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Deal inked for $19m biodiverse landscapes fund

The British Embassy Phnom Penh and the Secretary of State of the Ministry of Environment on Thursday signed a Memorandum of Understanding (MoU), formalizing cooperation on the UK’s Biodiverse Landscapes Fund (BLF) in Cambodia. ...

Mon Sokeo
https://kiripost.com/stories/cambodia-deal-inked-for-19m-biodiverse-landscapes-fund

Ministry of Inspection to leave no stone unturned

The Ministry of Inspection is dedicated to carefully examining all sectors, both national and sub-national, to prevent and adopt various actions to combat corruption, said Minister Huot Hak. ...

Som Sotheary
https://www.khmertimeskh.com/501418149/ministry-of-inspection-to-leave-no-stone-unturned/

New factories employe nearly 28k

The Ministry of Industry, Science, Technology and Innovation (MISTI) has reported that 77 new factories opened in Cambodia in the first three months of 2020, employing a total of 27,909 workers. ...

Sok Chan
https://www.khmertimeskh.com/50716520/new-factories-employe-nearly-28k/

Chinese modernization delivers economic growth for the world, says Cambodian Think Tank director

“China was the powerhouse of economic growth globally for the last 30 years. Now, this modernization program can help to deliver more economic growth for the world,” said Digby James Wren, a senior special adviser to, and director of the Mekong Research Center, the International ...

Khmer Times Staff
https://www.khmertimeskh.com/501190553/chinese-modernization-delivers-economic-growth-for-the-world-says-cambodian-think-tank-director/

Finance Ministry Defends Ambiguity in 2014 Budget Bill

The Finance Ministry on Wednesday defended itself against recent reports that some 45 percent of the government’s $3.4 billion draft budget for 2014 remains unallocated, issuing a statement explaining that the money will pay for loans, subsidies and other vital expenses. According to the statement, ...

Hul Reaksmey
http://www.cambodiadaily.com/news/finance-ministry-defends-ambiguity-in-2014-budget-bill-47530/

Banking sector firms up its foundations

Cambodia’s banking sector enjoyed another strong performance last year as the Kingdom’s economy continued to expand, with banking credit moderating, deposits increasing and financial institutions remaining healthy as they further integrate into the global economy, the central bank said in its annual report yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/banking-sector-firms-its-foundations

Cambodian garment unions threaten strike after wage demand is voted down

Cambodian unions have warned of possible strikes after a tripartite working group voted down their demand for a U.S. $40 increase in the monthly minimum wage for garment factory workers. Twenty-seven representatives of unions, factory owners and the government decided in a secret vote in Phnom ...

Roseanne Gerin
http://www.rfa.org/english/news/cambodia/garment-workers-wages-10302014185252.html

Cambodian cabinet approves 3 draft laws to strengthen judicial system

The Council of Ministers of Cambodia on Friday passed three draft laws, designed to strengthen the country’s longtime-criticized judicial system, according to a government media statement. The green light was given during a weekly cabinet meeting, which was chaired by Prime Minister Hun Sen. ...

Authint Mail News Staff
https://www.authintmail.com/article/asia/cambodian-cabinet-approves-3-draft-laws-strengthen-judicial-system

Land Minister addresses corruption

Land Management Minister Chea Sophara on Thursday instructed cadastral officials throughout the country to ensure accurate measurements and avoid corruption when demarcating people’s land. The instruction came after the ministry obtained sophisticated equipment using Global Navigation Satellite System (GNSS) technology. ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/land-minister-addresses-corruption

Unstoppable worker outflow dims Cambodia's future prospects

Despite Thailand’s latest effort to stem the flow of migrants, workers from Cambodia continue to cross the border, as they try to flee an economy that offers little reward for their work. ...

