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Cambodia asks for help in oil and gas industry

Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. Mr. Chanthol laid out a goal to achieve an overall trade ...

Simon Henderson
http://www.cambodiadaily.com/business/cambodia-asks-for-help-in-oil-and-gas-industry-57237/

Japan provides $52M in grants

The Japanese government has provided more than $52 million in grants for Cambodia’s socio-economic development projects so far this year, the Ministry of Foreign Affairs and International Cooperation said. ...

Thou Vireak
https://www.phnompenhpost.com/business/japan-provides-52m-grants

Global economic rebound to lift Cambodia’s export and investment

The National Bank of Cambodia (NBC)’s Governor Chea Chanto has said that the global economic recovery will support Cambodia’s export and investment sectors, reinforcing its position as a pillar of support for relevant sectors, to boost the national economy into positive growth and sow the ...

Khmer Times Staff
https://www.khmertimeskh.com/50901911/global-economic-rebound-to-lift-cambodias-export-and-investment/

Exchange officials explain IT system

Stock exchange officials were conducting a five-day workshop on the IT system that will allow trading,  Securities and Exchange Commission of Cambodia director-general Ming Bankosal said yesterday. The workshop, held in conjunction with the Cambodia Securities Exchange, would also seek feedback on the system’s functionality ...

http://www.phnompenhpost.com/index.php/2011090151406/Business/exchange-officials-explain-it-system.html

Revenues from trade inspection climbing

Camcontrol Directorate General revenue from goods inspections during the first half of the year increased by more than 32 percent compared to the same period last year, according to Ministry of Commerce data. Camcontrol, or the Cambodia Import-Export Inspection and Fraud Repression Directorate General, which regulates ...

http://www.phnompenhpost.com/index.php/2011092251792/Business/revenues-from-trade-inspection-climbing.html

Revenues for first seven months double to $1.6bn

The government has collected 6,557 billion riel, or about $1.6 billion, in revenues in the first seven months of 2011, a figure that is twice that of the $801 million in revenues that were collected during the same period last year, data released by the ...

Laos dam looms over fish quota

A new government plan has set a goal for an annual 1.2 million tonnes of fish by 2019, but officials and environmentalist have said the construction of Xayaburi dam in Laos could stymie Mekong fisheries. The plan would push fish exports to 500,000 tonnes of fish ...

http://www.phnompenhpost.com/index.php/2011120953255/Business/laos-dam-looms-over-fish-quota.html

Informal Pharmacies Continue To Operate Despite Crackdown

There are no reliable figures on the number of illegal pharmacies operating nationwide, but the government insists that the problem is a thing of the past. At the launch of an anti-drug campaign at the US Embassy in Phnom Penh on Monday, Chou Yin Sim, secretary ...

First Trial Involving Minister’s Wife Commences

The first trial in a long-running land dispute with the wife of Industry, Mines and Energy Minister Suy Sem will start today at the Kompong Chhnang Provincial Court, a human rights worker and court officer said yesterday. Court prosecutor Penh Vibol confirmed that the court would ...

Rural women vital to society: UN

Ahead of International Women’s Day, the United Nations’ Committee on the Elimination of Discrimination against Women (CEDAW) issued a statement highlighting the important roles rural women and girls play in society while stressing the need to protect and promote their rights. ...

Michael Light
http://www.khmertimeskh.com/news/22402/rural-women-vital-to-society--un/

Loan for silos in limbo

There seems to be no definite period of when a $300 million loan from the Chinese government, to build large silos to store rice for milling, will be disbursed to the Cambodian government. ...

Sum Manet
http://www.khmertimeskh.com/news/28139/loan-for-silos-in-limbo/

ADB to muscle up its lending with pledge of $1B

Cambodia could receive over $1 billion in developmental aid and grant funding from the Asian Development Bank (ADB) in the coming four years as the multilateral financial institution consolidates its lending arms and scales up operations across the region – a move that some analysts ...

Kali Kotoski
http://www.phnompenhpost.com/business/adb-muscle-its-lending-pledge-1b

Preah Sihanouk factories close

Two garment and textile factories in Preah Sihanouk province have signaled their insolvency, and called on creditors to file for compensation with their administrators before Monday. ...

Sok Chan
http://www.khmertimeskh.com/news/31366/preah-sihanouk-factories-close/

Experts call on gov’t to encourage garment workers to vote

With the commune elections just around the corner, the government has yet to come up with a plan to help garment workers get to the polls.Many have come forward with concerns that they may be unable to get time off work or be able to ...

Hean Socheata
http://www.voacambodia.com/a/experts-call-on-government-to-encourage-garment-workers-to-vote/3877544.html

Telecom tax in pipeline

Future growth of telecom networks in rural Cambodia will be funded by a three percent tax on gross revenue for the country’s telecom operators, due to begin within the first half of 2017.​ Im Vutha, spokesperson for the Telecom Regulator of Cambodia (TRC) told Khmer Times ...

May Kunmakara
http://www.khmertimeskh.com/news/31245/telecom-tax-in-pipeline/

Flash Floods, Heavy Rains Expected in 14 Provinces This Week

The government warned residents of 14 provinces yesterday to take precautions against possible flash floods caused by heavy rain, while the homes of almost 1,000 families have already been flooded in Banteay Meanchey province. The Ministry of Water Resources and Meteorology issued a statement yesterday calling ...

Farmers of crocodile say no to skin exports

Cambodian crocodile farmers prefer selling young live crocodiles directly rather than raising crocodiles and selling their skins for export as they believe there is no market, despite officials encouraging crocodile farming for skin exports. Heng Chheng, a crocodile farmer from Battambang, has raised crocodiles since 1984. ...

http://www.phnompenhpost.com/2013030761796/Business/farmers-of-crocodile-say-no-to-skin-exports.html

Speaking in tongues: Young Cambodians learning foreign languages to improve economic opportunities

In the globalised world, being able to communicate in more than one language is becoming essential for many people seeking rewarding careers. Young Cambodians have taken this message to heart and are learning Cambodia is slowly moving up the development ladder but low-wage factory labour still ...

http://www.bangkokpost.com/business/news/365365/speaking-in-tongues

Boats seized in dredging crackdown

More than 100 sand-pumping systems and 40 boats have been impounded by the Kandal provincial Department of Water Resources and Meteorology in order to prevent riverbank collapse as water levels continue to rise. Chun Penglong, the provincial department director, told the Post yesterday that navy police and the ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/boats-seized-dredging-crackdown

Rethinking investment laws

Cambodia’s 11-year-old investment law may be the most liberal in the region, according to the World Bank, but in practice, day-to-day business operations are far from simple, economists and business operators say. Mey Kalyan, senior adviser to the Supreme National Economic Council, said that despite a ...

Eddie Morton
http://www.phnompenhpost.com/business/rethinking-investment-laws

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