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Record growth in insurance

Cambodia’s insurance industry saw record growth in 2016 and was valued at $113 million, according to a report from the Insurance Association of Cambodia (IAC). ...

Sok Chan
http://www.khmertimeskh.com/news/35153/record-growth-in-insurance/

Report targets corrupt business

Transparency International Cambodia yesterday released its first Business Integrity Country Agenda assessment report, aimed at reducing corruption and improving the overall business environment in the country. ...

Khuon Narim
http://www.khmertimeskh.com/5096822/report-targets-corrupt-business/

Polling station, police directives handed down

All logos, numbers or signs emblematic of party affiliation are forbidden at polling stations on Election Day, according to a directive released yesterday by The National Election Committee. ...

http://www.phnompenhpost.com/national/polling-station-police-directives-handed-down

Military police arrest 20 for crystal meth

Military police arrested 20 people at a guesthouse in Phnom Penh’s Pur Senchey district late Sunday night for allegedly using and dealing crystal methamphetamine, officials said Monday. ...

Saing Soenthrith
http://www.cambodiadaily.com/news/military-police-arrest-20-for-crystal-meth-70403/

EU launches 11 mln USD education capacity development project in Cambodia

The European Union on Monday launched the second phase education capacity development project worth 11 million U.S. dollars in Cambodia, aiming at strengthening the skills of educators. ...

The Cambodia Herald​ News Staff
http://bit.ly/1L9DgCj

VN President to visit Cambodia

President Truong Tan Sang will pay a State visit to Cambodia on December 23-24 at the invitation of Cambodian King Preah Bat Samdech Preah Boromneath Norodom Sihamoni. ...

Vietnam Net News Staff
http://english.vietnamnet.vn/fms/government/119157/vn-president-to-visit-cambodia.html

Koreans deny running internet phone scam

A group of 10 South Korean nationals accused of operating an Internet phone scam in Phnom Penh denied the charges during their trial Thursday at the municipal court. ...

Ouch Sony
https://www.cambodiadaily.com/news/koreans-deny-running-internet-phone-scam-87815/

Chinese Credit Cache

Prime Minister Hun Sen has returned home from his trip to China a wealthier leader having secured upwards of US$2.5 billion in Chinese investment and loans over the next year alone, officials from the Ministry of Foreign Affairs said yesterday. The package includes a $2 billion ...

http://www.phnompenhpost.com/index.php/2012090458485/National-news/pm-secures-us2-billion-steel-project-from-chinese.html

Cambodia to Miss 2013 Copyright Deadline

Cambodia will not meet the World Trade Organization’s (WTO) deadline to enforce copyright laws by 2013 and will likely ask for an extension, an official at the Ministry of Commerce said yesterday. The deadline was already extended once by the WTO in 2005 after it ...

Promotions few in financial sector

In late 2009, two months after graduating with a degree in economics, Heng Piseth found a job as a credit officer with a microfinance institution in Kampong Thom province. The story reflects a larger trend confronting young Cambodians entering the financial sector’s job market. While ...

http://www.phnompenhpost.com/business/promotions-few-financial-sector

PM Defends Interest Rates

Prime Minister Hun Sen yesterday lashed out at the opposition party’s concerns over the interest rates charged by commercial banks to farmers. SRP lawmaker Yim Sovann said commercial banks in Cambodia charge customers very high interest rates, and said it is much higher than in other ...

http://www.phnompenhpost.com/2013051665645/Business/pm-defends-interest-rates.html

Collapses raise concerns over emergency training

When a bridge and kiosk collapsed into a pond at a Phnom Penh garment factory last month, injuring more than 20 workers, the Prime Minister’s Bodyguard Unit and police rushed to scour the murky water for survivors. Some hours later, those forces remained unsure whether any ...

http://www.phnompenhpost.com/2013061466282/National/collapses-raise-concerns-over-emergency-training.html

Former Manager Admits Stealing $2.3M From Canadia Bank

The former manager of Canadia Bank’s credit section has admitted to stealing $2.3 million from the bank’s accounts, the suspect’s lawyer said Tuesday, in what is one of the largest embezzlement schemes ever undertaken in Cambodia’s nascent banking industry. The testimony from Yeth So­pheaktra, 30, to ...

Eang Mengleng and Colin Meyn
http://www.cambodiadaily.com/news/former-manager-admits-stealing-2-3m-from-canadia-bank-44689/

City Hall Denies Teachers’ Day, International Habitat Day Rallies

Phnom Penh City Hall has turned down two requests by non-governmental groups to hold rallies and marches to mark both International Teachers’ Day and the international day for housing rights. Housing Rights Task Force (HRTF), a local NGO, was denied permission to organize a rally at ...

Kuch Naren
http://www.cambodiadaily.com/news/city-hall-denies-teachers-day-international-habitat-day-rallies-44785/

Withdrawals top hundreds of millions

More than $600 million flooded out of Cambodia’s entire banking system during the third quarter of this year, as fears of post-election chaos set off panic and mass withdrawals, new figures from the National Bank of Cambodia (NBC) reveal. The figures, obtained yesterday, were the first ...

Daniel de Carteret
http://www.phnompenhpost.com/business/withdrawals-top-hundreds-millions

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