Central bank moves to spark Interbank lending
The National Bank of Cambodia has decreased the minimum value of negotiable certificates of deposit (NCDs) in a bid to promote interbank lending in the Kingdom’s crowded financial industry. ...
May Kunmakara
http://www.khmertimeskh.com/news/17371/central-bank-moves-to-spark-interbank-lending/
Complaint against sugar company withdrawn
More than 150 residents from Kampong Speu’s Oral district gathered at the Equitable Cambodia (EC) headquarters and the National Assembly on Friday to withdraw their complaints over land against the Phnom Penh Sugar Company, which is owned by magnate Ly Yong Phat. ...
Ven Rathavong
http://www.khmertimeskh.com/news/25516/complaint-against-sugar-company-withdrawn/
A few hurdles still block path to joining global value chains
The government needs to urgently amend its industrial development policy to spur the inclusive growth of small- and medium-size enterprises (SMEs) and develop a national logistics platform to cut onerous shipping costs if Cambodia is to find a place in global value chains, panellists at ...
Kali Kotoski
http://www.phnompenhpost.com/business/few-hurdles-still-block-path-joining-global-value-chains
Villagers complain about dam deal
Several families affected by the construction of the Lower Sesan II dam yesterday renewed their calls for the government to demarcate boundaries so they can stay on their “ancestral land,” while others who chose to relocate painted a grim picture of squalid conditions in their ...
Pech Sotheary
http://www.khmertimeskh.com/news/36329/villagers-complain-about-dam-deal/
'Silent waterworld': Cambodian village submerged by floodwater from Chinese-built dam
Floodwater released from a hydroelectric dam has completely submerged a Cambodian village, turning it into a “silent waterworld”. The new Lower Sesan 2 Dam has unleashed a deluge of water on Srekor, in the northern province of Stung Treng, according to California-based campaign group International Rivers. ...
Soldiers ‘attack’ patrollers for confiscating timber
A Royal Cambodian Armed Forces member, backed up by seven of his fellow soldiers, allegedly attacked a community forest patroller and threatened to set him and his family on fire for confiscating illegal timber, according to the patroller. ...
Phak Seangly
http://www.phnompenhpost.com/national/soldiers-attack-patrollers-confiscating-timber
Few women in upper ranks
Cambodian women make up less than 3 percent of the military’s upper echelons, the ministries of defence and women’s affairs confirmed yesterday. Just 88 women hold ranks of one-star general and above, with one solitary woman ranked a four-star general and a deputy commander-in-chief of ...
Erin Handley and Ben Sokhean
http://www.phnompenhpost.com/national/few-women-upper-ranks
KFC in Cambodia Makes Losses in First Quarter
The Malaysian company that operates the KFC fast food restaurants in Cambodia has announced the venture made losses of more than a quarter of a million dollars in the first three months of this year. In its first-quarter report to the Malaysian stock exchange, QSR Brands ...
Flood forces Cambodia to cancel Water Festival
Cambodia announced Sunday to cancel the annual Water Festival next month since the country has been hit hard by Mekong flash floods, the government said in a statement on Sunday. “This year, Mekong floods have been severely hitting Cambodia, claiming human lives and inundating houses, schools, ...
Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/06/c_132775489.htm
Mondolkiri RCAF general denies possession of luxury wood
A brigadier general in the Royal Cambodian Armed Forces (RCAF) whose home and rubber plantation in Mondolkiri province were raided by police over the weekend said Monday that he was not responsible for the dozens of pieces of illegal luxury wood confiscated during two separate ...
Aun Pheap
http://www.cambodiadaily.com/news/mondolkiri-rcaf-general-denies-possession-of-luxury-wood-51870/
More Wood Confiscations in Kampot, but Still No Arrests
The Forestry Administration in Kampot province on Tuesday confiscated about 2 cubic meters of illegal timber from a truck in Toek Chhou district’s Stung Keo commune, officials said. The bust is at least the third in a week, with forestry officials confiscating 200 pieces of illegal ...
Aun Pheap
http://www.cambodiadaily.com/news/more-wood-confiscations-in-kampot-but-still-no-arrests-52598/
CNRP Spokesman Says He Advocated for Higher Troop Wages
CNRP spokesman Yim Sovann on Thursday moved to clarify his position on the armed forces after the Defense Ministry accused him of “looking down” on the government and the work of the army. In a lengthy written statement issued Thursday, Mr. Sovann spoke in glowing terms ...
Khy Sovuthy
http://www.cambodiadaily.com/news/cnrp-spokesman-says-he-advocated-for-higher-troop-wages-51162/
Manulife signs on with Wing
Third-party payments provider Wing yesterday penned a deal with Canada-based financial services group, Manulife. According to a joint statement issued by the two companies, Wing customers can now pay their Manulife insurance bills via the company’s mobile payments system. ...
Eddie Morton
http://phnompenhpost.com/business/manulife-signs-wing
After distributing cash, group denies CPP links
Representatives of a group known as Cambodia Youth Movement 157, which counts Defense Ministry officials among its leadership, on Sunday handed out money to eviction-threatened indigenous families in Koh Kong province’s Areng Valley on behalf of Hun Manet, the son of Prime Minister Hun Sen. ...
Khuon Narim
https://www.cambodiadaily.com/news/after-distributing-cash-in-areng-valley-group-denies-cpp-links-86879/
Cambodia to further enhance and strengthen resilience and preparedness against COVID-19
As the world continues to suffer from COVID-19, the Royal Government of Cambodia has reaffirmed its efforts to further enhance and strengthen its resilience and preparedness against the pandemic and other future contagious diseases. ...
Khmer Times Staff
https://www.khmertimeskh.com/50939357/cambodia-to-further-enhance-and-strengthen-resilience-and-preparedness-against-covid-19/
Justice ministry inks MoU with US digital library
On behalf of Minister of Justice Koeut Rith, justice ministry secretary of state Chin Malin signed a memorandum of understanding (MoU) with the Building Bridges USA (BBUSA) Law Office on “Enriching legal knowledge and the use of an electronic law library”, in a ceremony held ...
Post Staff
https://www.phnompenhpost.com/national/justice-ministry-inks-mou-us-digital-library
ERIA to boost cooperation with Cambodia
The Economic Research Institute for ASEAN and East Asia (ERIA) has pledged to continue strengthening and expanding its cooperation with the Royal Government of Cambodia (RGC). ...
Soth Koemsoeun
https://www.khmertimeskh.com/501516460/eria-to-boost-cooperation-with-cambodia/
Fortified rice raises risk of hookworm infections
Eating fortified rice increases the risk of hookworm infections, a study in Cambodian schoolchildren shows, suggesting that the rice’s added nutrients inadvertently help parasites grow. ...
Mike Ives
http://www.scidev.net/asia-pacific/health/news/fortified-rice-risk-hookworm-infections-1.html
Thailand plans to buy Cambodian water
Thailand’s listed Eastern Water Resources Development and Management Plc’s subsidiary Universal Utilities Plc. a tap water provider, plans to spend some 200 million baht ($6 million) a year to buy water from the still to be built Stung Nam hydroelectric dam in Koh Kong province ...
May Kunmakara
http://www.khmertimeskh.com/news/37220/thailand-plans-to-buy-cambodian-water/
Telecom tax in pipeline
Future growth of telecom networks in rural Cambodia will be funded by a three percent tax on gross revenue for the country’s telecom operators, due to begin within the first half of 2017. Im Vutha, spokesperson for the Telecom Regulator of Cambodia (TRC) told Khmer Times ...
May Kunmakara
http://www.khmertimeskh.com/news/31245/telecom-tax-in-pipeline/