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Sonando sets sights on Kampuchea Krom

Popular radio station owner Mam Sonando on Wednesday hosted the first congress of his new Beehive Social Democratic Party, during which he was elected president and made promises including meal discounts for soldiers and the return of southern Vietnam to Cambodia should his party win ...

Khuon Narim
https://www.cambodiadaily.com/news/sonando-sets-sights-on-kampuchea-krom-93792/

Shinhan Bank opens 5th branch in Cambodia

Shinhan Bank announced on Dec. 23 that it has opened a new branch in Steng Min Chey, an emerging developing area in Phnom Penh, in order for Shinhan Khmer Bank, a subsidiary of Shinhan Bank in Cambodia, to accelerate its business in the country. ...

Jung Suk-yee
http://www.businesskorea.co.kr/english/news/industry/13395-140th-international-network-node-shinhan-bank-opens-5th-branch-cambodia

Latest malaria drug resistance sparks fears

A new study by the U.S. National Institutes of Health (NIH) has confirmed that resistance is growing to one of the key drugs being used to fight malaria in Cambodia, a situation likely to worsen and which could lead to a growing caseload in the ...

Zsombor Peter
https://www.cambodiadaily.com/news/latest-malaria-drug-resistance-sparks-fears-104930/

In Phnom Penh, a looming sewage crisis

Renderings of Casa Meridian, a new condominium complex, suggest that its wealthy buyers are investing in a glistening 414-unit skyscraper overlooking a placid, ocean-blue body of water surrounding Koh Pich island, which is sprouting a number of luxury towers developed by the Overseas Cambodian Investment ...

Ben Paviour
https://www.cambodiadaily.com/news/111364-111364/

National bank to receive support from IFC

The International Finance Corporation (IFC) signed a Memorandum of Understanding with the National Bank of Cambodia (NBC) yesterday in a move that officials are predicting will usher in a new era of responsible corporate governing practices, transparency, financial risk management and public confidence in the ...

May Kunmakara
http://www.khmertimeskh.com/news/24858/national-bank-to-receive-support-from-ifc/

Government not ready for World Bank loans: US

The U.S. accused the Cambodian government of scaling back the space for free speech and the World Bank of failing to learn from its mistakes in justifying its decision to abstain from a recent Bank vote that approved a sheaf of new loans to Cambodia. ...

Zsombor Peter
https://www.cambodiadaily.com/news/govt-not-ready-for-world-bank-loans%E2%80%88us-113178/

Credit growth starts to cool off

New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less demand from the ...

Kali Kotoski
http://www.phnompenhpost.com/business/credit-growth-starts-cool

Kem Sokha says there’s no racism in Cambodia

Two days after Prime Minister Hun Sen told the U.N.’s new special rapporteur on human rights in Cambodia to focus her efforts on tackling racial discrimination, deputy opposition leader Kem Sokha on Thursday used a Cham Muslim religious ceremony to argue that there is no ...

Alex Willemyns and Kuch Naren
https://www.cambodiadaily.com/news/kem-sokha-says-theres-no-racism-in-cambodia-95426/

Prime Minister Hun Sen told the world to promote women in political affairs

Prime Minister Hun Sen at the “Global Leader’ Meeting on Gender Equality and Women’s Empowerment held at New York, said that Cambodia has actively joined UN member states to implement policies, strategies and action plans aimed to promote gender equality and women’s empowerment.   ...

The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/prime-minister-hun-sen-told-the-world-to-promote-women-in-political-affairs-8993

Cambodia revenue drives profit surge at casino supplier

Entertainment Gaming Asia, a Nasdaq-listed company that supplies electronic gaming machines, posted a an 88 percent year-on-year rise in its third-quarter profit, citing higher sales in Cambodia as a major driver of its growth, according its filing to the Nasdaq on Monday in New York.  ...

May Kunmakara
http://www.khmertimeskh.com/news/17676/cambodia-revenue-drives-profit-surge-at-casino-supplier/

ID cards coming unglued

Expired glue used in the production of Cambodia’s new generation of national identification cards is causing the top layer of some to peel off, though it’s unclear exactly how many of the 6.4 million issued since 2012 are affected, according to a Ministry of Interior ...

Shaun Turton and Taing Vida
http://www.phnompenhpost.com/national/id-cards-coming-unglued

Monkey-based malaria strain poses 'high risk' to humans: study

A new study has predicted that even if Cambodia manages to eradicate so-called “human” strains of malaria by 2025 – a key government goal – it will continue be at “high risk” of infections from a strain of the parasite more typically found in wild ...

Yesenia Amaro
http://www.phnompenhpost.com/national/monkey-based-malaria-strain-poses-high-risk-humans-study

Industry ministry aims to increase patent protection

Due to the lack of qualified personnel to evaluate new patents and enforce the existing law, the Industry Ministry is cooperating with the European Patent Office to enhance their capacity so that Cambodia can better ensure protection of patents to draw more investment, Industry Minister ...

Sok Chan
http://www.khmertimeskh.com/news/19745/industry-ministry-aims-to-increase-patent-protection/

Environmental code aims to safeguard natural resources

A new plan to protect the environment started taking shape yesterday when the Environment Ministry held a workshop to discuss ideas on how to convert numerous laws into a single code to govern the county’s natural resources. It is expected the process will take two years ...

Ros Chanveasna
http://www.khmertimeskh.com/news/23704/environmental-code-aims-to-safeguard-natural-resources/

Nearly 90% of garment factory jobs at risk of automation: ILO

Local industry experts responded yesterday to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer to ...

Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/nearly-90-garment-factory-jobs-risk-automation-ilo

Railway families still smarting after 2 years

Efforts by the Asian Development Bank (ADB) to restore the living standards of families evicted by its railway rehabilitation project continue to fall far short of expectations, and urgent action is needed if the bank is to comply with its own safeguard policies, according to ...

Zsombor Peter
https://www.cambodiadaily.com/news/railway-families-still-smarting-2-years-116519/

Rice taskforce created, again

The Ministry of Commerce set up a new taskforce on Friday to address challenges faced by the Kingdom’s struggling rice industry and assess demands made by members of the Cambodia Rice Federation (CRF), who have decried the ineffectiveness of an earlier taskforce set up by ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-taskforce-created-again

Siem Reap feels pinch of tourism downturn

Foreign tourist arrivals in Siem Reap fell 11.2 per cent during the first nine months of the year compared to the same period one year earlier, as the Kingdom’s top tourist gateway sees its most significant slowdown in visitor arrivals in decades, new government data ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/siem-reap-feels-pinch-tourism-downturn

Unions meet with lawmakers, raise concerns on draft law

Union leaders raised their concerns with a draft law aiming to regulate their activities—including a provision that they must report their finances every year—during their first meeting with CPP lawmakers on a new bipartisan committee formed to review the controversial bill before it goes to ...

Sek Odom and Zsombor Peter
https://www.cambodiadaily.com/news/unions-meet-with-lawmakers-raise-concerns-on-draft-law-104126/

Draft law to join china-led development bank passes national assembly

The draft law to join the China-led Asian Infrastructure Investment Bank passed the National Assembly yesterday with lawmakers from both the ruling and opposition party supporting it, saying it will  open the door to a new source of funding for the development of the Kingdom’s ...

Sok Chan
http://www.khmertimeskh.com/news/19860/draft-law-to-join-china-led-development-bank-passes-national-assembly/

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