The Phnom Penh Post
Overloaded truck figures dip: ministry
The Ministry of Public Works and Transportation yesterday announced that 75 fewer drivers had been fined for overloaded trucks last month compared to June, attributing the decline to recent crackdowns. ...
Lay Samean
http://www.phnompenhpost.com/national/overloaded-truck-figures-dip-ministry
Ethnic education aid sought
The NGO Forum on Cambodia yesterday demanded government funding for higher education for indigenous students to mark World Indigenous Peoples’ Day. ...
Touch Sokha
http://www.phnompenhpost.com/national/ethnic-education-aid-sought
Mesco closes in on gold licence
After an unexpectedly lengthy review, the Ministry of Environment has approved the environmental and social impact study of Indian mining firm Mesco Gold, clearing the last major hurdle for the company to receive a licence to operate the Kingdom’s first royalty-generating mine. ...
Cam McGrath
http://www.phnompenhpost.com/business/mesco-closes-gold-licence
Acleda Bank net profit, assets grow in 1H16
Acleda Bank, Cambodia’s largest financial institution, experienced sturdy year-on-year growth during the first half of the year, according to figures from its latest audited financial statement. ...
Post Staff
http://www.phnompenhpost.com/business/acleda-bank-net-profit-assets-grow-1h16
Woman back home after forced marriage in Malaysia
A woman who worked as a maid in Malaysia was repatriated to Cambodia late last week after years of abuse at the hands of her employers, including a forced marriage. ...
Sen David and Erin Handley
http://www.phnompenhpost.com/national/woman-back-home-after-forced-marriage-malaysia
Drop in US exports seen as a wake-up call
The industry body for the nation’s garment and footwear manufacturers said new trade data showing a decline in Cambodian exports to the US during the first half of the year was a sign that the Kingdom was losing its competitive advantage, threatening the future of ...
Kali Kotoski
http://www.phnompenhpost.com/business/drop-us-exports-seen-wake-call
Poor local showing at Phnom Penh’s agro fair
Cambodia’s biggest agriculture industry event of the year received a cool response on its first day as turnout from local agro-businesses was low and overseas suppliers struggled to find potential buyers for the latest agricultural products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/poor-local-showing-phnom-penhs-agro-fair
Load of wildlife busted in Mondulkiri
Rangers from the Sre Pok Wildlife Sanctuary in Mondulkiri province intercepted two men and a minor allegedly smuggling more than 50 wild animals on Saturday evening, according to the World Wide Fund for Nature (WWF) and Koh Nhek district police. ...
Cristina Maza and Bun Sengkong
http://www.phnompenhpost.com/national/load-wildlife-busted-mondulkiri
Soldier’s home hiding luxury wood: officials
Some 100 pieces of luxury wood believed to be from the Keo Seima Wildlife Sanctuary area were seized at the house of a military officer near the Vietnamese border on Friday, officials said yesterday. ...
Phak Seangly
http://www.phnompenhpost.com/national/soldiers-home-hiding-luxury-wood-officials
Monster sugar mill eats through sugarcane supply
Just three months since starting production, Cambodia’s largest sugar mill is sitting idle due to a shortage of its primary input sugarcane, a provincial Agriculture Ministry official said yesterday. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/monster-sugar-mill-eats-through-sugarcane-supply
Unions tout ‘living wage’ ahead of minimum wage talks
Unions meeting on Friday arrived at an estimated cost-of-living salary for garment workers ahead of minimum wage talks, one remarkably similar to the monthly wage they’ve demanded two years running, though suggested the final number they push for will be higher. ...
