Hun Sen vows to launch new bank for SMEs
Prime Minister Hun Sen yesterday pledged to start a new bank with an initial capital of $100 million to provide financing for small and medium enterprises (SMEs), with industry players saying its success hinged on whether concessional or low interest rates could be provided to ...
Hor Kimsay
http://www.phnompenhpost.com/business/hun-sen-vows-launch-new-bank-smes
New electricity bill cuts planned to start in April
Starting on April 1, the Electricity Authority of Cambodia (EAC) will continue to bring down the cost of electricity for households and enterprises in Phnom Penh and a number of provinces, according to a recent announcement by the agency. In a statement released earlier this month ...
Sok Chan
http://www.khmertimeskh.com/50109671/new-electricity-bill-cuts-planned-start-april/
New centre for agricultural research to help expand markets
China-based Digital Agriculture Exchange has revealed plans to build an agricultural research centre in the kingdom to improve production and packaging standards of local fruit and vegetables. officially dubbed a “multifunctional centre”, its aim is to up quality standards to make Cambodian produce more desirable abroad, ...
Chea Vannak
http://www.khmertimeskh.com/50102796/new-centre-for-agricultural-research-to-help-expand-markets/
New book delves into dynamics of geo-politics, int’l trade, legal affairs
In a recent book launch at CamTech University in Phnom Penh, former commerce minister Pan Sorasak hailed the release of RCEP: Part 1: Geo-Political, Geo-Economic and Legal Analysis. ...
Van Socheata
https://www.phnompenhpost.com/national/new-book-delves-dynamics-geo-politics-intl-trade-legal-affairs
Lifespan of ELCs slashed by gov’t
The government has declared leases on plantations will be limited to 50 years, slashing the length of some existing concessions in half, though neither ministry responsible for overseeing the move would confirm the legal basis for doing so.The decision was announced in a press release ...
Taing Vida
http://www.phnompenhpost.com/national/lifespan-elcs-slashed-govt
Cambodian massage parlours told to shape up
Cambodia’s massage palours and spa centres are now required to have at least 30 per cent of their staff trained and certified or risk having their business permits revoked, according to a new directive from the Ministry of Tourism. The directive seeks to professionalise the practice ...
Charles Rollet
http://www.phnompenhpost.com/cambodian-massage-parlours-told-shape
‘Tsunami’ of Tobacco-Linked Deaths Predicted
The government must act now in order to avoid a “tsunami” of tobacco-related deaths in the coming years, according to the co-author of a new report on smoking that appears in the Journal of the American Medical Association on Wednesday. Research for the study, Smoking prevalence ...
Lauren Crothers
http://www.cambodiadaily.com/news/tsunami-of-tobacco-linked-deaths-predicted-50317/
Baby milk recalled in Cambodia
Potentially contaminated infant milk powder that had been banned in China, Russia and Vietnam is now being recalled in Cambodia. The Cambodian distributor of a milk powder product that uses a suspect ingredient from New Zealand dairy giant Fonterra is recalling thousands of units as a ...
http://www.phnompenhpost.com/business/baby-milk-recalled-cambodia
New unit to fix prosthetics
The International Committee of the Red Cross (ICRC) in Cambodia announced yesterday the launch of a new mobile workshop that repairs prosthetics for the disabled in Siem Reap province. ...
Andrew Nachemson
http://www.phnompenhpost.com/national/new-unit-fix-prosthetics
Sotheby’s Gets Stay on Khmer Statue Confiscation
The future of a 1,000-year-old Khmer statue—which Sotheby’s auction house in New York was ordered by the US government on Wednesday to hand back to Cambodia—is now in the hands of the US courts. The statue of the guardian Duryodhana is believed to have come from ...
Another new investment project approved by CDC
According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/
Cambodia commits to Anti-Financing of Proliferation of Weapons of Mass Destruction
Cambodia has strongly affirmed its opposition to weapons of mass destruction, WMD, through two new draft laws approved on Friday, May 15. ...
Khmer Times Staff
https://www.khmertimeskh.com/50724112/cambodia-commits-to-anti-financing-of-proliferation-of-weapons-of-mass-destruction/
Tourism licences to go online
The Ministry of Tourism launched a new online system yesterday to register tourism-related businesses and tour guides who need a licence, in order to ease the licence inspection process and boost government revenues, said a senior ministry official. Neb Samouth, director general at the Ministry of ...
Chan Muyhong
http://www.phnompenhpost.com/business/tourism-licences-go-online
New passport offices to protect migrant workers
Interior Minister Sar Kheng yesterday said the government is trying to protect Cambodian migrant workers by creating more passport offices and cooperating with international bodies to protect them from labour abuses. ...
Sen David
https://www.khmertimeskh.com/50492559/new-passport-offices-to-protect-migrant-workers/
New banknotes signal revival of national pride
In his office at the National Bank of Cambodia, Mr. Heng Bomakara recalls the early stages of the nation’s currency with fondness. He still remembers a time when coins were commonplace. First minted in aluminum and then later in steel, these coins are now a ...
Riel Gains
http://www.khmertimeskh.com/news/36156/new-banknotes-signal-revival-of-national-pride/
SMEs urged to register with the new specialised bank
The president of the Federation of Association of Small and Medium Enterprises of Cambodia (Fasmec) is urging small and medium-sized enterprises (SMEs) to register with the association to get benefits from the newly formed SMEs Bank of Cambodia. ...
Sorn Sarath
https://www.khmertimeskh.com/50717402/smes-urged-to-register-with-the-new-specialised-bank/
Ministry of Economy reviewing draft new tax law
The Ministry of Economy and Finance is reviewing the draft new tax law with the Ministry of Justice articles about the criminal code and clauses that go along with other relevant laws, a senior official said. ...
Chea Vanyuth
https://www.khmertimeskh.com/501173213/ministry-of-economy-reviewing-draft-new-tax-law/
SMEs urged to comply with tax changes
The majority of small and medium enterprises are still unaware of how to comply with new tax regulations that came into force at the end of last year, according to an Economy Ministry official. Srun Angkaren, a deputy director in the general department of taxation, said ...
Sok Chan
http://www.khmertimeskh.com/news/38595/smes-urged-to-comply-with-tax-changes/
The economics of ELCs
Economic land concessions in Cambodia have a profound and negative impact upon rural households located near the plantations, severely limiting residents’ access to natural resources and causing incomes to dip by almost a fifth, a new study by the University of Copenhagen has found. The report, ...
Ethan Harfenist
http://www.phnompenhpost.com/national/economics-elcs
New Year’s price hikes kick in
As many flock to their hometowns today to celebrate Khmer New Year, complaints of price hikes and border bribes have started pouring in like clockwork. Passengers arranging transport to the provinces told the Post yesterday that bus companies and taxies had raised their prices despite a ...