The Phnom Penh Post

Ministry pledges rice support

After Cambodian rice exports declined dramatically in March, caused by what millers claimed was a stricter enforcement of sanitary and phytosanitary (SPS) measures by the Chinese government, the Ministry of Agriculture announced yesterday that it would lobby on the sector’s behalf to allow more millers ...

Hor Kimsay
http://www.phnompenhpost.com/business/ministry-pledges-rice-support

Vietnam stops nine overloaded trucks with illegal lumber

Authorities in Vietnam’s Gia Lai province have recently stopped at least nine overloaded timber trucks crossing into the country from the Kingdom, despite the Cambodian government ostensibly banning wood exports to its eastern neighbour, according to a Vietnamese news report. ...

Shaun Turton and Mech Dara
http://www.phnompenhpost.com/national/vietnam-stops-nine-overloaded-trucks-illegal-lumber

Banking shows steady growth

Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. ...

Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/banking-shows-steady-growth

Vietnamese firm to invest in massive casino

A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty Cambodian border town of Bavet through its fully-owned Malaysian subsidiary, a government official confirmed yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/vietnamese-firm-invest-massive-casino

Hope grows for three cities to be inducted into UNESCO list

Via the Ministry of Culture and Fine Arts and the Ministry of Tourism, the government is progressing with a set of relevant documents as a proposal to UNESCO to induct Battambang city, Kampot city and Kratie city on to the United Nations arm’s World Heritage ...

Siv Meng
http://www.phnompenhpost.com/post-property/hope-grows-three-cities-be-inducted-unesco-list

Construction sector investment falls by 22 percent

Investment capital in Cambodia’s construction industry is off to a dwindling start this year, falling 22.1 percent at the end of the first quarter compared with the same period last year. ...

Siv Meng
http://www.phnompenhpost.com/post-property/construction-sector-investment-falls-22-percent

Japanese firms sign power line agreement

T.T. Network Infrastructure Japan, a joint venture between global electronics manufacturer Toshiba and Tokyo Electric Power Co Holdings (TEPCO), will operate and maintain 130 kilometres of a 230-kilovolt power transmission line in Cambodia, according to Japanese media yesterday. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/japanese-firms-sign-power-line-agreement

Kingdom’s debt grows to nearly $6 billion

Cambodia’s national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry and Economy and Finance earlier this month. ...

Kali Kotoski
http://www.phnompenhpost.com/business/kingdoms-debt-grows-nearly-6-billion

NGO to file report over clearing of forestland

The Natural Resource and Wildlife Preservation Organization, a conservation organisation in Kampong Speu, pledged yesterday to file a letter of complaint to authorities after learning that 6 hectares of protected forestland were cleared illegally. ...

Phak Seangly
http://www.phnompenhpost.com/national/ngo-file-report-over-clearing-forestland

Khmer New Year festival brings in more income

Angkor Sangkranta, Siem Reap’s largest cultural festival held over Khmer New Year, raked in a total income of $95 million on the back of 1.6 million domestic and international visitors, a 23 percent year-on-year increase, state news agency AKP said yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/khmer-new-year-festival-brings-more-income

Rice exports show slow growth

Cambodian rice exports declined dramatically in March, causing the average export growth of the Kingdom’s dominant cash crop to increase by only 3 percent during the first quarter of this year, nearly wiping out the double-digit growth seen in January and February. ...

Hor Kimsay
http://www.phnompenhpost.com/business/rice-exports-show-slow-growth

NEC shrugs off database hack

Officials and foreign donors yesterday sought to play down concerns over the security of the National Election Committee’s voter list, after anonymous leaker “Thleay” released a video appearing to show manipulation of the database and the NEC confirmed it had been hacked.​ ...

Ananth Baliga, Mech Dara and Touch Sokha
http://www.phnompenhpost.com/national/nec-shrugs-database-hack

Xi manual on ruling is now printed in Khmer

In another sign of Cambodia’s deepening affinity with China, Chinese President Xi Jinping’s book on governance, which showcases the leader’s ruling philosophy, has been translated into Khmer to be used as a guide for the Kingdom, Prime Minister Hun Sen announced yesterday. ...

