Angkor Gold hits the jackpot
Angkor Gold Corp., a Canada-based mineral exploration company with operations in Cambodia, has completed its exploration and analysis of ground samples at its Koan Nheak site in Mondulkiri province. Around 31.8 grams per ton (g/t) of gold were found in the samples, according to a ...
Sum Manet
http://www.khmertimeskh.com/news/28560/angkor-gold-hits-the-jackpot/
Unions decry minimum wage rise of $13
Unions are still seething at the new minimum wage figure for garment and footwear industry workers – which the government decided to raise by only $13 per month last Thursday – but stopped short of saying they would organize protests out of a fear for ...
Mom Kunthear
http://www.khmertimeskh.com/news/30312/unions-decry-minimum-wage-rise-of--13/
New bourse rules to lure SMEs
Cambodia’s market regulator has released listing criteria for a new trading platform – with reduced accounting and capital requirements – aimed at making it easier for small- and mid-sized firms to list on the fledgling stock exchange, Sok Dara, deputy director general of the Securities ...
Sor Chandara and Ananth Baliga
http://www.phnompenhpost.com/business/new-bourse-rules-lure-smes
‘Terrorist’-turned-politician makes his return
Pardoned terrorist and political hopeful Sourn Serey Ratha returned from years of self-imposed exile Thursday, touching down at Phnom Penh International Airport to a muted welcome from a couple of hundred supporters, some of whom knew little about why they were there and came because ...
Zsombor Peter and Khy Sovuthy
https://www.cambodiadaily.com/news/terrorist-turned-politician-makes-his-return-96172/
Amid tensions, two sides vow to continue political dialogue
Officials from the ruling Cambodian People’s Party and the opposition Cambodia National Rescue Party say they will continue political talks, despite last week’s assault of two opposition lawmakers and the removal of Rescue Party Vice President Kem Sokha from his senior post at the National ...
Neou Vannarin
http://www.voacambodia.com/content/amid-tensions-two-sides-vow-to-continue-political-dialogue/3032973.html
Investors from western China eye Cambodia
Chinese Investors from Sichuan Province in Western China are seeking out investment opportunities in Cambodia, a senior official from the China Council for the Promotion of International Trade (CCPIT) Sichuan Council said yesterday at a meeting in the capital. Investment would be focused on infrastructure ...
Sok Chan
http://www.khmertimeskh.com/news/18214/investors-from-western-china-eye-cambodia/
Switzerland promises more funding for Kantha Bopha
Swiss ambassador to Cambodia Ivo Sieber pledged his country’s continued support of Kantha Bopha Hospital yesterday, mentioning that almost half of the hospital’s funding comes from the Swiss government. The promise was made during Amb. Seiber’s meeting with Foreign Minister Hor Namhong at the Foreign ...
Ban Sokrith
http://www.khmertimeskh.com/news/21115/switzerland-promises-more-funding-for-kantha-bopha/
ANZ Ceo leaves on note of caution
The outgoing CEO of ANZ Royal Bank is leaving with a note of caution about the swift growth of lending in Cambodia, while noting that the banking sector had become much more competitive and technologically advanced during his four-year tenure at the helm of one ...
May Kunmakara
http://www.khmertimeskh.com/news/21902/anz-ceo-leaves-on-note-of-caution/
China to consider rice deal
Prime Minister Hun Sen yesterday asked China to consider Cambodia’s rice stocks as part of its effort to distribute food relief to other countries. The request was made during a meeting between the premier and Ho Hau Wah, Vice-Chairman of the Chinese People’s Political Consultative Conference ...
Ven Rathavong
http://www.khmertimeskh.com/news/25570/china-to-consider-rice-deal/
Greater riel use could boost foreign reserves
When Cambodia began accumulating foreign reserves in 1997 – after it switched from a centrally planned market to an open economy – the central bank deposited the $276 million it had saved at the Federal Reserve Bank of New York and allowed it to manage ...
