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ANZ needs to step up its risk assessment: Oxfam

ANZ’s financing of ruling party senator Ly Yong Phat’s controversial sugar plantation has come under fire once again, this time in an investigation by NGO Oxfam into Australia’s big four banks and their links to rights abuses in developing countries. In a report titled “Banking on ...

Daniel de Carteret
http://www.phnompenhpost.com/business/anz-needs-step-its-risk-assessment-oxfam

Porsche dealership to open

The newly appointed local distributor of German carmaker Porsche broke ground yesterday on a $2 million dealership that is set to open within eight months across from the Phnom Penh International Airport on Russian Boulevard. Equipped with four service bays, the planned Porsche Centre Phnom Penh ...

Eddie Morton
http://www.phnompenhpost.com/business/porsche-dealership-open

Cambodia PM: agreement with Opposition may be near

Cambodian Prime Minister Hun Sen said Monday that secret talks with the country’s political opposition have resolved most of their differences, and the two sides may soon reach an agreement for the opposition to end its boycott of parliament. Hun Sen said that a single “small ...

Sopheng Cheang
http://abcnews.go.com/International/wireStory/cambodia-pm-agreement-opposition-23218596

In Remote Rovieng, a Much-Touted Steel Plant Has Not Been Built

Two years ago, a ceremony was held in Rovieng district, a remote area in the northern province of Banteay Meanchey, to herald the construction of a major steel plant here. The much-touted plant would make use of iron ore found here. It was to be a ...

Suy Heimkhemra
http://www.voacambodia.com/content/in-remote-rovieng-a-much-touted-steel-plant-has-not-been-built/1934675.html

Italy demands ‘fairer’ rice deal

Italy has demanded that the European Union restrict Cambodia’s duty-free import status, as concerns over the survival of that country’s rice sector appear to be reaching a fever pitch. According to rice industry website Oryza, the Italian government has officially submitted a request to the EU ...

Eddie Morton
http://www.phnompenhpost.com/business/italy-demands-%E2%80%98fairer%E2%80%99-rice-deal

For many, work-school equation doesn’t add up

Almost a quarter of Cambodian students aged 7 to 14 are forced to give up school because their work intercedes, according to a new study by UNESCO. With 10 per cent of 7- to 14-year-olds classified as child labourers, Cambodia has more young children working ...

Laignee Barron
http://www.phnompenhpost.com/national/many-work-school-equation-doesnt-add

Firms that list to see tax cut

New and existing companies listed on the Cambodia Securities Exchange (CSX) will have their taxes halved by the Cambodian government, a move that is being labelled as a generous attempt to boost activity on the bourse. The sub-decree, which was signed off by Prime Minister Hun ...

Eddie Morton and May Kunmakara
http://www.phnompenhpost.com/business/firms-list-see-tax-cut

Cambodian Red Cross swaps Siem Reap office

The Siem Reap provincial office of the Cambodian Red Cross has swapped land with a private company, moving from a prime spot in the heart of Siem Reap City to a cheaper plot 8 km away and on the outskirts of town, officials said Tuesday. ...

Kuch Naren
http://www.cambodiadaily.com/news/cambodian-red-cross-swaps-siem-reap-office-72129/

Gov’t to monitor prices at pump

The Cambodian government is again urging petrol retailers to pass on savings to the consumer amid the continued plunge in global oil prices, which hit a new five-year low yesterday. The premier’s criticism of foreign fuel retailers comes after the minister of commerce, Sun Chanthol, ...

Eddie Morton
http://www.phnompenhpost.com/business/govt-monitor-prices-pump

Timber trader Try Pheap linked to logging racket

In a new report, U.K. environmental rights group Global Witness places Cambodian timber magnate Try Pheap at the heart of a vast illegal logging operation driving the country’s rarest tree species to the brink of extinction with the collusion of government and military officials. “The Cost ...

