The Phnom Penh Post
South China Sea likely to feature at ASEAN Summit in Laos
Prime Minister Hun Sen today leads a delegation of high-level officials to Laos for the start of the 29th ASEAN Summit. The event is considered of special import as it comes in the wake of a July international court ruling that determined the so-called “nine-dash line” ...
Cristina Maza
http://www.phnompenhpost.com/national/south-china-sea-likely-feature-asean-summit-laos
Turkish health care firms take local market’s pulse
Turkish companies looking to expand operations in the Kingdom’s health care industry were among the most visible participants of a trade exposition held in Phnom Penh over the weekend. ...
Hor Kimsay
http://www.phnompenhpost.com/business/turkish-health-care-firms-take-local-markets-pulse
Oil, gas production not expected before 2018
Cambodia’s oil and gas reserves will not see any production until at least 2018, according to a report by London-based BMI. ...
Post Staff
http://www.phnompenhpost.com/business/oil-gas-production-not-expected-2018
Junket investor’s profit falls but sticking to its Cambodia bets
Jimei International Entertainment Group, a Hong Kong-listed casino junket investor that promotes at least seven gaming tables in NagaWorld casino in Phnom Penh, reported a steep decline in profit during the first half of 2016 despite increased turnover. ...
Cam McGrath
http://www.phnompenhpost.com/business/junket-investors-profit-falls-sticking-its-cambodia-bets
Health Ministry taking measures to counter Zika
The Ministry of Health is taking precautionary measures to prevent the transmission of Zika and is asking the public to do the same, as the virus has emerged in other Southeast Asian countries and could make a comeback in the Kingdom. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/health-ministry-taking-measures-counter-zika
Light railway raised yet again at JICA meet
Plans for a light railway system in Phnom Penh were discussed at a meeting between Public Works and Transportation Minister Sun Chanthol and Japanese International Cooperation Agency (JICA) regional director-general Yasushi Tanaka on Friday. ...
Jack Davies and Phak Seangly
http://www.phnompenhpost.com/national/light-railway-raised-yet-again-jica-meet
NEC registers 500k voters in first four days
The National Election Committee claims to have signed up more than half a million people in its first four days of voter registration. The registration period, which began on Thursday and ends on December 1, requires more than 100,000 Cambodian citizens to be registered each day. ...
Bun Sengkong
http://www.phnompenhpost.com/national/nec-registers-500k-voters-first-four-days
Credit growth starts to cool off
New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less demand from the ...
Kali Kotoski
http://www.phnompenhpost.com/business/credit-growth-starts-cool
Canadian bank soars after ABA investment
National Bank of Canada attributed its 5.5 per cent jump in fiscal third-quarter profit to its acquisition of Cambodia’s Advanced Bank of Asia Ltd. (ABA Bank) earlier this year. ...
Post Staff
http://www.phnompenhpost.com/business/canadian-bank-soars-after-aba-investment
Rice paddy bank short of funds
Two years since the opening of Cambodia’s first large-scale rice paddy bank, the private sector company behind the project is seeking additional capital to carry it through the next five years. Thaneakea Srov (Kampuchea) Plc launched services in late August 2014 with its sprawling facility in ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-paddy-bank-short-funds
Labour Minister seeks strike-free minimum wage talks
Labour Minister Ith Samheng yesterday told stakeholders involved in the upcoming minimum wage negotiations to base their demands on the country’s economic situation, and not to try to influence the process through protests or demonstrations. Talks over the 2017 minimum wage for the garment sector are ...
Sen David
http://www.phnompenhpost.com/national/labour-minister-seeks-strike-free-minimum-wage-talks
Key to cracking Thai consumer market: unique products
Cambodia should seek to enlarge its market share of the Thai consumer market by focusing on the export of unique items, a visiting Thai trade promoter said during a workshop in Phnom Penh yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/key-cracking-thai-consumer-market-unique-products
Minister discusses regional EU trade deal
Minister of Commerce Pan Sorasak held a meeting with representatives of the European Union this week to discuss the formulation of a new trade program to be supported by the EU, the Ministry of Commerce announced yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/minister-discusses-regional-eu-trade-deal
Ethnic minority forest being gutted: activists
Half of a Kuoy ethnic community forest in Stung Treng province – for which villagers are seeking official recognition – has been logged in the past three years for private commercial gain, according to recently returned environmental activist twins Chum Hout and Chum Hour. Seven ...
