The Phnom Penh Post

Market-based approach to development

Phav Daroath recently became the first Cambodian to be selected for the Forbes 30 Under 30 Asia list for social entrepreneurship. The Post’s Matthieu de Gaudemar sat down with Daroath, the managing director of the local nonprofit organisation WaterSHED, to talk about the value of ...

Logging trucks seized in Ratanakkiri

Authorities intercepted four trucks carrying 81 pieces of illegal luxury timber at a checkpoint in Ratanakkiri province’s O’Yadav district last Friday, District Military Police Commader Sok Min said on May 7. “The trucks and timber were hidden in the rubber plantation of a company located ...

After 50 years, Asian Development Bank looks ahead

The Asian Development Bank set out its strategy for the next decade during the launch of its 50th annual meeting in Japan over the weekend, while also recognising the challenges that remain for the 300 million people still living in poverty in Asia. Addressing the ...

NEC defends printing of extra ballots for vote

The National Election Committee on May 4 defended its decision to print 1.5 million extra ballots for the upcoming commune elections, saying the chances of misuse were minimal given better identification systems – though the opposition and civil society remained unconvinced. Following the NEC’s announcement that ...

Acleda profiting in foreign markets

Acleda Bank’s foreign operations in Laos and Myanmar performed well during the first quarter of 2017 while recording strong net profits last year, leading the bank to seek further regional expansion, according to a senior executive. Acleda has 41 commercial branches in Laos and six MFI ...

Ground broken for oil refinery

After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground on May 4 on a $1.62 billion project with an updated completion date set for the middle of 2019. The oil refinery, which will be built ...

Inquiry afoot after sand shipping video goes viral

The Ministry of Mines and Energy on May 2 said it was investigating potential irregularities in the export of sand after a video from the NGO Mother Nature claiming that banned exports continued unabated went viral yesterday, racking up hundreds of thousands of “likes”. While the ...

Rice millers balk at export fees

Numerous members of the Cambodia Rice Federation, the body tasked with lobbying on the sectors behalf, have stopped paying membership dues and export fees, claiming that they cannot afford to as the industry continues to struggle with high production costs and regional export competition. According ...

Court seeks arrest of RFA reporter

The Phnom Penh Municipal Court on May 2 stepped up its pressure on Radio Free Asia reporter Chun Chanboth by issuing an arrest warrant for him, hours after his lawyer submitted a written statement admitting Chanboth had joined an opposition delegation visiting Prey Sar prison, but ...

Illicit trade costs millions

Illicit financial flows in and out of Cambodia starved the Kingdom of at least $360 million in lost taxes annually between 2005 and 2014, according to a new report. The US-based nonprofit Global Financial Integrity measured illicit financial flows – the illegal movement of money ...

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