ANZ keen to exit Cambodia bank stake
Australia and New Zealand Banking Group Ltd, the country’s third-biggest lender, is keen to exit its holding in Cambodia and will look at wholly owned business models wherever regulations allow. “We got out of a relationship, a small relationship, in Vietnam. We would like to ...
The Business Times News Staff
http://www.businesstimes.com.sg/breaking-news/asia/anz-keen-exit-cambodia-bank-stake-20140325
Traffic deaths rise, injuries fall over new year
Although 254 people were either killed or injured in traffic accidents across the Kingdom during this year’s Khmer New Year, and the fatality rate rose, the rate of injury over the four-day celebration decreased when compared with the same period last year, according to a ...
Mom Kunthear
http://www.khmertimeskh.com/news/23881/traffic-deaths-rise--injuries-fall-over-new-year/
Mills busy as new rice crop rolls in
Cambodia rice exports saw a small rebound in October, notching up 12 per cent as compared to a year earlier, as harvests from the delayed rainy-season planting began to reach the nation’s rice mills. ...
Ananth Baliga
http://www.phnompenhpost.com/business/mills-busy-new-rice-crop-rolls
New human rights czar defends government against ‘darkness’
As protesters were being arrested during peaceful demonstrations in Phnom Penh on Monday morning, the new chairman of the government’s human rights committee held a press conference to reassure the public that the country’s human rights situation was stable. ...
Sek Odom
https://www.cambodiadaily.com/news/new-human-rights-czar-defends-government-against-darkness-112386/
FDI survey may lead to new property regulations
Cambodia’s property sector continues to grow, offering both opportunities and challenges for both foreign and local investors. Meanwhile, ahead of the ASEAN Integration, a wider access to transparent information about the FDI fuelling the sector could lead to the adoption of stronger regulatory principles and ...
Kali Kotoski and Sum Manet
http://www.phnompenhpost.com/real-estate/fdi-survey-may-lead-new-property-regulations
Sports, fitness curriculum planned for junior high
The government this week agreed to partner with an NGO to create a new national physical education curriculum for junior high schools, the education minister said on Friday. ...
Janelle Retka
https://www.cambodiadaily.com/news/sports-fitness-curriculum-planned-for-junior-high-98923/
Phnom Penh to get new $23 million domestic airport terminal
A Malaysian company will begin construction on a new domestic terminal at Phnom Penh International Airport soon, at a cost of about $23 million, the firm announced in a filing to the Malaysian stock exchange on Wednesday. ...
Kang Sothear and Peter Ford
https://www.cambodiadaily.com/news/phnom-penh-to-get-new-23m-domestic-airport-terminal-111342/
NBC sets new capital, risk rules for banks, financial institutions
The National Bank of Cambodia (NBC) yesterday released two proclamations that set new requirements for depositing-taking banks and financial institutions to strengthen the quality of their capital to increase the effectiveness of preventing main banking risks and assess credit risks at lower rates to boost ...
Kang Sothear
https://www.khmertimeskh.com/501318139/nbc-sets-new-capital-risk-rules-for-banks-financial-institutions/
A new military aid boost for China-Cambodia defense ties?
On January 28, Cambodian Defense Minister Tea Banh reportedly confirmed that China would provide Cambodia with a new round of military aid. The report comes as the two countries are looking to boost their defense ties in 2018 as they commemorate 60 years of their ...
Prashanth Parameswaran
https://thediplomat.com/2018/02/a-new-military-aid-boost-for-china-cambodia-defense-ties/
Local businesses lead surge in registrations
The Ministry of Commerce received more than 2,100 new business registrations in the first half of the year, surpassing the 2,020 registrations received at the halfway mark of 2014. ...
Sok Chan
http://www.phnompenhpost.com/post-weekend/local-businesses-lead-surge-registrations
Gov’t cuts leases of 12 ELCs
The government yesterday slashed the lifespans of 12 economic land concessions (ELC) – by half in some cases – as it continued to implement a new policy capping ELC leases at 50 years. ...
Taing Vida
http://www.phnompenhpost.com/national/govt-cuts-leases-12-elcs
Gov’t to exempt patent tax for online press
The Royal Government of Cambodia (RGC) has agreed to exempt patent tax for small online press institutions as well as reduce 50 percent of the registration fee to the new press united in the Ministry of Information (MoI) for the next five years, said a ...
Nhean Chamrong
https://www.khmertimeskh.com/501398047/govt-to-exempt-patent-tax-for-online-press/
NBC policies in line with Pentagonal Strategy
The first plenary session of the new Council of Ministers under the leadership of Prime Minister Hun Manet has approved the Pentagonal Strategy-Phase 1 on August 24, 2023, to unleash a host of economic activities to be implemented to transform Cambodia into a high-income economy ...
Khmer Times Staff
https://www.khmertimeskh.com/501377575/nbc-policies-in-line-with-pentagonal-strategy/
Cambodian media under threat: report
Media outlets in Cambodia have came under increasing threat over the past year, according to a new report by the International Federation of Journalists (IFJ), though the Ministry of Information, responding to a similar recent report, has insisted freedom of expression and the press is ...
Leonie Kijewski and Rinith Taing
http://www.phnompenhpost.com/national/cambodian-media-under-threat-report
New online vehicle registration proved successful
Thanks to the new online registration system, some 17,000 special number plates of vehicles have been serviced, generating 14,000 million Riel (roughly US$3.5 million) as national income. ...
Lim Nary
http://www.akp.gov.kh/?p=106511
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 ...
New ‘Taxation Law’ a shot in the arm for taxpayers
The new Taxation Law encompassing the earlier provisions of the taxation law (1997), annual budget laws of the Kingdom of Cambodia time and decrees and codes of the People’s Republic of Kampuchea (PRK) and the State of Cambodia (SOC) is seen as simple, flexible and ...
Kang Sothear
https://www.khmertimeskh.com/501302182/new-taxation-law-a-shot-in-the-arm-for-taxpayers/
New year pardons delayed to Visak Bochea day
The Ministry of Justice has announced that Royal pardons and reductions of prison sentences have been pushed back to Visak Bochea Day in May, as a result of prisons not offering enough information about potential candidates. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/23812/new-year-pardons-delayed-to-visak-bochea-day/
New prison for Pursat as inmate population grows
Interior Minister Sar Kheng announced yesterday that his ministry plans to construct a prison capable of holding 7,000 inmates on an 800 hectare plot of land in Pursat province. ...
Ven Rathavong
http://www.khmertimeskh.com/news/23144/new-prison-for-pursat-as-inmate-population-grows/
New MoU to study japonica rice variety
In a bid to expand the markets abroad for Cambodian rice, the Ministry of Agriculture has reached an agreement with two Chinese firms to cooperate in conducting research on the high-yielding rice variety known as oryza sativa japonica. The memorandum of understanding (MoU) was signed on ...
Chea Vannak
http://www.khmertimeskh.com/50103456/new-mou-to-study-japonica-rice-variety/