Phak Seangly
http://www.phnompenhpost.com/national/ethnic-minority-forest-being-gutted-activists
Banks covering their assets
Cambodian financial institutions surveyed yesterday said they were in compliance with the central bank’s revised liquidity coverage ratio (LCR) requirements as the deadline passed to increase their cash and highly liquid assets to weather any internal or external shocks. ...
Kali Kotoski
http://www.phnompenhpost.com/business/banks-covering-their-assets
Flag of convenience scheme retired
The days of cocaine smuggling, illegal fishing and human trafficking using ships bearing the Cambodian flag appear to have come to an end as government officials claim that, as of today, all foreign-owned ships operating through Cambodia’s “flag of convenience” scheme must be stripped of ...
Kali Kotoski
http://www.phnompenhpost.com/business/flag-convenience-scheme-retired
Foreign Minister, US ambassador discuss coming meets
Minister of Foreign Affairs Prak Sokhon on Tuesday met with US Ambassador William Heidt to discuss a pair of upcoming meetings of mutual interest: the ASEAN Summit and the East Asia Summit (EAS). The events will be held in Laos on September 3-8, and will ...
Cristina Maza
http://www.phnompenhpost.com/national/foreign-minister-us-ambassador-discuss-coming-meets
FDI inflow seen as driving economic development
A modest increase in the inflow of foreign direct investment is a sign that Cambodia remains an attractive destination to investors, and will go a long way toward the country’s development, analysts said yesterday. Total capital inflow of foreign direct investment (FDI) to Cambodia amounted to ...
Hor Kimsay
http://www.phnompenhpost.com/business/fdi-inflow-seen-driving-economic-development
Task of creating voter list kicks off
A crucial time-saving function of the new digital voter registration system may not have been taught to the more than 2,000 computer operators who today will begin the task of registering Cambodia’s nearly 10 million eligible voters, it has emerged. After months of preparation, and several ...
Bun Sengkong, Shaun Turton and Daniel Nass
http://www.phnompenhpost.com/national/task-creating-voter-list-kicks
Government taking inventory of fuel stocks
The Ministry of Commerce is visiting the Kingdom’s petroleum importers to check their inventories following the release of new regulations this week that require the companies to maintain and report their stock levels, a ministry official said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/government-taking-inventory-fuel-stocks
Premier set to travel to Vietnam
Prime Minister Hun Sen is slated to travel to Vietnam soon to meet with senior officials, the Ministry of Foreign Affairs has announced, a trip that will follow a meeting on border affairs between the two states that concluded without reaching an accord in Phnom ...
Lay Samean
http://www.phnompenhpost.com/national/premier-set-travel-vietnam
Property doubts resurface following The Bay’s suspension
Cracks are beginning to appear in Phnom Penh’s property market following news this week that Singapore developer TEHO International has placed its troubled, $500 million upscale real estate project on hold. Citing an “unfavourable macro-economic outlook” in Phnom Penh’s condo sector, the Singapore-listed firm blamed poor ...
Lauren Barrett
http://www.phnompenhpost.com/post-property/property-doubts-resurface-following-bays-suspension
Preah Sihanouk province to recruit beach lifeguards
Preah Sihanouk provincial authorities plan to recruit about 30 lifeguards to help prevent drownings across the province’s seven beaches. The move comes in the wake of several tourist drownings; the latest casualties involved a South Korean 40-year-old father, Lee Minseock, and his 4-year-old son, Lee Seungjae, ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/preah-sihanouk-province-recruit-beach-lifeguards
Developer puts condo project The Bay on hold as supply glut looms
The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...
Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/developer-puts-condo-project-bay-hold-supply-glut-looms