Registration of garment factories up in first half
The number of garment factories registered in Cambodia reached 1,200 at the end of June, an 8 per cent increase over six months ago, according to data released by the Ministry of Industry and Handicraft. The report also showed that the garment sector employed 733,300 workers ...
Daniel de Carteret
http://www.phnompenhpost.com/business/registration-garment-factories-first-half
Villagers say community forest at risk
More than 100 families in Ratanakkiri’s O’Yadav district are seeking government intervention against an economic land concessionaire they allege has razed over 1,000 hectares of community forest, village leaders said yesterday. Five representatives for the 144 families departed yesterday to file a complaint at the provincial ...
Phak Seangly
http://www.phnompenhpost.com/national/villagers-say-community-forest-risk
Cambodia's trade with China's Hong Kong up 19 pct last year
Trade between Cambodia and China’s Hong Kong increased by 19 percent in 2013, thanks to good ties between China and Cambodia, Raymond Yip, assistant executive director of the Hong Kong Trade Development Council, said here Friday. The total trade value between Cambodia and Hong Kong amounted ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-02/21/c_133134205.htm
As Cambodia’s financial sector grows, so do its challenges
The National Bank of Cambodia on Wednesday hosted its first annual macroeconomic conference, outlining the need to ensure Cambodia’s rapidly growing financial sector supports sustainable and inclusive economic growth while managing greater risks. Cambodia’s banking and microfinance sectors have seen enormous growth in recent years with ...
Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/as-cambodias-financial-sector-grows-so-do-its-challenges-65414/
Cash-strapped S’ville casino looks to expand
The Israeli gaming firm behind Sihanoukville’s Queenco Casino is seeking investors to expand its operations in the seaside town, according to a report released by the company last week, but after six months of “cash flow distress” and losses of more than $1 million, those ...
George Styllis
http://www.cambodiadaily.com/business/cash-strapped-sville-casino-looks-to-expand-67596/
Starting a business in Cambodia is getting harder, report says
Almost every aspect of starting or operating a business in Cambodia is becoming more difficult, according to a World Bank report released Wednesday. “Starting a business in Cambodia requires 11 procedures, takes 101.0 days, costs 139.5 percent of income per capita and requires paid-in minimum ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/starting-a-business-in-cambodia-is-getting-harder-report-says-71343/
Parliament to fire some staff to be more effective: Spokesman
The National Assembly will cut some jobs in this fifth legislature in order to enhance the quality of its officials, an official said Tuesday. “Some staff don’t work, but they receive pay by just only coming to provide thumbprints,” parliament’s spokesman Chheang Vun said in ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/parliament-to-fire-some-staff-to-be-more-effective:-spokesman-7638
Expert urges gov’t to save site
An archaeologist is pleading the government to save an Angkorian-era canal before the work of brick makers completely erases the site. Built nearly 1,000 years ago, the 120-kilometre stone channel was used to transport building materials from a quarry to Angkor Wat, according to archaeologist Thuy ...
Phak Seangly
http://phnompenhpost.com/national/expert-urges-gov%E2%80%99t-save-site
MEF sets target for tax revenue
The Cambodian government is aiming to increase its revenue collection to $3.78 billion for 2015, on the back of strong tax and customs income. A directive signed by Monaster of Economy and Finance Aun Porn Moniroth on Monday says $2.75 billion will be collected via current ...
Hor Kimsay
http://www.phnompenhpost.com/mef-sets-target-tax-revenue
Most are OK with the new wage, not all
After meeting with members, several labour union leaders yesterday said that they will not hold protests against the government-set garment industry minimum wage for 2015. Minister of Labour Ith Sam Heng last week approved $128 as 2015’s minimum monthly wage in Cambodia’s garment sector. The increase, ...
Mom Kunthear
http://phnompenhpost.com/national/most-are-ok-new-wage-not-all
Cambodia to monitor all inbound flights after ban on Malaysian and Indonesian flights
Cambodia will closely monitor flights to the country after announcing the cancellation of inbound flights from Malaysia and Indonesia from August 1. ...
Khmer Times Staff
https://www.khmertimeskh.com/50750082/cambodia-to-monitor-all-inbound-flights-after-ban-on-malaysian-and-indonesian-flights/
Capital gains tax delayed to 2022
The government has decided to delay the implementation of capital gains tax to Jan 1, 2022, according to a statement from the General Department of Taxation (GDT). ...
Sok Chan
https://www.khmertimeskh.com/50776024/capital-gains-tax-delayed-to-2022/
11 Provinces enjoy better sanitation and hygiene services
Thanks to Plan International Cambodia, some 1.5 million Cambodians in 11 provinces are now able to enjoy improved hygiene and sanitation services. ...
Buth Sela
https://www.khmertimeskh.com/50800513/11-provinces-enjoy-better-sanitation-and-hygiene-services/
Cambodia’s economy forecasted to grow by 5.5 percent in 2022 despite gloom this year
Cambodia’s economy is forecast to experience a rebound of 5.5 percent in 2022 despite a modest reduced 1.9 percent growth is forecasted this year amid the prolonged coronavirus pandemic, according to the Asian Development Bank (ADB). ...
Khmer Times Staff
https://www.khmertimeskh.com/50939987/cambodias-economy-forecasted-to-grow-by-5-5-percent-in-2022-despite-gloom-this-year/
Phase two of online business registration to be launched
The Business Registration System on Information Technology Platform (OBR) Phase 2 will be launched on Sept 1 and will expand its services to many sectors. ...
Chea Vanyuth
https://www.khmertimeskh.com/50923155/phase-two-of-online-business-registration-to-be-launched/
New port in Kep set for completion this year
Kep Provincial Administration announced Friday that the Koh Tonsay Tourist Port, which costs around $1.2 million, is scheduled to be completed by the end of this year. ...
Buth Reaksmey Kongkea
https://www.khmertimeskh.com/50915701/new-port-in-kep-set-for-completion-this-year/
ASEAN FMs reiterate commitment to ensure full, effective implementation of RCEP agreement
Foreign ministers of the Association of Southeast Asian Nations (ASEAN) have reiterated their commitment to ensure the full and effective implementation of the Regional Comprehensive Economic Partnership (RCEP) agreement, which took effect on January 1, Cambodian Foreign Minister Prak Sokhonn said. ...
Khmer Times Staff
https://www.khmertimeskh.com/501028293/asean-fms-reiterate-commitment-to-ensure-full-effective-implementation-of-rcep-agreement/
Thousands of garment workers’ jobs at risk
More than 100 factories have suspended work due to declining orders, putting thousands of jobs at risk, a union leader said. ...
Chhorn Raksmey
https://kiripost.com/stories/cambodia-thousands-of-garment-workers-jobs-at-risk
New gov’t more than doubles secretary and undersecretary of state positions in ministries
The newly formed government has 1,422 secretaries or undersecretaries of state — a 121.8% increase from the previous government, which had only 641 officials in those positions. ...
Khuon Narim
https://cambojanews.com/new-govt-more-than-doubles-secretary-and-undersecretary-of-state-positions-in-ministries/
Another review of access to Information Draft Law coordinated
The Ministry of Information is running another review of Cambodian draft law on access to information. Addressing participants joining the review on July 1, Minister of Information Khieu Kanharith explained that the draft law was comprehensively consulted with various stakeholders including civil society organizations. ...
Khmer Times Staff
https://www.khmertimeskh.com/501105557/another-review-of-access-to-information-draft-law-coordinated/