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/
Rubber exports bounce higher
Cambodian rubber exports surged 37 percent during the first half of the year, compared to the same period in 2016, as the Kingdom’s rising harvest capacity coincided with firmer global demand for rubber products. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-exports-bounce-higher
Hydroponic farming to be tested in Cambodia
Japanese company Asian Gateway (Cambodia) will soon conduct a pilot project with a hydroponic farm in Cambodia. It will be tested at the Royal University of Agriculture (Chamkar Dong campus) in the first stage and after that will be used as a model for farmers and ...
Sok Chan
http://www.khmertimeskh.com/5079873/hydroponic-farming-tested-cambodia/
Cambodia, Bangladesh to strengthen trade
Cambodia and Bangladesh are seeking to strengthen cooperation on trade and enhance and expand trade and business partnerships via a deal which will be signed in October. ...
Chea Vannak
http://www.khmertimeskh.com/5083529/cambodia-bangladesh-strengthen-trade/
SECC lays down new dispute regulations
The Securities and Exchange Commission of Cambodia (SECC) has issued new regulations and procedures for solving disputes involving parties operating in the securities sector. ...
Post Staff
http://www.phnompenhpost.com/business/secc-lays-down-new-dispute-regulations
CDC to post project decisions on Facebook
The Council for the Development of Cambodia (CDC), the government body in charge of approving large-scale investments, has taken to Facebook to officially announce its decisions on investment projects, a move that a government official claimed yesterday will provide more transparent access for investors and ...
Hor Kimsay and Kali Kotoski
http://www.phnompenhpost.com/business/cdc-post-project-decisions-facebook
Garment buyers asked to bring in tech
The government is calling on international buyers to increase investment in the garment and footwear sector and to introduce new technologies to help modernise the industry, according to a senior official from the Ministry of Commerce (MoC). ...
Sok Chan
http://www.khmertimeskh.com/5090886/garment-buyers-asked-bring-tech/
City governor tackles illegal medication sales
The Phnom Penh governor said he would crack down on pharmacies who do not follow the laws of the Health Ministry. Governor Khuong Sreng vowed to ban practices such as the selling of medication without a license and the dissemination of illegal medications, and to search ...
Mom Sophon
http://www.khmertimeskh.com/5098125/city-governor-tackles-illegal-medication-sales/
Trade with China on the upswing
Cambodia’s exports to China, the second largest economy in the world, rose sharply during the first 11 months of 2017, by as much as 18 percent compared with the same period in 2016, according to the latest data from the Ministry of Commerce. ...
May Kunmakara
http://www.khmertimeskh.com/50100171/trade-china-upswing/
Chinese, local firms sign agricultural deals worth $526M
More than a dozen Chinese companies inked deals to purchase about $526 million worth of agricultural products from Cambodian firms on Monday. The 34 agreements between 14 Chinese firms and 18 Cambodian firms were announced by the two country’s commerce ministries at a press conference ...
Post Staff
http://www.phnompenhpost.com/business/chinese-local-firms-sign-agricultural-deals-worth-526m
Japanese companies to repair National Road 5
Two Japanese companies will repair a 135-kilometre stretch of National Road 5 from Phnom Penh to Pursat province in order to maintain the Asian Highway. The Ministry of Public Works and Transport and the construction companies held a signing ceremony for the road improvement project ...
Sen David
http://www.khmertimeskh.com/50101352/japanese-companies-repair-national-road-5/
Ministers meet again to send workers to Malaysia
The Labour Minister led a delegation to visit Malaysia last week to discuss sending migrant labourers and maids there with the country’s Minister of Human Resources. The Ministry of Labour issued a statement on Friday saying that Labour Minister Ith Samheng met with Human Resources Minister ...
Mom Kunthear
http://www.khmertimeskh.com/50108042/ministers-meet-send-workers-malaysia/
Foreigners working in Cambodia face permit fines
About 100,000 foreigners working without permits will be fined after Khmer New Year and potentially face jail time and deportation if they fail to get paperwork or pay their fines, the Ministry of Interior and Ministry of Labour announced yesterday. ...
Mech Dara
http://www.phnompenhpost.com/national/foreigners-working-cambodia-face-permit-fines