Industry ministry aims to increase patent protection
Due to the lack of qualified personnel to evaluate new patents and enforce the existing law, the Industry Ministry is cooperating with the European Patent Office to enhance their capacity so that Cambodia can better ensure protection of patents to draw more investment, Industry Minister ...
Sok Chan
http://www.khmertimeskh.com/news/19745/industry-ministry-aims-to-increase-patent-protection/
Environmental code aims to safeguard natural resources
A new plan to protect the environment started taking shape yesterday when the Environment Ministry held a workshop to discuss ideas on how to convert numerous laws into a single code to govern the county’s natural resources. It is expected the process will take two years ...
Ros Chanveasna
http://www.khmertimeskh.com/news/23704/environmental-code-aims-to-safeguard-natural-resources/
Nearly 90% of garment factory jobs at risk of automation: ILO
Local industry experts responded yesterday to a new report that warns the majority of Cambodia’s garment sector workers could lose their jobs in the coming two decades as automation and innovative technologies replace low-skilled labour and allow multinational producers to move their operations closer to ...
Hor Kimsay and Cheng Sokhorng
http://www.phnompenhpost.com/business/nearly-90-garment-factory-jobs-risk-automation-ilo
Railway families still smarting after 2 years
Efforts by the Asian Development Bank (ADB) to restore the living standards of families evicted by its railway rehabilitation project continue to fall far short of expectations, and urgent action is needed if the bank is to comply with its own safeguard policies, according to ...
Zsombor Peter
https://www.cambodiadaily.com/news/railway-families-still-smarting-2-years-116519/
Rice taskforce created, again
The Ministry of Commerce set up a new taskforce on Friday to address challenges faced by the Kingdom’s struggling rice industry and assess demands made by members of the Cambodia Rice Federation (CRF), who have decried the ineffectiveness of an earlier taskforce set up by ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rice-taskforce-created-again
Siem Reap feels pinch of tourism downturn
Foreign tourist arrivals in Siem Reap fell 11.2 per cent during the first nine months of the year compared to the same period one year earlier, as the Kingdom’s top tourist gateway sees its most significant slowdown in visitor arrivals in decades, new government data ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/siem-reap-feels-pinch-tourism-downturn
Unions meet with lawmakers, raise concerns on draft law
Union leaders raised their concerns with a draft law aiming to regulate their activities—including a provision that they must report their finances every year—during their first meeting with CPP lawmakers on a new bipartisan committee formed to review the controversial bill before it goes to ...
Sek Odom and Zsombor Peter
https://www.cambodiadaily.com/news/unions-meet-with-lawmakers-raise-concerns-on-draft-law-104126/
Draft law to join china-led development bank passes national assembly
The draft law to join the China-led Asian Infrastructure Investment Bank passed the National Assembly yesterday with lawmakers from both the ruling and opposition party supporting it, saying it will open the door to a new source of funding for the development of the Kingdom’s ...
US congressman urges CPP to drop party-busting bill
A U.S. congressman on Wednesday called on the CPP to abandon an imminent vote on legislation that would give the Cambodian government sweeping new powers to abolish its political rivals, the same day the U.S. ambassador met with CNRP acting President Kem Sokha to discuss ...
Ben Sokhean and Zsombor Peter
https://www.cambodiadaily.com/news/us-congressman-urges-cpp-to-drop-party-busting-bill-125317/
Online trademarks go live
The Ministry of Commerce is urging local and foreign businesses to register their trademarks in Cambodia via a new online system.Commerce Minister Pan Sorasak said the system will serve both the public and private sector and make it easier for organisations to protect their intellectual ...
Sok Chan
http://www.khmertimeskh.com/news/38781/online-trademarks-go-live/
Western policies may slow growth
Long-term growth prospects for developing economies, including Cambodia, will continue to be undermined by a lack of investment as well as the risk of increased protectionist policies by the United States, which could hamper the growth of commodity-driven economies, according to a new report released ...
Kali Kotoski
http://www.phnompenhpost.com/business/western-policies-may-slow-growth
Aeon anniversary highlights shifting market for local malls
AEON Mall, the first large-scale modern shopping mall in Cambodia, recently celebrated its third year of operation in the Kingdom, but with several new high-end malls slated to open over the next few years, analysts expect more competition and sweeping changes in the country’s retail ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/aeon-anniversary-highlights-shifting-market-local-malls
Exports to US bounce back on revised GSP
Exports to the US saw a modest rebound during the first half of the year, benefiting in part from new trade privileges that allow Cambodian-made travel goods to enter the world’s biggest consumer market duty-free, a Garment Manufacturers Association in Cambodia (GMAC) representative said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/exports-us-bounce-back-revised-gsp
Logistics master plan brings high hopes
The new master plan to guide logistics infrastructure development in the kingdom will be ready by the end of March next year and will be pivotal in slashing costs and ramping up efficiency in transportation, a senior official from the Ministry of Public Works and ...
Sok Chan
http://www.khmertimeskh.com/5096121/logistics-master-plan-brings-high-hopes/
Repo auction offers quick liquidity fix
The National Bank of Cambodia rolled out a new mechanism yesterday that offers immediate liquidity to financial institutions to cover their payments and reserve obligations, while giving the central bank greater control over the country’s money supply and moving toward the establishment of a benchmark ...
Hor Kimsay
http://www.phnompenhpost.com/business/repo-auction-offers-quick-liquidity-fix
MFIs seek ministry support
The Ministry of Economy and Finance (MEF) is planning to form a joint committee chaired by government officials and microfinance institutions (MFIs) to promote small loan disbursements as the new 18 percent loan interest rate cap takes effect, according to an announcement released by the ...
Hor Kimsay
http://www.phnompenhpost.com/business/mfis-seek-ministry-support
Japan firms link up to offer leasing
Rent Japan Group Inc, a publicly listed Japanese company that specializes in the recycling and reuse of consumer products, will establish a joint venture with a Japanese financial services firm to launch a new leasing company in Cambodia, it said in a filing yesterday to ...
Kali Kotoski
http://www.phnompenhpost.com/business/japan-firms-link-offer-leasing
Government eyeing low-cost housing
An estimated 7.9 million people in Cambodia will be living in urban areas by 2030, up from 4.5 million in 2014, with officials at a forum on national housing yesterday announcing ambitious plans to meet the demand for some 55,000 affordable new homes each year. ...
Touch Sokha and Yesenia Amaro
http://www.phnompenhpost.com/national/government-eyeing-low-cost-housing
NBC unveils online trading platform
In order to promote interbank transactions and lending, the National Bank of Cambodia (NBC) has officially launched a new online platform which allows financial operators to apply for and trade the central bank’s financial instruments like negotiable certificates of deposits (NCDs), liquidity-providing collateralised operations (LPCOs) ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-unveils-online-trading-platform
‘Peace Museum’ opens
Defence Minister Tea Banh is slated today to preside over the official opening of the Cambodian Mine Action Centre’s new $700,000 “Peace Museum for Mine Action” at its Siem Reap regional headquarters, with Japan set to donate $12 million worth of demining equipment, an official ...
Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/peace-museum-opens