Stock exchange ready for SMEs
The Federation of Associations for Small and Medium Enterprises of Cambodia (FASMEC) sees small and medium sized businesses (SMEs) as the engine to drive growth on the local stock market, while the companies already listed have been growing steadily. ...
Sok Chan
http://www.khmertimeskh.com/news/25855/stock-exchange-ready-for-smes/
Rice crackers bound for China
Cambodian rice cracker manufacturer Ly Ly Food Industry Co. Ltd., has begun exporting its products to China, as part of a push to expand beyond Asean markets. ...
Sum Manet
http://www.khmertimeskh.com/news/28557/rice-crackers-bound-for-china/
Law to build confidence
The controversial Union Law, which was passed and put into force after dozens of debates and protests, is expected to build confidence among garment and textile buyers as well as employers and workers, experts said. Sandra D’Amico, vice president of the Cambodian Federation of Employers ...
Chea Vannak
http://www.khmertimeskh.com/news/26884/law-to-build-confidence/
Clock ticking for UN’s rights office
With 10 days remaining until a government-imposed deadline for the U.N.’s human rights office to either sign a new agreement to operate in the country or close down, there is no sign that the two sides have come any closer to reaching a deal. ...
Colin Meyn
https://www.cambodiadaily.com/news/clock-ticking-uns-rights-office-122195/
New outsourcing players challenge export giants
Of course the BRIC countries are far from being the only emerging market suppliers for the global apparel sector – and a knot Of competitors such as Bangladesh and Vietnam have long been vying for business. But there are smaller players (in terms Of the ...
Home Farming, No Compensation to Blame for H5N1 Rate
Cambodia has been the country regionally worst affected by bird flu in humans this year—with 23 cases compared to just two in Vietnam and none in Thailand—largely due to the difference in poultry farming, an official with the U.N.’s Food and Agriculture Organization (FAO) said ...
Denise Hruby
http://www.cambodiadaily.com/news/home-farming-no-compensation-to-blame-for-h5n1-rate-46685/
Arbitrator ready to hear cases
More than a year after it was established, the National Commercial Arbitration Centre (NCAC), Cambodia’s first third-party dispute resolution body, is finally ready to take on its first case. During its first annual assembly in Phnom Penh on Friday, the NCAC confirmed that it had finalised ...
Chan Muyhong
http://www.phnompenhpost.com/business/arbitrator-ready-hear-cases
UN envoy raises assembly ban concerns
Maina Kiai, the U.N.’s special rapporteur on the freedom of assembly and association, met with a Foreign Affairs Ministry official Thursday and raised concerns about the government’s blanket ban on gatherings in Phnom Penh. His visit wraps up today, and a thematic report he will issue ...
Lauren Crothers
http://www.cambodiadaily.com/news/un-envoy-raises-assembly-ban-concerns-51652/
Acleda takes on tax collection role
Taxpayers are now able to pay their dues at Acleda Bank as the government seeks to outsource its tax revenue collection to the private sector, the head of Cambodia’s largest bank said yesterday. In Channy, president and CEO of Acleda bank, told the Post that the ...
Hor Kimsay and Daniel de Carteret
http://www.phnompenhpost.com/business/acleda-takes-tax-collection-role
Anti-refugee protest dogged by xenophobia
Hundreds of demonstrators marched through central Phnom Penh yesterday morning calling for a controversial refugee resettlement deal between Australia and Cambodia to be scrapped. While the protesters echoed human rights concerns that have been repeatedly made about the scheme, an undercurrent of xenophobia was also present. After ...
Kevin Ponniah
http://phnompenhpost.com/post-weekend/anti-refugee-protest-dogged-xenophobia
Telco regulator launched
The Ministry of Post and Telecommunications officially launched the Telecommunication Regulator of Cambodia (TRC) yesterday in an attempt to establish laws to control, and resolve conflicts among, telecoms operators. Post and Telecommunications Minister So Khun said the TRC’s establishment supported other regulations for managing conflicts among mobile ...
New Ministry decree aims at tourist safety
A Ministry of Tourism official said they would finalize an inter-ministerial prakas before the end of this year to enhance tourists’ safety, as previous fatal accidents have led to concerns in the tourism sector. Tith Chantha, general director of tourism at the Ministry of Tourism, said task force officials, affiliated with Tourism ...
ARDB seeks $30M more for SME loans
Agriculture and Rural Development Bank of Cambodia (ARDB) expects to receive an additional $30 million from the government for special-purpose loans to keep the Kingdom’s smaller businesses afloat amid the ongoing economic duress of Covid-19, according to the state-owned bank’s director-general Kao Thach. ...
Thou Vireak
https://www.phnompenhpost.com/business/ardb-seeks-30m-more-sme-loans
Rising tourism prompts ABA growth in Siem Reap
The Advanced Bank of Asia (ABA) is expanding its Siem Reap operations to take advantage of the growing tourism sector. The bank is moving out of its 160-square-metre Sivutha Street office into a 1,080-square-metre, three-level office across the road, and it is now one of the ...
Anti-graft chief says probe into health ministry in ‘final stage’
The head of the Anti-Corruption Unit (ACU) said Wednesday that he would send officials to Singapore today for the “final stage” of an investigation into corruption within the Health Ministry, first revealed in a probe made public in November last year by the Global Fund ...
Cambodia set to join mekong region anti-narcotics force
Cambodia is planning to join the regional anti-drug-trafficking operation Safe Mekong, which aims to stem the flow of illegal narcotics through the notorious “Golden Triangle” area, after Thailand and Laos announced they had asked for Cambodia and Vietnam to be involved. ...
Simon Henderson
https://www.cambodiadaily.com/news/cambodia-set-to-join-mekong-region-anti-narcotics-force-91368/
$200 mil a year veggie imports to be slashed
The government has designated eight provinces to start boosting vegetable production from this year in a move to curb the capital flow of an estimated $200 million per year on imports from neighboring countries, mainly Vietnam.Vongsey Vissoth, secretary of state for the Ministry of Economy ...
May Kunmakara
http://www.khmertimeskh.com/news/34744/-200-mil-a-year-veggie-imports-to-be-slashed/
Activist scion claims firms broke rules
Almost three years after his father’s sudden killing, the son of late forest activist Chut Wutty has returned from a fact-finding mission to Ratanakkiri province, where he identified four companies as having stockpiled luxury timber on a large scale. ...
May Titthara
http://www.phnompenhpost.com/activist-scion-claims-firms-broke-rules
The Kingdom’s biggest dirty little trade secret
More than $15 billion exited Cambodia in illicit capital flows over the past decade, stripping the economy of money that could have been used for development, a new report showsA staggering amount of money was funnelled out of Cambodia in shady transactions over the past ...
Cam McGrath
http://www.phnompenhpost.com/business/kingdoms-biggest-dirty-little-trade-secret
Land protesters vow capital return
Representatives of about 400 families locked in a 670-hectare land dispute with NK Venture in Svay Rieng province’s Romeas Haek district have warned that protestors will return to Phnom Penh if negotiations with local authorities fail to yield results. ...
Pech Sotheary
https://www.khmertimeskh.com/50549892/land-protesters-vow-capital-return/