Minister says Cambodia Chamber of Commerce lagging behind
The Minister of Industry and Handicrafts on Monday said the Cambodia Chamber of Commerce (CCC), the country’s most prominent private-sector lobbying group, should be doing more for the country’s entrepreneurs. “Honestly, even though the Cambodia Chamber of Commerce has more resources, it has not provided ...
Kang Sothear
http://www.cambodiadaily.com/business/minister-says-cambodia-chamber-of-commerce-lagging-behind-71129/
Cambodia sets minimum wage below union demands
Cambodia on Wednesday increased the monthly minimum wage for garment workers by 28% to $128, falling short of union workers’ demands and creating the potential for further strikes in the country. Ath Thun, president of the Coalition of Cambodian Apparel Workers’ Democratic Union, said the ...
James Hookway and Sun Narin
http://online.wsj.com/articles/cambodia-sets-minimum-wage-below-union-demands-1415789944
Official defends imprisonment of activists to visiting US envoy
A secretary of state at the Foreign Affairs Ministry on Tuesday defended the government’s widely criticized imprisonment of 11 activists and an opposition official during a closed-door meeting with a visiting U.S. diplomat. Daniel Russel, an assistant secretary of state at the U.S. government’s Bureau of ...
Khuon Narim
https://www.cambodiadaily.com/news/official-defends-imprisonment-of-activists-to-visiting-us-envoy-76819/
Environment officials to monitor conditions
The Ministry of Environment is set to join the Ministry of Labour in the monitoring of garment factory workplaces, after creating a working group that will probe the environmental safety of all plants in Cambodia. At a press conference at the ministry yesterday, Minister of Environment ...
Mom Kunthear and Sean Teehan
http://www.phnompenhpost.com/environment-officials-monitor-conditions
Two Vietnamese deported as census continues
Police in Ratanakkiri deported two more Vietnamese nationals living illegally in the northern province last week, bringing the number of expulsions to 14 as the Ministry of Interior’s census of foreigners continues, police said. This year’s census—which is now complete in Ratanakkiri, according to officials ...
Khy Sovuthy
http://www.cambodiadaily.com/news/two-vietnamese-deported-as-census-continues-67812/
Rice competitiveness a worry
The executive committee of the Cambodia Rice Federation (CRF) will meet with two ministries today to explore the possibility of reducing the logistical and energy costs of transporting rice, a key factor to keeping Cambodian rice exports competitive compared to neighbouring countries, a CRF official ...
Chan Muyhong
http://www.phnompenhpost.com/business/rice-competitiveness-worry
Special tax on QIP rolled back
The Ministry of Economy and Finance last week did away with a special tax on imported products that were being used for re-export, after Japanese businesses said that it undermined their status as Qualified Investment Projects. Under the Qualified Investment Projects (QIP) scheme, firms can ...
Charles Rollet
http://www.phnompenhpost.com/business/special-tax-qip-rolled-back
Government announces start of garment sector wage talks
The Labor Ministry on Friday announced that formal negotiations to set a new minimum wage for the country’s all-important garment sector—now at $128 a month—will begin in July, reviving the same schedule for talks it used with unions and employers for the first time last ...
Mech Dara
https://www.cambodiadaily.com/news/government-announces-start-of-garment-sector-wage-talks-85550/
SME board possible this year
Market regulator Securities and Exchanges Commission of Cambodia and Cambodia Securities Exchange are looking at reducing some of the current initial public offering requirements, as a way to attract more small- and medium-size businesses to list on the flagging exchange. ...
May Kunmakara
http://www.phnompenhpost.com/business/sme-board-possible-year
Rules passed for derivatives
Cambodia has moved to formalise its ill-regulated derivatives sector by launching a key regulation earlier this month.On July 2, the Securities and Exchange Commission of Cambodia (SECC) approved the prakas on the “Licensing and Supervision of Derivative Trading”. ...
May Kunmakara
http://www.phnompenhpost.com/business/rules-passed-derivatives
Capitol tours bus protesters skirmish with tuk-tuk drivers
A group of Capitol Tours bus drivers—five of whom claim they were fired for attempting to form a union—say they were attacked Monday by a group of more than 50 tuk-tuk drivers while protesting outside the transport company’s headquarters in Phnom Penh’s Prampi Makara district. ...
Sek Odom
https://www.cambodiadaily.com/news/capitol-tours-bus-protesters-skirmish-with-tuk-tuk-drivers-89641/
Union law could cost CPP the next election, labor leader warns
Draft legislation on trade unions will undermine the hard-won progress of labor unions here as well as violate fundamental rights enshrined in the Constitution, labor law and UN conventions, labor leaders said yesterday. ...
Chea Takihiro
http://www.khmertimeskh.com/news/14396/union-law-could-cost-cpp-the-next-election--labor-leader-warns/
MAFF, CFIU to exchange information on Money Laundering and Terrorism Financing
The Ministry of Agriculture, Forestry and Fisheries (MAFF) and Cambodia Financial Intelligence Unit (CFIU) of the National Bank of Cambodia will cooperate on information exchange related to money laundering and terrorism financing in the field of agriculture. ...
Khmer Times Staff
https://www.khmertimeskh.com/50915736/maff-cfiu-to-exchange-information-on-money-laundering-and-terrorism-financing/
Cabinet okays $8B for 2022 gov’t spending
The Cabinet on October 22 gave the nod to a draft budget of $8.013 billion for public spending in 2022, an increase of 6.8 per cent year-on-year, in a move expected to help power a prompt economic recovery as the Kingdom emerges from the ravages ...
Hin Pisei
https://www.phnompenhpost.com/business/cabinet-okays-8b-2022-govt-spending
CDC okays three textile-linked projects worth $19M
The Council for the Development of Cambodia (CDC) on April 29 announced that it had greenlit final registration certificates for three projects in textile-linked sectors with total capital investment of nearly $19 million that are expected to create 2,005 jobs. ...
Hom Phanet
https://www.phnompenhpost.com/business/cdc-okays-three-textile-linked-projects-worth-19m
Techo Sen Institute, Chang’an University sign MoU on infrastructure development cooperation and training
Techo Sen Institute of Public Works and Transport and China’s Chang’an University have reached a memorandum of understanding on technical cooperation of road construction and infrastructure development. ...
Khmer Times Staff
https://www.khmertimeskh.com/501095916/techo-sen-institute-changan-university-sign-mou-on-infrastructure-development-cooperation-and-training/
Cambodia, Laos launch KHQR-LAOQR cross-border payments
The National Bank of Cambodia (NBC) and Bank of the Lao PDR (BOL) on Friday launched the cross-border payment via QR Code in Laos in the first phase, said a statement. ...
Kang Sothear
https://www.khmertimeskh.com/501345965/cambodia-laos-launch-khqr-laoqr-cross-border-payments/
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs
Cambodia-Oz trade dips 8.5%
Cambodia’s exports to Australia reached $236.92 million in the first eight months of 2023, marking a six per cent decline from the $252.16 million recorded during the same period last year, according to the General Department of Customs and Excise (GDCE). ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodia-oz-trade-dips-85
Nearly 30,000 firms with $8.6B capital register on OBRS
Some 29,311 companies with a total capital of $8.6 billion have successfully registered their businesses through the Online Business Registration System (OBRS) via IT Platform phase 1, compared to $5.8 billion capital and 20,693 firms on January 2, 2023. ...
Hin Pisei
https://www.phnompenhpost.com/business/nearly-30000-firms-86b-capital-register-obrs