Ministry swapped in deal with timber magnate
In yet another land swap deal that will see lucrative state-owned land handed to a private business in exchange for a new building on cheaper land, the Try Pheap Group has built a new headquarters for the Women’s Affairs Ministry in Stung Meanchey commune. In return, ...
Aun Pheap and Alex Consiglio
http://www.cambodiadaily.com/news/ministry-swapped-in-deal-with-timber-magnate-59216/
Shukaku pushes forward at Boeung Kak
Local developer Shukaku will step up construction of its controversial Boeung Kak lake development project this month, beginning work on a drainage system and corporate office, a spokeswoman told the Post yesterday. An updated master plan of Shukaku’s Phnom Penh City Centre project – an ...
Shane Worrell and Mom Kunthear
http://phnompenhpost.com/national/shukaku-pushes-forward-boeung-kak
LNG imported from China to Cambodia
Local business Cambodian Natural Gas Co Ltd and Chinese firm CNOOC Gas Power Group Co Ltd teamed up in importing liquefied natural gas (LNG) to distribute within Cambodia’s market. The company’s officers said the cooperation is to import the LNG to supply demand in the ...
Chea Vannak
https://www.khmertimeskh.com/50680059/lng-imported-from-china-to-cambodia
Car industry slumps by 30% as purchasing power wanes
The Kingdom’s vehicles business has seen a drop in both sales and imports by an estimated 30 percent because of the impact of COVID-19. Figures from the Ministry of Economy and Finance (MEF) shows that the COVID-19 crisis has caused the country’s imports to fall ...
Sorn Sarath
https://www.khmertimeskh.com/50770579/car-industry-slumps-by-30-as-purchasing-power-wanes/
Cambodia’s plan to establish internet gateway raises concerns
The Cambodian government has proposed the establishment of a national internet gateway to control and monitor online traffic, drawing concerns among rights groups and businesses. The proposal was detailed in a July sub-decree titled the “Establishment of the National Internet Gateway (NIG)”. The sub-decree, obtained by ...
Phorn Bopha
https://www.voacambodia.com/a/cambodia-s-plan-to-establish-internet-gateway-raises-concerns/5570653.html
German investors satisfied with investment environment in Cambodia
German investors are satisfied with Cambodia’s investment environment which to them is very open and favourable. The satisfaction was underlined by a German business delegation led by Frank-Walter Steinmeier, President of the Federal Republic of Germany during a meeting here at the Peace Palace on ...
Khmer Times Staff
https://www.khmertimeskh.com/501239869/german-investors-satisfied-with-investment-environment-in-cambodia/
SME Bank to allocate $50 million in funds for Siem Reap tourism boost
The allocation of funds through the Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) is expected to be a vital and timely force in supporting and reviving businesses in Siem Reap province. The move comes in response to the continued arrival of foreign ...
May Kunmakara
https://www.phnompenhpost.com/national/sme-bank-to-allocate-50-million-in-funds-for-siem-reap-tourism-boost
Banks need robust cybersecurity for data privacy
In the age of digitalisation, banks play a crucial role in safeguarding the money and information of both people and businesses. However, as Cambodia embraces this digital revolution, the Kingdom also makes itself vulnerable to the constant danger of cyberattacks and breaches, putting financial data ...
Jigmee Palden Pazo
https://www.khmertimeskh.com/501444679/banks-need-robust-cybersecurity-for-data-privacy/
Herbalife Promises Cambodians Health, Wealth
The offices of Herbalife, a so-called multilevel marketing company that has moved into the protein powder market in Cambodia, stand like a beacon of promise in Phnom Penh’s Prampi Makara district: Six stories of glass and white paneling, crisp lime-green signage and a four-story-high banner ...
