Cambodia’s economy lost $4b in illegal outflows in 2013
Cambodia’s economy lost more than $4 billion to illicit financial outflows in 2013, more than a quarter of its gross domestic product that year, according to a report released on Wednesday by the Washington-based think tank Global Financial Integrity.Based on trade data reported to the ...
Alex Willemyns
https://www.cambodiadaily.com/news/cambodias-economy-lost-4b-in-illegal-outflows-in-2013-102614/
Government tax revenue collection grows nearly 22% in 2015
The government collected about $1.3 billion in tax revenue in 2015, a 21.67 percent increase over the previous year, according to a statement released by the Ministry of Economy and Finance’s general department of taxation on Monday. ...
Kang Sothear
https://www.cambodiadaily.com/news/government-tax-revenue-collection-grows-nearly-22-in-2015-105200/
Conservationists caution road through sanctury may harm birds
Conservationists have warned a new road could threaten endangered bird species in Stung Treng’s Siem Pang wildlife sanctuary. ...
Kong Meta and Igor Kossov
http://www.phnompenhpost.com/national/conservationists-caution-road-through-sanctury-may-harm-birds
Japan to donate 140 new buses in $10 million deal
Phnom Penh’s fledgling public transportation system received a welcome boost on Thursday as Japan agreed to donate 140 new buses to the city over the next four years, according to City Hall. ...
Khuon Narim
https://www.cambodiadaily.com/news/japan-to-donate-140-new-buses-in-10-million-deal-115756/
Firms flimsy on corporate governance
Cambodia has an opportunity to improve its corporate governance, addressing issues in this field that are increasingly important to international companies considering investment, an official from the international Finance Corporation (IFC) has said. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/firms-flimsy-corporate-governance
Refugee awaits word on exit
The fate of a Rohingya refugee who has chosen to return home rather than remain in Cambodia as part of a controversial resettlement deal with Australia is now in the hands of the Myanmar government, senior officials from both countries said yesterday.Moe Htet Kyaw, second ...
Charles Rollet and Vong Sokheng
http://www.phnompenhpost.com/national/refugee-awaits-word-exit
‘Advice’ for judiciary questioned
A transparency advocate yesterday cautiously greeted a plan for consultation between judges, prosecutors and Justice Ministry officials handling land dispute and other controversial cases, though an international lawyer said it could compromise judicial independence. ...
Bun Sengkong
http://www.phnompenhpost.com/national/advice-judiciary-questioned
Gender-based pay gap persists: Oxfam study
Asia’s economic success has been carried on the shoulders of poor women, whose higher load of work has been unequally compensated and undervalued, according to an Oxfam report released on Tuesday. ...
Yesenia Amaro
http://www.phnompenhpost.com/national/gender-based-pay-gap-persists-oxfam-study
Cambodia to vet refugees in coming Nauru trip: Australia
Australian Immigration Minister Peter Dutton said Thursday that Cambodian officials would visit Nauru within weeks to vet more refugees for their controversial resettlement scheme, according to Australian media. ...
Zsombor Peter
https://www.cambodiadaily.com/news/cambodia-to-vet-refugees-in-coming-nauru-trip-australia-93948/
Building homes for underserved communities
Despite recent announcements of large development projects throughout Cambodia focusing on so-called “affordable housing” for the emerging middle class, there remains a massive gap in the market for quality affordable housing for the poor; especially the urban poor as more rural Cambodians flock to cities ...
James Whitehead
http://www.phnompenhpost.com/real-estate/building-homes-underserved-communities
China-backed AIIB to take concrete shape
One of China’s biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing. ...
Brenda Goh and Koh Gui Qing
http://www.khmertimeskh.com/news/12682/china-backed-aiib-to-take-concrete-shape/
Interior ministry threatens to fire “ghost employees” who haunt gov’t offices
The Interior Ministry has warned 140 of its employees to stop skipping work or risk being fired. It is one of the first government ministries to penalize “ghost workers” – the thousands of bureaucrats, police officers, and other civil servants who are on the government ...
May Titthara / Jonathan Cox
http://www.khmertimeskh.com/news/20480/interior-ministry-threatens-to-fire----ghost-employees----who-haunt-gov---t-offices/
Preah Vihear temple restoration work delayed
Restoration of the most prominent and photographed gate at Preah Vihear temple has been delayed by the need for further study by the Indian team that has signed up for the work, the head of the Cambodian body that oversees the 12th century sanctuary said ...
Aun Pheap and Zsombor Peter
https://www.cambodiadaily.com/news/preah-vihear-temple-restoration-work-delayed-110295/
Hornbill rescued in Seima protected forest
A patrol in Seima Protected Forest in Mondulkiri last weekend found a young great hornbill near an illegal logging site. Hornbill sightings have become rarer as the bird’s population drops. ...
Jonathan Cox
http://www.khmertimeskh.com/news/23925/hornbill-rescued-in-seima-protected-forest/
JCBI expands reach in deal with campu bank
Japan-based JCB International (JCBI), a global payment brand and a leading credit card issuer and acquirer, has reached an agreement with Cambodia Public (Campu) Bank to expand the reach of its JCB cards in Cambodia. ...
May Kunmakara
http://www.khmertimeskh.com/news/17496/jcbi-expands-reach-in-deal-with-campu-bank/
Latest draft of union law leans in unions’ favor
Trade unions appear to have prevailed over employers in their yearslong tug-of-war over a controversial draft Trade Union Law that reached the National Assembly last week. ...
Mech Dara
https://www.cambodiadaily.com/news/latest-draft-of-union-law-leans-in-unions-favor-101199/
Air freight volume bucks global slowdown
Cambodia was one of the few bright spots for the air cargo industry last year with a modest increase in year-on-year air freight shipments as other regions experienced weak growth due to the cooling global economy. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/air-freight-volume-bucks-global-slowdown Khek Norinda
Rubber prices bounce back
A sharp rebound in international rubber prices has put workers at plantations in Cambodian back to work, and has infused the sector with a rare sense of optimism. ...
Cheng Sokhorng
http://www.phnompenhpost.com/business/rubber-prices-bounce-back
PM will lead a high delegation to attend the "11th ASEM Summit" in Mongolia
PM will lead a high delegation to attend the “11th ASEM Summit” to be held from 15 to 16 July 2016, in Ulaanbaatar, Mongolia, under the theme “20 years of ASEM: Partnership for the Future through Connectivity”, the 11th ASEM Summit is expected to discuss ...
Ministry of Foreign Affairs and International Cooperation
Robot factories could threaten jobs of millions of garment workers
The jobs of nearly 90% of garment and footwear workers in Cambodia and Vietnam are at risk from automated assembly lines – or “sewbots” – according to a new report from the International Labour Organisation (ILO). ...