Sen David and Erin Handley
http://www.phnompenhpost.com/national/unions-tout-living-wage-ahead-minimum-wage-talks
SEZs hold key to economic corridor growth
Industrial parks that offer special privileges to companies that operate inside them play a dominant role in attracting investment in the region, but countries must focus more on building up their infrastructure and human resources to take advantage of increased connectivity, development experts said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/sezs-hold-key-economic-corridor-growth
New ISP aims to compete on quality, not low pricing
Cambodia’s newest internet service provider (ISP), Today Communication, will join a busy market when it begins offering its services in Phnom Penh on Saturday. However, the company hopes that its focus on providing quality service, especially to businesses, will distinguish it from more than 30 ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-isp-aims-compete-quality-not-low-pricing
Firms flimsy on corporate governance
Cambodia has an opportunity to improve its corporate governance, addressing issues in this field that are increasingly important to international companies considering investment, an official from the International Finance Corporation (IFC) has said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/firms-flimsy-corporate-governance
Derivatives licences handed out
Cambodia’s capital market regulator officially granted its first round of derivatives trading licences this week, nearly 10 months after it vowed to formally regulate the inherently risky financial instrument and provide investors with more options to earn profits. ...
Kali Kotoski
http://www.phnompenhpost.com/business/derivatives-licences-handed-out
Novel ATM service for the ‘unbanked’
With mobile money transfer services such as Wing and True Money continuing to spread their agent-based networks into rural parts of the country, local banks are increasingly leveraging their branch locations and ATM presence to provide a similar service through “Cash by Code”. ...
Kali Kotoski
http://www.phnompenhpost.com/business/novel-atm-service-unbanked
Securities companies to provide market liquidity
A new initiative aimed at encouraging more trading on Cambodia’s persistently quiet stock exchange will allow securities underwriters and dealers to become liquidity providers who can hold and trade shares in listed companies. ...
Hor Kimsay
http://bit.ly/2ak6Xdl
Local car hire app gets a jump on Uber
With ride-hailing giants Uber and Grab yet to enter the Cambodian market, a pair of local entrepreneurs have seized the initiative and developed the first private-hire car service and smartphone application for Phnom Penh’s frenetic city streets. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-car-hire-app-gets-jump-uber
Convention centre to put Siem Reap on event circuit
Sokha Hotels and Resorts will open the first dedicated convention centre in Siem Reap next month, giving the country’s leading tourist destination another major draw to attract foreign visitors. ...
Thik Kaliyann
http://www.phnompenhpost.com/business/convention-centre-put-siem-reap-event-circuit
Concern over trade deal’s investor dispute mechanism
A civil society organisation has raised concerns about the proposed Regional Comprehensive Economic Partnership (RCEP), claiming that one provision of the sweeping trade agreement would limit the Kingdom’s ability to draft socially beneficial policies. ...
Kali Kotoski
http://www.phnompenhpost.com/business/concern-over-trade-deals-investor-dispute-mechanism
Accounting standards miss mark
The first-ever study to measure compliance with Cambodia’s new Law on Accounting and Auditing found few companies willing to talk about their accounting practices, and a low rate of compliance among those that did. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/accounting-standards-miss-mark
Cambodia asks China to double rice quota
Commerce Minister Pan Sorasak lobbied his visiting Chinese counterpart, Gao Hucheng, yesterday to consider doubling Cambodia’s annual rice export quota to China while also proposing a host of agricultural trade agreements. ...
Hor Kimsay
http://www.phnompenhpost.com/business/cambodia-asks-china-double-rice-quota
32 Vietnamese arrested in Phnom Penh immigration raids
Thirty-two Vietnamese nationals were arrested during raids by immigration police in Phnom Penh’s Toul Kork district yesterday morning, according to Interior Ministry spokesman Keo Vanthorn. ...
Bun Sengkong
http://www.phnompenhpost.com/national/32-vietnamese-arrested-phnom-penh-immigration-raids
Bitter market for local coffee
The Kingdom’s once-promising home-grown coffee industry has been laid low by adverse weather and fierce global competition, with the total area under coffee cultivation cut in half over the last three years as desperate farmers switch to other crops, a senior official at the Ministry ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/bitter-market-local-coffee