More Cambodians struggling to repay MFI loans
Banking industry insiders expressed concern yesterday over a spike in the amount of delinquent debts reported by microfinance institutions (MFIs) across the Kingdom, which they attributed to farmers struggling to repay their loans after adverse weather conditions affected their crops. ...
Hor Kimsay
http://www.phnompenhpost.com/business/more-cambodians-struggling-repay-mfi-loans
Mobile services often first step to banking
The rapid growth in the number of Cambodians using mobile money services to transfer remittances is a positive step towards greater financial inclusion, and is serving as a gateway to financial services for the largely unbanked rural population, experts said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/mobile-services-often-first-step-banking
Car sales sputter on tax hike
Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April. ...
Hor Kimsay
http://www.phnompenhpost.com/business/car-sales-sputter-tax-hike
Asean forms sugar alliance
Cambodia, along with six other Asean member countries, reached an agreement to form an alliance of sugar-producing countries ‒ or so the called Asean Sugar Alliance (ASA) ‒ to promote and support the regional sugar industry and make it more competitive globally. ...
May Kunmakara
http://www.khmertimeskh.com/news/27411/asean-forms-sugar-alliance/
UN Rights review ‘Not business as usual’
With rebuke raining down on the ruling CPP for its judicial assault, arrests and intimidation of the political opposition and other critics, Cambodia’s annual assessment by the U.N. Human Rights Council will be held next week in Geneva. ...
Janelle Retka
https://www.cambodiadaily.com/news/un-rights-review-not-business-usual-117790/
Cambodia begins minimum wage talks after Myanmar Government approves salary for garment workers
Cambodia’s 700,000 garment and footwear workers currently earn a minimum wage of $128 a month. Last year, the lowest legal salary for Cambodian workers in the $5.7 billion industry was only $100 per month. ...
Airline shifts blame for ‘disabled’ fee
The Disability Action Council (DAC) said yesterday it would conduct an investigation of Bassaka Airlines and the Cambodian Airport Management Service Ltd (CAMS) to determine whether a $240 surcharge for a wheelchair-bound passenger qualifies as discrimination under the country’s disability law. ...
Jonathan Cox
http://www.khmertimeskh.com/news/16267/airline-shifts-blame-for----disabled----fee/
Extractive industries seek gold standard
A visiting Mongolian delegation comprised of government, industry and civil society active in the petroleum and mining sectors shared their experience in implementing the Extractive Industries Transparency Initiative (EITI) with their Cambodian counterparts at a workshop in Phnom Penh yesterday. ...
Sor Chandara
http://www.phnompenhpost.com/business/extractive-industries-seek-gold-standard
28 arrested after mob attack in Phnom Penh
Twenty-eight warehouse workers, including some known gang members, were arrested by military police in Phnom Penh’s Meanchey district on Wednesday night for their involvement in the severe beating of a garment worker, officials said on Thursday. ...
Saing Soenthrith
https://www.cambodiadaily.com/news/eccc-hears-more-about-vietnamese-treatment-102014/
Toxic dog meat kills 3 in Cambodia
At least three Cambodian villagers have died and 31 others have been hospitalised in eastern Kratie province after consuming the cooked flesh of a big dog that was toxic, a local police chief confirmed on Monday. ...
Xinhua News Staff
http://sbeta.iol.co.za/news/world/toxic-dog-meat-kills-3-in-cambodia-1956591
Rice exports miss the mark again
Five years after setting out an ambitious 1 million-tonne milled rice export target, the rice sector fell well short of the mark last year, exporting close to 550,000 tonnes, with industry experts cautiously optimistic over export increases in 2016. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-exports-miss-mark-again
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/
National election committee addressing ID challenges
The National Election Committee (NEC) is confronting challenges this week regarding new voter registration, paying particularly close attention to problems arising from the dissemination of new voter ID cards and allowing better access to monks who wish to obtain them. ...
Chea Takihiro
http://www.khmertimeskh.com/news/20311/national-election-committee-addressing-id-challenges/
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
More families take deals to vacate dam site
Another 73 families in Stung Treng province have accepted the government’s offer of new land in exchange for the farms they will lose to the Lower Sesan II hydropower dam currently under construction, the second group to take the deal. ...
Kang Sothear
https://www.cambodiadaily.com/news/more-families-take-deals-to-vacate-dam-site-109569/
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/