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Government reduces tax load on MFIs receiving money from abroad

The Ministry of Economy and Finance (MEF) recently decided to shrink the tax burden for local microfinance institutions (MFIs) by lowering withholding tax on interest from loans acquired from abroad from 14 to 10 percent, a move that the government claims will keep the massive ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-reduces-tax-load-mfis-receiving-money-abroad

Vietnam to scoop up more Cambodian cashews

Vietnam, a major buyer of the Cambodian cashew nut, has unveiled a plan to purchase cashews in even greater volumes during next year’s harvest season, giving hope to farmers who rely on selling their crops at good prices from February through May. ...

Hor Kimsay
http://www.phnompenhpost.com/business/vietnam-scoop-more-cambodian-cashews

US to fund project preserving clothes of S-21 victims

The United States Embassy has pledged $55,500 to the Ministry of Culture and Fine Arts in part to preserve the clothes worn by victims of atrocities at S-21 prison. ...

Cindy Co
http://www.phnompenhpost.com/national/us-fund-project-preserving-clothes-s-21-victims

Fish catches to decline in second fishing season

As the country enters its second fishing season, fish catches are widely expected to decline due to adverse weather conditions. The second phase of the fishing season started on January 21 and will end on the 26, according to the Fisheries Administration, who issued a public ...

Chea Vannak
http://www.khmertimeskh.com/50103907/fish-catches-to-decline-in-second-fishing-season/

Unseasonable rains bring floods

Unseasonable weather has wreaked havoc this week, bringing floods to Sihanoukville and Poipet and leaving one dead from a lightning strike in Koh Kong province, officials confirmed yesterday. ...

Khouth Sophak Chakrya
http://www.phnompenhpost.com/national/unseasonable-rains-bring-floods

China to provide 40 mobile health clinics

Forty mobile clinics and other tools will arrive in the kingdom in April and October following an agreement signed between the Health Ministry and the Chinese embassy in Cambodia. The signing ceremony for the agreement was held earlier this month, according to Health Minister Mam Bun ...

Mom Kunthear
http://www.khmertimeskh.com/50108640/china-to-provide-40-mobile-health-clinics/

Heritage park gets boundary posts

Forty concrete posts have been placed at key locations along the boundary of Phnom Tbeng Natural Heritage Park in Preah Vihear province, paving the way for rangers to patrol the park and enforce forestry and wildlife protection laws. The work was conducted by officials from the ...

Mom Kunthear
http://www.khmertimeskh.com/50110230/heritage-park-gets-boundary-posts/

Mobile car inspection hits the road

The Ministry of Public Works and Transport yesterday inaugurated a mobile inspection kiosk that will provide automobile inspection services to all 13 provinces in the country that currently do not have an inspection station. ...

Touch Sokha
http://www.phnompenhpost.com/national/mobile-car-inspection-hits-road

Minister of commerce meets with Chinese

The minister of commerce, Pan Sorasak, met with officials from the Chinese-based Jilin Provincial Investment Group Co Ltd yesterday to discuss strengthening rice-processing infrastructure in the Kingdom. ...

Post Staff
http://www.phnompenhpost.com/business/minister-commerce-meets-chinese

Repo auction offers quick liquidity fix

The National Bank of Cambodia rolled out a new mechanism yesterday that offers immediate liquidity to financial institutions to cover their payments and reserve obligations, while giving the central bank greater control over the country’s money supply and moving toward the establishment of a benchmark ...

Hor Kimsay
http://www.phnompenhpost.com/business/repo-auction-offers-quick-liquidity-fix

Flooded street closed in capital

A flooded section of a main street in Phnom Penh’s Dangkor district has been temporarily closed because of flooding, according to a statement by Phnom Penh City Hall on Wednesday. ...

Ros Chanveasna
http://www.khmertimeskh.com/news/31115/flooded-street-closed-in-capital/

CNRP, CPP to discuss judicial reform at National Assembly

The CNRP said on Tuesday it would join today’s meeting of the National Assembly’s agenda-setting permanent committee in hopes of pushing ahead with proposed amendments to a trio of contentious laws on judicial independence. ...

Kuch Naren and Zsombor Peter
https://www.cambodiadaily.com/news/cnrp-cpp-discuss-judicial-reform-national-assembly-119749/

Minimum wage for all a step closer

The Ministry of Labor said yesterday that it was working with experts and International Labor Organization (ILO) officials to create a draft law laying out the monthly minimum wage for workers in a variety of fields outside the garment and textile industry, which late last ...

Mom kunthear
http://www.khmertimeskh.com/news/31388/minimum-wage-for-all-a-step-closer/

GI status soon for 4 products

Four Cambodian products – Kampot salt, Phnom Srok silk of Banteay Meanchey province, fragrant milled rice from Battambang province and Kampot durian – could be given geographical indication (GI) status by the European Union (EU), said a senior official from the Ministry of Commerce and ...

Sok Chan
http://www.khmertimeskh.com/news/31522/gi-status-soon-for-4-products/

Solid year to carry forward: NBC

The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting the continued large growth of the banking sector while warning that the Kingdom was still vulnerable to external economic factors. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/solid-year-carry-forward-nbc

House collapses into river, others removed

One home collapsed into the Tonle Bassac river on Saturday in Kandal’s Sa’ang district, while two others are at risk of collapse and eight others had to be dismantled and moved across the road, away from the riverbank, officials said yesterday. ...

Touch Sokha
http://www.phnompenhpost.com/national/house-collapses-river-others-removed

Minimum wage for all in sight

A new law on a national minimum wage for all workers will come into force by the end of the year, the Labor Minister said, after union and employer representatives met officials to discuss the issue yesterday. ...

Mom Kunthear
http://www.khmertimeskh.com/news/37653/minimum-wage-for-all-in-sight/

Companies told to reopen road

Land Minister Chea Sophara has told two firms to reopen a public road they fenced off without permission. The order came after 127 families affected by the closure complained about Phanimex and Heng​ Ly companies in August last year. ...

Khuon Narim
http://www.khmertimeskh.com/news/37652/companies-told-to-reopen-road/

White Building negotiations done: minister

Land Management Minister Chea Sophara called for the end of compensation negotiations with White Building occupants on Friday, drawing the line at $1,400 per square metre – far lower than the $1,800 sought by residents. ...

Kong Meta
http://www.phnompenhpost.com/national/white-building-negotiations-done-minister

Government spokesman admits to NGO scare

Interior Ministry spokesman Khieu Sopheak’s pre-election warning that some NGOs and their leaders were being watched for illegally aiding the opposition was a threat designed to frighten them, General Sopheak said on Wednesday, as civil society groups warily condemned the statements. ...

Aun Pheap and Ben Paviour
https://www.cambodiadaily.com/news/government-spokesman-admits-to-ngo-scare-131115/

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