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Lack of construction regulations a concern

Cambodia is experiencing a runaway property boom that must be constrained by laws and regulations in order to draw investment from European developers, which are largely absent in the country, experts said at an industry conference in Phnom Penh on Wednesday. Simon Griffiths, senior manager at ...

Kang Sothear and George Styllis
http://www.cambodiadaily.com/business/lack-of-construction-regulations-a-concern-68862/

Cambodia raises garment wage, but unions say not enough

Cambodia on Wednesday raised the controversial monthly minimum wage for garment workers by 28 percent, a decision likely to infuriate unions seeking a higher increase and revive calls for strike action. Sixteen members of the Labour Ministry’s Labour Advisory Committee voted for the government-proposed minimum ...

World Bulletin News Staff
http://www.worldbulletin.net/economy/148209/cambodia-raises-garment-wage-but-unions-say-not-enough

Disgruntled nursing students petition Parliament

About 20 nursing students from the privately run International Science Institute petitioned the National Assembly on Wednesday to demand action against their school, which they claim is unlicensed and providing them with a substandard education. The school opened in 2012 and currently has about 160 students, ...

Sek Odom
https://www.cambodiadaily.com/news/disgruntled-nursing-students-petition-parliament-76907/

One million hectares reclassified, gov’t says

More than 1 million hectares of forest terrain and land leased by private companies has been put under government control since Prime Minister Hun Sen initiated a moratorium on new economic land concessions (ELCs) in May 2012, the Ministry of Land Management, Urban Planning and ...

May Titthara
http://phnompenhpost.com/national/one-million-hectares-reclassified-gov%E2%80%99t-says

Labor groups press ministry on new union registration rules

About 100 workers representing eight trade unions and labor associations rallied in front of the Ministry of Labor on Sunday demanding that the government relax registration requirements that they say are being used to stifle efforts to increase their memberships. ...

Mech Dara
http://www.cambodiadaily.com/news/labor-groups-press-ministry-on-new-union-registration-rules-71009/

Cambodia Rice Federation seeks to raise development fund from exporters

Cambodia Rice Federation (CRF) has approved to raise the requisite funding for rice sector development through the export fees paid by the rice exporters, according to local sources. The fund will be reportedly used for educating rice farmers about potential crop issues through television and ...

Oryza News Staff
http://oryza.com/cambodia-rice-federation-seeks-raise-development-fund-exporters

Cambodia launches code of banking practices

The National Bank of Cambodia ( NBC), which is the regulator of the banking and finance industry, promulgated the Code of Banking Practices on Monday with an aim of further building confidence of the public in the industry, officials said. The sector had received a ...

Shanghai Daily News Staff
http://shanghaidaily.com/article/article_xinhua.aspx?id=268881

NGOs call out holes in EIA law

The Ministry of Environment is close to finalising a draft environmental impact analysis (EIA) law for development projects, but NGOs and civil society groups raised concerns that the draft law, as it stands, prevents indigenous people who live on the land from opposing such projects. Speaking ...

Chan Muyhong and Ananth Baliga
http://www.phnompenhpost.com/ngos-call-out-holes-eia-law

No end date in sight for oil plant completion

Cambodia Petroleum Company says its $2.3 billion oil refinery is still in the early stages of construction, after being delayed twice since it announcement in 2013. The landmark oil refinery, to be built on 365 hectares across Kampot and Sihanoukville provinces, was first expected to be ...

Chan Muyhong
http://www.phnompenhpost.com/business/no-end-date-sight-oil-plant-completion

Investment law to guide recovery, FTA uptake

The new Law on Investment will be a crucial tool as the Kingdom pushes ahead with post-Covid-19 economic recovery plans, and help lay the groundwork to maximise benefits from free trade agreements (FTA), according to Cambodia Chamber of Commerce (CCC) president Kith Meng. ...

Hom Phanet
https://www.phnompenhpost.com/business/investment-law-guide-recovery-fta-uptake

SME inputs garnered before mid-Nov gov’t, private sector forum

The private sector’s Working Group C (WG-C) on “Manufacturing, Small and Medium Enterprises (SMEs) and Services” is currently collating issues from across Cambodia to draft a joint proposal that will be presented to the government for consideration during the Government-Private Sector Forum (G-PSF), scheduled for ...

Hin Pisei
https://phnompenhpost.com/business/sme-inputs-garnered-mid-nov-govt-private-sector-forum

MoU signed to push financial literacy

Associations of Banks and Microfinance Institutions signed a Memorandum of Understanding on Monday with a FinTech federation to promote financial literacy and inclusion as part of a move towards greater digital adoption. ...

Prak Chan Thul
https://kiripost.com/stories/mou-signed-to-push-financial-literacy

Jan-Aug iron, steel imports up 20% on-year

Cambodia imported $244.754 million worth of “iron and steel” in the first eight months of 2022, up 19.97 per cent from the $204.018 million recorded over the same time in 2021, according to Customs. ...

Hin Pisei
https://www.phnompenhpost.com/business/jan-aug-iron-steel-imports-20-year

Single Portal registrations top 19K

A total of 19,072 companies were successfully registered on the Online Business Registration Platform – also known as the “Single Portal” – as of November 2, the finance ministry reported, in an achievement seen as a reflection of government efforts to improve the ease of ...

May Kunmakara
https://www.phnompenhpost.com/business/single-portal-registrations-top-19k

ECCC, EBC sign MoU on KR trial edu content

The Extraordinary Chambers in the Courts of Cambodia (ECCC) has signed a Memorandum of Understanding (MoU) with Educational Broadcasting Cambodia (EBC) to produce content for a wide range of educational and outreach activities based on the trial process during the Khmer Rouge trials. ...

Hang Punreay
https://www.khmertimeskh.com/501379279/eccc-ebc-sign-mou-on-kr-trial-edu-content/

SOSORO Museum, ABC sign MoU to promote financial education

In a move to improve financial education in Cambodia, the Preah Srey Içanavarman Museum of Economy and Money (SOSORO) and the Association of Banks in Cambodia (ABC) on Wednesday said that they have signed a Memorandum of Understanding (MoU) for collaboration. ...

Khmer Times Staff
https://www.khmertimeskh.com/501459548/sosoro-museum-abc-sign-mou-to-promote-financial-education/

Meeting on gas prices postponed again

The planned meeting of representatives from eight leading gas-station chains and government officials to discuss a formula for setting a range for retail gasoline prices was postponed yesterday until tomorrow, officials at the Commerce Ministry said. ...

Sum Manet
http://www.khmertimeskh.com/news/16570/meeting-on-gas-prices-postponed-again/

A delegation of American Chamber of Commerce in Hong Kong visits Cambodia

A delegation of the American Chamber of Commerce in Hong Kong led by its president Richard R. Vuylsteke has been on a visit to Cambodia to study the investment environment in the country, according to state news agency- AKP.​​ ...

The Cambodia Herald​ News Staff
http://thecambodiaherald.com/cambodia/a-delegation-of-american-chamber-of-commerce-in-hong-kong-visits-cambodia-8826

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