China's ICBC offers RMB transfers
A new banking settlements system called CHANCES, dealing exclusively in the Chinese currency renminbi (RMB), aims to make trade between China and the ASEAN countries easier and less expensive. Owned and operated by the Industrial and Commercial Bank of China (ICBC), the CHANCES system stands for ...
PM offers opposition ceasefire
Prime Minister Hun Sen yesterday responded to calls from acting opposition leader Kem Sokha for Cambodia’s “political family” to unite for the upcoming Pchum Ben festival, saying he would observe a “ceasefire” amid the escalating war of words between himself and the opposition. Speaking at a ...
May Titthara
http://www.khmertimeskh.com/news/30119/pm-offers-opposition-ceasefire/
More montagnards arrive in Phnom Penh
Eleven more Montagnard asylum seekers arrived in Phnom Penh this week, bringing to 85 the number waiting to apply for refugee status, the U.N. said Tuesday. ...
Chris Mueller and Zsombor Peter
https://www.cambodiadaily.com/news/more-montagnards-arrive-in-phnom-penh-84895/
Industry leaders voice concern over sky-high cost of electricity
Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ...
Kali Kotoski
http://www.phnompenhpost.com/business/industry-leaders-voice-concern-over-sky-high-cost-electricity
Wage talks remain in deadlock
The third day of negotiations between members of a working group trying to reach a consensus on the minimum monthly garment wage remained stagnant yesterday, as manufacturers refused to budge from their $110 offer. ...
Mom Kunthear and Sean Teehan
http://phnompenhpost.com/national/wage-talks-remain-deadlock
COs still issued amid lockdown, logistics bottlenecks
The Ministry of Commerce urged producers and exporters to continue applying for certificates of origin (CO) despite transport and logistics issues stemming from the ongoing lockdown in Phnom Penh and Takhmao town. ...
Thou Vireak
https://www.phnompenhpost.com/business/cos-still-issued-amid-lockdown-logistics-bottlenecks
Kingdom licenses first round of new factories
Forty new factories received permission to operate in Cambodia during the first three months of this year, while 54 factories have applied for licenses and 21 are currently undergoing renewal procedures, according to a report released yesterday by the Ministry of Industry and Handicraft. ...
Post Staff
http://www.phnompenhpost.com/business/kingdom-licenses-first-round-new-factories
Space tech to aid park preservation
The Apsara Authority has extended an agreement with China’s International Centre on Space Technologies for Natural and Cultural Heritage to continue using its remote sensing technology to discover and preserve ancient temples in Siem Reap province. ...
Pav Suy
http://www.khmertimeskh.com/5083666/space-tech-aid-park-preservation/
ADB funds $361.4m for six projects in Cambodia
Six projects worth $361.4 million have been signed in order to boost science, technology, engineering, and mathematics (STEM) education, and other sectors in Cambodia. ...
Mao Sreypich
https://kiripost.com/stories/adb-funds-3614m-for-six-projects-in-cambodia
GI status for Tonle Sap rice under consideration
Rice authorities in the kingdom are exploring the possibility of applying for Geographical Indication (GI) status for rice grown in areas around the Tonle Sap Lake. ...
Sok Chan
http://www.khmertimeskh.com/50103691/gi-status-for-tonle-sap-rice-under-consideration/
MoU on cooperation for filling and packaging COVID-19 Inactivated vaccines signed
The Ministry of Health signed a Memorandum of Understanding (MoU) on cooperation for filling and packaging COVID-19 Inactivated Vaccines with China’s Sinovac Life Sciences and Cambodian Pharmaceutical Enterprise, a move that will enable Cambodia to package vaccines. ...
Khmer Times Staff
https://www.khmertimeskh.com/501086524/mou-on-cooperation-for-filling-and-packaging-covid-19-inactivated-vaccines-signed/
Historic US aid project
A new USAID-funded malaria project in Myanmar will draw on prevention, treatment and containment models developed in Cambodia, and underscores the emergence of closer relations between Washington and Naypyitaw, health officials said yesterday. The US$24 million project will expand the effort to contain drug-resistant malaria, which ...
http://www.phnompenhpost.com/index.php/2011120153090/National-news/historic-us-aid-project.html
Army wants students
As part of its plan to up Cambodia’s soldier count, the Ministry of Defence is recruiting 620 university students. The candidates from the 2014-2015 academic year are to be volunteers with no criminal backgrounds, according to an official announcement. The recruitment drive spans the month of ...
May Titthara
http://phnompenhpost.com/national/army-wants-students
Tax incentives offered for expansion of Qualified Investment Projects
In accordance with a recently released legal update from the Ministry of Economy and Finance (MEF), new procedures have been defined to provide income tax incentives to companies involved in expanding their Qualified Investment Projects (QIPs) in the Kingdom. ...
James Whitehead
https://www.khmertimeskh.com/501501730/tax-incentives-offered-for-expansion-of-qualified-investment-projects/
Economic Plan for Mekong Region Gets Finalized
Ministers from the six Mekong region nations concluded a two-day meeting yesterday in which they solidified plans for an economic strategy that would span a decade and require billions in investment. Speaking at Phnom Penh’s Peace Palace at the annual ministerial meeting, Minister of Commerce ...
Oil dispute optimism
A solution to the Overlapping Claims Area (OCA) in the Gulf of Thailand may be at hand due to the election of Puea Thai. Petroleum companies are said to to be ready to explore the region, an area of more than 27,000 square kilometers. A ...
http://www.phnompenhpost.com/index.php/2011072150552/Business/oil-dispute-optimism.html
ILO Respond to Scathing Stanford Report on Factory Monitoring
The International Labour Organisation (ILO) Better Factories Program (BFC) has responded to a scathing report released last week by Stanford University, which said the ILO program was ineffectual as it had not helped secure Cambodian workers a significant wage increase since the program started over ...
Interior ministry pushes the adoption of electronic ID cards
The Interior Ministry has asked Cambodians to continue applying for new electronic identity cards that will be crucial to the upcoming commune and general elections after noticing that the number of people signing up for the cards has slumped. ...
Ros Chanveasna
http://www.khmertimeskh.com/news/22401/interior-ministry-pushes-the-adoption-of-electronic-id-cards/
Japanese firm plans Cambodian fund for later this year
Japanese fund manager Asset Design plans to launch a Cambodian equities fund in late 2011. The fund would target large returns after the Kingdom opened its stock exchange this month, an Asset Design executive said yesterday. Asset Design expected the scale of the fund to ...
Cambodia's Free Trade Union offers minimum wage plan
In the latest bid for an increase in garment-industry wages, Free Trade Union (FTU) president Chea Mony yesterday called on the Garment Manufacturers Association in Cambodia (GMAC) to come to the table and discuss a $120-per-month minimum wage. A few days after Cambodian Confederation of Unions ...