Banking liquidity tool moves to weekly issuance
Cambodia’s central bank yesterday launched a weekly issuance of Negotiable Certificate of Deposits (NCD) with selling scheduled for every Wednesday – a move aimed at developing the interbank lending market by promoting a secondary market for the short-term interest-bearing certificates.
Hor Kimsay
http://www.phnompenhpost.com/business/banking-liquidity-tool-moves-weekly-issuance
Chinese arrivals to jump to 2M by 2020
Cambodian tourism authorities are formulating strategies to carve a larger share out of the Chinese outbound tourism market and have set a target of drawing over 700,000 Chinese visitors this year, and up to 2 million a year by 2020.
Sor Chandara
http://www.phnompenhpost.com/business/chinese-arrivals-jump-2m-2020
City hall bans human rights day march over security fears
The Phnom Penh municipal government has rejected a request from NGOs to mark international Human Rights Day on December 10 with a march from the National Assembly to Freedom Park, claiming the walk would pose a threat to public security.
Mech Dara
https://www.cambodiadaily.com/news/city-hall-bans-human-rights-day-march-over-security-fears-101830/
Try Pheap gets new ELC amid freeze, governor says
Timber magnate Try Pheap and businessman Lim Bunna were granted economic land concessions (ELCs) on property inside a wildlife sanctuary confiscated from two other companies for violating their government contracts, a provincial governor told a meeting of officials on Monday.
Aun Pheap
https://www.cambodiadaily.com/news/try-pheap-gets-new-elc-amid-freeze-governor-says-105822/
Sathapana shifts from MFI to commercial bank
Sathapana Microfinance Plc., the third largest MFI in Cambodia, has officially transformed itself into a commercial bank with total capital of $120 million, a move in line with Japanese-owned Maruhan Japan Bank acquiring a 95.1 percent stake in 2012.
Sum Manet
http://www.khmertimeskh.com/news/24144/sathapana-shifts-from-mfi-to-commercial-bank/
Child abuse rife says NGO report
Children in Cambodia face a range of threats to their safety including violence, sexual abuse and economic exploitation, with the justice system failing to prosecute alleged offenders, according to a 68-page report by a host of children’s welfare NGOs.
MOM KUNTHEAR
http://www.khmertimeskh.com/news/25683/child-abuse-rife-says-ngo-report/
Pharmacy shut down after man dies upon taking supplement
An unlicensed pharmacy in Siem Reap City that sold a traditional Chinese nutritional supplement the manufacturer claims can treat “100 diseases” was shut down on Wednesday after a 72-year-old man died after taking a dose, officials said Thursday.
Ben Sokhean
https://www.cambodiadaily.com/news/pharmacy-shut-down-after-man-dies-upon-taking-supplement-96189/
Court acquits land broker in $2.5m fraud case
The Phnom Penh Municipal Court on Friday acquitted a land broker of allegedly defrauding a businessman out of $2.5 million over a 9,000-hectare economic land concession (ELC) in Mondolkiri province that was eventually revoked by the government.
Khuon Narim
https://www.cambodiadaily.com/news/court-acquits-land-broker-in-2-5m-fraud-case-97086/
Woman’s seizure prompts mass fainting at factory
Dozens of workers fainted at a garment factory in Kompong Chhnang province on Friday after seeing one of their colleagues have a seizure, which they feared was caused by an electric shock from her sewing machine, a police official said.
Sek Odom
https://www.cambodiadaily.com/news/womans-seizure-prompts-mass-fainting-at-factory-97082/
Union agrees to stop protests; factory to set aside complaint
Demonstrations surrounding the establishment of a new union at a garment factory in Kompong Speu province ended Monday after management dropped their complaint against two jailed workers in exchange for protesters agreeing to return to their jobs, a court official and unionists said.
Ben Sokhean
https://www.cambodiadaily.com/news/union-agrees-to-stop-protests-factory-to-set-aside-complaint-98387/
Guesthouse guard on the run after murder by chair leg
A guard at a guesthouse in central Phnom Penh is on the run after beating his colleague to death with a wooden chair leg in their shared bedroom on Monday morning, according to police and the family that owns the guesthouse.
Saing Soenthrith and George Wright
https://www.cambodiadaily.com/news/guesthouse-guard-on-the-run-after-murder-by-chair-leg-103622/
Sellers urged to return to site of Thailand riot
The Ministry of Foreign Affairs has urged nervous Cambodian vendors to reopen their shops at a market in Thailand across the border from Poipet town after a counterfeits bust by Thai authorities resulted in a riot and arrests earlier this month.
Sen David
http://www.phnompenhpost.com/national/sellers-urged-return-site-thailand-riot
Wall of fresh fish blocks Poipet border
Thai authorities withdrew a 700 percent import tax increase on Cambodian fish vendors on Thursday after the angered cart-pushers formed a wall of baskets teeming with fresh fish along a border checkpoint on Thursday in protest, according to Poipet authorities.
Buth Kimsay
https://www.cambodiadaily.com/news/wall-of-fresh-fish-blocks-poipet-border-125741/
Roadside families protest at City Hall
Nearly 100 residents living along a stretch of land running from a railway in Boeung Kak to National Road 5 have gathered again outside City Hall to demand information about the development of a new road threatening to destroy their homes.
Pech Sotheary
http://www.khmertimeskh.com/news/38081/roadside-families--protest-at-city-hall/
International group demands severance for shuttered factory’s workers
An international alliance of NGOs has started a campaign to urge two prominent U.K. clothing retailers and a Canadian brand to compensate 208 factory workers who lost their jobs when the Chung Fai Knitwear factory abruptly closed a year ago.
Julia-grace Sanders
https://www.cambodiadaily.com/news/intl-group-demands-severance-for-shuttered-factorys-workers-132451/
Community forests fall short
A newly leaked document attesting to a $15,000 deal between representatives of Ratanakkiri’s Samut Krom village and a timber trader to allow Vietnamese-backed logging in the community’s forest appears to add further weight to its critique.
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/community-forests-fall-short
Cop caught on camera beating traffic officer placed in pre-trial detention
A National Police officer who beat up a traffic policeman on Tuesday for reprimanding him for running a red light was sent to pre-trial detention by Phnom Penh Municipal Court this afternoon and faces the preliminary charge of “intentional violence”.
Kong Meta
http://www.phnompenhpost.com/national/cop-caught-camera-beating-traffic-officer-placed-pre-trial-detention
Germany puts pressure on Cambodia, ending preferential visa treatment for Hun family and high-ranking officials
In a response to a parliamentary inquiry, the German government on Wednesday laid out a number of measures it has quietly taken over recent months to pressure the Cambodian government following its crackdown on media outlets, NGOs and the political opposition.
Leonie Kijewski
http://www.phnompenhpost.com/national-politics/germany-puts-pressure-cambodia-ending-preferential-visa-treatment-hun-family-and
Bamboo train blocked as land dispute erupts
A part of the new bamboo railway in Battambang province was blocked yesterday over of a dispute between the owner of the construction company that built the line and a man claiming the railway ran through his land near Banan mountain.
Khy Sovuthy
http://www.khmertimeskh.com/109301/bamboo-train-blocked-land-dispute-erupts/
Smart eyes 41.5% stake sale for expansion
Malaysian telecom giant Axiata Group will consider divesting a portion of its stake in Cambodian mobile operator Smart Mobile in a bid to free up capital to “pursue opportunities”, including infrastructure expansion and future acquisitions, a company executive said yesterday.
Kali Kotoski and Cam McGrath
http://www.phnompenhpost.com/business/smart-eyes-415-stake-sale-expansion
