International criminal operation exposed as call centre scammers arrested in Cambodia
Thai authorities have made a breakthrough in dismantling a call centre scam gang responsible for defrauding victims and contributed to a tragic family murder. Four individuals believed to be part of a larger 30-member criminal network were apprehended in Poipet, Cambodia. ...
Khmer Times Staff
https://www.khmertimeskh.com/501358507/international-criminal-operation-exposed-as-call-centre-scammers-arrested-in-cambodia/
Loan offtake slows, NPLs go up
Growth in the offtake of loans from financial institutions is forecast to be in single digits this year in Cambodia, compared to the 17 percent growth in 2022, according to the Cambodian Financial Sector Report 2023 by Mekong Strategic Capital. ...
Manoj Mathew
https://www.khmertimeskh.com/501350471/loan-offtake-slows-npls-go-up/
PM asks MEF to simplify biz registration procedures
Prime Minister Hun Manet asked Deputy Prime Minister and Minister of Economy and Finance (MEF) and Chairman of the Committee on Economic and Financial Policy Aun Pornmoniroth to simplify business registration and reduce tax burdens for the self-employed in the informal economy to be formalised ...
Kang Sothear
https://www.khmertimeskh.com/501353754/pm-asks-mef-to-simplify-biz-registration-procedures/
New gov’t embarks on Pentagonal Strategy-I
Prime Minister Hun Manet yesterday announced the official launch of the Pentagonal Strategy–Phase I and the key measures for the Royal Government of Cambodia (RGC) to be implemented in the next five years to transform Cambodia into a high-income economy by 2050. ...
Kang Sothear
https://www.khmertimeskh.com/501348839/new-govt-embarks-on-pentagonal-strategy-i/
Is a higher dividend payment always the better stock option?
When investing in stocks, investors can expect some of their assets to generate a dividend payment, a sum of money paid by a company to its shareholders out of its profits. Dividends are typically paid annually, but they can also be paid quarterly or monthly. ...
Post Staff
https://www.phnompenhpost.com/banking-securities-business/higher-dividend-payment-always-better-stock-option
Sokha calls for cheaper passports
New Minister of Interior Sar Sokha has requested that officials in his ministry examine the possibility of lowering the prices of Cambodian passports, noting that current prices are relatively high. Speaking to officials at the Ministry of Interior on September 4, Sokha said the move would ...
Orm Bunthoeurn and Kim Yutharo
https://phnompenhpost.com/national/sokha-calls-cheaper-passports
11,000-bed Covid treatment centre now 30% complete
The Kingdom’s first state-of the-art Covid-19 treatment centre, which is being constructed on an 8ha site on the northwestern outskirts of the capital, is now 30 per cent complete, according to officials from the Ministry of Health and Phnom Penh Municipal Administration following their June ...
Mom Kunthear
https://www.phnompenhpost.com/national/11000-bed-covid-treatment-centre-now-30-complete
Local fuel prices fall 10% amid global downticks
International fuel rates have started to fall back as India and Iran look to step up Russian crude imports, in a downward trend likely to be fuelled by cooperation between the trio of countries on reducing the pressure of the oil price crisis, economists have ...
Hom Phanet
https://www.phnompenhpost.com/business/local-fuel-prices-fall-10-amid-global-downticks
Hundreds gather for two-day Citizens’ Forum
Civil society organisations (CSOs) and hundreds of people from all walks of life met at a two-day “Cambodian citizens’ forum” in the capital to voice their concerns, hoping their issues will be addressed and included in national and regional policies. ...
Long Kimmarita and Eng Reachny
https://www.phnompenhpost.com/national/hundreds-gather-two-day-citizens-forum
Four parties plan to request meetings on election reforms
Four political parties are planning to request meetings with the National Assembly (NA), National Election Committee (NEC) and the Ministry of Interior this week to submit “important” documents to them while urging revisions to the electoral system, a move they said must be made to ...
Nov Sivutha
https://www.phnompenhpost.com/national-politics/four-parties-plan-request-meetings-election-reforms
Key lenders agree to ease loan terms for flood victims
Members of Cambodia’s apex bodies of the banking and microfinance industries have agreed to ease restrictions on loan repayments, reduce interest rates, as well as restructure loans for customers deemed to be significantly affected by the heavy rains and floods that have swept the Kingdom ...
May Kunmakara
https://www.phnompenhpost.com/business/key-lenders-agree-ease-loan-terms-flood-victims
No Water Festival for Phnom Penh, say Council of Ministers
Phnom Penh will not see boat racing during the occasion of Water Festival Celebration this year, although the traditional event can still be organised in provinces across the country, according to a decision made during the Council of Ministers meeting on September 9. ...
Orm Bunthoeurn
https://www.phnompenhpost.com/national/no-water-festival-phnom-penh-say-council-ministers
Plan to add 6 mine-free provinces by 2023: Thuch
Almost $6 million will be used on mine clearing across six provinces in the first phase of the Samdech Techo Project for Mine Action (STP-MA), according to the Cambodian Mine Action and Victim Assistance Authority (CMAA). ...
Mom Kunthear
https://www.phnompenhpost.com/national/plan-add-6-mine-free-provinces-2023-thuch
RCAF begins first recruitment drive since onset of pandemic
The Ministry of National Defence will be distributing applications to prospective students from February 1-15 as it looks to recruit a new generation of military trainees to meet the needs of various units of the Royal Cambodian Armed Forces (RCAF). ...
Samban Chandara
https://www.phnompenhpost.com/national/rcaf-begins-first-recruitment-drive-onset-pandemic
Police claim Japanese, Malaysian nationals removed from compound not confined against will
Police claim 19 Japanese nationals who were removed from a Sihanoukville compound last week were not held against their will and are being investigated for alleged criminal activity, according to National Police spokesperson Chhay Kim Khoeun. ...
Sorn Sarath
https://cambojanews.com/police-claim-japanese-malaysian-nationals-removed-from-compound-not-confined-against-will/
Women’s affairs ministry urges end to ‘misogynistic language’
The Ministry of Women’s Affairs expressed its dismay regarding the use of inappropriate and immoral language on social media by a small number of individuals. It considered these acts as having damaged the honour and dignity of Cambodian women as well as being detrimental to ...
Long Kimmarita
https://www.phnompenhpost.com/national/womens-affairs-ministry-urges-end-misogynistic-language
VOD to stay shut for ‘serious insults’ to gov’t, Hun Sen says
Prime Minister Hun Sen has reaffirmed his position that online news outlet VOD, which published in both Khmer and English and also produced radio programmes, will never be reopened. ...
Samban Chandara
https://www.phnompenhpost.com/national/vod-stay-shut-serious-insults-govt-hun-sen-says
Cambodia’s financial sector still ‘strong’: Belgium’s Incofin
The Cambodian banking sector remains strong and not at significant risk of collapse, despite the occasional incidence of foreign investors pulling back after being spooked by “negative” news stories, according to belgium-based global impact fund Incofin Investment Management Comm VA. ...
Rann Reuy
https://www.phnompenhpost.com/business/cambodias-financial-sector-still-strong-belgiums-incofin
Kandal airport developer begins direct negotiations with households seeking better compensation
Families facing eviction to make way for a $1.5 billion airport under construction in Kandal province continue to contest the compensation being offered by the project’s developer. This week the company began directly negotiating with some of the more than 60 families who had still ...
Sorn Sarath and Runn Sreydeth
https://cambojanews.com/kandal-airport-developer-begins-direct-negotiations-with-households-seeking-better-compensation/