The Phnom Penh Post
Oil firm ready to ink production-sharing agreement
Executives at Singapore-listed energy firm KrisEnergy Ltd say they have settled terms with the Cambodian government and are ready to sign a long-awaited production-sharing agreement that would pave the way for the first-ever extraction of petroleum from Cambodian territorial waters. Kelvin Tang, KrisEnergy’s chief operating ...
Swedish aid agency offers funds for SMEs
Sweden’s development agency will provide $7 million to foster the development of small- and medium-size enterprises (SMEs) in Cambodia, according to state-run news agency AKP. Keep reading ...
Capital still struggling with waste
Phnom Penh deputy governor Ieng Aunny on March 28 acknowledged that the capital continues to struggle with waste management despite recent decentralisation measures, laying the blame with districts’ and communes’ lack of awareness of their new responsibilities, as well as what he characterised as contractor ...
Exports of logs double in 2016
Despite a ban on the export of timber to Vietnam and the creation of a much-publicised anti-logging task force, Cambodia last year still exported nearly $33 million dollars’ worth of unprocessed logs to its eastern neighbour, a volume more than double that of 2015, according ...
Push to reduce chemical dependency
The Ministry of Agriculture is working to develop a procedural framework for the trade and use of biological control agents in agriculture in an effort to improve crop yields, protect consumer health and ensure continued access to key export markets. Regulation could also create opportunities ...
Coastal economy rises on tourist tide
Preah Sihanouk province welcomed nearly 2.4 million tourists in 2016, generating $96 million in revenue, following a significant rise in domestic and international tourist arrivals, a tourism official said yesterday. Overall arrivals to the coastal province grew by 37 percent last year compared to 2015, ...
Cambodia bans breast milk exports after international media coverage
Cambodia has permanently banned the sale and export of human breast milk a week after suspending exports by an American company that was harvesting it from impoverished mothers. In a letter to the Ministry of Health on March 28, Cambodia’s governing Council of Ministers officially ...
MFIs seek regulator’s support
The apex body for the nation’s microfinance industry announced yesterday that the central bank had tentatively agreed to a number of measures it had requested to ease the burden on microfinance lenders following last week’s unilateral decision to cap annual interest rates at 18 percent ...
More kids in care than thought: study
Almost one in every 100 children in Cambodia is living in a residential care institution, a number far higher than previous estimates, according to a new report in the British Medical Journal. Around 70 percent of the children in Cambodia’s orphanages are estimated to have ...
Derivatives licensing capped by regulator
Cambodia’s capital market regulator announced on March 22 that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. The Securities Exchange Commission of Cambodia said in an ...