Derivatives licensing capped by regulator
Cambodia’s capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. ...
Hor Kimsay
http://www.phnompenhpost.com/business/derivatives-licensing-capped-regulator
Project to boost veggie farming
Cambodia and New Zealand have reached a memorandum of understanding aimed at improving agricultural productivity to increase food safety and reduce reliance on imports. ...
May Kunmakara
http://www.khmertimeskh.com/5080733/project-boost-veggie-farming/
Government order to display prices in riel currency fails to stick
A government prakas that requires all businesses to post prices of their goods and services in the local riel currency has had little impact on pricing practices, with the vast majority of businesses in Cambodia continuing to quote prices in US dollars and authorities showing ...
Hor Kimsay
http://www.phnompenhpost.com/business/government-order-display-prices-riel-currency-fails-stick
Two million urged to correct civil records
The Interior Ministry’s general department of identification has urged two million people with incorrect civil records to amend their personal information with officials. ...
Mom Kunthear
http://www.khmertimeskh.com/5089918/two-million-urged-correct-civil-records/
Local officials given power to issue ag origin certificates
In a bid to decentralise the certificates of origin (COs) process to help promote international exports and ease cross-border trade, the Ministry of Commerce launched a pilot project yesterday that allows officials in the provinces of Battambang and Pailin to directly issue certification. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/local-officials-given-power-issue-ag-origin-certificates
Chinese PM wraps up Cambodia visit, promising huge aid package
Chinese Prime Minister Li Keqiang has announced a series of large aid packages to Cambodia at the end of his first visit to the country this week as Cambodia turns further away from Western donors. A total of 19 agreements were signed to fund large-scale ...
Aun Chhengpor
https://www.voacambodia.com/a/chinese-pm-wraps-up-cambodia-visit-promising-huge-aid-package/4203509.html
Slowing rice export growth ‘worrisome’
An Agriculture Ministry official said on Sunday that slowing growth in Cambodian milled rice exports—increasing just 0.7 percent last year—was the result of outdated policies and was a concerning trend. ...
Chhorn Phearun
https://www.cambodiadaily.com/business/slowing-rice-export-growthworrisome-123114/
Draft consumer law completed
The Ministry of Commerce has finished the draft consumer protection law and will soon submit it to the Council of Ministers, according to a senior government official. ...
Chea Vannak
http://www.khmertimeskh.com/news/34241/draft-consumer-law-completed/
Minister wants tougher fisheries crackdown
Interior Minister Sar Kheng has ordered government officials and department heads to crack down on anyone committing fishing crimes, telling a committee meeting that lax efforts to “educate” repeat offenders continued to fail and exacerbate the problem.According to Deputy National Police Chief Kirth Chantharith, Mr. ...
May Titthara
http://www.khmertimeskh.com/news/34867/minister-wants-tougher-fisheries-crackdown/
Cambodia signs deal with Chinese province
The Cambodian government signed a memorandum of understanding (MoU) with officials from China’s Shaanxi province aimed at bolstering trade and tourism, according to a release yesterday by the Ministry of Commerce. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/cambodia-signs-deal-chinese-province
HKL gets $15 million to grow MFI operations
Cambodian microlender Hattha Kaksekar Ltd (HKL) has secured a $15 million cash injection to expand its business operations from its parent company, Thailand’s Bank of Ayudhya, Hout Ieng Tong, president and CEO of HKL, confirmed yesterday. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/hkl-gets-15-million-grow-mfi-operations
Whooping cough assurance
The Ministry of Health yesterday denied a local media report that children in Cambodia under one year old have a 50 percent chance of catching whooping cough. ...
Sen David
http://www.khmertimeskh.com/news/38756/whooping-cough-assurance/
New rules for digital payments
The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments
Japanese FDI on the rise in Cambodia
The strong inflow of Japanese investment is expected to continue on the back of both large-scale commercial projects and the consumer habits of Japanese expatriates residing and working in Cambodia, according to investment officials. ...
Hor Kimsay
http://www.phnompenhpost.com/business/japanese-fdi-rise-cambodia
Directive to mobile operators
The Telecom Regulator of Cambodia yesterday issued a directive to mobile operators to ensure they are transparent with automatic fees charged to customers after a spike in complaints. ...
May Kunmakara
http://www.khmertimeskh.com/news/39840/directive-to-mobile-operators/
Corporate bonds edging closer to launch
Cambodia’s market regulator has finalised regulations for establishing a corporate bond, moving one step closer to introducing a new capital market tool that would allow companies to raise funds for expansions, debt refinancing or acquisitions, officials announced yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/corporate-bonds-edging-closer-launch
Hundreds of foreigners granted citizenship
Interior Minister Sar Kheng yesterday called on the government to amend the law on nationalisation and immigration, while a report from the general department of identification revealed 1,518 foreigners were granted Cambodian nationality from 2014 to 2017. Presiding over the department’s annual meeting, Mr Kheng ...
Khy Sovuthy
http://www.khmertimeskh.com/50103717/hundreds-of-foreigners-granted-citizenship/
Investment down by $1B
Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture projects, while the manufacturing and tourism sectors continued to post massive gains, according to the Council for the Development of ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/investment-down-1b
Garment makers pool their resources
The Garment Manufacturers’ Association of Cambodia (GMAC) yesterday officially launched the GMAC Human Resources Club to build a knowledge bank, share information, experience and expertise to improve the industry. ...
May Kunmakara
http://www.khmertimeskh.com/news/39784/garment-makers-pool-their-resources/
Corn farmers block road over low prices
Hundreds of corn farmers blocked a main road in Battambang province on Thursday, hoping the barricade would persuade Prime Minister Hun Sen to put pressure on traders to raise the dwindling crop prices that are hurting their livelihoods. ...
Leng Len
https://www.cambodiadaily.com/news/corn-farmers-block-road-over-low-prices-132502/