Login Register

Logo of Phnom Penh Post newspaper Phnom Penh Post - Shocking raise

Shocking raise

| Publication date 04 November 2005 | 07:00 ICT

Shocking raise

The government has agreed to a proposal from national utility supplier Electricité

du Cambodge (EdC) to increase electricity prices starting from November 5.

The proposal put forward by the EdC will raise rates by 11 percent from 800 riel

to 890 riel per kWh for embassies, foreign businesses and institutions, and homes

occupied by foreigners.

The increase comes amid rising fuel prices that have jumped 21 percent over recent

months. The spike in fuel prices has outstripped the exchange rate and induced inflationary

pressures, EdC said.

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group