Outstanding credit could reach $30B by 2020
The total amount of loans in Cambodia’s banking sector could rise to $30 billion by 2020, according to a report released today by Mekong Strategic Partners, a new investment and advisory fund. Amid such growth, banks will be challenged to drastically expand their operations and will ...
George Styllis and Kang Sothear
http://www.cambodiadaily.com/business/outstanding-credit-could-reach-30b-by-2020-69127/
Cambodia unveils regulation to protect entertainment workers
Cambodia’s Ministries of Labour and Tourism on Wednesday jointly launched a new regulation for protecting the occupational safety, health and labour rights of entertainment workers. “The regulation aims to improve working conditions, occupational safety and health rules of entertainment service enterprises, establishments and companies,”said a ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2014-10/08/c_133699392.htm
GTI price resilient over strikes
It’s been a testing month for Taiwanese garment manufacturer Grand Twins International (GTI), with recurring worker demonstrations and a new sector-wide minimum-wage level set just this week. But despite the turbulence, GTI stock – one of just two companies trading on the Cambodian Stock Exchange (CSX) ...
Eddie Morton
http://phnompenhpost.com/business/gti-price-resilient-over-strikes
ILO, Cambodian garment manufacturers agree to eliminate child labor
Child labor has been a problem plaguing Cambodia for years, and a new agreement between the International Labour Organization’s Better Factories Cambodia (BFC) and the Garment Manufacturers Association in Cambodia (GMAC) is the latest effort to eradicate it. “The agreement emphasizes collaboration between BFC and ...
Tara Donaldson
https://www.sourcingjournalonline.com/ilo-cambodian-garment-manufacturers-agree-eliminate-child-labor-td/
Cambodia near bottom in gov't openness index
Cambodia ranks near the bottom of 102 countries surveyed in a new index of government openness, scoring dead last in mechanisms through which complaints can be lodged against government officials and 98th in sanctions for officials’ misconduct. Overall, the Kingdom placed 98th in the World Justice ...
Sean Teehan
http://www.phnompenhpost.com/cambodia-near-bottom-govt-openness-index
Massive satellite city’s major boulevard nearing completion
A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion. It will also provide access to ING City – previously known as AZ City – which is being constructed on land ...
Failed students weigh future
As the new public school year gets under way this week, grade 12 students reeling from en masse failure at the national exam have a choice to make: repeat their grade or forfeit their diploma. In total, just 33,997 test-sitters, or 40.6 per cent of ...
Laignee Barron and Sen David
http://www.phnompenhpost.com/national/failed-students-weigh-future
Cambodian PM defends Australia refugee deal
Cambodian Prime Minister Hun Sen is trying to ease concerns over the social and economic costs of the country’s plan with Australia to receive refugees. U.S.-based Human Rights Watch has called for the deal to be halted until Cambodia improves its refugee support system. Hun Sen ...
Ron Corben
http://www.voanews.com/content/cambodian-pm-defends-australia-refugee-deal/2531839.html
Cambodian capital's only working elephant to retire in jungle
Phnom Penh’s only working elephant was blessed by a crowd of chanting Buddhist monks on Tuesday (Nov 25) as she prepared for a life of comfortable jungle retirement after three decades of giving rides to tourists. Sambo’s new home will be an ecotourism venture – ...
Channel News Asia Staff
http://www.channelnewsasia.com/news/lifestyle/cambodian-capital-s-only/1493254.html
Gender equality plan unveiled
In its latest plan to tackle gender disparities, the government applauded its own progress, while still acknowledging persistent challenges, such as a lack of women in leadership roles, and new ones, such as women’s vulnerability to climate change. “The situation of women has improved remarkably over ...
Pech Sotheary
http://www.phnompenhpost.com/national/gender-equality-plan-unveiled
More trafficked in 2014: gov’t
A mother whose daughter was trafficked into the Malaysian sex industry has pleaded with lawmakers to help rescue her child, as new figures from Cambodia’s Interior Ministry reveal an upswing in human trafficking victims rescued last year. According to the ministry, although sex trafficking cases ...
Sen David, Buth Reaksmey Kongkea and Pech Sotheary
http://www.phnompenhpost.com/more-trafficked-2014-govt
Cambodia rides out recession smoothly
Cambodia was the only country in the Greater Mekong subregion to have increased its rate of exports following the 2008 global financial crisis, thanks largely to garments accounting for the majority of its manufacturing exports, a new report has found. The Greater Mekong 5 – Cambodia, ...
Ananth Baliga
http://www.phnompenhpost.com/cambodia-rides-out-recession-smoothly
Study finds substandard malaria drugs, but no fakes
A new report suggests counterfeit anti-malarial drugs are far less prevalent in Cambodia than previously thought, but almost a third of the legitimate medicines are of substandard quality. According to the study, published on Monday by the London School of Hygiene and Tropical Medicine, none of ...
Charles Parkinson
http://www.phnompenhpost.com/national/study-finds-substandard-malaria-drugs-no-fakes
Results on the evaluations of 16 ELC companies
Based on the results on the evaluations of the 16 economic land concession (ELCs) companies, which have rights over the land areas of 96,098 hectares in Mondul Kiri province (5 companies), Ratanak Kiri province (4 companies) and Kampong Speu province (7 companies), the Ministry of ...
Ministry of Environment
Waste collection bidding to begin soon, municipal hall says
The Phnom Penh Municipal Hall will soon open the bidding process to choose at least three new waste collection companies for the capital as it works on reforming waste management systems to better serve the public and reduce rubbish pollution on the streets. ...
Long Kimmarita
https://www.phnompenhpost.com/national/waste-collection-bidding-begin-soon-municipal-hall-says
Chinese state-run hydropower companies fall short on green promises
China’s state-owned dam builders are failing to keep their promises to protect the planet when developing hydropower projects abroad – increasing the threat of environmental and social problems, according to a new study by green group International Rivers. ...
Cambodia’s COVID-19 cases rises to 12
Four new cases of COVID-19 was reported late yesterday, bringing the total number of victims to double digits since the virus outbreak started in late December in Wuhan, China. ...
Khmer Times Staff
https://www.khmertimeskh.com/50702156/cambodias-covid-19-cases-rises-to-12/
Ministry of Justice site online
The Ministry of Justice on Monday announced the launch of its new website www.moj.gov.kh in addition to its already existing Facebook page and Telegram service. ...
Voun Dara
https://www.phnompenhpost.com/national/ministry-justice-site-online
Industry leaders continue to call for further economic support
Business advocates are continuing to call on the Cambodian government to further support the local economy during and after the COVID-19 pandemic – through the implementation of collateral-free working loans and new policies to encourage more foreign direct investment in the Kingdom. ...
Harrison White
https://www.khmertimeskh.com/50726929/industry-leaders-continue-to-call-for-further-economic-support/
Three investment projects worth $246 million approved, to create 1,500 jobs
The Council for the Development of Cambodia (CDC) has given the green light to three new investment projects with a total investment capital of $246.1 million. According to the council, the newly approved projects are expected to create some 1,547 jobs for the locals. ...
Khmer Times Staff
https://www.khmertimeskh.com/50727869/three-investment-projects-worth-246-million-approved-to-create-1500-jobs/