The Phnom Penh Post

Cambodia’s financial sector still ‘strong’: Belgium’s Incofin

The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to Belgium-based global impact fund Incofin Investment Management Comm VA. ...

Rann Reuy
https://www.phnompenhpost.com/business/cambodias-financial-sector-still-strong-belgiums-incofin

B Meanchey officials told to ensure stability

Ke Kim Yan, chairman of the National Authority for Combating Drugs (NACD), instructed all forces in Banteay Meanchey province to maintain national defence, and ensure peace, political stability and a good relationship with neighbouring Thailand. ...

Chea Sokny
https://www.phnompenhpost.com/national/b-meanchey-officials-told-ensure-stability

Hun Many lauds contributions to ‘successful’ Angkor Sangkran

Hun Many, president of the Union of Youth Federations of Cambodia (UYFC), said the three-day Angkor Sangkran event ended successfully, and left smiles on the faces of Cambodians everywhere. ...

Samban Chandara
https://www.phnompenhpost.com/national/hun-many-lauds-contributions-successful-angkor-sangkran

Green pagoda grows organic

The chief monk of Sirisakor Daun Sdeurng Pagoda in Senareach Udom commune of Preah Sdech district in Prey Veng province is now distributing organic vegetables at the site, which was recently ranked as the number one pagoda for environmental friendliness out of the 551 active ...

Kim Sarom
https://www.phnompenhpost.com/national/green-pagoda-grows-organic

PM: Cambodia thankful for return of antiquities

Prime Minister Hun Sen commended Cambodia’s foreign partners for their cooperation in returning precious antiquities that were looted by unscrupulous dealers during the country’s darkest hours. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/pm-cambodia-thankful-return-antiquities

IMF cuts world growth outlook as ‘debt stress’ rises: researcher

Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas. ...

May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher

Losing 104 rural credit agencies ‘may allow growth’ in finance sector

The central bank’s recent revocation of the operating licences of 104 rural credit institutions (RCI) – nearly half – should not have significant ramifications on the Kingdom’s wider financial system, industry insiders and observers have assured. ...

Rann Reuy
https://www.phnompenhpost.com/national/losing-104-rural-credit-agencies-may-allow-growth-finance-sector

Over 13M domestic trips during Khmer New Year

Cambodia received over 13 million domestic and international visitors to its resorts and tourist destinations in the three days of the official April 14-16 Khmer New Year holiday, according to an April 17 report from the Ministry of Tourism. ...

Van Socheata
https://www.phnompenhpost.com/national/over-13m-domestic-trips-during-khmer-new-year

Japan’s JMSDF force schedules naval visit

Japan Maritime Self-Defense Force (JMSDF) ships, the mine sweeper tender JS URAGA and the mine sweeper tender JS AWAJI, will visit the Sihanoukville Autonomous Port from April 24-26, according to an April 17 press release from the Japanese embassy. ...

Ry Sochan
https://www.phnompenhpost.com/national/japans-jmsdf-force-schedules-naval-visit

Chamber of commerce calls for additional SEZ incentives

Representatives of the private sector and economists have encouraged regional developers to establish a private sector development council to invest in regional special economic zones (SEZs), as they called for renewed focus on the development of exiting SEZs. ...

Van Socheata
https://www.phnompenhpost.com/business/chamber-commerce-calls-additional-sez-incentives

New loan agreement standard for financial industry breeds debate

A “Standard of Loan Agreement” for the financial sector is under preparation, and institutions are expected to begin adopting its principles by June. But insiders and observers have expressed differing views on the precise provisions of the instrument, its potential effects on market competition, and ...

Rann Reuy
https://www.phnompenhpost.com/business/new-loan-agreement-standard-financial-industry-breeds-debate

Senate approves draft law on Laos border treaty ratification

The Senate unanimously approved a draft law on the ratification of the State-Boundary Treaty between Cambodia and Laos, signalling acceptance of the results of a joint inspection of 86 per cent of the border. Negotiations around the demarcations have been ongoing for more than 28 ...

Samban Chandara
https://www.phnompenhpost.com/national/senate-approves-draft-law-laos-border-treaty-ratification

NEC trains staff as election nears

The National Election Committee (NEC) held an April 10 training session on the registration of political parties and candidates for the 7th parliamentary election, with 129 representatives of state institutions, political parties and NGOs in attendance. ...

