegal wood impounded

More than a tonne of rosewood and the plateless car carrying it were seized in Oddar Meanchey province yesterday after authorities received a report about a Vietnamese woman and her workers trying to set the vehicle on fire. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/trader-sought-truck-illegal-wood-impounded

Labour minister praises robust garment sector growth

Cambodia’s minister of labour applauded the strong growth and employment levels for the garment and footwear sector yesterday, though industry representatives noted a slight slowdown due to increased competition from regional players. ...

Hor Kimsay
http://www.phnompenhpost.com/business/labour-minister-praises-robust-garment-sector-growth

Illegal logs set ablaze in wildlife sanctuary

Environment Ministry officials in Ratanakkiri province are hunting for timber traders who on Sunday set ablaze 300 logs of luxury wood in Lumphat Wildlife Sanctuary, one of several protected areas raided by Vietnamese loggers in recent months. ...

Phak Seangly
http://www.phnompenhpost.com/national/illegal-logs-set-ablaze-wildlife-sanctuary

Emerald’s gold prospects improve

The Australian-listed mining firm behind Cambodia’s Okvau gold project in Mondulkiri province released its definitive feasibility study (DFS) yesterday, confirming its predictions of 1.14 million ounces in gold reserves while reducing its projected investment costs for extraction. ...

Kali Kotoski
http://www.phnompenhpost.com/business/emeralds-gold-prospects-improve

Russia to pursue gas in Thai-Cambodian shelf

Russia’s state-owned energy giant Gazprom is considering gas production on the continental shelf of Thailand and Cambodia, Russian media reported on Friday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/russia-pursue-gas-thai-cambodian-shelf

Construction workers call for baseline wage

A day ahead of May Day, the Building and Wood Workers Trade Union Federation of Cambodia held a small rally outside the National Assembly demanding the inclusion of construction workers within the minimum wage framework and new guidelines for workplace safety. ...

Ananth Baliga
http://www.phnompenhpost.com/national/construction-workers-call-baseline-wage

Ministry loves company

About 130 villagers and more than 20 of their children demonstrated in front of the Ministry of Land Management from 8am to noon yesterday, demanding that the government exclude their villages from a proposed development plan and protect their homes by granting them land titles. ...

Sen David
http://www.phnompenhpost.com/national/ministry-loves-company

Forests cleared in Koh Kong protected areas

Around 600 hectares of the protected Southern Cardamom National Park in Koh Kong have been illegally cleared and sold off for cultivation since 2013, sometimes by local authorities, according to the conservation organisation Wildlife Alliance. ...

Phak Seangly
http://www.phnompenhpost.com/national/forests-cleared-koh-kong-protected-areas

E-commerce slowed by government: report

The key ingredients for e-commerce adoption are in place in Cambodia but many specific measures need to be addressed by both the private and public sector before the Kingdom can tap into the huge opportunities offered by a digital economy, according to a new report ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/e-commerce-slowed-government-report

Boeung Kak lake dispute ‘closed’

Phnom Penh City Hall yesterday washed its hands of the decadelong contentious Boeung Kak lake issue, saying it was closing its conflict resolution process, leaving seven families who had refused to accept the government’s offers in the lurch. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/boeung-kak-lake-dispute-closed

Pig farmers form taskforce to curb illicit smuggling

Cambodia’s pig farmers created a new taskforce yesterday to combat pig smuggling along Cambodia’s borders that is leading to falling prices for domestic producers. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/pig-farmers-form-taskforce-curb-illicit-smuggling

Renewables start to gain traction

Solar power is slowly gaining momentum in Cambodia as a viable source of electricity for the country’s growing energy needs, though stakeholders are anxious to see a real government commitment to establish a beneficial regulatory framework. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/renewables-start-gain-traction

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