Central bank sets interest rate ceiling, sparking fears
The National Bank of Cambodia announced on Monday that it would set an annual interest rate ceiling of 18 percent for all microfinance institutions (MFIs), sparking concerns that lenders would stop offering smaller loans that often keep the most financially vulnerable afloat. ...
Hang Sokunthea
https://www.cambodiadaily.com/news/central-bank-sets-interest-rate-ceiling-sparking-fears-126483/
Cassava exports up, prices low
Though the export of cassava from Cambodia to foreign markets increased by more than 50 percent in 2016, compared with previous years, export earnings were still low due to below-market-prices offered by buyers in Thailand and Vietnam. ...
Chea Vannak
http://www.khmertimeskh.com/news/37174/cassava-exports-up--prices-low/
CNRP’s predecessor parties reject GDP call to run in July election
The fledgling Grassroots Democracy Party appealed yesterday to the preDecessors of the now-dissolved Cambodia National Rescue Party to contest this year’s upcoming elections in a bid to dilute the ruling party’s vote share – an offer they quickly turned down. ...
Ben Sokhean and Ananth Baliga
http://www.phnompenhpost.com/national-politics/cnrps-predecessor-parties-reject-gdp-call-run-july-election
1,100 voluntary students help land distribution and survey for local people
Samdech PM Hun Sen this week met with I, I 00 voluntary students, who will help survey the land for local people. The government set policy to offer land for real poor and landless people in a form of helping poor and social equity. ...
IOM raising funds to return rescued fishermen
As 58 Cambodian fishermen rescued from slavery in Indonesia await their travel documents to return home, the intergovernmental body organizing their return is attempting to raise money to pay for their travel because the Cambodian government is not offering any funds for their repatriation. ...
Alex Consiglio and Khy Sovuthy
https://www.cambodiadaily.com/news/iom-raising-funds-to-return-rescued-fishermen-82532/
Officials Warn Rainsy Over Military Comments
Government officials over the weekend warned that opposition leader Sam Rainsy could face legal action for comments he made on his Facebook page that called on the public to woo the country’s armed forces into supporting the CNRP and put an end to decades of ...
Khuon Narim and Zsombor Peter
http:// Khuon Narim and Zsombor Peter
RCAF land grab is alleged
Villagers in Oddar Meanchey’s Trapaing Prasat district filed a complaint with rights group Adhoc alleging a military official is using armed forces to claim 90 hectares of their land. In their complaint filed with Adhoc earlier this month, the 13 families who claim ownership of the ...
Phak Seangly
http://www.phnompenhpost.com/national/rcaf-land-grab-alleged
Buildings Up for Demolition Broke Agreement, Not Restrictions
Phnom Penh’s governor on Thursday refused to confirm whether two buildings close to the Royal Palace will be pulled down after local district and commune officials said Wednesday that their demolition due to height violations was imminent. Governor Pa Socheatvong declined to comment on the reports ...
Simon Henderson and Aun Pheap
http://www.cambodiadaily.com/news/buildings-up-for-demolition-broke-agreement-not-restrictions-45425/
IDEMITSU of Japan to build bio-fuel factory in Cambodia in 2015
A world class Japanese Company, IDEMITSU, will build a bio-fuel factory in Cambodia in 2015, and will commence exploring bio-fuel in Cambodia for the first time in 2017, Mr. Heng Ratana, General Director of Cambodian Mine Action Centre (CMAC) told reporters yesterday. IDEMITSU has been ...
The Cambodia Herald
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NjQ3MGQ1NmRlY2R
Unions, GMAC at the table
Employer representatives and trade unions sat down across from each other for the first time yesterday for head-to-head negotiations over next year’s garment sector minimum wage, with factory owners reluctantly offering a small $2 increase to their earlier proposal of $144.20. ...