Kim Yutharo
https://www.phnompenhpost.com/national/nec-trains-staff-election-nears

Unions plan Workers’ Day march for May 1

Representatives from the Cambodian Confederation of Unions (CCU) and the Cambodian Alliance of Trade Unions (CATU) – along with trade unions and associations working in the labour sector – announced their intention to celebrate the 137th anniversary of International Workers’ Day on May 1, with ...

Chea Sokny
https://www.phnompenhpost.com/national/unions-plan-workers-day-march-may-1

Factory workers end protest after owner agrees to pay wages

Authorities in Phnom Penh’s Por Senchey district on April 11 facilitated the negotiation of a settlement between a factory owner and its workers that ended their public protests in Choam Chao II commune. ...

Orm Bunthoeurn
https://www.phnompenhpost.com/national/factory-workers-end-protest-after-owner-agrees-pay-wages

National state-of-the-art hospital scheduled for June opening

The Ministry of Health and the Phnom Penh Municipal Administration said they expect the Techo Santepheap National Hospital to be completed in June this year. When complete, it will be the largest state-of-the-art hospital in the country. ...

Neang Sokunthea
https://www.phnompenhpost.com/national/national-state-art-hospital-scheduled-june-opening

NGO campaign urges mothers, fathers to be nurturing to children

Several NGOs, in collaboration with the government, held “My Good Husband, My Smart Children” event last week to promote nurturing care from both male and female caregivers for children from before birth until age 5, to help them thrive and reach their full potential. ...

Hong Raksmey
https://www.phnompenhpost.com/national/ngo-campaign-urges-mothers-fathers-be-nurturing-children

IMF cuts world growth outlook as ‘debt stress’ rises: researcher

Low-income countries and emerging economies – including Cambodia – are facing heightened sovereign debt distress amid a rise in interest rates in advanced economies, according to International Monetary Fund (IMF) economic counsellor and director of research Pierre-Olivier Gourinchas. ...

May Kunmakara
https://www.phnompenhpost.com/business/imf-cuts-world-growth-outlook-debt-stress-rises-researcher

Heat kills more Kampong Chhnang fish

Commercial fish farmers along the Tonle Sap River in Kampong Chhnang province have called on the authorities to find a way to rescue the remaining fish in their fish farms, as the unrelenting hot weather continues to kill their fish. ...

Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/heat-kills-more-kampong-chhnang-fish

UK pledges aid for women’s empowerment, education

The Ministry of Women’s Affairs and the UK embassy in Phnom Penh have agreed to work together on women’s empowerment, women’s education and ending violence against women and girls. ...

Ry Sochan
https://www.phnompenhpost.com/national/uk-pledges-aid-womens-empowerment-education

Spending on capital’s new airport nears $700M: SSCA

Nearly $700 million has been spent on the new $1.5 billion Techo International Airport (TIA), the main construction work on which has reached 46 per cent as of March 31, motivated by positive tourism growth, according to a senior civil aviation official. ...

Rann Reuy
https://www.phnompenhpost.com/business/spending-capitals-new-airport-nears-700m-ssca

Education ministry set to reform budgeting practices

Minister of Education, Youth and Sport Hang Chuon Naron outlined plans for reforms at his ministry, with a focus on institutional capacity building and performance-based budgeting. ...

Van Socheata
https://www.phnompenhpost.com/national/education-ministry-set-reform-budgeting-practices

Ministry ‘bans’ water fights for all students

With Khmer New Year just around the corner, Minister of Education, Youth and Sport Hang Chuon Naron has advised students at all public and private schools not to engage in the water fights with squirt guns and coloured powders, an activity that has become popular ...

Chea Sokny
https://www.phnompenhpost.com/national/ministry-bans-water-fights-all-students

NGOs issue heatstroke warnings

Plan International Cambodia (PIC) has advised all parents and caregivers to pay close attention to the health of children during the current hot weather conditions. ...

Long Kimmarita and Chea Sokny
https://www.phnompenhpost.com/national/ngos-issue-heatstroke-warnings

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