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 to Vietnamese customs data. The figures, collected by US NGO Forest Trends, reveal that in 2016 Vietnam imported 139,306 cubic metres of logs from Cambodia, a sharp rise from 59,292 cubic metres in 2015 and just 460 in 2014. The imports saw a staggering spike in November and December of last year.
Cambodian mobile operator Smart Axiata launched a $5 million venture capital fund yesterday that will seek to identify, fund and nurture local digital services companies and startups. The Smart Axiata Digital Innovation Fund will seek “to invest in ideas and businesses in the digital ecosystem to spark the development of a robust digital economy that will help grow Cambodia as a whole”. “A new chapter in Cambodia’s digital journey is about to start as we anticipate that the fund will kickstart the next wave of digital growth,” said Thomas Hundt, CEO of Smart Axiata.
Phnom Penh deputy governor Ieng Aunny yesterday 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 Cintri’s ongoing failure to meet the city’s needs. Phnom Penh began to delegate waste management duties to its districts and communes last year, with City Hall handing responsibility for the services to the city’s final four districts in December.
As the Kingdom pushes ahead with a controversial nationwide drug crackdown, Ke Kim Yan, the president of the National Authority for Combating Drugs (NACD), called yesterday for expanded powers to detain drug users in “treatment facilities” against their will and without trial. The remarks were made at the NACD’s yearly conference, where a report from the agency was released yesterday that revealed a 1-tonne shipment of cocaine destined for Sihanoukville had been intercepted in Shanghai in November.
In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financial services.
Post Khmer Editor-in-Chief Kay Kimsong sat down with Dr In Channy, President and Group Managing Director of ACLEDA Bank Plc, to explore the main principle guiding Cambodia’s biggest bank.
At the launch of Phnom Penh's newest market, The Post spoke to customers and stallholders about what the hub of bars, food stalls, shops and live music will add to the city's nightlife.
Phnom Penh and Beijing are in talks to become “sister cities”, chief of the Chinese Embassy’s political section Wang De Xin confirmed yesterday.
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.
Ly San has an unusual mission for a law student: promoting authentic Khmer cuisine and studying its roots.
Well-known in Cambodia and rapidly expanding, hire purchase and vehicle finance company GL Finance (GLF) has teamed up with Tennis Cambodia as the main sponsors of the Kingdom’s Asia/Oceania Group IV Davis Cup campaign in Bahrain from Ap
German engineering wasn’t enough to help two motorists escape after smashing their luxury car into a street divider in the capital’s Daun Penh district yesterday.
Through the weekend, Freedom Park will be showcasing examples of sustainable design, local crafts, art and concerts, in a first-time festival dedicated principally to bamboo and its use in construction.
In today’s world of fast-changing technology, Cambodia is seeing increasing innovation in financi