Riel Gains
http://www.khmertimeskh.com/news/36512/greater-riel-use-could-boost-foreign-reserves/
Court summons villagers in land dispute
Svay Rieng Provincial Court has summoned eight members from a group of 200 villagers who occupied land at the centre of a long-running dispute with a development company on Wednesday. The villagers from Ampil commune in Romeas Hek district have been ordered to clarify their actions ...
Sen David
http://www.khmertimeskh.com/news/38746/court-summons-villagers-in-land-dispute/
New rules for digital payments
The central bank has issued new regulations governing the licensing of payment services providers (PSPs), requiring that all firms providing online services to accept electronic payments have at least $2 million in registered capital, a move expected to increase the stability of the sector and ...
Hor Kimsay and Matthieu de Gaudemar
http://www.phnompenhpost.com/business/new-rules-digital-payments
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
‘Red-handed treason’: Kem Sokha faces 30 years after being charged under Article 443
Jailed opposition leader Kem Sokha was officially charged with treason yesterday, about 36 hours after he was arrested at his Phnom Penh residence and sent to a Tbong Khmum prison. If Sokha is found guilty, his party could be dissolved based on new legislation that prevents ...
Leonie Kijewski, Niem Chheng and Meas Sokchea
http://www.phnompenhpost.com/national/red-handed-treason-kem-sokha-faces-30-years-after-being-charged-under-article-443
Hun Sen seeks to clarify remarks, pledging that election will take place ‘no matter what’
Prime Minister Hun Sen hit back yesterday at suggestions that he would consider postponing this year’s elections, saying they will go on as scheduled “no matter what happens” – an apparent effort to clarify his remarks in a speech the day before that an election ...
Ben Sokhean and Andrew Nachemson
http://www.phnompenhpost.com/national-politics/hun-sen-seeks-clarify-remarks-pledging-election-will-take-place-no-matter-what
Hun Sen’s lawyer receives promotion
After leading the legal team that won the widely condemned dissolution of the CNRP at the Supreme Court in November, Ky Tech, lawyer for the Council of Ministers and Prime Minister Hun Sen, has been given a rank equivalent to minister just weeks after he ...
Mech Dara
http://www.phnompenhpost.com/national/hun-sens-lawyer-receives-promotion
Vietnam: zero duties for rice, tobacco
Vietnam agreed yesterday to waive all duties on a total of 300,000 tons of rice and 3,000 tons of dried tobacco exported annually from Cambodia to the country, according to a bilateral agreement signed at two back-to-back summits to promote economic cooperation in the Greater ...
Sok Chan
http://www.khmertimeskh.com/news/31305/vietnam--zero-duties-for-rice--tobacco/
Brokers trading without licences
The Securities and Exchange Commission of Cambodia (SECC) has made slow progress in reining in unlicensed operations since issuing its first derivatives trading licence nearly a year ago. To date, only six licences have been issued, while at least as many unlicensed firms continue to ...
Kali Kotoski
http://www.phnompenhpost.com/business/brokers-trading-without-licences
Government refutes claims over price of Bangladesh rice deal
Cambodian officials and members from the private sector have refuted international media reports that claim the price for rice exports to Bangladesh will be set at $453 a tonne as part of a government-to-government deal that hopes to see 250,000 tonnes of white rice exported ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/government-refutes-claims-over-price-bangladesh-rice-deal
Vietnam to aid border drugs battle
Cambodia and Vietnam vowed to boost cooperation to prevent cross-border drug trafficking during the nations’ annual meeting yesterday. Lieutenant General Mak Chito, deputy National Police commissioner in charge of drug crimes, and Ngo Thai Dung, director of Drug Crime Prevention at the Vietnamese Defence Ministry, met ...
Ven Rathavong
http://www.khmertimeskh.com/5080575/vietnam-aid-border-drugs-battle/