Zsombor Peter
https://www.cambodiadaily.com/news/timber-trader-try-pheap-linked-to-vast-logging-racket-77466/

Extending Eurasia security cooperation

After 14 years of development, the Shanghai Cooperation Organization (SCO) has set its sights on goals for the next decade at the 15th meeting of the Council of SCO Heads of State that was held in Ufa, the capital of Russia’s Bashkortostan Republic, on July ...

Bai Shi
http://www.bjreview.com.cn/world/txt/2015-07/20/content_696694.htm

ACU takes aim at bribes

The Anti-Corruption Unit has set its sights on illegal fees paid at the commune level and intends to stamp out a decades-old culture of bribery within the next four months, ACU officials announced yesterday. At a press conference, acting ACU president Chhay Savuth said that 22 ...

http://www.phnompenhpost.com/index.php/2012050956060/National-news/acu-takes-aim-at-bribes.html

Officials worry over tiny rise in rice exports

Cambodian milled rice exports grew by only 0.52 per cent in the first 10 months of the year, compared to the same period last year, according to new figures from the government. Officials have expressed concern over Cambodia’s ability to reach its export target of ...

http://www.phnompenhpost.com/index.php/2012111659775/Business/officials-worry-over-tiny-rise-in-rice-exports.html

Traffic fine increase gets green light

Nearly a year after being signed into law, Cambodia’s new traffic code is just weeks from finally being enforced.National Police chief Neth Savoeun yesterday said that drivers have had plenty of notice, and the time for implementation has come. As of January 1, fines for ...

Taing Vida and Igor Kossov
http://www.phnompenhpost.com/national/traffic-fine-increase-gets-green-light

Commune hopefuls to get their 15 minutes

The National Election Committee on Saturday announced new guidelines for the June commune elections, granting all 12 registered parties equal airtime on government-run broadcaster TVK. ...

Lay Samean
http://www.phnompenhpost.com/national/commune-hopefuls-get-their-15-minutes

S’pore president to visit amid sand controversy

Officials were tight-lipped yesterday about whether huge discrepancies in sand exports to Singapore would be discussed during a visit by the city-state’s president to the Kingdom later this week, though a Ministry of Mines official said a new export process was in the works. ...

Yesenia Amaro
http://www.phnompenhpost.com/national/spore-president-visit-amid-sand-controversy

PM to oversee China FTA signing in August

Prime Minister Hun Sen will lead a delegation of high ranking officials to sign the Cambodia-China Free Trade Agreement (FTA) next month, the Ministry of Commerce said.​ This, it said, will provide Cambodia a gateway to the world’s second largest and Asia’s largest economy, heralding ...

May Kunmakara
https://www.phnompenhpost.com/business/pm-oversee-china-fta-signing-august

BirdLife pilots buffalo breeding project to cut down on hunting

BirdLife International Cambodia is testing a new buffalo breeding project by giving farmers female buffalo to breed as an alternative to hunting. The project aims to put an end to hunting in the Boeung Prek Lpov Protected Landscape in Takeo province’s Koh Andet and Borei Cholsar ...

Soth Koemsoeun
https://www.phnompenhpost.com/national/birdlife-pilots-buffalo-breeding-project-cut-down-hunting

‘Viable’ Boeung Kak option floated

More than enough vacant plots exist within Boeung Kak lake’s 12.44-hectare concession area to house those denied land permits, a new NGO report says. Sahmakum Teang Tnaut claims to have found “a viable and practical” solution for households excluded from the unmarked land the prime minister ...

http://www.phnompenhpost.com/index.php/2012070357170/National-news/viable-boeung-kak-option.html

Blockchain cited as boost to public trust in financial institutions

At this week’s 2020 Global Blockchain Policy Forum,  Assistant Governor and Director-General of Central Banking, National Bank of Cambodia (NBC) Chea Serey stressed the need for building public trust in financial institutions and how the new Bakong payment system and infrastructure, built on blockchain technology, ...

Jason Boken
https://www.khmertimeskh.com/783940/blockchain-cited-as-boost-to-public-trust-in-financial-institutions/

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