The Phnom Penh Post
First mine licensed to draw gold
In a milestone for Cambodia’s nascent mining industry, the government has issued the first commercial mining licence to Mesco Gold, giving the Indian mining firm a green light to extract and process ore at its gold project in Ratanakkiri province, industry sources said on September ...
China agrees to double rice import quota: PM
China has agreed to double its rice import quota, Prime Minister Hun Sen announced at the opening of the first Chinese-Cambodia investment forum in Nanning, China on September 12, offering a much-needed boost to Cambodia’s beleaguered rice sector. The prime minister said China’s government had officially ...
Palm farmers eye a sweet deal
Palm sugar producers in Kampong Speu province say they are ready to scale up and meet demand as global consumer goods giant Unilever looks to source palm sugar for its products from the Cambodian market. Prak Sereywath, president of the Cambodia Institute for Research and Rural ...
Minimum wage talks kick off in Phnom Penh
The Labour Ministry put forth a suggested figure of $148.20 for next year’s minimum wage as tripartite wage talks started on Friday, leading some unions to say that they would consider lowering their demand of $179 in hopes of reaching a compromise. Kicking off the negotiations, ...
Lenders come out of the dark
More than a year into a government-backed campaign to clamp down on unlicensed lenders, nearly 130 small lenders operating under the radar have come into the fold, officials said on September 8. The Ministry of Economy and Finance and the National Bank of Cambodia launched a ...
Ratana decries lack of UXO aid
A top Cambodian demining official slammed US President Barack Obama’s widely heralded pledge to increase demining aid to Laos on September 6, faulting the US for what he characterised as its “marginal assistance” to Cambodia’s demining efforts. In a speech at the 2016 ASEAN Summit in ...
Thailand drops quotas on flights to Cambodia
Thailand has dropped its seat quota on commercial flights to Cambodia after its government approved the removal of the restrictions in accordance with an aviation agreement between the two countries signed in May. The approval comes months after Cambodia did the same, liberalising air travel ...
Misconceptions an obstacle to contraception use: study
The greatest obstacle to increased contraception use in Cambodia isn’t the price of birth control or the social stigma around using it, a new study has found, it is fear of side effects. What’s more, this fear may arise from the many disparate medical systems operating ...
Bank of China to expand operations in Cambodia
Bank of China, one of the five biggest state-owned commercial banks in China, will expand its operations in Cambodia by opening new branches in Siem Reap and Sihanoukville, a local bank executive said on September 6. Chen Chang Jiang, CEO of Bank of China Phnom Penh ...
Credit growth starts to cool off
New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less seasonal demand from ...
