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 ...
US congressman urges CPP to drop party-busting bill
A U.S. congressman on Wednesday called on the CPP to abandon an imminent vote on legislation that would give the Cambodian government sweeping new powers to abolish its political rivals, the same day the U.S. ambassador met with CNRP acting President Kem Sokha to discuss ...
Ben Sokhean and Zsombor Peter
https://www.cambodiadaily.com/news/us-congressman-urges-cpp-to-drop-party-busting-bill-125317/
Online trademarks go live
The Ministry of Commerce is urging local and foreign businesses to register their trademarks in Cambodia via a new online system.Commerce Minister Pan Sorasak said the system will serve both the public and private sector and make it easier for organisations to protect their intellectual ...
Sok Chan
http://www.khmertimeskh.com/news/38781/online-trademarks-go-live/
Western policies may slow growth
Long-term growth prospects for developing economies, including Cambodia, will continue to be undermined by a lack of investment as well as the risk of increased protectionist policies by the United States, which could hamper the growth of commodity-driven economies, according to a new report released ...
Kali Kotoski
http://www.phnompenhpost.com/business/western-policies-may-slow-growth
Aeon anniversary highlights shifting market for local malls
AEON Mall, the first large-scale modern shopping mall in Cambodia, recently celebrated its third year of operation in the Kingdom, but with several new high-end malls slated to open over the next few years, analysts expect more competition and sweeping changes in the country’s retail ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/aeon-anniversary-highlights-shifting-market-local-malls
Exports to US bounce back on revised GSP
Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-us-bounce-back-revised-gsp
Logistics master plan brings high hopes
The new master plan to guide logistics infrastructure development in the kingdom will be ready by the end of March next year and will be pivotal in slashing costs and ramping up efficiency in transportation, a senior official from the Ministry of Public Works and ...
Sok Chan
http://www.khmertimeskh.com/5096121/logistics-master-plan-brings-high-hopes/
Repo auction offers quick liquidity fix
The National Bank of Cambodia rolled out a new mechanism yesterday that offers immediate liquidity to financial institutions to cover their payments and reserve obligations, while giving the central bank greater control over the country’s money supply and moving toward the establishment of a benchmark ...
Hor Kimsay
http://www.phnompenhpost.com/business/repo-auction-offers-quick-liquidity-fix
MFIs seek ministry support
The Ministry of Economy and Finance (MEF) is planning to form a joint committee chaired by government officials and microfinance institutions (MFIs) to promote small loan disbursements as the new 18 percent loan interest rate cap takes effect, according to an announcement released by the ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-seek-ministry-support
Japan firms link up to offer leasing
Rent Japan Group Inc, a publicly listed Japanese company that specializes in the recycling and reuse of consumer products, will establish a joint venture with a Japanese financial services firm to launch a new leasing company in Cambodia, it said in a filing yesterday to ...
Kali Kotoski
http://www.phnompenhpost.com/business/japan-firms-link-offer-leasing
Government eyeing low-cost housing
An estimated 7.9 million people in Cambodia will be living in urban areas by 2030, up from 4.5 million in 2014, with officials at a forum on national housing yesterday announcing ambitious plans to meet the demand for some 55,000 affordable new homes each year. ...
Touch Sokha and Yesenia Amaro
http://www.phnompenhpost.com/national/government-eyeing-low-cost-housing
NBC unveils online trading platform
In order to promote interbank transactions and lending, the National Bank of Cambodia (NBC) has officially launched a new online platform which allows financial operators to apply for and trade the central bank’s financial instruments like negotiable certificates of deposits (NCDs), liquidity-providing collateralised operations (LPCOs) ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-unveils-online-trading-platform
Mobile phones could be anti-HIV tool: study
Mobile phone technology could be an effective means to promote improved health practices among Cambodia’s female entertainment workers and help curb the spread of HIV, according to a new study conducted by the organisation KHANA and the Center for Global Health Research at Touro University ...
Cristina Maza
http://www.phnompenhpost.com/national/mobile-phones-could-be-anti-hiv-tool-study
‘Peace Museum’ opens
Defence Minister Tea Banh is slated today to preside over the official opening of the Cambodian Mine Action Centre’s new $700,000 “Peace Museum for Mine Action” at its Siem Reap regional headquarters, with Japan set to donate $12 million worth of demining equipment, an official ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/peace-museum-opens
Bid to invest in silkworm farms taking shape
Six month after announcing its intentions to invest in local silk production, a Japanese beauty company, in partnership with the Ministry of Agriculture, has released a new study on silkworms and their potential for the cosmetics industry, paving the way for more concrete action to ...
Sok Chan
http://www.khmertimeskh.com/5085780/bid-invest-silkworm-farms-taking-shape/
VietJet starts Hanoi-Siem Reap in November
VIETJET will be introducing a new route connecting Hanoi and Siem Reap, effective November 3, 2014. The daily direct flight will depart Noi Bai International Airport in Hanoi at 17.15 and Siem Reap International Airport at 18.05. ...
TTG Asia News Staff
http://www.ttgasia.com/article.php?article_id=23970
Patient death blamed on doctors’ holiday leave
The parents of a man who died at the Svay Rieng provincial referral hospital of wounds sustained in a motorbike crash say their son might have survived if doctors had not been absent from work celebrating Chinese New Year, and are planning to file a ...
Ben Sokhean
https://www.cambodiadaily.com/news/patient-death-blamed-on-doctors-holiday-leave-78498/
Thai Rights body censures firm over Koh Kong sugar plantations
The National Human Rights Commission of Thailand has accused the country’s Khon Kaen Sugar of “serious human rights violations” at its two Cambodian plantations in a new report that urges the firm to return the land to the hundreds of families forced off their farms—some ...
Zsombor Peter and Kuch Naren
https://www.cambodiadaily.com/news/thai-rights-body-censures-firm-over-koh-kong-sugar-plantations-84968/
Government announces start of garment sector wage talks
The Labor Ministry on Friday announced that formal negotiations to set a new minimum wage for the country’s all-important garment sector—now at $128 a month—will begin in July, reviving the same schedule for talks it used with unions and employers for the first time last ...
Mech Dara
https://www.cambodiadaily.com/news/government-announces-start-of-garment-sector-wage-talks-85550/
Workers race to finish grand stupa for Chea Sim
The Labor Ministry on Friday announced that formal negotiations to set a new minimum wage for the country’s all-important garment sector—now at $128 a month—will begin in July, reviving the same schedule for talks it used with unions and employers for the first time last ...
Tin Sokhavuth
http://www.khmertimeskh.com/news/12289/workers-race-to-finish-grand-stupa-for-chea-sim/