The price of land development in Cambodia
Phnom Penh, a city once fabled for its stately colonial buildings and boulevards, and its serene riverside setting, is becoming a city of glaring contrasts. An economy left in ruins by the years of war and violent revolution in the 1970s and 80s grew at a ...
Anti-laundering law gets tougher penalties
The National Assembly yesterday passed a law to amend three articles in the anti-money laundering and terrorism financing law by a vote of 83 to six. Speaking at the start of session, Chea Chanto, governor of the National Bank of Cambodia, said the amendments would give ...
http://www.phnompenhpost.com/2013050965513/National/anti-laundering-law-gets-tougher-penalties.html
Southeast Asia's solid economic growth rides over global woes
Southeast Asia is showing stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports, while low debt levels give governments more room than their cash-strapped counterparts in the West to deliver stimulus. On Thursday, the Philippines became ...
http://uk.reuters.com/article/2012/06/01/uk-seasia-economy-idUKBRE85009U20120601
Techo Sen Institute, Chang’an University sign MoU on infrastructure development cooperation and training
Techo Sen Institute of Public Works and Transport and China’s Chang’an University have reached a memorandum of understanding on technical cooperation of road construction and infrastructure development. ...
Khmer Times Staff
https://www.khmertimeskh.com/501095916/techo-sen-institute-changan-university-sign-mou-on-infrastructure-development-cooperation-and-training/
US Seeks Infrastructure Deals in Cambodia
Looking to compete with Chinese influence in the region, the U.S. government is making plans to help American companies win large-scale infrastructure projects in Cambodia, U.S. officials said yesterday in Phnom Penh. The plans, which come as part of a strategic and economic embracing of Asia ...
http://www.cambodiadaily.com/business/us-seeks-infrastructure-deals-in-cambodia-7945/
Wary of China, Companies Head to Cambodia
Tiffany & Company is quietly building a diamond-polishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers are also rushing to set up operations in Phnom Penh to make wiring harnesses for cars and ...
Construction Sector Faces Chronic Labor Shortage
Cambodia’s construction sector is facing a massive labor shortage due to a recent boom in construction projects throughout the country and workers migrating en masse to Thailand in search of higher wages. In 2012, the construction sector expanded rapidly with the total value of approved projects ...
http://www.cambodiadaily.com/news/construction-sector-faces-chronic-labor-shortage-19742/
Sub-Decree aims to better regulate pharmacies
Prime Minister Hun Sen has signed a sub-decree to better regulate pharmacies, a business fraught with fake drugs and fake diplomas. The new sub-decree of the Pharmacists’ Code of Ethics contains 71 articles. They ban distribution of fake drugs and the use of titles not ...
Kuch Naren
http://www.cambodiadaily.com/news/sub-decree-aims-to-better-regulate-pharmacies-55138/
Hun Sen Asks China for Loan to Build New Road
Prime Minister Hun Sen said yesterday that he has requested a $140 million loan from China to build a 190 km road that would branch off National Road 5 and allow easier access to Thailand. The request comes just one month after Mr. Hun Sen returned ...
Gov’t approves plan to increase foreign borrowing over 3 years
The Council of Ministers on Friday approved a plan to increase the amount of borrowing from foreign countries by as much as 33 percent over the next three years, in a bid to counter a decrease in grants and concessional loans. ...
Kuch Naren and Colin Meyn
https://www.cambodiadaily.com/news/govt-approves-plan-to-increase-foreign-borrowing-over-3-years-92892/
Tougher disclosure rules for resources giants
US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...
Cambodia Delays US Military Aid
Cambodia postponed U.S.-backed military assistance programs immediately after the July 28 national election, officials of both countries confirmed Tuesday, in a move that analysts said reflects a strain in relations after years of strengthening military ties. The U.S. has in recent years expanded training and other ...
http://www.cambodiadaily.com/news/cambodia-delays-us-military-assistance-39509/
Shipments of mango to South Korea poised to begin this week
Exports of Cambodian mangoes to South Korea will begin this week after Korean authorities gave the nod. The Ministry of Agriculture, Forestry and Fisheries’ Department of Plant Protection, Sanitary and Phytosanitary Requirements director Ker Monthivuth told The Post on Sunday that after several inspections of ...
Hin Pisei
https://www.phnompenhpost.com/business/shipments-mango-south-korea-poised-begin-week
South Korea consider’s construction of Cambodia-Korea Friendship bridge
A request by the Royal Government of Cambodia for support from the Government of the Republic of Korea to build a Cambodia-Korea Friendship Bridge to symbolise the diplomatic relations between two nations is being taken into consideration by the Korean side. ...
Heng Panha/AKP
https://www.khmertimeskh.com/50741037/south-korea-considers-construction-of-cambodia-korea-friendship-bridge/
South Korea passes bill to ratify tax deal
The South Korean Assembly has passed a bill to ratify a double tax agreement (DTA) with Cambodia. Double Taxation Agreements (DTAs) are treaties between two or more countries to avoid international double taxation of income and property. ...
Jason Boken
https://www.khmertimeskh.com/50807137/south-korea-passes-bill-to-ratify-tax-deal/
Envoy enlisted in South Korea tourist push
South Korean ambassador to Cambodia Park Heung-kyeong has joined in the pursuit to encourage residents of the East Asian country who are fully vaccinated against the novel coronavirus to choose the Kingdom as their next holiday getaway, after tourism revival plans kick off in end-November. ...
Hin Pisei
https://www.phnompenhpost.com/business/envoy-enlisted-south-korea-tourist-push
South Korea plans Siem Reap ASEAN tree garden
South Korea plans to establish an ASEAN tree garden in Siem Reap province next year, as a symbol of enhanced relations, cooperation and connectivity between the East Asian country and the regional bloc. ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/south-korea-plans-siem-reap-asean-tree-garden
Fewer school hours to beat the heat
With temperatures reaching more than 40 degrees Celsius, the Ministry of Education, Youth and Sport announced on Thursday that it was amending school study hours to lessen the risk of illness for teachers and students, particularly those at kindergarten. ...
Ry Sochan
https://www.phnompenhpost.com/national/fewer-school-hours-beat-heat
Congressional Hearing in US Pushes Cut to Cambodian Aid
At a congressional hearing in Washington on Tuesday that scathingly rebuked Prime Minister Hun Sen and his ruling CPP, a U.S. lawmaker called for legislation to cut American aid to Cambodia following the national election on July 28. Representative Steve Chabot, who chaired the House Subcommittee ...
http://www.cambodiadaily.com/news/congressional-hearing-in-us-pushes-cut-to-cambodian-aid-34389/
Caution: Work Ahead
Émile Coué was a French psychologist who introduced a method of self-improvement based on optimistic autosuggestion. “Every day, in every way, I’m getting better and better,” was his mantra. He died in 1926 and probably never visited Cambodia, but his spirit has been hovering over ...