Regulator mulling moves to boost bourse
The Securities Exchange and Commission of Cambodia (SECC) and Cambodia Securities Exchange (CSX) are drafting a regulation to allow the establishment of a liquidity provider in order to attract more interest to the bourse, according to senior official at CSX. ...
May Kunmakara
http://www.khmertimeskh.com/news/22256/regulator-mulling-moves-to-boost-bourse/
Preah Sihanouk officials meet over beach compensation plan
Preah Sihanouk provincial officials met on Monday to discuss an order from the national government to provide compensation for a number of families living and running businesses on O’Chheuteal Beach in Sihanoukville who are facing the threat of eviction. ...
Suspect logs found on plantation
Authorities in Ratanakkiri province have found more piles of possibly illegally logged wood as part of the government’s ongoing sweep of eastern Cambodia for illicit timber stocks, this time on a rubber plantation owned by wealthy businessman Soung Vang. ...
Aun Pheap
https://www.cambodiadaily.com/news/suspect_logs_found_on_plantation-110061/
National bank ups cash reserve requirements
The National Bank of Cambodia (NBC) has doubled the minimum capital requirements for commercial banks and significantly raised the requirements for microfinance institutions in a move experts say will protect and consolidate the country’s banking sector. ...
Kang Sothear and Tej Parikh
https://www.cambodiadaily.com/news/national-bank-ups-cash-reserve-requirements-110398/
Old debt on agenda for PM’s Russia visit
Prime Minister Hun Sen will attempt to renegotiate the $1.5 billion of Soviet-era debt Cambodia accrued during the 1980s when he visits Russia in May, according to a post on the premier’s Facebook page. ...
Vong Sokheng
http://www.phnompenhpost.com/national/old-debt-agenda-pms-russia-visit
Kingdom's economy to remain stable: ADB
Cambodia’s economy is expected to remain stable this year as uncertainty surrounding China’s economic slowdown appears to ease, and backed primarily by strong performance in garment and footwear manufacturing, as well as construction, the Asian Development Bank (ADB) said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/kingdoms-economy-remain-stable-adb
Cambodia heaps praise on U.S.-Vietnam climate accord
Officials and environmentalists have congratulated Vietnam and the United States on a recent climate changed agreement signed between the two former adversaries, saying the co-operation will have a positive impact on mitigating the effects of the phenomenon in the region. ...
Phorn Bopha
http://www.voacambodia.com/a/cambodia-heaps-praise-on-us-vietnam-climate-accord/3347270.html
Teachers’ association condemned
The Ministry of Education, Youth and Sport issued a statement yesterday condemning the Cambodian Independent Teachers’ Association (CITA) for calling on the Kingdom’s teachers to strike or protest in support of opposition Cambodia National Rescue Party (CNRP) leader Kem Sokha. ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/25621/teachers----association-condemned/
Grow asia targeting six local cash crops
Grow Asia, which formally launched a partnership with Cambodia late last year, will reconvene on June 13 in Phnom Penh to kick-off working groups between the public and private sector, including NGOs, after targeting six crops for market potential. ...
Kali Kotoski and Cheng Sokhorng
http://www.phnompenhpost.com/business/grow-asia-targeting-six-local-cash-crops
Tax revenue fills coffers of the state
The government’s tax revenue saw a sharp increase of about 22 percent in the first five months of the year, compared with the same period last year, with some $763 million collected by the General Department of Customs and Excise. ...
Sum Manet
http://www.khmertimeskh.com/news/25916/tax-revenue-fills-coffers-of-the-state/
While TPP looms, RCEP sidelined
The Regional Comprehensive Economic Partnership (RCEP) should also be given priority as the Kingdom eyes to join the US-led Trans-Pacific Partnership (TPP) to promote economic growth, trade and investment in the Asia-Pacific region and the Pacific Rim countries. ...
May Kunmakara
http://www.khmertimeskh.com/news/26066/while-tpp-looms--rcep-sidelined/
Vehicle registration lists to be computerised
The Ministry of Public Works and Transport is developing an electronic vehicle registration system to be brought in by the end of this year, said Minister Sun Chanthol during the opening of a driver’s licence centre at Aeon Mall yesterday. ...
Pech Sotheary
http://www.phnompenhpost.com/national/vehicle-registration-lists-be-computerised
Thai bilateral trade falls
Bilateral trade between Cambodia and Thailand fell by about 15 percent in the first four months of the year, compared to the same period last year, due to the Kingdom’s decreasing imports of oil, food and beverages from its neighbor. ...
Sok Chan
http://www.khmertimeskh.com/news/26325/thai-bilateral-trade-falls/
Another armyworm outbreak hits Koh Kong
As farmers across the country continue to recover from crop devastation wrought by a plague of armyworm caterpillars, those in Koh Kong province are facing a new outbreak that is decimating young rice plants, officials said on Monday. ...
Kang Sothear
https://www.cambodiadaily.com/news/another-armyworm-outbreak-hits-koh-kong-114721/
Prime minister decree terminates education official
Prime Minister Hun Sen has signed a sub-decree formally removing Kry Seang Long from his position at the Education Ministry following reports that he sexually assaulted his interpreter during an official visit to South Korea in May. ...
Kuch Naren
https://www.cambodiadaily.com/news/prime-minister-decree-terminates-education-official-115482/
Officials discuss future Kep developments
Tourism Ministry officials held a meeting yesterday to discuss a project to develop a tourist port in Kampot province and a planned drainage system for Kep’s Crab Market – two tourism infrastructure projects backed by the Asian Development Bank (ADB). ...
Post Staff
http://www.phnompenhpost.com/business/officials-discuss-future-kep-developments
Ministries discuss long-promised handicap accessibility
Officials from the ministries of social affairs and urban planning met with the Disability Action Council (DAC) on Monday to discuss issuing a prakas to standardise long-promised handicap accessibility in public buildings, according to a Facebook post by DAC. ...
Andrew Nachemson
http://www.phnompenhpost.com/national/ministries-discuss-long-promised-handicap-accessibility
Thai life insurer to enter local market
Bangkok Life Assurance expects to offer life insurance policies in Cambodia by the beginning of next year, according to Thai news outlets, adding to the list of international insurers looking to tap into the Kingdom’s nascent but potentially lucrative market. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/thai-life-insurer-enter-local-market
PM: harness the Mekong region's economic power
The Greater Mekong Sub-region (GMS) has the potential to become a major global production center due to its favorable geographical location and its proximity to economic powerhouses in both Southeast and South Asia, Prime Minister Hun Sen said yesterday. ...
May Kunmakara
http://www.khmertimeskh.com/news/31247/pm--harness-the-mekong-region-s-economic-power/
Kampong Cham piques the interest of developers
Kampong Cham may no longer be the quiet city it is today if its purported economic potential continues to be realised. Local developers have already taken a keen interest in the town with the development of the first borey underway. ...
Siv Meng
http://www.phnompenhpost.com/post-property/kampong-cham-piques-interest-developers