The Phnom Penh Post
MFIs predict lower earnings
With the interest rate cap of 18 percent in full force for all new and restructured microfinance loans after the National Bank of Cambodia issued a populist measure to curb high interest rates, microfinance institutions are starting to give predictions for lower profits this year ...
Hun Sen endorses ‘One China’
Prime Minister Hun Sen has reaffirmed the country’s commitment to supporting Beijing’s One China policy during a meeting with a Chinese official, a stance one expert called “obsequious”. State-run media outlet AKP quoted Kao Kim Hourn, an official attached to the Prime Minister in charge ...
Promoting industrial development
As Cambodia moves forward with its Industrial Development Policy, the government is seeking support from international organisations for smooth implementation. The Post’s Kali Kotoski sat down with Li Yong, director-general of the United Nations Industrial Development Organization, to discuss his findings and how the organisation ...
Pestech awarded $100M transmission line contract
Malaysian-owned power infrastructure provider Pestech (Cambodia) Ltd has been awarded a contract to build a 230-kilovolt transmission line valued at $100 million to connect Koh Kong province’s Stung Tatai hydropower dam to Phnom Penh, according to a filing on the Malaysian stock exchange. The deal, ...
Economy to face new challenges
Cambodia’s economic growth remained strong last year though the Kingdom must now address major systemic challenges to build on its ascension into lower-middle income status in order to maintain healthy levels of development, the Asian Development Bank said in its annual report on April 6. ...
Water utility widens revenue stream
The capital’s listed water utility inaugurated a new treatment facility on April 5 that will increase its production capacity of clean water by 30 percent, and add to its revenue stream – a move likely to impress its shareholders. Phnom Penh Water Supply Authority (PPWSA) officials ...
Asylum seeker family awaiting deportation
The asylum applications of all but three Montagnards in Phnom Penh have been rejected, though an appeal window remains open for the group, an official said yesterday, as the government prepares to repatriate at least four members of the ethnic minority back to Vietnam. Yesterday’s ...
Ballot positions announced
The National Election Committee on April 5 released the order in which political parties will appear on the ballot for the upcoming commune elections, using the existing system of randomly assigning party placements in each commune, causing some political parties and observers to raise concerns over ...
Startups turn heads in Silicon Valley
Cambodia’s startups have clamoured to attract foreign venture capital, and now even Silicon Valley is paying attention. Last month, local media and entertainment site Khmerload – described by some as Cambodia’s version of Buzzfeed – secured $200,000 in investment from the regional arm of California-based ...
Millers push for China access
Amid concerns that the European Union could reject shipments of Cambodian rice, exporters are pushing for more access to China as an alternative market for the Kingdom’s principal agricultural commodity. Hun Lak, vice president of the Cambodia Rice Federation (CRF), said just 26 Cambodian millers ...
