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Japan to donate 140 buses

Japan will donate more than 100 buses to the Cambodian government over the next two years, according to City Hall. City Hall spokesman Met Measpheakdey said the Japanese government was donating 140 buses, the first 80 of which would arrive in April. He said the ...

Mom Kunthea
http://www.khmertimeskh.com/50101012/japan-donate-140-buses/

PM vows to halt surprise factory closings

Prime Minister Hun Sen on Wednesday pledged his commitment to preventing garment factory owners from escaping their obligations to workers by closing their factories without warning, even as the current lack of a formal system for dealing with such situations has left at least one ...

Yon Sineat
https://www.phnompenhpost.com/national/pm-vows-halt-surprise-factory-closings

Greater riel use could boost foreign reserves

When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...

Riel Gains
http://www.khmertimeskh.com/news/36512/greater-riel-use-could-boost-foreign-reserves/

Warning on Vietnamese pork

The public has been warned not to eat pork from Vietnam after an outbreak of a serious disease in pig farms across the border. The Agriculture Ministry’s department of animal health and production is enforcing additional precautionary measures to ensure contaminated pork from Vietnam does not ...

Pech Sotheary
http://www.khmertimeskh.com/news/36702/warning-on-vietnamese-pork/

Sathapana Bank secures $50M to scale up

Sathapana Bank Plc has received a hefty $50 million bilateral loan from the Bangkok branch of Mizuho Bank, a subsidiary of one of Japan’s largest financial institutions, in a move that banking insiders say will help the newly consolidated bank expand its lending portfolio as ...

Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-secures-50m-scale

Roadside families promised plots

Phnom Penh City Hall has said it will hold a public forum within two weeks on plans to develop a road on a disused stretch of railway in Russey Keo district. Locals from six communities have been protesting the development plans for the past few months ...

Pech Sotheary
http://www.khmertimeskh.com/news/38701/roadside-families-promised-plots/

Raising doubts over ruling party support, villagers complain of lack of roads

It’s been almost a year since families in Khaob village have had a road connecting their homes to the outside world. New construction has blocked the old village road, and villagers say they are “very angry” after complaints to the local authority, controlled by the ...

Sun Narin
https://www.voacambodia.com/a/raising-doubts-over-ruling-party-support-villagers-complain-of-lack-of-roads/3882800.html

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

QR codes could prove to be a digital alternative to cash for Cambodia

Global payments giant Visa is the first international financial firm to announce the roll out of a payment solution in Cambodia for quick response codes, or QR codes, those pixelated black and white squares designed to be read by a smartphone camera that have begun ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/qr-codes-could-prove-be-digital-alternative-cash-cambodia

Air arrivals soar higher

Air traffic for Cambodia’s three international airports increased by 23 percent in the first six months of the year, driven largely by growing Chinese tourism and the increased number of international flights to Sihanoukville’s airport, a spokesman for the company that operates the Kingdom’s three ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/air-arrivals-soar-higher

Wage law change threatens Labour Advisory Committee

The future of the government’s Labour Advisory Committee is hanging in the balance as the country’s first draft law on the national minimum wage is set to come into force by the end of the year.   ...

Mom Kunthear
http://www.khmertimeskh.com/5085122/wage-law-change-threatens-labour-advisory-committee/

AEC presents migrant hurdles

With cross-border flows of migrant workers rapidly increasing since the founding of the Asean Economic Community (AEC) in 2015, industry insiders claim that this change has had both positive and negative effects on the Kingdom by reducing the levels of unemployment while highlighting the need ...

Robin Spiess
http://www.phnompenhpost.com/business/aec-presents-migrant-hurdles

Call for action against domestic violence

Civil society organisations yesterday asked the government to strengthen legal measures against perpetrators of violence against women and children.The request was made at the 2018 One Billion Rising Campaign at the Chenla Theatre in Phnom Penh, where more than 300 people gathered to discuss protecting ...

Pech Sotheary
http://www.khmertimeskh.com/50108047/call-action-domestic-violence/

Hun Sen’s lawyer receives promotion

After leading the legal team that won the widely condemned dissolution of the CNRP at the Supreme Court in November, Ky Tech, lawyer for the Council of Ministers and Prime Minister Hun Sen, has been given a rank equivalent to minister just weeks after he ...

Mech Dara
http://www.phnompenhpost.com/national/hun-sens-lawyer-receives-promotion

GI status sought for Battambang oranges

Amid increased demand for oranges grown in Battambang province, the Ministry of Agriculture is seeking to have the fruit’s unique and sought-after flavor recognized under the European Union’s geographical identification (GI) status. Ministry spokesperson Lor Reaksmey explained that the application process, involving ministry officials and international ...

Chea Vannak
http://www.khmertimeskh.com/news/30800/gi-status-sought-for-battambang-oranges/

Vietnam: zero duties for rice, tobacco

Vietnam agreed yesterday to waive all duties on a total of 300,000 tons of rice and 3,000 tons of dried tobacco exported annually from Cambodia to the country, according to a bilateral agreement signed at two back-to-back summits to promote economic cooperation in the Greater ...

Sok Chan
http://www.khmertimeskh.com/news/31305/vietnam--zero-duties-for-rice--tobacco/

Transport ministry creates four departments

Public Works and Transport Minister Sun Chanthol announced the creation of four new departments within his ministry yesterday during a road renovation ceremony in Preah Sihanouk province. Transport Ministry spokesman Va Sim Sorya confirmed the changes to Khmer Times yesterday and said they were done to ...

Ros Chanveasna
http://www.khmertimeskh.com/news/31536/transport-ministry-creates-four-departments/

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

‘We have to keep moving’: Sokha speaks about Kingdom’s recent election – and the next

Opposition leader Kem Sokha said in an interview on Saturday that he believed Prime Minister Hun Sen could be compelled to relinquish power if he loses the July 2018 national election and that his party’s task was now to present itself as a group ready ...

Alex Willemyns and Mech Dara
http://www.phnompenhpost.com/national/we-have-keep-moving-sokha-speaks-about-kingdoms-recent-election-and-next

Risk puts brakes on movable assets

Access to credit would increase dramatically if Cambodian borrowers could put up movable assets as collateral, but lenders say much more needs to be done to remove the risks associated with these assets, including the establishment of a legal framework that would restrict changes in ...

Hor Kimsay
http://www.phnompenhpost.com/business/risk-puts-brakes-movable-assets

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