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NBC warns against unlicensed deposit schemes

The National Bank of Cambodia issued a letter on Wednesday clarifying that only seven microfinance institutions (MFIs) are licensed to accept deposits from the public. The notification came after the central bank noticed several “rural credit operators” – institutions smaller than a typical MFI that ...

Hor Kimsay
https://www.phnompenhpost.com/business/nbc-warns-against-unlicensed-deposit-schemes

Two power plants get ministers council OK

The Cambodian government on Friday approved two power plant projects worth more than $1.3 billion in total in what authorities said was an effort to reduce the Kingdom’s dependence on imports. ...

Sorn Sarath
https://www.phnompenhpost.com/business/two-power-plants-get-ministers-council-ok

Parliament issues code of ethics

The National Assembly has produced its first code of ethics to ensure that all lawmakers work independently and humbly and uphold the country’s interest. Leng Peng Long, spokesman for the National Assembly, said yesterday said that the code of ethics approved earlier this month requires ...

Khy Sovuthy
https://www.khmertimeskh.com/50495412/parliament-issues-code-of-ethics/

Tax collection rises 66% in H1

The General Department of Taxation (GDT) collected more than $1.5 billion in tax revenue in the first six months of this year, up 66 per cent from the same period last year, according to a report released by the department on Wednesday. ...

Thou Vireak
https://www.phnompenhpost.com/business/tax-collection-rises-66-h1

Cambodia telecom companies urged to pay overdue regulatory fees

The government has issued a new warning to telecommunications companies that have yet to deliver outstanding payments to the Kingdom’s ministries, giving regulators until the end of the month to settle their debts. ...

Hor Kimsay and Robin Spiess
https://www.phnompenhpost.com/business/cambodia-telecom-companies-urged-pay-overdue-regulatory-fees

Tourism industry unruffled by election – experts

Tourism officials and industry insiders say the upcoming election is not affecting the flow on tourists into the Kingdom. Kong Sophearak, director of the Statistics Department of the Ministry of Tourism, told Khmer Times that despite this month’s election and the ongoing political rallies throughout ...

May Kunmakara
https://www.khmertimeskh.com/50510282/tourism-industry-unruffled-by-election-experts/

China tips the scales away from the US in push for Cambodian influence

During what is the 60th year of bilateral ties between the two countries, China has ramped-up aid to Cambodia, pledging millions in military funding, infrastructure projects and election support. ...

Edouard Morton and Kinling Lo
https://www.scmp.com/news/asia/southeast-asia/article/2154701/china-tips-scales-away-us-push-cambodian-influence

Kampot ferry construction delayed

Construction on a new tourist ferry port located about 6 kilometres from the provincial capital in Kampot province has been delayed, although a Tourism Ministry spokesman promised that construction would begin before the end of this year. ...

Cheng Sokhorng
https://www.phnompenhpost.com/business/kampot-ferry-construction-delayed

S’pore firm announces plans for local solar sector

Singapore-based Indochina Energy Partners is focusing on rooftop solar installations in three Southeast Asian nations, including Cambodia. According to a report by ScanAsia released Monday, IEP is working on rooftop photovoltaic panel installations in Vietnam, Myanmar and Cambodia. ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50644868/spore-firm-announces-plans-for-local-solar-sector/

Exports of footwear and travel goods buoyed by tariff privileges

Cambodia’s footwear and travel goods exports dramatically increased in the first nine months of this year, thanks to tariff privileges they received from the US under its Generalised System of Preferences (GSP). ...

May Kunmakara
https://www.phnompenhpost.com/business/exports-footwear-and-travel-goods-buoyed-tariff-privileges

Over 20 child street sellers rescued in raid

More than 20 child laborers were rescued in Phnom Penh on Tuesday after anti-human trafficking authorities arrested a couple who had forced the children to work as fruit sellers in exchange for payments made to their families, according to police.Officers from the Interior Ministry’s anti-human ...

Sek Odom
https://www.cambodiadaily.com/news/over-20-child-street-sellers-rescued-in-raid-on-house-95148/

Minister encourages food safety following deaths

Minister of Health Mam Bunheng yesterday asked the public to stop drinking rice wine and eating sick animals after 19 people died and 170 fell ill in Kratie province over the past month. ...

Pech Sotheary
http://www.phnompenhpost.com/national/minister-encourages-food-safety-following-deaths

Regulator revokes 29 licences for web firms

Cambodia’s telecom regulator has de-recognised 29 internet and voice-over internet protocol (VOIP) providers in the Kingdom, for failing to provide documentation to prove their active status, according to an official from the Telecommunication Regulator of Cambodia (TRC). ...

Sor Chandara
http://www.phnompenhpost.com/business/regulator-revokes-29-licences-web-firms

MEF and USAID launch transparency initiative

USAID and the US Treasury Office Of Technical Assistance (OTA) have launched a joint initiative with the Ministry Of Economy and Finance (MEF) to improve fiscal transparency and accountability in the management Of public finances, according to a press release issued yesterday.   ...

Post Staff
http://www.phnompenhpost.com/business/mef-and-usaid-launch-transparency-initiative

Bad meat among goods seized

More than 200kg of old meatballs were seized by the government’s Camcontrol in a crackdown on goods past their use-by dates in Pailin on Wednesday, according to the Ministry of Commerce. ...

San Bunsim
http://www.khmertimeskh.com/news/27546/bad-meat-among-goods-seized/

Four women come home after being trafficked

Four women are on their way back to cambodia after being forced to work under brutal conditions in malaysia, the foreign ministry said yesterday. The four had fled their workplace and sought help from the cambodian embassy. ...

Srey Kumneth
http://www.khmertimeskh.com/news/17252/four-women-come-home-after-being-trafficked/

Tax revenue soars on vehicle, tobacco tariffs

Cambodia’s General Department of Taxation (GDT) collected $1.09 billion in taxes during the first 10 months of 2015, up 23.9 per cent compared to the same period a year earlier, according to a statement posted on its website. ...

Post Staff
http://www.phnompenhpost.com/business/tax-revenue-soars-vehicle-tobacco-tariffs

Cambodia’s new casino bill faces likely delay: report

A bill to regulate the management of Cambodia’s casino industry could be approved by the country’s National Assembly (pictured) in the first quarter of 2016, reported the Khmer Times newspaper, quoting an official from the Ministry of Economy and Finance. ...

GGRAsia News Staff
http://www.ggrasia.com/cambodias-new-casino-bill-faces-likely-delay-report/

Halt ordered to diet aid’s sale

The Ministry of Heath on Monday ordered pharmacies to halt the sale of unapproved diet pill Mazeta Slim, a purportedly American drug that the ministry said actually likely originates in China. ...

Cheng Sokhorng and Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/halt-ordered-diet-aids-sale

Gov't figures show Cambodia's mobile internet usage continues to rise

The number of people in Cambodia accessing the Internet from their mobile devices increased by 1.3 million during a 10-month period last year, though the number of mobile phone subscribers increased by just over 4,500 during the same period, according to figures released last week by the ...

Joshua Wilwohl
http://www.forbes.com/sites/joshuawilwohl/2016/02/25/govt-figures-show-cambodias-mobile-internet-usage-continues-to-rise/#144870ea5fb7

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