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 ...
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
Siem Reap sees strong gains
Commercial property prices and rents in Siem Reap have increased by 10 to 20 per cent in the last year, according to the town’s newest real estate agency. Cambodia Properties Limited (CPL) opened its first Siem Reap branch three months ago, recognising a need for sound ...
http://www.phnompenhpost.com/Real-Estate/siem-reap-sees-strong-gains.html
Silver coins for ASEAN
The National Bank of Cambodia (NBC), or Central Bank, has issued ASEAN Commemorative Coins to mark the establishment of the ASEAN Community on December 31, according to its statement on Friday. ...
Xinhua team
http://www.khmertimeskh.com/news/18905/silver-coins-for-asean/
Fake beer destroyed
Authorities destroyed nearly 1,000 boxes of counterfeit beer yesterday following earlier raids sparked by a complaint filed by the sole distributor of the brand name beer. ...
Khuon Narim
http://www.khmertimeskh.com/5075187/fake-beer-destroyed/
Riel effort to help local currency
The governor of the National Bank of Cambodia, the nation’s central bank, Chea Chanto, has opened his heart about the future of the domestic currency and the dollar. ...
Khmer Times Staff
https://www.khmertimeskh.com/50709853/riel-effort-to-help-local-currency/
Soramitsu, the little-known blockchain firm behind Southeast Asia’s digital payment systems
Soramitsu, a Japanese company riding the wave of blockchain-based products supporting digital payments, has landed several deals with central banks. ...
Khmer Times Staff
https://www.khmertimeskh.com/501363859/soramitsu-the-little-known-blockchain-firm-behind-southeast-asias-digital-payment-systems/
Loss of Forest in Cambodia Among Worst in the World
Cambodia lost more than 7 percent of its forest cover over the past 12 years—the fifth fastest rate in the world—according to a new study of global forest cover change that sharply contradicts the government’s own rosier figures. Published Friday in the journal Science and led ...
Zsombor Peter
http://www.cambodiadaily.com/news/loss-of-forest-in-cambodia-among-worst-in-the-world-47259/
Derivatives licensing capped by regulator
Cambodia’s capital market regulator announced yesterday that it would suspend the issuance of new central counterparty licences to derivatives trading firms, claiming that capping the market at four was sufficient to serve current demand. ...
Hor Kimsay
http://www.phnompenhpost.com/business/derivatives-licensing-capped-regulator
Railway residents told to stay calm over expressway
Uncertain residents who have protested the lack of information surrounding a planned elevated toll road linking central Phnom Penh and the airport were yesterday urged to remain calm as authorities work out a “solution” for those affected. ...
Chhay Channyda
http://www.phnompenhpost.com/national/railway-residents-told-stay-calm-over-expressway
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
Cambodia to strengthen ASEAN’s central role as Chair 2022: FM
Cambodia will strengthen ASEAN’s central role so as to maintain peace, security and prosperity as Chair of ASEAN for 2022, Cambodian Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation Prak Sokhonn said on December 29. ...
Khmer Times Staff
https://www.khmertimeskh.com/50998304/cambodia-to-strengthen-aseans-central-role-as-chair-2022-fm/
PM calls for more improvement of higher education quality
Prime Minister Hun Sen urged relevant institutions, especially the Ministry of Education, Youth and Sports (MoEYS) to further enhance the quality of higher education, particularly the doctorate degree. ...
Khmer Times Staff
https://www.khmertimeskh.com/501299546/pm-calls-for-more-improvement-of-higher-education-quality/
Current assets in Cambodia's banking system rise to 25.6 bln USD by June
Current assets in Cambodia’s banking and financial institutions had risen to 25.6 billion U.S. dollars by June 2016, an increase of 21.3 percent in the last 12 months, according to the biannual report of the National Bank of Cambodia (NBC), or the central bank, on ...
XINHUA
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=332556
NBC tests mechanism to link Kingdom’s major banks
The central bank officially held a soft launch last Friday for its central shared switch mechanism, which connects account records of three of the Kingdom’s leading financial institutions, allowing them to operate ATM and point-of-sale (POS) terminals in tandem. ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-tests-mechanism-link-kingdoms-major-banks
New rules for digital payments
The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments
NBC injected $139 million to stabilise riel in 2023
The National Bank of Cambodia (NBC) sold $139.1 million through auction last year to stabilise the riel exchange rate and to rebound the economy, according to the central bank’s report released on Monday. ...
Chea Vanyuth
https://www.khmertimeskh.com/501431035/nbc-injected-139-million-to-stabilise-riel-in-2023/