Matt Blomberg
http://www.cambodiadaily.com/news/herbalife-promises-cambodians-health-wealth-48828/
Factory Orders Staff Back to Work Amid Safety Concerns
Employees at a Taiwanese-owned shoe factory in Kompong Speu province where two workers were killed when one of the building’s floors collapsed on Thursday have been ordered back to work today, despite ongoing concerns from labor activists about the building’s safety. While conceding that some parts ...
http://www.cambodiadaily.com/news/factory-orders-staff-back-to-work-amid-safety-concerns-25192/
Government Blames Child Flood Deaths on ‘Careless’ Mothers
The first vice president of the National Committee for Disaster Management (NCDM) on Monday blamed some of the deaths in this year’s floods on “careless” mothers. “Maybe the mothers are careless, maybe they don’t pay much attention to their children, so they drown,” NCDM First Vice ...
Zsombor Peter and Khuon Narim
http://www.cambodiadaily.com/news/government-blames-child-flood-deaths-on-careless-mothers-45666/
Ratanakkiri Temple Now in Land Concession
Like most millennium-old structures discovered in the forests of Cambodia, the locals had known all along about this one. Jarai minority villagers in this remote spot in Ratanakkiri province’s O’Yadaw district not only knew about it, but they revered the red-brick temple, using it as a ...
Kuch Naren and Michelle Vachon
http://www.cambodiadaily.com/news/ratanakkiri-temple-now-in-land-concession-47779/
Police Train at Freedom Park as Protesters Target Hun Sen’s House
As hundreds of riot police conducted protest suppression drills in Phnom Penh’s Freedom Park on Monday morning, Prime Minister Hun Sen’s mansion in the center of the city was the focal point of a demonstration by some 2,000 garment factory workers. Municipal police, along with 16 ...
Aun Pheap and Khy Sovuthy
http://www.cambodiadaily.com/news/police-train-at-freedom-park-as-protesters-target-hun-sens-house-2-45638/
MAI to fly to Phnom Penh from October
National carrier Myanmar Airways International plans to launch flights to the Cambodian capital Phnom Penh by October, an airline spokesperson said. Flights will operate on Wednesdays and Saturdays, via Siem Reap, using a new Airbus A-321 that can accommodate 220 passengers. “We will add one Airbus A-321 ...
Cambodia hosts 3rd World Eco-Tourism Forum
Cambodia hosted the 3rd World Ecotourism Conference on October 3rd at the famous costal province—Preah Sihanouk—in an aim at developing the Asia Pacific region as a leading ecotourism destination. To celebrate the acceptance of the Cambodia costal zone (Preah Sihanouk Ville, Koh Kong, Kep and Kampot) ...
Credit Bureau Begins Operations in Cambodia
The long-awaited Cambodian Credit Bureau (CBC) launched yesterday, a move that is expected to increase the amount of information banks retain on the history of borrowers in the banking system. Despite loan disbursals in the banking sector growing by 25 percent last year, banks have so ...
Korea assists Cambodia on occupational safety
Cambodia and Korea have joined hands to study the legislation of occupational health and safety regulations for employees at factories and business enterprises. The project was initiated on Thursday at the Ministry of Labour and Vocational Training when Minister Ith Sam Heng met with Choi Heaeun, ...
Long Kimmarita
https://www.phnompenhpost.com/national/korea-assists-cambodia-occupational-safety
Energy mix
At the turnoff of Sihanoukville outside Phnom Penhmetal shop owner Kuch Sareun watches the sparks fly as his emplyees join pieces of steel. This year, he installed a diesel-run generator at his business since the frequent electricity outages were hurting his bottom line. Electricity is ...
Index Shows Little Progress in Gender Equity
Cambodia has made almost no progress over the past six years when it comes to gender equality, and is still the lowest-ranked country in the region, according to the World Economic Forum’s 2012 Gender Gap Index. Ranked 103 out of 135 countries surveyed, Cambodia placed last ...
http://www.cambodiadaily.com/news/index-shows-little-progress-in-gender-equality-4777/
In Phnom Penh, the Vespa Comes Back 'Officially'
“Vespa was in Cambodia before the war [and] Piaggio wanted to come back to the market in Cambodia, because the market is growing,” explained Frederic Bachelet, head of business development at Narita Vespa Co. Ltd. The company plans to break ground next week on ...