The Phnom Penh Post

Lenders come out of the dark

More than a year into a government-backed campaign to clamp down on unlicensed lenders, nearly 130 small lenders operating under the radar have come into the fold, officials said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/lenders-come-out-dark

Thailand drops quotas on flights to Cambodia

Thailand has dropped its seat quota on commercial flights to Cambodia after its government approved the removal of the restrictions in accordance with an aviation agreement between the two countries signed in May. The approval comes months after Cambodia did the same, liberalising air travel ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/thailand-drops-quotas-flights-cambodia

Misconceptions an obstacle to contraception use: study

The greatest obstacle to increased contraception use in Cambodia isn’t the price of birth control or the social stigma around using it, a new study has found, it is fear of side effects. What’s more, this fear may arise from the many disparate medical systems operating ...

Cristina Maza
http://www.phnompenhpost.com/national/misconceptions-obstacle-contraception-use-study

EDC tells banks to stop outsourcing collections

State-run energy utility Electricité du Cambodge (EdC) has asked banks and microfinance institutions (MFIs) to stop using third-party services to collect payment of customer electricity fees, local media reported yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/edc-tells-banks-stop-outsourcing-collections

Grenade attack injures three people in Phnom Penh

At least three people were injured in a grenade attack on Street 163 in Phnom Penh’s Boeung Keng Kang III commune at about 7:40pm yesterday evening, police said. The victims did not appear to be the intended targets of the grenade, which was tossed under a ...

Khouth Sophak Chakrya, Mech Dara and Ananth Baliga
http://www.phnompenhpost.com/national/grenade-attack-injures-three-people-phnom-penh

Ministry explains tax hikes on heavy transportation vehicles

The Ministry of Economy and Finance on Monday sought to explain a recent hefty increase in taxes imposed on heavy transportation vehicles, saying it was prompted by a need to support infrastructure maintenance expenditures and cover the elimination of taxes on vehicles smaller than 150cc. ...

Lay Samean
http://www.phnompenhpost.com/national/ministry-explains-tax-hikes-heavy-transportation-vehicles

Bank of China to expand operations in Cambodia

Bank of China, one of the five biggest state-owned commercial banks in China, will expand its operations in Cambodia by opening new branches in Siem Reap and Sihanoukville, a local bank executive said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/bank-china-expand-operations-cambodia

Canada denies reports of additional aid to Cambodia

The Canadian diplomatic office has denied local media reports that Canada had agreed to deliver extra aid money to Cambodia. In a press release, Foreign Minister Prak Sokhon said that Canadian Minister of Foreign Affairs Stéphane Dion expressed interest in his proposal that “Canada will continue ...

Bun Sengkong
http://www.phnompenhpost.com/national/canada-denies-reports-additional-aid-cambodia

Sen Sok locals accuse ex-rep of stealing land

About 20 representatives of more than 160 Sen Sok district families delivered a petition to the Land Management Ministry yesterday claiming a former community representative poached land from them that they had spent seven years reclaiming through the courts. ...

Touch Sokha
http://www.phnompenhpost.com/national/sen-sok-locals-accuse-ex-rep-stealing-land

More than 40 overloaded trucks seized by ministry

The Ministry of Public Works and Transport said yesterday that its officials had impounded 44 overloaded trucks along National Road No 217 since Friday. ...

Sen David
http://www.phnompenhpost.com/national/more-40-overloaded-trucks-seized-ministry

Legislation to regulate eco-tourism segment

The Ministry of Tourism is preparing a draft law for eco-tourism with the hope that it will keep Cambodia’s tourism industry competitive while protecting the Kingdom’s natural resources and promoting conservation efforts. ...

Hor Kimsay
http://www.phnompenhpost.com/business/legislation-regulate-eco-tourism-segment

Cambodia, China sign new MoU on money laundering

Cambodia and China last week signed an agreement to exchange financial intelligence to combat money laundering and terrorism financing, though experts said the Kingdom should still be doing more to tackle an issue that has long persisted in the country, in part, due to local ...

Yesenia Amaro
http://www.phnompenhpost.com/national/cambodia-china-sign-new-mou-money-laundering

Bird’s nest export plan ready to fly

Cambodia is looking to secure its first commercial contract for the export of swiftlet nests to China, but must first demonstrate compliance with the Asian giant’s hygiene protocols, a government official has said. Hean Vanhan, undersecretary of state at the Ministry of Agriculture, said swiftlet nests, ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/birds-nest-export-plan-ready-fly

Sihanoukville power plant draws Royal Group's interest

The Royal Group, Cambodia’s biggest conglomerate, will be involved in funding future phases of a massive coal-fired power plant under construction in Preah Sihanouk province, a government official said yesterday, although details of the size of the investment or its timeline remain hazy. ...

Kali Kotoski
http://www.phnompenhpost.com/business/sihanoukville-power-plant-draws-royal-groups-interest

PM says Canada will ‘cooperate’ on climate

Prime Minister Hun Sen has requested the assistance of Canada’s Minister of Foreign Affairs Stéphane Dion in mitigating the impact of climate change during an official meeting last Friday, noting, among other things, the recent severe drought. ...

Vong Sokheng
http://www.phnompenhpost.com/national/pm-says-canada-will-cooperate-climate

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

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