Boycott of Virak Buntham bus company launched
In the face of growing criticism and calls for a boycott of their services, Virak Buntham bus company has offered compensation to a customer who says he was robbed on a Siem Reap to Sihanoukville sleeper bus. ...
Jack Laurenson
http://www.khmertimeskh.com/news/14989/boycott-of-virak-buntham-bus-company-launched/
New twist in Cambodian sugar firm saga
Taiwanese food supplier Ve Wong, one of two sugar company owners locked in a long-running battle with villagers in Koh Kong’s Sre Ambel district, has made an eyebrow-raising offer – to give the disputed land back. The company’s offer, posted to the non-profit Business and Human ...
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. ...
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/
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/
Borei Keila evictees call for gov’t clarification
About 30 members of the displaced Borei Keila community rallied outside Phnom Penh City Hall on Friday, seeking clarification about the compensation on offer to them amid complaints that municipal authorities have not been keeping the community informed. ...
Khuon Narim
https://www.cambodiadaily.com/news/borei-keila-evictees-call-for-govt-clarification-102882/
Livelihood incentive for workers as industrial park enters JV
Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...
Hanamariya Halim
http://www.phnompenhpost.com/post-property/livelihood-incentive-workers-industrial-park-enters-jv
Livelihood incentive for workers as industrial park enters JV
Having carved its niche in offering residential and commercial elements within its industrial park, Le Urban Eco Park (LUEP) entered into a joint venture with two Singaporean companies last month to further develop its commercial aspect. ...
Hanamariya Halim
http://www.phnompenhpost.com/post-property/livelihood-incentive-workers-industrial-park-enters-jv
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. ...
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
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 ...