Two more banks setting up shop
The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and Spokeswoman Ngoun Sokha said yesterday. The central bank had licensed Taiwan’s Mega international ...
http://www.phnompenhpost.com/index.php/2011083051333/Business/two-more-banks-setting-up-shop.html
Vietnam top destination for Cambodians
Cambodian outbound tourist departures rose 29 per cent year-on-year through July, with the bulk of the travellers going to Vietnam and Thailand, according to Ministry of Tourism statistics. Nearly 358,000 Cambodian tourists left the Kingdom in the first seven months of 2011, up from about ...
Arbitration council orders an end to strike
The Arbitration Council has ordered more than 700 workers at the Wei Xin garment factory to end a week-long strike they have staged in protest against a spate of issues they have with the company over contracts and payment. A decision handed down on Saturday by ...
ADB can't confirm authenticity of letter
The Asian Development Bank yesterday said it had never authenticated a June 17 letter from Finance Minister Keat Chhon that claimed an ADB consultant urged the government to target advocacy groups critical of an ADB-funded railway project. in a copy of the letter obtained earlier this ...
Coordination of flood aid questioned
As floodwaters across the country remain high after almost two weeks of flooding, tens of thousands of families are still waiting in unsanitary comnditions for emergency supplies such as food and water. But while help trickles down to affected communities, aid groups have begun to question ...
UAE considering Kingdom's rice
Cambodia plans to expand its exports of milled rice and other agricultural products to the United Arab Emirates, Minister of Commerce Cham Prasidh said yesterday. The UAE seeks a replacement for the milled rice it would otherwise import from Thailand, where the worst flooding in decades ...
Ban on Filipino migrant workers suspended
The Philippine government on October 28 issued a ban on its country’s citizens working in Cambodia only to suspend the ban a week later after Filipinos employed here complained, Philippine Ambassador Noe Wong said yesterday. Cambodia was listed by the Philippines Overseas Employment Administration (POEA) as ...
SMEs not yet ready for CSX
Small and medium-sized enterprises, which are expected to play a key role in the Kingdom’s emergent stock market, are far from ready to list, insiders say. Most important, many SMEs lack the standardisations and controls required of publicly traded companies by the Securities and Exchange Commission ...
http://www.phnompenhpost.com/index.php/2011112152859/Business/smes-not-yet-ready-for-csx.html
Cambodia among most deforested countries
Cambodia has one of the world’s highest rates of deforestation, ranking ninth among 180 countries in terms of forest loss during the past decade, according to a new study, which said that economic land concessions and illegal logging were the primary cause for the demise ...
Kingdom's 2011 GDP hits 6.9%
Cambodia’s gross domestic product grew 6.9 per cent year-on-year in 2011, and is set to increase to 6.5 per cent this year, according to preliminary projections from the Ministry of Economy and Finance. Agriculture, which was hit hard by floods last year, climbed 3.3 per cent, ...
http://www.phnompenhpost.com/index.php/2012012754182/Business/kingdoms-2011-gdp-hits-69.html
Child labor drains Kingdom
Child labour was draining the Kingdom’s brainpower and adversely affecting 750,000 of its children, officials at the Ministry of Agriculture, Forestry and Fisheries said yesterday. Speaking at a three-day conference on child agricultural labour, Kaing Khim, deputy director-general of fisheries administration at the MAFF, said ...
http://www.phnompenhpost.com/index.php/2012022354686/National-news/child-labour-drains-kingdom.html
Bank Backs Displaced Families’ Compensation
The Asian Development Bank (ADB), one of the two major financiers of the rehabilitation of Cambodia’s railways, yesterday rejected criticism that they were providing insufficient resettlement packages to residents displaced by the project. On Friday, the ADB released a cost study that showed that the compensation ...
Information Minister Promotes Gov't Use of Social Media
Minister of information Khieu Kanarith has encouraged all provincial and city information departments to set up and maintain their own homepages, websites and profiles on the internet, including popular social networking sites such as Facebook, officials said yesterday. The minister, who posts frequent updates ...
Thais will sit out NGO meet
Civil society groups from Thailand will boycott a meeting between NGOs and regional government representatives at this week’s ASEAN summit because their country’s delegate “does not represent Thai civil society”, a spokeswoman said yesterday. Premrudee Daoroung, a representative of Thai civil society groups, said her country’s ...
http://www.phnompenhpost.com/index.php/2012040255373/National-news/thais-will-sit-out-ngo-meet.html
Land on capital’s riverfront is opened up for investment
The government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy ...
Hor Kimsay
https://www.phnompenhpost.com/business/land-capitals-riverfront-opened-investment
At Cambodia’s last independent newspaper, top editor fired, foreign journalists quit
All but a handful of foreign journalists on staff at The Phnom Penh Post, Cambodia’s last remaining independent daily newspaper, resigned on Wednesday. Citing differences over the meaning of “editorial independence,” they quit within days after new owners fired its editor-in-chief who refused to remove a published ...
Hul Reaksmey
https://www.voanews.com/a/cambodia-last-independent-newspaper-editor-fired-reporters-quit/4387613.html
Cambodia steps up fight against climate change
Considered one of the most vulnerable countries in the world to the effects of climate change, the Royal Government of Cambodia is taking major steps to improve its resilience and reduce its disaster risk with support from the UN Office for Disaster Risk Reduction. To ...
Omar H. Amach
https://www.unisdr.org/archive/64687
Key commerce laws to be passed this year
A raft of new laws to boost the local economy is in the pipeline and will be passed before the end of the year, according to a senior public official. Mao Thora, secretary of state at the Ministry of Commerce, told Khmer Times on Tuesday that the E-commerce ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50622358/key-commerce-laws-to-be-passed-this-year/
National Bank of Cambodia slams NGOs’ lending report
The National Bank of Cambodia (NBC) on Thursday slammed a report on predatory lending in the Kingdom by local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT), which was released on Wednesday, as “flawed”. The report, entitled Collateral Damage, claimed that increasing levels of ...
Thou Vireak
https://www.phnompenhpost.com/business/national-bank-cambodia-slams-ngos-lending-report
Siem Reap orders halt to state land grabs
The Siem Reap provincial administration has ordered its relevant authorities to take legal measures against anyone illegally clearing and grabbing wetland, community land or natural protected areas. It also urged them to immediately stop issuing ownership letters and documents for such land. The announcement, obtained ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/siem-reap-orders-halt-state-land-grabs