Approved foreign investment drops 43%
The value of foreign investments approved by the government in the first half of this year has dropped more than 43 percent, according to the Council for the Development of Cambodia (CDC), with experts laying the blame on global and regional economic slowdowns. ...
May Kunmakara
http://www.khmertimeskh.com/news/30443/approved-foreign-investment-drops-43-/
Gov’t tackles Social Media
Social networks are a double-edged sword when it comes to the dissemination of news and information according to experts at a social network ethics and morality workshop yesterday. ...
Chea Vannak
http://www.khmertimeskh.com/news/15954/gov---t-tackles-social-media/
Credit growth poses economic risk, IMF warns
Rapid credit growth – increasingly financed by bank flows from abroad – poses significant risk to Cambodia’s economy and requires prudential policies to cool lending and reduce exposure, the International Monetary Fund (IMF) warned in a report released yesterday. It said while Cambodia’s short-term economic ...
Cam McGrath
http://www.phnompenhpost.com/business/credit-growth-poses-economic-risk-imf-warns
Villagers in land dispute say IDs were denied
More than 100 family representatives yesterday filed complaints at Ratanakkiri Provincial Hall and the Interior Ministry, claiming that requests to be issued with identity cards so they could vote in upcoming elections were denied by local police officials. ...
Phak Seangly
http://www.phnompenhpost.com/national/villagers-land-dispute-say-ids-were-denied
All Nippon Airways mulls direct flight to Kingdom
Cambodian officials and Japanese airline All Nippon Airways discussed on Friday the possibility of starting a direct flight between the Kingdom and Japan next year, in a bid to facilitate the increase in bilateral business and investment transactions, according to a State Secretariat of Civil ...
Ananth Baliga
http://www.phnompenhpost.com/business/all-nippon-airways-mulls-direct-flight-kingdom
Dearth of job security for young workers: org
Employers in the Kingdom need to draw up more contracts with their young workers to keep them from being exploited and left in the dark in case of a dispute, a youth NGO urged yesterday. ...
Lay Samean
http://www.phnompenhpost.com/national/dearth-job-security-young-workers-org
Malaysian firm wagers on Sihanoukville's potential
An obscure Malaysian company has obtained approval from Cambodia’s Council of Ministers to develop hotels and casinos in Sihanoukville, with an online promotional video claiming the firm will transform the coastal city into the “Macau of Southeast Asia.” ...
Sor Chandara
http://www.phnompenhpost.com/business/malaysian-firm-wagers-sihanoukvilles-potential
Cambodia’s insurance premium up 38 pct in Q1
The insurance industry in Cambodia reported a 38-percent increase in gross premium in the first quarter of 2016 over the same period last year, the Insurance Association of Cambodia (IAC) said on Sunday. ...
Khmer Times Team
http://www.khmertimeskh.com/news/24711/cambodia---s-insurance-premium-up-38-pct-in-q1/
Fuel prices steadily increase
Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels. ...
Hor Kimsay
http://www.phnompenhpost.com/business/fuel-prices-steadily-increase
Malaysian businessmen urged to invest in Cambodia
The President of the Cambodia Chamber of Commerce (CCC), a leading organization representing the private sector in the Kingdom, has urged Malaysian investors and businessmen to invest in and do business with Cambodia to forge a stronger relationship between the two Asean states. ...
May Kunmakara
http://www.khmertimeskh.com/news/25770/malaysian-businessmen-urged-to-invest-in-cambodia/
Illegal migrants to be deported
Sixty illegal Vietnamese and Chinese laborers were arrested in Kampot province yesterday. ...
Cheang Sokha
http://www.khmertimeskh.com/news/25867/illegal-migrants-to-be-deported/
Fee proposed on plastic bags
The government has proposed slugging shoppers 500 riel for plastic bags in a bid to reduce environmental pollution. A draft prakas on plastic bags that would include the fee was reviewed yesterday in a Department of Environment workshop attended by government representatives along with mall and ...
Kong Meta
http://www.phnompenhpost.com/national/fee-proposed-plastic-bags
Review finds economy resilient to challenges
The National Bank of Cambodia released its annual report yesterday, citing strong growth in 2015 despite challenging economic circumstances caused by a Chinese economic slowdown, increased regional competitiveness and the appreciation of the US dollar. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/review-finds-economy-resilient-challenges
Japan provides US$134,526 for the project of primary health care system strengthening for mothers and children in Kampong Cham province
On 5 September 2016, the Government of Japan has agreed to provide US$134,526 to PH-Japan Foundation (PHJ). The grand contract under the framework of the “Grant Assistance for Japanese NGO Projects” was signed at the Embassy of Japan between H.E. Mr. KUMAMARU Yuji,Ambassador Extraordinary and ...
Embassy of Japan in Cambodia
Tourism duo took bribes: ministry
Two officials from the Ministry of Tourism were found by the ministry to have taken bribes of up to $3,000 from candidates for tour-guide examinations in Siem Reap, though neither of the officials have been fired. ...
Chhay Channyda and Zoe Holman
http://www.phnompenhpost.com/national/tourism-duo-took-bribes-ministry
Draft Telecoms law approved by council of ministers
The Council of Ministers on Friday signed off on a potentially sweeping draft law that would regulate the country’s telecommunications sector, which a rights group warned in May could effectively nationalize private service providers. ...
Kuch Naren
https://www.cambodiadaily.com/news/draft-telecoms-law-approved-by-council-of-ministers-97072/
Authorities threaten protesting unionists with crackdown
A police official in Kompong Speu province said Thursday that the military might confront garment workers protesting the arrests of two colleagues if they did not stop demonstrating outside provincial government buildings.Around 600 workers from the Hong Kong-owned Agile Sweater factory protested outside the provincial ...
Ben Sokhean
https://www.cambodiadaily.com/news/authorities-threaten-protesting-unionists-with-crackdown-98060/
Ministry to postpone TV broadcast regulations
The Information Ministry announced Monday that it would push back by two months a deadline for all 17 local television stations to broadcast only Cambodian-produced content during prime time. ...
Ouch Sony
https://www.cambodiadaily.com/news/ministry-to-postpone-tv-broadcast-regulations-98398/
Difficult rainy season ends
As a fickle rainy season that has seen areas of the country plagued by drought draws to a close, Cambodia’s rice production remains nearly on target, though food insecurity is still a problem for individual communities, according to the World Food Programme.The season’s slow start ...
Igor Kossov
http://www.phnompenhpost.com/national/difficult-rainy-season-ends
Vietnam agrees to hasten border demarcation
Cambodia and Vietnam agreed to hasten the demarcation of their shared border and not allow “hostile forces” and “extremists” to threaten security during a two-day meeting in Ho Chi Minh City that wrapped up Wednesday, according to Vietnamese and Cambodian newspapers. ...
Mech Dara
https://www.cambodiadaily.com/news/vietnam-agrees-to-hasten-border-demarcation-98802/