Credit growth starts to cool off
New data released by Cambodia’s independent credit reporting agency indicate a significant slowdown in the rate of lending during the second quarter of the year, a sign that banking industry experts claim is due to a tightening of lending criteria and less demand from the ...
Kali Kotoski
http://www.phnompenhpost.com/business/credit-growth-starts-cool
Kem Sokha says there’s no racism in Cambodia
Two days after Prime Minister Hun Sen told the U.N.’s new special rapporteur on human rights in Cambodia to focus her efforts on tackling racial discrimination, deputy opposition leader Kem Sokha on Thursday used a Cham Muslim religious ceremony to argue that there is no ...
Alex Willemyns and Kuch Naren
https://www.cambodiadaily.com/news/kem-sokha-says-theres-no-racism-in-cambodia-95426/
Prime Minister Hun Sen told the world to promote women in political affairs
Prime Minister Hun Sen at the “Global Leader’ Meeting on Gender Equality and Women’s Empowerment held at New York, said that Cambodia has actively joined UN member states to implement policies, strategies and action plans aimed to promote gender equality and women’s empowerment. ...
The Cambodia Herald News Staff
http://thecambodiaherald.com/cambodia/prime-minister-hun-sen-told-the-world-to-promote-women-in-political-affairs-8993
Cambodia revenue drives profit surge at casino supplier
Entertainment Gaming Asia, a Nasdaq-listed company that supplies electronic gaming machines, posted a an 88 percent year-on-year rise in its third-quarter profit, citing higher sales in Cambodia as a major driver of its growth, according its filing to the Nasdaq on Monday in New York. ...
May Kunmakara
http://www.khmertimeskh.com/news/17676/cambodia-revenue-drives-profit-surge-at-casino-supplier/
ID cards coming unglued
Expired glue used in the production of Cambodia’s new generation of national identification cards is causing the top layer of some to peel off, though it’s unclear exactly how many of the 6.4 million issued since 2012 are affected, according to a Ministry of Interior ...
Shaun Turton and Taing Vida
http://www.phnompenhpost.com/national/id-cards-coming-unglued
Monkey-based malaria strain poses 'high risk' to humans: study
A new study has predicted that even if Cambodia manages to eradicate so-called “human” strains of malaria by 2025 – a key government goal – it will continue be at “high risk” of infections from a strain of the parasite more typically found in wild ...
Yesenia Amaro
http://www.phnompenhpost.com/national/monkey-based-malaria-strain-poses-high-risk-humans-study
Industry ministry aims to increase patent protection
Due to the lack of qualified personnel to evaluate new patents and enforce the existing law, the Industry Ministry is cooperating with the European Patent Office to enhance their capacity so that Cambodia can better ensure protection of patents to draw more investment, Industry Minister ...
Sok Chan
http://www.khmertimeskh.com/news/19745/industry-ministry-aims-to-increase-patent-protection/
Environmental code aims to safeguard natural resources
A new plan to protect the environment started taking shape yesterday when the Environment Ministry held a workshop to discuss ideas on how to convert numerous laws into a single code to govern the county’s natural resources. It is expected the process will take two years ...
Ros Chanveasna
http://www.khmertimeskh.com/news/23704/environmental-code-aims-to-safeguard-natural-resources/
Nearly 90% of garment factory jobs at risk of automation: ILO
Local industry experts responded yesterday to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer to ...
Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/nearly-90-garment-factory-jobs-risk-automation-ilo
Railway families still smarting after 2 years
Efforts by the Asian Development Bank (ADB) to restore the living standards of families evicted by its railway rehabilitation project continue to fall far short of expectations, and urgent action is needed if the bank is to comply with its own safeguard policies, according to ...
Zsombor Peter
https://www.cambodiadaily.com/news/railway-families-still-smarting-2-years-116519/
Rice taskforce created, again
The Ministry of Commerce set up a new taskforce on Friday to address challenges faced by the Kingdom’s struggling rice industry and assess demands made by members of the Cambodia Rice Federation (CRF), who have decried the ineffectiveness of an earlier taskforce set up by ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-taskforce-created-again
Siem Reap feels pinch of tourism downturn
Foreign tourist arrivals in Siem Reap fell 11.2 per cent during the first nine months of the year compared to the same period one year earlier, as the Kingdom’s top tourist gateway sees its most significant slowdown in visitor arrivals in decades, new government data ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/siem-reap-feels-pinch-tourism-downturn
Unions meet with lawmakers, raise concerns on draft law
Union leaders raised their concerns with a draft law aiming to regulate their activities—including a provision that they must report their finances every year—during their first meeting with CPP lawmakers on a new bipartisan committee formed to review the controversial bill before it goes to ...
Sek Odom and Zsombor Peter
https://www.cambodiadaily.com/news/unions-meet-with-lawmakers-raise-concerns-on-draft-law-104126/
Draft law to join china-led development bank passes national assembly
The draft law to join the China-led Asian Infrastructure Investment Bank passed the National Assembly yesterday with lawmakers from both the ruling and opposition party supporting it, saying it will open the door to a new source of funding for the development of the Kingdom’s ...
US congressman urges CPP to drop party-busting bill
A U.S. congressman on Wednesday called on the CPP to abandon an imminent vote on legislation that would give the Cambodian government sweeping new powers to abolish its political rivals, the same day the U.S. ambassador met with CNRP acting President Kem Sokha to discuss ...
Ben Sokhean and Zsombor Peter
https://www.cambodiadaily.com/news/us-congressman-urges-cpp-to-drop-party-busting-bill-125317/
Online trademarks go live
The Ministry of Commerce is urging local and foreign businesses to register their trademarks in Cambodia via a new online system.Commerce Minister Pan Sorasak said the system will serve both the public and private sector and make it easier for organisations to protect their intellectual ...
Sok Chan
http://www.khmertimeskh.com/news/38781/online-trademarks-go-live/
Western policies may slow growth
Long-term growth prospects for developing economies, including Cambodia, will continue to be undermined by a lack of investment as well as the risk of increased protectionist policies by the United States, which could hamper the growth of commodity-driven economies, according to a new report released ...
Kali Kotoski
http://www.phnompenhpost.com/business/western-policies-may-slow-growth
Aeon anniversary highlights shifting market for local malls
AEON Mall, the first large-scale modern shopping mall in Cambodia, recently celebrated its third year of operation in the Kingdom, but with several new high-end malls slated to open over the next few years, analysts expect more competition and sweeping changes in the country’s retail ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/aeon-anniversary-highlights-shifting-market-local-malls
Exports to US bounce back on revised GSP
Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-us-bounce-back-revised-gsp
Logistics master plan brings high hopes
The new master plan to guide logistics infrastructure development in the kingdom will be ready by the end of March next year and will be pivotal in slashing costs and ramping up efficiency in transportation, a senior official from the Ministry of Public Works and ...
Sok Chan
http://www.khmertimeskh.com/5096121/logistics-master-plan-brings-high-hopes/