Minister Says Set Phone Call Prices ‘Temporary’
The minister of posts and telecommunications on Monday insisted an edict ordering the country’s seven mobile phone operators to abide by a law that sets minimum prices for calls is only temporary. Prak Sokhon, the newly-appointed posts and telecommunications minister, said the order was necessary because ...
Joshua Wilwohl and Hul Reaksmey
http://www.cambodiadaily.com/business/minister-says-set-phone-call-prices-temporary-48975/
Food safety needs tightening
The Cambodian government will introduce a food-safety law later this year that would see the Kingdom adopt a set of national food safety standards and ensure greater coordination across ministries, according to a health official. Aing Hoksrun, chief of the food bureau at the Department of ...
Ananth Baliga
http://www.phnompenhpost.com/food-safety-needs-tightening
Mondulkiri community objects to land demarcation
Representatives of the indigenous community in Mondulkiri province on Wednesday submitted three petitions to voice their objection against the planting of stone markers around the Doh Kramom mountain area by provincial officials last week. However, provincial officials said the case is still under review. A ...
Long Kimmarita
https://www.phnompenhpost.com/national/mondulkiri-community-objects-land-demarcation
Ministry to push quality control
The Ministry of Industry and Handicrafts (MIH) has started a laboratory and a department to check on the quality and safety of local products to be exported, state news agency AKP reported yesterday. ...
Sum Manet
http://www.khmertimeskh.com/news/37270/ministry-to-push-quality-control/
El Niño raises drought fears
Cambodia is looking at a delayed onset of the rainy season, with experts and government officials having raised concerns of a prolonged dry season affecting agricultural production, as the Pacific weather pattern El Niño threatens to bring drought-like conditions. Ngin Chhay, director of the Rice Department ...
Chan Muyhong
http://www.phnompenhpost.com/business/el-nino-raises-drought-fears
Acleda, PPCBank granted listing eligibility
Two of Cambodia’s leading commercial banks – locally owned Acleda Bank Plc (Acleda) and South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) – have been granted listing eligibility from the Cambodia Securities Exchange (CSX). This paves the way for the banks to move forward with plans ...
May Kunmakara
https://www.phnompenhpost.com/business/acleda-ppcbank-granted-listing-eligibility
Institute feeling crowded
Construction work at the site of Phnom Penh’s Buddhist Institute by Hong Kong-listed casino operator NagaCorp has caused concern among staff that the large development is driving away students. In recent days, a wall separating the institute from Hun Sen Park in Chamkarmon district’s Tonle Bassac ...
Chhay Channyda
http://www.phnompenhpost.com/national/institute-feeling-crowded
More than 500 apply for June poll
The National Election Committee (NEC) has received more than 500 applications in the first month of registration for commune election observers, according to a statement released on Wednesday. ...
Lay Samean
http://www.phnompenhpost.com/national/more-500-apply-june-poll
Ministry warns media over fake product ads
Media outlets should review the health and agriculture products they advertise, as exposure to unlicensed medicine and insecticides can be fatal, the Ministry of Information has warned. ...
Pav Suy
http://www.khmertimeskh.com/5079494/ministry-warns-media-fake-product-ads/
Exclusive ADB may offer more than $1.5b in new funding
Khmer Times can report that the Asian Development Bank (ADB) is proposing to provide $1.5211 billion of new funding in its updated Cambodia country operations and business plan (COBP) 2021-2023. ...
Harrison White
https://www.khmertimeskh.com/50744668/exclusive-adb-may-offer-more-than-1-5b-in-new-funding/
Settle vehicle import taxes owed by Dec 31: customs
The General Department of Customs and Excise of Cambodia (GDCE) on December 1 reiterated a call on owners of left-hand drive vehicles who have yet to pay any applicable import taxes or related fees due to do so before December 31, in order to benefit ...
Nov Sivutha
https://www.phnompenhpost.com/business/settle-vehicle-import-taxes-owed-dec-31-customs
PPSEZ’s rethink after sharp profit fall
Phnom Penh Special Economic Zone (PPSEZ) ‒ a listed company on the Cambodia Securities Exchange (CSX) ‒ reveled on Friday that by 2020, 50 percent of the company’s revenue would be generated by sales of services. This new target was made after PPSEZ informed the ...
Chea Vannak
http://www.khmertimeskh.com/news/29024/ppsez---s-rethink-after-sharp-profit-fall/
SECC prepared to list shares of holding firms
The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...
May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms
Cambodia announces Intellectual Property Rights laws to protect artists and musicians' works
Cambodia announces today a new Intellectual Property Rights laws drafted to protect the country’s artists and musicians and their works from counterfeiting in accordance with interntional IPR standards. An event held at Ministry of Commerce was attended by newly-appointed Sun Chanthol, Minister of Commerce, who has ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/detail/1?page=15&token=MTI4YzJmMmZiNzY
Thai, Cambodian SEC sign pact on capital markets
Cambodia and Thailand’s Securities Exchange and Commission (SEC) yesterday signed a memorandum of understanding (MoU) on mutual cooperation for capital market development through cross-listing, dual listing and depositary receipt offerings. ...
Bangkok Post Staff
https://www.bangkokpost.com/business/1752539/thai-cambodian-sec-sign-pact-on-capital-markets
Education minister lays out reforms at assembly
Minister of Education Hang Chuon Naron was questioned in front of a parliamentary panel yesterday, offering lawmakers a nine-point policy for reforming the Kingdom’s educational sector, according to a ministry official. ...
Taing Vida
http://www.phnompenhpost.com/national/education-minister-lays-out-reforms-assembly
Bubble trouble downplayed
Government officials and industry insiders downplayed concerns about the sustainability of the construction and real estate sector yesterday, although they agreed that closer monitoring of the industry was needed to understand risks to the economy.At a meeting in Phnom Penh yesterday, officials from several ministries, ...
Siv Meng, Ananth Baliga and Sor Chandara
http://www.phnompenhpost.com/business/bubble-trouble-downplayed
MEF strengthens property data to analyse the development sector
“I confess that the ministry hasn’t been able to control and achieve transparency in the real estate sector, but I can say that this sector has yet to show any signs of trouble,” Ngoun Sokha, secretary of state for the Ministry of Economy and Finance, ...
Phnom Penh Post News Staff
http://www.phnompenhpost.com/real-estate/mef-strengthens-property-data-analyse-development-sector
Stock Trading to Start Next Month With Water Authority IPO
The Phnom Penh Water Supply Authority (PPWSA) will become the first publicly traded company on the Cambodian Stock Exchange (CSX) when trading begins on April 18, Ming Bankosal the general director of the Securities and Exchanges Commission of Cambodia said yesterday. “We are planning on ...
Microlenders refuse to apply prescribed VAT
The industry body representing the Kingdom’s myriad microfinance institutions (MFIs) threw down the gauntlet yesterday, announcing that its members had categorically rejected a government directive that orders them to charge a value-added tax (VAT) on financial services fees and would not apply it. ...
Hor Kimsay
http://www.phnompenhpost.com/business/microlenders-refuse-apply-prescribed-vat