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No sign of slowing sales of borey projects despite Coronavirus

Sale prices of Phnom Penh landed property (borey) units showed no sign of slowing down in the past six months. Driven by strong local demand, the average quoted prices accelerated across all unit types, according to the first quarter report from CBRE, a commercial real ...

Sok Chan
https://www.khmertimeskh.com/50710679/no-sign-of-slowing-sales-of-borey-projects-despite-coronavirus/

Pandemic means that Digital 2020 postponed

The escalating health crisis that Cambodia is experiencing because of the Coronavirus outbreak has led to the postponement of several major business-related events supposed to be held this month in the Kingdom, including Digital Cambodia 2020. ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50705451/pandemic-means-that-digital-2000-postponed/

New tax rates announced for businesses and employees

The Ministry of Economy and Finance has revised the tax rates for all business owners and employees in Cambodia. Employers were instructed to deduct employee taxes according to the new rates from February onwards. Taxpayers have to submit the tax declaration by the 20th of ...

Voun Dara
https://www.phnompenhpost.com/national/new-tax-rates-announced-businesses-and-employees

Announcement to the Cambodia Rice Federation about the permission to re-export white rice

On May 13 2020, the Ministry of Economy and Finance has issued a notification to the Cambodian Rice Federation, in which the Royal Government is authorized to grant the re-export of white rice upon overseas buying contract and the notification comes into effect from 20 ...

Ministry of Economy and Finance

Download: pdf

Trade with Japan sees increase of nearly 5%

Trade volume between Cambodia and Japan reached over $586 million in the first quarter of this year, up 4.90 per cent year-on-year, despite the Covid-19-fuelled demand and supply shocks reverberating across the global economy, a report from the Japan External Trade Organisation (Jetro) shows. ...

Thou Vireak
https://www.phnompenhpost.com/business/trade-japan-sees-increase-nearly-5

ACU takes aim at bribes

The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...

http://www.phnompenhpost.com/index.php/2012050956060/National-news/acu-takes-aim-at-bribes.html

Hun Sen aims to attract more Japanese money

Japan’s Sumi Wiring Systems Co Ltd launched production of automobile wiring this month, a company official said yesterday. Japanese companies such as Sumi and Minebea, a ball-bearings maker, have helped Cambodia’s manufacturing industry diversify away from garments, the country’s main manufacturing product and export, and Prime Minister Hun Sen ...

http://www.phnompenhpost.com/index.php/2012042455725/Business/hun-sen-aims-to-attract-more-japanese-money.html

Cambodia’s lifting of entry ban will have minimal impact on tourism or economy

Cambodia lifted a ban on entry of visitors from Iran, Italy, Germany, Spain, France and the United States that had been put in place to curb the spread of coronavirus, the health ministry a week ago and the immediate result of this is the detection ...

Khmer Times Staff
https://www.khmertimeskh.com/50727375/cambodias-lifting-of-entry-ban-will-have-minimal-impact-on-tourism-or-economy/

CCHR press statement on the occasion of World Press Freedom Day

On 3 May 2020, the Cambodian Center for Human Rights (CCHR) released a short video showcasing the opinions of five journalists and media workers on the situation of press freedom and the importance of an independent media in Cambodia to celebrate World Press Freedom Day ...

Cambodian Center for Human Rights

Download: pdf

Two Japanese firms eye agricultural opportunities

NIPPON Express and Xamato Green expressed their interest after seeing a potential investment in Cambodia’s agriculture sector. The plan was disclosed during a meeting last week led by Yamato Green company’s Chairman Nabeshima Katsuhito and Ngin Chhay, the director-general of the General Directorate of Agriculture ...

Chhut Bunthoeun
https://www.khmertimeskh.com/50726611/two-japanese-firms-eye-agricultural-opportunities/

Cambodia's small firms to gain better access to bank financing

The Asian Development Bank (ADB) today signed a $75 million senior loan with Cambodia’s largest bank, ACLEDA Bank Plc, to address the rising financing requirements of micro-, small-, and medium-sized enterprises (MSMEs) in the country. ...

Asian Development Bank (ADB)

Download: pdf

Ousted court director gave seized SUV to policeman son

The former director of the Phnom Penh Municipal Court, who was ousted last week amid allegations of serious corruption, gave a luxury SUV to his son—a local police official—after it was confiscated from a suspected drug trafficker, the National Police said in a statement Sunday. ...

Hay Pisey
https://www.cambodiadaily.com/news/ousted-court-director-gave-seized-suv-to-policeman-son-78486/

Ukrainian politician off wanted list

A Ukrainian member of parliament sought by Cambodian authorities over allegations of child-rape was removed from Interpol’s most-wanted list on Tuesday night because, according to Cambodia’s Interpol office, “the case involves politics in Ukraine and Russia.” ...

Matt Blomberg and Aun Pheap
https://www.cambodiadaily.com/news/ukrainian-politician-struck-from-wanted-list-80730/

Record dogs new ACRA chief

The owner of a labor firm repeatedly accused of human trafficking, who is also the sister of one of the country’s top police officials, has been appointed head of the Association of Cambodian Recruitment Agencies (ACRA). Grave concerns have been expressed by rights groups over the appointment of Ung Seang ...

http://www.phnompenhpost.com/index.php/2012102459382/National-news/record-dogs-new-acra-chief.html

USAID provides additional grant to stimulate conservation action

The United States Agency for International Development yesterday announced the provision of an additional grant worth $100,000 to Sansom Mlup Prey Organisation, through the Greening Prey Lang Project. The grant seeks to stimulate conservation efforts which include the promotion of wildlife-friendly farming in communities living ...

Pech Sotheary
https://www.khmertimeskh.com/50732091/usaid-provides-additional-grant-to-stimulate-conservation-action/

Cambodia’s hotels and international flights to reopen shortly

Hotels and international flights forced to close due to the COVID-19 pandemic in Cambodia are expected to reopen this month Clais Chenda, President of Cambodia Hotel Association, said that some hotel owners confirm they will resume operations shortly and international flights are expected to commence ...

Khmer Times Staff
https://www.khmertimeskh.com/50731349/cambodias-hotels-to-reopen-shortly/

Public announcement on the denial of HRW's report for labour abuse

The Ministry of Labour and Vocational Training denied the report that was published on 12 March 2015 by Human Rights Watch (HRW), and considered it as professionally baseless. The ministry asserted that international communities, retailers and International Labour Organization (ILO) agreed Cambodia’s better labor standards were ...

Ministry of Labour and Vocational Training

Download: pdf

UN officials blocked from visiting villages near dam

Since Sunday, Military Police and provincial police officials have been stopping outsiders from entering Sesan district’s Srekor and Kbal Romea villages as 200 people – mostly ethnic minorities from all over Cambodia – continued to gather in defiance of the blockade for a series of events, including ...

Phak Seangly and Martin de Bourmont
http://www.phnompenhpost.com/national/un-officials-blocked-visiting-villages-near-dam

Future bourse potential touted

The lacklustre performance of Cambodia’s stock exchange, which has attracted only four companies since it launched in 2011 and whose stocks see days without a single trade, is expected to turn a corner soon, capital markets experts said during a panel discussion yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/future-bourse-potential-touted

Multiple suspects arrested over grenade attack, but police offer few details

Police have arrested at least five suspects over the past two days in connection to agrenade attack that rattled a Phnom Penh neighbourhood two weeks ago, injuring four people, but officials yesterday remained tight-lipped as to the suspects’ identities and motives. ...

Mech Dara and Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/multiple-suspects-arrested-over-grenade-attack-police-offer-few-details

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