Danielle Keeton-olsen
https://asia.nikkei.com/Spotlight/Drifting-Cambodia/Unstoppable-worker-outflow-dims-Cambodia-s-future-prospects

Government reduces tax load on MFIs receiving money from abroad

The Ministry of Economy and Finance (MEF) recently decided to shrink the tax burden for local microfinance institutions (MFIs) by lowering withholding tax on interest from loans acquired from abroad from 14 to 10 percent, a move that the government claims will keep the massive ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-reduces-tax-load-mfis-receiving-money-abroad

NBC’s Chanto: Kingdom’s growth will hit 6% in 2023

The central bank governor has set a six per cent target for Cambodia’s economic growth in 2023 – higher than the 5.2-5.8 per cent forecast by major international institutions such as the Asian Development Bank (ADB), World Bank (WB) and International Monetary Fund (IMF). ...

Rann Reuy
https://www.phnompenhpost.com/national/nbcs-chanto-kingdoms-growth-will-hit-6-2023

ANZ, MFI partner to bridge financial sectors

ANZ Royal Bank and local microfinance institution Hattha Kaksekar Limited (HKL) on Monday entered into the first partnership of its kind in Cambodia in a bid to bring together clients from either side of the financial spectrum. Following the signing of a Memorandum of Understanding at ...

George Styllis
http://www.cambodiadaily.com/business/anz-mfi-partner-to-bridge-financial-sectors-60902/

Siam Kubota launches Cambodia, Laos units

Siam Kubota Corporation Co Ltd is set to expand its business by opening subsidiaries in Cambodia and Laos as part of its preparation for the launch of the ASEAN Economic Community (AEC) in 2015. Siam Kubota has invested a total of Bt68 million in the two ...

Erich Parpart
http://www.nationmultimedia.com/business/Siam-Kubota-launches-Cambodia-Laos-units-30228172.html

Joint project on agri-tech launches in Mondulkiri

The Centre for Excellence on Sustainable Agricultural Intensification and Nutrition (CE SAIN) – a joint development effort by the Ministry of Agriculture, Forestry and Fisheries, the Royal University of Agriculture, Kansas State University in the US and the US government’s USAID development agency – inaugurated ...

Yuth Vireak
https://www.phnompenhpost.com/national/joint-project-agri-tech-launches-mondulkiri

New sub-decree aims to manage non-tax revenue collection

The government yesterday released sub-decree No 72 to enhance efficiency and transparency in the management of non-tax revenue. The new regulation sets the mechanism to be followed when collecting, recording and monitoring non-tax revenue, including income collected from ministries, public institutions, province-level administration and state ...

Sok Chan
https://www.khmertimeskh.com/50502236/new-sub-decree-aims-to-manage-non-tax-revenue-collection/

Ministry scolds park rangers

The Environment Ministry on Tuesday issued two directives reminding park rangers to properly manage their small arms and refrain from donning unsanctioned uniforms. According to the first directive, rangers must follow 10 points on how to properly store their weapons, meet safety standards and when to ...

Pech Sotheary
https://www.khmertimeskh.com/50642429/ministry-scolds-park-rangers/

Government scrubs database that exposed Hun family riches

The Commerce Ministry has scrubbed its website of all corporate shareholder information since last month’s release of a report damned by Prime Minister Hun Sen’s children for shedding light on the first family’s sprawling business empire. ...

Zsombor Peter
https://www.cambodiadaily.com/news/government-scrubs-database-exposed-hun-family-riches-116772/

Ministry to crack down on illegitimate firearm use by cops

Police officers have been committing crimes using firearms supplied to them by their superior officers, according to Ministry of National Defense spokesman General Chhum Socheath. ...

Buth Reaksmey Kongkea
http://www.khmertimeskh.com/news/22274/ministry-to-crack-down-on-illegitimate-firearm-use-by-cops/

Hun Sen promises weekly garment factory visits

Prime Minister Hun Sen announced on Friday that he will make weekly visits to garment factories across the country to better understand the demands and needs of workers, in what some observers said could be an attempt to appeal to potential voters before next July’s ...

Kong Meta
http://www.phnompenhpost.com/national/hun-sen-promises-weekly-garment-factory-visits

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