News

Grow Asia targeting six local cash crops

Grow Asia, which formally launched a partnership with Cambodia late last year, will reconvene on June 13 in Phnom Penh to kick-off working groups between the public and private sector, including NGOs, after targeting six crops for market potential. The Grow Asia program is a multi-stakeholder ...

Phillip Bank launches collateral-free credit

Singapore-based Phillip Bank announced on 2 June that Cambodian borrowers that can prove a consistent monthly income will be able to access lines of credit without putting down collateral. The bank, which recently formed a lending partnership with New Union (Cambodia), a branch of a Singaporean credit ...

PM raises doubts on ASEAN economic community

Prime Minister Hun Sen questioned on 1 June the extent of the ASEAN Economic Community’s commitment towards forming an inclusive economic region as countries continue to compete with each other for agricultural exports and inflows of foreign direct investment. Cambodia, which was the last member to join ...

Customs pressures exporters to register with GDT

Cambodia’s Customs Department announced on May 27 that it would stop processing paperwork for import and export companies, and halt cross-border activity if they fail to meet today’s deadline for online tax registration. For companies that had yet to receive an official value-added tax licence by ...

Try Pheap inks $300M seaport deal with Hong Kong company

Timber magnate Try Pheap signed off on a $300 million seaport project with industry heavyweight Hutchison Port Holdings on 30 May, according to Kep provincial governor Ken Sotha. “The two companies held the signing ceremony in Cambodia’s Kep province, but the international port is going to be ...

Timber trade continuing despite ban, data shows

Customs data from Vietnam confirms that thousands of cubic meters of wood worth millions of dollars is continuing to reach the country from Cambodia despite a blanket ban placed on such exports four months ago. Soeng Sophari, a spokeswoman for the Commerce Ministry, which manages and ...

GI status for Tbong Khmum pepper unlikely

With 72 per cent of Cambodian black pepper production coming from Tbong Khmum province, agriculture officials are calling for it to receive Geographic Indicator status to promote the spice for export. Hean Vanhan, deputy-general director of the general department of agriculture, said on 30 May that if ...

Cambodia and Thailand edging closer to nuclear power

Step by step, Cambodia and Thailand are edging towards nuclear power generation as the region hunts for vast, stable power sources to fuel rapid development and improve the livelihoods of growing populations. As the debate over nuclear grows, so do the region’s power needs. According to ...

Timber exports to Vietnam way up

Legal timber exports to Vietnam – the bulk of them rosewood – soared between 2013 and 2015, with the volume of logs exported increasing by a factor of 142 and seven times as much sawn wood passing across the border, according to a report by ...

Dam firm hasn’t made good on pledge: locals

Some 100 people from five villages in Oddar Meanchey’s Chongkal district, Cambodia protested over the weekend against a hydropower dam project built by Chinese firm Sinohydro, claiming they have yet to be compensated for their eventual displacement when the flood gates close in the next ...

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