Sathapana Bank gets $35 million from Taiwan lenders
Facilitated by Taiwan’s First Commercial Bank, seven foreign banks provided $35 million in a syndicated loan to Sathapana Bank Plc, a newly formed Cambodian commercial bank, to expand its existing microfinance operations and broaden its commercial lending portfolio. ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/sathapana-bank-gets-35-million-taiwan-lenders
Fuel prices steadily increase
Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fuel-prices-steadily-increase
Boom time for construction sector
The construction sector in the Kingdom is booming with total investment skyrocketing to $832.2 million this month compared to $39.7 million last June, according to latest figures from the Ministry of Land Management, Urban Planning and Construction. ...
Sum Manet
http://www.khmertimeskh.com/news/25983/boom-time-for-construction-sector/
US spending bill ties aid to end of government ‘violence’
A spending bill approved by the U.S. Senate Appropriations Committee last week proposes to make U.S. aid to Cambodia in 2017 contingent on an end to the government’s harassment of the opposition and civil society. ...
Zsombor Peter
https://www.cambodiadaily.com/news/us-spending-bill-ties-aid-to-end-of-government-violence-114950/
SIM card ownership down by nearly 12%
The number of mobile phone subscribers nationwide decreased by 11.5 per cent over the last year in what regulators are describing as a rebalancing after the market reached a saturation point, pushing well beyond 100 per cent penetration. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/sim-card-ownership-down-nearly-12
Tourism duo took bribes: ministry
Two officials from the Ministry of Tourism were found by the ministry to have taken bribes of up to $3,000 from candidates for tour-guide examinations in Siem Reap, though neither of the officials have been fired. ...
Chhay Channyda and Zoe Holman
http://www.phnompenhpost.com/national/tourism-duo-took-bribes-ministry
Cambodia says industrialized nations must help mitigate climate change
As world leaders prepare for a major summit on climate change in Paris this December, Cambodian officials say industrialized nations should provide support to lesser developed countries, to offset their contributions to global warming. ...
Phorn Bopha
http://www.voacambodia.com/content/cambodia-says-industralized-nations-must-help-mitigate-climate-change/2977125.html
Date set to announce new wage
The tripartite working group tasked with setting the minimum wage in Cambodia’s garment industry is slated to officially convene today, with the results of the negotiations to be announced on October 5 if all goes to plan. ...
Mom Kunthear
http://www.phnompenhpost.com/national/date-set-announce-new-wage
Interpol initiative to boost border security
A new initiative led by Interpol will focus on improving border security in Southeast Asia, with the international police body warning that increased cross-border criminal activity will be a likely unintended consequence of the region’s growing integration. ...
Charles Parkinson
http://www.phnompenhpost.com/national/interpol-initiative-boost-border-security
Prosecutor drops rape case against district police chief
The lawyer of a 19-year-old high school student who has accused a district police chief in Kompong Chhnang province of raping her says her client will appeal a prosecutor’s decision to close the case without explanation. ...
Ben Sokhean
https://www.cambodiadaily.com/news/prosecutor-drops-rape-case-against-district-police-chief-98231/
News analysis: AEC to boost bloc's influence on global economy-- Cambodian experts
The ASEAN Economic Community (AEC), which will become a reality at the end of this year, would boost the ten- nation bloc’s influence and prestige in the global stage, according to Cambodian scholars here. ...
Xue Lei, Nguon Sovan
http://www.globalpost.com/article/6687807/2015/11/14/news-analysis-aec-boost-blocs-influence-global-economy-cambodian-experts
UK trade envoy pushes FDI, British brands
The United Kingdom sees Cambodia as a strategic location at the heart of a transportation network through Thailand, Vietnam and Laos to reach China and other countries in the region and the world, a senior UK trade official said yesterday. ...
Sok Chan
http://www.khmertimeskh.com/news/17898/uk-trade-envoy-pushes-fdi--british-brands/
Cambodia makes progress flushing sanitation problems
Local innovations have catapulted Cambodia, which has long had dire toilet use numbers, to be a leader in sanitation. On World Toilet Day, the country gears up to attain ambitious new targets, Joanna Mayhew reports. ...
Joanna Mayhew
http://www.dw.com/en/cambodia-makes-progress-flushing-sanitation-problems/a-18857575
Senate slams opposition Sam Rainsy party’s boycott
Senate spokesman Mam Bun Neang issued a statement Monday describing as “shameful” the decision by the chamber’s 10 opposition senators to boycott the day’s vote in protest of the arrest warrant issued for opposition leader Sam Rainsy. ...
Kuch Naren
https://www.cambodiadaily.com/news/senate-slams-opposition-sam-rainsy-partys-boycott-102478/
Cambodia: Unions discuss garment wages, workers’ rights
Union and clothing brand representatives from around the world met in Cambodia’s capital Wednesday, aiming to address the country’s minimum wage and push for the establishment of a proper system of collective bargaining. ...
Lauren Crothers
http://aa.com.tr/en/asia-pacific/cambodia-unions-discuss-garment-wages-workers-rights/488146
Cambodia’s young generations a demographic boon, for now
Economists say Cambodia is not facing the risk of an aging population, as is happening in richer countries around the region, but it must still plan for a future when its younger generations grow old. ...
Hul Reaksmey
http://www.voacambodia.com/content/cambodia-young-generations-a-demographic-boon-for-now/3095179.html
Fish harvest likely to rise: official
The volume of fish harvested from the Tonle Sap Lake is likely to rise in the fishing season that starts today due to better weather conditions, a senior official from Ministry of Agriculture, Fisheries and Forestry told Khmer Times yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/18653/fish-harvest-likely-to-rise--official/
Gov to give drivers licenses to people with disabilities
Em Chan Makara, president of the Disability Action Council (DAC), told reporters that his group will issue drivers licenses for people with disabilities in conjunction with the government. The council will also discuss appropriate vehicles for disabled people with other stakeholders. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/18828/gov-to-give-drivers-licenses-to-people-with-disabilities/
Cambodian leader Hun Sen visits Thailand as tensions thaw
Hun Sen will spend two days in Bangkok and is scheduled to meet the leader of Thailand’s military government, Prayuth Chan-ocha, for talks on border issues, agriculture, trade and investment, and regional connectivity. ...
Liam Cochrane
http://www.abc.net.au/news/2015-12-18/cambodian-leader-visits-thailand-as-tensions-thaw/7039356
Air freight volume bucks global slowdown
Cambodia was one of the few bright spots for the air cargo industry last year with a modest increase in year-on-year air freight shipments as other regions experienced weak growth due to the cooling global economy. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/air-freight-volume-bucks-global-slowdown Khek Norinda