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ASX chief steps down amid probe into payment

The chief executive of the Australian Securities Exchange (ASX) resigned his post on Monday in the wake of an investigation into a possible $200,000 bribe paid by a gaming firm he previously headed to a consultancy with connections to a sister of Prime Minister Hun ...

Zsombor Peter and Khuon Narim
https://www.cambodiadaily.com/news/asx-chief-steps-down-amid-probe-into-payment-110230/

ABA bank gets capital boost

With a $148 million injection of capital through a Share Purchase Agreement, National Bank of Canada (NBC) now holds a 90 percent stake in ABA Bank, according to ABA and NBC executives, who ensured that the agreement will not alter ABA Bank’s strategy but enhance ...

Sum Manet
http://www.khmertimeskh.com/news/24800/aba-bank-gets-capital-boost/

Kofi Annan foundation head visits to talk election reform

Alan Doss, executive director of former U.N. Secretary-General Kofi Annan’s eponymous foundation, met with officials from the CPP, CNRP and National Election Committee (NEC) on Monday as the first step in the body’s efforts to help election reform here.   ...

Khy Sovuthy and Kuch Naren
https://www.cambodiadaily.com/news/kofi-annan-foundation-head-visits-to-talk-election-reform-112949/

Wing plans for more growth

Wing Specialised Bank is trying to stay ahead of the game in the money transfer and mobile payment sector by forging new partnerships. The Post’s Ayanna Runcie sat down with Wing’s recently appointed CEO Jojo Malolos to discuss his plan for the company’s future. ...

Ayanna Runcie
http://www.phnompenhpost.com/business/wing-plans-more-growth

Labor court to be ready next year

The Labor Court will be ready to hear cases by the end of next year, according to officials from the Ministry of Labor and Vocational Training. The court is being optimistically designed to effectively resolve labor disputes in the garment sector, Labor Minister Ith Samheng said ...

Chea Vannak
http://www.khmertimeskh.com/news/26901/labor-court--to-be-ready--next-year/

Commission, EU to discuss subsidies

Members of the opposition will join their ruling party counterparts on the National Assembly’s (NA) Second Commission on Economics, Finance, Banking and Auditing in a meeting today with a European Union (EU) technical working group to discuss EU subsidies to Cambodia. ...

Taing Vida
http://www.khmertimeskh.com/news/27759/commission--eu-to-discuss-subsidies/

Government to push fish farming

The government has set an annual target of producing 1.2 million tons of fish in farms within the next three years to support high local demand and to reduce the flood of imports from neighboring countries, according to the Ministry of Agriculture, Forestry and Fisheries. ...

Chea Vannak
http://www.khmertimeskh.com/news/28196/government-to-push-fish-farming/

WWF slams lenience for civet caterers

The environmental protection group WWF has criticized the penalty imposed on three brothers arrested in Mondolkiri province over the weekend for filling the trunk of a car with turtles, lizards, snakes, a monkey and a civet—all of them meant to be food for a party. ...

Phan Soumy
https://www.cambodiadaily.com/news/wwf-slams-lenience-civet-caterers-116537/

Terms announced on rice lending package

The government-owned bank charged with issuing $27 million in emergency loans to rice millers as part of an initiative aimed at propping up the struggling rice industry announced the terms of the credit lines yesterday, and said it would ensure that the funds were used ...

Hor Kimsay
http://www.phnompenhpost.com/business/terms-announced-rice-lending-package

Dam threat to Mekong River’s last few dolphins

The fate of the last surviving Irrawaddy river dolphins on the Laos-Cambodian border hangs in the balance after a Laos government official was reported as saying this week that construction of the dam would begin by the end of the year.   ...

Claire Boobbyer
http://www.telegraph.co.uk/travel/destinations/asia/11857911/Dam-threat-to-Mekong-Rivers-last-few-dolphins.html

Ruling party, opposition meet over election law

Members of the ruling party and opposition met Wednesday to discuss amendments to the election law for local commune councils. The five points are election campaign procession, campaign period, raising party signs in public places, punishment, and reprimands on civil servants. ...

