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Labour’s 10 per cent rule

The Ministry of Labour has issued a prakas urging employers to follow existing regulations in the Labour Law that limit foreign workers to 10 per cent of the total workforce at any one company. It has warned that failure to stay within this limit – or ...

Sen David and Kevin Ponniah
http://phnompenhpost.com/national/labour%E2%80%99s-10-cent-rule

Poor Education Could Cripple Business Growth

Low-quality education is jeopardizing business growth in Cambodia, and local graduates will not be employable in skilled jobs if the government does not quickly implement educational reforms, business executives warned Thursday at the Cambodian Market Intel 2013 seminar in Phnom Penh. During an hourlong panel discussion ...

Joshua Wilwohl
http://www.cambodiadaily.com/news/phnom-penh-listed-as-nsa-collection-point-48188/

Shooting suspect a governor no more

Triple-shooting suspect Chhouk Bandith has been sacked as Bavet town governor to prevent him from interfering in court proceedings, the Svay Rieng deputy provincial governor said yesterday. The high-profile suspect is accused of shooting three garment factory workers at a protest outside the Kaoway Sports Ltd ...

http://www.phnompenhpost.com/index.php/2012030954953/National-news/shooting-suspect-a-governor-no-more.html

Two more banks setting up shop

The National Bank of Cambodia has issued a commercial banking licence to a Taiwanese bank, while another banking licence is pending approval for a Chinese-Cambodian joint venture, central bank Director General and Spokeswoman Ngoun Sokha said yesterday. The central bank had licensed Taiwan’s Mega International ...

http://www.phnompenhpost.com/index.php/2011083051333/Business/two-more-banks-setting-up-shop.html

India pledges $50,000 to ECCC

The government of India announced yesterday that it will give $50,000 to the Extraordinary Chambers in the Court of Cambodia (ECCC), the tribunal tasked with the prosecution of the country’s former Khmer Rouge commanders. “On behalf of the ECCC we would like to express our gratitude ...

Safiya Charles
http://www.khmertimeskh.com/news/29660/india-pledges--50-000-to-eccc/

Garment union demands go unanswered

Despite repeated threats of strikes, a coalition of garment sector unions is still waiting on a response from the Ministry of Labour for the wide-ranging reforms it called for last month, with plans to seek help from overseas. ...

Charles Rollet
http://www.phnompenhpost.com/national/garment-union-demands-go-unanswered

Direct Jakarta flights mooted

Direct flights between Phnom Penh and Indonesia’s capital Jakarta may soon be a reality, if a current feasibility study by the country’s national airline, Garuda Indonesia, suggests it is viable. While a memorandum of understanding (MoU) between the two countries concerning direct flights has already been ...

May Kunmakara
http://www.khmertimeskh.com/news/28843/direct-jakarta-flights-mooted/

Stock market to boost SMEs

Small and Medium Enterprises (SMEs) may soon be listed on the Cambodian stock exchange, following the signing of a memorandum of understanding (MoU) between the Federation of Associations for Small and Medium Enterprises (FASMEC) and the Securities and Exchange Commission of Cambodia (SECC) on Thursday. ...

Sok Chan
http://www.khmertimeskh.com/news/30295/stock-market-to-boost-smes/

Energy forum promotes renewables through regulation

A team of energy regulators from the four Lower Mekong countries and the United States began a three-day forum yesterday in the capital to try to coordinate a clean energy strategy for the region. ...

James Reddick
http://www.khmertimeskh.com/news/17448/energy-forum-promotes-renewables-through-regulation/

Government denies rumours of national cryptocurrency

Government officials today shot down rumours that Cambodia would be issuing its own national cryptocurrency, despite international media coverage and a high-profile government official’s plan to attend an event organized by the company responsible for the claims. ...

Hor Kimsay and Robin Spiess
http://www.phnompenhpost.com/business/government-denies-rumours-national-cryptocurrency

Workers fired after trying to unionise

For Peng Phalla, a sewing machine repairman by trade, the beginning of the end was December 8 – the day he filed the paperwork to form a union. Phalla had spent the past two years helping a factory in Kampong Cham province churn out baby ...

Yon Sineat and Daphne Chen
http://www.phnompenhpost.com/national/workers-fired-after-trying-unionise

Former bar president back on top

Twelve years after being ousted as president of the Bar Association of the Kingdom of Cambodia (BAKC) amid a bitter dispute with the prime minister’s attorney, human rights lawyer Suon Visal has been voted back into the lawyer association’s top position. ...

Kim Sarom
http://www.phnompenhpost.com/national/former-bar-president-back-top

New local products campaign

The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) will launch its “Selling Cambodian Products” campaign throughout the country early next year to boost the sale of local products and reduce imports, the organization’s president said yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/30667/new-local-products-campaign/

Rice export MoU signed

Cambodia has signed a memorandum of understanding (MoU) yesterday to export 100,000 tonnes of rice per year to Indonesia. Senior Cambodian officials hope the MoU will be the impetus for attracting more investments from other ASEAN member states. The MoU was signed between Cambodia’s Minister of ...

http://www.phnompenhpost.com/index.php/2012082958338/Business/rice-export-mou-signed.html

Education Ministry, ADB to Probe Textbook Theft

The Education Ministry and the Asian Development Bank (ADB) said Monday that they had begun a joint investigation into the misappropriation of textbooks intended for secondary school students under an ADB-funded scheme. Two NGOs on Thursday released results of an investigation into 33 secondary schools, which ...

Matt Blomberg and Ben Sokhean
http://www.cambodiadaily.com/news/education-ministry-adb-to-probe-textbook-theft-49779/

Philippine Airlines plans to add routes to Cambodia

Philippine Airlines plans to launch flights between the Philippines and Cambodia, according to an aviation official. The move would break the monopoly of domestic competitor Cebu Pacific Air, which started flying the route in April last year. Aviation authorities in the Philippines sent a letter to ...

Anne Renzenbrink
http://www.phnompenhpost.com/business/philippine-airlines-plans-add-routes-cambodia

Cambodia's construction sector attracts 2.27 bln USD in 9 months

Cambodia’s construction sector has attracted a total investment of 2.27 billion U.S. dollars in the first nine months of 2013, up 24 percent compared with 1.83 billion U.S. dollars over the same period last year, a government report showed Thursday. The report said during the January-September ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/31/c_132848042.htm

Hun Sen urges new Finance Minister to eliminate money under the table

Prime Minister Hun Sen on Thursday urged the Ministry of Economy and Finance to eliminate the practice of bribery or greasing the palm to facilitate development projects funded by the Ministry itself or the National Treasury. New Finance Minister, Oun Porn Monirath, successor of Keat Chhon, ...

Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=NjQ2NTYwYTA4NTI#sthash.XqY6JrsS.dpuf

BIDV to open in Phnom Penh

A subsidiary of the Bank for Investment and Development of Viet Nam (BIDV) opened its seventh branch in Mean Chey District, Phnom Penh, on Sunday. The new branch is also expected to meet local demand and boost the development of trade and investment ties between ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YTY2YzNlODE3YTk

One Garment Strike Ends, Two Begin, Over Missing Pay

Garment workers at a Kandal province factory ended their most recent strike Thursday after management agreed to pay out part of their wages for the days they were absent during a previous strike, while workers at a Phnom Penh factory went back on strike because ...

Aun Pheap
http://www.cambodiadaily.com/news/one-garment-strike-ends-two-begin-over-missing-pay-50787/

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