Biz guided to end corruption
Cambodia’s Anti-Corruption Unit (ACU) held its first consultation meeting with the private sector on Friday over a proposed new anti-corruption guidebook, encouraging firms to police themselves in the absence of any official regulation. According to Om Yentieng, head of the ACU, the new Guide on Anti ...
Chan Muyhong
http://www.phnompenhpost.com/business/biz-guided-end-corruption
Police chief accused in $678k corruption case
Hy Narin, the Meanchey district police chief arrested by the Anti-Corruption Unit (ACU) on Tuesday, was questioned on Thursday by the Phnom Penh Municipal Court over allegations that he stole more than $600,000 from the state and its citizens during his eight years as police ...
Khuon Narim
http://www.cambodiadaily.com/news/police-chief-accused-in-678k-corruption-case-68996/
No compensation for vendors at Old Market
The committee that runs Old Market in Phnom Penh told the owners of stalls that were gutted by a fire on Monday that they would receive no compensation and would have to rebuild their businesses themselves. Yun Chandara, director of the committee that oversees the ...
Sen David
http://phnompenhpost.com/national/no-compensation-vendors-old-market
Borey 999 investors anxious
The news that tycoon Thong Sarath is wanted for questioning over the murder businessman Ung Meng Cheu, has sent a wave of nervousness through investors who have money tied up with the fugitive property developer. A cabinet deputy chief at the Ministry of Defence, Sarath ...
Sum Manet and Hin Pisei
http://phnompenhpost.com/business/borey-999-investors-anxious
Indian delegation to visit Vietnam, Cambodia to discuss issues pertaining to pharma trade
A high level Indian delegation from the department of commerce and trade, government of India, is expected to visit Vietnam and Cambodia this month to discuss various issues pertaining to pharma trade and improve business ties with the two South East Asian countries. Rajeev Kher, secretary, ...
A Raju Hyderabad
http://www.pharmabiz.com/NewsDetails.aspx?aid=86004&sid=1
Poipet porters defend protest
Cross-border porters in Banteay Meanchey’s Poipet town over the weekend defended the decision last week to stage a demonstration over customs fees – a demonstration that turned violent and ultimately left four injured – saying that import tax and unofficial fees exacted by police are ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/poipet-porters-defend-protest
ACU guidelines short on details
Cambodia’s Anti-Corruption Unit launched a guidebook for businesses last week to create internal systems to prevent corrupt practices, but certain stakeholders say it doesn’t detail how to create these systems or even address systemic or bureaucratic corruption. The new guidebook, which the Anti-Corruption Unit (ACU) created ...
Chan Muyhong
http://www.phnompenhpost.com/business/acu-guidelines-short-details
Banks, MDIs urged to provide loans
The National Bank of Cambodia (NBC) has encouraged banks and money-deposit taking institution (MDIs) to continue disbursing loans and possibly suspend interest for businesses impacted by the Covid-19 outbreak, especially in the tourism industry. ...
May Kunmakara
https://www.phnompenhpost.com/business/banks-mdis-urged-provide-loans
Cambodia no longer one of the cheapest places to live: study
Cambodia’s reputation as one of the cheapest places in the world to live has been called under question, according to a survey conducted by CEOWORLD magazine, a leading business publication. ...
Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50700413/cambodia-no-longer-one-of-the-cheapest-places-to-live-study
Banks see growth in Q1
Loans and deposits at Cambodia’s 31 commercial banks grew 35 per cent and 25 per cent respectively during the first quarter of the year on what insiders called increased soundness in the Kingdom’s financial sector. Outstanding loans at the end of March hit US$4.6 billion, according ...
http://www.phnompenhpost.com/index.php/2012061256735/Business/banks-see-growth-in-q1.html
Etiqa Insurance to get foothold in nation
Cambodia’s Ministry of Economy and Finance has granted a business licence to Etiqa Insurance & Takaful, a leading insurance provider in Malaysia, paving the way for the firm to tap into the Kingdom’s nascent insurance market, the company announced. ...
Chhut Bunthoeu
https://www.khmertimeskh.com/50726930/etiqa-insurance-to-get-foothold-in-nation/
‘Abnormally’ high price of pork
The Pig Support in Cambodia Association claims that the price of imported live pigs is abnormally high. The association says there are now six companies granted a business licence to import the animals from foreign countries. Most come from Thailand. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50731794/abnormally-high-price-of-pork/
New tech centre given boost to help digital startups
The Cambodian government issued a sub-decree establishing the new Techo Startup Centre (TSC) as a public administrative institution aimed at providing opportunities for young people, students and researchers to create new businesses in accordance with the trends and momentum of advancing digital technology. ...
Sok Chan
https://www.khmertimeskh.com/50742408/new-tech-centre-given-boost-to-help-digital-startups/
PPAP works to soften virus hit
Listed state-owned port operator Phnom Penh Autonomous Port (PPAP) has doubled down on its commitment to enhance its business performance during the global health crisis by reducing expenses and postponing non-urgent investment, director-general Hei Bavy told its annual meeting on Friday. ...
May Kunmakara
https://www.phnompenhpost.com/business/ppap-works-soften-virus-hit
National Assembly passes gambling bill
The National Assembly (NA) opened the 5th Plenary Session of the 6th Legislature on Monday and approved a draft law concerning management of the gambling business. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/national-assembly-passes-gambling-bill
Aquaculture committee to boost sector development
The Ministry of Agriculture, Forestry and Fisheries has established the Aquaculture Promotion Cambodia Committee to facilitate the production and business activities of the Cambodian Aquaculturist Association (CAA), to increase production capacity for domestic supply and export. ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/aquaculture-committee-boost-sector-development
Buy Now, Pay Later model could supplant credit cards
According to technology business site Tech In Asia, the once-obscure Buy Now Pay Later (BNPL) trend is getting new legs, which could see the option spreading in an increasingly digital Asia-Pacific. ...
Tom Starkey
https://www.khmertimeskh.com/50810014/buy-now-pay-later-model-could-supplant-credit-cards/
Agriculture ministers discuss food security in Asia-Pacific
The Cambodian government, through the Ministry of Agriculture, Forestry and Fisheries, is committed to promoting agricultural diversification as part of its battle against Covid-19 in order to maintain a stable business environment and people’s livelihoods during the health crisis. ...
Thou Vireak
https://www.phnompenhpost.com/business/agriculture-ministers-discuss-food-security-asia-pacific
State markets allowed to fully reopen
All kinds of business in state markets are permitted to resume from the onset of June 15, according to a new decision issued by Phnom Penh municipal governor Khuong Sreng late on June 14. ...
Post Staff
https://www.phnompenhpost.com/national/state-markets-allowed-fully-reopen
Stiffer fines for violators of consumer protection law
More than 1,000 officers from the Directorate-General of Consumer Protection, Competition and Fraud Repression (CCF) with increased powers are set to enforce new measures and impose stiffer penalties for businesses that break the law from July 1. ...
Long Kimmarita |
https://www.phnompenhpost.com/national/stiffer-fines-violators-consumer-protection-law