Jail terms for four in Mondolkiri mining fraud
The Phnom Penh Municipal Court on Monday convicted and imprisoned four people for their roles in a fraud case that involved the forging of Prime Minister Hun Sen’s signature to secure a mining license in Mondolkiri province. Al Romny, the 41-year-old director of the local company ...
Hay Pisey
http://www.cambodiadaily.com/news/jail-terms-for-four-in-mondolkiri-mining-fraud-65700/
Cambodia's anti-graft chief rebukes report on weak credibility system
Om Yintieng, Chairman of Cambodia’s Anti-Corruption Unit, on Tuesday afternoon vehemently rejected an NGO report claiming that the country’s integrity system is weak and requires significant improvement. The official’s remarks came after the TI Cambodia, a branch of the Berlin-based TI, released its 233-page assessment ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-09/09/c_133631066.htm
Resintech to tap into rubber plantation with joint venture in Cambodia
Resintech Bhd, a local Polyethylene and poly vinyl chloride (PVC) pipe manufacturer, will tap into the rubber plantation sector in a bid to diversify its business segment given the healthy outlook on the rubber industry. Resintech’s managing director Datuk Teh Kim Poo said that according to ...
Announcement of the Ministry of Education to request for the temporary closure of gym across the country
On 02 April 2020, the Ministry of Education, Youth and Sports has release an announcement regarding the temporary suspension of all gym business across the country to combat the spread of COVID-19 pandemic. ...
Ministry of Education, Youth and Sport
Malaysian firm to build substation
Malaysian-based electrical power technology company Pestech International Bhd inked a contract to construct the $7.34 million 230/11kV Okvau Transmission Substation, leading Malaysian business publisher The Edge Media Group Pte Ltd reported on Thursday. ...
Thou Vireak
https://www.phnompenhpost.com/business/malaysian-firm-build-substation
MoUs boost finance access for SME’s
The Agriculture and Rural Development Bank (ARDB) has signed Memorandums of Understanding (MoU) with the Cambodia Food Manufacture Association (CFMA) to disburse $50 million in loans from the government to small- and medium-sized enterprises (SME) for business expansion and productivity. ...
Thou Vireak
https://www.phnompenhpost.com/business/mous-boost-finance-access-smes
Preah Sihanouk clean water suppliers warned
Preah Sihanouk provincial governor Kuoch Chamroeun warned he would revoke the business licences of water companies that do not collaborate with relevant officials to expand their reservoirs. ...
Voun Dara
https://www.phnompenhpost.com/national/preah-sihanouk-clean-water-suppliers-warned
Japanese firms in Cambodia biomass and solar power venture
According to Japan’s The Mainichi News, the company, a renewable energy producer Aura Green Energy Co. has teamed up with another Japanese partner to launch a hybrid power generation business in 2021, with the aim of securing the country’s power supply stability. ...
Khmer Times Staff
https://www.khmertimeskh.com/50717991/japanese-firms-in-cambodia-biomass-and-solar-power-venture/
Sharp drop in wages sent back to Kingdom
Cambodia is to join the ranks of declining overseas worker remittances this year after the World Bank projected global remittances will decline sharply by about 20 percent in 2020 because of the economic crisis induced by the COVID-19 pandemic and consequent business shutdowns ...
Sorn Sarath
https://www.khmertimeskh.com/50717705/sharp-drop-in-wages-sent-back-to-kingdom/
Higher budgets and more skills ‘needed to embrace digital transformation’
Cambodia is at risk of “getting left behind” if it doesn’t invest more in a digitally skilled workforce as local companies look to improve their business process and customer experience through “digital transformation”, according to a panel discussion on an industrywide survey. ...
Harrison White
https://www.khmertimeskh.com/50765233/higher-budgets-and-more-skills-needed-to-embrace-digital-transformation/
Ministry works on digital agriculture challenge
The Ministry of Economy and Finance (MEF) together with the Techo Startup Centre and relevant stakeholders yesterday launched an inception workshop to disseminate information about a rural challenge and to discuss expectations of its intended digital platform under the Sustainable Assets for Agriculture Markets, Business ...
Sok Chan and Jason Boken
https://www.khmertimeskh.com/50744903/ministry-works-on-digital-agriculture-challenge/
Public ‘OK’ with removal of small-dollar banknotes
As the deadline draws close for commercial banks and microfinance institutions to send back smaller dollar banknotes to the National Bank of Cambodia without a service charge, businesses are seeing an increase in the use of the riel transactions with no real complaints from shoppers. ...
Jason Boken
https://www.khmertimeskh.com/50757036/public-ok-with-removal-of-small-dollar-banknotes/
High oil tax ‘a burden’ on development
The high-rate of special tax of 10-25 percent on oil for production is one of the burdens facing the advancement of manufacturing industries in Cambodia that have a target to increase added-value by using machinery in the production chain, according to the Japanese Business Association ...
Sorn Sarath
https://www.khmertimeskh.com/50764153/high-oil-tax-a-burden-on-development/
‘Allied action required for digital shift’
Cambodia continues to face a multitude of challenges as digital payments and solutions graduate from a niche business to a key segment in the Kingdom’s development strategy, according to National Bank of Cambodia (NBC) assistant governor Chea Serey on March 17. ...
May Kunmakara
https://www.phnompenhpost.com/business/allied-action-required-digital-shift
Delayed new casino confirms opening target
Century Entertainment has confirmed the opening target and relocation of a new casino to Dara Sakor. The project had been delayed since January. The delay was down to pandemic related business conditions including logistics problems in the delivery of essential equipment. ...
Khmer Times Staff
https://www.khmertimeskh.com/50812067/delayed-new-casino-confirms-opening-target/
ABC: No shortage in capital for lending
CAMBODIA’s financial sector will not face a shortage of cash to lend to local enterprises and accelerate business anytime soon, according to Association of Banks in Cambodia (ABC) president In Channy. ...
May Kunmakara
https://www.phnompenhpost.com/business/abc-no-shortage-capital-lending
USAID-funded online export platform boosts Cambodian exports to MENA markets
The Cambodia Pepper and Spices Federation (CPSF) in collaboration with USAID-funded Feed the Future Cambodia Harvest II “Harvest II” launched on Monday the “Virtual Export Mission to the Middle East and North Africa”, a new digital export programme aiming to provide significant assistance and expertise ...
Khmer Times Staff
https://www.khmertimeskh.com/50939326/usaid-funded-online-export-platform-boosts-cambodian-exports-to-mena-markets/
CCF inspections uncover near-50% fuel fraud rates
Officials from of the General-Directorate of Consumer Protection, Competition and Fraud Prevention (CCF) inspected fuel businesses at 101 locations nationwide and revealed 46 sellers had cheated customers by selling regular fuel as super gasoline. ...
Voun Dara
https://www.phnompenhpost.com/national/ccf-inspections-uncover-near-50-fuel-fraud-rates
Mine, energy sector air snags
The far too frequent inspections of mining sites by the different sets of authorities and exceedingly high costs of the equipment required to supply electricity to mining- and energy-related businesses remain a couple of the predominant issues hobbling the sector. ...
Hin Pisei
https://www.phnompenhpost.com/business/mine-energy-sector-air-snags
SME Bank mulls unsecured loans for SMEs
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) plans to waive collateral requirements for new loans to qualifying local small- and medium-sized enterprises (SME) soon, to reduce the barriers and obstacles that limit their access to the necessary cash to fund ...
Hom Phanet
https://www.phnompenhpost.com/business/sme-bank-mulls-unsecured-loans-smes