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Over 100 tonnes of illegal items destroyed in K Speu

More than 100 tonnes of fake, expired and illegal products with banned chemical substances were destroyed on Thursday in Kampong Speu province on the orders of Interior Minister Sar Kheng. Kheng said the counterfeit products, which included food and beverages, were imported, mostly from the ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/over-100-tonnes-illegal-items-destroyed-k-speu

Tools monitor air, water quality

A factory has volunteered to install new systems to check air and water quality while the Ministry of Environment is pushing another 20 factories to install this tool and connect it to the central station of the ministry so that it can check environmental quality ...

Ry Sochan
https://www.phnompenhpost.com/national/tools-monitor-air-water-quality

Chea Serey promoted to central bank governor

Chea Serey has been formally appointed as governor of the National Bank of Cambodia (NBC) on the heels of her promotion from central banking director-general to deputy governor in March. ...

May Kunmakara
https://www.phnompenhpost.com/business/chea-serey-promoted-central-bank-governor

NBC officials optimistic about growing riel usage

The Cambodian riel accounted for about 17 percent of total currency circulation last year, a number similar to previous years, but central bank officials said they remained optimistic that use of the local currency will grow in the future. ...

Hor Kimsay
http://www.phnompenhpost.com/business/nbc-officials-optimistic-about-growing-riel-usage

Vietnam actively joins cross-border payment connectivity effort

Cambodian media has reported on August 25 that the State Bank of Vietnam (SBV) has signed a Memorandum of Understanding (MoU) on cooperation in regional payment connectivity with the central banks of Indonesia, Malaysia, Philippines, Singapore and Thailand. ...

Khmer Times Staff
https://www.khmertimeskh.com/501349303/vietnam-actively-joins-cross-border-payment-connectivity-effort/

Agriculture scholarships to help nurture local talent

A new agriculture scholarship and research grant were launched yesterday with the aim of nurturing local expertise by providing students opportunities to pursue graduate degrees and conduct research. ...

Chea Vannak
http://www.khmertimeskh.com/5086816/agriculture-scholarships-help-nurture-local-talent/

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

New maps show heavy deforestation in 2013

Newly released maps using U.S. satellite data show that Cambodia continued to suffer major deforestation in 2013, much of it in nominally protected forests and wildlife sanctuaries. In November 2013, the University of Maryland released what it said was the first study to combine a consistent ...

Zsombor Peter
https://www.cambodiadaily.com/news/new-maps-show-heavy-deforestation-in-2013-76239/

CPP blasted for promotions of military, police

At least 80 of the 306 new members of the CPP’s expanded central committee are members of the country’s military or security forces, Human Rights Watch (HRW) said Wednesday in a statement, which says the promotions are meant to secure the loyalty of security forces. ...

Mech Dara
https://www.cambodiadaily.com/news/cpp-blasted-for-promotions-of-military-police-77421/

MP urges government to scrap Koh Kong dam project

A dam project set to flood thousands of hectares of protected forest and displace about 1,500 indigenous minority villagers in one of Koh Kong province’s most precious ecosystems should be scrapped, opposition Sam Rainsy Party MP Son Chhay said yesterday. The 109-megawatt dam project in the ...

http://www.phnompenhpost.com/index.php/2012042055676/National-news/dont-dam-minority-mp-says.html

Ministry pushes motorists to utilise QR code licence plates

The Transport Ministry is encouraging drivers to replace their old licence plates with ones displaying QR codes in a bid to curb the use of fake plates in the Kingdom. ...

Ben Sokhean
https://www.khmertimeskh.com/50667607/ministry-pushes-motorists-to-utilise-qr-code-licence-plates/

Mainland chartered flights rise

Direct private chartered flights from different parts of China to Cambodia are booming as the number of Chinese tourists visiting the Kingdom is mounting, industry insiders told the Post yesterday. As early as July 10, a chartered flight will launch from Wuhan, the largest city in ...

http://www.phnompenhpost.com/2013070466650/Business/mainland-chartered-flights-rise.html

Bank deposits get protection

The Kingdom’s central bank ‒ the National Bank of Cambodia (NBC) ‒ is working closely with experts from the US Treasury to set up a depositors’ protection scheme among banks in the country. This move was welcomed by the country’s banking industry with CEOs saying ...

May Kunmakara
http://www.khmertimeskh.com/news/27744/bank-deposits-get-protection/

As European leaders try to save the euro, uncertainty about fallout in Cambodia if they don't succeed

It’s after midnight in Sihanoukville and British teenagers are clogging the walkways, pushing past one another to drain free shots at the bars. In Kep, elderly French tourists sun themselves at the upscale Sailing Club while Spaniards and Germans eye the offerings at Phnom Penh’s Central Market. In spite of the growing fears ...

http://www.etmcambodia.com/blog.php?article=502

PM insists worries about dam overblown

In February, Son Chhay wrote to the premier urging him to investigate illegal logging outside the legal clearing area slated for the Stung Tatai dam reservoir in Koh Kong province and the environmental destruction that would be wrought by the Stung Cheay Areng dam.  In a ...

http://www.phnompenhpost.com/index.php/2012071057322/National-news/worries-about-dam-overblown.html

Authorities create kidnapping hotlines

The Interior Ministry’s Central Security Department yesterday announced two hotlines for the public to report possible kidnappings after a spike in Facebook comments about parents losing their children. According to a statement issued yesterday, the purpose of the hotlines is to assist authorities with locating ...

May Titthara
http://www.khmertimeskh.com/news/40318/authorities-create-kidnapping-hotlines/

Ministry official probed for attempted land grab

An official in Mondulkiri province has said the ministries of Interior, and Environment are investigating Ministry of Justice undersecretary of state Seng Sovannara on suspicion of faking documents to grab land in the Phnom Prich and Keo Seima Wildlife Sanctuaries. ...

Khorn Savi
https://www.phnompenhpost.com/national/ministry-official-probed-attempted-land-grab

Casinos rake in $2 billion

Cambodia’s casino industry generates close to $2 billion in revenue a year and accounts for nearly 40 per cent of the Kingdom’s tourism revenue, a central bank official said yesterday.Chea Serey, director-general of the National Bank of Cambodia, told a workshop on statistics in international ...

Sor Chandara
http://www.phnompenhpost.com/business/casinos-rake-2-billion

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