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Cambodia taps Japanese blockchain tech for payment system

The National Bank of Cambodia will develop a blockchain-based payment system with help from a Japanese financial technology startup to offer people a secure, low-cost way of sending and receiving money.   ...

Nikkei
http://asia.nikkei.com/Politics-Economy/Economy/Cambodia-taps-Japanese-blockchain-tech-for-payment-system

Family, firm still at odds over land

While one of the two Phnom Penh families embroiled in a long-running land dispute with the Khun Sear Import Export Company this week accepted a compensation offer, the other says it has no plans to back down. ...

Chhay Channyda
http://www.phnompenhpost.com/national/family-firm-still-odds-over-land

Positive outlook for the giant ibis: conservationists

Experts involved in the protection of Cambodia’s national bird, the giant ibis, have lauded the successes of an ongoing conservation scheme, and offered cause for optimism that the animal can overcome its current status as critically endangered. ...

Charles Parkinson
http://www.phnompenhpost.com/national/positive-outlook-giant-ibis-conservationists

Gunslinger Tycoons

PM Hun Sen’s September 20 cri de couer beseeching powerful officials and their friends and families to not fire or wield their weapons in restaurants and other public places, especially those haunts frequented by foreigners, threatens to spoil the sport most enjoyed by the Kingdom’s well-heeled elite. ...

http://www.phnompenhpost.com/7days/1849-gunslinger-tycoons

Riel trust needed for stability

As much as $320 million is being lost annually as a result of Cambodia’s reliance on the US dollar, while a longstanding mistrust in the riel means there is less of the local currency in circulation, restricting the national bank’s ability to respond in times ...

Eddie Morton
http://www.phnompenhpost.com/business/riel-trust-needed-stability

France maintains $100M pledge for Cambodia

The French government through the French Development Agency or Agence Française De Développement (AFD) has maintained its annual financing commitment at about $100 million as a concessional loan for Cambodia to Develop and recover the country’s post-Covid-19 economy in line with its national Development strategy ...

Kang Sothear
https://www.khmertimeskh.com/501155615/france-maintains-100m-pledge-for-cambodia/

Monkey farm workers accept $16 pay raise

Employees of a controversial monkey breeding farm in Pursat City who protested earlier this week for higher wages have accepted their employer’s offer of a $16 monthly wage increase, authorities said on Thursday.   ...

Phan Soumy
https://www.cambodiadaily.com/news/monkey-farm-workers-accept-16-pay-raise-115492/

Crop insurance takes root

A pilot project that offers micro-insurance to help rice farmers cope with the risks of flooding and drought is looking to build on the success of its first season by scaling up beyond three existing provinces. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/crop-insurance-takes-root

Controversial Facebook internet service launched in Cambodia

A controversial Facebook platform that offers users free Internet —but a limited choice of websites and apps—was launched in Phnom Penh on Thursday in cooperation with mobile operator Smart Axia­ta, its CEO said on Friday. ...

George Wright
https://www.cambodiadaily.com/news/controversial-facebook-internet-service-launched-in-cambodia-97093/

Tax change to benefit employees

The government’s tax collection body has extended the fringe benefit tax exemption to several new industries, removing the 20-percent tax that employers were previously required to pay on the benefits they offered to their workers. ...

Kali Kotoski and Hor Kimsay
http://www.phnompenhpost.com/business/tax-change-benefit-employees

Thai Sugar Firm Meets With Koh Kong Evictees

Koh Kong Sugar has offered to settle its yearslong dispute with Cambodian families who accuse its plantations of stealing their land, but the farmers remain wary of being able to secure a fair deal. The firm, a subsidiary of Thailand’s Khon Kaen Sugar Industry Limited (KSL), ...

Zsombor Peter and Chhorn Chansy
http://www.cambodiadaily.com/news/thai-sugar-firm-meets-with-koh-kong-evictees-46811/

Royal Group affirms its commitment to ANZ

Local conglomerate Royal Group said Tuesday that while it is committed to its partnership with Australia-based ANZ bank, it would entertain selling its stake in ANZ Royal Bank for “a very high offer.” “The Royal Group would like to clarify that it is a strong and ...

Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-affirms-its-commitment-to-anz-54904/

Chinese state firm in talks to take over rail project

With renovation work on the country’s dilapidated railway at a standstill, the Ministry of Public Works has entered into talks with a regional consortium backed by one of the largest firms in China to replace the railway’s current operator, officials said yesterday. Faced with a ...

Cambodia's garment workers confront multinationals

Since mid-January a group of illegally laid off Cambodian garment workers – mostly women – have been picketing the factory they worked in. Their objective was to stop the company, which closed down, owing the workers, collectively, about US$200,000 of unpaid wages, from removing the ...

http://www.greenleft.org.au/node/53454

Families walk out of land dispute compensation meet

Eight families involved in a land dispute in Kompong Chhnang province with Chea Kheng, the wife of Mines and Energy Minister Suy Sem, on Wednesday walked away from a meeting that was set up at their local district administrative office to resolve the dispute, an ...

Aun Pheap
http://www.cambodiadaily.com/news/families-walk-out-of-land-dispute-compensation-meet-56311/

Cambodian workers to get Japan opportunity

The Japanese government will offer an opportunity for specialised Cambodian workers to work in Japan through a new Memorandum of Understanding (MoU) that might be signed in April, Minister of Labour and Vocational Training, Ith Sam Heng said. ...

Mech Dara
https://www.phnompenhpost.com/national/cambodian-workers-get-japan-opportunity

Cambodia to end border check

Cambodia’s Prime Minister Hun Sen has unveiled a new campaign to boost economic independence and reduce the reliance on preferential trade statuses offered by advanced countries, saying the government will provide better trade facilitation and eliminate unnecessary procedures. ...

http://www.nationmultimedia.com/detail/asean-plus/30362299

Lor Peang residents refuse compensation for ‘their land’

Around 50 people representing 83 households from Lor Peang village in Kampong Chhnang yesterday refused concessions offered to them during a meeting with the National Assembly’s Commission on Human Rights, Complaints, and Investigation. ...

May Titthara
http://www.khmertimeskh.com/news/20731/lor-peang-residents-refuse-compensation-for----their-land---/

Boeung Kak lake dispute ‘closed’

Phnom Penh City Hall yesterday washed its hands of the decadelong contentious Boeung Kak lake issue, saying it was closing its conflict resolution process, leaving seven families who had refused to accept the government’s offers in the lurch. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/boeung-kak-lake-dispute-closed

Hun Sen lauds US-North Korea talks

Prime Minister Hun Sen applauded the upcoming meeting between US President Donald Trump and North Korean leader Kim Jong-un on Saturday, offering his congratulations to the odd couple at the fourth annual River Festival in Kandal province.​ ...

Ben Sokhean
http://www.phnompenhpost.com/national/hun-sen-lauds-us-north-korea-talks

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