News

Home loans fast gaining traction

Acleda Bank has provided $40 million to customers in the form of housing loans since the start of 2017, marking a growing trend of home loans being taken out across the country. ...

Siv Meng
http://www.phnompenhpost.com/post-property/home-loans-fast-gaining-traction

Construction remains strong growth driver for Cambodia

Investment in Cambodia’s real estate and construction industry now stands at $4 billion, according to data from the Ministry of Land Management, Urban Planning, and Construction (MLMUPC). ...

Siv Meng
http://www.phnompenhpost.com/post-property/construction-remains-strong-growth-driver-cambodia

Government to endorse national organic produce standard

The Agriculture Ministry will soon adopt a national standard for organic vegetable production to create product consistency and a single yardstick for farmers to work toward, according to officials.A logo that will mark the products as government-approved organics has been designed, and a draft law ...

Hang Sokunthea
https://www.cambodiadaily.com/news/government-to-endorse-national-organic-produce-standard-130805/

Non-aligned? Cambodia is neutral: Sokhonn

The minister of foreign affairs maintained yesterday that Cambodia is not allied with China, stating that the Kingdom is “neutral”, despite an apparent diplomatic shift towards the nascent superpower and away from the West. Minister Prak Sokhonn told a crowd of over 200 students at the ...

Touch Sokha
http://www.phnompenhpost.com/national/non-aligned-cambodia-neutral-sokhonn

Total lightning deaths lower so far this year

Rainstorms and lightning strikes killed a combined 43 people and injured 79, while damaging 2,735 homes in the first five months of the year, according to a report by the National Committee for Disaster Management. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/total-lightning-deaths-lower-so-far-year

Thirteen more White Building families accept compensation

The Ministry of Land Management yesterday convinced another 13 White Building families to accept compensation packages and vacate the site ahead of a major redevelopment project, leaving just 28 holdouts who continue to reject the terms. ...

Kong Meta
http://www.phnompenhpost.com/national/thirteen-more-white-building-families-accept-compensation

Korean chain Lotteria opens fifth local branch

South Korean food chain Lotteria, operated locally by Yinkok Food Corp, has expanded in Phnom Penh with its fifth branch opening in Dem Tkov market, according to a local media report yesterday. ...

The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/korean-chain-lotteria-opens-fifth-local-branch

Experts call on gov’t to encourage garment workers to vote

With the commune elections just around the corner, the government has yet to come up with a plan to help garment workers get to the polls.Many have come forward with concerns that they may be unable to get time off work or be able to ...

Hean Socheata
http://www.voacambodia.com/a/experts-call-on-government-to-encourage-garment-workers-to-vote/3877544.html

Investor interest still strong, says report

Cambodia is one of the emerging nations that attracts foreign investors in the real estate sector, thanks to its growth and good performance, according to a recent report from PropertyGuru. ...

Sum Manet
http://www.khmertimeskh.com/news/38915/investor-interest-still-strong--says-report/

TRC: Ensure mobile networks OK

The Telecommunication Regulator of Cambodia yesterday urged all mobile operators to ensure that their services remain uninterrupted throughout the remainder of the commune election campaign period and during this weekend’s polling. ...

May Kunmakara
http://www.khmertimeskh.com/news/38894/trc--ensure-mobile-networks-ok/

Building site arrests

A joint operation between government and city officials resulted in the arrests of 51 Chinese and 42 Vietnamese for illegally entering Cambodia and working without the correct permits. ...

Mom Kunthear
http://www.khmertimeskh.com/news/38902/building-site-arrests/

White Building families given deadline to leave

The government has given more than 400 White Building families a six-week deadline to sign contracts and move out, allowing Japanese investors to begin redeveloping the property.   ...

Pech Sotheary
http://www.khmertimeskh.com/news/38906/white-building-families-given-deadline-to-leave/

Small parties can't help you, says PM

Prime Minister Hun Sen has said voters should consider casting their ballot for the ruling CPP rather than for small parties that have done nothing for the country. In remarks posted on Facebook, Mr Hun Sen said: “Other small parties have only campaigned by promising this ...

Khuon Narim
http://www.khmertimeskh.com/news/38909/small-parties-can-t-help-you--says-pm/

Age is no barrier for candidates

Parties competing in the commune elections are pinning their hopes on young candidates winning the popular vote. Nhek Bun Chhay, president of the Khmer National United Party, said his party is focusing on youth candidates, with people aged between 25 and 32 making up 40 percent ...

Khy Sovuthy
http://www.khmertimeskh.com/news/38910/age-is-no-barrier-for-candidates/

Commune bosses 'need skill upgrade'

Speaking on Monday, Dr Touch pointed to an opposition CNRP policy of eliminating the Ministry of Rural Development and offering $500,000 dollars to commune chiefs to develop their local areas through projects such as road and bridge building. “We need commune chiefs who have studied to ...

Sen David
http://www.khmertimeskh.com/news/38908/commune-bosses--need-skill-upgrade-/

Logging arrests

A man and woman have been arrested after police and Forestry Department officers were tipped off about a pick-up truck carrying luxury timber across Kampong Thom province. ...

Ven Rathavong
http://www.khmertimeskh.com/news/38900/logging-arrests/

CPP, Opposition plan rival Friday rallies in Phnom Penh

The CNRP and the CPP will cap off two weeks of commune election campaigning on Friday with daylong processions, to which they expect to draw hundreds of thousands of people through opposite sides of Phnom Penh amid heightened security, party officials said on Tuesday. ...

Ben Sokhean
https://www.cambodiadaily.com/news/cpp-opposition-plan-rival-friday-rallies-in-phnom-penh-130763/

Suits filed over ponzi schemes

Nearly 7,500 Cambodians who have fallen victim to ponzi schemes have come forward to file class-action lawsuits against three companies that allegedly cheated them out of nearly $60 million, officials said yesterday, estimating that the companies may have defrauded as many 50,000 victims to the ...

Hor Kimsay
http://www.phnompenhpost.com/business/suits-filed-over-ponzi-schemes

Land minister urges White Building residents to support CPP

Land Management Minister Chea Sophara rallied residents of Phnom Penh’s condemned White Building to vote for the CPP on Tuesday, repeating calls he made last month to the apartment block’s homeowners. ...

Sek Oudom
https://www.cambodiadaily.com/news/land-minister-urges-white-building-residents-to-support-cpp-130759/

Call to increase tax on tobacco

The government has been urged to increase tax on tobacco to improve public health and reduce poverty in the country. ...

Ven Rathavong
http://www.khmertimeskh.com/news/38855/call-to-increase-tax-on-tobacco/

Amnesty International criticizes Country’s ‘Corrupt’ court system

Amnesty International today accused the ruling CPP of using its grip on the judiciary to systematically harass and intimidate civil society and urged the government to drop cases against opposition activists and human rights defenders. ...

George Wright and Chhorn Phearun
https://www.cambodiadaily.com/news/amnesty-international-criticizes-countrys-corrupt-court-system-130667/

Bank South Pacific expands into Asia

The Papua New Guinea-based Bank South Pacific has announced its expansion into Asia with its first Cambodian branch. ...

May Kunmakara
http://www.khmertimeskh.com/news/38839/bank-south-pacific-expands-into-asia/

Mizuho opens Phnom Penh branch

Mizuho Bank, one of largest banks in Japan, has started operations in Cambodia with its first branch in Phnom Penh. ...

Chea Vannak
http://www.khmertimeskh.com/news/38837/mizuho-opens-phnom-penh-branch/

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