S&P downgrades Acleda, keeps outlook stable
Hours after downgrading Cambodia’s long-term sovereign credit rating, ratings agency Standard & Poor’s said it had also decided to lower the credit rating for Acleda Bank to B from B+, though it maintained its outlook for the bank as stable. The decision follows a similar decision ...
Tariffs on rice slashed to help fuel exports
As part of a continuing push to bolster rice exports, the government has agreed to waive all export tariffs on milled rice and will also eliminate value-added tax (VAT) on paddy rice purchased domestically. According to a promulgation signed last month by Finance Minister Keat Chhon, ...
Controversial dam: Thailand not objecting to Xayaburi
Thailand will not object to the proposed Xayaburi hydropower dam in Laos, but Vientiane must shoulder responsibility for potential environmental damage caused by the US$3.8 billion project, the Bangkok Post reported yesterday. “Laos has the right to construct the dam as it is located inside Lao ...
Hun Sen overturns recent large-scale fish export ban
Less than two weeks after the Tonle Sap Authority reportedly installed a ban on large-scale fish exports, Prime Minister Hun Sen declined to endorse the order and re-opened exports, officials said yesterday. Chan Youttha, secretary-general of the Tonle Sap Authority, said it had prepared a report ...
Factory for named brands slammed for faintings
Low wages and a lack of occupational health and safety measures led to a mass fainting on Tuesday at a Phnom Penh garment factory that produces clothes for well-known brands Wal-Mart, Target and Reebok, according to a statement released by the Community Legal Education Center ...
Villagers take sawmill to task
Kampong Thom province Villagers patrolling Prey Lang forest claimed yesterday that about 600 resin trees they found inside a sawmill in the Kampong Thom province had been cut down illegally – an allegation government officials quickly denied. After resistance from police and soldiers monitoring their actions this ...
Koh Kong power to go to Thais
Cambodian tycoon Ly Yong Phat has signed a US$3 billion joint-venture agreement with Thai energy firm Ratchaburi Electricity Generating Plc on what would be the Kingdom’s largest power station. Just under 90 per cent of the power, however, would be sold to Thailand. The 1,800 megawatt ...
http://www.phnompenhpost.com/index.php/2012032955308/Business/koh-kong-power-to-go-to-thais.html
China quick to act on trade promise
An across-the-board trade and investment deal signed with China’s Yunnan province on Friday was a jump-start to Chinese President Hu Jintao’s pledge a week earlier to double bilateral trade with the Kingdom to US$5 billion by 2017. The package signing, which brought a delegation of 45 ...
Vehicles used in Mondulkiri forest crimes are destroyed
National Military Police commander Sao Sokha on Wednesday ordered the destruction of more than 20 vehicles involved in forestry crimes in Mondulkiri province’s Koh Nhek district. Sokha, who also heads the National Committee for Prevention and Crackdown on Natural Resource Crimes, gave the order after ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/vehicles-used-mondulkiri-forest-crimes-are-destroyed
The macro challenges in Cambodia’s microfinance sector
In August, two local Cambodian organizations, Licadho and Sahmakum Teang Tnaut (STT) published Collateral Damage: Land Loss and Abuses in Cambodia’s Microfinance Sector, a report about the dangerous growth of the country’s microfinance sector. It spotlighted an issue that researchers have been warning about for years. A report ...
David Hutt
https://thediplomat.com/2019/10/the-macro-challenges-in-cambodias-microfinance-sector/
Japan to boost demining efforts
Japan today will provide more than $1 million in grant aid to two NGO’s for demining work, community healthcare projects and children support networks. The signing ceremony for the grant assistance totalling $1,052,298 will be held in the Japanese Embassy in Phnom Penh. An embassy statement ...
Mom Kunthear
https://www.khmertimeskh.com/50647698/japan-to-boost-demining-efforts/
‘Defamed’ Korean company denies Prey Lang illegal logging claims
The Prey Lang Community Network (PLCN) has alleged that Korean-owned Think Biotech (Cambodia) Co Ltd is illegally harvesting timber from resin trees in the Prey Lang Wildlife Sanctuary. But a company representative refuted the claim and accused the community of making up rumours to defame ...
Khouth Sophak Chakrya
https://www.phnompenhpost.com/national/defamed-korean-company-denies-prey-lang-illegal-logging-claims
What did Suu Kyi’s first Cambodia visit achieve?
Last week, Myanmar’s de facto leader and State Counselor Aung San Suu Kyi paid her first visit to Cambodia in her current capacity. The trip spotlighted the ongoing state of ties between the two fellow Southeast Asian states amid wider domestic and foreign policy developments. Cambodia ...
Prashanth Parameswaran
https://thediplomat.com/2019/05/what-did-suu-kyis-first-cambodia-visit-achieve/
Capital police consider installing CCTV cameras from China
Municipal police are considering implementing high-tech security cameras from China to help solve traffic accidents and crack down on crimes in the capital. Lieutenant General Sar Thet, chief of Phnom Penh police, said on Facebook that he led a delegation in China yesterday to observe ...
Pech Sotheary
https://www.khmertimeskh.com/50604360/capital-police-consider-installing-cctv-cameras-from-china/
Sar Kheng warns officials, security forces against complacency
Interior Minister Sar Kheng told provincial security forces in Kratie on Thursday to remain vigilant for any opposition activity in the run-up to July’s national elections, while also warning that a popular opposition movement would only come about from the government’s failure to cater to ...
Mech Dara
https://www.phnompenhpost.com/national/sar-kheng-warns-officials-security-forces-against-complacency
EdC draws angry complaints
Electricite du Cambodge (EdC) director-general Keo Rattanak said on Thursday that during the first seven months of this year, the company had received 237 complaints on Facebook regarding electricity meters. ...
Mech Dara
https://www.phnompenhpost.com/national/edc-draws-angry-complaints
Meeting held to discuss Lango amendments
During a meeting on the revision of the Law on Non-Governmental Organisations yesterday, the Interior Ministry said it will address concerns raised by civil society groups, but it remains unclear how many articles will be revised. ...
Sen David
https://www.khmertimeskh.com/50657108/meeting-held-to-discuss-lango-amendments/
Pig cull raises supply concerns
Following a mass cull of more than 1,000 pigs over the last two weeks, authorities yesterday played down any threat to the local pork supply, but financial concerns among farmers and market vendors are mounting.Some 1,200 pigs have been culled in Siem Reap, having recently ...
Sor Chandara
http://www.phnompenhpost.com/business/pig-cull-raises-supply-concerns
Cambodia initiates first-ever employment policy
The International Labor Organization says a new National Employment Policy will improve the country’s economy for the young generation.The policy, drafted with the help of Sweden, aims to increase “decent and productive” employment opportunities, enhance skills and human resources development, and strengthen labor market governance, ...
Sok Khemara
http://www.voacambodia.com/content/cambodia-initiates-first-ever-employment-policy/3020097.html
PM ends a land dispute with a gift
While meeting locals and officials in Preah Vihear province yesterday, Prime Minister Hun Sen decided to allocate more than 80 hectares of airport land in Preah Vihear town’s Palhal commune to 127 families. In a meeting with officials and armed forces that was announced on Mr. Hun Sen’s official ...
Pech Sotheary
http://www.khmertimeskh.com/news/28989/pm-ends-a-land-dispute-with-a-gift/