Lay Samean and Ananth Baliga
http://www.phnompenhpost.com/national/unions-gmac-table
SEZs hold key to economic corridor growth
Industrial parks that offer special privileges to companies that operate inside them play a dominant role in attracting investment in the region, but countries must focus more on building up their infrastructure and human resources to take advantage of increased connectivity, development experts said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/sezs-hold-key-economic-corridor-growth
Indonesia, Cambodia discuss defence cooperation
Indonesia is willing to offer Cambodia’s navy ships at a discount and would like the Kingdom to be involved in joint patrols in the region, Indonesia’s Defence Minister Ryamizard Ryacudu yesterday told the Post, amid his meetings with government leaDers. ...
Shaun Turton and Vong Sokheng
http://www.phnompenhpost.com/national/indonesia-cambodia-discuss-defence-cooperation
In Sweden, Cambodian woman wins world’s children’s prize
Cambodia’s Noun Phymean has won this year’s World’s Children’s Prize, chosen by children from around the globe, and the accompanying $50,000 award for her work offering free schooling and vocational training to some of Phnom Penh’s poorest young people. ...
Zsombor Peter and Sek Odom
https://www.cambodiadaily.com/news/in-sweden-cambodian-woman-wins-worlds-childrens-prize-97347/
T-Shop eyeing growth with plan for IPO
T-shop Cambodia, a Phnom-Penh based electronics distributor, is planning an aggressive push into the provinces through company-owned and franchise outlets, and will look to raise capital for expansion by offering shares on the local stock exchange, the company’s CEO said yesterday. ...
Hor Kimsay
http://www.phnompenhpost.com/business/t-shop-eyeing-growth-plan-ipo
Industry leaders voice concern over sky-high cost of electricity
Private sector industry leaders speaking at an investment conference yesterday in the capital railed on the high cost of electrical power, which they said was sapping their competitiveness, while state officials offered assurances that state-backed power generation schemes would soon bring prices down. ...
Kali Kotoski
http://www.phnompenhpost.com/business/industry-leaders-voice-concern-over-sky-high-cost-electricity
City hall sets two-week ultimatum for Borei Keila residents to leave
Phnom Penh City Hall has set a two-week deadline for residents of the Borei Keila community to accept compensation offers and move out of the area. The authorities said they would take residents to court if they refused to move by the deadline. ...
Hul Reaksmey
https://www.voacambodia.com/a/city-hall-sets-two-week-ultimatum-for-borei-keila-residents-to-leave/4162381.html
Sixth refugee arrives from Nauru under controversial deal
Cambodian authorities say the latest refugee to take up the country’s resettlement offer under a controversial deal with Australia arrived in Phnom Penh on Sunday, only the sixth to do so since the deal was struck in September 2014. ...
Aun Pheap
https://www.cambodiadaily.com/news/sixth-refugee-arrives-nauru-controversial-deal-120305/
Government letters rekindle concern over controversial law on NGOs
A series of letters issued by the Ministry of Interior on Tuesday night – one chastising two election monitors, and another offering a blanket warning to NGOs – have again raised the spectre of the Kingdom’s controversial and widely criticised Law on Associations and NGOs ...
Ananth Baliga and Niem Chheng
http://www.phnompenhpost.com/national/government-letters-rekindle-concern-over-controversial-law-ngos
CPP ties to controversial election monitor deepen
Against a backdrop of government criticism of local election watchdogs, Deputy Prime Minister Hor Namhong has been elected vice presiDent of the standing committee of the election monitor ICAPP, which has frequently been criticised for indiscriminately offering its stamp of approval to otherwise controversial elections. ...
Andrew Nachemson
http://www.phnompenhpost.com/national/cpp-ties-controversial-election-monitor-deepen
China donates to encourage Chinese language education at Cambodian schools
The Chinese government on Thursday donated 203,000 U.S.dollars to the Chinese Association in Cambodia to support schools offering Chinese language courses in Cambodia. Chinese Ambassador to Cambodia Bu Jianguo handed over the money to Duong Chhiv, the president of the Chinese Association in Cambodia. ...
Kong Defang and Liang Jun
http://english.peopledaily.com.cn/90777/8601478.html