The Phnom Penh Post

Gov’t halts building of Koh Rong island port

A Sihanoukville provincial coastal working group has ordered tycoon Kith Meng’s Royal Group to stop building a port on Koh Rong, saying the development was illegal. ...

Mech Dara
http://www.phnompenhpost.com/national/govt-halts-building-koh-rong-island-port

UXO found in three different provinces

Dozens of pieces of unexploded ordnance and hundreds of AK-47 bullets have been found on farmland in three provinces in recent days and handed over for disposal, according to local authorities yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/uxo-found-three-different-provinces

JOGMEC to explore for gold in Ratanakkiri

Canadian mining firm Angkor Gold has entered into a joint exploration agreement with Japan Oil, Gas and Metals National Corp (JOGMEC) to explore Angkor’s Oyadao South licence in Ratanakkiri province, the company said in a press release yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/jogmec-explore-gold-ratanakkiri

Int’l Union report ranks Kingdom in bottom ten

Cambodia made the list of the 10 worst countries in terms of labour rights, according to a report released last week by the International Trade Union Confederation.   ...

Bun Sengkong and Igor Kossov
http://www.phnompenhpost.com/national/intl-union-report-ranks-kingdom-bottom-ten

Giant coal plant taking shape in Sihanoukville

Nearly half of a massive 700-megawatt coal-fired power plant that will fuel the country’s biggest industrial park and feed the national grid is set to be completed by the end of the year, according to officials at the Ministry of Mines and Energy. ...

Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/giant-coal-plant-taking-shape-sihanoukville

Central bank allays dollar concerns

The National Bank of Cambodia responded to rumours yesterday that local banks were no longer accepting US dollar banknotes with minor imperfections, such as small tears, creases or ink stamps, stating that the central bank had not changed its policies. ...

Hor Kimsay
http://www.phnompenhpost.com/business/central-bank-allays-dollar-concerns

PM challenges EU to follow through on threat to cut aid

Prime Minister Hun Sen on Monday blithely brushed aside a recent threat from the European Parliament to cut hundreds of millions of dollars in aid to Cambodia over human rights abuses, challenging the body to follow through. ...

Kuch Naren
https://www.cambodiadaily.com/news/pm-challenges-eu-to-follow-through-on-threat-to-cut-aid-114068/

Wing, GmoneyTrans ink partnership deal

A South Korean phone-based money transfer company has partnered with Wing Specialized Bank to tap into remittance services for Cambodians living and working abroad. ...

Hor Kimsay
http://www.phnompenhpost.com/business/wing-gmoneytrans-ink-partnership-deal

Pepper business adds to Kingdom’s deforestation woes

While the luxury timber trade continues to eat away at Cambodia’s forests, there is another industry that poses a growing threat to the Kingdom’s trees: pepper farms.   ...

Mech Dara and Igor Kossov
http://www.phnompenhpost.com/national/pepper-business-adds-kingdoms-deforestation-woes

Fuel price caps steady as crude heating up

The Ministry of Commerce yesterday announced revised price caps on fuel sold at retail petrol stations throughout the Kingdom from June 12-21, setting a price ceiling of 3,450 riel per litre on regular gasoline, 3,500 riel per litre on premium gasoline and 3,150 riel per ...

Post Staff
http://www.phnompenhpost.com/business/fuel-price-caps-steady-crude-heating

Railway operations resume after collision

No significant commercial delays or losses resulted from the collision between a train and a cement truck in Kampot province on Sunday as engineers were able to remove the disabled truck from the tracks and resume operations on the rail line within hours of the ...

Post Staff
http://www.phnompenhpost.com/business/railway-operations-resume-after-collision

Snakehead fish farmers required to register: gov’t

Snakehead fish farmers are required to register with the Fisheries Administration as part of new regulations aimed at better governing and monitoring an industry that became legal in April after an 11-year ban. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/snakehead-fish-farmers-required-register-govt

Measures in works amid low child’s rights ranking

A new report has ranked Cambodia 125 out of 163 countries in terms of its protection of children’s rights, even as the government works to finalise a sub-decree and code of conduct to better shield children from abuse, exploitation and neglect. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/measures-works-amid-low-childs-rights-ranking

Angel investors raise hopes for local startups

Seven angel investors descended on Phnom Penh last Friday as part of the launch of a new investment initiative that aims to tap into Cambodia’s growing startup culture and support entrepreneurial endeavours with guidance and early stage risk funding. ...

Kali Kotoski
http://www.phnompenhpost.com/business/angel-investors-raise-hopes-local-startups

PPAP board adds first independent directors

Phnom Penh Autonomous Port (PPAP) held its first general shareholder meeting last week, electing its first independent board members in a bid to ensure greater transparency in corporate governance, a company official said yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/ppap-board-adds-first-independent-directors

Bonna Realty says business as usual after chairman’s arrest

A representative of Bonna Realty Group said yesterday that the arrest of the company’s eponymous chairman on Friday on fraud charges stemming from a bounced cheque would have no impact on the business because it was purely a personal matter. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/bonna-realty-says-business-usual-after-chairmans-arrest

Advertisers spend less on print

Advertising budgets are getting bigger, but an increasingly smaller share of the revenue is going to traditional print media, with 2016 shaping up to be an exceptionally lean year, new market research shows. ...

Hor Kimsay
http://www.phnompenhpost.com/business/advertisers-spend-less-print

Health Ministry and WHO sign 5-year plan

The Ministry of Health and the WHO on Friday signed a new five-year plan that will seek to address communicable and non-communicable diseases, advance universal health care, strengthen capability to respond to new emerging diseases and increase collaborations and partnerships, a ministry official said yesterday. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/health-ministry-and-who-sign-5-year-plan

Wing plans for more growth

Wing Specialised Bank is trying to stay ahead of the game in the money transfer and mobile payment sector by forging new partnerships. The Post’s Ayanna Runcie sat down with Wing’s recently appointed CEO Jojo Malolos to discuss his plan for the company’s future. ...

Ayanna Runcie
http://www.phnompenhpost.com/business/wing-plans-more-growth

Angkor Wat ticket sales stagnating

Angkor Wat temple, Cambodia’s prime tourist attraction, experienced nearly stagnant growth for the first five months of this year, according to data released by Angkor Institution yesterday. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/angkor-wat-ticket-sales-stagnating

NEC sets voter registration dates

After multiple delays, the National Election Committee yesterday released its schedule for voter registration, giving itself three months to register the close to 9.6 million eligible voters across the country.   ...

Ananth Baliga
http://www.phnompenhpost.com/national/nec-sets-voter-registration-dates

NGO head apologises to NEC

The Victory Intelligent Standard Association issued an apology on Wednesday to the National Election Committee for accusing the body’s senior staffers of corruption during the transfer of its employees from independent contractors to the government’s fold. ...

Niem Chheng and Ananth Baliga
http://www.phnompenhpost.com/national/ngo-head-apologises-nec

GTI profits rise 157 per cent

After posting an overall decline in profit of 70 per cent in 2015, Grand Twins International (GTI), the only publicly traded garment firm, reported bullish earnings for the first quarter of this year signalling hope that the manufacturer could launch a winning streak. ...

Kali Kotoski
http://www.phnompenhpost.com/business/gti-profits-rise-157-cent

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