Central Bank to put focus on MFIs
“The Microfinance Sector in Cambodia: Opportunities and Risks” is an attempt to get a wider view and deeper insight from various researchers on fostering a robust, stable and sustainable microfinance sector, the National Bank of Cambodia (NBC) said in a statement yesterday.
May Kunmakara
http://www.khmertimeskh.com/news/24373/central-bank-to-put-focus-on-mfis/
Anti-corruption unit arrests lawyer; bar warns of graft
The Anti-Corruption Unit (ACU) has arrested a lawyer in Phnom Penh over undisclosed allegations of graft, with the bar association issuing a notice to members on Wednesday warning them against acting as a “go-between” for court officials and clients.
Khy Sovuthy
https://www.cambodiadaily.com/news/anti-corruption-unit-arrests-lawyer-bar-warns-of-graft-113372/
Fifth freedom to open Kingdom’s airspace
The National Assembly yesterday approved a draft law on the implementation of the fifth freedom of the air, a commercial aviation right that grants airlines the privilege of using Cambodian airports as a stop-over on scheduled flights between their home country and another country.
Hor Kimsay
http://www.phnompenhpost.com/business/fifth-freedom-open-kingdoms-airspace
Amid lack of interest, more wood auctions called off
The Finance Ministry has rescheduled a trio of timber auctions that had been set to start today after a continued lack of interest from buyers, although bidding for a lot in Stung Treng province will go ahead on Wednesday as planned.
Aun Pheap
https://www.cambodiadaily.com/news/amid-lack-of-interest-more-wood-auctions-called-off-115335/
Convicted rapist insists retrial will prove his innocence
A British man who has spent five years in prison for raping a 16-year-old girl requested Monday that the Appeal Court grant him a retrial and the chance to present evidence that has not come before the court, which he says will prove his innocence.
Matt Blomberg and Khy Sovuthy
https://www.cambodiadaily.com/news/convicted-rapist-insists-retrial-will-prove-his-innocence-94212/
Survey says garment workers earn $191 monthly
A new survey of what the country’s 700,000 garment workers earn and spend in a typical month has concluded that the median take-home pay of a garment factory employee is $191, higher than the minimum wage, but lower than what employers have claimed.
Zsombor Peter
https://www.cambodiadaily.com/news/survey-says-garment-workers-earn-191-monthly-94853/
Residents protest road planned near OCIC development site
About 50 Phnom Penh residents gathered On Sunday to rally against a planned road on Chroy Changva peninsula that will run alongside a massive $3 billion development project. The 12-meter-wide road will be located just 100 meters behind National Road 6A.
Ben Sokhean
https://www.cambodiadaily.com/news/residents-protest-road-planned-near-ocic-development-site-106262/
SEZs starting to see the light of solar energy
Despite a precipitous drop in the start-up costs of solar energy, Cambodia’s biggest industrial parks are sticking to high-cost grid and fuel-generated electricity, claiming that when it comes to attracting foreign manufacturers, a stable power supply trumps a cheaper electricity bill.
Kali Kotoski
http://www.phnompenhpost.com/business/sezs-starting-see-light-solar-energy
Kampong Chhnang disputants’ water woes ‘ignored’
Some 34 families in Kampong Chhnang’s Lorpeang village yesterday filed a new petition at the provincial hall urging authorities to intervene in a nine-year land dispute with KDC International, which villagers say has reached a bottleneck and is affecting their daily lives.
Pech Sotheary
http://www.phnompenhpost.com/national/kampong-chhnang-disputants-water-woes-ignored
Officials identify leader of capital’s sex trafficking ring
Military police have identified the suspected leader of what they believe to be a sex trafficking ring masquerading as a masseuse-training agency as a 40-year-old businesswoman with Cambodian and Thai citizenship who owns karaoke parlors in both countries.
IFC banking on smart graduates
The International Finance Corporation (IFC), a member of the World Bank Group, has provided a $13 million loan to support a higher education campus for the Acleda Institute of Business that will help raise education standards, enhance students’ employability and encourage sustainable economic growth.
Sum Manet
http://www.khmertimeskh.com/news/25667/ifc-banking-on-smart-graduates/
Police investigate logs left by rubber plantation road
Police in Ratanakkiri province say they are investigating the origin of a pile of first grade logs stashed along a road built by and leading out of a Vietnamese-owned rubber plantation that has long been the target of illegal logging accusations.
Aun Pheap
https://www.cambodiadaily.com/archives/police-investigate-logs-left-by-rubber-plantation-road-115066/
Brexit won’t affect ties, says UK ambassador
The British ambassador yesterday reaffirmed to the Cambodian government that the results of a recent referendum on leaving the EU, and a cabinet reshuffle by the ruling Conservative Party, would not have a negative impact on the country’s ties with Cambodia.
Ros Chanveasna
http://www.khmertimeskh.com/news/28856/brexit-won---t-affect-ties--says-uk-ambassador/
Ministry to investigate complaint from seamen
The Interior Ministry’s anti-human trafficking department will investigate a complaint made against a local maritime school Tuesday by seven Cambodian seamen who fled from a pair of cargo ships last month after enduring what they described as slave-like conditions, an official said.
Anthony Jensen and Ben Sokhean
https://www.cambodiadaily.com/news/ministry-to-investigate-complaint-from-seamen-93697/
NGO files suit over ‘seizures’ in Phnom Oral
A Kampong Speu-based NGO has accused a police officer and several rangers working for the provincial Environment Department of seizing more than 100 hectares of Phnom Oral Wildlife Sanctuary, demanding a court order to restore the land and hold the parties to account.
Phak Seangly
http://www.phnompenhpost.com/national/ngo-files-suit-over-seizures-phnom-oral
Watchdog calls out firm for marketing formula
An aggressive marketing campaign for a New Zealand brand of breast milk substitute – including giveaways to new parents in a hospital – has been condemned as “appalling” and “completely illegal” by a body that monitors Cambodia’s strict rules on the marketing of formula milk.
Jamie Elliott
http://www.phnompenhpost.com/national/watchdog-calls-out-firm-marketing-formula
Blazes seen across kingdom
Recent satellite images from NASA have captured a high number of fires blazing across Cambodia this season, illustrating what one forestry official called a chronic inability to deal with the Kingdom’s numerous illegally set fires, a problem exacerbated by especially dry El Niño conditions.
Alessandro Marazzi Sassoon
http://www.phnompenhpost.com/national/blazes-seen-across-kingdom
Prey Sar inmates in ‘meth cartel’
A man arrested over the weekend allegedly in possession of more than 3 kilograms of meth and more than 100,000 yama tablets has been linked to a drug-trafficking network operating out of Prey Sar prison, according to a police report made public yesterday.
Niem Chheng
http://www.phnompenhpost.com/national/prey-sar-inmates-meth-cartel
Armed soldiers storm forestry office to retake truck
A group of 10 armed soldiers stormed a Forestry Administration office in Oddar Meanchey province on Monday and attempted to seize a military truck that had been confiscated from them after they used it to transport illegal timber, leading to an hourslong standoff, officials said.
Saing Soenthrith
https://www.cambodiadaily.com/news/armed-soldiers-storm-forestry-office-to-retake-truck-110515/
GTI announces 2015 dividend payout
Garment manufacturer Gran d Twins International (GTI) will pay out a reduced cash dividend for 2015 as a result of net profits dropping by 70 per cent last year compared to 2014, the company said yesterday in a filing to the Cambodian Securities Exchange (CSX).
Post Staff
http://www.phnompenhpost.com/business/gti-announces-2015-dividend-payout
