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/
Press release for launching ceremony of challenges to independent media 2017
With financial and technical supports by the European Union and DanChurchAid Cambodia Office, the Cambodian Center for Independent Media (CCIM) is pleased announce that CCIM is going to release a report of Challenges to Independent Media in Cambodia 2017 on Wednesday morning, February 21, 2018 ...
Cambodian Center for Independent Media (CCIM)
Launching ceremony of the National Secretariat of Cambodia for Mekong-Lancang Cooperation (NSC-MLC)
On 10 October 2017, H.E. Prak Sokhonn, Senior Minister, Minister of Foreign Affairs and International Cooperation of the Kingdom of Cambodia, will preside over the launching ceremony of the National Secretariat of Cambodia for Mekong-Lancang Cooperation (NSC-MLC), at the Ministry of Foreign Affairs and International ...
Ministry of Foreign Affairs and International Cooperation
Contaminated stream leads to water scarcity
Some 100 families are left with no access to clean water after fish were spotted dead at their water sources – the O’Droun and O’Kles Klork streams – in Sambor district’s Kbal Damrei commune, Kratie province, O’Por village chief Sok Yoeun said on Tuesday. ...
Long Kimmarita
https://www.phnompenhpost.com/national/contaminated-stream-leads-water-scarcity
Government to nominate national parks for heritage list
The government will nominate a national park and a bird sanctuary into the Asean Heritage list next year as they are abundant with biodiversity and wildlife, according to environment ministry officials. Srun Darith, a secretary of state at the Environment Ministry, said the ministry is ...
Sun Mesa
https://www.khmertimeskh.com/50666782/government-to-nominate-national-parks-for-heritage-list/
Date Set for Mam Sonando's Court Hearing
A hearing date has been scheduled next month at the Phnom Penh Municipal Court for Beehive Radio owner Mam Sonando, who has been detained on charges related to insurrection, his lawyer said yesterday. The trial is set for Sept. 11, Mr. Sonando’s lawyer, Sok Sam Oeun, said ...
Trafficking convictions upheld
Five brokers saw their convictions upheld yesterday at Phnom Penh’s Court of Appeal for trafficking 20 Cambodian nationals into Thailand, but legal experts say such convictions for trafficking in Cambodia are still far too rare. While Judge Chan Madyna upheld the men’s 2010 convictions, he shaved ...
Indian Chamber of Commerce Launches in Capital
About 100 Indian businessmen and government officials gathered in Phnom Penh yesterday for the official launch of the Indian Chamber of Commerce (ICC) in Cambodia. Speaking at the launch the ICC president, Debasish Pattnaik, said that since the new organization registered with the government in February, it has gained 54 ...
Human Trafficking Rise Prompts Action
Human and sex trafficking complaints had increased markedly this year, with police vowing to redouble their resources to fight the rampant crimes, officials said at a summit on Friday. Mok Chito, head of the General Secretariat of the National Police Commissioner’s central judicial department, said 113 ...
Japanesee NGO Admonishes Forced Evictions
A okyo-based human rights group has called on the government to cease forced evictions and branded the use of armed forces against ordinary citizens defending their land as an :unforgivable human rights violation.” Human Rights Now (HRN), which in June sent a team of Japanese investigators ...
Laos, Cambodia set for more listings
Private companies and state enterprises are expected to raise large amounts of funds via the stock exchanges in Thailand, Laos and Cambodia over the next several years. More private firms will list on the Cambodian and Laotian bourses next year, their executives told media yesterday at ...
http://www.nationmultimedia.com/business/Laos-Cambodia-set-for-more-listings-30189439.html
Union President calls for inspectors
The president of the Free Trade Union yesterday sent a letter to the Ministry of Labour’s inspection department to monitor working conditions at M&V factories in Kampong Chhnang province, alleging excessive overtime is causing workers to faint. “They have to work both in day and night ...
Former Anti-Drugs Chief Says He Is a Victim, Not a Criminal
At his appeal hearing yesterday, former anti-drug police chief Moek Dara railed against whAt he said was injustice of his incarcerAtion for a slew of drug-relAted crimes, for which he continues to deny his guilt. Mr. Dara, former chief of the NAtional Authority for CombAting Drugs, ...
500 Garment Workers Protest Over Unpaid Wages
About 500 garment workers gathered in front of their factory in Kompong Speu province yesterday to protest that the factory had not paid their full salary for August, a worker representative said yesterday. The protest started on Tuesday at Sien-atree Co. Ltd. in Samraong Tong district ...
R'Kiri duo charged in death of reporter
A Ratanakkiri provincial court has charged a married couple with premeditated murder in the grisly killing of Vorakchun Khmer newspaper reporter Hang Serei Oudom, whose body was found axed to death in the back of a car last week. The suspects, An Bunheng and his wife, ...
Prey Long Forest Patrols Cut Short by Torrential Rain
Community groups have aborted their coordinated patrol of Prey Long forest in search of illegal logging because of heavy rain, a community member said yesterday. The Prey Long People’s Network had planned to continue its patrol-which began Friday and had already found at least 65 cubic ...