Banking shows steady growth
Cambodia’s financial sector saw healthy growth last year with increased deposits and profits amid slower credit growth, reflecting sustainable development and increased public confidence in the sector, according to a recently released central bank report. ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/banking-shows-steady-growth
NBC, South Korea team up for research
The central banks of Cambodia and South Korea signed an agreement on Friday to jointly conduct research and analyse the relationship between exchange rates and inflation in the Cambodian economy, according to bank officials. ...
Hor Kimsay
http://www.phnompenhpost.com/business/nbc-south-korea-team-research
QR codes could prove to be a digital alternative to cash for Cambodia
Global payments giant Visa is the first international financial firm to announce the roll out of a payment solution in Cambodia for quick response codes, or QR codes, those pixelated black and white squares designed to be read by a smartphone camera that have begun ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/qr-codes-could-prove-be-digital-alternative-cash-cambodia
Cambodia Daily slapped with huge tax bill
Government-aligned media outlet Fresh News has published a leaked letter from the Taxation Department to the Cambodia Daily claiming that it owes $6.3 million in back taxes, a disclosure accompanied by scathing anonymous “letters” attacking the English-language newspaper and prominent NGOs. ...
Phak Seangly and Shaun Turton
http://www.phnompenhpost.com/national/cambodia-daily-slapped-huge-tax-bill
SMEs get support to go public
The Securities and Exchange Commission of Cambodia (SECC) launched its “Excellence Program” today with the aim to help companies develop the capacity to prepare adequate financial reports, establish proper accounting principles and learn about how the growth board can provide additional funding sources. ...
Hor Kimsay
http://www.phnompenhpost.com/business/smes-get-support-go-public
Hydro deal signing faces delay
A $100 million electricity and fresh water deal for a joint-venture between Cambodia’s LYP Group and the Electricity Generating Authority of Thailand (Egat) will not be signed as expected when Prime Minister Hun Sen meets his Thai counterpart Gen Prayut Chan-o-cha today for bilateral talks, ...
May Kunmakara
http://www.khmertimeskh.com/5081898/hydro-deal-signing-faces-delay/
Sok Touch spins ‘revolt’ theory
University researcher Sok Touch yesterday took the government’s oft-used “colour revolution” narrative one step further by characterising practically every major political development since the 2013 post-election protests as part of one concerted attempt to foment insurrection in the Kingdom. ...
Ananth Baliga and Ben Sokhean
http://www.phnompenhpost.com/national/sok-touch-spins-revolt-theory
Cambodia and Indonesia discuss direct air connection
Cambodia and Indonesia agreed to cooperate to boost their tourism markets, particularly by enhancing air connectivity and by jointly managing their most iconic tourism sites.During an official visit to Indonesia last week, Prak Sokhonn, the Cambodian Minister of Foreign Affairs and International Cooperation, suggested both ...
Chea Vannak
http://www.khmertimeskh.com/50106687/cambodia-indonesia-discuss-direct-air-connection/`
Malaysia MoU expands beyond domestic work
Labour Minister Ith Samheng and Malaysian Ambassador to Cambodia Dato’ Sri Hasan Malek yesterday announced that three more categories of workers are being added to a December agreement to send domestic workers to Malaysia. ...
Sen David
http://www.phnompenhpost.com/national/malaysia-mou-expands-beyond-domestic-work
Transport ministry creates four departments
Public Works and Transport Minister Sun Chanthol announced the creation of four new departments within his ministry yesterday during a road renovation ceremony in Preah Sihanouk province. Transport Ministry spokesman Va Sim Sorya confirmed the changes to Khmer Times yesterday and said they were done to ...
Ros Chanveasna
http://www.khmertimeskh.com/news/31536/transport-ministry-creates-four-departments/
Cambodia-Thai rail link delayed again
The train service between Cambodia and Thailand, which was expected to begin operations early this year, may be delayed due to compensation issues with people living along a one-kilometer stretch of track in Poipet City. ...
Chea Vannak
http://www.khmertimeskh.com/news/34411/cambodia-thai-rail-link-delayed-again/
Parliaments share auditing experience
The Cambodian, Laos, and Vietnam parliaments have shared a stage to discuss their expenditure experiences and improve transparency and auditing of public investment in areas such as infrastructure. ...
Sum Manet
http://www.khmertimeskh.com/news/36507/parliaments-share-auditing-experience/
Garment factory fined after pollution claims
The Ministry of Environment has fined a Chinese garment factory in Takeo province $7,500 after villagers complained the factory was polluting nearby streams with untreated waste. ...
Daphne Chen
http://www.phnompenhpost.com/national/garment-factory-fined-after-pollution-claims
Hundreds of truck owners fined
More than 300 overloaded trucks were fined nearly $135,000 last month, causing the Transport Ministry to call for stricter action to protect the country’s roads.A Transport Ministry report said a committee comprised of ministry officials and law enforcement officers seized 307 overloaded trucks, resulting in ...
Pav Suy
http://www.khmertimeskh.com/50101342/hundreds-truck-owners-fined/
Students lectured on ‘revolution’
Ruling party lawmaker Pen Panha gave a lecture yesterday at the Royal School of Administration to students on the opposition’s alleged attempt at “colour revolution” – an allegation used to dissolve the Cambodia National Rescue Party in November, with virtually no evidence presented to the ...
Mech Dara
http://www.phnompenhpost.com/national/students-lectured-revolution
Massive solar farm planned by US firm
US-based solar energy developer Omni Navitas announced a plan to set up a $500 million, 150-megawatt solar energy farm in Cambodia, which CEO Jim McAuliffe said would make it the largest solar farm in Southeast Asia by capacity. ...
Hor Kimsay
http://www.phnompenhpost.com/business/massive-solar-farm-planned-us-firm
More crocodile farms given Cites recognition
Sixteen additional crocodile farms have been approved under an international conservation treaty to export Siamese crocodiles, bringing the total number of recognised farms in Cambodia to 21, according to a government official. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/more-crocodile-farms-given-cites-recognition
Illegal marble miners detained in Kampong Speu
Kampong Speu provincial authorities on Friday arrested five individuals suspected of illegally mining marble at Kbal Damrey village in Oral district’s Trapaing Chor commune. Provincial governor Vei Samnang said on Monday that the suspects included three Cambodians and two Vietnamese nationals. “We are drafting a ...
Soth Koemsoeun
https://www.phnompenhpost.com/national/illegal-marble-miners-detained-kampong-speu
$3 billion in reserve ahead of possible EBA withdrawal
The government has reserved around $3 billion to cope with a possible suspension of the Kingdom’s access to the EU’s preferential “Everything But Arms” (EBA) agreement. ...
Thou Vireak
https://www.phnompenhpost.com/national-politics/3-billion-reserve-ahead-possible-eba-withdrawal
Five canals to be expanded in Preah Sihanouk province to mitigate against flooding
The Preah Sihanouk provincial authority plans to clear and expand five canals spanning some 26km starting on Monday, to mitigate city flooding which had previously affected areas in their vicinity. Provincial governor Kuoch Chamroeun asked the relevant authorities to inform and advise people to demolish ...
Khorn Savi
https://www.phnompenhpost.com/national/five-canals-be-expanded-preah-sihanouk-province-mitigate-against-flooding