Court date postponed for seven suspects in Ponzi scheme case
Police in Siem Reap province delayed sending seven suspects accused of running a ponzi scheme to court Monday on the order of a prosecutor, who said the director of the company behind the scheme would be appearing today to “guarantee them.” ...
Kang Sothear
https://www.cambodiadaily.com/news/court-date-postponed-for-seven-suspects-in-ponzi-scheme-case-85220/
Mining tax likely won’t budge
Cambodia’s new mining law is on track for adoption by the end of this year and will introduce a raft of reforms to the sector, a senior official said, although the country’s mining tax will likely remain the same. Meng Saktheara, secretary of state at the ...
Charles Rollet
http://www.phnompenhpost.com/business/mining-tax-likely-wont-budge
New day for old finance market
The formalisation of Cambodia’s derivatives sector will provide budding investors with more choices for their portfolio – although at a risk, insiders say.After years of deliberation, the Securities and Exchange Commission of Cambodia (SECC) on July 2 passed a prakas, or regulation, which allows individuals ...
Charles Rollet
http://www.phnompenhpost.com/business/new-day-old-finance-market
Minister calls for ban on chainsaw imports
A ban on the importation of chainsaws into Cambodia could be in the offing, after agriculture officials this week called for a nationwide crackdown on the illegal logging trade. ...
Phak Seangly
http://www.phnompenhpost.com/national/minister-calls-ban-chainsaw-imports
Keep those receipts: gov’t
Deputy Prime Minister Keat Chhon has demanded officials reveal just how much they are spending on state-funded trips overseas and what those trips are accomplishing, a move observers said was a long overdue bid for accountability in an often-abused system.In a letter dated July 10 ...
Taing Vida
http://www.phnompenhpost.com/national/keep-those-receipts-govt
Revenue from customs and excise to feel impact of Covid-19 outbreak, GDCE says
The General Department of Customs and Excise (GDCE) said its 2020 revenue will take a hit from the outbreak of the novel coronavirus in China. The department is unlikely to meet revenue goals for 2020 as import-export activity in the Kingdom slows down due to the ...
May Kunmakara
https://www.phnompenhpost.com/business/revenue-customs-and-excise-feel-impact-covid-19-outbreak-gdce-says
Follow labour law effectively, employers told
The Ministry of Labour and Vocational Training has issued letters to employers reminding them to implement the Kingdom’s labour laws more effectively, especially concerning the seniority payment formula. ...
Long Kimmarita
https://www.phnompenhpost.com/national/follow-labour-law-effectively-employers-told
PM hands out prizes for Cambodia's ‘A’-team
For the third year in row, students scoring an A on Cambodia’s high-stakes Grade 12 exit exam were granted an audience with Prime Minister Hun Sen and lavished with gifts, while the Ministry of Education came in for its own accolades on reforms that are ...
Yesenia Amaro and Vong Sokheng
http://www.phnompenhpost.com/national/pm-hands-out-prizes-cambodias-team
Ministry to transport drivers: final warning on overloaded trucks
Officers at nearly 30 weigh stations across the country carried out an educational campaign for truckers to introduce the articles 26 and 60 Of the road traffic law which prescribe stricter penalties for overloaded trucks. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ministry-transport-drivers-final-warning-overloaded-trucks-0
CCF carries out raids on 17 fuel fraudsters
Officials from the General Directorate Of Consumer Protection, Competition and Fraud Repression (CCF) found 17 fuel businesses in four provinces conducting illegal business, while more than 1,000kg Of defective goods and over 500 litres Of counterfeit alcohol were confiscated and destroyed from October 18-20. ...
Long Kimmarita
https://www.phnompenhpost.com/national/ccf-carries-out-raids-17-fuel-fraudsters
National Consultation Workshop on “Policy And Direction Of Cambodia’s Financial Technology” to be held
The Digital Economy and Business Committee under the National Digital Economy and Society Council is in the process of formulating Cambodia’s Financial Technology Development Policy and will organise the National Consultation Workshop on “Policy and Direction of Cambodia’s Financial Technology” next week, on April 26-27. ...
Khmer Times Staff
https://www.khmertimeskh.com/501060292/national-consultation-workshop-on-policy-and-direction-of-cambodias-financial-technology-to-be-held/
Malaysia trade surges by over one-third in Jan-Apr
Bilateral trade between Cambodia and Malaysia was worth $205.2 million in the first four months of 2022, surging by over one-third from nearly $152.9 million from the corresponding period last year, according to Customs. ...
Hin Pisei
https://www.phnompenhpost.com/business/malaysia-trade-surges-over-one-third-jan-apr
Cambodian Foreign Minister rejects accusations concerning Ream naval base
Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn has dismissed the recent news spread by some media outlets concerning Ream Naval Base. ...
Khmer Times Staff
https://www.khmertimeskh.com/501090080/cambodian-foreign-minister-rejects-accusations-concerning-ream-naval-base/
Exports to Vietnam grow to $1.6B in first 7 months
Exports from Cambodia to Vietnam have recorded steady growth, rising 20.6 per cent year-on-year to $1.6 billion in the first seven months of 2023 from $1.3 billion, although trade balance dipped one per cent to $3.8 billion from the year prior. ...
Hin Pisei
https://www.phnompenhpost.com/business/exports-vietnam-grow-16b-first-7-months
Vocational training for informal students increases
Some 10,499 students trained in various vocational skills last year, a rise of 2,229 people from the 8,270 informal students in 2021, the Ministry of Education, Youth and Sport said. ...
Torn Vibol
https://www.khmertimeskh.com/501358574/vocational-training-for-informal-students-increases/
Orphanage given two months to improve facilities and care
The Ministry of Social Affairs, Veterans and Youth Rehabilitation has given an orphanage cum hospice, two months to improve the facilities and care provided after finding serious flaws in the management, administration and care of children. ...
Torn Vibol
https://www.khmertimeskh.com/501359441/orphanage-given-two-months-to-improve-facilities-and-care/
UK Exports decline 15% Jan-July as orders drop
Bilateral trade between Cambodia and the UK in the first seven months of 2023 fell 14.6 per cent year-on-year to $496.3 million from $581.4 million, with nearly 90 per cent of the value consisting of exports from Cambodia, according to the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/uk-exports-decline-15-jan-july-orders-drop
Media literacy becoming important, say NGOs and ministries
Media literacy refers to the ability to think objectively about the information a person comes into contact with through general media and, increasingly, social media. It is a common goal of the government and civil society organisations to bring this knowledge to the Cambodian people, ...
Keo Bosaba
https://www.phnompenhpost.com/national/media-literacy-becoming-important-say-ngos-and-ministries
Cambodia’s goods exports to US rise nearly a quarter on-year to $8.2B
Cambodia and the US traded goods worth $8.510 billion in the first 11 months of 2022, marking gains of 21.79 per cent on-year, with Cambodian exports to the world’s largest economy accounting for a 96.56 per cent share, according to the General Department of Customs ...
Hin Pisei
https://www.phnompenhpost.com/business/cambodias-goods-exports-us-rise-nearly-quarter-year-82b