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Thousands sit for language test in hopes of working in South Korea

Thousands of people flocked to high schools across Phnom Penh over the weekend to sit for a Korean language test in the hopes of finding higher-paying work in South Korea, students said Sunday. According to a schedule released earlier this month by the Labor Ministry, which ...

Kang Sothear
https://www.cambodiadaily.com/news/thousands-sit-for-language-test-in-hopes-of-working-in-south-korea-86764/

New standard? Singapore lends hand for electrics

Cambodia will implement new standards for its electricity system – modelled after Singapore – in order to reduce the risk of electrical fires, officials said. ...

Taing Vida
http://www.phnompenhpost.com/national/new-standard-singapore-lends-hand-electrics

Fishing busts up, penalties lag

The first half of 2015 has seen a nearly 50 per cent increase in illegal fishing busts, though the vast majority resulted in no punishment for offenders, a new report from the Ministry of Agriculture, Forestry and Fisheries shows. ...

Sen David
http://www.phnompenhpost.com/national/fishing-busts-penalties-lag

Construction permits slow in 2015, while total investment remains unclear

The amount of companies granted construction permits from the government are slowly decreased in 2015 compared to previous years while the government attempts to reform construction laws and regulations. ...

Siv Meng
http://www.phnompenhpost.com/real-estate/construction-permits-slow-2015-while-total-investment-remains-unclear

Crop inundation feared

As talk of El Niño-inspired droughts shaped much of the conversation ahead of this year’s late-blooming rainy season, recent torrential rains in some areas of the Kingdom have given way to new fears of crop inundation and damage. ...

Ethan Harfenist
http://www.phnompenhpost.com/national/crop-inundation-feared

New climate plan launched

The Environment Ministry in cooperation with the Food and Agriculture Organization of the United Nations (FAO) yesterday launched a $5 million, five-year plan to mitigate the effects of climate change on rural communities in four Cambodian provinces. ...

Taing Vida
http://www.phnompenhpost.com/national/new-climate-plan-launched

Drought batters 13 provinces

Amid what some meteorologists have dubbed a “Godzilla-like El Niño”, drought conditions during Cambodia’s scheduled monsoon season have significantly worsened from what last year were termed historically bad levels, a new report from the Ministry of Agriculture shows. ...

Sen David and Ethan Harfenist
http://www.phnompenhpost.com/national/drought-batters-13-provinces

Too many unions: owners

In a strongly worded defence of the proposed trade union law, employer association CAMFEBA released a position paper yesterday claiming the law would curb instances of illegal strikes and a proliferation of minority unions, which it says is needed to harmonise the country’s troubled industrial ...

Charles Rollet and Ananth Baliga
http://www.phnompenhpost.com/business/too-many-unions-owners

Gov’t increases funding for children’s hospitals

Kantha Bopha Children’s Hospital will receive an additional $2 million this year from the government purse, Prime Minister Hun Sen said yesterday. ...

Chhay Channyda
http://www.phnompenhpost.com/national/govt-increases-funding-childrens-hospitals

Crackdown on vehicles with unpaid tax

The General Department of Customs and Excise at the Ministry of Economy and Finance vowed to take legal action against those using vehicles with unpaid tax and unapproved modifications after relevant authorities had advised them through educational announcements. General Department of Customs and Excise director-general ...

Voun Dara
https://www.phnompenhpost.com/national/crackdown-vehicles-unpaid-tax

Cambodia’s trade deficit widens to $7.66 billion

Cambodia’s trade deficit with its global trading partners has continued to widen in 2019, with $7.66 billion more  imports than exports, according to a government report, increasing from $4.83 billion in 2018 and representing a 31.6 percent rise in one year. ...

Chea Vannak
https://www.khmertimeskh.com/50698301/cambodias-trade-deficit-widens-to-7-66-billion

Securities Exchange Commission says there is no lack of auditors

The Securities Exchange Commission of Cambodia (SECC) has responded to concerns that a lack of licensed auditors may be affecting listed companies’ ability to submit interim financial results in full and on time to the market regulator. ...

Harrison White
https://www.khmertimeskh.com/50780007/securities-exchange-commission-says-there-is-no-lack-of-auditors/

SECC launches excellence programme 2

The Securities and Exchange Commission of Cambodia (SECC) launched here on Nov. 23 the “Excellence Programme 2” to help small- and medium-sized enterprises prepare for stock market listing. ...

Chea Vannak/AKP
https://www.khmertimeskh.com/50785547/secc-launches-excellence-programme-2/

Gains not losses: Key factors that affect share prices in the market

Share price fluctuations can either create opportunities for gains for investors – or potentially be the cause of losses. Factors that drive demand (buying orders) higher than supply (selling orders) will generally lead to an increase in stock price. Conversely, any that drive supply higher ...

Post Staff
https://www.phnompenhpost.com/banking-securities-business/gains-not-losses-key-factors-affect-share-prices-market

In-principle nod given to securities companies in Kingdom

The Securities and Exchange Commission of Cambodia (SECC) on January 5 approved in principle a handful of applications for licences. In a press release on the minutes of an SECC meeting led by chairman and Minister of Economy and Finance Aun Pornmoniroth, the securities regulator ...

Thou Vireak
https://www.phnompenhpost.com/business/principle-nod-given-securities-companies-kingdom

Kingdom joins ASEAN securities plan

The newly-renamed Securities and Exchange Regulator of Cambodia (SERC) and its nine capital-market-regulator counterparts in ASEAN on March 15 signed a new five-year Action Plan 2021-2025 for the development of the sector. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-joins-asean-securities-plan

Two listed firms post sound 2020 business

Two companies listed on the Cambodia Securities Exchange (CSX) reported sound business performance last year despite economic duress caused by the Covid-19 pandemic’s enduring stranglehold on regional and global economies. ...

May Kunmakara
https://www.phnompenhpost.com/business/two-listed-firms-post-sound-2020-business

How the US Fed’s forecast affects local economy

The Cambodian economy is not insulated from fears of inflation and the selloff of US bonds, according to a financial analyst. US Federal Reserve Chair Jerome Powell reaffirmed the US’ quantitative easing policy to spur a turnaround in the country’s economy. ...

Husain Haider
https://www.khmertimeskh.com/50829301/how-the-us-feds-forecast-affects-local-economy/

Sokhonn addresses non-aligned movement

Minister of Foreign Affairs and International Cooperation Prak Sokhonn said it is only with true multilateralism that the international community will be able to address the current major challenges because they are global in impact.   ...

Voun Dara
https://www.phnompenhpost.com/national-politics/sokhonn-addresses-non-aligned-movement

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