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Samrin blocks letter about Vietnamese army ELCs

National Assembly President Heng Samrin has refused to forward to Prime Minister Hun Sen a letter from an opposition lawmaker asking that a group of rubber plantations owned by Vietnamese Ar­my commanders be canceled because they violate the Constitution. ...

Aun Pheap
https://www.cambodiadaily.com/news/samrin-blocks-letter-about-vietnamese-army-elcs-107250/

Cambodian FM to attend ASEAN retreat in Laos this week

Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong will attend the ASEAN Foreign Ministers’ Retreat to be held on Feb. 26 and Feb. 27 in Vientiane, Laos, according to a statement from the Ministry of Foreign Affairs on Tuesday. ...

Xinhua
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=320967

Credit hunger still voracious

In its 10th year, Cambodia’s growing microfinance sector has seen stellar credit and deposit growth. But concerns remain over this speed of credit growth in the sector, as well as the rise in unlicensed lenders operating in rural areas. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/credit-hunger-still-voracious

ASEAN FTA with Hong Kong, China on track

Trade between Cambodia and Hong Kong is rising fast, expanding from about $1 billion in 2014 to $1.3 billion last year year, Veng Sothy, an Undersecretary of State at the Commerce Ministry, told a meeting in Siem Reap Friday. ...

Sok Chan
http://www.khmertimeskh.com/news/22681/asean-fta-with-hong-kong--china-on-track/

New regulations for life insurance

New regulations are to be bought in for the life insurance sector, which has grown from $60 million in 2014 to $80 million last year, according to a senior official from the Ministry of Economy and Finance.   ...

Sok Chan
http://www.khmertimeskh.com/news/22970/new-regulations-for-life-insurance/

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/

Dangerous trees to be removed from Angkor

The Apsara Authority announced yesterday that it is considering the selective removal of some trees inside the 401-square-kilometer Angkor Park, saying that only those that pose potential risk to the park’s visitors and temples would be cut down. ...

Pav Suy
http://www.khmertimeskh.com/news/24254/dangerous-trees-to-be-removed-from-angkor/

Ethnic community rejects mineral exploration

Exploration company Angkor Gold Corp is working with NGOs to educate residents of Pate commune’s Plang village in Ratanakiri’s Ou Ya Dav district after villagers refused to give the company permission to explore for gold on their land. ...

Ven Rathavong
http://www.khmertimeskh.com/news/25519/ethnic-community-rejects-mineral-exploration/

PPWSA profits plunge 65%

The Cambodia Securities Exchange (CSX) ─ listed Phnom Penh Water Supply Authority (PPWSA) saw its profits plunge by more than 65 percent in the first quarter of this year with total revenue declining by more than 20 percent in the same period. ...

May Kunmakara
http://www.khmertimeskh.com/news/26616/ppwsa-profits-plunge-65-/

Travel goods exports could soar as US drops tariffs

New trade privileges that allow Cambodian-manufactured travel goods duty-free access to the United States for the first time could see exports of these items increase by over 400 per cent in the coming years, industry experts said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/travel-goods-exports-could-soar-us-drops-tariffs

Local car hire app gets a jump on Uber

With ride-hailing giants Uber and Grab yet to enter the Cambodian market, a pair of local entrepreneurs have seized the initiative and developed the first private-hire car service and smartphone application for Phnom Penh’s frenetic city streets. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/local-car-hire-app-gets-jump-uber

Rubber producers want export taxes scrapped

A group of private sector rubber producers have petitioned the government to drop export taxes on rubber products, arguing that by scrapping the tax the sector would attract foreign investment into processing factories. ក្រុមអ្នកផលិតកៅស៊ូចង់នាំឱ្យពន្ធនាំចេញត្រូវលុបចោលក្រុមអ្នកផលិតកៅស៊ូឯកជនមួយបានដាក់ញ្ញត្តិទៅរដ្ឋាភិបាលដើម្បីទម្លាក់ចោលពន្ធនាំចេញផលិតផលកៅស៊ូ ដែលលើកឡើងថា ការមិនយកពន្ធនាំចេញនៃវិស័យនេះអាចនឹងទាក់ទាញវិនិយោគិនបរទេសមកដំឡើងរោងចក្រកែច្នៃ។ ...

Post Staff
http://www.phnompenhpost.com/business/rubber-producers-want-export-taxes-scrapped

Telecom firm takes action over embezzlement

Telecom Cambodia has suspended a manager accused of stealing $230,000 and is preparing a legal complaint against him and a former senior employee in the firm’s finance office who supposedly received the missing money, a company official said. ...

Sek Odom
https://www.cambodiadaily.com/news/telecom-firm-takes-action-over-embezzlement-93684/

Activist gets 2 more years in prison over protest

Jailed opposition activist Ouk Pich Samnang called on the international community to condemn Cambodia’s court system on Thursday after he was handed a further two years in prison for intentional violence and obstructing authorities, despite a dearth of evidence against him. ...

Ouch Sony
https://www.cambodiadaily.com/news/activist-gets-2-more-years-in-prison-over-protest-93939/

Compromise remains elusive in minimum wage negotiations

Factory and union representatives remain as far apart as ever over where to set next year’s minimum wage for garment workers, now at $128 per month, after hours of heated negotiations Wednesday and a vote that seemed to settle nothing. ...

Mech Dara
https://www.cambodiadaily.com/news/compromise-remains-elusive-in-minimum-wage-negotiations-96839/

With wage talks over, GMAC calls for focus on productivity

The Garment Manufacturers Association in Cambodia (GMAC) is looking for a renewed focus on productivity following the conclusion of this month’s minimum wage negotiations, while supporting calls for clothing buyers to implement more sustainable purchasing practices. ...

Garment Manufacturers Association in Cambodia

Download: pdf

Road safety efforts ‘insufficient’

A new study warns that a UN initiative to cut global road deaths in half by 2020 is on course to fail amid “clearly insufficient” efforts, with middle- and lower-income countries such as Cambodia at the forefront of the battle. ...

Charles Parkinson
http://www.phnompenhpost.com/national/road-safety-efforts-insufficient

Climate change poses threat to fish, health: report

If global temperatures continue to rise, Cambodia’s dependence on fishing and its under-developed healthcare and sanitation sectors will make it particularly exposed to the adverse effects of climate change, according to a World Bank report published on Sunday. ...

Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/climate-change-poses-threat-fish-health-report

Arrest ordered for Rainsy Facebook manager

An arrest warrant was issued on Tuesday for an assistant of opposition leader Sam Rainsy who helps run his popular Facebook page and is allegedly responsible for producing the video in which now-jailed Senator Hong Sok Hour presents a forged treaty. ...

Mech Dara
https://www.cambodiadaily.com/news/arrest-ordered-for-rainsy-facebook-manager-101683/

Schools to learn disaster risk reduction

The Education Ministry will include an internationally agreed disaster risk reduction component in school curriculums from next year as part of a growing global move to teach students and communities how to deal with events such as flooding and major storms. ...

Chea Takihiro
http://www.khmertimeskh.com/news/18489/schools-to-learn-disaster-risk-reduction/

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