Men Kimseng
http://www.voacambodia.com/content/ruling-party-opposition-meet-over-election-law/2977086.html

Vietnam, Cambodia hold first defence policy dialogue

A senior military delegation led by Deputy Defence Minister Nguyen Chi Vinh is attending the Vietnam – Cambodia Dialogue on National Defence Policies, from October 18-20 in Cambodia, as part of the 2015 Cooperation Plan between the two Ministries of National Defence. ...

Vietnamnet News Staff
http://english.vietnamnet.vn/fms/government/144285/vietnam--cambodia-hold-first-defence-policy-dialogue.html

H&M to step up monitoring of local suppliers

H&M and global union federation IndustriALL on Tuesday signed off on a deal aimed at improving conditions for the 1.6 million workers at the 1,900 factories around the world filling orders for the Swedish clothing giant that will include a new oversight committee in Cambodia. ...

Zsombor Peter
https://www.cambodiadaily.com/news/hm-to-step-up-monitoring-of-local-suppliers-99405/

Surrogacy business shifts to Cambodia

The international market for surrogacy is proving to be very resilient in the face of legal and social disruption. Now that India, Nepal and Thailand have banned international clients from using local surrogates, clinics and brokers are shifting their business to Cambodia. ...

Michael Cook
http://www.bioedge.org/bioethics/surrogacy-business-shifts-to-cambodia/11638

Third tranche of port shares snapped up swiftly

The third and final tranche of 1.8 million shares in Phnom Penh Autonomous Port’s (PPAP) recent initial public offering (IPO) sold out by the middle of last month, according to Hei Bavy, director general of the state-owned enterprise. ​ ...

Sum Manet
http://www.khmertimeskh.com/news/18432/third-tranche-of-port-shares-snapped-up-swiftly/

Although interest high, NEC applications sow confusion

More than 100 people have expressed interest in taking positions with the National Election Committee (NEC) since applications were made available to the public five days ago, but complicated identity and background checks have prevented anyone from actually applying, the NEC’s spokesman said on Monday. ...

Kuch Naren
https://www.cambodiadaily.com/news/although-interest-high-nec-applications-sow-confusion-103586/

Seized wood nears end of 120-km trip

After more than a week traveling along remote forest trails in eastern Mondolkiri province, police and forestry officials transporting 30 large pieces of valuable timber seized from Vietnamese loggers earlier this month are expected to reach the end of their 120-km journey today, an official ...

Saing Soenthrith
https://www.cambodiadaily.com/news/seized-wood-nears-end-of-120-km-trip-104078/

GIZ pumps euros into workplace inspections

In a bid to reassure European shoppers concerned with unfair labour practices, Germany’s state aid agency GIZ has pledged €1.2 million ($1.3 million) to a new program focused on enhancing Cambodia’s labour inspections system for the garment sector. ...

Charles Rollet
http://www.phnompenhpost.com/national/giz-pumps-euros-workplace-inspections

Firms ready to expand despite local skills gap

A Eurocham business confidence survey has revealed that 81 per cent of respondents – members of the business association – planned to increase investments and expand their operations in the Kingdom, but viewed transparency and the lack of skilled human resources as the major downsides ...

Ananth Baliga
http://www.phnompenhpost.com/business/firms-ready-expand-despite-local-skills-gap

Protesters call for release of imprisoned bus driver, activist

About 500 people gathered outside Phnom Penh’s Prey Sar prison on Tuesday to demand the release of form­er Capitol Tours bus driver Nan Vanna and la­bor activist Ros Si­phay, who were arrested two weeks ago for participating in a demonstration against the company. ...

Ben Sokhean
https://www.cambodiadaily.com/news/protesters-call-for-release-of-imprisoned-bus-driver-activist-108888/

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