Sathapana Bank proceeds with logo change
Sathapana Bank has pre-emptively removed its signature golden lion logo from all 162 branches nationwide as the private bank aims to deflect government criticism and avoid confusion as being identified as a state-owned institution, a bank executive said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/sathapana-bank-proceeds-logo-change
Developing society and infrastructure
Two images on the back of the 500 riel banknote depict bridges, with the one on the left showing the Kingdom’s longest and most modern bridge, the Tsubasa (“Bird’s Wing”) Bridge linking Kandal and Prey Veng provinces. ...
Riel Gains
http://www.khmertimeskh.com/news/36412/developing-society--and-infrastructure/
Villagers occupy land in stand-off
Police yesterday confronted more than 200 villagers in Svay Rieng province as they tried to occupy land at the centre of a long-running dispute with a development company. The villagers are unhappy because the government granted NK Venture special permission to build a sugar plantation on ...
Sen David
http://www.khmertimeskh.com/news/38700/villagers-occupy-land-in-stand-off/
March inflation rate rises to 4.3 percent
Although growth in Cambodia’s consumer price index (CPI) went up by 4.3 percent year-on-year in March, according to latest figures from the National Institute of Statistics, an expert maintains that the increase in cost of living will have minimal effect on the lives of Cambodians. ...
May Kunmakara
http://www.khmertimeskh.com/news/39611/march-inflation-rate-rises-to-4-3-percent/
Tax Department reaches out to NGOs
At least three local NGOs have been called for questioning by the Ministry of Economy and Finance’s Taxation Department to clarify their tax payments, amid an aggressive tax collection campaign that has recently gone after media outlets the Cambodia Daily, Voice of America and Radio ...
Leonie Kijewski and Niem Chheng
http://www.phnompenhpost.com/national/tax-department-reaches-out-ngos
Battambang to get second international border crossing
Authorities will open a new international border checkpoint in Battambang’s Sampov Lun district, connecting with Thailand’s Sa Kaeo province, early next month. ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/battambang-get-second-international-border-crossing
Cambodia, China sign MoU on e-commerce
Cambodia and China signed a Memorandum of Understanding (MoU) on Friday to support the development of the Kingdom’s e-commerce business operations. ...
Post Staff
http://www.phnompenhpost.com/business/cambodia-china-sign-mou-e-commerce
GDT now allows you to pay the tax man online
The General Department of Taxation (GDT) announced yesterday that it has officially launched an e-payment platform that allows individual and corporate taxpayers to pay their obligations online and directly through bank accounts, a move that businesses in the Kingdom hope will trim waiting periods. ...
Hor Kimsay
http://www.phnompenhpost.com/business/gdt-now-allows-you-pay-tax-man-online
Focus shifts to oversight of health care providers
After a yearlong campaign to register health providers, the Ministry of Health and medical councils now say they must turn their focus to training and oversight of nurses and doctors in the field. ...
Danielle Keeton-Olsen
http://www.phnompenhpost.com/national/focus-shifts-oversight-health-care-providers
US democracy ‘not a good fit for Cambodia’, says academic
Pro-government academic and head of Cambodia’s Royal Academy Sok Touch yesterday continued to voice support for the government’s recent actions against the opposition while dismissing US pressure for Cambodia to maintain democratic principles, claiming the “American democracy” model was not palatable to the “culture and ...
Niem Chheng
http://www.phnompenhpost.com/national/us-democracy-not-good-fit-cambodia-says-academic
Local bank and MFI sector continue their meteoric rise
In 2017 the local financial sector continued the strong growth that has characterised the industry in recent times, with commercial banks and microfinance institutions (MFIs) seeing a robust expansion in loans and deposits throughout the year, according to the National Bank of Cambodia’s (NBC) annual ...
Sok Chan
http://www.khmertimeskh.com/50100172/local-bank-mfi-sector-continue-meteoric-rise/
Weak storm approaching
Cambodia will be affected by tropical storm Bolaven over the next five days, with rainfall expected around most of the country, especially in coastal and lowland areas. ...
Pech Sotheary
http://www.khmertimeskh.com/50100185/weak-storm-approaching/
Garment factory fires nearly 600
Gawon Apparel factory in Kandal province’s Takhmao town has fired nearly 600 staff for breaching a court warrant ordering them to go back to work after months of protest. ...
Mom Kunthear
http://www.khmertimeskh.com/50100574/garment-factory-fires-nearly-600/
Cambodia attracts over 333 mln USD investment from ASEAN in 2017
Cambodia attracted the fixed asset investment of 333.4 million U.S. dollars from its ASEAN member states in 2017, according to a government’s report on Friday. ...
Mu Xuequan
http://www.xinhuanet.com/english/2018-01/26/c_136927828.htm
Cambodia business costs under fire
Private-sector representatives in Cambodia are deeply concerned by the government’s inability to reduce the cost of doing business in the country, and they warn that the country would start to lose investors if the situation did not improve. At a logistics forum hosted by the European ...
The Phnom Penh Post and ភ្នំពេញប៉ុស្តិ៍
http://www.nationmultimedia.com/detail/asean-plus/30338850
The number of mobile connections drops slightly
The number of mobile connections in Cambodia has decreased slightly, from 19.91 million in 2016 to 18.57 million in 2017, a figure that is still higher than the country’s total population. ...
Chea Vannak
http://www.khmertimeskh.com/50109449/number-mobile-connections-drops-slightly/
Government sticks to plan on power price cuts ahead of election
Officials appeared to walk back a promise to issue larger-than-average electricity price reductions ahead Of July’s elections, instead following a previously announced plan to make small reductions in costs. Ty Norin, chairman Of the Electricity Authority Of Cambodia (EAC), released a statement earlier this month announcing ...
Hor Kimsay
http://www.phnompenhpost.com/business/government-sticks-plan-power-price-cuts-ahead-election
Ministry: Construction workers must upskill
Ministry of Labour and Vocational Training official Teang Sak on Wednesday urged the private sector to work with the government in improving the skills of workers to meet the needs of the fast-growing construction sector. ...
May Kunmakara
https://www.phnompenhpost.com/business/ministry-construction-workers-must-upskill
Contract farming paying off for growers, millers, say industry insiders
Contract farming between community producers and rice millers or buyers brings growers great benefits, with an expanded market and more favourable prices, industry insiders have said. Contract farming refers to an agreement between a company and an agricultural community regarding prices, quantities and standards of quality. ...
Hin Pisei
https://www.phnompenhpost.com/business/contract-farming-paying-growers-millers-say-industry-insiders
Indian trade promotion office opens in Cambodia
The office of the Indian Chamber of Commerce was officially launched here Sunday to promote economic, trade and investment ties between India and Cambodia. The office is to act on behalf of Indian business organisations and individuals for business facilitation, regulatory exchange as well as to ...