The Phnom Penh Post
Economy resilient to global headwinds: World Bank
Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next several years, according to the World Bank’s latest report. The latest Global Economic Prospects report from the World Bank, titled “Weak ...
Lao energy not so ‘cheap’: experts
During a visit to the Lao border on January 10, Prime Minister Hun Sen thanked the government of Laos for “selling electricity at a cheap price to Cambodia”. Experts, however contend a continued reliance on energy imports means prices will invariably remain high for consumers. ...
Takeo zoo animals to get new home in SR
A group of animals, including a family of gibbons, currently living at Takeo province’s Phnom Tamao Zoo are set to be transferred to Siem Reap’s Banteay Srei district in a bid to boost eco-tourism. The animals will be moved to the Khun Ream rosewood farm ...
Apparel factory closures debated
Questions have been raised about the health of Cambodia’s $6 billion garment sector after local media reported that over 140 garment factories shut down operations last year. Ministry of Labour spokesman Heng Sour, the source of the figure cited in local media, stood by the ...
Prahok makers complain of high prices in capital
Every year, traders and farmers travel from the provinces to Phnom Penh’s Russey Keo district to buy fish to produce prahok paste, but with this year’s prahok season ramping up, high prices have pushed many of them to camp in tents along the riverbank, waiting ...
Kampot pepper pact keeping prices stable
Kampot pepper prices are set to remain stable for another year as part of an agreement between local producers that caps prices through the end of 2017, a representative of the pepper association said on January 8. Ngoun Lay, president of the Kampot Pepper Promotion ...
Decline in transfers linked to rice prices
International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last year as a result of lower rice prices, a bank executive said on January 8. In Channy, president and group ...
S’ville airport’s passenger subsidy scheme renewed
A marketing initiative rolled out last year that provides monetary incentives to airlines that use Sihanoukville’s airport for international flights has been credited in part with encouraging airlines to open new routes and increasing the amount of passenger traffic to the coastal airport. Last January, ...
Import ban on petrol aims at plugging leaks
Cambodia will prohibit land-based imports of refined petroleum products from January 1 to eliminate smuggling along the country’s borders and improve the efficiency of customs revenue collection, officials said on December 29. According to the General Department of Customs and Excise, which announced the ban ...
Port plan to lower freight costs
A massive $300 million expansion of the Kingdom’s principal seaport announced this week will significantly improve supply chain logistics, reduce transport costs, and increase the competitiveness of Cambodian goods in international markets, private sector leaders said on December 29. Sin Chanthy, president of the Cambodia ...
