Too many unions: owners
In a strongly worded defence of the proposed trade union law, employer association CAMFEBA released a position paper yesterday claiming the law would curb instances of illegal strikes and a proliferation of minority unions, which it says is needed to harmonise the country’s troubled industrial ...
Charles Rollet and Ananth Baliga
http://www.phnompenhpost.com/business/too-many-unions-owners
Gov’t increases funding for children’s hospitals
Kantha Bopha Children’s Hospital will receive an additional $2 million this year from the government purse, Prime Minister Hun Sen said yesterday. ...
Chhay Channyda
http://www.phnompenhpost.com/national/govt-increases-funding-childrens-hospitals
Crackdown on vehicles with unpaid tax
The General Department of Customs and Excise at the Ministry of Economy and Finance vowed to take legal action against those using vehicles with unpaid tax and unapproved modifications after relevant authorities had advised them through educational announcements. General Department of Customs and Excise director-general ...
Voun Dara
https://www.phnompenhpost.com/national/crackdown-vehicles-unpaid-tax
Cambodia’s trade deficit widens to $7.66 billion
Cambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. ...
Chea Vannak
https://www.khmertimeskh.com/50698301/cambodias-trade-deficit-widens-to-7-66-billion
Securities Exchange Commission says there is no lack of auditors
The Securities Exchange Commission of Cambodia (SECC) has responded to concerns that a lack of licensed auditors may be affecting listed companies’ ability to submit interim financial results in full and on time to the market regulator. ...
Harrison White
https://www.khmertimeskh.com/50780007/securities-exchange-commission-says-there-is-no-lack-of-auditors/
SECC launches excellence programme 2
The Securities and Exchange Commission of Cambodia (SECC) launched here on Nov. 23 the “Excellence Programme 2” to help small- and medium-sized enterprises prepare for stock market listing. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50785547/secc-launches-excellence-programme-2/
SECC, Australia team up to improve domestic capital mobilisation for infrastructure investment
The Australian Government joined the Securities and Exchange Commission of Cambodia (SECC) to launch the landmark Domestic Capital Mobilisation for Infrastructure Investment through the Security Market Project. ...
Chea Vannak/AKP
https://www.khmertimeskh.com/50771221/secc-australia-team-up-to-improve-domestic-capital-mobilisation-for-infrastructure-investment/
In-principle nod given to securities companies in Kingdom
The Securities and Exchange Commission of Cambodia (SECC) on January 5 approved in principle a handful of applications for licences. In a press release on the minutes of an SECC meeting led by chairman and Minister of Economy and Finance Aun Pornmoniroth, the securities regulator ...
Thou Vireak
https://www.phnompenhpost.com/business/principle-nod-given-securities-companies-kingdom
Kingdom joins ASEAN securities plan
The newly-renamed Securities and Exchange Regulator of Cambodia (SERC) and its nine capital-market-regulator counterparts in ASEAN on March 15 signed a new five-year Action Plan 2021-2025 for the development of the sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-joins-asean-securities-plan
How the US Fed’s forecast affects local economy
The Cambodian economy is not insulated from fears of inflation and the selloff of US bonds, according to a financial analyst. US Federal Reserve Chair Jerome Powell reaffirmed the US’ quantitative easing policy to spur a turnaround in the country’s economy. ...
Husain Haider
https://www.khmertimeskh.com/50829301/how-the-us-feds-forecast-affects-local-economy/
Sokhonn addresses non-aligned movement
Minister of Foreign Affairs and International Cooperation Prak Sokhonn said it is only with true multilateralism that the international community will be able to address the current major challenges because they are global in impact. ...
Voun Dara
https://www.phnompenhpost.com/national-politics/sokhonn-addresses-non-aligned-movement
Mr. Sun Chanthol: Cambodia does not discriminate in the source of funding provided for the development of the public sector
Mr. Sun Chanthol, Minister of Public Works and Transport, said that Cambodia does not discriminate between sources of funding for public sector development, while China remains the number one provider of loans and assistance in building road infrastructure in Cambodia. ...
Long Kimmarita
https://www.postkhmer.com/national/2021-08-31-1114-222710.html
Kingdom hops on BRI digital taxation wagon
Cambodia is committed to harnessing digitalisation for better coordination in tax administration, as a jurisdiction that subscribes to China’s Belt and Road Initiative (BRI), according to a General Department of Taxation (GDT) press release issued on September 12. ...
Thou Vireak
https://www.phnompenhpost.com/business/kingdom-hops-bri-digital-taxation-wagon
Cambodia’s garment exports up by 11.4% in Jan-Sept 2021
Cambodia exported $8.2417 billion worth garments between January and September this year—a hike of $843.4 million or 11.4 per cent over the same period last year, the general department of customs and excise said. ...
Khmer Times Staff
https://www.khmertimeskh.com/50960588/cambodias-garment-exports-up-by-11-4-in-jan-sept-2021/
Customs excise revenue hits $2.065 billion as revenue trend recovers
The General Department of Customs and Excise of Cambodia has collected $2.065 billion for the national budget in the first 11 months of this year. This was confirmed by Kun Nhim, Minister Delegate to the Prime Minister and Director General of Customs and Excise of ...
Khmer Times Staff
https://www.khmertimeskh.com/50989989/customs-excise-revenue-hits-2-065-billion-as-revenue-trend-recovers/
Techo Sen road repair course starts
The Techo Sen Institute of Public Works and Transport (TSI) announced the launch of a capacity building project on road maintenance methods to improve sustainable infrastructure in Cambodia, Laos and Vietnam, with the expectation that the project will provide an opportunity for the three countries ...
Long Kimmarita
https://www.phnompenhpost.com/national/techo-sen-road-repair-course-starts
Kampong Speu residents blast Kampong Speu Provincial Department of Public Works and Transport Director
Criticisms have been levied against the Director of the Department of Public Works and Transport of Kampong Speu for the inaction despite roads in the province being heavily damaged. ...
Khmer Times Staff
https://www.khmertimeskh.com/501070632/kampong-speu-residents-blast-kampong-speu-provincial-department-of-public-works-and-transport-director/
2km Mekong bridge announced
The Ministry of Public Works and Transport has announced the project “Construction of the first bridge across the Mekong River in Kratie province” ...
Khmer Times Staff
https://www.khmertimeskh.com/501333281/2km-mekong-bridge-announced/
Protecting against investment fraud in the securities sector
While no investment is entirely without risk, the Securities and Exchange Regulator of Cambodia (SERC) is 100 per cent committed to ensuring that investors in the Kingdom are protected from fraudulent practices. ...
Foreign ministry holds diplomatic-business friendship golf tournament
The National Institute of Diplomacy and International Relations (NIDIR) of the Ministry of Foreign Affairs and International Cooperation (MFA.IC) organised here at the Garden City Golf Club on Oct. 3 the “Diplomacy-Business Friendship Golf Tournament” under the presidency of Deputy Prime Minister SokChendaSophea, Minister of ...
Khmer Times Staff
https://www.khmertimeskh.com/501371074/foreign-ministry-holds-diplomatic-business-friendship-golf-tournament/