Demand for city property slowly returning
Phnom Penh is making a comeback after years of sluggishness and weak demand in the property sector, real estate agents said. Rose Condominiums, a project in Chamkar Mon district consisting of eight 28 and 29-story towers holding more than 350 units, has already sold out ahead ...
Weak spots seen in Kingdom trade
While the World Trade Organisation yesterday lauded Cambodia’s economic achievements since joining in 2004, officials pointed to the lack of much-needed financing for the Kingdom’s burgeoning trade sector. Cambodia lacks the capacity to finance the manufacturing and agriculture exports that would allow the country’s industries to ...
http://www.phnompenhpost.com/index.php/2011110852601/Business/weak-spots-seen-in-kingdom-trade.html
Garment staff get pay, push for labour rights
Garment workers who went on strike over delayed payment of wages and other alleged violations of labour law on Tuesday morning were paid on Wednesday by management at the Chea Ieng garment factory in the capital’s Sen Sok district. Factory employee Sun Sopheak said yesterday that ...
Hun Sen calls off deals on protected land
Prime Minister Hun Sen yesterday ordered an end to all private land deals inside the country’s protected areas and warned local businessmen and officials against making such illegal deals. “All official paperwork in connection with natural protected areas is invalid,” he said while speaking at the ...
Clean cities promoted through competition
The government wants to beautify Cambodian cities and has launched a competition to encourage the country’s urban centres to clean up their act. Speaking in front of a crowd of roughly 700 at the Peace Palace yesterday, Minister of Tourism Thong Khon said that the “Clean ...
Bavet Governor Summoned Over Shooting
The Svay Rieng Provincial Court yesterday summoned Bavet city governor Chhuk Bundith for questioning over his alleged role in the shooting of three female garment workers at a special economic zone (SEZ) in the province two weeks ago, court officials said. Human rights groups continued ...
Hu's visit in Cambodia boosts ties
The upcoming visit of Chinese president Hu Jintao to Cambodia next week will build closer ties between the two countries, China and ASEAN as the visit is coincided with the 20th ASEAN Summit, said a senior official Sunday. The visit will also create more confidence among ...
http://en.ce.cn/National/Politics/201203/26/t20120326_23188224.shtml
Draft Law Aims to Combat Price Dumping
The government is finalizing a draft law that will aim to prevent importers from price dumping and protect local producers by allowing authorities to raise tariffs on goods, according to a copy of the draft law. In the past, local producers have been negatively affected by ...
PM: Fight against fake news
Prime Minister Hun Sen raised cyber-security and access to information in his address to nearly 5,000 participants at the correspondents’ dinner held on Friday in Phnom Penh. In his speech, Hun Sen called on officials and members of the press to wage a fight against ...
Niem Chheng
https://www.phnompenhpost.com/national/pm-fight-against-fake-news
Wages set to increase for civil servants
The government will increase the minimum wage for civil servants, teachers, doctors, and armed forces in a move to improve their living conditions next year. Speaking in a cabinet meeting at the Peace Palace on Friday, Prime Minister Hun Sen said that wages for both government ...
Khy Sovuthy
https://www.khmertimeskh.com/50654902/wages-set-to-increase-for-civil-servants/
City Hall launches bus app
In a bid to improve public transportation services, City Hall on Friday launched an app that enables travellers to track the location of city buses. In a press release, City Hall said it cooperated with JICA to install GPS on buses for the City Bus app, ...
Sen David
https://www.khmertimeskh.com/50621812/city-hall-launches-bus-app-2/
US ambassador meets with Sar Kheng
Speaking to the press after the meeting at the Ministry of Interior, Murphy said he and Sar Kheng had also discussed areas of cooperation, including strengthening collaborations on wildlife crime, people trafficking, child protection and efforts to counter international criminal activities. ...
Long Kimmarita
https://www.phnompenhpost.com/national-politics/us-ambassador-meets-sar-kheng
Ministry to crack down on littering scourge
The Environment Ministry yesterday warned that it will enforce laws to stop indiscriminate disposal of rubbish, including by fining offenders. Ministry spokesman Neth Pheaktra told reporters at its annual meeting that several laws are already in place to deal with the issue, but they have not ...
Mom Kunthear
https://www.khmertimeskh.com/50657109/ministry-to-crack-down-on-littering-scourge/
Gov’t taskforce to address Prey Speu and homelessness
The Ministry of Social Affairs yesterday announced that it would form a committee to address the lack of services available to the homeless and mentally ill. Yesterday’s meeting was precipitated by the revelation this week by rights organization Licadho that two more residents at Prey ...
Chea Takihiro
http://www.khmertimeskh.com/news/17542/gov---t-taskforce-to-address-prey-speu-and-homelessness/
PM: the water festival is on again
The annual boat races in Phnom Penh, marking the Water Festival celebrations, will take place between November 13 and 15 even if water levels in the Tonle Sap are low, Prime Minister Hun Sen announced yesterday. Speaking at a university graduation ceremony in Phnom Penh, the ...
Mom Kunthear
http://www.khmertimeskh.com/news/29936/pm--the-water-festival-is-on-again/
Central bank takes breather as it reins in rural lenders
Cambodia’s central bank will temporarily suspend its eight-month campaign to bring informal moneylenders into its fold as it lacks the resources to review the mountain of registration applications it has received and needs time to tweak the licensing requirements, a National Bank of Cambodia (NBC) ...
Sor Chandara and Cheng Sokhorng
http://www.phnompenhpost.com/business/central-bank-takes-breather-it-reins-rural-lenders
Control credit, says Moody's
While Cambodia’s Moody’s rating is still at the same B2 level as last year, its economic growth has been downgraded two points from 2015, with the international credit rating agency warning that the Kingdom’s rapid pace of credit growth could pose financial stability risks. “The pace ...
May Kunmakara
http://www.khmertimeskh.com/news/28970/control-credit--says-moody-s/
Internet firms to lose licences
Cambodia’s telecom regulator will strip the operating permits of more than 30 private companies licensed to provide internet and Voice-over-Internet Protocol (VoIP) services unless they can demonstrate that they are commercially active and operating in accordance with their licensing agreements, a telecom official said yesterday.Im ...
Cam McGrath and Cheng Sokhorng
http://www.phnompenhpost.com/business/internet-firms-lose-licences
NagaCorp casino 2016 profits show modest growth
Cambodian casino operator NagaCorp Ltd posted a net profit of $184.2 million last year, a 7 percent increase over the previous year, with growth largely tempered by a lacklustre surge in business volume across all gaming segments at its NagaWorld casino complex in Phnom Penh.While ...
Kali Kotoski
http://www.phnompenhpost.com/business/nagacorp-casino-2016-profits-show-modest-growth
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/