Touch Sokha and Cristina Maza
http://www.phnompenhpost.com/national/xi-manual-ruling-now-printed-khmer

Troubled road project along Cambodia-Laos border rolls on

Work by military engineers on a contentious road skirting Cambodia’s border with Laos – which has prompted a military stand-off in the area – has quietly resumed, local officials say, even as run-ins between Cambodian and Lao military patrols in the disputed area have further ...

Shaun Turton and Mech Dara
http://www.phnompenhpost.com/national/troubled-road-project-along-cambodia-laos-border-rolls

Government sounds off on critics in report, claiming detractors twist facts

The Foreign Affairs Ministry yesterday issued a scathing and wide-ranging rebuttal to longstanding accusations of human rights violations and political persecution, calling these allegations a campaign of misinformation led by foreign governments and institutions, particularly the United States, bent on regime change. ...

Ananth Baliga and Chhay Channyda
http://www.phnompenhpost.com/national/government-sounds-critics-report-claiming-detractors-twist-facts

Regulator pushes for corporate governance

The vast majority of local companies lack corporate governance standards and provide insufficient business information, requiring investors and regulators to do heavy due diligence work that stops businesses from tapping into additional funding sources, officials said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/regulator-pushes-corporate-governance

EGA reports Cambodian casino losses

Nasdaq-listed Entertainment Gaming Asia (EGA) reported a net loss of $6.7 million for the fourth quarter of 2016, compared with a loss of $2.7 million in the same time in 2015 largely due to the cancellation of its operations in Cambodia, the company said in ...

Kali Kotoski
http://www.phnompenhpost.com/business/ega-reports-cambodian-casino-losses

MFIs predict lower earnings

With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia (NBC) issued a populist measure to curb high interest rates, microfinance institutions (MFIs) are starting to give predictions for lower profits ...

Hor Kimsay and Kali Kotoski
http://www.phnompenhpost.com/business/mfis-predict-lower-earnings

Villagers, soldiers in land battle

Villagers involved in a long-running land dispute in Kratie province’s Sambor district have prevented soldiers from building a fence around disputed land that the army intends to use as a sniper training ground. ...

Phak Seangly
http://www.phnompenhpost.com/national/villagers-soldiers-land-battle

Bus firms agree to not hike rates on the eve of Khmer New Year

Twenty-nine bus companies have agreed not to raise ticket prices on the eve of the upcoming Khmer New Year holiday after a meeting with officials from the Ministry of Public Works and Transport yesterday morning. ...

Sen David
http://www.phnompenhpost.com/national/bus-firms-agree-not-hike-rates-eve-khmer-new-year

Hun Sen endorses ‘One China’

Prime Minister Hun Sen has reaffirmed the country’s commitment to supporting Beijing’s One China policy during a meeting with a Chinese official, a stance one expert called “obsequious”. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/hun-sen-endorses-one-china

Elephant put down after fatal rampage

After a rampage that destroyed homes and terrified villagers, a rogue elephant was shot by police in Mondulkiri early on Friday morning, with one local mahout saying the unfortunate killing was an outgrowth of a changing way of life that has seen elephants’ traditional work ...

Khouth Sophak Chakrya and Ananth Baliga
http://www.phnompenhpost.com/national/elephant-put-down-after-fatal-rampage

New campaign to educate Cambodians about June elections

The National Election Committee (NEC) on Friday launched a radio campaign to educate Cambodians about upcoming commune elections and to counter misinformation about the June 4 poll. ...

Touch Sokha
http://www.phnompenhpost.com/national/new-campaign-educate-cambodians-about-june-elections

Transparency International opens up to new members

The Cambodian arm of anti-corruption group Transparency International aims to get greater grassroots support for its work and turn itself into a “social movement” by opening up to individual and group memberships. ...

Andrew Nachemson
http://www.phnompenhpost.com/national/transparency-international-opens-new-members

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