Banks raise concerns for a new derivative trading law
The Association of Banks in Cambodia has called on the Securities and Exchange Commission to ensure that over-the-counter derivatives transacted by banks do not fall under the governance of the new draft prakas governing derivatives trading on Cambodia’s stock exchange. Speaking at a workshop in Phnom ...
Hor Kimsay
http://www.phnompenhpost.com/business/banks-raise-concerns-new-derivative-trading-law
Rosewood export permits were faked, government says
The government claims not to have issued a single permit to export Siamese rosewood since it agreed to strict new trade rules for the exceedingly rare trees, and says it will look into a U.N.-managed database that states otherwise. ...
Zsombor Peter
https://www.cambodiadaily.com/news/rosewood-export-permits-were-faked-govt-says-114772/
New MoU with Korea for tech centre
The Ministry of Industry and Handicraft will cooperate with two South Korean high-tech companies to establish a technology centre with the aim of facilitating the exchange of information on the development of optic cable technology. ...
Chea Vannak
http://www.khmertimeskh.com/5087660/new-mou-korea-tech-centre/
Permit penalty: New fine in works for workers
Starting on April 1, the government will charge $5 a day for every day that a staff member of a company in Cambodia is without a work permit, according to a senior immigration official. The census is part of an overall tightening of labour laws ...
Taing Vida
http://www.phnompenhpost.com/national/permit-penalty-new-fine-works-workers
New group of Christian Montagnards flee to Cambodia
Montagnards hiding in Ratanakkiri province, speculation grew that more would arrive in the coming weeks. Sev Lyn, chief of Pak Nhai commune’s Lom village, said police were searching the area for 18 Jarai Montagnards — indigenous villagers from Vietnam’s Central Highlands — and were under orders ...
The Union of Catholic Asian News (UCAN) Staff
http://www.ucanews.com/news/new-group-of-christian-montagnards-flee-to-cambodia/72708
Newspaper staff protest firing of editor as new owners cull dissenting voices
Kay Kimsong was fired on Monday after representatives of the new owner ordered senior staff to remove an article about the sale from its website, claiming factual inaccuracies. ...
Hul Reaksmey
https://www.voacambodia.com/a/newspaper-staff-protest-firing-of-editor-as-new-owners-cull-dissenting-voices/4384807.html
New business activity ongoing despite Coronavirus challenges
Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). The CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...
Brian Badzmierowski
https://www.khmertimeskh.com/50840963/new-business-activity-ongoing-despite-coronavirus-challenges/
3,748 new factories opened last year
Some 3,748 new factories were opened last year providing jobs for 147,000 workers but 59,000 others were left unemployed when 491 factories closed down. ...
Tith Kongnov
https://www.khmertimeskh.com/501247843/3748-new-factories-opened-last-year/
Pardons given to 70
Seventy prisoners are to be released during Khmer New Year next week in an amnesty that will also see hundreds of prison sentences reduced by up to a year. The Ministry of Justice approved 555 applications for sentence reductions and pardons following a request by its ...
May Titthara
http://www.phnompenhpost.com/national/pardons-given-70
NA approves draft laws on inspection ministry and border secretariat
The National Assembly (NA) has approved draft laws which will rename the Ministry of National Assembly-Senate Relations and Inspection and establish a permanent Secretariat of State for Border Affairs. The new legislation is part of the seventh-mandate government’s bid to deepen its reforms. ...
Vong Daravady
https://www.phnompenhpost.com/national/na-approves-draft-laws-inspection-ministry-and-border-secretariat
New laws on judiciary due by ‘end of month’
The Ministry of Justice is kicking into overdrive its long-stagnated efforts to finish three fundamental laws on the function of the judiciary, saying it hopes to complete the laws – which it characterises as key judicial reforms – by the end of the month, the ...
Vong Sokheng
http://www.phnompenhpost.com/national/new-laws-judiciary-due-%E2%80%98end-month%E2%80%99
Gov’t says female officers wanted at protests
Council of Ministers secretary of state Keo Remy wants to see female police officers controlling female protesters at future demonstrations, he said at a press conference on Friday. Mr. Remy said female protesters have adopted a new “style” of demonstration under the direction of NGOs who ...
Mech Dara
http://www.cambodiadaily.com/news/govt-says-female-officers-wanted-at-protests-60713/
Govt issues new guidelines for anti-money laundering
The Cambodian government has issued new guidelines on anti-money laundering (AML). ...
Rachel David
https://www.khmertimeskh.com/501450451/govt-issues-new-guidelines-for-anti-money-laundering/
Strike may be shifted to post-holiday date
A stay-at-home garment strike scheduled for tomorrow is in doubt after a number of workers and unionists urged that it be postponed until after the Khmer New Year, a union leader said yesterday. Pav Sina, president of the Collective Union of Movement of Workers, said some ...
Mom Kunthear
http://www.phnompenhpost.com/national/strike-may-be-shifted-post-holiday-date
Union complains of spate of illegal garment factory firings
Union leader Pav Sina on Tuesday said garment factories around the country illegally fired dozens of his local representatives last year, far more than in 2013, and urged the government to help get their jobs back. Mr. Sina’s Collective Union of Movement of Workers (CUMW) is ...
Angkor Wat tourists have new dress code
Tourists heading for Angkor Wat will have to watch what they wear from next month onwards, the Apsara Authority announced yesterday. ...
Thik Kaliyann
http://www.phnompenhpost.com/national/angkor-wat-tourists-have-new-dress-code
Striking Juhui staff look for new jobs
Between 700 and 800 workers from the Juhui Footwear factory in Kampong Cham province have given up on trying to get their jobs back and are looking for work at other factories, while hundreds of others are still waiting for a resolution, a union official ...
Mom Kunthear
http://phnompenhpost.com/national/striking-juhui-staff-look-new-jobs
April 1 debut set for new bridge
The Neak Leung bridge, which spans the Mekong River on the border between Kandal and Prey Veng provinces, will officially open to traffic on April 1, ahead of the busy Khmer New Year holiday, officials confirmed yesterday. ...
Chhay Channyda
http://www.phnompenhpost.com/april-1-debut-set-new-bridge
Rice harvest estimates taken with a grain of salt
New government estimates on this year’s rice production and forecasts for next year’s crop may be overly optimistic, industry experts say, factoring in the impact of a drought that damaged crops and is expected to carry over into the next dry season harvest.The Ministry of ...
Ananth Baliga
http://www.phnompenhpost.com/business/rice-harvest-estimates-taken-grain-salt
Ministry of environment opens new building
The Ministry of Environment on Monday inaugurated its palatial new headquarters in Phnom Penh’s Daun Penh district, the result of a state-private land swap. ...
Khy Sovuthy
https://www.cambodiadaily.com/news/ministry-of-environment-opens-new-building-104401/