Firms that list to see tax cut
New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...
Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut
Energy Minister plays down Areng concerns
Minister of Mines and Energy Suy Sem has issued a letter to the National Assembly commission on the environment, offering assurances that the planned Stung Cheay Areng Hydropower Dam will meet high environmental and social standards. Opposition Cambodia National Rescue Party member Te Chanmony on September ...
May Titthara
http://phnompenhpost.com/national/energy-minister-plays-down-areng-concerns
SEZs investment potential relies in infrastructure
In 2005, after special economic zones (SEZs) were formally introduced in Cambodia through a sub-decree, Svay Reing’s Manhattan SEZ became the first to began construction the same year. The Sihanoukville SEZ remains Cambodia’s largest with over 1,000 hectares in the area. The $320 million development is ...
James Whitehead
http://www.phnompenhpost.com/real-estate/sezs-investment-potential-relies-infrastructure
ACU takes aim at bribes
The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...
http://www.phnompenhpost.com/index.php/2012050956060/National-news/acu-takes-aim-at-bribes.html
Follow-up IPOs still on track
Sihanoukville Autonomous Port, one of two state-owned companies slated to list on the Cambodia Securities Exchange this year, yesterday called the price decline in the country’s first publicly traded company worrisome. The eight-day slide in price that neared Phnom Penh Water Supply Authority’s initial public offering ...
http://www.phnompenhpost.com/index.php/2012050956046/Business/follow-up-ipos-still-on-track.html
PM pushes voter registration amid claims of inaction
The National Election Committee (NEC) and all political parties should urge citizens – including those overseas – to register to vote, Prime Minister Hun Sen said yesterday, even as a prominent opposition lawmaker accused the government of offering “nothing” to enfranchise Cambodia’s thousands of migrant workers. ...
Mech Dara, Bun Sengkong and Cristina Maza
http://www.phnompenhpost.com/national/pm-pushes-voter-registration-amid-claims-inaction
SECC prepared to list shares of holding firms
The Securities and Exchange Commission of Cambodia (SECC) is drafting a prakas on public offerings of equity securities for holding companies to allow them to issue shares on the Cambodia Securities Exchange (CSX) in a move towards diversification and development of the nation’s capital markets. ...
May Kunmakara
https://www.phnompenhpost.com/business/secc-prepared-list-shares-holding-firms
BRI projects not to lead Cambodia into debt trap
The Belt and Road Initiative (BRI) pioneered by China will not lead the country into a debt trap, Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia, said, dismissing the narrative about the adverse effects the BRI ...
Sreekanth Ravindran
https://www.khmertimeskh.com/501399348/bri-projects-not-to-lead-cambodia-into-debt-trap/
Agriculture players can tap into new loan system
The Ministry of Agriculture, Forestry and Fisheries (MAFF) and Wing Bank (Cambodia) Plc have inked a deal that will offer accessible, low interest rate loans to support the government’s Agriculture Priority policies through the innovative Wingagri supply chain platform built specifically to support the sector. ...
Yatt Malai
https://kiripost.com/stories/agriculture-players-can-tap-into-new-loan-system
Businesses urged to prioritise riel for salary payments
The Governor of the National Bank of Cambodia (NBC), Chea Serey, is encouraging companies and enterprise owners to offer salaries in riel, as the majority of Cambodian workers are paid in dollars. ...
Mao Sreypich
https://kiripost.com/stories/businesses-urged-to-prioritise-riel-for-salary-payments
State borrowing may spike
Cambodia’s draft budget law for 2012 will seek to increase concessional borrowing by about 75 per cent compared to 2011, according to a copy of the draft obtained by the Post. A lack of aid commitment may have led to the increase in proposed borrowing, experts ...
Graduates not up to scratch: report
Cambodia’s tertiary system is not producing enough of the right type of graduates to meet the economy’s demands, says a report launched by the World Bank last week. The 222-page report, titled “Putting Higher Education to Work”, states that “quantity gaps are particularly strong in ...
Graduate convicted for bomb threat; sentence cut
The Siem Reap Provincial Court last week convicted Tao Savoeun, 26, of threatening to kill Interior Minister Sar Kheng at a graduation ceremony but will only require him to serve one month of his 15-month prison sentence, meaning he should be released within days.Mr. Savoeun, ...
Mech Dara
https://www.cambodiadaily.com/news/graduate-convicted-for-bomb-threat-sentence-cut-98225/
Program aims for safer workplaces for women
A new program launched yesterday has its sights set on ending the endemic problem of sexual harassment against women in the workplace. A ceremony at the Hotel Cambodiana marked the start of Safe Workplaces, Safer Communities, a project run by CARE Cambodia. The three-year program, which will ...
Sean Teehan and Mom Kunthear
http://www.phnompenhpost.com/national/program-aims-safer-workplaces-women
Gov’t rejects 4 human rights recommendations
Cambodia on Thursday rejected four recommendations for improving its human rights situation that it initially accepted earlier this year during its second universal periodic review at the U.N. Human Rights Council in Geneva. It also “noted” 38 recommendations—meaning it has not committed to implementing them—some relating ...
Lauren Crothers
http://www.cambodiadaily.com/news/govt-rejects-4-human-rights-recommendations-62584/
Cambodia in need of qualified librarians, says official
Mao Kolap, vice-president of Cambodian Librarian Associations, said yesterday that Cambodia requires more qualified librarians to match the standards of advanced libraries in other Asean countries. According to a report by the Cambodian Library Association, there are only three graduated librarians, while there are 400 ...
Torn Vibol
https://www.khmertimeskh.com/501194185/cambodia-in-need-of-qualified-librarians-says-official/
On Independence Day, King Sihamoni Calls for Unity
King Norodom Sihamoni used a speech during celebrations marking the 60th anniversary of Cambodia’s independence from France on Saturday to call for unity amid growing concerns over the long-term harmony of the nation since July’s disputed national election. Government officials, military officers and foreign diplomats turned ...
Mech Dara and Alex Willemyns
http://www.cambodiadaily.com/news/on-independence-day-king-sihamoni-calls-for-unity-46800/
Govt sets up teams to monitor development works
The Royal Government of Cambodia (RGC) Saturday announced the establishment of working groups to monitor, review and evaluate the implementation of the development plans and strategic policies of the ministries and institutions based on the slogan ‘Strengthen and Organise Individual Home’. ...
Nhean Chamrong
https://www.khmertimeskh.com/501519498/govt-sets-up-teams-to-monitor-development-works/
Indigenous land exploited
The Royal Government of Cambodia and private land developers were exploiting indigenous communities in Mondulkiri and Ratanakiri provinces by signing concession deals for the communities’ land without prior consultation, advocates said yesterday. “We urge the government as well as the private sector to respect [indigenous peoples’] ...
http://www.phnompenhpost.com/index.php/2012030254821/National-news/indigenous-land-exploited.html
Cambodia marks Disability Day
Cambodia celebrated its 15th annual Cambodia Day of Persons with Disabilities and the 31st annual International Day of Persons with Disabilities, on Tuesday at the Phnom Penh Cultural Center. Prime Minister Hun Sen attended the event themed, “Removing barriers to create an inclusive and accessible ...
The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=MDNlNDA4NWNkZTM#sthash.KW36yrfM.dpuf